Molecular Energies Share Discussion Threads

[brasso3] 09/1/2024 07:07

Any news on the most expensive drilling campaign this century???

[all in eol] 06/1/2024 07:45

Strategic Pivot

It is expected that cash flow from the recent sale of the Argentine hydrocarbon assets will commence during 2024, providing an uplift to MEN's financial position. Thereafter, and irrespective of the outcome of the Paraguay exploration programme, the Company intends to focus its attention and resources increasingly on originating and developing alternative energy projects of scale with attractive long-term returns.

[all in eol] 06/1/2024 07:43

21 November 2023

MOLECULAR ENERGIES PLC

("MEN" or the "Company")

Pro-business result of the Argentina Presidential Election

Molecular Energies (AIM: MEN), the international energy company, notes the results of the election of the new Argentine President, who will take office on 10 December 2023.

The incoming President, Javier Milei, is a free-market economist and has stated that he intends to remove many of the current Argentine government restrictions on businesses. This includes those relating to foreign exchange and payments abroad which have plagued businesses under the current administration, including President Petroleum S.A. ("PPSA"), MEN's former subsidiary.

There may be complexities in implementation of such a strategy, but President Elect Milei has re-confirmed this objective with effect forthwith upon gaining office.

Should they occur, the removal of these restrictions will allow PPSA to commence repaying, starting in H1 2024, the intercompany debt outstanding to MEN, which is currently in excess of US$ 13 million pursuant to the terms of the agreement under which PPASA was sold in September 2023.

Furthermore, any more favorable business environment will be an advantage to President Nuevo Energia, a subsidiary of Green House Capital, a business specifically designed to operate in the green sector in Argentina.

[brasso3] 06/1/2024 07:05

We no longer have any assets in Argentina!

[all in eol] 03/1/2024 13:05

Fertiliser production is the most mature market for green h2 today 🌱

This video highlights why production in favourable locations, such as Paraguay, leads to a lower cost per kg of green h2 and cheaper green fertiliser production for the end consumer 🟢

[chris cat] 03/1/2024 11:30

Per the last RNS

"Subject to satisfactory testing and navigating the void period over Christmas it is projected that continuous drilling will start shortly after the forthcoming holiday period."

Even in MEN terms that surely must be in 2024....unless of course the BOP has been made by Blue Peter using double sided sticky tape.....which isn't beyond possibility with MEN

[driller81] 03/1/2024 11:18

Brasso's New Year's resolution to be more positive is going well!

[brasso3] 03/1/2024 06:06

Will MEN be doing any drilling in 2024?

[all in eol] 01/1/2024 17:18

Happy New Year everyone.
Spud news this week?

[officerdigby] 27/12/2023 09:21

Haven't they given the oil production away to the boss man?

[all in eol] 27/12/2023 08:50

Oil
PRESIDENT PETROLEUM S.A. 6,293 5,591 5,605 5,800 6,284 5,875 6,362 5,921 5,394 5,518 5,112 63,755
Gas
PRESIDENT PETROLEUM S.A. 2,618 2,632 2,817 2,290 2,111 1,943 1,987 1,989 1,911 1,961 345 22,605

Can’t help looking in on production figures to see if they have improved….

[all in eol] 22/12/2023 17:29

Merry Xmas from AiE.
Picked up some more today and put the price up to give a blue finish. Just a trade as I hope to sell them into Paraguay news.
Apart from that I expect things to recover here next year.
I’m sure if that happens it won’t change the moaning but I can’t have anything.
All the best to all for 2024, hope it’s a good one.

[chris cat] 21/12/2023 16:57

Merry Christmas from the MEN board.....here's a new all time low

[ih_838857] 18/12/2023 21:05

Would be nice of them to publish the Q&A's.

[chris cat] 18/12/2023 08:21

LOL ...AIE, amazed you remembered that. It's always a good start to an RNS and far too rarely evidenced with MEN so nice to see.

[all in eol] 18/12/2023 07:22

“Molecular Energies (AIM: MEN), is pleased to announce”

One for you chriscat 😊

[brasso3] 18/12/2023 07:15

LOL

'With this progress we look forward to the successful spin out and admission to AIM of Green House in 2024'

Translation: its not going to happen soon.

[all in eol] 18/12/2023 07:01

18 December 2023

MOLECULAR ENERGIES PLC

("MEN" or the "Company")

Significant progress within Green House Capital Group plc

Technological breakthrough on Dual Fuel Hydrogen Mobility

Green House set for IPO

Molecular Energies (AIM: MEN), is pleased to announce the achievement of a significant technological and commercial breakthrough at Dual Fuel Limited ("DFL"), a wholly owned subsidiary of the Company's 75% owned alternative energy development division, Green House Capital Group plc ("Green House").

Highlights

-- Initial trials on DFL's innovative and proprietary hydrogen injection technology indicate that a minimum of approximately 20% of hydrogen can safely be introduced into a heavy-duty diesel vehicle engine resulting in a proportionate reduction in the amount of emissions and a significant extension to driving range.

