Firering Strategic Minerals: From explorer to producer. Watch the video here.
"Extensively studied with >US$300m spent on technical studies and drilling to date
✓Bankable Feasibility Study Complete.... " ...... note 'BANKABLE' !
So, in other words ZIOC are at very least, fully expecting return of $300m (~£244m) or x5 our current SP.
Page 3:
https://www.zanagairon.com/wp-content/uploads/2023/11/Zanaga-Investor-Presentation-1-Nov-2023-1.pdf
Clear suppression of SP today imo, need those pesky tranches away asap.
aimo & dyor
S86,
"It’s fairly clear we’ll be going into production ourselves with the ‘strategic entity’...."
It that's the case, would have to be on FREE CARRY to production and therefore probably retain between 3-6% (~1.5 to 3%) plus of course, cash, lots of it, aimo !!!
Someone wants to contain the SP today, that's for sure, oh & no news on the first tranche either, co-incidence !!
aimo & dyor
For those who are not familiar with the clown in the town, it always posts vax rubbish after hours to SPAM HBR and other BB, simply DO NOT FEED THE CLOWN, just REPORT, REPORT REPORT and Admin will do the rest.
TIA
B4N,
Hi, yes my mistake, of course FLNG, FEED has been underway for ~18 months now as for lead-times, who knows what our future partner may or may not have 'to hand'. Agree, achieving EIA approval is critical for farm-in partners to closing a deal. atb
aimo & dyor
Wiggly,
Just need, nothing more (other than being invested), cometh the day, cometh the rich man .... a little :
https://youtu.be/273eSvOwpKk?si=U6COFbkMIcb0S7-K&t=5
aimo & dyor
Logically, production could start within ~12 months using FPSO in service for a year or two on contract whilst sub-sea pipes, onshore facilities and export route are completed given the right partner.... just saying !
aimo & dyor
"After it is disconnected, the Western Isles FPSO will be towed to shore for potential reuse. The vessel will be recycled or disposed, if it is not reused....."
I would have thought, particularly with reference to NS, any FPSO that is able to be 'reused' extending its designed CoP for cost effective expenditure would find a willing home, off the top of my head I can think of at least 3 suitable candidates, if not plenty of other options outside of UK waters.
aimo & dyor
Before any clown points out it's Thursday ...... they are missing you :
https://www.facebook.com/BillySmartsCircus/
"Serica have been awarded Block 29/2a in the 33rd UKCS licensing round, it contains the decommissioned Kyle oil field and it is clear that after a bit of TLC from Mitch and the team be a tie-back to the Triton FPSO, very smart move…..."
"EIA approval for the Anchois project is indeed massively important for Chariot as it provides the vital permission to go ahead with this key project and perhaps more importantly further de-risks the ongoing development. Indeed, on this front the partnering discussions are continuing but there is a heavy nod here in the words ‘close to conclusion’.
We know from presentations at the Morocco Summit last week that activity in country is moving on at a good pace across the board, see my blog from Friday where I comment on the onshore drilling programme which is on schedule. Indeed on the fact that Eni are drilling the Cinnamon-1 well offshore which in the event of success provide another spotlight on the country.
My long term Target Price for Chariot, which includes the renewables business across Africa’s mining business remains at 100p...."