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Https://twitter.com/UKOGlistedonAIM?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Pinarova-1 Testing Operations Commence
UK Oil & Gas plc (London AIM: UKOG) is pleased to announce that following the delivery of both PSI's perforating and Aladdin Middle East's ("AME") swab testing equipment to site, Pinarova-1 testing operations have now recommenced. PSI's larger 7-inch perforation guns will be deployed following normal site rig up and necessary safety and environmental checks. UKOG's site representative will monitor and quality control the full operational programme. Further updates will be issued in due course.
The new larger 7-inch perforating guns, capable of fully penetrating Pinarova's 9⅝-inch casing, will be deployed over the Germik/Hoya section where strong oil odours at surface were recorded over a 12-hour period during drilling and mobile light 42˚ API oil was recovered from the mud pit (see RNS of 22nd September 2023). Geochemical analysis found the mud pit oil to be near identical to that found in the seismic shot hole oil seep, located around 1.5 km to the west.
UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.
Https://www.visualcapitalist.com/cumulative-uranium-production-by-country-1945-2022/#google_vignette
Https://www.mining.com/web/uranium-miners-posed-to-extend-gains-on-supply-crunch-sprott-says/
HTTps://www.dropbox.com/scl/fi/yw4z1iqaz8r727ijizt0e/Hellenic-Dynamics-Company-Presentation-November-2023-Final.pdf?rlkey=5eect38p259mgrj4fwew7rvl6&dl=0
hTTps://www.dropbox.com/scl/fi/pyw2zduhr40n6uwcynhfg/Hellenic-Dynamics-Facility-Presentation-November-23-V1.pdf?rlkey=da2k3xl4crkar4xbc0v8yazwg&dl=0
Video PODS
https://www.youtube.com/watch?v=6pdXe2wpEeM
Video Master Grower
https://www.youtube.com/watch?v=0PF9vAkvGNc
Dan , thanks for your posts , much appreciated. Hopefully the company can make some decent progress over 2024. ATB
Nicole Galloway Warland, Managing Director of Thor Energy, commented:
"Based on the promising consistency along strike of shallow high-grade uranium results from the drilling program, Thor has commenced preparation and permits for Mineral Resource drilling at Rimrock and Groundhog mine areas, this will include infill and extension RC as well as diamond drilling.
"We are pleased to see the uranium spot price breaking USD$100/lb, marking a 16-year high for the commodity. Forecasts predict continued growth in 2024 based on favourable fundamentals due to current supply shortages, major producers such as Cameco and Kazatomprom indicating they are unable to increase supply in the short term, geopolitical tensions (Niger coup d'état and Russian invasion of Ukraine), and 24 nations pledging to triple nuclear power capacity by 2050 (COP28).
"The US government recently announced that it plans to invest up to $500 million in enhancing domestic capacity to process uranium into nuclear fuel. We are encouraged by this inward investment as it will only further benefit the developments of our US projects, making Thor strategically poised to capitalise on the global shift towards green nuclear energy.
"Based on the success of Thor's drilling programs and the wider positive sentiment around uranium, Thor's team is also now reviewing additional prospects within the Project area for drilling evaluation."
Https://www.londonstockexchange.com/news-article/THR/uranium-update/16293709
4.07 / 3.5m
Letter of intent for funding with Piraeus Bank S.A.
Hellenic Dynamics Plc (LSE: HELD), a medical cannabis cultivator with a dedicated focus on producing tetrahydrocannabinol ("THC") dominant strains of medical cannabis flowers for the fast growing global medical cannabis markets, is pleased to announce that Piraeus Bank S.A ("Piraeus Bank") has conducted a review of Hellenic Dynamics five year business plan and have issued a letter of intent for funding ("Letter") which outlines the support from the bank for the provision of credit facilities on the submission of a detailed business plan, to be submitted on behalf of Hellenic Dynamics by a consultancy firm considered to be acceptable by Piraeus Bank.
Piraeus Bank, headquartered in Athens, is one of Greece's largest banks and one of the most prominent in the agricultural sector. Under the terms of the Letter, Piraeus Bank intends to consider providing Hellenic Dynamics with credit facilities, as follows:
1. export factoring for working capital;
2. letters of guarantee in respect of advance payment of certain Greek domestic grants which the Company has applied for; and
3. loans in respect of the expansion of cultivation buildings at the Company's 195,506 square meter facility in Northern Greece.
Any support provided by Piraeus Bank would contribute to the advancement of the Company's future developments and objectives, which underpins the Company's business plan and strategy.
Hellenic is now focusing on working with Piraeus Bank to move forward with this funding opportunity in order to develop and grow its business for the long term benefit of shareholders, and is intending to submit the required documentation to Piraeus Bank's appointed consultancy firm in due course.
Dr Fillipos Papadopoulos, Executive Director of Hellenic Dynamics, commented: "Piraeus Bank has been a steady supporter of Hellenic and a long term believer in the prospects of the Company and the medical cannabis sector in Greece. The expertise of its team in the agricultural sector allows the bank to have a deep understanding of medical cannabis cultivation and processing and thus facilitates an excellent working relationship. I am very pleased that we are now moving ahead with the various discussions pertaining to funding, the early payment of national grants the Company has applied for and of course the future expansion of our facility under our POD programmes."