Karelian Diamond Resources Share Discussion Threads

[shambaby] 18/10/2017 08:51

Welcome back George :-)

[george0802] 18/10/2017 08:45

The difference between today's RNS and inconsequential earlier ones is that we now have a specific objective with intent and a certain amount of urgency. I think that in the diamond - rich Karelian Craton it is more likely that we will find the source of our diamond find and unearth more diamonds in the process. When we do, Rio and possibly Alrosa will turn up with their picks and shovels offering to dig up the rich pickings. I just hope we do not hand it to one of them on a plate!

[dave444] 18/10/2017 08:10

Tampers were telling us secret deal already done - now oh it's near!!!!!

[shambaby] 18/10/2017 08:01

Location, Infrastructure, first European, coloured Diamonds 💎

[goldeneye5] 18/10/2017 07:58

And for RTZ......location, location, location!

[shambaby] 18/10/2017 07:56

Wouldn't call this non news DP, drilling season now upon us. Clear game plan. This kimberlite is clearly close and we know it's diamond rich. Coloured diamonds fetch such a huge premium.

[rbonnier] 18/10/2017 07:56

If we wake up one morning to the rns they have found the source of the world's rarest diamonds there will be a lot of people here who won't be laughing anymore and that's a fact .However until that happens it's the same old stuff the seller will appear this am with the usual 500k lines this morning and before we know it the bid will be 0.35 on an rns day !

[shambaby] 18/10/2017 07:52

Another one dropped on his head

[duplicate book] 18/10/2017 07:52

Probably not, and probably not at CGNR either. He just likes to provide contrarian views in a rather cynical fashion to wind up the resident Bulls it seems to me. Don't think this news will light the blue touch paper somehow! Trouble now is, that with every news release that is deemed to be 'non news', and not the BIG news that some are expecting and hoping for, there will be more frustration, more impatience, and probably more selling! See how today goes.

[goldeneye5] 18/10/2017 07:49

I think the location of the work is a very big deal. How long before RTZ deal is triggered now?

[thecynical1] 18/10/2017 07:46

Invested...... That is a laugh...... Incorrect word.......

[shambaby] 18/10/2017 07:40

Are you invested here Cynical ??

[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

Click Here for more Independent O&G Charts.
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

Click Here for more Independent O&G Charts.
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."

[boom boom bang bang] 18/10/2017 07:35

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

Click Here for more Independent O&G Charts.
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

Click Here for more Independent O&G Charts.
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."

[thecynical1] 18/10/2017 07:34

Those dann leprechauns..... Obviously emigrated to Finnland......... Themselves and the skeletons of doom must be having a laugh this morning.......one green stone.... The colour may be important in the leprechaun concept.... : )

[rbonnier] 18/10/2017 07:30

He's one of those top info twits

[shambaby] 18/10/2017 07:27

Keya5000 clearly does not understand terrain and best time to drill

[keysersosse] 18/10/2017 07:23

Keya - sorry mate but winter is exactly the time to start digging in the Karelian.

[goldeneye5] 18/10/2017 07:19

That big buy yesterday looks even smarter today!

[thecynical1] 18/10/2017 07:18

Shamans..... Were the diamonds hidden by the leprechauns? What a xxxonical post...... % )

"nice" RNS this morning..... Soften up the true believers, get them excited about and then spring the placing......?????! Seriously funny.....as if the market cannot see through their.......

Strange that they didn't mention any timescale? I guess it depends on the funds at hand........ Are there any funds available at the moment or do they need to do a fundraising..... No.... Surely not.......?????

[goldeneye5] 18/10/2017 07:18

Looks like it's all going on at the same time in a real push with regard to the rare diamond find. This discovery must be a big deal to RTZ.

[keya5000] 18/10/2017 07:16

Yawn still more early stage guff. One asks the question why did this not start in March in Spring 2017. The start of winter is not the best time to be digging in the Karelian.

