Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
204.00 +9.00 (+4.64%)
12:26:20 - Real-time Data. Currency in GBP ( Disclaimer
https://uk.investing.com
Columbus Energy Resources
"Columbus has been instructed that the Ayoluengo field has to be decommissioned which comes as quite a surprise to CERP as they thought they were going to be asked to re-tender the La Lora Concession. There are no problems with decommissioning costs as they are provided for in the accounts and ‘no material cash expenditure is expected to be made by the company’. Whilst the company is ‘considering its options’ I would move on and forget about it, I hadn’t heard that this was going to be its El Dorado…"
https://www.malcysblog.com/
Only two very small buys at 2.30 and a sell at 2.16 today so far it seems.
Willow, have a look at the links mate:
https://uk.investing.com/equities/solo-oil-plc
2.2900 +0.2300 (+11.16%)
16:12:33 - Closed. Currency in GBP
https://uk.investing.com/equities/aminex-plc
1.6250 +0.0500 (+3.17%)
15:48:47 - Closed. Currency in GBP
.......https://www.youtube.com/watch?v=hOMvs_1UFCk..........the only way is up
AMNX 1.6250 +0.0500 +3.17%
SOLO 2.2900 +0.2300 +11.16%
.......https://www.youtube.com/watch?v=hOMvs_1UFCk..........the only way is up
AMNX 1.6250 +0.0500 +3.17%
SOLO 2.2900 +0.2300 +11.16%
AMNX 1.7750 +0.4000 +29.09%
SOLO 2.3250 +0.2250 +10.71%
Both looking good at close today. Can they both maintain it tomorrow.
CONT.
http://aminex-plc.com/FAQ.aspx
Did you go to any other parties for a potential farm out deal?
We considered all opportunities for funding and believe we found the best one available to us as it offers a clear line of sight on potential revenues without recourse to further funding.
Why didn’t you look to raise funds instead of doing a farm out?
The Board felt that the key to unlocking the ultimate value from Ruvuma was to find a route that would accelerate development and production while not having a constant stop/start drill/finance scenario. The Company is farming out to a well-capitalised group which is interested in accelerating near-term production.
What happens if CH-1 is dry, both operationally and for the farm out?
Operationally, Ntorya 1 and 2 both proved gas exists in the field. If CH-1 is dry, we will need to update our models and consider the best way to move forward, which is expected to include 3D seismic acquisition. It is the strategy of all JV partners to develop the overall field as quickly as possible.
CONT.
http://aminex-plc.com/FAQ.aspx
Did you go to any other parties for a potential farm out deal?
We considered all opportunities for funding and believe we found the best one available to us as it offers a clear line of sight on potential revenues without recourse to further funding.
Why didn’t you look to raise funds instead of doing a farm out?
The Board felt that the key to unlocking the ultimate value from Ruvuma was to find a route that would accelerate development and production while not having a constant stop/start drill/finance scenario. The Company is farming out to a well-capitalised group which is interested in accelerating near-term production.
What happens if CH-1 is dry, both operationally and for the farm out?
Operationally, Ntorya 1 and 2 both proved gas exists in the field. If CH-1 is dry, we will need to update our models and consider the best way to move forward, which is expected to include 3D seismic acquisition. It is the strategy of all JV partners to develop the overall field as quickly as possible.
http://aminex-plc.com/FAQ.aspx
When is the EGM for the farm out deal?
The Company is actively working on the Circular, which will include an updated CPR. Aminex expects that the EGM will be held prior to the end of November.
Are you fully funded for CH-1?
The farmout fully carries Aminex through multiple wells (including CH-1), seismic and infrastructure. As well as the $3MM payable on Completion and the $2MM 180 days thereafter, the Company will be able to back charge operational activity on Ruvuma to 15 March 2018 (effective date of the farmout).
Why are you acquiring more seismic over Ruvuma and when can we expect it to take place?
