Member Info for tintin35

anyone care to post the rns?

no extension sounds good to me!

If this was the UK he could take judicial review
What is Judicial Review?

Judicial review is a procedure by which a person can seek to challenge a decision, act or failure to act of a public body. This could be a government department or local authority, or another body exercising a public law function such as an NHS Trust.

If the court decides that the decision-making body has acted unlawfully it may provide a remedy such as:
•Quashing the decision and requiring the body to re-take the decision;
•Requiring the body to take some other step or to NOT take certain action;
•Making a declaration; and/or
•awarding damages.
I suspect Sweden has something similar - also EU Human Rights Act - right to trade etc.
No harm in threatening any of this - nothing to lose frankly.

He clearly references Auras's legal action for compensation - a veiled threat - just wish it was more explicit.

example of the goalposts being moved after a company has made a significant investment in developing a mineral project.



"In the Kallak case, the Minister has commented on there being 'several different national interests.'



"In the County Administrative Board's ("CAB") assessment in July 2015, it stated that there are no conflicts within the Kallak Concession area where national interests are considered, as the Concession area is designated as an Area of National Interest for minerals. No other national interests were identified.



"This remained the case until Sametinget placed national interest for reindeer herding directly on top of Kallak in February 2017, 11 years after Beowulf acquired its first exploration licence and had invested the majority of the SEK 80 million spent on Kallak.



"As we have repeatedly stated, it is not a case of mining or reindeer herding, as both can prosper, as they already do across Sweden where industry and reindeer herding interact. Kallak will be no different. That is Beowulf's commitment.



"If the Government sticks to the facts then the Concession should be awarded. The Kallak application has been assessed to the absolute limit and there should be no need for further deliberation.

In the letter to the Minister, the CEO made the following points:



· Two and half months have passed without any new information on what is happening, since the Minister wrote in his letter, dated 30 September 2019, that a decision by the Government on Beowulf's application was 'forthcoming'. The CEO has requested that the Government provide Beowulf with details on when the Company can expect the decision on Kallak to be taken.

· It seems evident that the coalition Government has been struggling to reach consensus on Kallak and that politics are standing in the way of a decision being taken. Yet, we have heard before, from the Government, that Swedish law is sufficient for assessing the Kallak application and that any assessment of Kallak should be 'by the book'.

· To ensure that the Government has been provided with all relevant facts, the Company submitted a concluding statement for Kallak to the Government on 8 November 2019, prepared by the law firms Mannheimer Swartling and Fröberg & Lundholm. The statement summarised all circumstances relevant to a judicial review of whether the Company should be awarded the Exploitation Concession for Kallak. The statement demonstrates that the Government has sufficient facts for an Exploitation Concession to be awarded.

· Sweden's attractiveness as a destination for investments in mining has been decreasing over several years. Mining analysts and journalists continue to comment on the inability of its authorities to decide on mining applications, while having allowed companies to explore for minerals and make significant investments.



Kurt Budge, Chief Executive Officer of Beowulf, commented:



"The Minister's comments at the recent SveMin Höstmöte look to a future when permitting procedures in Sweden are predictable, but they provide no comfort to already committed mining investors and specifically Beowulf's shareholders.



"I read yesterday that the Minister, in response to a question from a fellow politician, has stated that the starting point for the Government's handling of an application 'is always that it should be done quickly, efficiently and without compromising legal certainty'.



"The Government's handling of the Kallak application, since the summer of 2017, has been neither quick nor efficient, and is a 'black cloud' over Beowulf's share price. It makes equity fund raising more costly and is damaging the value of the 64.76 per cent of Beowulf owned by Swedish shareholders and the remainder of the Company owned by UK shareholders.



"The legal certainty that the Government seeks is contained within the concluding statement sent by Beowulf to the Government in early November.



"The Board has noted Aura Energy's ("Aura") written notification to the Swedish Government under the Energy Charter Treaty seeking compensation over the uranium ban introduced in Sweden on 1 August 2018 and the financial loss to Aura

So, how will this affect the SP? Can't go much lower ffs....

we've just done cement - we're doing concrete as well?

I suspect Aussie purchase involves money we haven't got yet - Best wait till Cambay is resolved before splashing it.

could you ask him what first refusal means? Ta

I guess we're not including the 1,500 Bopd from A8 in the monthly figures?

prioritising quick improvements to get the oil oiut of the ground rather than investigating speculative structures....ie getting more income...
We plan to workover existing MJF wells on a regular basis and to that end a workover rig currently in use assessing Well 808, on a potential but to date inconclusive new shallow structure, is to be moved to the MJF structure to assist in the process.

