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[theonewhoknows2] 08/7/2022 18:49

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[theonewhoknows2] 08/7/2022 18:40

FREE BIG KIM

[the chairman elect] 08/7/2022 08:35

KAVANGO RESOURCES PLC //// LSE:KAV //// Kanye Resources Operational Update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") provides an operational update on its Kanye Resources ("Kanye") Joint Venture with Power Metal Resources (AIM:POW).

Highlights

- Ditau

- Drill programme complete

- 4 holes successfully drilled on Targets i1, i8 and i10, totalling 1,623.60m of diamond core drilling

- Three of twelve targets tested in the search for carbonatites and mineralised intrusives

- High and low frequency Controlled Source Audio Magnetotelluric completed over Targets i1, i8 and i10, with the aim of providing lateral definition of the geology intersected in each hole

- All holes geologically logged and three of the four holes sampled, the fourth is being cut. Magnetic Susceptibility, Conductivity and Specific Gravity measurements have been completed on all core

- Samples from Hole DITDD004 currently being analysed at an internationally accredited laboratory

- Samples from two of the remaining three holes now in transit, with the fourth being cut

- Final drill report being prepared, with recommendations for next steps of exploration

- Kalahari Copper Belt ("KCB")

- 3,478 soil samples collected of current 8,000 soil sample campaign

- Kavango has identified and located the Ngwako Pan-D'kar formational contact across several of the company KCB licences

- The Ngwako Pan-D'kar contact is a crucial lithological control for copper/silver mineralisation in the KCB

- Kavango's geologists have completed an extensive mapping exercise over the majority of the Kanye KCB prospecting licences ("PLs")

- Kavango has deployed a seismic-based Tromino unit to map overburden and subsoil layers, using resonance frequencies

- The Tromino assists subsurface mapping to help design appropriate soil geochemistry sampling techniques across various areas with different transported overburden thickness, and to enable "domaining" of geochemical data to assist interpretation of the same

- Preliminary discussions with RC drill contractors for a planned programme in H2 2022

- This will target structural features in the vicinity of and above Ngwako Pan-D'kar formation contacts.

- Maps of its progress in the Kalahari Copper Belt

- hxxps://www.kavangoresources.com/media-library/news-release-media/rns8july2022

Ben Turney, Chief Executive Officer of Kavango Resources, commented on Ditau:

"We have come a long way with Ditau in a very short period of time. These are complex targets, in an area where there was almost no prior geological data. Kavango's application of systematic modern exploration methodologies is starting to unlock the complex geological history of this area.

We are particularly encouraged by what we've seen from the CSAMT technology we are using. Armed now with drill core to enhance our interpretation of the survey results, we believe this will prove to be an extremely powerful exploration tool as we pursue a more comprehensive programme across the 12 targets at Ditau.

Our new approach will enable us to map with confidence the underlying stratigraphy at Ditau. This is particularly important when exploring for buried mineralised intrusives. The more accurately we can model the Ditau targets in future, the greater the confidence we will have in drill targeting.

I would like to thank our team and our drillers, Mindea, for successfully completing the current drill programme quickly and safely. This was a challenging task, as the site is remote. Issues such as a limited water supply and drilling through deep sand cover were successfully overcome. Core recovery was again at 99%.

Once again, Kavango is proving it is up the task of effective, modern exploration in difficult terrain.

All holes have been logged and sampled, a wide range of geological units were seen, including sediments, intrusive bodies, and in hole DITDD004, zones tens of metres thick with locally abundant shearing, veining and alteration, including significant sulphide mineralisation. This is an area in which there was almost no prior geological information due to the depth of sand cover, and as a result this drilling has proved instrumental in better understanding the geology of the area.

This has included placing the individual targets within a regional stratigraphic setting as well as their relative positions in the same. The relevance of this is to understand the geological framework, from variations within the original sedimentary environment, to later deformation and structural histories, to assist the evaluation of the economic potential, and aid further exploration efforts.

Using the results of our AMT surveys we are now able to translate the intersected geology across the subsurface. We await the results of chemical assays and petrological work in order to evaluate any economic potential and plan future work for the area.

We are now preparing plans for the next stage in exploration of this challenging and exciting project."

And on the Kalahari Copper Belt:

"In the Kalahari Copper Belt we have built a head of steam in our exploration programme in the first half of 2022. With the changes we made to Kavango in the second half of last year and the new team members we recruited, we are now seeing the results coming in from the field.

The momentum is highly encouraging and we are quickly moving towards defining drill targets for a campaign later this year.

The exploration model in the KCB is well-established, but I am pleased to report Kavango is also innovating in the area. Our use of the Tromino was a simple idea, but so far appears to be effective, in helping us quickly estimate the depth of sand cover in our prospecting licenses this has guided our decision-making both in terms of where to take soil samples and how to interpret them.

