Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Thanks rfarfa, the video is a good insight to where boiler manufacturers are heading, it's good to hear that hydrogen is in the mix.
I can't see Air source heat pumps being an option for the majority of old uk housing for many reasons, and small UK terraces won't have the space required etc. UK government will introduce tariffs on fossil fuels to force people to switch to electric. There is a big push forward with carbon capture, but that idea isn't popular in the Western world because the green minority don't like it, if its not wind, hydro or solar, it doesn't tick their box..
Heat pumps are really only suitable for new homes which are very well insulated and airtight. Most existing housing stock wouldn't be suitable. In the near future, UK will be charging tarrifs on gas to force householders to switch from fossil fuel to electric, but that wont go down well. 70% of people that have electric cars and heat pumps are in the high earning bracket, so the poor will be helping to fund the rich to run their cars and heat their homes.
Non Protected Portfolio is a transaction of a number of stocks dealt with by one market maker at an agreed discount to the market price.
The buying seems to be picking up, what was once a risky punt is now looking more like a smart investment. The stars are aligned, and the Western world is desperate for a new source of gas, welcome to the NT.. I hope the price will start to reflect the amazing opportunity the Beetaloo offers very soon. GLA.
Yes, things looking very positive, and more 100k buys going through again, some info from the abc news copied below...
The Commonwealth and Northern Territory governments have signed a major deal to further speed up fracking and increase energy supply from a giant underground gas field in the remote NT.
Key points:
The multi-million dollar deal aims to accelerate gas production
Exploration is underway to frack the Northern Territory's Beetaloo Basin
The NT government says commitments around greenhouse gas emissions will be met
Two days before going into caretaker mode ahead of the election, the federal government signed off on the joint $872 million deal to accelerate gas production in the Beetaloo Basin, about 500 kilometres south-east of Darwin.
As part of the agreement, the federal government said it would contribute $660 million and the NT government has allocated $212 million, with plans to boost gas supply from the NT to Australia's east coast by 2024.
The deal pulls together more than $550 million in already announced projects to boost the Northern Territory's renewable energy supply and security, as well as investing in technologies such as carbon capture and storage.
It also includes $300 million to support the production of liquefied natural gas (LNG) and hydrogen, as part of a $1.5 billion plan for Darwin's Middle Arm precinct revealed in the latest federal budget.
It marks the latest push by the federal government to accelerate fracking — a controversial drilling technique — in the Beetaloo Basin, under its plans for a gas-led recovery out of the coronavirus pandemic.
Article in The Guardian dated April 12th
Origin Energy says it will push ahead with gas exploration in the Beetaloo Basin after the Australian government cleared it of breaching sanctions against Russian oligarch Viktor Vekselberg, who has a stake in the project.
The energy company’s position contrasts with that of miner Rio Tinto, which last week said that due to Australian and overseas sanctions it had taken full control of alumina refinery Queensland Alumina Limited, where another sanctioned oligarch, Oleg Deripaska, holds an interest.
Australia slapped sanctions on Vekselberg and Deripaska last month after activists questioned why the two men were not on an earlier list when they were known to have interests in assets in the country.
Vekselberg has a stake in Origin’s Beetaloo project through his 16% shareholding in Origin’s joint venture partner, the London-listed Falcon Oil & Gas.
Rio Tinto to sever ties with Russian businesses over Ukraine war
Origin said it had “received guidance from the Australian Sanctions Office (ASO) confirming that Origin’s exploration activities in the Northern Territory’s Beetaloo Basin do not breach Australian sanctions laws”.
Scott Morrison has called for an election on May 21st, the polls have Labour ahead. Will a new Labour government have any effects on the Beetaloo?
https://news.sky.com/story/australia-election-scott-morrison-to-seek-fourth-term-in-office-on-21-may-12586863
I'm with you Camelot, great to have the interest of a big name, we were told we didn't need a raise this year, but that implied we would likely have needed a raise next year, and we all know how Origin operate. We have 12 to 18 months to run, hopefully no more raise needed and maybe Sheffields influence will help ensure things run to plan.
The Sheffields have a 7.5% stake in Tamboran, and now a similar stake in FOG. The Beetaloo is the place to be, and thanks to Putin, the timing couldn't be any better!
