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Yes, TAMGO and Illuming and no doubt many more. Definitely Speedy. Maybe ABB, Acciona, MACE, or other construction company talking about the market for our Hydrogen Generators. It's going to be a huge event for AFC for sure.
Illuming "look forward to meeting AFC Energy's investors at the Company's Capital Markets Day"
"Looking forwards to hearing from Rami Elayan, General Manager of TAMGO - The Machinery Group LLC., at AFC Energy’s Capital Markets Day in London today."
"A fantastic partnership of like minded companies working to support sustainable offgrid power in the Kingdom of Saudi Arabia and MENA regions!"
https://www.linkedin.com/posts/adam-bond-74841b13_aesaepaetaeraew-aepaesaetaeuaetaewaehaerabraepaesaehaepaetaerabraesaesaetaehaexaepaesabraepaesaetaevaexaewaexaer-activity-7193876061045092352-ic_t
"with the aim of defining preliminary 1p and 2p reserve estimates"
Once ARA book reserves, we will have a new, staggering Net Asset Value for big investors to base the share price on.
Ufufuo,
RE: AGM " expect this to be a good one"
The recent run of very bullish Twitter posts from Aminex certainly points to that.
Seeing as our stacks will be mass produced in Vancouver, it would make a lot of sense to now appoint a USA/Canada systems assembly company, a USA/Canada hydrogen generator distributor, and USA/Vanada hire company agreements.
The "made in America" tag can also be applied, which is a preferred choice of government and many USA buyers.
More RNS to look out for in the not too distant future I suspect.
Experts in hydrogen fuel cell technology
Illuming Power develops and produces materials, membrane electrode assemblies, components and fuel cell stacks. Design for manufacturing has produced the lowest cost, thinnest expanded graphite bipolar plates and sealing options for automotive OEM’s and their suppliers. Illuming Power is engaged in establishing production capacity to meet the demand for mass deployment.
Illuming Power is an independent Canadian corporation formed in 2017 and serving customers in Asia, North America and Europe. At the end of 2021, our customers have logged over 40 million kilometers in over 1000 vehicles using our technologies.
Our History
Since 2017, our global clients have leveraged Illuming Power’s design and manufacturing expertise to produce thousands of fuel cell stacks for heavy duty automotive applications. We have enabled our clients to accelerate development and reduce costs, making them more competitive in the global market.
https://www.hannovermesse.de/exhibitor/illuming-power/N1548303?editor=visitorView&exhibitor=rm4fehu6&tdom-loc=w8t3bdk6&scene-node=s4o94vzm
RNS today, looks like he got scammed.
They should rename to Wild West Capital Partners LLC, as they are a right bunch of cowboys.
The important bit is that mass manufacturing HAS BEGUN. This milestone is often seen by big investors as the time step up investment in a company, hence AFC inviting Illuming to present to the ii's and sell side analysts today.
"Under a multi-year programme, Illuming, through its international network, will deliver completed and commissioned S Series fuel cell plates and stacks for installation into H-Power Generator modules."
"Illuming, and its partners, have the ability to meet all air cooled stack requirements for H-Power Generators foreseen over the next 5 years."
"Orders for completed S Series stacks have already been placed with Illuming based on recent qualification of components and evidence of production quality."
"We welcome the opportunity to support AFC Energy in its targeted growth strategy and look forward to meeting AFC Energy's investors at the Company's Capital Markets Day in May"
That is why it was announced today.
AFC are perfectly within their rights to announce this whenever they want to, in agreement with Illuming Power obviously.
Illuming Power to Scale S Series Fuel Cell Plate and Stack Manufacture
.
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the appointment of North America's Illuming Power ("Illuming") as the Company's first scaled manufacturer of fuel cell plates and stacks for its S Series air cooled platform.
.
Highlights:
·
Illuming and AFC Energy sign Strategic Supply Agreement ("SSA") for large scale production of S Series air cooled fuel cell plates and stacks.
·
Under a multi-year programme, Illuming, through its international network, will deliver completed and commissioned S Series fuel cell plates and stacks for installation into H-Power Generator modules.
·
Illuming is currently delivering high quality fuel cell plate components to AFC Energy's design and specification utilising the latest low cost production techniques.
·
Illuming, and its partners, have the ability to meet all air cooled stack requirements for H-Power Generators foreseen over the next 5 years.
·
SSA is fully consistent with AFC Energy's low capital outsourced contract manufacturing strategy
·
Orders for completed S Series stacks have already been placed with Illuming based on recent qualification of components and evidence of production quality.
·
Over 140 million kilometres have been driven on Illuming fuel cell stacks in the global automotive sector, evidencing its quality and ability to scale with demand.
.
Jeff Plato, President and Chief Executive of Illuming Power, said:
"We are pleased to be entering into this long term Strategic Supply Agreement with AFC Energy to support the growth in demand for its H-Power Generator platform into a scalable production product. We have been working with AFC Energy over a number of years now and believe the market for decarbonised generators in the off-grid and backup power markets highlights a near term, sizable global market in which to pursue, lending itself well to third party manufacture. We welcome the opportunity to support AFC Energy in its targeted growth strategy and look forward to meeting AFC Energy's investors at the Company's Capital Markets Day in May.
.
Adam Bond, Chief Executive of AFC Energy, said:
"Illuming Power is a valued partner of AFC Energy with over two years of collaborative work with us in supporting stack design and delivery. Their experience in stack build, both in prototype and commercial applications with thousands of stacks currently in operation across the global hydrogen market today, makes them a reliable and trusted supplier to AFC Energy. Their experience, alignment with our business model, and investment in their own growth trajectory, makes Illuming a key partner to AFC Energy's success."
