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s28 said:
RLD - have to love that they announced after market close on Monday they had a break-in on Sunday at their storage facility after putting out a 'Positive' RNS in the morning. What a bunch of clowns. Would love to see some of the cretins who run these Companies getting voted out at AGM/EGMs
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LOL there you go! what utter clowns
 
Simply extraordinary.

Deal only happened in February.

big.chart
 
http://www.cityam.com/latest-news/shale-gas-plan-be-unveiled-chancellor

and in the FT

http://www.ft.com/cms/s/0/6d0c626c-3d73-11e2-b8b2-00144feabdc0.html#ixzz2E1zKaDVB


George Osborne is to approve up to 30 gas-fired power stations in a move which will also see a new regulator and possible tax breaks for the controversial shale gas sector.

Mr Osborne’s Autumn Statement will aim to bolster Britain’s long-term growth potential including setting out a strategy for gas, which many Tory MPs believe offers the hope of cheap energy in the long term.
 
Thing is EE both TYM and RLD seem to have been delivered almost fully formed projects overnight which given their Market Caps could have similar transformative effect that that project had on ASX:SYR
 
Tym - its currently based on historic data which they cannot verify as drill cores could not be located. How soon they going to start drilling? Once it settles, it would be good to have a position in.
 
TYM - it's 1.5km trend so assuming they can't find the drill cores maybe they will at best just need to do 4-6 (or whatever constitutes a representative sample) 100m holes to confirm the earlier data or maybe 15 holes of 100m depth at 100m spacing ? That'd be 1500m in total. But it's a square 1.5km by 1.5km so maybe could extend to 30 holes ?

Off the top of my head I think the drilling cost (diamond) is $100 per 1m so they need $150,000 ? (maybe $300k?)

they could have raised that in the SEDA by now which I think is operational at the moment and holding the price back.
 
RLD - this time last year a bunch of directors paid 11.5p so I think paying half that one year on now they seem to be close to agreement with Tanzanian Government and have discovered a ready made Graphite mine is great value opportunity.
 
What is RLD daily or yearly production like?...

On the face of it, if they can sort out illegal mining and entice the Government in providing adequate security, this should be a no brainer.

TYM is working on the basis of recent and old data. If they can confirm the resource, it will explode. Remember Beowulf going from 3p to 70p in 2010/11 once they got a tentative Jorc estimate. Even a 10 bagger from now, the mcap will only be £88 million!
 
RLD were meant to be producing at a rate of $20m per annum. that presentation a few posts up at the back has a slide on their Tanzanite production. I've never been a fan it seems like a very poor girls diamonds did Tanzanite but it's decent cashflow and now they actually have a decent growth project in a proper Industrial supercommodity.

Graphene is supposed to be like gold dust in the future because it can do everything cheaper and stronger than other materials so Graphite the basic ingredient for that has become a hot commodity.
 
Here is some stuff on Graphene

http://astounde.com/graphene-super-material-of-the-future/

Graphene is the strongest material known to man at 200 times stronger than steel. It is the thinnest possible material feasible, and scientists have said that it almost conducts electricity too well to be used in computers. If you had a saran-wrap thin piece of graphene, an elephant standing on a pencil might not be able to break it. Graphene has the properties to revolutionize electronics and countless other aspects of the world. It may very well change our lives forever.

IP Group made an Investment in some startup Uni project Durham Graphene Sciences

Dr Karl Coleman, founder of DGS,said:

"Graphene is a breakthrough advanced material that could change hundreds of the products we use in everyday life if this technology can be applied, as we think it can, across pretty much every sector. Effectively the things we use will be stronger, lighter, more flexible, have increased performance and potentially be much cheaper to buy - it's that revolutionary."
 
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100m net pay being rumoured in TT for Range for the first deep well. if true would be massive turn around for them.

Keep an eye on this. A good trade to be had depending on the RNS.
 
No doubt Landau will ramp the shcizz out of it. Lets see if it can break and sustain above 50 day. They are so short of cash expect a SEDA drip feed straight away.
 
The information is coming from the guy who had spot on information about the drills in puntland to the extent that trading in rmp had to be halted as information he was providing on a bb was too close to the bone.

Anyway, it will be pumped upto 8 p minimum i think. Hence i said trade it.
 
Lets see how quickly it moves. RRL has a loyal following and I can see it climbing very quickly on some decent news.

Cash is definitely next to nothing, so PL will pump it like only PL can to take advantage before any placing.
 
This what matters most to him

http://www.okapventures.com/

Everything is under OKAP umbrella

Over the last 3 years, Okap has project managed over AUD$300 million in equity, debt and convertible and structured debt raisings through the ASX and AIM listed companies that it manages. Okap’s success is directly related to the calibre of its people who hold a wealth of both national and international experience with a diverse combination of strategic, operational and financial skills in both the natural resources and investment banking and legal sectors.

[/quote}
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ORE had a seemingly good RNS but down 8%!

s28 - you keeping an eye on this? If you have time, pour over the RNS please.
 
ORE - have followed it since inception

The Management have lots of other jobs so I don't think they are focused on ORE.

Also it is a very early stage project which will require a lot of work to prove up and lots more dilution so I am not a big fan given it is priced far higher than companies with proven resources.
 
RLD

http://minesite.com/news/richland-resources-plans-to-restart-graphite-production-at-merelani

December 06, 2012

Richland Resources Plans To Restart Graphite Production At Merelani

By Alastair Ford


It’s been an interesting few days for Bernard Olivier, the chief executive of Richland Resources.

