Core Vct I Share Discussion Threads

[noirua] 10/10/2022 15:04

Sold RKH for a 2.5% profit. Not much but an Arbitration Appeal decision may be very late November.

[sweepie2] 10/10/2022 09:31

In for a trade at EOG at 1.245p, already in profit but when you see what their main asset is worth I expect at some point value will return

but with Wressle alone being valued at 2.3p and for sure I expect UJO would love to take it off their hands, full buyout?

[the chairman elect] 10/10/2022 07:50

Helium One Global (AIM: HE1), the primary helium explorer, is pleased to announce the successful completion of a third-party engineering audit on the operational capability of the Company's preferred drilling rig ("the Rig") for Phase II drilling programme at the Rukwa (100%) project area in Tanzania.



Summary

· Rig audit has been completed and Rig has been signed off as "fit for purpose" by Aberdeen Drilling Consultants ("ADC"), an internationally recognised expert in rig audit and evaluation

· Audit included a detailed examination of entire drilling rig and associated systems culminating in a successful high pressure endurance test requiring eight hours operation at >2,000 Psi

· Epiroc Predator 220 drilling rig with 950HP powertrain and 100T mast rating capable of drilling 8.5" hole to 2500m - more than sufficient to test targets at Tai with stacked closures identified to a maximum depth of 1300m

· Tier one energy technology company Baker Hughes to provide integrated services including drilling fluid, cementing, wireline evaluation and downhole gas sampling services

· Helium One to commence export procedures from Kenya to Tanzania including soliciting release letters from all related parties



David Minchin, Chief Executive Officer, commented:

"We are delighted to report the completion of the ADC audit over our preferred drilling rig at its yard in Kenya. The audit has allowed a complete assessment of the Rig's operational capability culminating in a successful high-pressure endurance test that required all systems on the rig to operate together under more than 2,000 Psi pressure load for a period of eight hours.

"The in-depth audit completed by ADC has delivered significant value to the Company, flagging issues that had potential to cause considerable cost and delay if only identified later in the field. These issues have been resolved and the Rig is now signed off as fit for purpose.

"The next crucial step is completion of export paperwork and commencement of rig mobilisation as soon as practical. Helium One management team are in contact with all relevant parties and intend to be in Kenya to expediate this process. Thereafter the spud date will be dependent on mobilisation of Baker Hughes equipment, currently anticipated to be released in December, e nabling drilling operations to commence during January / February 2023.

"An alternative rig has been identified which would be capable of undertaking our drilling programme at our Tai Prospect in Tanzania. However this rig is not available until Q2 next year and hence remains as a standby option. "

[the chairman elect] 08/10/2022 08:40

Right now, there are approx 100 new licences up for grabs in the 33rd round and the government is fast-tracking licences with high prospectivity near to existing infrastructure. If you want a licence with a chance of gas, go get one. Hopefully many of our bulletin board favourites will be in the queue such as LSE:UOG & LSE:DELT

[noirua] 07/10/2022 13:15

Noirua - 23 Sep 2022 - 18:59:44 - 11789 of 11823 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Lots of long posts that I will read over the weekend.

Doubled my holding in RKH Rockhopper at a little over 14.14p. Increased holding in RRR Red Rock by 8% at 0.385p approx - reversed very badly on cash raising showing company short of cash.

-----

The average price paid for RKH is 14.4p and now shares are at last back to 15p again. Should go on to 21p - 23p eventually and possibly by 30 November or maybe earlier.

[sweepie2] 07/10/2022 10:27

6 October 2022

Tern Plc

("Tern" or the "Company")

Result of Fundraise

Tern Plc (AIM: TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses is pleased to confirm, further to the announcements made yesterday, 5 October 2022, the completion of its Fundraise at the Issue Price of 7.5 pence per share.

The Company is pleased to announce that the Retail Offer via PrimaryBid closed at 8 p.m. on 5 October 2022. From the Retail Offer, the Company has raised gross proceeds of approximately £0.3 million at the Issue Price of 7.5 pence per share.

In total, the Subscription and the Retail Offer have raised gross proceeds of £1.6 million for the Company, via the subscription of 17,333,332 Subscription Shares to be issued pursuant to the Subscription and 4,023,477 Retail Shares to be issued pursuant to the Retail Offer.

