Member Info for therealengineer1

Https://www.lincolnshireworld.com/business/solar-farm-at-welby-refused-by-district-council-planners-4700649

Same council don’t want solar either…all that farm land for solar when a fairly small well pad can make more energy..go figure

I fear it’s a prelude to another raise…already down 98.4 %

We need this great update to translate to a steadily rising share price now.

Is there a layman’s terms RNS of that..

I read UOG (22%) holder are in being asked to pay the 78% holder for the joa income…

So UOG could have issued a notice of default on the operator too.. or maybe there is something in the legal structures I am missing..?

Pallone is an environmental advocate..

DEC as stated in it’s ongoing reports securely caps orphan wells.. wells other companies have abandoned without capping properly…and retires and caps it’s aging wells.. I think there is nothing to see here.. just noise from an environmental advocate that is probably not got the full picture.

Seems everyday I check the price here it shows rising like today but it remains stubbornly around 30p? Do the MM’s drop the price at the start of each day to show a rise?

The acquisition in this half year makes the results difficult to judge. But with nearly 1.4m in restructuring and acquisition costs that makes a big difference to the profit/loss.

From the gaffney cline report I believe they had a water up to point and oil down to point. In the resource estimate. The fact that the well has been water free for so long looks to me like the oil water interface was lower than in then first reserves report. Now the interface has been found the next CPR should firm up the recoverable reserves. Hopefully this will be to the upside given how long the well has been water free.

Really is a gamble to add as the company may not technically exist shortly but being 90% down or more seems throwing a little more money this way is a gamble worth taking given the growth prospects.

https://****stantimez.com/prime-minister-shahbaz-sharif-inaugurated-the-thar-coal-block-ii-expansion-project/amp/

Syn gas from thar coal can save 3 billion if forex.

Seems Naheed has been getting a message heard.

Incidentally she’s been busy in Korea last month.

https://www.nation.com.pk/10-Oct-2022/pm-shehbaz-to-inaugurate-second-phase-of-thar-coal-mines-project?version=amp

Could be related to PM visit

Seems different presenters label the lassonde curve differently.
I see it that we have permits in place, construction on the decline and mine mouth infrastructure has started. We are missing financing from the last tick box on the development phase. We also don’t have all the formal studies in place. But those seem to be a tick box exercise for the companies. The studies may also be needed for institutional investors.

First production is 18-24 months away. The last 18 months in this share have gone pretty fast, I can wait a while longer on this journey. Slowly adding below my average.

Lassonde curve stage 3. We’ll that’s interesting for ggp seeming as the mine is under construction already. Which is typically a stage 4 activity and there is already a processing plant.

The missing part for me is only the announcement of financing being sorted. The financing can not be too far away.

Not sure if posted before but the calming code for the 5% valuation is a public document, only 42 pages long.

https://www.valmin.org/docs/VALMIN_Code_2015_final.pdf

The key thing for me on the valuation section was it must consider all proven and probable resource but seems to also allow for some wriggle room through a ‘Reasonable Test’.

https://oilprice.com/Energy/Energy-General/Could-A-Graphite-Shortage-Derail-The-3-Trillion-EV-Boom.html

Hope we are in a good position to take advantage of this.

Really curious to see where the latest results are in relation to the previous. Are they testing the edges?

Latest
3.5m @ 1.88g from 226.5

Previous
At Saddle Reefs, the mineralised sequence outcrops through a thin veneer of sand and gravel. Rock chip samples were collected over a strike length of approximately 800m with results over 10g/t gold including 81.7g/t, 45.7g/t, 37.6g/t, 33.9g/t, 28.2g/t and 23.5g/t. Many also showed high silver above 10g/t up to a maximum of 106.1g/t. Gold (and silver) mineralisation in bedrock has been identified over a strike length of approximately 800m at Saddle Reefs.

They just need to determine which is the correct artificial lift method and from which location in the field.

I’ve added today nearly back down to my average price from last year. Accumulated all the way up and all the way back down as cash became available.

When the cash arrives in the bank it should reassure farm in partners for Jamaica that we can fund our part of the drilling cost. Thus reducing the risk for the partner.

Maybe when the project cost is risk based the project economics don’t stack up. More effort to lower that risk and firm up cost. Perhaps even mitigation measures warrant looking at alternative sites. It is a big commitment to move from paper to construction.

Maybe also understanding how sustainable the SAF is to satisfy regulators and qualify for subsidies. Maybe even waiting to understand how committed government is to subsidies if they play a key part in the project ROI.

Lots of different factors involved in a project of this type.