Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Research:
Not forgetting the HE1 CPR update for the Tai licences which was commissioned after the Hannam valuation.
In May 2023 HE1 RNS, so before the current Itumbula West drill which has much more data:
Highlights:
· The deterministic sum of the unrisked estimates of 2U1 net helium prospective resources in the report is 2.8 billion cubic feet ("Bcf") and the deterministic sum of the unrisked 2U1 total gas prospective resources is 212.2 Bcf across the combined intervals of the Lake Bed Fm, Nsungwe Fm, Karoo Sandstone and weathered Basement.
· This demonstrates a 61% increase in the original resource estimate from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd.
· The deterministic sum of the 3U2 net helium prospective resources is 7.1 Bcf in the ERCE report, which is a 30% increase from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd.
· The deterministic sum of the unrisked 3U2 total gas prospective resources is 437.8 Bcf in the ERCE report, which is a 294% increase from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd.
· These substantial increases are the result of more detailed interpretation of the additional 2D seismic data acquired across Tai in 2021, and the Company's improved understanding of the structural closure.
Here's the detailed report - some very good data here:
https://www.helium-one.com/wp-content/uploads/2023/05/230519_ERCE-Tai-Helium-Prospect-Report-FINAL-client-release-signed.pdf#new_tab
Research: Well worth reading the 30/6/2023 accounts - as published on 14/11/2023 - below is from Lorna Blaisee - her first CEO report - and obviously before drilling Itumbula West:
"In December 2022, the Company completed an analysis of its proprietary high resolution Falcon Airborne Gravity Gradiometry and aero-magnetic data over the Balangida Rift Basin ("Balangida") in collaboration with Getech. This work will lead to further helium gas exploration target generation in Balangida, widening the Company's opportunity in Tanzania. This same workflow was subsequently applied to a regional dataset over the Eyasi Rift Basin and has enabled the team to evaluate the prospectivity potential in both basins, after gaining an improved understanding of rift geometry and subsurface structuration.
Balangida has shown high-grade helium macro seeps enriched with other high-value noble gasses. Recent field work sampling showed 6.2%-6.4% helium and 2.0% argon. The study enabled us to increase our knowledge of depth to basement and sediment thickness whilst providing a greater understanding of rift geometry, basin evolution and subsurface structure to aid in future exploration programmes.
In May 2023 the Company completed an independent verification of the prospective resources of the Tai Prospect (Tai). The evaluation of the total gas and helium prospective resources, and completion of a Competent Person's Report ("CPR") for Tai has been carried out and issued by reserves auditors ERC Equipoise Ltd (ERCE).
The unrisked best estimate of helium estimated to be potentially recoverable from undiscovered accumulations ("2U") in the report is 2.8 billion cubic feet (Bcf) and the 2U is 212.2 Bcf across the combined intervals of the Lake Bed Fm, Nsungwe Fm, Karoo Sandstone and Weathered Basement. This demonstrates a 61% increase in the original resource estimate from the previous 2020 CPR completed by SRK Consulting (Australasia) Pty Ltd ("SRK").
The unrisked high case estimate of helium estimated to be potentially recoverable from undiscovered accumulations ("3U") is 7.1 Bcf in the ERCE report, which is a 30% increase from the previous 2020 CPR completed by SRK. The deterministic sum of the 3U prospective resource is 437.8 Bcf in the ERCE report, which is a 294% increase from the previous CPR referenced above.
These substantial increases are the result of more detailed interpretation of the additional 2D seismic data acquired across Tai in 2021 (from Phase II and Phase II seismic surveys), and the Company's improved understanding of the structural closure.
These results support the work completed by the Company's technical team and demonstrates our technical competency in prospect maturation and identification. Tai remains the best-defined prospect within the Company's portfolio and highlights the opportunity to maximise the economic potential of helium in the Rukwa Basin."
https://polaris.brighterir.com/public/helium_one/news/rns
Do the numbers - see slide at 18 mins
Revenue: 350,000 x $600 conservative (rate has increased from $400) = $210M less cost $20 x 350,000 = $7M = profit $203M per annum. CAPEX $50M recovered in 3 months...........extraordinary.
