Member Info for Mullins58

Nice !

Meetings with US OEM and MSP

GreenRoc has been invited by GM to participate in a trade mission to GM's headquarters in Detroit, USA from 18-20 November 2024 as part of a delegation of ca. 20 UK companies. The trade mission has been arranged by the Department for Business and Trade ("DBT") to showcase UK automotive suppliers to GM, and the participating companies were specifically picked by GM. GreenRoc will be represented on the trade mission by Chairman George Frangeskides and CEO Stefan Bernstein.

GreenRoc has also been invited to present on 20 November 2024 at a Mineral Security Partnership ("MSP") and MINVEST/MSP Finance Network (see below) meeting to be held in Nuuk, Greenland, entitled "Critical Mineral Investment Opportunities in Greenland". Greenland is an MSP Forum member state. The meeting attendance is hybrid (virtual and in-person) and is arranged by the US State Department and the Government of Greenland. The US State Department will be represented by under-secretary for Economic Growth, Energy, and the Environment, Jose Fernandez. The Government of Greenland will be represented by Minister of Statehood and Foreign Affairs, Vivian Motzfeldt and Minister of Mineral Resources, Naaja Nathanielsen.

GreenRoc has also been invited to speak on 10 December 2024 at the Greenland Session held in Brussels during the Raw Materials Week (9-12 December 2024) arranged by DG GROW, DG INTPA and the Greenland Government. GreenRoc is further invited to participate in the MSP Forum's Workshop on "Public-private investment in critical minerals focusing on developing a positive, trade friendly local-value addition agenda in producing countries". This session is to be held on 12 December 2024 during the Raw Materials Week.

Meetings with US OEM and MSP

GreenRoc has been invited by GM to participate in a trade mission to GM's headquarters in Detroit, USA from 18-20 November 2024 as part of a delegation of ca. 20 UK companies. The trade mission has been arranged by the Department for Business and Trade ("DBT") to showcase UK automotive suppliers to GM, and the participating companies were specifically picked by GM. GreenRoc will be represented on the trade mission by Chairman George Frangeskides and CEO Stefan Bernstein.

GreenRoc has also been invited to present on 20 November 2024 at a Mineral Security Partnership ("MSP") and MINVEST/MSP Finance Network (see below) meeting to be held in Nuuk, Greenland, entitled "Critical Mineral Investment Opportunities in Greenland". Greenland is an MSP Forum member state. The meeting attendance is hybrid (virtual and in-person) and is arranged by the US State Department and the Government of Greenland. The US State Department will be represented by under-secretary for Economic Growth, Energy, and the Environment, Jose Fernandez. The Government of Greenland will be represented by Minister of Statehood and Foreign Affairs, Vivian Motzfeldt and Minister of Mineral Resources, Naaja Nathanielsen.

GreenRoc has also been invited to speak on 10 December 2024 at the Greenland Session held in Brussels during the Raw Materials Week (9-12 December 2024) arranged by DG GROW, DG INTPA and the Greenland Government. GreenRoc is further invited to participate in the MSP Forum's Workshop on "Public-private investment in critical minerals focusing on developing a positive, trade friendly local-value addition agenda in producing countries". This session is to be held on 12 December 2024 during the Raw Materials Week.

Https://www.londonstockexchange.com/news-article/GROC/amitsoq-update-and-visit-to-general-motors-company/16765652

GreenRoc to visit General Motors Company in Detroit

GreenRoc Strategic Materials plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that the Government of Greenland has decided that the Company's application for an Exploitation Licence for the Amitsoq Graphite Project in South Greenland ("Amitsoq" or the "Project") fulfils submission requirements.

GreenRoc is also pleased to announce its attendance at a number of upcoming industry events. The Company will be participating in a trade mission to General Motors Company ("GM") during 18-20 November 2024, and GreenRoc's CEO Stefan Bernstein has been invited to speak and participate at two separate Mineral Security Partnership meetings and an EU arranged meeting on Greenland in the coming

GreenRoc to visit General Motors Company in Detroit

GreenRoc Strategic Materials plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that the Government of Greenland has decided that the Company's application for an Exploitation Licence for the Amitsoq Graphite Project in South Greenland ("Amitsoq" or the "Project") fulfils submission requirements.