Just as he was getting ready to put out a useful-looking announcement about a planned move back into the graphite space, a call came in to say that there’d been a robbery at the main sorting house at its Merelani tanzanite mining operation in Tanzania.

The police were called in, and a stock-taking process is now underway to assess the value of any loss, the company said in a terse statement released on Monday morning.

Far more expansive was the news about the plans for graphite mining, announced on the same day.

Back in the day, mining operations at Merelani were originally centred around graphite. It was a project that was originally developed by SAMAX, the old vehicle of John Park, Guy Pas and Michael Martineau, which did so much to open up mining in Tanzania.

SAMAX even did a feasibility study on the project based around a 25 million tonne resource assaying 6.9% carbon, and subsequently mined 8,000 tonnes of graphite.

Sufficient reserves were established to support a 40 year mine life, but there came a time in the late 1990s when graphite prices dipped to US$480 per tonne and the mine had to be shut down.

The property then changed hands a couple of times, until Richland, which was then known as Tanzanite One, picked it up back in 2004, when former chief Mike Nunn was still at the helm.

Mike engineered the subsequent move into tanzanite mining, and set his wife up as the prime mover in a separate but intricately connected marketing vehicle.

Mike is now long gone, but after tanzanite became central to the company, Bernard quickly established himself as one of the leading experts in tanzanite geology in the world, and has been a major player at the company ever since.

Now though, he sees an opportunity to take Richland back to its roots, and the reasons are pretty clear. The graphite price has improved markedly even if there has been a slight correction of late, and at the current US$2,500 per tonne for flake graphite there are once again good margins on offer.

Graphite has been very much in favour in Canada in recent months, but the London market offers less exposure. There’s an Australian graphite asset sitting inside Andrew Bell’s Red Rock Resources, which may yet prove to be a significant value driver for the company.

And there’s a relatively new vehicle called Stratmin, which is currently in the middle of a fundraising designed to get an old graphite operation in Madagascar re-started. But that’s about it.

Richland will be a useful addition to the list of potential choices for London investors seeking exposure to graphite, partly because the Merelani graphite mine is a former producer, but perhaps more significantly because it’s only a kilometre away from the company’s tanzanite operations, meaning that a whole lot of logistical and administrative challenges have already been solved before the project even gets going.

The plan now is to investigate the economic potential of a re-start via a feasibility study. As an additional kicker, Richland also points out that it has 6,000 tonnes of graphite carbon sitting on surface in the form of tailings from the existing tanzanite mining operation, which could provide early easy cashflow.

Earlier in the year Richland had a bit of a tangle with the government of Tanzania over the terms of its licence, but it looks as though that will now be resolved and that one result will be that the government may end up taking a stake in the company.

If that happens, having the government as a shareholder ought to allow for a relatively easy licensing and permitting process for any new graphite operation.
 
jaspa888 said:
http://www.dailymail.co.uk/news/article-2243460/Osborne-dashes-gas-offers-Lucrative-incentives-trillion-pound-fracking-industry-come-Britain.html
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They never seem to put any numbers on what these incentives are !

But hopefully this will be enough of a positive signal to get US shale firms or European majors to start buying up or farming into the licences of the likes of EOG,EDR,IGAS etc

IGAS claim to have about 10tcf ; EDR about 1.5 tcf

Cuadrilla claim c.200tcf !

EOG don't comment but they have so much acreage over the same Bowland shale as Cuadrilla one would imagine it is also multi-tcf ?
 
Badsha we have been discussing exactly that sort of rubbish for the last few pages.

See constant reference to 'Dash for Trash'.
 
WTI shaping up really nice with respect to its 50 and 200 day MA' s jaspa

Another one regarded as trash even by those who are long it :-p
 
Mid Jan it seems... final quarter review.

$20m profit and yet £22m mcap....... why is that?
 
Don't know WTI well enough

Off the top of my head, lots of one-offs in that $20m figure

Also they need to fund Tschudi ?

Management have overpromised and underdelivered for a while

Copper is key strategic mineral so one would think they can get a decent strategic investor involved but what price ?
 
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SUBJECT: GAS DISCOVERY AT SULEMAN-01 (EXPLORATORY)-KHEWARI E.L., DISTRICT KHAIRPUR-SINDH

Dear Sir,

By the grace of Almighty Allah, Joint Venture of Khewari Block comprising of Oil and Gas Development Company Limited (OGDCL), Operator having working interest (95%) and Government Holdings (Pvt) Limited (5% carried) has discovered Gas from the Exploratory Well Suleman-01, located in District Khairpur, Sindh Province.

2. The structure of Suleman-01 was delineated drilled down to the depth
of 4,575 M targeting to test the potential of Lower Goru formation of cretaceous age. The Well flowed @ 20 MMSCFD of gas through 32 / 64" choke and wellhead flowing pressure of 3,340 Psi.

3. The above is being provided to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance.

http://www.investegate.co.uk/oil-an...-discovery-at-suleman-01/201212061006018981S/
 
They are looking mobilise Tschudi, which should be announced by end of December. They are looking at contractor partnerships, debt and equity options, but either way the company will need to raise profile with positive newsflow to maximise shareholder value before the decision is made.
 
