Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Vmax. Overall, debt is not a problem and yes I expect we will soon have more as that is how you grow business if profit is less that capital purchases.
Getting away from Lind and allowing for better negotiated terms does bring an end to the old and for that reason it is symbolic.
Now lse messages seem to be working again hopefully my messages will post.
Just wondered if the more informed on this board can confirm if Zen still have to hit a target bopd by middle of October so as to retain production licence. I went through old Rns’ and saw reference to production values circa 450-460 I think.
ANyway any clarification would be much appreciated.
For what it’s worth there is a positive rns from Ukog today.
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that operations for the new Horse Hill-2/2z ("HH-2/2z") Portland horizontal well, in which the Company has an 85.635% controlling interest, have commenced. The start of physical drilling operations or "spud" is expected shortly following completion of the rig-up process and will be reported in due course.
Drilling will commence with the HH-2 vertical pilot programme and will be followed directly by the horizontal well section, HH-2z, with a planned trajectory of around 1000m wholly within the Portland reservoir. Drilling operations are expected to be completed in approximately 60 days. The HH-2z horizontal will then be tested using a bespoke downhole electric pump, or ESP.
Immediately prior to rig arrival, test production from the HH-1 Kimmeridge oil pool was temporarily shut-in to permit a safe rig-up process and will be resumed prior to the pilot hole spud. Kimmeridge test production is planned to continue throughout the drilling campaign.
Before the current shut-in, Kimmeridge test production totalled 39,205 barrels ("bbl") of dry Brent quality crude, with average daily rates of up to 307 bbl of oil per day recorded following the resumption of production on 12 September 2019. Total aggregate Portland and Kimmeridge test production now stands at over 68,773 bbl.
Following UKOG's recent acquisition of Tellurian's 35% interest in Horse Hill, the Company now holds a controlling 85.635% interest in the field and surrounding highly prospective PEDL137 and PEDL246 licences, which continue to be operated by UKOG's subsidiary company, Horse Hill Developments Ltd, in which UKOG holds a 77.9% direct controlling interest.
Stephen Sanderson, UKOG's Chief Executive, commented:
"The journey to long-term oil production at Horse Hill has now begun. We look forward to a safe and successful drilling campaign at our flagship asset."
Bye all I've finally had enough of this company and sold up this morning. Taken a 12k loss after seeing the price tumble from my initial in price of .14 down to less than .02p. Unfortunately, like many of us I got caught up in the DL/DS/HH hype and have lost serious money across a number of their associated companies. My only question is still how are they all still allowed to be directors etc of any companies.
Anyway good luck to you al and I hope that some day this share comes good for you.
Yes, but wouldn’t it’s have been so much easier for the board to tell us that. If the company had a bit more transparency I dare say the share price wouldn’t be as low as it is, and fund raising could occur without such high dilution.
Just need this to be a major success so as to claw back some funds.
#KDNC Approval of Judicial Restructuring Plan Paves the way for the Restart of the #Amapá #Iron Ore Project #Brazil
Project forecast to deliver an average EBITDA of US$136 million per annum from US$6 million investment.
http://www.branduk.net/cadence-minerals-plc-kdnc-approval-of-judicial-restructuring-plan-paves-the-way-for-the-restart-of-the-amapa-iron-ore-project/ #ironore #miningnews #mining
Now this project would go a long way to boost the company and share price. However, it does also require some further big funds hence share consolidation and needing some big share placements moving forward. In for what are soon to be pennies to hopefully get out for pounds!!
Correct David Lenigas was on the board here during transition phase from EVO to GUN, and at a point in time when the share price was more than double the value it is today. For me we still have a long way to go before getting my money back but there is a decent chance of doing that.
Angus Energy PLC
18 April 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
18 April 2019
Angus Energy Plc
("Angus Energy" or the "Company")
Completion of Acquisition of interest in Lidsey Licence
Angus Energy (AIM: ANGS) is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Doriemus Plc's 20% interest in the Lidsey Licence, PL241 (the "Licence"), together with Its interest in and under the JOA and any wells on the area covered by the Licence (including its 30% direct participating working interest in the Lidsey-X2 production well). Accordingly, the Company has issued 8,324,024 Ordinary Shares at a price of 5.6148 pence per share (the "Consideration Shares"). As a result, Angus now has an interest in the Licence, including in the Lidsey-X2 production well, of 80%.
Application will be made for the Consideration Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 26 April 2019. The Consideration Shares will rank pari passu with the existing ordinary shares.
Following the issue of the Consideration Shares, the Company will have 467,268,232 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The above figure of 467,268,232 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Oh what great news, not. So DL really has sold off all our U.K. investments on the cheap. I dare say he will quickly sell the granted shares in both Angs and Ukog at just above issue value, if they get back up to the issued value, and plough all our funds into the Australian money pit. What a great businessman he truly is.
I bet he keeps his personal holdings until they have made him a tidy sum.
Despite trying to stay positive for the last few years I am now resigned to having lost my whole Dor investment. What a shame to see this company go this way.
Prospectus and RNS both state the need for DOR to raise funds, either through partner, loan, share issue or sell off of assets. Which option and for how much?
Rey report on Butler project shows proposed investment of $12.5mil Aus dollars!!
Other buy in option states that DOR has funding available for due diligence and development of $1m from sale of U.K. production.
Seriously need this investment to go well so we can see some improvement in share price and value. Bring on a great 2019.
In normal circumstances I would agree with not posting direct from emails and had Andrea’ response contained anything other than previously tweeted or RNS’d then I would have cut and paste relevant points. However, what I would say is that without clear provision of targets, and objectives being stuck to, the share price is on its knees and sentiment needs a boost. Any clear info form the Zenith team that will boost confidence and is welcomed.