The issue of a total of 21,356,809 new Ordinary Shares pursuant to the Fundraise is conditional upon the admission of the Subscription Shares and the Retail Shares to trading on AIM on 12 October 2022, or such later time and/or date as the Company may agree (being not later than 8.00 a.m. on 26 October 2022).

The Subscription Shares and the Retail Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the Subscription Shares and the Retail Shares.

Allenby Capital Limited acted as Nominated Adviser and sole Broker to the Company in relation to the Subscription. The Retail Offer was managed by PrimaryBid.

Al Sisto, CEO of Tern, commenting on the Fundraise said:

"We are very pleased with the support that we have received for the Fundraise, both from existing and new shareholders. If we are to protect and maximise shareholder value it is vitally important that we have as strong a negotiating position as possible when competing with often much larger private equity providers who wish to now secure a position in our companies at the maximum economic advantage to themselves and to the detriment of Tern and its shareholders. The net proceeds of the Fundraise includes capital that we can deploy to provide further funding for Tern's portfolio companies in their future syndicated fundraises, both protecting Tern's position and providing them with the growth capital they require. We remain committed to our stated strategy of seeking to extract maximum shareholder value from our existing portfolio of exciting IoT companies as rapidly as those companies' development paths allow. Whilst it does take time and significant capital to create world class IoT technology businesses, I believe that we have already demonstrated significant value creation with our companies and all have very bright and exciting futures."



Admission and Dealings

Application will be made to the London Stock Exchange for the Subscription Shares and the Retail Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur and dealings will commence in the Subscription Shares and the Retail Shares at 8.00 a.m. on or around 12 October 2022.

Total Voting Rights

Following Admission, the Company's issued and fully paid share capital will consist of 373,571,510 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 373,571,510. With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.



Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 4.36 p.m. on 5 October 2022.

Enquiries

[sweepie2] 07/10/2022 10:27

Tern Plc

("Tern" or the "Company")

Retail Offer by PrimaryBid

· Tern announces a retail offer via PrimaryBid;

· The Issue Price for the Retail Shares is 7.5p per Retail Share, representing a discount of 14.29 per cent. to the closing mid-market price on 4 October 2022;

· Investors can access the Retail Offer by visiting www.primarybid.com and downloading the PrimaryBid mobile app;

· Investors can also take part through PrimaryBid's extensive network of retail brokers, wealth managers and investment platforms. Subscriptions through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (GIAs);

· Both the Subscription Shares and Retail Shares will be sold at the Issue Price;

· There is a minimum subscription of £250 per investor in the Retail Offer; and

· No commission is charged by PrimaryBid on applications to the Retail Offer.

Retail Offer

Tern (LON: TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, is pleased to announce a conditional offer for subscription via PrimaryBid (the "Retail Offer") of up to 9,333,332 new Ordinary Shares of 0.02 pence each in the Company ("Retail Shares") at an issue price of 7.5 pence per new Ordinary Share (the "Issue Price"), being a discount of 14.29 per cent. to the closing mid-market price on 4 October 2022. The Company has conducted a subscription of new Ordinary Shares (the "Subscription Shares") at the Issue Price as announced earlier today (the "Subscription" and together with the Retail Offer, the "Fundraise").

The Fundraise is conditional on the new Ordinary Shares to be issued pursuant to the Fundraise being admitted to trading on AIM ("Admission"). Admission is expected to be take place at 8.00 a.m. on or about 12 October 2022. The Retail Offer will not be completed without the Subscription also being completed.

The Directors of Tern intend that the net proceeds of the Fundraise will be used to provide Tern with a stronger negotiating position and funding for follow-on investment opportunities in the event that any of Tern's portfolio companies conduct a syndicated fundraise and for general corporate purposes.

Reason for the Retail Offer

The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the Retail Offer by applying through the PrimaryBid mobile app available on the Apple App Store and Google Play. Investors may also be able to subscribe to the Retail Offer using their ISAs, SIPP or GIA by contacting their retail broker, wealth manager or investment platform. PrimaryBid does not charge investors any commission for these services.

Brokers wishing to offer their customers access to the Retail Offer, and future PrimaryBid transactions, should contact [e-mail].

The Retail Offer will be open to individual and institutional investors following the release of this announcement. The Retail Offer is expected to close at 8 p.m. on 5 October 2022. The Retail Offer may close early if it is oversubscribed.

