Member Info for tony_currie

;-(

The buys and sells showing would hardly move the price so lots of hidden transactions to appear. This suggests big institution trades - do they know something or is it just a rebalance?

Gas storage in the UK is the biggest issue - anyone know how much we can store at Saltfleet?

https://www.msn.com/en-gb/news/world/uk-government-u-turns-on-gas-storage-to-try-and-ease-pressure-on-european-energy-crisis/ar-AAXTnRy?ocid=msedgntp&cvid=75bce166d2da4e41807e6dfd6a32eef6

Brilliant results again and Sanankoro DFS which will be completed in Q3 2022 with increased resource included.

? Final reverse circulation ('RC') drilling returns some of the best oxide intercepts from the 2022 drill programme, with highlights including:

o 12m @ 7.61 g/t gold ('Au') from 18m in hole SC0639 at Selin South

o 13m @ 4.97 g/t Au from 61m in hole SC0650 at Zone B North

o 14m @ 2.00 g/t Au from 64m in hole SC0640 at Selin South

o 11m @ 2.42 g/t Au from 120m in hole SC0648 at Selin South

o 12m @ 2.08 g/t Au from 49m in hole SC0636 at Selin South

o 13m @ 1.90 g/t Au from 18m in hole SC0637 at Selin South

o 4m @ 6.34 g/t Au from 26m in hole SC0658 at Target 6

Just a thought - Is there likely to be some good news before the 13th of June?

Simple vote - yes we do want to acquire the additional 49% :-)

HeadinSand - I'm a bit mystified by your comments. First you say the numbers I and others give of £7 million revenue is wrong then you quote £6.3 million - hardly a big difference. additionally you fail to take into account Brockham and other oil sites.

The main benefit of owning 100% is that even with the lowest prediction of 1.5 therms per month (and without the sidetrack) Angus can now cover the hedge and make a profit (around £7 million per annum).

Plus we have a confirmed Brockham is in production at around £1.8 million per annum. All looking very good when we further expand gas and Oil production.

Just read in detail, the really IMPORTANT bit is ...

"In that regard we should note that over 70% of overall field revenues are unhedged."

Great news ...

George Lucan, CEO, comments: "An opportunity has arisen to consolidate our partners' 49% holding in the Saltfleetby asset for up to £14.052 million which represents a significant discount to the October 2021 P90 valuation of our own 51% interest at £25.4 million. That October 2021 CPR used an average price per therm for gas of under 70 pence over the entire life of the field whilst the Heren NBP forward price for gas is presently trading at a level which is over double that number out to 2025. In that regard we should note that over 70% of overall field revenues are unhedged.



Equally important to the Company's long-term future is to attract the support of a strategic investors in the group led by Aleph, who have shown repeated commitment to Angus and have the resources and shared ambitions to grow Angus's production in hydrocarbons and support its plans in relation to alternative and renewable energies.



Project progress at Saltfleetby is excellent with all major equipment on site, electrical and pipework tie-in underway, and select dry commissioning already begun. With a conservative estimate for wet commissioning we are confident of being able to make initial nominations, or First Gas, toward the middle of June. We aim to focus on new opportunities as soon as this milestone is achieved."

So currently 50 barrels per day is roughly a revenue of £1.8 million and the plan is to double that. Excellent news.

19-May-22 15:35:39 1.40 2,000,000 Unknown* 28.00k O
19-May-22 09:55:33 1.39 5,000,000 Unknown* 69.50k O
19-May-22 17:06:22 1.375 3,057,200 Unknown* 42.04k O
19-May-22 14:51:16 1.428 2,400,000 Unknown* 34.27k O
19-May-22 15:33:52 1.417 1,058,574 Unknown* 15.00k O

None on here or the telegram group knows what is going on with EUA. Lots of theories spouted lots of ITK claims yet not one person got the reason for suspension right. EUA have been and still are water tight regarding the sale progress.

This one from Warren Buffet says it all “The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling, ‘Swing, you bum!,’ ignore them.”

Yes the resource from November last year stood at 809.3 thousand ounces (koz) of Au. This represented a +200% increase in total ounces from the maiden MRE.

It's expected that the new resource (which will be included in the DFS) will take us past the1 million ounces which puts Cora in the big league. Rough calculations give £1.4 billion of gold in the ground.

Couple of things to remember.

1) Most of the gold is open cast near surface
2) The Quirk family (major shareholders) have a reputation of realising value and then selling companies.

Highlights

? Reverse Circulation ('RC') drilling highlights from Zone B North:

o 17m @ 2.85 g/t gold ('Au') from 81m in hole SC0616

o 11m @ 1.99 g/t Au from 31m in hole SC0608

o 11m @ 1.35 g/t Au from 53m in hole SC0612

o 31m @ 0.97 g/t Au from 15m in hole SC0615

? Including 4m @ 2.18 g/t

o 11m @ 1.29 g/t Au from 10m in hole SC0618

Bert Monro, Chief Executive Officer of Cora, commented, "The latest results from Zone B North once again show shallow oxide mineralisation of good widths and grade. 17m at 2.85 g/t Au is a very positive drill hole as we target upgrading the Zone B North deposit to Indicated Resources. We look forward to releasing the results from the final phase of the programme, which focussed on Selin and follow-up holes at the new discoveries at Fode 1 and Target 6, in the coming weeks."

Zac seems quietly confident "Eurasia Mining (EUA) said that trading in its shares has been temporarily suspended pending an announcement. It will be interesting to see whether the naysayers finally get their comeuppance and the bulls their big M&A deal?"

Bert Monro, CEO of Cora, commented, "2021 was a year of strong progress for Cora, with significant Resource growth at Sanankoro and very well supported capital raises as we look beyond the DFS. With these milestone foundations in place, 2022 is expected to be just as formative as we focus on mine development, with the DFS nearing completion to determine the optimum route for production.

"Post-period end, during Q1 2022, Cora started a +7,500m drill programme at Sanankoro focused on enhancing the current MRE of 809.3 koz at 1.15 g/t Au. This drilling was completed in April 2022. On 09 May 2022, we announced the first of these results showing a number of shallow oxide intercepts, including 25m at 2.38 g/t Au, plus the identification of two new gold discoveries, Fode 1 and Target 6, both in close proximity to existing Mineral Resources. We look forward to sharing further results from the 2022 drill programme as we receive them.

https://news.sky.com/story/ukraine-war-military-intelligence-chief-optimistic-of-russian-defeat-saying-war-will-be-over-by-end-of-year-12612320?dcmp=snt-sf-twitter#

4 hour Journey - hope they are working on install this weekend!

BTW "RYSTAD ENERGY SAYS GAS PRICE IN EUROPE MAY RISE TO $3,500/TCM IN WINTER"

Wish EIA could be as quick as 6-7 weeks for the Savannah mine!