Member Info for tintin35

326m shares bought with a few sold - no change in price - is this just a transfer between parties?

would be interesting to take a good look at this; Energy Charter Treaty is aimed at protecting foreign investment against government intervention - steel isn't really energy but a comparable sentiment ie governments favouring their own industries (LKAB) and deliberately doing down the foreign companies - ie us. Bound to be an EU thing about that. A useful approach I think.

72m buys and the price is still 0.06p.....

26m buys in 10 minutes....

Beowulf Mining is preparing legal action against the state for the Gállok mine process. Aura Energy has initiated a similar process with claim 17 billion in damages for the decision to ban uranium mining.
In November, Aura Energy, with the support of the multilateral investment protection agreement Energy Charter Treaty, submitted a claim for damages of just over SEK 17 billion to the Swedish state for costs of uranium exploration in Åre and Bergs as well as missing future revenues.
Today, the Board of Directors of Beowulf Mining will take a position on a similar process concerning the company's mining project in Gállok, northwest of Jokkmokk, which the company considers has taken an unacceptably long time.
Kaj Hobér, professor of international investment and commercial law at Uppsala University, says that the Energy Charter Treaty is aimed at protecting foreign investment against government intervention.

"The Swedish mining and mineral industry is of great importance to Sweden and creates jobs, welfare and the development of new technology that in many cases is world-leading and is at the forefront of the green transition," says Business Minister Ibrahim Baylan.

so far MPs from all parties (apart from the greenies) have asked what is going on - Baylan must be coming under pressure to make a decision, even the Sami's are getting sick of the whole thing. I still think we are in the Endgame here. As I said before, we have a strong legal case (the Sami comments are mainly irrelevant as far as the law is concerned) and if it's a no we will at least know roughly when a decision will be made by the courts. The courts have not been impressed by Sami arguments on mining up to now - weaker cases than ours have won and Sami rights overruled.
Keep the faith!

....on one thing...
Beowulf Mining continues to show ignorance!
Press release 2020-02-11
British exploration company Beowulf Mining announced some time ago that they intend to " sue the state " as they consider themselves financially affected by the ongoing " Kallak Process ".
The Sami villages and Jåhkågasska express great surprise at the company's statement. The fact that the process has taken a long time is largely due to the inappropriate location of large-scale mining exploitation in Kallak.

The County Administrative Board of Norrbotten has supported the project on the grounds that the impact on the cleansing industry is too big, but also because the overall costs to society cannot justify an exploitation.

The Kallak area is located within the sami village area west of the cultivation border and reindeer management, hunting and fishing are carried out throughout the year.
- An iron ore mine located in this place feels more and more timid. The successes we have had in the last year, among other things in the Girjasmålet give me the future, and clearly show that the state has a responsibility that our rights are not being overlooked, says Mikael Kuhmunen, President of Sirges Sameby.

- The fact that the process has taken this long is inexplicable, so in a way we share the company's opinion in this part. We believe that the company's application would have been rejected long ago for several different reasons. We do not forget that they have twice previously violated the provisions of the Mineral Law when they carried out exploration work without any valid work plan remembers Jan-Erik Länta, President of Jåhkågasska Tjiellde.
The Sami villages believe that the company's working method is extremely nonchalant and clearly demonstrates that they have no respect for the rights of the Sami villages, but act solely on their own interest.

- The fact that the company pronounce that they are considering suing the state cannot be seen as anything but a political game to influence decision makers. The fact that the case has taken a long time depends largely on the company's own actions with inadequate environmental impact assessments and lack of sufficient decision-making bases says Jenny Wik Karlsson, representative of Sirges Sameby and federal lawyer at the Swedish Sami Confederation.

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.riksdagen.se%2Fsv%2Fkalender%2Fkalenderhandelse%2F%3Fcalendareventid%3DRDH7A7KU26%26fbclid%3DIwAR1AVniB-4eLTJK9ChQgzdmRROEf4XRnmy22aBpvi1TnfROlUXr4NBLXCM8
Special agenda
Constitution Committee 2019/20: 26

Notice : Committee meeting 2019/20: 26
Date and time : 2020-02-11 11:00
Location : RÖ7-08

1. Protocol Adjustment

2. Notifications
6. Review of the Government's handling of the application for processing license for Kallak - G11
preparation
Rapporteur: JJ

Baylan will be questioned today in Parliament about the permitting process. Presumably he will have his smug "Can't be ar*ed" face on.

big hit for the seller of the love boat - so why indeed? Tax loss? Long term expectations? Beats me - it's CASP world where no on knows anything....

Gee, I wonder if he had any idea of the performance of the wells and the likely SP when he agreed to 12p? Another day in CASP land.....

good point - sounds like Casp doing the right thing here.....

