The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
By way of Executive Decree 63/23, of 10 May 2023, the Angolan Ministry of Mineral Resources, Petroleum and Gas has approved the extension of the Block 3/05 license from 1 July 2025 to 31 December 2040. Together with the extension, the economic and fiscal terms of the license have been strengthened through the unitization of the existing 8 producing fields into a single (non-ring fenced) development area. These fields consist of Palanca, Pacassa, Cabo, Impala, Impala SE, Pambi, Oombo 1 and Búfalo.
Block 3/05 is located in the Lower Congo Basin and produces and average of just under 20.000 barrels per day. It is operated by Sonangol P&P (50% interest) which is associated under a Production Sharing Contract with Maurel & Prom (20%), Azule Energy (12%), Somoil (10%), NIS Nafta Gas (4%) and Afentra (4%). Afentra, a London-listed independent, has agreed to buy an additional 20% stake from Sonangol, a transaction which is expected to be completed in June 2023.
Could be this?
https://twitter.com/bobbyoflondon/status/1658775272080941057?s=46&t=VA66CsBbZToP4M6G8W0iHQ
Dear All, Disclosure - FDC is the broker to CTL, FDC is a shareholder, I am a personal shareholder, several of family are sharedholders. I am not party to any inside information - There are my views, they should be considered investment advice. - Back to basics - Lithium Demand fundamentals remain the same - in the last 12 months, we have grown form a resource of 500k to 2m tonnes. laguana verde increased from 500k to 1.5M. Francisco had an initial well with 500k (this was low and would of been over 700k but was constrained on one side) we have drilling results expect in the next 60-90 days. we have two wells on Laguna verde that I hope would increase the resource to circa 2M, we have 3 wells on Francisco basin that should end up circa 2M. We have the initial well on Llama that could lead that assets to being larger than the other two. We have the pilot plant in country before end Q2 and we start to produce 1 ton a month which we can start to send to all the industrial companies, Battery manufacturers and automotive companies. On a valuation basis we are still at less than $20 a ton in situ value, the peer group is north of $100. If you look at Lake in argentina they have 4.4M however they have given away 25% to their technology partner they are still valued today at A$633. roughly GBP 340m, around $120 per ton. They are around 18 month ahead of us in development. There is discussion around dilution, here is the timeline, we have results over next 3 months. we have pilot plant, we have 2nd scoping study due on Francisco Basin, we are funded to the end of the year. 2024 we do the definitive feasibly study and and start to look at partners, you would now look to fund the equity until late 2024, by then we should expect to be 3-5 times the value today. The announcement we believe is about wanting to partner with Lithium companies, from what I understand there will be a public private partnerships , the state maybe taking 10% interests etc, they are not going to private existing companies, or nationalise wider sense. This is very common in a lot of mining jurisdictions around the world. Govts know they dont' have the skill set to run all the projects. I have had several client call today and they have been buying. we are seeing large volume already at 1.8M shares. I president I understand is making is full announcement for how they want to lithium industry to proceed.
Not respected by me. Another boiler room pumper and dumper
https://twitter.com/theangelofaim1/status/1356269599856218113?s=21
Doesn’t take a rocket scientist to work out this is going much higher short/medium term. I took ad many ad I could on open today at different levels. First target is 5p but will likely hold until 10p before taking any profit
#MNRG
- Main Market Listed
- Under 2m MCap
- 3 mines in the Gold Ridge Project in Arizona covering Gold estimated at $20m value in 2009, Copper and Silver.
- Huge gold grades in many samples taken and waste dumps left from old time miners ready to be processed.
- HofT Agreement just announced to acquire a Privately owned Onshore Oil and Gas Producer.
- CEO took £30,000 worth of shares last week at 0.60p
- Relatively low free float, many shares in sticky hands.
- Should be revenue producing this year
Interview with Rolf tomorrow- we’ve flushed out the short term traders and another big rise in the cards
Just seen an email from Rolf confirming no placing in July. Also states that they have a pipeline of opportunities they are looking at currently.
I spoke to him myself yesterday and he told me news will be released on a number of fronts over the next two weeks or so.
So essentially you are saying that you are deramping this share because earache has been deramping a stock that you are long on?
That’s pretty sad. How about you two meet for a fight in a car park somewhere and save us all your from your nonsense. No spitting though as there’s a virus about.
Had an email from Rolf Gerritsen and he gave permission to share:
Thank you for your email, I hope you are keeping safe.
We are working hard to review new and existing deals, the oil price has changed the dynamics of the planned transaction in Romania and we will see how the vendors respond to our changed commercial proposition.
We are working on numerous fronts and as soon as I have something relevant to report I will.
I am sorry I cannot be more informative but as a major shareholder in the company my interest is aligned with yours.
Kind Regards
Rolf
Rolf Gerritsen
CEO
MetalNRG Plc
1 Ely Place
London EC1N 1RY