The Company reserves the right to scale back any order at its discretion. The Company and PrimaryBid reserve the right to reject any application for subscription under the Retail Offer without giving any reason for such rejection.

No commission is charged to investors on applications to participate in the Retail Offer made through PrimaryBid. It is vital to note that once an application for new Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on PrimaryBid or the procedure for applications under the Retail Offer, visit www.PrimaryBid.com or email PrimaryBid at [e-mail].

The new Ordinary Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company's existing Ordinary Shares.

[sweepie2] 07/10/2022 10:26

Tern Plc

("Tern" or the "Company")



Equity Fundraise of up to approximately £2 million,



comprising a Subscription to raise £1.3 million

and

a Retail Offer via the PrimaryBid Platform



Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces that it has raised £1.3 million, before expenses through a subscription of 17,333,332 new ordinary shares ("Ordinary Shares") of 0.02p each in the Company (the "Subscription Shares") at a price of 7.5 pence per new Ordinary Share (the "Issue Price"), conditional upon admission to AIM (the "Subscription"). The Issue Price represents a discount of 14.29 per cent. to the closing mid-market price of an Ordinary Share on 4 October 2022, being the latest practicable business date prior to this announcement.



In addition to the Subscription, there will be an offer to retail and other investors via PrimaryBid Limited ("PrimaryBid") at the Issue Price (the "Retail Offer", and together with the Subscription, the "Fundraise"), to provide certain existing retail shareholders in the Company and other retail investors with an opportunity to participate in the Fundraise. A separate announcement will be made shortly by the Company regarding the Retail Offer and its terms. Those investors who subscribe for new Ordinary Shares pursuant to the Retail Offer (the "Retail Shares") will do so pursuant to the terms and conditions of the Retail Offer contained in that announcement.



The Directors intend that the net proceeds of the Fundraise will be used to provide Tern with a stronger negotiating position and funding for follow-on investment opportunities in the event that any of Tern's portfolio companies conduct a syndicated fundraise and for general corporate purposes.



The new Ordinary Shares to be issued under the Fundraise will be allotted by the Company pursuant to the existing authorities granted by shareholder approval to allot Ordinary Shares for cash on a non-pre-emptive basis by way of a special resolution passed at the Company's Annual General Meeting on 27 April 2022. Neither of the Subscription nor the Retail Offer is underwritten.



The Subscription Shares and any Retail Shares, when issued, will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares, including, without limitation, as regards the right to receive all dividends and other distributions declared, made or paid after the date of issue.



Application will be made for the Subscription Shares and any Retail Shares to be admitted to AIM ("Admission") and it is expected that Admission will take place and trading in the Subscription Shares and any Retail Shares will commence on or about 12 October 2022.



The Subscription is conditional upon the Admission of the Subscription Shares becoming effective not later than 8.00 a.m. on 12 October 2022, or such later time and/or date as the Company may agree (being not later than 8.00 a.m. on 26 October 2022).



A further announcement will be made following completion of the Retail Offer detailing the total amount raised by the Company through the Fundraise.



Allenby Capital Limited is acting as Nominated Adviser and sole Broker to the Company in relation to the Subscription.



Directors' participation in the Subscription



Ian Ritchie, Al Sisto, Bruce Leith, Sarah Payne, Matthew Scherba and certain of Matthew's family members have subscribed for a total of 379,998 Subscription Shares at the Issue Price in the Subscription (the "Directors' Participation"). Details of the Directors' Participation are outlined in the table below.

[sweepie2] 07/10/2022 10:25

From the 19th – 22nd September, Amit Rao, Vice President – Sales & Business Development Asia, was asked to be part of the UK’s DEA Mission delegation to Singapore, on behalf of Device Authority.

The delegation comprised of high growth legal, cyber and safety tech companies. The diversity of the mission provided an amazing platform for the delegation to explore growth opportunities in Asia-Pacific, leveraging the landmark United Kingdom-Singapore Digital Economy Agreement (DEA), which came into force on Jun 14 this year. The events spanning across 3 days saw participation from over 90 corporations, government agencies and regulators, investors, tech, law & cybersecurity firms.

The event was hosted at Eden Hall, the official residence of the British High Commissioner to the Republic of Singapore, Kara Owen, and His Majesty’s Trade Commissioner, Natalie Black CBE.