[stevehoops] 18/10/2017 07:05

RNS

Extensive Work Programme Underway To Find Source of Kuhmo Diamond
Series of Pits Planned For Till Sampling and Bedrock Identification Programme
Ground Geophysics Scheduled
Analysis of Airborne Geophysics
Scanning Electron Microscopy (SEM) on Laboratory Samples Showing High Indicator Counts
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR, ESM: KDRI) is pleased to announce that an extensive work programme is underway to find the source of the green diamond discovered by the Company in the Kuhmo area of Finland, as announced on 31 January 2017. The work programme follows on from the high kimberlite indicator minerals (“KIMs”) counts recently reported on 25 September 2017, which has considerably narrowed down the search area. 
The objective of the programme is to locate the kimberlite body from which the green diamond originated. As a kimberlite body erodes over millions of years KIMs spread out to form a fan shaped train which may extend for many kilometres. The work programme is designed to identify the kimberlite train and follow it back to source.
This includes a systematic excavator pit programme for till sampling and bedrock identification together with analysis of airborne geophysics and a ground geophysical survey as well as analyses by Scanning Electron Microscopy of previously taken samples showing high indicator counts for precise classification.  
This release has been approved by Kevin McNulty PGeo, who is a member of the Company's technical staff and holds a BSc/MSc in Geology and Remote Sensing, in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:

[shambaby] 18/10/2017 05:59

AN Irish diamond exploration company believes parts of Fermanagh, in particular Brookeborough, may contain hidden diamonds and is seeking a licence to carry out searches in the area.
Karelian, which is currently conducting an extensive diamond exploration programme in Finland, has moved its attention to Fermanagh and Tyrone.
In documents lodged with Fermanagh and Omagh District Council by the Department for the Economy, Karelian explained that it wishes to focus on an area that it believes “may have diamondiferous potential and in which the historic Brookborough diamond is reported to have been discovered.”
Two reports from the Journal of the Royal Geological Society of Ireland refer to the 1816 discovery of the Brookeborough diamond in the Colebrooke River. The stone was presented to Lady Brooke and inspected by several jewellers in Dublin, who confirmed the stone to be a diamond.
The company’s website states that its objective is to make “substantial returns for shareholders” through the discovery and development of economic diamond deposits in the Finnish sector.
Now the Department for the Economy says it has received an application from the company in respect of mineral prospecting rights and that consideration is currently being given to the issue of one licence for six years for much of eastern Fermanagh and south Tyrone including all of Brookeborough and Fivemiletown, half of Tempo and the edge of Maguiresbridge. It includes Clabby Forest, Teiges Mountain and Slieve Beagh.
The map and some further details on the work programme which if permitted would include “low impact exploration sample collection” are on display at Enniskillen Townhall.
In papers submitted to the Council the Department for the Economy stated that “it is important that we identify our available natural resources as minerals are essential to support sustainable economic growth and quality of life.”
In the UK trade in minerals and minerals based products makes up over 20 per cent of total trade, with exports of £66 billion and imports of £85 billion in 2014, according to the documents.
“The Department recognises the need to make the best use of our mineral resources while also minimising the impacts on the environment and society,” it reads.
A minerals prospecting licence, which the Department says is not mining, permits a range of measures, including: reviews, geological surveys, assessments, a geochemical survey, a geophysical survey, trenching, pitting, rock sampling, drilling, chemical analysis and laboratory studies.
At Tuesday night’s meeting of the Council’s Regeneration and Community Committee, councillors were united in opposing the request from Karelian.
“The information we have been given is not enough, we don’t know exactly what they are proposing,” said Sinn Fein’s John Feely. “There’s no one accountable here, it’s just the civil service.”
“I would be very suspicious of this application,” said Sinn Fein’s Sheamus Greene. “There’s no professionalism in this whatsoever, it’s a complete shambles of an amateur document.”
“I too would be totally opposed at something like this going ahead in any townland,” said Independent Councillor Bernice Swift.
“Central government appears to be holding all the cards,” said Independent Councillor Josephine Deehan.
“I’ve heard nothing that would make me respond positively,” said Sinn Fein’s Brian McCaffrey:
“I too have concerns,” added SDLP Councillor Patricia Rogers.
Green Party Deputy leader Tanya Jones, who watched Tuesday night’s meeting at Enniskillen Townhall from the public gallery, said she is “concernedR21; about the development.
Speaking to this newspaper after the meeting, Ms Jones said: “We do not even know which base metals will be sought, or which areas within that vast region will be targeted, so we have no way of knowing what the potential impacts could be to groundwater, rivers streams and loughs, air quality, livestock, wildlife and habitats and to human health.”Ms. Jones welcomed the comments in the Council Chamber, particularity around “the insufficient information provided, the lack of accountability, the failure to consult and listen to local communities, the potential for serious damage and the need for a strategic review of the whole licensing regime.”
“Councillors pointed out the danger which mineral prospecting could pose to the growing tourism sector in areas such as Slieve Beagh and the consternation which has already been caused by goldmining operations in the north of the Council area. No one spoke in favour of the Department’s proposals,” she said.
A full response from the Council is to be “finalisedR21; at the Environmental Services Committee meeting on November 8.