Shale gas bubble article - interesting read.

http://oilprice.com/Interviews/Shal...e-to-Pop-An-Interview-with-Arthur-Berman.html

Shale Gas Will be the Next Bubble to Pop - An Interview with Arthur Berman

The “shale revolution” has been grabbing a great deal of headlines for some time now. A favourite topic of investors, sector commentators and analysts – many of whom claim we are about to enter a new energy era with cheap and abundant shale gas leading the charge. But on closer examination the incredible claims and figures behind many of the plays just don’t add up. To help us to look past the hype and take a critical look at whether shale really is the golden goose many believe it to be or just another over-hyped bubble that is about to pop, we were fortunate to speak with energy expert Arthur Berman.

Arthur is a geological consultant with thirty-four years of experience in petroleum exploration and production. He is currently consulting for several E&P companies and capital groups in the energy sector. He frequently gives keynote addresses for investment conferences and is interviewed about energy topics on television, radio, and national print and web publications including CNBC, CNN, Platt’s Energy Week, BNN, Bloomberg, Platt’s, Financial Times, and New York Times. You can find out more about Arthur by visiting his website: http://petroleumtruthreport.blogspot.com

In the interview Arthur talks about:

• Why shale gas will be the next bubble to pop
• Why Japan can’t afford to abandon nuclear power
• Why the United States shouldn’t turn its back on Canada’s tar sands
• Why renewables won’t make a meaningful impact for many years
• Why the shale boom will not have a big impact on foreign policy
• Why Romney and Obama know next to nothing about fossil fuel energy

Interview conducted by James Stafford of Oilprice.com

Oilprice.com: How do you see the shale boom impacting U.S. foreign policy?

Arthur Berman: Well, not very much is my simple answer.

A lot of investors from other parts of the world, particularly the oil-rich parts have been making somewhat high-risk investments in the United States for many years and, for a long time, those investments were in real estate.

Now these people have shifted their focus and are putting cash into shale. There are two important things going on here, one is that the capital isn't going to last forever, especially since shale gas is a commercial failure. Shale gas has lost hundreds of billions of dollars and investors will not keep on pumping money into something that doesn’t generate a return.

The second thing that nobody thinks very much about is the decline rates shale reservoirs experience. Well, I've looked at this. The decline rates are incredibly high. In the Eagleford shale, which is supposed to be the mother of all shale oil plays, the annual decline rate is higher than 42%.

They're going to have to drill hundreds, almost 1000 wells in the Eagleford shale, every year, to keep production flat. Just for one play, we're talking about $10 or $12 billion a year just to replace supply. I add all these things up and it starts to approach the amount of money needed to bail out the banking industry. Where is that money going to come from? Do you see what I'm saying?

Oilprice.com: You've been noted suggesting that shale gas will be the next bubble to collapse. How do you think this will occur and what will the effects be?

Arthur Berman: Well, it depends, as with all collapses, on how quickly the collapse occurs. I guess the worst-case scenario would be that several large companies find themselves in financial distress.

Chesapeake Energy recently had a very close call. They had to sell, I don't know how many, billions of dollars worth of assets just to maintain paying their obligations, and that's the kind of scenario I'm talking about. You may have a couple of big bankruptcies or takeovers and everybody pulls back, all the money evaporates, all the capital goes away. That's the worst-case scenario.

Oilprice.com: Energy became a big part of the election race, but what did you make of the energy policies and promises that were being made by both candidates?

Arthur Berman: Mitt Romney, particularly, talked about how the United States would be able to achieve energy independence in five years. Well, that's garbage.

Relevant Article: High Risk Investing - The New Trend in Energy: Interview with Andrew McCarthy

Anybody who knows anything about oil, gas and coal, knows that that's absurd. We were producing a little over 6 million barrels a day thanks to an all-out effort in the shale oil play. We consume 15 million barrels of oil a day and that leaves the gap of 9 million barrels per day. At the peak of U.S. production, in 1970, the U.S. produced 10.6 million barrels per day. Like I said, either the guy doesn't know what he's talking about, or is making a big joke of it.

Obama didn’t talk so much . . . He's a hugely green agenda kind of president and I'm not opposed to that, but he's certainly not for the oil and gas business. It wasn't until he got serious about thinking about his re-election that he decided to take credit for what really happened.

Oilprice.com: Japan recently announced that they are going to be phasing out nuclear power. What are your views on nuclear? Are we in a position to abandon this energy source?

Arthur Berman: No. Japan is a special case. The disaster at Fukushima, the nuclear reactor, was right on top of a major fault. So, that was a dumb place to put it.

To wholesale abandon nuclear power because one reactor was incredibly stupidly planned, to me seems like a bit of a . . . well, I can't tell people how they should react, but if I were a Japanese citizen, and the truth was that we have no oil, we have no coal, we have no natural gas, the next question is, "Well, if we get rid of nuclear, what are we going to do?"

It's a really good question to ask. If you don't have anything of your own, how are you going to get what you need? The answer is that they have to import LNG and that's very expensive.

Right now, natural gas is selling in Japan for $17 per million BTUs. You can buy the same BTUs in Europe for $9 today, or in the US for $3.25

Relevant Article: The Myth of Affordable Energy - Interview with Ed Dolan

Oilprice.com: What about Germany’s decision to also phase out nuclear power?

Arthur Berman: For Germany to abandon nuclear… that decision is truly delusional because they haven't had any problems over there. Nor is Germany particularly earthquake prone or tsunami prone. They have forced themselves into a love relationship with Russia.

Oilprice.com: What are your views on Canada's tar sands? Are they a rich source of oil that the U.S. needs to exploit? Or do you think they're a carbon bomb, which could do irreparable damage to the climate?