Many operators in Kazakhstan are producing from carbonate reservoirs with fairly low permeability and porosity with the presence of dominant natural fractures. The completion and perforation of the reservoir are critical phases during which special attention must be placed on the well cleanup to obtain the maximum hydrocarbon productivity. Wells in the tight carbonate formation of certain fields in western Kazakhstan have historically been perforated in overbalance conditions or in static underbalance conditions that require killing the well immediately after the perforation for installing the permanent completion. After the permanent completion has been put in place, an acid wash must be performed to remove all the damage induced by the killing operation and the perforating debris. Both ways of perforating the wells expose the reservoir to potentially damaging fluids during and after the perforation. The exposure time of these fluids can be prolonged if adverse meteorological conditions are encountered. The damaging fluids can significantly impair the productivity by blocking the newly perforated tunnel, as well as by filtering through the natural fractures, which in turn makes it very difficult to remove even after as acid wash. As a result, the wells do not produce to their full potential.

A new perforating approach utilizing a dynamic underbalanced technique, in conjunction with a solids-free, viscoelastic-based, fluid loss pill, was introduced in several new wells in western Kazakhstan for a major operator. The fluid loss pill was designed to be solids-free and to be easily broken, leaving no residue downhole. There were four main requirements for the fluid pill:

The carbonate reservoir where this new approach was utilized has permeabilities varying from 6 to 38 mD, while the present reservoir pressure is approximately 4,200 psi at the reference depth of 3,550 m. The new perforation approach allowed obtaining a cleaner perforation tunnel, increasing the average production compared with wells draining from the same reservoir that were completed with the traditional technique. The average production obtained with the new approach is approximately double that of the conventional technique. This has been verified on a campaign carried out on 11 wells, all located in the same area of the field, four of which were completed with the new perforation approach. Several other treatments have been performed and have indicated similar trends in production.

(Alliance News) - Caspian Sunrise PLC said Monday it will undertake acid operations in the deep well A5 at Airshagyl structure in BNG contract area, western Kazakhstan, to maximise the well's potential.

Shares in oil & gas firm were trading 14% lower in London at 6.62 pence each on Monday.

The company said the after perforation of a 63 metre interval between 4,331 metres and 4,394 metres, the well has now flowed for 40 days. The management believes that well is capable of producing at least 1,500 barrels of oil per day.

Caspian said at this early stage the focus is to ensuring the continuous flow rather than maximising flow rates, therefore the company is "in no hurry for the well to reach its optimum operating capacity" and is considering a number of actions which might help to maximise A5's potential.

As a result, in late February, the company will start operations to conduct an acid job using hydrochloric acid, which is expected to last for three days.

Caspian said its next deep well is expected to be deep well A9, which, if successful, would extend the perimeter of the Airshagyl structure. The company expects to spud the well in the first half of 2020.

The company also said the total number of barrels produced in January was 44,169, compared to 43,498 in December 2019, at a daily rate of 1,425 barrels of oil per day, compared to 1,403 in December.

The export price in January, before adjustment for subsequent minor variations, was USD59.6 per barrel, the same as in December, and the domestic price was USD18.75 per barrel compared to USD18 per barrel in December.

I hope you're right!

The SP is still held up by the shallows performance - rns gives grounds for believing this will rise over the next few months - a hold for me.

Well 150 was spudded in mid-December with a Total Depth of some 2,500 meters. To date the well has reached a depth of 1,420 meters without incident.

not much but at least it will be international prices....

26! My mother would be so proud!
Made my day that.....rampety rampety rampey ramp......

(Alliance News) - Beowulf Mining PLC on Tuesday reported that the Swedish government is preparing to make a decision about its Kallak application.

The Nordic-focused exploration firm is looking to secure a concession at its Kallak North iron ore project in the County of Norrbotten in northern Sweden.

In a letter to Beowulf, Ibrahim Baylan, a Swedish government minister for Business, Industry & Innovation, said: "As mentioned earlier, the government decision regarding the application is currently in preparation and I am afraid that we are not able to comment on when a decision is expected to be taken.

"However, I would like to emphasise that we have taken careful note of your information."

The mine is located in a region of land resided by the indigenous Sami people, who have previously resisted further operations at Kallak.

Beowulf has been embroiled in a lengthy dispute over the permit at the northern Sweden mine. In 2013, the company had reported that protests hampered a drill programme at Kallak, damaging equipment.

nothing new but it sounds more positive the way they put it :)

CASP runs a tight ship - rarely see leaks - AIM shares tend to drop in the absence of news - we should have had some weeks ago - but no bad news either....