Do not post much these days, too much noise for my liking. But as I recently spent some time catching up on research - this is an excellent video from just over 12 months ago with ex CEO David Minchin. There is a lot of quality information here with clues where HE1 is heading. Even more so after preliminary results from Itumbula West. The business model outlined at 18 mins is potentially phenomenal. David is also very complimentary about Lorna's technical ability. It's 30 mins long so grab a coffee.
https://www.youtube.com/watch?v=CLhAwmGlCos&t=1822s
my tuppence worth.
keeping a close eye on developments with rrr, rarely post these days. can't be doing with the continuing moaning about losses many years ago, ****ging ab off the whole time, in fighting etc. what happened all those years ago happened, naysayers need to move on. i can hear them now, "we are only here to warn of the potential pitfalls investing here". well the points have been many times, very tedious and now monotonous - but aim by it's very nature is an extremely risky market and those who invest must decide themselves if it is for them. that includes a risk assessment if a particular ceo has the ability to execute. do date ab has a great set of assets, can these be converted? personally it looks close.
i am also not a great fan on of ab and have not invested here until very recently. but imo from where we are now the risk versus reward cannot be ignored. rrr have a tremendous set of assets and it is clear imo that something very good is starting to unfold - probably on a number of fronts. he is building a new team around him. right place, right time springs to mind. (the drc cash would be very nice but probably not essential if things pan out on other assets near term - but expecting this cash will arrive at some point - i like the way ab has approached this settlement, should bare fruit - gaining plenty of support/respect in difficult territories, bodes well for current and future rrr african projects).
so naysayers, either look at todays price as a gift from ab to recover all your losses (and probably a good deal more) and buy as much as you can afford (to lose) or leave this now to those who see the enormous potential. of course the irony is that it is because of ab why the sp is so artificially low and therefore why the risk reward is massive. no one believes what he says. now there's the opportunity, gift horse!
i have a good feeling that ab might actually very soon have a lot of fans! the roller coaster cycle of aim......
good luck to all genuine investors here who also see probably a once in a lifetime opportunity unfolding. i'll post again when we get to 1p, shouldn't be too long, imo of course. but on the other hand if i lose my investment, that's down to me not ab.
Tomco/Valkor/Greenfield do not own any rights to the CORT technology or plant designs etc. All rights vest with Petroteq. That was clearly spelt out in the original licensing agreement:
“ The License will allow Greenfield to use Petroteq's oil sands technology, which includes Petroteq's processes for the recovery of oil from oil sands, patents, other intellectual property and know-how, in any future oil sands plants built by Greenfield in the United States. The License also clarifies the ownership of any intellectual property developed as a result of the POSP upgrade and associated trials or otherwise developed by Greenfield in the future. Any such intellectual property will be the property of Petroteq and pursuant to the License, Petroteq will grant Greenfield the ability to utilise such intellectual property, together with any additional intellectual property developed by Petroteq, in accordance with the terms of the License.”
https://ir.petroteq.com/news-presentations/press-releases/detail/366/petroteq-energy-signs-non-exclusive-multi-site-license-for
....where has it been published that it was do with US security?
That is of course the general speculation but is there any evidence to confirm? Bearing mind also that Viston used the two of the biggest law firms and CFIUS renown experts. So are you saying they got it wrong (the risk being identified from the outset as CFIUS was a condition of the offer to be met), not least Viston paying millions of legal fees along the way. There is likely to be more to this - one day we may fully know reason. Maybe the annual CFIUS published data may give clue.
Viston withdrew from the offer because the main condition of their offer was not met ie the CFIUS application was rejected:
"Viston and the Offeror have withdrawn the Offer following an evaluation of recent developments in connection with the Offer, including, without limitation, the rejection by the Committee on Foreign Investment in the United States of the joint voluntary notice submitted by the Offeror and Petroteq in connection with the Offer. As a result of such developments, Viston and the Offeror concluded that several conditions to the Offer (as restated in the Offeror’s Fifth Notice of Extension dated July 22, 2022 under the heading “Conditions of the Offer”) are incapable of being satisfied or are likely to be unsatisfied as of the scheduled Expiry Time of 5:00 p.m. (Toronto time) on September 9, 2022."
Why it was rejected has never been made public.
HL have issued this:
Important information about your Evraz Plc investment
Earlier this year due to the sanctions placed on Russia, Evraz Plc was suspended from trading. Following this suspension, on 18 July 2022, Evraz Plc informed the market their registrar, Computershare, will be terminating their registry and associated services on 19 August. From this date the register of shareholders will be held by Evraz Plc themselves.
This means after 19 August holders of Evraz Plc shares will no longer be able to trade the shares with HL or other similar investment platforms once any suspensions currently applied to the stock are lifted unless a new registrar is appointed. All trades will need to be processed directly through Evraz plc.
As an alternative, Evraz Plc has confirmed shareholders may wish to withdraw their Evraz Plc shares into share certificates where possible.
What does this mean for your Evraz Plc shareholding with HL?
Evraz Plc shares held in your ISA, Lifetime ISA or Fund and Share account
If you wish to withdraw your shares into a share certificate from this account, the easiest way to instruct this is on our website. We can’t accept instructions by post or the HL App.