Arthur Berman: Well, that's a very good question. I suppose they're both, as are virtually all things that burn. Right? They're a very rich source of oil. And they're dirty. It requires a lot of natural gas heating to convert them into some usable form, a lot of processing, but here's the thing, if the United States doesn't buy that oil from Canada, do you think Canada's just going to say, "Oh. Okay. Nevermind. We'll forget about all this."

No. They're going to sell it somewhere else. They'll probably sell it to Asia. So, the issue of the carbon bomb doesn't get resolved by the United States not taking the oil.

So, to me, that's off the table. Yes. I think it's an incredibly sensible play to get your oil from a neighbour, and a neighbour who you trust, and it doesn't require overseas transport and probably getting involved in periodic revolutions and civil uprisings.

Oilprice.com: Is there any technology, any development you see coming in the future that can help us get where we need to be? Is conservation really the only answer or do you have any hopes for some of the alternative energy technologies, such as solar or, even, some of these more advanced technologies such as Andrea Rossi’s E-cat machine?

Arthur Berman: Oh. I have all the enthusiasm for technology that you could ask for. I'm a scientist and I love technology but I heard a very good presentation several years ago on your exact question and the man who gave a talk said, "I'm going to give you a rule to live by. If it's not on the shelf today, then a solution is no sooner than ten years in the future." So, when you talk about E-cat and you talk about algae and all this kind of stuff, it's not on the shelf today. So, that means it's in some sort of pilot stage of testing.

Work harder guys. Work harder and faster because you've got a lot of work to do. So, yes, I'm enthusiastic. I think there are some great ideas out there but I don't see any of them helping us in the coming five to ten-year period.

Oilprice.com: Environmentalists talk about the evil of fossil fuels, but have they really done their research to see how vital it is to pretty much everything that we base our modern lives upon?

Arthur Berman: Well, that's exactly right. My oldest son and his family until recently lived in California, and in California people think electricity comes from the wall. They don't have any idea that most of their electricity comes from horrible coal-fired power plants in New Mexico and Arizona. As long as they don't have to see it, they don't have a problem.

But, in this world, and in this life, we're all connected and if you see something you don't like, there's a good possibility that whatever they're doing there has something to do with something you're using. So, this is an issue.

Oilprice.com: Arthur, thank you for taking the time to speak with us. For those readers who may be interested in contacting Arthur please take a moment to visit his website: http://petroleumtruthreport.blogspot.com/

http://oilprice.com/Interviews/Shal...e-to-Pop-An-Interview-with-Arthur-Berman.html
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nice to see Arthur Berman agrees with me shale gas will be a fad at best

that's why I'd look to play it via something like EOG with existing conventional assets which are undervalued and the unconventional stuff is just gravy IF there is a bubble

he's right about that 10 year stuff as well, if it ain't on the shelf now just assume it'll take 10 years to develop the technology until it is commercially ready

having said that I remember Hydrogen car / fuel cell companies talking about 'within ten years' ten years ago and now ten years later it still looks about ten years away
 
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The US doesnt give a **** about ecological issues, so I can see them going down the shale route rather than being held to ransom from the Middle East & Russia.
 
jaspa888 said:
The US doesnt give a **** about ecological issues, so I can see them going down the shale route rather than being held to ransom from the Middle East & Russia.
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They will always be held to ransom.... It will always cost US more to produce. Saudis and Russia can produce more and cheaply for that matter and consequently drop the oil price. The US needs the Oil to be at a certain price for it to remain economic.

The next kingpin is Iraq. Once they sort themselves out, they too can produce at the rate of the Saudis.

Other point Bernham is making that the field drop rate annually is substantial and to keep production as is, you need to continually invest quite a bit.

Therefore, in a way, uncertainty, war and demand for more oil from china and India is good for US as it all helps to keep the price of oil well above the shale oil economic threshold.
 
True re the decline rates being frightening which is why many shale stocks been de-rated. They are addicted to oil but rather than address that they keep trying to muddle along.

They should move towards more gas based economy than oil if they genuinely want to move away from dependency on Middle East but even gas will take a lot of up front investment to monetise as it isn't as easily transportable as oil.
 
PVCS if it breaks 10p on volume will be interesting.

I reckon 23p/share net cash and 30-40p net tangible assets per share.

If they wind up Company could see a 20p+ return in 6-12 months ?

or they keep going and survive to other side of current downturn (wait for US and EU anti-dumping duties to impact Chinese) and then potential for 50p+ longer term ?
 
Fair comments EE.

I was talking more about economic leverage on non-US soil. At the moment, the US spends squillions on safeguarding its Middle East oil supply. While fracking is expensive initially, the payback could be contra'd against this cost.
 
WTI

Angels Share
7 Dec'12 - 10:07 - 12335 of 12335 0 0

Rod's new Proactive vid.........

Thursday, December 06, 2012
Rod Webster CEO of Weatherly International (LON:WTI) looks ahead to news early 2013 in the new copper mine development in Namibia. Rod says that, having got the company back on track with profits from the underground mines, WTI is now entering the growth phase. He anticipates an announcement in January on the results of the feasibility study and, linked to this, will be the decision to how the project will be funded.

http://www.proactiveinvestors.co.uk...al-awaits-feasibility-study-release-1549.html
 
EOG is the only one which has definite imminent newsflow. TYM might have shot their bolt for now. INFA due to drill Q1 2013 so should be coming out with news sometime on mobilisation plans ? I guess they have to wait for BP to call the shots though.