Following the drilling of CH-1, the Ntorya Field will be considered for production potential, whereby a 3d seismic survey will fully evaluate the resources and the most efficient and cost-effective way to develop the field.
What is the status of drilling CH-1?
The Company is committed to drilling CH-1 as part of the greater Ntorya Development area and is working with the Tanzanian Government and all JV partners to drill as soon as possible. The Company received numerous bids for its drilling tender and has shortlisted two companies with which it is negotiating.
Can you confirm that the deeper target at CH-1 is oil or condensate?
The deeper Jurassic target is exploratory and does have potential to contain liquids, however the Company’s basin model assumes it is gas.
What is the current status of Kiliwani?
Equipment is being brought into country at present in order to remediate the well as planned and the Company will update shareholders in due course on the work over. It is in the interest of all parties to increase Kiliwani production as quickly as possible.
Considering the Company’s forward work programme, are there any operational obstacles to progress?
No. We continue to work with the Tanzanian Government and all JV partners to develop the field as quickly as possible.
Why has Kiliwani remediation changed strategy from Compression to re-working?
We have identified various remedial actions to enhance production and are currently implementing these. Compression, as part of an overall remediation programme, remains an option but the Company is looking at cheaper alternatives to increase production and potentially reserves.
When do you expect Kiliwani to be producing again?
It is in the best interest of all parties (including the Government) to maximise production as quickly as possible.
What impact has the lack of cashflow from Kiliwani had on the Company’s strategy?
The lack of cashflow has not impacted the overall strategy but obviously we are disappointed in Kiliwani production and are looking to remediate as quickly as possible.
Why did it take so long to organise a potential farm out deal?
It was essential to only agree a farm out deal which we believe to be in the best interests of shareholders.
Did you go to any other parties for a potential farm out deal?
We co
http://aminex-plc.com/FAQ.aspx
When is the EGM for the farm out deal?
The Company is actively working on the Circular, which will include an updated CPR. Aminex expects that the EGM will be held prior to the end of November.
Are you fully funded for CH-1?
The farmout fully carries Aminex through multiple wells (including CH-1), seismic and infrastructure. As well as the $3MM payable on Completion and the $2MM 180 days thereafter, the Company will be able to back charge operational activity on Ruvuma to 15 March 2018 (effective date of the farmout).
Why are you acquiring more seismic over Ruvuma and when can we expect it to take place?
Following the drilling of CH-1, the Ntorya Field will be considered for production potential, whereby a 3d seismic survey will fully evaluate the resources and the most efficient and cost-effective way to develop the field.
What is the status of drilling CH-1?
The Company is committed to drilling CH-1 as part of the greater Ntorya Development area and is working with the Tanzanian Government and all JV partners to drill as soon as possible. The Company received numerous bids for its drilling tender and has shortlisted two companies with which it is negotiating.
Can you confirm that the deeper target at CH-1 is oil or condensate?
The deeper Jurassic target is exploratory and does have potential to contain liquids, however the Company’s basin model assumes it is gas.
What is the current status of Kiliwani?
Equipment is being brought into country at present in order to remediate the well as planned and the Company will update shareholders in due course on the work over. It is in the interest of all parties to increase Kiliwani production as quickly as possible.
Considering the Company’s forward work programme, are there any operational obstacles to progress?
No. We continue to work with the Tanzanian Government and all JV partners to develop the field as quickly as possible.
Why has Kiliwani remediation changed strategy from Compression to re-working?
We have identified various remedial actions to enhance production and are currently implementing these. Compression, as part of an overall remediation programme, remains an option but the Company is looking at cheaper alternatives to increase production and potentially reserves.
When do you expect Kiliwani to be producing again?
It is in the best interest of all parties (including the Government) to maximise production as quickly as possible.
What impact has the lack of cashflow from Kiliwani had on the Company’s strategy?
The lack of cashflow has not impacted the overall strategy but obviously we are disappointed in Kiliwani production and are looking to remediate as quickly as possible.