When logged into your account click on My Accounts in the top right-hand corner
Select the account the shares are held in e.g. Stocks and Shares ISA
Click the dark-blue icon to the right of your Evraz shares and follow the steps.
You’ll need to do this by Midday on 12 August 2022. However please be aware that this deadline is subject to change at the registrar’s discretion.
If you hold shares in more than one of the above accounts, you’ll need to give a separate election for each. You’ll receive the market value of the shares on the date of the withdrawal. We’ll send you the physical share certificate and it’ll be with you in around 2 – 4 weeks.
IMPORTANT – By withdrawing the shares from your ISA or Lifetime ISA you will lose the associated tax benefits for the share’s value. For Lifetime ISAs you will also be subject to the government’s 25% withdrawal charge.
We ask that you review your personal information to ensure it’s accurate (most importantly your name & address). If any amendments are required, please contact us urgently so we can rectify prior to the withdrawal.
If you choose to do nothing
The shares will remain in your account and you may be able to trade these in due course, when the relevant sanctions have been lifted and if Evraz Plc appoints a new registrar.
We understand the frustration this may cause but hope you can appreciate this situation is out of our control.
This letter is not personal advice. If you’re unsure what’s right for you, please seek advice. All investments can fall as well as rise in value so you could get back less than you invest.
If you have any questions please respond to this message or contact us on 0117 900
Commenting, John Potter, CEO of TomCo, said: "We are delighted with the findings of NSAI's Report. The Report serves to confirm our view that the TSHII site contains substantial economic resources, both in terms of oil and marketable sand, that we are focussed on seeking to exploit.
"Greenfield continues to progress its previously announced plans to pursue both the drilling of certain near-term oil production wells and, thereafter, the potential acquisition of the balancing 90% of the Membership Interests in TSHII and construction of its first commercial scale plant on the site, all of which remain subject to securing the requisite funding. We look forward to providing further updates in due course."
So today’s news - land swap - means that Petroteq and Valkor now have a 50/50 Joint Venture on future 5K plant(s) on Asphalt Ridge NW acreage.
Good defence to Viston bid. Makes financing much easier as oil content % double on this acreage- not forgetting that ore from this same site was used in the FEED process.
Finance in place for first 5K plant next news? Fingers crossed, regardless Viston won’t like this move. It also shows that Valkor supports Petroteq - so as largest Petroteq shareholder no tendering shares from Steve Byle . Very good.
QS - I wish it were part a cunning plan but unfortunately they have bought this TMX cease trade order on themselves. Hence the new CFO.
George Stapleton COO said in one of his last public announcements before TMX cease trade order that Nasdaq was not off the cards (much of the paperwork having been filed) but still premature. I therefore doubt that Haywood see this as one of their Viston defence tactics.
HL confirmed that zero value because TMX currently delisted. No accurate pricing. Standard HL approach.
Todays price on OTC nearly 18 cents USA, which is equivalent to nearly 23 cents Canadian . Last TMX price closed at 19.5 cents Canadian. So as of today 18% catch up on TMX when re-opened. Hopefully a substantial amount more when Haywood issue the valuation etc and then TMX reopens.
hard work this, lol
https://www. d i r e c t o r s t a l k i n t e r v i e w s .com/
https://www. ***************************/ tomco-energy-10-stake-in-tshii-base-to-accelerate-plans-on-multiple-fronts-interview/4121034161
https://www.***************************/tomco-energy-10-stake-in-tshii-base-to-accelerate-plans-on-multiple-fronts-interview/4121034161
Think they have much more important and immediate priorities right now. Their response to Viston hostile bid needs to be issued by next Tuesday, very latest. Everything hinges on it.
It will be very interesting what they say to Petroteq shareholders as everything needs to be backed up and verified (SEC rules). I am particularly interested in the independent valuation of the IP. Likely to be a very large number.
Go to Petroteq Twitter page - 20/10/2021:
“Another milestone has been achieved.
An independent third-party valuation of PQE Technology and economics is to construct a 5,000 BPD oil refining facility.
Make sure to follow @PetroteqEnergy for more corporate updates.
#pqeff $pqeff #petroteq”
We should know very soon the valuation of the intellectual property for the world first Petroteq technology. Petroteq recently announced that they had instructed independent valuation. Have no doubt this will be included in the Board response to Viston hostile bid. This response to shareholders is required under SEC regulations by next Tuesday at very latest - could come earlier.
Very interested to hear what Petroteq are going to say in their defence to the 0.74c offer. Confident that Viston offer is low ball and very opportunistic.