Member Info for pawnsacrifice

True but the press and greenies will be going for them bigtime now Bidens in imho.
Taste of the press on this and he's only been in a couple of days..

Trump sold off the Arctic Refuge — Biden can help save it...
https://thehill.com/opinion/energy-environment/534420-trump-sold-off-the-arctic-refuge-biden-can-help-save-it

re this staement..
"In this case, it would appear to me,that PRD are privy to some forward guidance that new and renewed licenses will contain a requirement to use CO2 EOR."

Stated in the RNS that is likely to happen. Hopefully will give them a captive market for their services there.
"Enhanced Oil Recovery is likely to become a key component of work programme commitments required to extend Incremental Production Service Contracts."

May not be a saleable technology but they do have interested parties thinking of using the tech to enhance their wells and (presumably help with green credentials now Bidens in)

"Capitalising upon this proven, fully integrated, working business model, expertise, and the exclusivity of liquid CO2 supply by introducing a fee-paying and profits-sharing service under the commercial model established by the Company for Inniss-Trinity CO2 EOR, is now a practical near-term objective of the Company. Five in-country operators and two international State oil companies have made initial exploratory approaches to assess suitability of CO2 EOR for some of their producing, mature, oil field assets."

Wonder if one of the 5 local oilers is trin? They have been more green thinking in recent RNS's.
Should imagine with Biden in there'll be quite a few oil co's large and small ringing up to find out how much it costs to shove s some co2 down their wellstock just to keep the greenies off their backs.

re the gas project the price of gas is only going one way at the mo due in no small part to the very harsh winter much of the Northern hemisphere is experiencing.
The below makes for interesting reading on the state of play for prices.
https://newsbase.com/story/nrg-lng-spikes-political-swings-and-new-technologies-200660

Agree excellent update and they can progress all these plans with funds already available.
Should be a good year!

Happy at 1.7p for the options. The cynic in me says we can have our news now they're sorted too which would be a bonus.

They're all on the phone to zak asking where their 4p's gone.

Shame she hasn't been on to update after appearing here with the questions.

Agree AUM was needed . Presuming these will drop on this when is the next update? Will need one giving AUM and and finance for the sp to recover properly imho.

Interesting update. Those 2.5p investors coming back onto the scene? Can understand it with the oil price having risen so much recently.

"We are already at advanced stage of cooperation with the Fleet team to jointly progress a number of compelling opportunities to enhance our portfolio, as well as exploring potential project financing from certain Middle Eastern financial institutions for our intended operational activities during 2021."

Thanks Florida, $4.8m from the Tunisian assets is better than I'd hoped for.
Can see why he's say no placings. ZEN sounds in danger of being rather well cashed up soon.

Market discounting Amapa to near zero even with the cash held in escrow?
Reckon this Kiran needs to address some credibility issues so the sp can move forwards.

Thanks Fakevenues.
They know how to start a presentation...
"Production Potential of 2000-3000 BOPD during 2021."
Looking forward to it AC!

Thanks Cause17, appreciated..
Will have a read.

Has the presentation been pulled or is it just me can't access it?

http://www.cadenceminerals.com/wp-content/uploads/2021/01/Corporate-Presentation-KDNC-JAN-2021-PUBLIC.pdf

Stopped watching these over xmas. Any reports from the site on whether they're flowtesting yet?

The investor took the warrants yesterday? Yes above market price for the shares, good to see such confidence and a bitmore cash in the bank for zen.

Can see why he's upset. aaog sold an awful lot for that $200K.
$5.7m debt from SNPC
$3.1m court case to chase in France from the previous drilling firm
and on top of that Tilapia to drill with a chance of 5K b/d.

Think he'd be better off buying a few zen shares so he can share the gains to come than sulking but that just a personal opinion.

Sounds like back to back drilling with - all things being equal - very nice production figures to come from each well.
Been a long wait for this with UOG glad they've got there.