Member Info for originalharrystamper

OT et al - did you know subcoal has been in development since 1998 and with N&P since 2013 when they bought out another Dutch business: https://www.letsrecycle.com/news/latest-news/np-subcoal-plant-teesside/

As the Teesside plant has been under construction since 2017 and that being before the N&P and SAE partnership (previous partnership was N&P and SIMEC before SIMEC incorporated Atlantis Energy to become SAE) Im wondering if the delay in production is due to the plant now technically being part of the new JV formed company NPA Fuels Ltd?

May have been walked down due to a background sell - wait and see if any delayed trades appear from today. I think an II is selling from the size of some of the trades last week and last couple of days - interestingly though, we have had no TR1s since the placement, other than to reflect new holding % due to the additional shares in issue

The article OT posted ref DRAX possibly procuring pellets from a third party was written in July, this following statement was part of SAEs JV RNS in August: “ NPA will principally be involved in the marketing, production and delivery of waste derived fuel pellets to converted coalfired power stations throughout the UK, and in particular the Uskmouth project”. - perhaps I’m wrong regarding the storage of pellets for SUP? The figures don’t add up though. With the Teesside plant only producing 220,000MT per year, that’s not even enough for half of SUP phase 1. Teesside isn’t online yet so we can assume the 2nd plant is many months away still further. Additionally, if we do supply to DRAX and they are in a position to burn before SUP, what does that mean for SUP? SUP are starting from scratch regarding a conversion where as DRAX have already converted from coal to biomass. Is there a patent on the MH burners? Is this a sole collaboration with SAE for the burners? If not then could DRAX upgrade the burners to take subcoal? If so, would SAE JV supply to them knowing that it would severely
impact on their SUP project......or.......would the use of the subcoal at DRAX add much support to SUP? Many questions and avenues to explore as I’m rapid typing on my phone!

OT - I can’t see the subcoal being sold to anyone else in the interim mate. SUP requires 900,000MT per year at full capacity (Phase 2) and the Teesside plant will only produce circa 220Mt per year so the second unit they build (perhaps Manchester as that was the job advert for the manager position I believe?) will give the capacity (in conjunction with Teesside for Phase 1 of SUP. I believe they will be producing and storing and then transport to our silos once built? If any contracts or news comes of subcoal being sold to other customers from any of the UK plants, I would take that as confirmation that SUP is a none starter. Thoughts? OHS

there's my trade - the 'unknown' one which we know is a buy

Just got 50,000 at 18.50p - trade time of 12:12 when it shows up. I was quoted 18.25 earlier this morning but waited to long and then it ticked up - hope I’ve done the right thing.....again! OHS

It certainly is :( I thought my re-entry was the bottom but now I have no idea in being able to call the new bottom! I never thought I'd be in the position where I may need to average down in SAE!!!

Which article Phyl?

I’ve tried a few dummy buys over the last 30 mins and can’t get any of them to go through to a live quote

I see it as purely a market reaction to news regarding a possible national lockdown in France, raising the obvious question of who’s next, which then perhaps in particular, will affect UK based activity stocks (ie us) and we will be natural prime targets by the MMs. It makes no sense though, other than to ‘scare’ shares out of us as regardless of C19 (and I don’t mean that as a brush off of the severity of issues it has caused globally) but C19 in itself has no relevance to what SAE are doing, other than the delays it will cause. But MMs love delays and will prey on it - just look at every share (other than pharma ones) from March through June this year

I have filled indeed! Not massive boots but big enough for my feet, ha! I just got 50,000 at 20.16p - I'm not missing an opportunity like this drop to research why it's dropped though! Very happy with that (I hope!)

Morning guys, miss me? ;) My other ventures didn't reap the short term benefits I thought they could (one would if I'd sold at the same time as you OT) but I've now sold both at a slight loss to secure my pot once again, ready for my re-entry here! I promise I'll stay this time, ha! Can I rejoin the gang please?

If not OCP then who? I thought only OCP Group could be he Moroccan customer as that's the only International Chemicals and Mining company I can find HQ'd in Morocco. However, OCP Group have stated that 86% of OCP’s needs are already covered by green energy and their energy program will help them reach 100% green energy by 2028.

https://www.ocpgroup.ma/energy-program

Can anyone tie OCP Group to the Samir refinery?

Wonga - I'm struggling to find the connection between QFI and its production of an emulsified fuel mix and the need of this by an International Chemicals and Mining Company?

I asked the question a few days ago as to whether anyone had any info regarding who the Moroccan client was and whether it was perhaps OCP. So, having found this: https://www.thenationalnews.com/business/energy/adnoc-and-morocco-s-ocp-sign-long-term-sulphur-supply-agreement-1.691010 and researched a little, is it possible that to reduce the need for sulphur scrubbers, QFI have teamed up with OCP, and by nature of OCP's JV with ADNOC, to work on a system whereby the sulphur is removed from the crude oil before it is supplied to the MSAR process? I'm hopeful the much more informed on here will be able to add substance to or quash my thought process! Cheers, OHS

Biden mixed up his Presidents last night and referred to Trump as George - he’s not getting in

They will be limited in what they can say as I imagine there will be an element of client confidentiality - previous trials clients have been named but these haven’t. I read it as very good news considering the minimal content based on this

Hi Rise, I drew the information from the following extracts and from following CLON for the last couple of years:

03/04/2020
Corporate Update:
Clontarf also notes the passing of insolvency legislation that may assist in the recovery of all of our original Tano 2A coordinates. There now appears to be a legal structure enabling the authorities to recover 529km2 of the original acreage Tano 2A acreage over which Clontarf signed, with partners, a Petroleum Agreement, and which is now awaiting ratification.

26/05/2020
Preliminary Results for the Year Ended 31 December 2019:
During 2018 the Group resolved the outstanding issues with the Ghana National Petroleum Company (GNPC) regarding a contract for the development of the Tano 2A Block. The Group has signed a Petroleum Agreement in relation to the block and this agreement awaits ratification by the Ghanian government.

Annual Report:
The current status of Tano 2A Petroleum Agreement, in which Clontarf has a 60% Working Interest, is that it awaits
ratification (by passage through Cabinet and Parliament), after which there are exploration periods of 3 years initial
term, plus 2 extension periods of a total 3.5 years.

Forgetting the last 10+ years of messing around CLON have stated that the PA is with Parliament and awaiting ratification. If this is so, what are we waiting for if other agreements have been ratified during C19? Why are the BOD requiring travel to Ghana? In this day and age, there is no requirement, especially in times like these. So my question is the same; if parliament is ratifying agreements, why hasn't one that has been 10+ years in the making the first on the list?

Sam - I have bought back in - right before the jump, ha!