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US oil drilling rigs have taken a battering this year and are now at levels not seen since 2005 when the fracking boom was just in its infancy.
When you consider that during all this time these rigs have produced very little in the way of profit due to drop off rates and the need to drill more just to keep the production numbers the same, and then increase drills to gain more production.
I suspect that for political reasons the US government encouraged the banks to back this ponzi scheme and they did to some tune the US becoming a major exporter to rival the Saudis. However now the chickens have come home to roost, and they (the banks) are nursing heavy losses with the political agenda satisfied Venezuela wrecked but sat on a ocean of oil, Russia proved they are more than just oil, they are reluctant to back it again at oils present level.
With a new president in waiting and a green agenda to boot I doubt we will see any meaningful revival of US shale, and the US flirt being a major exporter will be consigned to history.

https://www.bloomberg.com/amp/news/articles/2020-12-30/oil-drilling-in-u-s-ends-a-fraught-2020-at-pre-shale-era-levels?sref=866aH6XX&__twitter_impression=true

So China is setting export quotas for very low sulphur fuel oil to help meet International Maritime Organisation (IMO) sulphur requirements. But what it says nothing about is where it gets the oil from to refine and blend.
Nevertheless it looks as though as far as shipping goes there is not enough LSFO to meet demand and China sees this as an opportunity.

https://www.argusmedia.com/en/news/2172470-china-sets-export-quotas-for-very-lowsulphur-fuel-oil

Looks as though India economy is returning to pre pandemic levels, article tweeted by OPG

https://m.economictimes.com/industry/energy/power/power-consumption-grows-4-8-in-first-half-of-december/amp_articleshow/79821981.cms?__twitter_impression=true

Markets are irrational at times, can't see any reason for this sudden surge all the latest news and updates was at the beginning of December and although excellent it seems odd for this movement on no news or significant volume.

That is great news and takes the uncertainty away that this saga was going to drag on for a while longer, the strength that this cash adds to the balance sheet along with our recent $11m stage payment puts us in a very enviable position, what I wonder are we going to do with it? Hopefully not fritter some of it away on meaningless share buybacks, instead look for a nice cash generating bolt on acquisition.

This makes very good reading if you are invested here, and very worth reading for reassurance if you are uncertain, from our gold prospects, to diamonds, to heavy mineral sands its all mentioned, and on top of that reported a profit before tax.
Excellent commentary from our Chairman and Managing Director.

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=TTAU

This article highlights the significant tax contributions FXPO makes towards Ukraine's coffers which with pellet prices riding high, our growth in production and increased revenue will be welcome news to the Ukrainian government.
Even though we have issues with our major shareholder with his previous history I think our tax contributions are very welcome.
This year has been a great year to be invested in FXPO can we do even better next year the prospects are looking good.
Merry Xmas to all invested here.

https://en.interfax.com.ua/news/economic/710817.html

It's looking good for VEC and when the cash lands I hope they will look at an acquisition to add more growth to what we already have and what is already coming to fruition, when the right downs finally stop from the SKP merger it will be more obvious to to the casual observer that VEC has always been cash generating but the headline loss is what catches the eye unless you dig a little deeper.
Prospects looking bright for 2021.

With copper still riding high at near eight year highs and the sp putting on a bit of a sprint as the year ends 2021 is looking promising, being a low cost producer and with excellent management prospects certainly favour us.

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=TTAU
Looks like Brett's happy with the results to date, let's see what others and the market thinks.

This is fantastic news, now only waiting on GSK to see what they decide to do, last day for filing an appeal to the supreme court.

Sums it up rather well, I am also pleased to be up 164% from the March lows now if we had only been 20%, I might not be as happy.

Article regarding Phil Holder stepping down with Jennifer Babington moving up to non executive chairman, Phil's opinion is that Fulcrum is well poised for the future, and the experience of the new board members will see us get there.

https://www.insidermedia.com/news/yorkshire/new-chairman-for-fulcrum

Even though take over news is the headline grabber, nice to see it's business as usual in the background.

- The ME310G1-W2 is the world's smallest LTE-M/NB-IoT module for use in the 450 MHz band to achieve RED certification

- 26dBm output power helps ensure reliable connectivity for smart metering, smart grids, smart cities and smart agriculture devices -- even when deep inside buildings

https://www.prnewswire.com/news-releases/telit-me310g1-w2-lte-mnb-iot-module-for-450-mhz-receives-red-certification-301192483.html

Apart from the delays to Rhum, everything else is going swimmingly well, so the market is not impressed that will do me, it's not often you can come across a business coining it and is not appreciated, perhaps the market will wake up when our figures are next released early next year.
Nothing to get stressed over here

It may well turn out to be, Vietnam has close links with Japan with communities in both countries, I have seen that some some state owned companies in China are defaulting on loans, suggestions have been made that some manufacturing capacity could be moving to Vietnam as a cheaper alternative from China, so it looks like the future is bright for Vietnam.
In turn that could be great news for JSE as I am sure Vietnam will require and need their power resources on demand as and when they need them, which as events are unfolding could be sooner rather than later.
The Vietnam deals may well be nearer closure than we think.

So Jadestone managed to get this $12m deal over the line earlier than expected which is good news, as per usual Jadestone had sent staff to Lemang to work along side their new colleagues prior to completion of their 90% working interest as detailed below.

Paul Blakeley, President and CEO commented:

"I am delighted to complete our acquisition of the Lemang PSC, and to re-establish our operating presence in Indonesia. The asset adds balance and diversity to our portfolio and creates an opportunity to develop high-value gas for an energy-hungry region; a region which is otherwise increasingly dependent on coal to meet its growing energy needs.

"We will maintain a measured pace toward development spending, but look forward to resuming investment into a jurisdiction and basin we know well, through our team's prior involvement in the South Sumatra region."

Through the secondment of Jadestone personnel into the Seller's organisation, leading up to deal completion, the Company has already begun work to instill the Jadestone operating philosophy and efficiency-oriented culture. Key discussions are also underway in respect of future gas sales arrangements, so as to commercialise the Lemang PSC's 2C resources of 55.2 bscf sales gas, 2.2 mm bbls of condensate, and 5.8 mm boe of liquid petroleum gas1, as efficiently as possible.

One thing that can't be overlooked here is the fact that the sp five bagged when SQZ acquired the new assets and has more or less moved sideways since.
Maybe the market thinks that's enough until you show us some more growth, so that doesn't mean this is a bad investment its just means patience is required until inevitability a acquisition appears or our endeavours coming up next year bear fruit.

Missed the presentation yesterday, the market seems to be happy with what was said, share buybacks not a fan think they favour the management more than pi the figures get massaged to allow payments on performance of eps.
I would be more than happy that if they had any spare cash just pay the debt down.
Its pleasant to see the sp heading back up so no real complaints, they have managed the crisis really well.

Goldman Sachs very bullish on Copper as they tip the metal to go higher and in time test the all time highs of 2011.
At least it's positive but I wouldn't just take their word for it.

https://www.kitco.com/news/2020-12-08/Goldman-Sachs-are-bullish-on-copper.html