Attendees were able to participate in a series of insightful discussions around IoT Cybersecurity adoption in the region with various stakeholders including the Cyber Security Agency of Singapore (CSA), IMDA, GovTech Singapore, ICE71 and INTERPOL. The delegation was also hosted by teams from the PwC Experience Centre, DSTA (Defence Science & Technology Agency), Asia Market Entry.

We at Device Authority are grateful to have been selected to participate in this exclusive event, and are excited about the potential to collaborate with leading organisations and government agencies in the region in the coming months.

Special thanks go to the UK DIT team and British High Commission to Singapore – Tim Kay, Jessica Reilly, Richard Lewis, Joushua Markert, Thomas Tilley, Elsie Yim, Andre Pandean, for the invite and putting together this mission.

[sweepie2] 07/10/2022 10:20

Device Authority’s Enterprise KeyScaler-as-a-Service (KSaaS) solution is now available on Azure Marketplace and customer demand is already demonstrating the value of this SaaS-based consumption model.



KSaaS, built on Microsoft Azure, offers one click deployment of PKI services and identity lifecycle management for IoT at scale. Providing an infrastructure-free alternative to the existing on-premise or private cloud version of the KeyScaler platform, it gives businesses a way to achieve total device, data, and operational trust without the burden of costly infrastructure or dedicated resources, and with a quicker time to production and infinitely scalable deployment.



With availability in the Azure marketplace and as part of Microsoft’s IP Co-Sell program, it also means that Azure customers can leverage their existing Microsoft investments in cloud services to secure their IoT ecosystems quickly and cost-effectively.



Commenting on the latest developments in KSaaS, Device Authority’s CEO Darron Antill said, “The ability to experience all of the benefits of our KeyScaler platform whilst also removing the barriers of required investment in infrastructure and skills for an on-prem deployment, is a significant advancement in the automation of zero trust security for IoT at scale. We have already seen many businesses take up KSaaS where an on-premise solution would not have been possible, and this has allowed IoT projects to progress with complete confidence in device security where they might otherwise have stalled.



“The ability to now also off-set existing investment in Microsoft cloud services means that the KSaaS offer becomes even more cost effective and makes significant steps into unlocking the potential of secure IoT at scale.”

Read more about the benefits of KSaaS or access the marketplace listing for more information.

[the chairman elect] 07/10/2022 08:00

Sliding UK markets saw Darktrace’s / LSE:DARK - CEO and three other directors snap up their own stock....

[the chairman elect] 07/10/2022 07:59

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX) is pleased to announce that management will participate in a live Q&A session via the Investor Meet Company platform on Tuesday 11 October 2022 at 9:00am BST.

The session will provide an opportunity for the Company to give a brief summary of full year results, recent organic growth, and forecasts and then answer questions; it is open to all existing and potential shareholders.

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Tirupati Graphite via: hxxps://www.investormeetcompany.com/tirupati-graphite-plc/register-investor

Investors who already follow the Company on the Investor Meet Company platform will automatically be invited.

For further information, please visit hxxps://www.tirupatigraphite.co.uk

[the chairman elect] 06/10/2022 09:00

Bidstack Group plc / LSE:BIDS, the in-game advertising and video game monetisation platform,is pleased to announce the results of an equity fundraise consisting of a conditional placing (the "Placing") and a subscription by Irdeto B.V. (the "Subscription") announced on 5 October 2022.

The Placing accounts for a total of 175,438,596 new ordinary shares (comprising EIS/VCT Placing Shares and General Placing Shares) of £0.005 each in the capital of the Company (the "Placing Shares") that were placed by Stifel Nicolaus Europe Limited, acting as the sole bookrunner in connection with the Placing, with institutional and other investors at a price of 2.85 pence per Placing Share (the "Placing Price").

There was also a total of 175,438,596 Subscription Shares that were subscribed for by Irdeto in cash at the Placing Price, raising gross proceeds of £10 million.

[the chairman elect] 05/10/2022 10:55

Over @ LSE:DELT - the Billionaire Michael Spencer increasing his stake again....

[the chairman elect] 05/10/2022 09:00

London listed Deltic Energy / LSE:DELT & FTSE 100 SHELL are drilling for GAS in the North Sea....