This is the best news we could have had at this time, well done Hydro, you suspected Sheffield was the buyer all along.. GLA!
31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP (“Sheffield”) for a US$10 million private placement through the issue of 62,500,000 Common Shares (“the Placing Shares”) at a price of CAD$0.20 per share (“the Placing”). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon’s issued and outstanding Common Shares.
Thanks Newty, Its good to see that Tamboran can see the importance of this moment and are communicating their plans for this year, the points from their presentation slides hasn't copied well, but they can be found at:
https://www.tamboran.com/presentations/
2022 could be an excellent year.. GLA!
Tamboran Resources Focus for 2022:
Delivering on ambition to accelerate commercialisation of ‘Core’ Beetaloo
? H1 2022: Acquire 90 kilometres of 2D seismic over ‘Core’ Beetaloo acreage.
? Mid-2022: Commence drill and fracture stimulate of M1H, targeting confirmation of commercial flow rates within EP 136.
? H2 2022: Target initial booking of 2C contingent resources from EP 136.
? H2 2022: Finalise Jemena-Tamboran Joint Venture (“JTJV”) MOU to align upstream and midstream interests.
? 2022: Continue flow testing of Tanumbirini 2H and 3H wells, subject to further test results.
? 2022: Prepare plans for proposed Maverick Pilot Development.
Macro factors favourable to realising Tamboran’s vision:
- Gas shortage, decarbonisation and energy security are calling for low-CO2 Beetaloo gas.
-Developed Committed Potential Maverick Pilot Development Anticipated....
- Proposed Maverick Pilot Development first gas target Macro factors supportive to Beetaloo gas development
- Gas recognised globally as a key enabler of energy transition. Customers and investors are asking for low-CO2 gas.
- Significant underinvestment in new gas developments has resulted in record gas prices, with Asia LNG prices trading above US$30 per mmBtu (typically ~US$5 per mmBtu).
- Declining East Coast gas production and a structural gas shortage provide opportunity for the Beetaloo Sub-basin to be a material domestic supplier in the future.
- Beetaloo gas is also well-positioned for LNG export by 2030 when LNG projects in northern Australia / Gladstone require backfill.
- Australian Federal Government providing funding and policy support to the development of the Beetaloo gas resources.
- Increased focus on energy security amid global geopolitical tensions.
The Beetaloo is pretty much off most people's radar, but it makes perfect sense to me. My main concern is the casing deformation at the Amungee, giving us only a 200m horizontal section to work with, and it appears that Tamboran had similar issues with both of their casings too, I'm optimistic about the play, but this makes me a little nervous!
The frack free NT will most likely be behind this, any excuse to create hysteria. Victor is sanctioned anyway, and the world is in need of Aussie gas to help free ourselves from the Russian strangle-hold. Stopping Origin now would help feed Putins pockets and help fuel WW3..
It is amusing to hear these new excuses to try and stop progress in the Beetaloo...
In most countries, the opposite view holds, to help free the world from the Russian monopoly on gas. Surely the simple answer is to freeze their assets, and then give Beetaloo companies the help they need to speed up the exploration and free the world of the Russian strangle-hold as soon as possible. Long knifes $3 a share will make a good place to start the bidding.. $5 would seem like a fair price considering where we are at the moment! GLA.
Well done on calling the RNS. From what I've read so far in the UK, the sanctions will just freeze assets of oligarchs close to Putin, but there will likely be a call to increase the severity if Putin continues with the invasion on Okraine.
Thanks Newtofo for your information. Germany is to build two new LNG terminals to break free from Russian Gas and with Putins sickening actions, surely the rest of the world will follow suit. This is the beginning of the end for Putin. The market forces are fickle, but could the Gas shortage + Lack of exploration + Putins Lunacy + Growing Demand (?) = Big Bucks for Australian Gas.
https://www.offshore-energy.biz/germany-to-break-free-from-russian-gas-with-two-lng-terminals/
With most of Russian Oilgarchy now under sanctions, it is possie / likely that out biggest shareholder is now under sanctions. How does this affect Falcon shareholders, should there be a sale whilst the sanctions exist?
Putin could have nailed the coffin for the Nord Stream supply to Europe. I believe Europe and the world (excluding China) will abandon future gas deals with Russia, and seek a supply from a responsible stable country. Australia's door will be open to very good offers soon!