-- The 20% displacement represents the baseline for DFL's technology and establishes its credentials as a compelling commercial solution for heavy-duty diesel fleet operators worldwide with first customers in launch country Paraguay already identified.


-- DFL will now move to live testing on a rolling-road expected to take place in Q1 2024.
-- The DFL solution avoids need for expensive hydrogen only fuelled-vehicles and hydrogen refuelling networks, major inhibitors to rolling out hydrogen mobility.

Dual Fuel Technological Breakthrough

In February 2023, DFL contracted Helical Technology, an engine and vehicle testing specialist, to conduct trials on a heavy-duty vehicle engine using DFL's innovative and proprietary dual-fuel technology, developed in collaboration with DFL's contractor G-Volution Limited. The purpose of these trials was to identify the optimal conditions for introducing hydrogen into a diesel-powered engine.

The testing protocol entails a thorough evaluation of the engine and test cells followed by running of the engine using diesel alone and then progressively introducing hydrogen until the fuel entering the engine becomes disproportionate to its power output.

The results of these initial trials confirm that approximately 20% of hydrogen can be safely introduced into a heavy-duty diesel vehicle engine resulting in a proportionate reduction in the amount of emissions. The results also indicate that DFL's solution will significantly extend the range of heavy-goods vehicles.

DFL will now undertake a further test of its technological solution in a live rolling-road environment in Q1 2024 which is intended to complete the calibration of the software behind the system.

Upon successful completion of the rolling-road tests DFL expects to deliver its first retrofit solutions to customers in its lead country Paraguay in Q3 2024 with first customers already identified and the Government having a supportive and defined hydrogen mobility plan. DFL's offering will be supported by the supply of 100% green hydrogen generated by G-Mobility its sister company within Green House.

Paraguay is an economically and politically stable landlocked country with no active railway network which relies on a fleet of approximately 75,000 long range heavy diesel trucks and 3,000 barges for its infrastructure logistics. MEN, through the network created by its current and historic operations in Paraguay as well as its sister company Atome Energy, is particularly well positioned to penetrate this market.

DFL's cost-effective retrofit technology is positioned to provide fleet operators with an affordable and transitional decarbonisation solution which will expand the range of their vehicles without the need for an extensive hydrogen refueling network the latter being a material and expensive negative factor in other hydrogen mobility solutions.

The results of this initial trial demonstrate that the DFL technology is capable of substantial displacement of diesel within a heavy goods engine which will ultimately lead to a compelling commercial opportunity for its customers with the offering intended to roll out worldwide after using Paraguay as a lead country.

Green House IPO

The Green House AIM IPO is expected in Q1 2024.

Green House has made strong progress in preparations for its AIM IPO with all primary workstreams set to complete in the near term. Green House is encouraged by feedback received from investors seen to date which confirms the view that Green House can build on its significant progress with market support as an independent entity.

Christopher Raggett, CEO of Green House , commented:

"Operations within Green House continue to progress at pace and the latest technological breakthrough of Dual Fuel is particularly encouraging as we seek to bring this solution to a fertile target market very quickly.

Dual Fuel has a significant advantage over other hydrogen mobility solutions in that it can use existing vehicles at a modest retrofit cost, avoid having an expensive hydrogen refueling network whilst at the same time importantly reduce carbon emissions as a transition to Net Zero.

With this progress we look forward to the successful spin out and admission to AIM of Green House in 2024 ."

[wakeland] 15/12/2023 09:08

Last hope a successful drill at Paraguay that would hopefully result in a bid for the company at 2 or 3 times current mkt value.
Tbh I don't think this rig will get anywhere near the depth required, the rns for this rig made it a comparison for a used car with 300K miles on the clock. I hold on only for a miracle.

[brasso3] 15/12/2023 08:56

I imagine PL will want to get the GHC IPO away to further isolate his interests there from MEN. Then the scenarios I describe above will play out and PL will not care about MEN dilution or even if it goes under. If MEN delists that will save him a lot of money what he owes for the Argentina assets.

[chris cat] 15/12/2023 08:50

Brasso...you are spoiling our annual game of guess the positives for the forthcoming year with MRP/PPC/MEN, you know the game we play every year where PP tells us everything we have to look forward to and why next year will be different, most of us argue the opposite of course and guess what, here we are again with a new all time low share price The only certainty is that PL will collect his $500k salary and we will be poorer. I note last year that he got over $400k from MEN and the same amount from Atome. Probably not quite covering the losses from his Shares of course.

[brasso3] 15/12/2023 07:55

The are several scenarios now that will play out in 2024:-
1) Emergency placing to fund the Paraguay drilling/ testing.
2) Paraguay is successful and there will be a large placing to develop it.
3) Paraguay is a failure and MEN drifts towards a delisting/ 1p share again.

[chris cat] 15/12/2023 07:42

No Sign of PP yet to find something optimistic in this shambles