EOG - AGM next week they usually put out a statement, they did last year. May just be keeping counsel ahead of Holmwood planning appeal ? Still happy to accumulate as it has multiple potential newsflow catalysts and it shouldn't need to raise money given cashflow and farm-out potential

http://www.investegate.co.uk/europa...-(eog)/prn/agm-statement/20111213070000P9BE8/

INFA - disappointing drop off on 'lack of news', some may think 'spring 2013' is too long to have their money tied up for a Government decision on possible Gas Storage investment incentives. It's a bit silly/moronic etc to say you'll do something like Oilbarrel and then pull out. It's come back to Golden Cross level on low volume so I'm happy to accumulate again.

TYM - looks like just a technical retrace. Fluorspar has held up so well compared with other commodities it should ultimately be worth waiting for the newsflow.
 
Thanks s28. Very frustrating, and the normal pre-Xmas drop off means I may as well switch off my screen for the next month.
 
PVCS

RAINMAKER'S VALUE THREAD - VAL

Rainmaker - 06 Dec 2012 - 12: 44: 31 - 4066 of 4071

Solar wafer manufcturer, PV Crystalox(PVCS) going well currently 9.61p bid, 9.98p offerered which values the Company at �41mln. I've seen a broker report estimating that net cash per share year end will be circa 17p. I don't agree with this figure since the Company is operating profitable contracts and will receive compensation for negotiated contract breaks.

I think at the very heart of the Company's undervalaution is not just it's discount to cash but moreover the fact that at current levels you get E89mln of tangible fixed assets completely free of charge, worth �72mln at current �/E exchange rate of 1.23-that's nearly twice the current market cap and that's in addition to the huge discount to net cash. Do these tangible fixed assets really have no value to a buyer of the business or in a voluntary liquidation?Think again Mr Market.

AIMHO, DYOR

regards
 
"Having said that, we are very encouraged that the Bowland shale is a super giant continuous gas accumulation which has the ability to transform the socio-economic landscape in the UK; much like has happened in the USA from the development of its shale gas reserves."

Abstract from
AJ Lucas Group Limited 2012 Annual General Meeting.
Chairman�s Address, 30 November 2012.

http://www.lucas.com.au/files/ASX-A...dress-2012-AGM-ASC-version-Final-Adjusted.pdf
 
EOG due a run if the loser CEO can muster a decent statement

PVCS free money nobody wants

AGL amateur but should get saved by Parsortix next year and perhaps Geomerics
 
INFA

http://oilbarrel.com/news/while-not...-main-focus-is-now-on-oil-and-gas-exploration

December 10, 2012

While Not Abandoning Its Gas Storage Projects Entirely InfraStrata’s Main Focus Is Now On Oil And Gas Exploration

InfraStrata plc has been best known as a gas storage company. Indeed, when it was de-merged from mostly UK onshore E & P and fellow AIM-listed junior Egdon Resources in January 2008, it was named Portland Gas after the place in Dorset in southern England where its then flagship gas storage project was sited.


Gas storage has not been abandoned altogether, but now, as it emphasises in its “Final results for the year ended July 31 2012” report, and it’s separate, “Exploration Update”, the company’s focus is increasingly on oil and gas exploration activities. The two areas involved for exploration happen to be where the group’s gas storage projects are also to be found; namely Dorset and Northern Ireland. But they are, of course, very different kinds of operations.

The PL1/10 licence in the Larne-Lough Neagh Basin, Northern Ireland, in which Infrastrata has a 46 per cent interest and is the operator, covers an area of 663 square kilometres, largely onshore. The company has a direct 30 per cent interest and a further 16 per cent indirect stake through its 40 per cent shareholding in Brigantes Energy which has a 40 per cent involvement in the licence.

A second seismic survey completed in June 2012 increased the total new 2D acquired for the company by Tesla Exploration International to 400 kilometres. Processing of the data was completed early October 2012, and interpretation of the data resulted in the mapping of more than twenty leads within this large licence area.

The licence covers the central part of the Larne-Lough Neagh Basin. There has been a limited amount of drilling in the underexplored basin over the past 40 years; largely for coal exploration and geothermal feasibility. These wells did confirm, however, the presence of good sandstone reservoirs and seals within the thick Permo-Triassic and carboniferous source rocks similar to those found in the prolific East Irish Sea Basin.

Only one petroleum exploration well has been drilled previously within the licence area; a well drilled by Shell and Marathon in 1971, before any seismic was acquired. The basin was largely ignored while other areas in the UK were extensively explored in the 1970s and 1980s. One of the reasons for this lack of attention was the presence of thick basalts extensively covering the surface of County Antrim. Recent advances in technology have enabled Infrastrata to image structures beneath the basalt. InfraStrata CEO Andrew HIndle finds this development “very exciting” in terms of the potential for the basin.

An initial “most likely” estimate of the prospective resources, by the joint venture partners, (which include Cairn Energy and Terrain Energy) for the first of the prospects they would like to drill is around 13 million barrels of oil (mmbo) recoverable (net 6 mmbo to InfraStrata) within the primary Triassic Sherwood Sandstone. The joint venture partners want to drill their first well to around 650 metres below the surface during 2013.