We are particularly happy to have identified and located several key Ngwako Pan-D'kar formational contacts across our several of our license areas. This is an important step towards validating our original exploration hypothesis that the western half of the KCB in Botswana was both prospective for copper/silver mineralisation and overlooked because the sand cover obscured much of the regional geology.

I would like to thank our teams in the field for their hard work and we look forward to the results of further soil sampling, which will hopefully lead to clearly defined drill targets a little later in 2022."

[theonewhoknows2] 07/7/2022 20:29

iag is up abit

[noirua] 07/7/2022 16:07

Doubled holding in ARB at an average of 34.3p. My overall average price bought at is around 64p or so. Need an enormous bounce to be all square.

[the chairman elect] 07/7/2022 15:45

United Oil & Gas Plc is pleased to share the highlights of a broker note out today from Optiva Securities.

This note focuses on the Company’s Maria Discovery, located in the Outer Moray Firth Basin of the UK Central North Sea.

HIGHLIGHTS:

United has estimated that the Maria Discovery contains c. 6 mmboe as a mid-case of recoverable resources

Valuation: We value Maria at £33.5 million or 5.2p per share on a risked basis On an unrisked basis we value the project at £109.1 million or 14.0p per share.

Proximity to Existing Infrastructure: The licence that contains the Maria Discovery is located in proximity to existing established infrastructure in the Central North Sea, near the substantial Piper, MacCulloch and Claymore Oil Fields. This area contains a number of advanced stage development projects, including the Marigold and Yeoman discoveries.

Attractive to North Sea Producers and Developers: The pre-existing infrastructure in the area immediately around Maria dramatically improves the project’s development credentials making it an attractive bolt-on project for existing producers and developers in the area and new entrants

Additional Jurassic Potential: In addition to the Maria Discovery, the licence also contains two Jurassic Discoveries to the south, Brochel and Maol. Maol was previously drilled by Shell in 1987, and on test flowed at over 1950 BOPD and 2.96 MMSCFPD.

[the chairman elect] 07/7/2022 14:40

New broker research just out for LSE:UOG

United Oil & Gas; Maria Discovery in Central North Sea

United Oil & Gas plc (UOG.AIM) (“United”; or the “Company”;), is an AIM-listed oil and gas production, development and exploration company with a portfolio of low-risk cash generative production and development assets. These assets are located in Egypt and the UK, with a high-impact exploration license, located in Jamaica.

This note focuses on the Company’s Maria Discovery, located in the Outer Moray Firth Basin of the UK Central North Sea. We value the Maria project at £33.5 million or 5.2p per share on a risked basis. On an unrisked basis we value the project at £109.1 million or 14.0p per share. United has estimated that the Maria Discovery contains c. 6 mmboe as a mid-case of recoverable resources. A competent persons report for Maria is targeted for completion in Q3-2022.

On Monday July 11th at 1pm Optiva and UOG are hosting a Zoom call with Company management for all interested investors. Please contact Holly Ritson at [e-mail] in regard to any inquiries or to receive a Zoom link.

[noirua] 07/7/2022 13:00

RRR has shifted up a notch.

[theonewhoknows2] 07/7/2022 08:09

such a nervous market atm so hesitant

IAG etc look a great ADD but everyones just sitting there not sure about anything.

sit and wait and watch wait till the market confirms where its going one way or the other.

you dont need to catch the first 5%

thats the place where all the money is lost trying to guess the bottom /top

[theonewhoknows2] 06/7/2022 16:07

chances are in this collapsing market far better opportunities will present themselves in time.THIS COULD WELL BE THE BOTTOM OF THE CORRECTION THOUGH.if its not and the slide continues something very nasty is on its way.which will be just fantastic for us.thats why im keeping powder dry.JUST incase the market throws up 2009 chances for us again.

summer doldrums and v low volume are throwing the lot at it to try and create BUYS.

but im enjoying the sun and happy to be sitting on sidelines in cash bar EOG GL

[theonewhoknows2] 06/7/2022 16:03

The problem with stocks like EZJ is theyve broken critical support eg 485 and are now breaking down.

ontop of that the 5year Moving average shows it is clearly in a 5 yr downtrend.although it pulsated like an oceon.

BUT its going dowm.

and now it has broken the support and broken down....it could go far lower.until it finds a new support.

i only like to buy stocks that are CLEARLY in an uptrend.

THAT is why i havent recommended it as a BUY

Just to put it on WATCHLIST atb

[purple11] 06/7/2022 13:39

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[purple11] 06/7/2022 13:01

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