Plenty to look forward to....

-- The Shell-operated Pensacola well (Deltic WI: 30%) in the Southern North Sea is fully-funded and due to spud in October 2022 using the Maersk Resilient rig. The Company estimates that Pensacola has a gross P50 prospective resource of 309 BCF with a geological change of success ("GCoS") of 55% and an unrisked post tax project net present value ("NPV") of $553 million gross ($166 million net to Deltic), calculated based on a gas price of 80 pence per therm.

-- The Selene well (Deltic WI: 50%) in the Southern North Sea, operated by Shell, is expected to spud within the next 12-18 months following a firm investment decision in July 2022. The Company estimates that Selene has a gross P50 prospective resource of 318 BCF, with a GCoS of 70% and an unrisked post tax project NPV of $624 million gross ($312 million net to Deltic), also calculated using a gas price of 80 pence per therm.

-- The joint venture between Deltic and Capricorn is making good progress across the five jointly-owned Southern North Sea licences, including taking delivery of new 3D seismic data across licence P2428, and is looking to mature well prospects with a view to making its first well investment decision in 2023.

-- Deltic's technical team has successfully completed the initial phase of geological work on its Syros prospect (Deltic WI: 100%) in the Central North Sea, and a farm-out process has now commenced.

-- Preparatory work in anticipation of the UK's 33rd Offshore Licensing Round (due to be launched in Q4 2022) has commenced, with Deltic looking to build on its successful track record and further strengthen and diversify its portfolio through applications on both a 100% basis and in collaboration with selected partners, with technical evaluation work well advanced.

Topped up today.

[the chairman elect] 04/10/2022 09:50

London listed Tirupati Graphite / LSE:TGR - highlight progress in Madagascar saying that it had made excellent progress with its mining projects despite an annual profit drop, as it looks to enhance existing resources....especially on the back of the EV boom....

[the chairman elect] 03/10/2022 07:50

KAVANGO RESOURCES PLC / LSE:KAV / KCB - PL082 Drill Rig Mobilisation

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce that Mindea Exploration and Drilling Services Pty ("Mindea") has mobilised the multi-purpose drill rig (the "Rig") for the Company's maiden drill campaign in the Kalahari Copper Belt ("KCB").

PL082/2018 is one of Kavango's most advanced prospecting following extensive surface exploration and geophysical surveying across the entire area.

The Rig has been mobilised to conduct a first phase drill programme on PL082/2018, where Kavango is targeting a potential analogue to Khoemacau's Banana Zone deposit. The Banana Zone deposit sits immediately to the south of Ghanzi Ridge and exhibits similar geophysical characteristics to survey data acquired by Kavango over PL082/2018.

HIGHLIGHTS

- Drill rig mobilisation

- Mindea has deployed a rig capable of reverse circulation ("RC") and diamond core ("DC") drilling to PL082/2018

- Drill camp and first drill pad prepared

- First phase drilling programme

- Drilling to commence no later than 9 October

- Expected completion by early November

- Up to 6 holes (est. 1,250m) designed to test the Northern and Central anomalies ( announced >>> 29 September 2022 )

- CSAMT

- Kavango has also commenced a Controlled-Source Audio MagnetoTelluric ("CSAMT") survey of up to 17 line-km over PL082/2018

- Goal is to map subsurface structures to optimise drill orientation

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

"In keeping with our ambitions in the Kalahari Copper Belt, we have moved fast to mobilise the rig. The speed at which we are able to work demonstrates how much progress we've made over the past year.

PL082/2018 is our best immediate target in the KCB. It is our most advanced licence and demonstrates the best geology at surface, which we hope could prove to be telling.

We've achieved near total coverage across this licence in terms of geophysical surveying, geological mapping and soil sampling. While the CSAMT survey could yet still provide a new valuable data source, we are confident in the targeting work we've completed to date/

We expect this first phase drill programme will last around a month, with samples sent immediately for laboratory testing. Results from this will guide future drilling.

In the meantime, our team in the field has worked hard over the last week to finalise preparations. The drill camp is set up, the first pad is prepared, and the rig is on course to commence its work later this week.

Drilling is always the most exciting activity for any exploration company, and we look forward to what the next few weeks will bring."

