Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for the info.
Btw there is a 100k buyer at work so some ones loading up!
could be, something has got it going.
If an insurer say now lowers my premium, because i have one, and in the long run i save money and get additional piece of mind then yes, i may buy one at that cost.
I think the detail is in the contract and what the support & maintenance contract value equates to per unit/customer that signs up. That could be substantial and will certainly be pushed hard as an additional sell by each insurer i would imagine.
I guess another RNS detailing a contract with Direct Line is also on its way!
Yes, in addition to unit costs, some form of support & maintenance subscription seems to be the format which means further long term revenue.
Just gets better and better, glad i took my position today. Here's for a nice re-rate steady rise realising the significant news . . .
The contract will see Admiral provide 20k customers with a LeakBot in 6 months from July
At £149 per unit, the amount acquired for customer rollout equates to ~£3M alone!
That's only a subset of customers and just one insurer
' . . confident of finding a suitable successor with payment services experience'
Sounds obvious to me a lift and shift to allow for a new pedigree of CEO to maximise growth and value
RNS Number : 6998O
Clontarf Energy PLC
14 June 2022
14th June 2022
Clontarf Energy plc
("Clontarf" or "the Company")
Sasanof-1 well completion
Clontarf Energy plc (AIM: CLON), announces completion of the Sasanof-1 exploration well, located 207 km northwest of Onslow, Western Australia:
The Operator, Western Gas ("WGC") has provided the following update and review:
· The Sasanof-1 exploration well was drilled by the Valaris MS-1 semi-submersible without incident. The rig has de-mobilised from the well location, and departed exploration permit WA-519-P on 12 June 2022.
· The well has been plugged and permanently abandoned, with wellhead infrastructure removed.
· The well was drilled to a total depth of 2,390 metres on 5 June 2022 and intersected the Lower Barrow Group target sands at a depth of 2252.9 metres true vertical depth sub-sea (TVDSS), just 3.9 metres below the pre-drill prediction.
· A preliminary evaluation indicates 40 metres of net sand was encountered. However, logs confirmed that the sands contained water, and no commercial hydrocarbons were detected.
· Initial technical analysis indicates that the expected western seal of the targeted stratigraphic trap was breached allowing migration of gas out of the Prospect.
· As planned, the well cost under US$25 million with a duration of 25 days.
WA-519-P BLOCK PROSPECTIVITY
The WA-519-P Block remains highly prospective, with material leads identified in the proven Lower Barrow Group and Triassic Mungaroo plays, as well as play opening leads in the Jurassic "Perseus" Syn-rift.
Clontarf and its joint venture partners intend to review and assess these leads with a view to progressing them to prospects, utilising data from the Sasonof-1 well, to support future exploration and targeted farm-out discussions.
COMMENT - CLONTARF ENERGY
"Sasanof was drilled on time, on budget and without incident, which is testament to the hard work and focus of our team, contractors and world-class service providers."
"We also acknowledge the support of our joint venture participants - Western Gas, Global Oil and Gas, and Prominence Energy."
"Clontarf will retain its 10% interest in the WA-519-P Block and will work with its JV partners in further evaluating the remaining exploration targets within the field, with a view to commence targeted farm-out discussions."
"While Sasanof-1 did not intersect commercial hydrocarbons, we did show that a consortium of juniors can identify, work-up, fund and drill a high potential gas well in over a kilometre of water depth."
"The partners will review deeper targets on this Block, utilising the Sasanof-1 well data, to progress new prospects through targeted farm-out discussions".
"Recent geopolitical events show the need for Europe and Asia to secure additional LNG supplies. This requires exploration and development of additional gas reserves in reliable locat
compared to 19,946,114 existing shares acquired @2.75 2 days ago!
Not sure of seeing 10p but then again ...
New funding ~ £1M (please correct me if I am wrong)
Existing shares acquired @2.75
New board member being appointed imminently
Talk of a Lithium investment in play
Debt relaxation to realise share holder value
AAM sale DD possibly back on track in light of the improving Covid situation
I believe this correct after todays additional financing??
Probably a lot more than the 6M mkcap it is now, thats not even considering the developments in SA.
JA mentioned he was always hesitant to release news due to all the unexpected delays and the fear of disappointing share holder. During this interview however he was full on confident to update all holders and said FO and Funding was imminent. That no BS and factual, all in the interview.