GreenRoc is also pleased to announce its attendance at a number of upcoming industry events. The Company will be participating in a trade mission to General Motors Company ("GM") during 18-20 November 2024, and GreenRoc's CEO Stefan Bernstein has been invited to speak and participate at two separate Mineral Security Partnership meetings and an EU arranged meeting on Greenland in the coming

Https://www.londonstockexchange.com/news-article/GROC/amitsoq-update-and-visit-to-general-motors-company/16765652

I agree. Big news soon. ATB

Plus the booster compressor.

Yep, persistent buying over the last week. Atb

A Mixed bag. 2025 will be a good year. Have a good Christmas.

Mike Buck, CEO of Petro Matad, said:

"We are very pleased with the performance of the Heron-1 well so far and we are encouraged that higher than expected stabilised flow rates may be achievable. We are looking into this as a matter of some urgency, although if surface modifications are needed, these will likely have to wait until after the winter operational shut down. The transfer of production to Block XIX is settling into a routine and we are pushing to be able to export and sell Block XX crude as soon as possible.

The Heron-2 well testing has not achieved the flow rates we were hoping for given the enthusiasm with which Heron-1 produces, but the presence and recovery of oil is encouraging and we have some work ahead to understand the outcome so far and determine the forward programme for the well. This work will be done over the next few months as we finalise our operational programme for 2025."

Heron-2 testing

Heron-2 well testing operations commenced on 25 October following completion of a stimulation programme. Seven days were subsequently lost after the test rig suffered a major engine problem but repairs were completed and operations resumed. By end of the test, the well was producing a mixture of oil and what is interpreted to be stimulation fluids with productive potential estimated to be around 30 bpd. This is significantly lower than the rates observed in Heron-1 although it is in line with flow rates reported from some other wells in the basin. Pressure data recorded during the test and the details of the stimulation operation will be reviewed to determine if the flow rate is an indication of low reservoir permeability or some other down-hole issue. Heron-2 is now being suspended and once the data evaluation is complete, the forward programme for the well will be determined.

Heron-1 production

As previously reported, the Heron-1 well was brought onstream on 24 October and it continues to produce oil to surface under natural flow without the need for pumping. The well is producing with higher amounts of associated gas and at higher pressures than are generally observed in the basin giving the well high initial flow potential. Rate tests have achieved flow rates similar to, and in some tests, higher than the maximum 821 barrels of oil per day (bopd) rate recorded during the well testing operations in 2019. Given the high pressures observed at surface, the flow rate is being monitored carefully to ensure that casing and production tubing pressures remain within safety tolerances and production is currently choked back to a range between 200 and 300 bpd. Whilst this is in line with our pre-production aspiration for an initial stabilised rate, the indications of sustained potential for the well to produce at higher rates are under review, to see if modifications at surface can be made to increase the stabilised flow rate.

Regular transfer of oil to the TA-1 production facilities in Block XIX is ongoing. Meanwhile, all the commercial terms have now been agreed and the final wording of the Cooperation Agreement is being prepared to include details of exactly how the produced volumes will be offloaded, measured and confirmed by the relevant parties. Once agreed with the Block XIX operator the Cooperation Agreement will be presented to the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) for their approval. The Company is pushing to expedite these final steps after which export paperwork will be prepared and sales of Block XX oil to the buyer in China will commence. In the meantime, large storage capacity is available in Block XIX so Block XX production can continue uninterrupted.

Highlights

· Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019.

· The oil has more associated gas than expected which improves the flow potential but is also causing pressure fluctuations at surface and so production is currently choked back in the 200 to 300 bpd range.

· Production is being trucked to the neighbouring Block XIX TA-1 facilities and stored. The commercial terms of the Cooperation Agreement with Block XIX operator have been agreed and the final wording is being prepared for sign off by MRPAM. Once approved, export paperwork for Block XX crude can be prepared and sales will then commence.

· Heron-2 has been stimulated and tested with oil recovered together with stimulation fluid at a low flow rate. The well is being suspended and the stimulation and pressure data will be reviewed to determine the forward programme.

Https://www.londonstockexchange.com/news-article/MATD/operational-update/16763449

Very positive

Oce, it's all there if you look hard enough. Atb

Not long to wait

https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/

0.35/15 m