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Taken from Rns
· The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than November 1, 2023.
Art may well have been a stumbling block and gone at the request of the purchaser, things looking brighter in my eyes
PURCHASER
Just need some Comms from our new leader now, and of course a raising SP
What happens if Production goes up enough to service debts? Possibly at that point already,
Our man Artie may well just decide to go at it alone
Im In full belief Production will rise, but as for Jv i cannot see it before Christmas, on 15th Aug Company said work on a possible Jv (not finalise), and non binding Loi does not give me confidence
And the "only need to find a pen" made me laugh Shouston, heard this before only to be told its now going to get wound up
Wildboar1
I see the silence as a total lack of respect for the LTH's of which kept the company afloat,
As for a JV could be announced at anytime, I'm not holding my breath
a NON BINDING Loi for me does not say anytime soon (a loi is nothing), ive been in company's with muliple Mou's and nothing ever materialised
Think about Opl226 only needing a pen, now winding it up after all them placings
And yes I am holder of many years for my sins.
Through this much-needed funding, our company was able to offer work to 16 individuals who live in the state of Wyoming,” said Gabe D’Arthenay, Operations Manager for Southwestern Production Corp. “This project provided not just additional employment opportunities in a time of need but also a much needed boost to the Wyoming economy through the increased oil production that will be realized from this work.”
Southwestern Production Corp estimates an additional 97,500 billion barrels (bls) of oil will be produced over the next year due to the conversion of a well to an injection well inside their Enhanced Oil Recovery Project in Converse County. That equates to $4.875 million in gross revenue for the company at $50/bbl.
“This additional production will provide increased revenue to the State of Wyoming as well as continuing employment opportunities due to the anticipated continued success of this project,” D’Arthenay added.
2023-07-10 21:07
2023-06-29 $XOP Anavio Equity Capital Markets Master Fund Limited
3 - 10% Security Holder of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $-2,195,103.7941
-51,407,583 vol
$0.0427 each 0
I voted through Aj bell on the 18th cut off date, only to receive a email on the 22nd saying I had missed the deadline, but they will see what they can do
This happened on both my Aj bell accounts
So unsure if my votes counted
Deutsche Rohstoff AG: 1876 Resources acquires gas gathering pipeline infrastructure
USD 14 million purchase price/infrastructure improves acreage development cost structure
Mannheim/Denver. 1876 Resources, formerly known as Cub Creek Energy, signed a purchase and sale agreement and simultaneously closed on the acquisition of existing gas gathering pipeline infrastructure on its Powder River Basin acreage in Wyoming. Under the purchase agreement, approximately 59.3 kilometers of pipeline and surface tanks and equipment will be acquired.
The pipeline connects all of 1876 Resources' existing well pads and gathers other operated gas production in the region. Currently, the pipeline has a capacity of 5,000 mcf/day and can be expanded to 10,000 mcf/day in the near-term.
The investment will have multiple positive implications for 1876 Resources:
1876 plans to drill 11 wells in 2023 and 2024 according to Deutsche Rohstoff AG's guidance and is evaluating additional plans to expand its drilling program in the coming years.
Could this have anything to do with us?
https://uk-finance-yahoo-com.cdn.ampproject.org/v/s/uk.finance.yahoo.com/amphtml/news/deutsche-rohstoff-ag-1876-resources-130728084.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16850138284663&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fuk.finance.yahoo.com%2Fnews%2Fdeutsche-rohstoff-ag-1876-resources-130728084.html
Seems coincidental with the timings
Well thanks for reply, just I heard a rumour of a
Depot in Doncaster getting shut down and plenty of restructuring going on (Cost cutting)
When I suspect its at the bottom I will be in, because also believe the bounce will come