Member Info for ocelot

Think the decision concerning the upgrade of the processing plant is wrapped up with the decision to produce from Clogau.

At the daily rate of processing a few tonnes of ore, they can, if need be, deal with the current blasting programme over, say, a quarter without upgrading the plant. But if they plan to continue blasting beyond the first 10 metres, then they will need to upgrade.

A bit more subtle than that, Divermike - it's saying that the current exploration licence expires in 13 days.

... it is the Company view that South Dorset's potentially significant increased revenue potential, plus the simpler, substantially lower CAPEX renders it more economically competitive ... versus other potential applicants' projects on a cost/TWh basis.

Additionally, the Company continues in advanced discussions with an energy infrastructure investor regarding participation in UKEn's current Dorset and new Yorkshire projects. We look forward to providing further updates in due course. (placing RNS of 19/11/24)

The Company’s subsidiary, GMOW (Operations) Limited, was originally awarded a six-year exclusive exploration licence with effect from 10 February 2015 over a 107 km² area encompassing the Clogau-St David's Gold Mine and the majority of the Dolgellau Gold Belt.

The Exploration Licence has now been extended for a further four years; the maximum extension possible under the terms of the original licence. As such, the Exploration Licence will now remain in full force and effect until 9 February 2025, Alba told investors. (from a Vox Newswire article of 11/02/21)

UKEN: New DEEP.KBB salt cavern design renders South Dorset Site’s storage volume and cyclicity capable of 2.9 times the energy storage of original Portland Port project, making it one of the UK’s largest planned projects

UKEN: New design by DEEP.KBB, one of Europe’s leading salt cavern experts, shows site capable of storing up to 30 TWh/yr, significant proportion of NESO predicted 2050 UK Hydrogen Storage demand of 50-100TWh/yr

UKEN: CEO Sanderson says: “DEEP.KBB’s design work shows our South Dorset site has potential for significantly greater future revenues at far lower cost compared with our original Portland hydrogen storage project.”

UKEN: “Our efforts will now be focused upon South Dorset project and its sister in East Yorkshire, which plan to use simple and proven technology to deliver nationally significant energy storage,” says CEO Sanderson

Makes the project substantially more attractive, both for the government and for potential partners.

... applying Xodus supplied cost data to the proposed cushion gas scheme, South Dorset CAPEX is now estimated to be around £800 million in today's money, around £450 million lower than the Portland project.

Stephen Sanderson, the Company's Chief Executive, commented:

"DEEP.KBB's Design work demonstrates that the South Dorset Site has the potential for far greater future revenues and profitability versus the Company's original and otherwise robust Portland hydrogen storage project. It is, therefore, also likely to be a more compelling case for government revenue support in the forthcoming hydrogen storage procurement process, now scheduled for later this year. Consequently, our efforts will now be focussed upon this material project and its northern sister in East Yorkshire, both of which plan to utilise simple and proven cushion gas operating technology."

According to the Sunday Times, under a 1917 agreement between Denmark and the US, if Greenland is to be sold it must first be offered to the UK, the British interest being related to its dominion at the time, Canada.

EPP's Ben Clube reckons the annual cost of financial constraints related to wind-generated power is currently running at £2bn and will rise to £10bn over the next few years.

The solution is hydrogen storage.

Sounded confident about the availability of clean energy finance for EPP's own project and believes EPP enjoys a first-mover advantage.

A great deal of what he said also applies to UKOG.

From 3:07: "Very simple processing exercise because it's what we call 'free gold', it's not bound up in anything else in particular".

crush the ore > produce concentrate

from 01:39: "Bulk sampling will undergo internal assessment to determine economic viability".

"2. Preceding Steps – The groundwork that underpins Alba’s success".

That is a confident and unequivocal statement.

In This Episode:

CEO George Frangeskides shares insights into Alba Mineral Resources’ business model, focusing on:

1. Commercial Strategy – Alba’s commitment to fast-tracking production and leveraging Clogau’s premium gold value.

2. Preceding Steps – The groundwork that underpins Alba’s success.

3. Infrastructure Benefits – How existing resources accelerate progress and minimise costs.

4. Processing – Alba’s innovative approach to refining and adding value.

Discover how Alba is building a sustainable and efficient pathway to production.

It's the first time GF has spoken of the possibility of upgrading the processing plant off-site, either immediately close by or on a main road, in an industrial site.

Processing currently limited to "a few tonnes a day". But even at that rate, after, say, 10 days/ a fortnight they will have made tangible inroads into the extracted ore.

7.5x is the figure which most closely fits Angus. Angus's current multiple is (£13.27m/£17m =) 0.78x

https://firstpagesage.com/business/ebitda-valuation-multiples-for-oil-and-gas-sector/

That should help liquidity in the stock.

Re HH, it is this opinion of Surrey CC's principal environmental assessment officer on behalf of Egdon Resources in a case in Lincolnshire which gives cause for thought:

Dr (Jessica) Salder supported Egdon’s conclusion that the emissions from burning 15-years of oil production from Biscathorpe would not be significant for the climate.

She wrote:

“The climate impact of the downstream emissions arising from the crude oil that would be extracted as a result of the development [at Biscathorpe] can be classed as non-significant ..."

https://drillordrop.com/2025/01/18/council-worked-for-oil-company-on-biscathorpe-production-bid/

Agreed, elir71.