Ignore the troll talking trollocks, it's just the long term Aminex stock basher, never held the stock, just bashes it day in day out, quite possibly a disgruntled ex-employee or something, best to just add them to your filter as everything they write is fantasy invented in their mind to try and scare people away from the truth, that this is a really good stock to be in, and you can still get in on the ground floor at the current market cap.
Send that and this to JM. I would have thought he would have seen QED news on the many shipping news websites, but you never know.
https://www.linkedin.com/in/jeremy-nixon-7895965/?originalSubdomain=sg
Ufufuo,
Following on from my previous post, after more thinking.
The 3D seismic completely changes the economics of the project, making it viable to significantly increase production earlier, with no effect on the expected lifetime of the resource. Forget what was behind the 140mmscfd plan, ARA now have a completely different resource to base the development plan on, and much bigger production should easily be possible. I was one of those shouting for 3D seismic over Ruvuma way before they made it a plan, as Mike Rego said it was the only way to really work out what was down there, as the complex geology was not easy to understand on 2D seismic.
Tanzania are also building pipelines to Uganda and Kenya, possibly to Zambia as well. The LNG plant is going nowhere now as the government want to change the deal, but those big oil majors wont want to concede any of the profitability as they are the ones that will need to borrow and pay back the funding for it. So significantly increasing the Ntorya output would help fill those pipelines to other countries.
I suspect an updated field development plan to be forthcoming, maybe not this year but certainly after CH-1 is drilled and they can see what max output they can go to, and once stable money is flowing in to us and ARA.
Ufufuo,
Going back to your numbers and scenarios posted earlier on this thread, maybe there is another scenario that's not yet been offered up.
"produces at a rate of 140mmscfd"
If we are looking at 16TCF for the Ntorya area, a quarter of that is AEX Gas, 4TCF.
4 TCF = 4,000,000,000 MCF
https://www.kylesconverter.com/volume/trillion-cubic-feet-to-thousands-of-cubic-feet
For Kiliwani Gas "Aminex will receive USD 3.00 per mmbtu (approximately USD 3.07 per mcf)" and we know the newer Gas prices are higher, but let's just stick with $3 for the moment.
USD 3 x 4,000,000,000 = $12,000,000,000
Gas recovery. We know it's Gas pressure that sends the gas up the well, so 50-70 percent recovery.
"Gas expansion 50–70%"
https://wiki.aapg.org/Predicting_hydrocarbon_recovery
That would give the area 8 to 11.2 TCF recoverable. 2TCF to 2.8TCF to AEX worth $6,000,000,000 to $8,400,000,000. If only AEX could book that as a resource sometime.
And why stop at a rate of 140mmscfd, when that was based on the much smaller resource, and making it last 25 years.
With 16TCF they could produce at a much higher rate, 4x, 5x or even more, so long as they have pipelines capable of transporting it, and it would still last 25 years or more.
Then your valuations that are based on revenues would be 4x or 5x too.
The troll does not want answers. How many more times do I have to say that?
For those that want answers:
29 April 2024 RNS
"This year will be a decisive one for our Company. We expect significant progress in the Ntorya project providing shareholders with several catalytic events likely to improve the Company's underlying value. Events have demonstrated the Operator's capacity to run numerous critical negotiations and operational workstreams while maintaining the full support of the Tanzanian authorities. The net result for Aminex is an essential shift in the narrative of Ruvuma, which can now be considered a potentially world-class discovery with a path to positive cash flow by next year - a remarkable turnaround for the Company since 2020."
From the amount of green on this page I see trolls even troll on market bank holidays, sad life, sad people, sick in the head people.
Apparently FAT testing has nothing to do with measuring the level of lipids between the ears of the trolls on here LOL!
FAT testing insight from AFC Energy:
https://afcenergy.teamtailor.com/jobs/3846905-commissioning-technician
The proposal "completely blew the project economics out of the water" and "we remain ready to continue to work with the government on competitive and investable agreements" says it all. The Government obviously want's a bigger cut of profits, as that is what they have promised their people. But there's $42 billion in investment that will need paying back, and as far as the operator is concerned, that $42 billion needs to be paid back over a reasonable timescale. So who will win? At the moment the operator has the upper hand because they are not going to invest $42 billion unless they get the right deal to pay it back whilst also giving them a profit that justifies all the effort and funding.
From the news item:
"The proposed amendment to the Host Government Agreement intends to ensure that truly both sides benefit fairly in the whole deal and nothing else," Matinyi said in a statement to Reuters, without providing details about the amendment.
"We hope that our experts and officials will conclude the amendments sooner than later to allow this important project to go ahead."
A source from one of the investors said the amendment was proposed by Energy Minister Doto Biteko after he assumed the post last August. Biteko also serves as deputy prime minister.
, said the source, who asked not to be identified. The source added that remarks last month to parliament by Biteko saying the government expected to conclude negotiations in the coming fiscal year were "certainly optimistic".
A second source from another investor agreed with the first source's account. Neither source provided details about the amendment.
An energy ministry spokesperson did not respond to a request for comment.
A Shell spokesperson told Reuters that after initialling the deals with the government, the company "had hoped to see these agreements signed faster, but we remain ready to continue to work with the government on competitive and investable agreements, consistent with what we agreed last year".
SemaphorRed,
Yeah, calling me names that are not even my name is really weird to me, hence pointing it out and hopefully that will be it. but if it continues then it demonstrates an ulterior motive which I will never understand.
Anonymous board = anonymous people. Not sure how some don't understand that when they themselves are anonymous, especially the abusive trolls that are only here to try and wreck the board rather than contribute worthwhile posts to it.