Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Reads well and from the news article Culp appears to be large.
HEIQ EXPANDS APPLICATION OF HEIQ ALLERGEN TECH TO UPHOLSTERY FABRIC THROUGH COLLABORATION WITH CULP
May 7, 2024
HeiQ partners with Culp to apply HeiQ Allergen Tech, a 100% biobased* solution that reduces allergens on textiles, onto interior upholstery fabric.
HeiQ, a leader in textile innovation, announces the extended application of HeiQ Allergen Tech to bring the benefits of this biobased textile technology to the interior upholstered furniture market, marking a unique launch into this segment...
https://www.heiq.com/news/heiq-expands-application-of-heiq-allergen-tech-to-upholstery-fabric-through-collaboration-with-culp/
Good to see them starting to get the message out already and to put a face to the co imo..
https://stockhead.com.au/stockhead-tv/long-shortz/long-shortz-with-greenvale-energy-amadeus-basin-triple-play-helium-hydrogen-and-hydrocarbons/
Imagine they'll RNS when they have finance.
Re Mt Winter1 should be taken onboard they're after the hydrocarbons ae well as the helium. helium has become popular but they had 67m's of oil shows too which I believe they can exploit if helium is a no show at that location?
"Fig.5 Local Geology & Seismic Grid-the Grid is connected to a track leading to a main road so access for additional surveys and drilling should be reasonable.
Several significant oil shows were encountered in Mt Winter #1:
a. The basal Stairway Sandstone 150m-190m (40m) with bright blue white fluroescence and a moderate to fast yellow cut; oil was also reported in the drilling mud over this interval;
b. Sporadic poor shows in the Horn Valley Siltstone source beds;
c. Live oil in sandstones of the Johnny’s Creek Beds 1,734m-1,761m (27m); this
occurred with common heavy black residual oil exhibiting yellow fluorescence and instant yellow to green cut. Gas up to C6 (hexane) was also recorded in this interval.
Some comments were made in the Mt Winter #1 WCR that some of the more porous and permeable sections in these intervals may have had oil displaced by drilling fluids further into the formation; a common occurrence when onshore drilling in Australia was dominated by water gel barites mud types which were frequently overweight.
The few recordings of mud weight were in a range approaching 9 ppg, ie definitely moderately overweight for a saline marine formation fluid and possibly heavy enough to displace oil into the formation."
https://charlesstreetsecurities.co.uk/Resources/Georgina%202.pdf
Page 10
Last RNS had them cashed up aimless1 with the US plays to be to be funded by cashflow...
Cash position
As at 31 March 2024, Mosman had cash at bank of circa AUD$0.82 million.
Andy Carroll, CEO, said: "I am pleased to see increasing production in USA providing revenue and cashflow whilst we progress helium, hydrogen and hydrocarbon exploration in Australia."
Not bad imo. €720,000 contract over three years and they put it out as a "reach" announcement.
Each to their own but still prefer msmn. Australian based so no worries about being caught up in any uprisings, huge resources split between two plays and stupidly low priced thanks to the markets not believing their farm ins will ever get across the line.
That's a handy loan and seems a good rate too. Should help with drilling presumably this year?
Croatian Geothermal Licencing Round Update
Star Energy (AIM:STAR) is pleased to announce its Croatian subsidiary* has been issued with two highly prospective geothermal licences by the Croatian Hydrocarbon Agency, as part of the current licencing round announced on 28 December 2022.
"The two licences, each with an initial five year exploration term, SjeÄe and PÄelić, are located in the Drava depression geological region (the southwestern area of the Pannonian basin), the same region in which its recently acquired Ernestinovo licence is located. The licence commitments are to drill four and three wells respectively, however given the density of existing data on the licences, it is expected that only the first well on each licence will be an exploration/appraisal well."
Looking forward to results where hopefully we'll find out how quickly they plan to move on this as well as results from ernestinova.
"Every single strategic decision has failed."
Not quite true, not unless they lose all the court cases they have ongoing with the different countries that have broken contracts with them.
How much are they suing for in total? I know its a lot but lose count at times like this.
The section on helium starts at around 1 hour 41 mins. Apparently they believe they've already found the sweet spot, one which intersects the hydrogen, helium and gas plays.
https://www.bigmarker.com/read-corporate/RRS-Gather-Round-Third-Quarter?bmid=72b3fa685ee3&bmid_type=member&bmid=72b3fa685ee3
I had a gander at the coal hub to see if I could warrant a buy on the back of a recovery in the metcoal price but noted even aussie coal is off- now $245/T from c. $350/T not so long ago.
Even China's slowing down on purchases.
Sad days for producers much preferred our $400 days.
More good news imo, not a contract but partnering with cisco all the same.
Geothermal looks to have a decent chance of being very successful in Croatia. Worth reading up on the countries attitude to this tech as they intend to use it to supply europe with green energy.
Much more interesting than I initially thought anyway.