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Typo, lust should say list, no idea where that came from!
Also, imagine how many yachting publications will cover it, all of the big ones and a load of the rest. That is a massive audience, not just of people that own a yacht and are wealthy, but also people that like to read those publications and dream of one day owning their own, plus all the people that pick up the magazine in a reception somewhere while waiting for their appointment, the lust goes on.
In a significant move towards sustainable luxury yachting, two innovative Dutch companies, Focus Motor Yachts and Vertoro have announced a collaboration to develop a sustainable luxury yacht line.
Vision
Vertoro, an innovative Maersk-backed company leveraging its own patented fuel-obtaining technology, a sustainable marine fuel derived from, but not limited to, lignin, will produce a number of carbon-neutral fuels and key materials from agricultural and forestry residues.
At Focus Motor Yachts we will make tailor-made design and engineering for our Vertoro-Powered yachts, with a focus on maximizing their sustainability potential and offer a market competitive solution to the most demanding clients.
Tim van Helsland, co-CEO and CFO at Vertoro, commented:
“It is time to bring our best practices from our experience in the container shipping sector to the luxury yachting market.”-
Focus Motor Yachts CEO, added:
“The environmental consciousness of our clients is increasing by the day, and they are demanding more sustainable options.”-
This innovative partnership between Focus Motor Yachts and Vertoro represents a groundbreaking step forward in the maritime industry, introducing a new era of sustainable luxury yachting that prioritizes environmental sustainability alongside unparalleled performance.
The official presentation of our innovative technology of the Powered-By-Vertoro Focus yachts will be announced at the Cannes Yachting Festival in September 2024. Stay updated on the latest developments and exclusive insights by following our social media channels and signing up for the below:
https://focus-motoryachts.com/united-for-sustainability/
AKHM,
QED have said it many times, big companies are slow movers. They aren't kidding. But the lawyers are even slower movers as they get paid for every letter, phone call, word on a document, could be an eye watering hourly for MSC's lawyers.
https://aaronhall.com/which-lawyers-have-the-highest-rates-how-much-do-they-charge/
But the legal agreements must be flawless to all parties and there are three of them all wanting to make sure that the wording does not disenfranchise them in even the minutest way, so it is a laborious process of working out what each party wants written, then getting compromises, then putting the documents out for the 3 of them to read and give feedback, then repeat over and over until the final document is accepted by all parties.
JM said QED can get back really quickly. When you consider that their part is the smaller of the 3 and they have limited requirements (supply Surfactants, MMU, expertise, etc, and take a cut of the savings) so will unlikely have much they want changed at any point. Whereas the other two are huge and will take their time to get back, and also have big lawyers that have to look at it from the position of the massive companies they are dealing with, so will have round after round of back and forth with the contracts.
It will all get signed off when they finish nailing it down, simple as that, it has to conclude at some point.
Just noticed a typo, Concentrate is obviously meant to say Condensate, darned autocorrect!
As for RUSPETRO, it says on their web page "If you would like to buy or sell shares in Ruspetro Ltd please contact the Company Secretary." Have you done that?
Pumpky,
I won't have any difficulty selling the shares at all. Those accumulating sizeable positions in the company will gladly take them off me. Or when it's relisted at a much higher MCap after it's fixed, I can sell them then if I like. Or I can sell them through the trading facility that is set up.
"The Company intends to explore the implementation of a matched bargain facility with a third party matched bargain facility provider in the event the Company is delisted. This will facilitate shareholders buying and selling shares on a matched bargain basis following the Delisting. If the Company decides to implement such a facility, further detail about it will be set out in the Circular."
K3NTY,
Nice to see a flurry of buys late on and a rise of 10.9%.
No point in me averaging down any more, as I'd have to buy over 1m to make the pence per share make any worthwhile difference, so sticking where I am and holding for the big money, whether that's from a surprise bid or from an Auditor rerating once it goes private. I'll make a decent profit here, one way or the other.
I'm sure they are just itching to drill these targets.:
4.2. Jurassic Turbidite Fans and Delta
The Jurassic sequence is mapped in detail over the new 3D seismic where two new prospects and two new conceptual leads are mapped. The two prospects (Postrift A & B) are mapped with high confidence in the Ruvuma 3D and exhibit distinctive amplitude characteristics which are interpreted to represent marine fan deposits e.g. Figure 7. Direct hydrocarbon seismic indicators may be present where the amplitude signatures are significantly elevated above general background values e.g. when compared against areas where there is sand in the Likonde-1 well but no significant measurable gas saturations. Each fan extends over an area of 10’s km² and is represented by a main lobate toe deposit which, in the case of the northernmost fan, is linked directly to a westerly reservoir catchment by a ca 1km wide continuously mapped channel. The southern of the two mapped lobes is distinct as a separate prospect, but in contrast to the northern fan, the feeder channel has not been preserved potentially aiding up-dip trapping. Oil and gas shows were noted in sandstones in the Likonde-1 Jurassic interval which, when combined with strong indications of fan geometries significantly derisks these prospects.
From one of the images:
Figure 7 Example of an amplitude driven play in the Jurassic (Jurassic Postrift A), up-dip of Likonde-1 well. Oil shows are present in the Jurassic section in Likonde-1. Other leads, at the same level, are annotated on the map.
Also worth noting on the notion of Oil being sealed in instead of seeping out:
"4.1.Cretaceous Fans and Mass Transport Complex (MTC)
Thick Santonian marine shale deposits are noted as providing an excellent top seal for all of the deeper Cretaceous prospectivity that has been identified to date"
I have to say that if ARA produce a document that keeps referring to OIl, not just Gas and Concentrate, then they sure think there is a chance of finding it, and will be drilling holes where they think it might be.