The second oil and gas project is in the Wessex Basin in southern England. The P1918 licence (78 per cent net interest) is offshore the Dorset coast. There are three blocks covering 584 square kilometres close to the prolific Wych Farm field. A total of seven wells have been previously drilled within the licence six of them showing oil and gas shows and three of them flowing oil and gas on test. Of particular interest to the joint partners is the Purbeck Prospect, an anticline in the east of the licence updip of the onshore well Southard Quarry-1 well, which encountered oil in the Jurassic and Triassic reservoirs during 1989, but which was not tested.

An initial “most likely” estimate of the prospective resources, by the joint venture partners, for the primary reservoir objective, the Triassic Sandstone is approximately 100 billion cubic feet of gas recoverable (net 78 bcf to Infrastrata.) Following a reprocessing of 2D seismic, a planning permission application is planned for Q1 2013 so that an appraisal well could start drilling before the end of 2013.

InfraStrata is not flush with cash. It had around £1.9 million in the bank as of July 31, but the exploration programme has found that investment has come in the preparatory stages, largely through industry partners. Some further farm ins might be necessary, however, when it comes to the actual drilling.

Overall the company reported a loss for the year of £19.7 million largely relating to Portland. It says, though, that Portland project was not a cash impairment. The Portland project was once the company’s flagship scheme. It was to be a 1000 million cubic metre gas storage facility in salt caverns costing £500 million. Planning permission was granted early in 2008. But the collapse of financial markets in October of that year meant finance became impossible to obtain. Moreover, the investment was against a backdrop of a closing of the summer-winter gas price spread which undermines the financial case for all but the very flexible gas storage projects in the UK.

The company believes that it is unlikely the seasonal gas storage market will improve in the short term and the impairment has been made against Portland as storage project for the foreseeable future. Other possible future uses for the site include salt production and export, the generation and export of electricity and the siting of petroleum production facilities. An application for a carbon capture and storage (CCS) scheme was rejected.

Infrastrata’s other gas storage project the Islandmagee Storage scheme in Northern Ireland is very much, on the other hand a going concern -- there is great flexibility in gas storage here it seems. Islandmagee Storage limited was granted planning permission for a £400 million natural gas storage facility at Islandmagee in Country Antrim in October 2012. IMSL plans to create seven caverns, capable of storing up to a total of 500 million cubic metres in Permian salt beds around 1,500 metres beneath Larne Lough.

IMSL is a joint venture between Infrastrata (65 per cent) and Moyle Energy Investments (35 per cent). In January2012 IMSL entered into agreements with BP Gas Marketing (BPGM) for the appraisal of the project and the option for BPGM to acquire a 50.495 per cent equity interest in IMSL. Under the terms of a Joint Appraisal Agreement BPGM has agreed to fund the activities necessary to develop the project. An important next step is to drill an initial appraisal well. The company is hoping to drill this back to back with the exploration well on Licence PL1/10 in 2013. Samples of the Permian salt will provide the technical confirmation and final design parameters for the project.

The Islandmagee project has a number of advantages which enhance its commercial case. These include its closeness to gas infrastructure particularly the SNIP (Scotland to Ireland Pipeline) Inter-connector at Ballymumford which is owned by Moyle’s parent, Mutual Energy.

The proposed gas storage facility (it should take seven years to build the whole project ) will make a significant contribution to the security of gas supplies for the whole island of Ireland. Northern Ireland itself is dependent on gas imported for 65 per cent of its electricity generation with 90 per cent of the island’s gas imported via a single pipeline from Scotland. The facility when complete, will store enough gas to satisfy Northern Ireland’s demand for around 60 days.

Also Northern Ireland has a target to generate 40 per cent of electricity from renewable sources by 2020. This will be mostly from wind power. A shift to renewables is likely to place an increasing reliance on gas fired power stations to support inherently intermittent supply from wind. Facilities like Islandmagee will be important in being flexible in response to the increasingly fluctuating demands for gas to fuel this electricity generation requirement.

All this goes to suggest that after all the disappointments of the Portland project which saw the share price fall from over 400p at one point in 2008 to under 10p, where it still is today, the company looks as if it really is getting traction on its remaining gas storage project, and going places with its exploration plans. Andrew Hindle says: “Two exploration wells together with the appraisal well for the Islandmagee gas storage project—all have the potential to unlock very significant value for shareholders.” Two thousand and thirteen could be a good year for the company.
 
EOG - AGM statement, no mention at all of Shale at a time when it is front and centre of debate/interest

what a bunch of cretins
 
CPX

This chap Elliot is now the Chairman having been appointed as Non-Exec just a few months ago. Has almost 1m shares so hopefully will start to get them moving.

Patrick J D Elliott, BCom, MBA, CPA, is a company director with 40 years
experience in investment and corporate management. His early career was at
Consolidated Gold Fields Australia Limited and covered investment analysis,
management and marketing. In 1979 he went into investment banking and became
Head of Corporate Finance for Morgan Grenfell Australia Limited in 1982. Pat
subsequently became Managing Director of Natcorp Investments Ltd in 1986 which
owned Hendersons Industries Limited, a manufacturer of automotive components.
After its takeover he became an active early stage venture capital investor.

Patrick will be joining the Cap-XX Remuneration Committee and the Audit
Committee. He currently has an interest in 800,000 ordinary shares in the
Company through his 50% shareholding in Panstyn Investments Pty Ltd. A full
list of his current directorships is listed below.

Michael Quinn, Chairman said "We are delight that Patrick is joining the board
of CAP-XX. His considerable experience of financial markets and the
automotive components industry will be valuable as we develop additional
markets for our supercapacitor product."
 
AKR - what do you make of this ?