[the chairman elect] 01/10/2022 07:45

London listed Morocco focused POTASH play Emmerson Plc / LSE:EML is well positioned following funding and is also well positioned to take advantage of the fertiliser market, said analysts at Shore Capital and Liberum.

Shore Capital said the potash development company is “fully funded to complete the detailed engineering work and remaining permitting and project financing processes through to a construction decision.”

Before that, the group needs the Environmental and Social Impact Assessment as well as receiving reassurance from the Moroccan authorities.

Analysts at Liberum said Emmerson expects to be able to easily finance the construction, expected to take place shortly after financial close, which should last six months.

This is because of strong interest from a range of international banks in the project, said Liberum.

Once construction is completed, Emmerson should be able to capitalise on the higher prices for fertiliser and the demand for a reliable source on the back of a supply being constrained due to war in Ukraine.

Earlier this week, the company developing the Khemisset potash project in Morocco confirmed the extension of convertible loan notes worth US$40mln.

Additionally, it will receive further investment from Global Sustainable Minerals, a cornerstone investor worth US$6mln, and a retail offer for £1mln.

[the chairman elect] 30/9/2022 14:51

Morocco focused Potash play namely AIM listed Emmerson / LSE:EML - remember that not only were the new funds [USD$6.75m] raised very recently at 6p but that just the other day the CFO paid 6.25p

[the chairman elect] 30/9/2022 08:10

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce its maiden drill campaign in the Kalahari Copper Belt ("KCB").

The Company has signed a contract with Mindea Exploration and Drilling Services Pty ("Mindea") for the first phase of drilling on licence PL082/2018. Kavango's technical team believes this prospecting licence ("PL") is a possible analogue to Khoemacau's Banana Zone deposit.

HIGHLIGHTS

- Contract signed with Mindea for maiden KCB drill campaign

- Mindea to deploy a multi-purpose rig, capable of both diamond core ("DC") and reverse circulation ("RC") drilling

- First phase drill programme

- Up to 6 holes (est. 1,250m) on PL082/2018, as first phase of 37,600m drill strategy (announced >>> 28 September 2022 )

- Drilling to commence no later than 9 October

- Expected completion by early November

- Samples to be sent to an internationally accredited laboratory for testing

- Drill Targets

- Two discrete copper geochemical anomalies, which align with mapped regional geology (announced >>> 26 August 2022)

- Northern Zone: 9km strike length with maximum width of 650m

- Central Zone: 27km strike length extending over length of PL082/2018

- Peak soil sample value of 118.8ppm Copper ("Cu") (pXRF values)

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

"Our technical team has worked extremely hard to maximise our chances of making one or more copper discoveries in the Kalahari Copper Belt. Our thorough exploration programme over the last 18 months has delivered 14 priority targets and I am now delighted to announce our maiden KCB drill campaign.

This is a significant achievement for Kavango. Following our successful drilling in the Kalahari Suture Zone and at Ditau in H1, we are on course to have drilled all three of our projects during 2022.

We are very happy to have partnered again with Mindea. Mindea has been active in the KCB over recent months with some notable successes. This work has recently paused, so we took advantage of that break to initiate drilling on PL082.

We are very fortunate that Mindea has been using a multi-purpose rig on its other job, as this is exactly what we need to optimise our programme as it develops. The timing has also worked out very well, allowing us to drill so soon after the latest positive exploration results from this licence.

Our technical team has done a superb job in identifying such significant drill targets. The alignment of coincident geological, geochemical and geophysical data sets is decidedly encouraging at this stage.

We now approach our first phase drilling on the KCB with a high degree of confidence and look forward to mobilising the rig as soon as we can."

[the chairman elect] 30/9/2022 08:00

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Deltic Energy Plc / LSE:DELT, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea drilling shortly with the OIL & GAS MAJOR namely FTSE100 listed SHELL

Graham Swindells, Chief Executive of Deltic Energy, commented:


"I am very pleased to report that, subject to shareholder approval, we will have raised funding of approximately £16 million, which is an excellent result for the Company and means that the Company is funded for both Selene and Pensacola. We are very grateful to our shareholders for their continued support and we are excited about the next phase of our development, particularly as we are about to drill our first well with Shell on the Pensacola gas prospect."

[the chairman elect] 29/9/2022 11:34

OIL & GAS STOCK WATCH

LSE:SENX