Well 144 was out of production for 7 days during the month while it was being worked over. The result of the workover being an increase in daily production from 141 bopd to 184 bopd, an increase of 30%.

Back on track and 1,500 BOPD from A8!
Deep Well A5



As previously announced the side-track from a depth of 3,796 meters successfully reached a depth of 4,044 meters without incident, which has become the well's new Total Depth.



Since then cementing has been successfully completed and the well extensively cleaned to allow the perforation of an interval of 40 meters from the already identified 64 meters of prime interest.



The well is undergoing final cleaning and logging before the penetration, which if successful would be followed by a 90 day flow test.



Deep Well A8



Following acid treatment the well flowed for approximately seven hours, producing at the rate of approximately 1,500 bopd. The flow ended with the well becoming blocked with excess drilling fluid originally introduced during the drilling phase.



This is the first occasion the well has flowed meaningful quantities of oil.



Cleaning work is being undertaken in preparation for further acid treatments.

MP question;
From the Swedish Parliament
Administration
2019-12-09 Answered latest
2019-12-18 at. 12.00
To Minister of Commerce Ibrahim Baylan (S)

2019/20: 602 Decision on mining in Kallak and Laver
The Swedish mining industry is an important part of our basic industry. With Sweden's
extensive natural resources, outstanding research, leading companies and
competent employees, we have fantastic conditions to be a
prominent mining nation. The industry accounts for large export revenues and employs
many people in Sweden.
However, this chance is about to pass Sweden. Swedish mine and
mineral policy has obvious shortcomings. The times to get a permit are absurd.
The former bourgeois government's ambition to develop the industry has been replaced
by a striking passivity of the current one. Investments cannot be
completed, jobs are not provided and the benefits to the environment are not realized.
Now the patience of the mining industry is beginning to fall. Business Minister Ibrahim Baylan
(S), who usually talks about reduced bureaucracy and shorter lead times, faces harsh
criticism for extensive rule-breaking in the mining industry. Recently, the mining companies
LKAB and Boliden called the Minister of Industry for a crisis meeting to discuss the long
permit processes for the establishment of mines and permits for continued
operations.
Perhaps the clearest example is the iron ore project Kallak, which has waited over
six years to obtain a permit for its operations. The issue has been on the government's
table for two and a half years. The Laver mine area is another example that has had
to wait an unreasonably long time for decisions. In the industry, questions are now being asked about why the government is
not coming to terms.
In view of the above, I would like to ask Minister of Business Ibrahim Baylan:
Can the Minister explain why this decision has been unreasonably long and also
account for when the Minister and the government will decide on possible
mining in Kallak and Laver?

Lars Hjälmered (M)

apparently it's just a briefing of the situation rather than the decision itself - still, anything that makes Gov't aware of dissatisfaction is going to help - embarrassing for Baylan I would imagine.

all official - just don't understand significance - no movement on aktie

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.riksdagen.se%2Fsv%2Fdokument-lagar%2Fdokument%2Fsarskild-kallelse--och-foredragningslista%2Fkonstitutionsutskottets-sammantrade---granskning_H7A7KU15%3Ffbclid%3DIwAR1hzZwKl7Sq1LxgNMxDIngQFwetThdXRW1FeJ41uI-bl4n-VjidD-4pIro

Notice: Committee meeting 2019/20: 15
Date and time: 2019-12-05 09:00
Location: RÖ7-08

1. Approval of minutes

2. Notifications

3. A transitional government's powers
Preparation
Rapporteur: ACB

4. Extra amending
budget Preparation
Rapporteur: KD

5. authorities boards
Preparation
Rapporteur: LW

6. Government handling of conflicts and conflicts of interest in the investigation Biojet for aviation - G2
Preparation
Rapporteur: LW

7. the Government management application for processing licenses for ore mining Kallak - G11
Preparation
Rapporteur: JJ

Appendix

1. Specific protocol 2019/20: 14
2. Review notification, preliminary plan for spring review
3. Draft will be divided during Wednesday
4-5. Draft
6-7. KansliPM

I guess it depends on the contract which we haven't seen - but wiki def;

Right of first refusal is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party or buyer and the option holder. In general, the owner must make the same offer to the option holder before making the offer to the buyer. The right of first refusal is similar in concept to a call option.

I read it as - if they match the winning bid they get it.

If the final bid is low we get the opportunity to buy it cheap (with a jv partner) I assume Oilex have been working on this basis. Not sure how we lose in this scenario - if the winning bidder gets it cheap that doesn't actually affect us - as long as they are committed to drilling and we get our money from GSPC it shouldn't really matter. The main thing is to get this thing behind us and move on.