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Uranium prices soared to $106 per pound in January, the highest since 2007 as mounting setbacks to supply coincided with increasing demand. Kazakhstan’s state-owned Kazatomprom, the world’s largest uranium producer, stated it would be unable to meet its production target for the next two years amid a shortage in inputs and construction issues. This added to Canadian Cameco’s outlook downgrade in September due to issues in key mines and uncertainty over French Orano’s output due to Niger’s military coup. Additionally, Western utilities continued to voluntarily shun Russian uranium imports due to its invasion of Ukraine, while the US moved closer to banning its imports. In the meantime, ambitious decarbonization goals drove the US and 20 other countries to announce that their nuclear power will be tripled by 2050. The large bets on nuclear energy are led by China, which is building 22 of 58 global reactors, while Japan restarted projects to increase nuclear power output.

3.4m just shown from yesterday...on top of the 3m.

You would think these institutions holding chunks of stock in BOR, they would provide project finance to get Darwin going into production. it's not like it's a high risk project. All the work and costing has been done for Phase 1 and it's cheap and quick payback in comparison to other offshore projects. I'm sure they could provide a £500m facility at a favourable interest rate they would do nicely at and also make a stonking profit on their holdings. Why would they not? They'd make loads of money. Just seems the logical thing to me. I note that Damille have shared their holding 50/50 with Creselly..Maybe they are thinking of funding Darwin between them and Creselly needed half of Damilles holding to provide equal amount of finance, spread the risk between them and profit equally in a sp rise...otherwise why get involved? Perhaps this is the reason, to provide finance? Something is going on. They are not getting involved for nothing.

Uranium $106. Soon be $110....$150....$200

NEO 0.8p shurley shome mishtake.

Shell have now halted all shipments through the Red Sea. I doubt they will resume anytime soon. The Houthis can fire missiles whenever they like. What this means for energy security and the rising cost is that new reliable sources of oil and gas need to be found quickly. There aren't many, if any large discovered fields that can be fast tracked. They're all going to take years to come online. Falklands is about the only place that can supp;y oil and gas for the next 30 years at high rates and quickly. Some heads need knocking together to get this farmout done. No excuses.

Got to be an increase in sp from these lows. Majors and independent oilers are just looking for offshore high barrel exploration opportunities. Borders has done it all for them with a discovery and production ready to go, no exploration. It's got to be on their list of stand out opportunities. A farmout deal does take time, but must be nearing completion by now.

LNG is nothing to do with Aminex. It's KS Energy that signed the MoU. It just happened to be the same day as the GSA signing.

Offshore industry is booming with deepwater drilling. Got to be Border's year. Too much going it's way for it not to be.

https://oilprice.com/Energy/Energy-General/Offshore-Oil-Is-Booming-With-Vessel-Markets-Near-All-Time-High.html

Https://www.mwananchi.co.tz/mw/habari/kitaifa/mikataba-miwili-ya-gesi-asilia-yasainiwa-tanzania-4488020

Forget about the pipeline. It's the 3D results, CPR and the drilling we want. The pipeline will just happen while all the other stuff is going on now that ARA are helping the Tanzanian authorities on building it. Next news will either be development licence or CPR, followed by rig contract.

Broken the tonne $102

Looks like things are going to get worse in the Middle East. The worlds oil and gas and commercial shipping goes through the Red Sea and Suez canal and Iran and Yemen are going to do all they can to disrupt it. Energy security and supply is going to take a hit and this will go on for years. Too many missiles and bombs flying around for oil companies to not be looking at going down to the Falklands. Much safer bet.

All these difficult places in these oil regions and the Falklands with billions of barrels goes undeveloped. For how much longer?

Iran have now seized an oil tanker and taken it back to n Iranian port. They thought it was a US tanker. But turns out it is Greek.

The 3D will show up all the gas. It will be glowing over a huge area. The channels and lobes are under high pressure. Could get a double upgrade once CH-1 well is drilled as it will be based on the 3D.

The fact they will be drilling off the £D o CH-1 will be optimal in regard to channel thickness. They will be able to drill the thickest part of the reservoir and hit a huge amount of gas which will maximise flow rates. May get 30-50MMcf/day flow from CH-1. NT2 reservoir was updip NT1, and NT2 had thicker reservoir but was damaged by the mud and only produced at 20MMcft/day, Still pretty good. NT!1 produced at 20MMcft/day from just 3m of the top of the reservoir. The fan and channels at Ntorya or 'lobes' are high energy sands, so the gas is under high pressure which means more volume of gas. The CH-1 drill will be exiting for these reasons.

I'm wondering if Mr Calgary is going to drop a holdings RNS. He's been gathering quite a few over the months.

Announcing the start of pipeline construction will be another catalyst.

ARA haven't been able to get on and do anything on site until the GSA and the Development licence is signed, so the delay in the pipeline is inconsequential if the wells are not ready to produce gas. However, at least ARA are assisting the Tanzanian authorities to expedite the construction of the pipeline as soon as possible.

Steady rise is fine by me. I don't like sudden spikes like yesterday. It's just the day traders trying to make a few tuppance in one day. Steady small rises until the next news which is very soon.