I thank ARA for putting the word 'Oil' very much back in the Ntorya vocabulary. Not a case of a single passing mention either.
CH-1 deeper targets were dropped from the drilling because Tanzania wants the Gas from that trap (same one as at NT-2) commercialised as it's highest priority. Once CH-1 is drilled, Gas can flow from it and the two NT wells, giving Tanzania a very nice supply of the Gas it wants.
After that, all targets are untested, so ARA will be free (from Government demands) to drill into the Cretaceous, Jurassic, Karoo, into the MCT, any level they like, levels where they think there should be Gas, but as the Gas is believed to push any Oil further up-dip, Oil could still be trapped there instead.
Oil can keep moving up-dip, but it has to stop somewhere unless it all seeped out to the surface a long time ago, but the fact the Gas is still trapped there and at high pressure suggests not, as if the Oil seeped out the Gas most certainly would have too. All it takes is faulting to occur and separate the down-dip Gas from the up-dip Oil and the Oil is then trapped forever, no longer in a position to be pushed further up-dip.
"Large structural and stratigraphic traps have the potential to host gas and OIL accumulations including, inter alia, a large untested mass transport complex prospect (“MTC”) which, in terms of structure and depth, closely resembles several of the large-scale offshore accumulations which await development."
"OIL and gas shows are noted in sands identified on mudlogs in Likonde-1 at the levels of the Jurassic post-rift prospects in the block, suggesting the bright amplitudes up-dip of the Likonde-1 well could be potential direct hydrocarbon indicators."
"Deposition occurred during the Early Jurassic in a partially restricted marine environment allowing additional potential OIL and gas source rocks to be deposited and preserved under anoxic conditions. Both the Karoo and Jurassic source rocks are now identified as being potentially mature for OIL and gas generation in the Mtwara Licence"
"The southern of the two mapped lobes is distinct as a separate prospect, but in contrast to the northern fan, the feeder channel has not been preserved potentially aiding up-dip trapping. OIL and gas shows were noted in sandstones in the Likonde-1 Jurassic interval which, when combined with strong indications of fan geometries significantly derisks these prospects."
https://aminex-plc.com/wp-content/uploads/2024/03/APT-Revised-Resource-Potential-Mtwara-Licence.pdf
Could well(!) be.
They didn't drill further up-dip each time for nothing, they were chasing the oil. Many of the targets to be drilled are further up-dip, and we have oil shows on previous drilling, so it's only logical to say there IS a chance of oil in any untested target further up-dip.
Laughable if it wasn't so false and misleading.
Everyone that knows QED expects the share price to multiply on the MSC agreement signing, even if they will never say that one here.
Alpha Financial Markets Consulting plc announced this afternoon of a bid incoming too, that would be another GBP560m UK listed company gone.
They are dropping off the market like flies, simply because the whole market is way undervalued.
A strange rush of buying at the end today, up 15.67%, what gives?
"We are particularly excited by the significant potential gas volumes now identified in other untested structures within the licence area."
And any of those, as they are untested, could contain oil, which is why I'm fully loaded and looking to hold as they work their way through testing those targets, as just one containing oil blows the Aminex share price off the chart.
I can see a good possibility that a lot of good news will arrive before the suspension is lifted, and the price moved up considerably the instant it starts trading again, so if anyone has any limit sells set up I'd turn them off, or you may get short changed.
And still a possibility to find oil in the up-dip traps that haven't been tested yet.
Ah yes, isn't he known as the Alf Garnett of Aminex, and doing a great job of demonstrating it today. Anyone would think he sold out and wants back in cheaper, of wants to load up before the incoming licence presentation ceremony and associated mega fanfare in Tanzania coverage of it.
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
I said last week that Tanzania would sell it as "cheap gas for everyone " and that is what they are doing.
Also, the recent comments made by the Deputy Prime Minister and Minister of Energy saying the press need to go uber positive and talk up the gas, again it is to get EVERYONE hyped up about the huge gas resources being developed for their benefit and get them all onside.
Our PR has likely been requested or suggested to us directly by the Deputy Prime Minister and Minister of Energy, as he wants us to help get EVERYONE onside.
Imagine how this promotes people in business to now want to switch to gas, or expand because more gas will become available, or general public wanting to switch to gas to stop burning forests, or neighbouring countries looking at ditect pipelines. It all adds up and there's nothing negative about it.
Reported for false and misleading information.
AFC Energy have £27m in cash, this was advised in the recent shareholder meeting. Also £27.5m order book. ENough cash at the current burn rate to last to min July 2025, NOT year end.
"Strong balance sheet with £27.4m of cash at period end (2022: £40.2m)"
"2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment"
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4486977&lang=en-GB&companycode=uk-afc&v=r2023
AFC Energy has outperformed ITM Power over 3 years, 2 years, 1 year, and year to date. FACT!
Ignore the con man trying to make out ITM is a better investment than AFC, it clearly IS NOT!!
https://ibb.co/swhJV84
https://ibb.co/R2P5gkH
https://ibb.co/HKYf8HC
https://ibb.co/kqNVXDG
Reported again as it's still here.
This statement is totally false and misleading, there are no cashflow issues and no crisis.
"AFC: Facing cashflow challenges, with reserves dwindling and a pending crisis."
AFC Energy have £27m in cash, this was advised in the recent shareholder meeting. Also £27.5m order book.
"Strong balance sheet with £27.4m of cash at period end (2022: £40.2m)"
"2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment"
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4486977&lang=en-GB&companycode=uk-afc&v=r2023