3.5m order for $1m today and a potential market size of 30-60-140m ??? of which they could be one of three players ?

sounds a bit nuts, any French amongst us ?

3.5 million unit Order for Breath Alcohol tubes

Part Receipt of Licence Fee

ABI, a leading designer and manufacturer of rapid diagnostic screening and testing products, is pleased to announce that it has received a purchase order to manufacture 3.5 million units of a custom breath alcohol detector, based on the Company's BreathScan product, for $1.05 million. The order will support the entrance of Sono International, Ltd. ("SONO"), a London-based multinational corporation, into the French disposable breath alcohol detector marketplace.

ABI had previously announced on 17 September 2012 that it had signed a multi-year supply agreement with SONO, granting them an exclusive licence to market private-labelled versions of the Company's breath alcohol detectors, outside of North America. Under the terms of the agreement, SONO agreed to pay an upfront licence fee of $1m for exclusive marketing rights of ABI breathalysers within the European market. Payment of the licence fee was conditional upon, inter alia, the Company's disposable breathalyser product being certified under the French Standard, NF X 20‐702 ("NF Mark"). In addition, the Company was also named SONO's sole producer of their disposable breathalysers and SONO agreed to minimum orders of $1.275 million over the next three years.

Testing of the Company's detectors by the national reference laboratory of France, Laboratoire National de Métrologie et d'Essais, has been proceeding for several months. Feedback on their assessment has so far been sufficiently positive for SONO to partially waive the conditions for payment of the licence fee. ABI has now received $550,000 of the $1 million licensing fee. The Company anticipates receiving the NF Mark in January 2013 which will trigger the payment of the remaining $450,000 of the licence fee.

As of 1 July 2012, French law mandates that every driver of a motorised land vehicle, excluding mopeds, must possess, at minimum, an unused, NF-Approved disposable breathalyser kit; two kits are recommended. As of 1 March 2013, the full enforcement of the law will take place, as failure to immediately produce an operational breathalyser kit when asked by police will result in a fine of 11 euros. The legislation impacts any and all drivers on French roads, including foreign passport holders and drivers of foreign vehicles.

With the current French population estimated to be 65.3 million and approximately 30 million people owning a car, the potential demand for NF-Marked breathalysers to satisfy the needs of French citizens alone is quite substantial. France is also the most popular tourist destination in the world, with approximately 81 million foreign visitors having traveled to France last year, meaning that the potential associated with satisfying the demand for breathalysers by rental car companies and tourists driving into France from surrounding EU countries represents an even larger market opportunity. Currently, there are only two disposable breathalyser brands that carry the NF-mark and by becoming the third, Akers believes that the private-labelled product has the potential to generate significant revenue.

Thomas A. Nicolette, President and CEO of ABI, commented: "We are excited that our FDA-cleared and Australian-compliant .05% detector technology is being assessed for certification to bear the prestigious NF Mark, which will allow our distribution partner, SONO, to aggressively enter the French disposable breathalyser market. Having streamlined our manufacturing processes in H1 2012, the Company is poised to deliver SONO's private-labelled detectors at a pace that can meet or exceed the ongoing requirements of the EU market opportunity. SONO's exclusivity payment and their initial purchase order immediately contribute to the Company's Q4 2012 bottom line and the potential revenue stream moving into 2013 and beyond, is one that should fortify our competitive positioning and improve shareholder value."
 
After a decade looking at AIM stocks, it still surprises me how many CEOs fail to grasp their moment in the sun. That's where people like Kozel and Landau have previously excelled.
 
jaspa888 said:
After a decade looking at AIM stocks, it still surprises me how many CEOs fail to grasp their moment in the sun. That's where people like Kozel and Landau have previously excelled.
Click to expand...

You need to be able to get your story out there and promote your stock. Some are just not good at it. Landau comes from a corprate law background so use to going infront of people and talking sh1t.
 
EOG - they are going to High Court maybe want to present Holmwood as crucial to energy security bollox ? so don't want to queer their pitch by shouting about Shale Gas

got half a mind to say to them if they are deliberately suppressing shale for that **** reason I'll join the Holmwood nimbies
 
AKR -
mcmather
11 Dec'12 - 13:13 - 874 of 874 0 0


....approximately 30 million people owning a car, the potential demand for NF-Marked breathalysers to satisfy the needs of French citizens alone is quite substantial. France is also the most popular tourist destination in the world, with approximately 81 million foreign visitors having traveled to France last year...Currently, there are only two disposable breathalyser brands that carry the NF-mark and by becoming the third, Akers believes that the private-labelled product has the potential to generate significant revenue.

2 per vehicle.
Cost / revenue appears fairly low to Akers at $0.30 per unit?
However, Akers has a 20% interest in the venture with SONO. If SONO retail the tubes at around the 2 euro mark, Akers equivalent total revenue per unit must surely be around $0.50 mark.
How many units will be sold in te next 12 months???
 
PVCS

I think that is good news.

Bitten the bullet on closing some facilities.
Expect cash breakeven for 2013.
Should know what any operating loss is for 2012 by now. (I still think they are near cash breakeven despite operating loss)

Should have c.20p per share of cash. Could return 10p per share.

Leaving a stock at 0p with upside potential of 200p ?

I'll take that return :-p

Have to start with a 'downbeat' Trading Update with employees getting sacked it wouldn't look good to be paying Directors huge dividends at such a time.
 
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TYM - Final Results read ok

Key Points:

· Positive outlook for fluorspar market supported by Chinese policy initiatives to preserve domestic resources for domestic consumption.

