Asiamet Resources Share Discussion Threads

[mr roper] 18/10/2017 10:19

MT, Beutong will be the rather large cherry to put on top off the super tasty schwarzwaldertorte!

[mount teide] 18/10/2017 10:13

I took that 115,138 @6.85p (reported as a sell) to round up my holding to 3.0m - the price immediately moved up afterwards suggesting stock is getting scarce again, as:

L2 is now showing 6.8 v 7.0 - 1 v 1 , yet they are now offering 6.9p for decent size 'dummy' sells.


As Warren Buffet said if the story gets better "i often buy more if I can't find better value elsewhere in the market" - "be greedy when others are fearful!"

[mount teide] 18/10/2017 09:40

'Asiamet Intersects 30m of 8.3% Zinc at BKZ and Extends High Grade Polymetallic Discovery' 30m is equivalent to the height of a 13 storey block of flats!

'100m continuity, open laterally and at depth'

'The high-grade polymetallic mineralisation we have seen in drilling at BKZ to date is of similar grades to those reported at some of the highest quality base metals mines globally.'

'The potential to share some of the infrastructure proposed for the development of the BKM copper project provides the Company with an exceptional value adding opportunity at BKZ and other nearby prospects such as BK South and BK West.'

Remarkable results offering the prospect of outstanding low cost development potential!

Who needs Beutong?

[horneblower] 18/10/2017 09:38

CC.
Some selling is inevitable as the price goes up.
Many investors consider portfolio balance to be extremely important.
If a holding becomes over-weight they will automatically reduce it, particularly if that holding has more than doubled in value.
This seller may have 50 million shares so the odd 500,000 is not a large proportion.
If they are based offshore they may not have to report the reduction.

[amaretto] 18/10/2017 09:31

Charles - I was thinking that or more likely, cheaper fundraising when it comes after the BFS perhaps.

[charles clore] 18/10/2017 09:25

Could all the selling be an effort to drive down the price for a cheaper bid? Surely nobody in their right mind would be selling at this stage unless they had some sort of plan.

[mr roper] 18/10/2017 09:23

crazy to think our mkt cap is only 15m above GGP...we should be 100m now based on what assets we have.

[monttim] 18/10/2017 08:58

Talk of a takeover at anything less than a couple of pounds in a couple of years is pie in the sky. These guys are not going to give the company away for pennies and certainly not for less starting at a billion dollars plus plus market cap. Sit back and relax.

[ileeman] 18/10/2017 08:19

Always a bit slow on news day non the less amazing RNS.

Break of 7p soon.

More news coming.

"We look forward to reporting the results of additional drilling shortly, together with further updates on the progress of the BKM feasibility study which continues at pace.""

[bobby1904] 18/10/2017 08:18

Highly Geared- I completely agree! I know people have varying cash needs but the sellers this morning at 6.95-7p seriously need their heads testing. They should look under the sofa if they need spare dosh - anything to avoid selling ARS!! Their decision will haunt them by Christmas and beyond!! A serious offer for ARS by one of the big boys in the next 12 months is a virtual certainty! As you say it may not be a big enough price but its win-win for us either way!!

[cyberbub] 18/10/2017 08:17

Another red day today as usual?

[highly geared] 18/10/2017 08:08

If Beutong gets converted to a production license and with base metals on the upswing following a 6 year bear market , I cannot see ARS staying independent beyond mid 2018 . With the BFS done by Q1 2018, someone will come along and offer 25-40p for the lot. Whether that will be enough is a different matter.....

[cpap man] 18/10/2017 08:00

ARS is quite correctly in the process of being re-rated to a MKT CAP of £100M +

[cpap man] 18/10/2017 07:59

Peter Bird, Asiamet's Chief Executive Officer commented:

"We are extremely pleased to report that ongoing scout drilling at the BKZ polymetallic discovery adjacent to our core feasibility stage BKM copper project, continues to deliver outstanding results and further progresses our parallel objective of unlocking the substantial upside potential we believe lies within the highly prospective but very under-explored KSK Contract of Work.



The high-grade polymetallic mineralisation we have seen in drilling at BKZ to date is of similar grades to those reported at some of the highest quality base metals mines globally. The potential to share some of the infrastructure proposed for the development of the BKM copper project provides the Company with an exceptional value adding opportunity at BKZ and other nearby prospects such as BK South and BK West.



Although it is early in the exploration stage at BKZ, results are first-rate and beyond expectations. At this point, we continue the step-out drilling to expand the mineralisation in all directions which we hope will continue to intersect potentially near-surface high-value mineralised material at which point we may be encouraged to take a decision to advancing exploration work at BKZ to the delineation of a maiden Resource.

We look forward to reporting the results of additional drilling shortly, together with further updates on the progress of the BKM feasibility study which continues at pace."

[ileeman] 18/10/2017 07:55

World class asset. Not sure why this isnt well above £100mil market cap yet.

[highly geared] 18/10/2017 07:40

So , BKM mark 2 with diversity into zinc + silver and gold as “ by product “!
Get this drilled further and a maiden Jorc out within 6 months following the BKM DFS.
We don’t need Beutong to get this to where we hope and that will just be a massive “ bonus “

[boom boom bang bang] 18/10/2017 07:36

Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

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TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

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TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio."

[hawks11] 18/10/2017 07:31

No doubt that little blue line will be forced upward a little after yet another positive release.

[barneycosmo] 18/10/2017 07:28

No wonder the management team are taking options in lieu of pay in 2017.

[barneycosmo] 18/10/2017 07:27

Another strong RNS.... fab results.

[mr roper] 18/10/2017 07:25

100m continuity, open laterally and at depth!

[adorling] 18/10/2017 07:22

Wow this BKZ property is becoming bloody valuable..

“continues to intersect further intervals of thick, near-surface high-grade base and precious metal-rich mineralisation”;

30m intersection of 8% zinc!

[x54v] 18/10/2017 07:19

Very positive newsflow yet again.

Just keeps getting better and better!

[maverick247] 18/10/2017 07:15

More phenominal zinc grades bkz is looking fantastic!

[mr roper] 18/10/2017 07:14

Holy jeez. "Results are first rate and beyond expectations "

Couldn't have put it better myself,PB.