Why did it take so long to organise a potential farm out deal?
It was essential to only agree a farm out deal which we believe to be in the best interests of shareholders.
Did you go to any other parties for a potential farm out deal?
We co
UKOGa 1.9150 -0.0500 -2.56%
AMNX 1.4250 +0.0250 +1.75%
SOLO 2.1500 +0.0500 +2.38%
Better day today for Solo?
UKOGa 1.9700 -0.1050 -5.06%
AMNX 1.4275 -0.0924 -6.08%
SOLO 2.0500 -0.1000 -4.65%
Today 11:28 UKOGa 1.9550 -0.1200 -5.78%
AMNX 1.4260 -0.0750 -4.92%
SOLO 2.0000 -0.1500 -6.98%
The only was is up - Jazz!
https://www.youtube.com/watch?v=FXO0GIIy3xU
The only was is UP - Jazz
UKOGa 1.9550 -0.1200 -5.78%
AMNX 1.4260 -0.0750 -4.92%
SOLO 2.0000 -0.1500 -6.98%
The only was is up - Jazz!
https://www.youtube.com/watch?v=FXO0GIIy3xU
The only was is UP - Jazz
Stephen Sanderson, Chief Executive of UK Oil & Gas PLC (AIM:UKOG) Interview
Isle of Wight also gets a mention 10.41
https://www.share-talk.com/stephen-sanderson-chief-executive-of-uk-oil-gas-plc-aimukog-11th-october-2018/
SOLO 1.9750 -0.1750 -8.14%
UKOGa 1.9640 -0.1110 -5.35%
Both are down at the moment though.
2.29 GBX +0.14 (6.51%)
9 Oct, 12:52 BST · Disclaimer
Going up?
UK Oil & Gas’s Horse Hill sees start of Kimmeridge testing
12:01 05 Oct 2018
Meanwhile, the Portland reservoir is estimated at 7mln-11mln barrels OIP and a long-term production scoping report has been submitted to Surrey County Council
oil and gas operations
A production operation would include up to six wells
UK Oil & Gas Plc (LON:UKOG) told investors that the flow testing operations in the Kimmeridge Limestone 4 (KL4) zone have now begun.
The company also said that a new report, by consultant Xodus, has determined that the single HH-1 well "sees" between 7mln and 11mln barrels of connected oil in place in the conventional Portland reservoir.
Meanwhile, a long-term production scoping report has been submitted to Surrey County Council.
READ: UKOG says Horse Hill’s Portland zone is “robustly commercial”
It will include a total of six production wells, with up to 3 production wells and a reservoir pressure support well in the Portland oil pool.
A planning application for the production operation is due to be submitted to the council before the completion of the extended well test programme.
"The Portland continues to out-perform our initial expectations and looks set to provide the production and cash flow base that can underpin UKOG's future growth,” said Stephen Sanderson, UKOG chief executive.
“Our immediate operational focus now switches to the Kimmeridge EWT, which, if successful, has the potential to make Horse Hill one of the UK's leading onshore producing oil fields and to help unlock the value within our extensive Kimmeridge asset portfolio in the Weald."
George Frangeskides, chairman of fellow Horse Hill stakeholder Alba Minerals, said: "These ambitious plans revealed by the operator to drill up to a further four wells at the Horse Hill site, on top of the already planned HH-1z side-track well and HH-2 new well, supports our belief in the potential for Horse Hill to provide material production and cash flow returns to Alba in the medium to long-term.
“In the short-term, meanwhile, we await the results of the current Kimmeridge EWT, which we hope will further underpin the plans to submit a planning application for the commencement of full-scale production."
http://www.proactiveinvestors.co.uk/companies/news/206474/uk-oil-gass-horse-hill-sees-start-of-kimmeridge-testing-206474.html
Mika Relax Take It Easy DJ Solovey Remix
https://www.youtube.com/watch?v=ZJkeHOYVVRA