· Maiden JORC Mineral Resource for Lassedalen - 4 million tonnes grading 25% fluorspar.

· Positive Scoping Study completed for Lassedalen.

· Prefeasibility studies and environmental permitting studies progressing at Storuman.

· Acquisition of MB Project in Nevada in line with strategy to develop long life fluorspar resources in strategic locations with favourable mining jurisdictions.

· Due diligence review of MB Project demonstrates world class potential.

· £10 million Equity Finance Facility agreed with Darwin Strategic.

Commenting, Patrick Cheetham, Executive Chairman, said: "I am pleased to be reporting significant progress throughout the year. We end the year with three advanced fluorspar projects in the two largest fluorspar market areas in the world outside of China. The latest acquisition in Nevada USA shows world class potential and complements our more advanced projects in Northern Europe."

....

Despite good progress during the year, difficult market conditions persist and it is frustrating that our value creating achievements are not always reflected in the Company's share price performance. Nevertheless we are pleased that we have been able to secure access to capital for the immediate future and to continue the realisation of our strategic objectives.

Your Board is working hard to build a wider appreciation of the value of the business we are building for our shareholders and stakeholders.

We look forward to an exciting year ahead.
 
Interesting background on Fluorspar markets

About 6 million tonnes of fluorspar are used annually. Of this, 60% is produced as acid-grade fluorspar in the manufacture of hydrofluoric acid (HF) and derivative fluorine chemicals including refrigerant gases (fluorocarbons), fluoropolymers (e.g. Teflon™), and aluminium trifluoride (a flux used in the reduction of alumina to aluminium) and 40% is produced as metallurgical grade fluorspar for use as a flux in the iron and steel industry. There are also a number of smaller but nonetheless important uses for fluorine - for example as LiPF6 electrolyte in Lithium-ion batteries, via UF6 in the manufacture of nuclear fuel, in petroleum cracking and in pharmaceuticals where over 50% of new drugs include fluorine in their formulations.
 
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TYM - of course for a Board who don't think their work is being reflected in the share price it's quite simple to demonstrate it by buying stock in the market hand over fist.
 
Shale Gas fracking given go ahead in UK.

Opens up the UK players EOG, EDR, IGAS to 'promotion' now going into illiquid December and January 'tipping' and small cap rally season.
 
TYM - RNS out they are going to move ahead 'quickly'. Should be plenty of newsflow over the crucial Santa rally / January small cap rally period

Contract for Tonnage-Grade Estimate for MB Fluorspar Project, Nevada USA

Following the recently announced results of its due diligence review of the MB fluorspar project in Nevada USA ("the MB Project"), Tertiary Minerals plc is pleased to announce that it has commissioned Wardell Armstrong International Ltd (WAI) to prepare an independent estimate of the tonnage and grade of the fluorspar mineralisation.

Highlights:

· Report to evaluate results from 108 drill holes over an area of 1.5km by 1.5km where thick and flat-lying zones fluorspar mineralisation occurs between surface and depths of at least 400m.

· Report to make recommendations for further drilling to upgrade tonnage-grade estimate to a JORC compliant Mineral Resource.

· Results are expected by end January 2013.

Commenting today, Executive Chairman Patrick Cheetham said: "The historical drill results that we announced recently clearly identify the potential for a world class deposit of fluorspar on the MB project so it is important we move quickly to scope the size and grade of the deposit and evaluate its commercial potential."
 
They going to do infill drilling and if it all ties in with historic data, they should be able to get a JORC estimate by the end of 2013
 
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SXX has started its annual year-end climb

graph.cgi


No news, though I'm if perception is that the fracking go-ahead has enhanced the chances of planning permission being granted?
 
Two different things. Isn't the mine proposed to be in the the Dales? which is mostly a national park. Ultimately, it will be granted but may drag on for a while still.

By the way, you given up on PXS?
 
What I was alluding to, mate, was the Government's attitude to risk with relation to the economy. Most analysts are suggesting that the fracking go-ahead wouldn't have happened if the economy had been stronger.

Similarly, planning permission in a national park would usually be a no-no. But 5000 new jobs in an economic blackspot in a weak economy makes it more compelling for the planning to be permitted.


PXS - I sold out about a month ago as that clown Moon doesnt seem to be moving the business forward. They seem to have abandoned the strategy of persuading some global manufacturers to use their Fruitflow ingredient for perpetual royalties. Instead, they seem content to become wholesalers of the SiS product, eventhough they would need millions in marketing to make this strategy work effectively. Happy with peanuts when they have a potential gold mine in Fruitflow...

I'll probably buy in again at some point as their product is potentially world class, but not for some time.
 
Eagle_Eye said:
They going to do infill drilling and if it all ties in with historic data, they should be able to get a JORC estimate by the end of 2013
Click to expand...

I'd expect they can do it a lot quicker than that.

Presumably as it is shallow/at surface the basic confirmation can be done with cheaper RC drilling with a few Diamond drills later at the extremities to just prove up the overall size/confidence level ?

In October 2010 CNR set about proving up an old Russian resource to JORC standards and I think the outlines of the potential JORC were clear within 3-6 months ? The stock price went up 20x from September 2010 to December 2010.

Different market now but I think TYM if they prove up a World class resource in the US for a strategic mineral which is otherwise controlled by China and at a time when US industrial companies are already re-shoring thanks to Shale Gas. It's like the lottery jackpot.
 
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