Member Info for tony_currie

Mirasol looks like you are mistaken regarding production stopping!

Installing a second compressor on a gas well doesn’t necessarily mean you need to stop production. The process can often be managed without a complete shutdown, depending on the specific setup and requirements of the well.

In many cases, the installation of additional compressors is part of production optimization efforts to maintain or increase gas flow rates. However, there might be temporary interruptions or reduced production during the installation process to ensure safety and proper integration.

Adding a second compressor to a gas well can offer several benefits:

>Increased Production: By boosting the pressure, a second compressor can help maintain or increase the flow rate of gas, leading to higher production levels.

>Enhanced Efficiency: It can optimize the overall efficiency of the gas extraction process, ensuring that the well operates closer to its maximum capacity.

>Extended Well Life: By maintaining optimal pressure levels, a second compressor can help prolong the productive life of the well.

>Redundancy and Reliability: Having an additional compressor provides a backup in case one fails, reducing downtime and ensuring more consistent production.

>Pressure Management: It allows for better management of pressure drops and fluctuations, which can be crucial for maintaining steady production rates.

Presentation on Website today.

https://www.savannahresources.com/investors/presentations/

And video

https://www.savannahresources.com/media/videos/

Take over agreed. Rio Tinto has agreed terms to buy Arcadium Lithium for $5.85 per share. That represents a 90% premium to Arcadium's closing price of $3.08 per share.

Mine in Argentina, Australia, Canada - surely they need a EU mine!

Lots of late trades popped up - over 1 million shares - were they buys, we will see in the morning.

The excellent news about Hedges post June 23. Angus will only be hedging a sensible 1 million therms in future and these are at the great rates of 84p in summer and 92p in winter.

Revenue of £5.14m for the quarter, will increase significantly with the new compressor and hedge in place. Bargain at MCap of 12million.

Says it all -

"The results have further strengthened the Company's view that the current exploration completed to date has literally only just scratched the surface at Tambor. It's an exciting time for the Company to be exploring in such a proven gold belt of the KKI and we look forward to conducting further exploration to unlock the excellent exploration potential at Tambor and deliver value to our shareholders."

Good to hear we have 1 million Oz. Worth over £2 billion!

97p per therm going into winter (highest for six months).

The political uncertainty driving price up :-(

WG818 - not sure what reports you are looking at but the National Gas data shows very little fluctuation in production for Saltfleetby over September?

https://data.nationalgas.com/reports/find-gas-reports/view

Sounds pretty simple, ask Oasis :-)

Dynamic Pricing - noun

"the practice of varying the price for a product or service to reflect changing market conditions, in particular the charging of a higher price at a time of greater demand."

In reply to OofyProsser - It has already been made clear by our chairman that the new Hedges with Trafigura are between 80-90p AND have dynamic pricing going forward. This not only guarantees a sale price but doubles the price of our existing hedges to market levels, What's not to like!

A few delays, blamed on Portuguese government! Will Euro ever be get a move on?

Well patience is always the name of the game with this share.

WG818 - your hunt for negatives in the Angus story is mind boggling.

Angus are now the biggest on shore gas producer in Britain, the Hedge ends in June 2025 and they are looking at opportunities for storage and assimilation of expertise.

New Business Model just updated on the web page. Very interesting bit on Hydrogen storage.

https://www.angusenergy.co.uk/about-us/business-model/

"Recent academic studies have identified the Saltfleetby gas field as the third most promising potential H2 storage site in the UK, with theoretical storage capabilities amounting to 0.77TWhr, a substantial part of the 3.4 TWhr potential storage required in the early 2030s and one of the few onshore options available"

Sorry that should have read Lionhead! Patrick Quirk and son Paul Quirk (Non-Executive Director of Cora) own 32.1% of Cora shares through various trusts.

Previous RNS :-

"Cora has entered into an up to US$30 million mandate and term sheet (the 'Term Sheet') with Lionhead Capital Advisors Proprietary Limited ('Lionhead') to fund the development of the Company's Sanankoro Gold Project in southern Mali (the 'Project Financing'). This Term Sheet replaces the previous one with Lionhead, which was announced on 08 September 2021.

Lionhead have a reputation for discover and sell, buy out from a major predicted by me.

In answer to your question Robdog67. Cora gold are in an area of Mali that has rich seems of gold and many companies operate in that area. Here are a few Yilla gold; Rand gold; Papua Gold; Sanbrado Gold; Anchor gold; Central gold - the list goes on of potential buyers!

Yep, two 2 x 2 million buys.

Fully expect them to sell at a profit before spades hit the ground. Liontrust have history on this.

Some great new finds on top of the already excellent DFS.

Plenty of high quality samples all over Sanankoro.

Note: The World Gold Council defines between 8 and 10 grams per tonne as 'high-quality'

Looks like B2gold and Allied Gold have come to an agreement with the Mali government.

https://africanminingmarket.com/mali-mining-revival-boosts-toubani-gold-aspirations/19675/