Silicon Investor - AFC Energy

[TheSlowLane] afcenergy.com afcenergy.com

TheSlowLane — 12/8/2015 12:32:08 PM

[larrydett] First week of July already. Hopefully, by the end of July, we'll know where we'...

larrydett — 7/7/2015 9:16:40 AM

First week of July already. Hopefully, by the end of July, we'll know where we're at with this company and its technology.

[TheSlowLane] bloomberg.com

TheSlowLane — 3/13/2015 4:33:30 PM

[TheSlowLane] Hi Larry thanks for surfacing here. That video is available on AFC Energy's You...

TheSlowLane — 8/12/2014 10:54:14 AM

Hi Larry thanks for surfacing here. That video is available on AFC Energy's YouTube channel:

youtube.com

[larrydett] Where did you get that video? As far as I can tell, it's not on AFC's WEB site ...

larrydett — 8/4/2014 11:57:09 PM

Where did you get that video? As far as I can tell, it's not on AFC's WEB site and I think it should be there for all of AFC's investors to see.

Thanks

[TheSlowLane] AFC Energy Signs Landmark Agreement for Stationary Fuel Cell Systems in South Ko...

TheSlowLane — 7/17/2014 5:00:22 AM

AFC Energy Signs Landmark Agreement for Stationary Fuel Cell Systems in South Korea

Breakthrough deal, supported by a leading Korean investment bank, is expected to be worth $3.75m, increasing up to $15m upon satisfactory completion of the first phase

SURREY, United Kingdom--(BUSINESS WIRE)--
AFC Energy plc, (“AFC Energy”, “AFC” or “the Company”), the industrial fuel cell power company, is pleased to announce that it has entered into a Heads of Agreement with Daniel Inc., a fuel cell focused power plant owner and development company in South Korea, for an initial 1MW fuel cell system with a follow-on option for a further 3MW project making a total potential sales value of approximately $15 million.

The Company believes this agreement, once ratified with a formal contract, will represent the largest sale in revenue terms by any British fuel cell manufacturer in South Korea for a stationary system in an industrial setting. It will also represent the biggest deal won by AFC Energy since its inception in 2006.

The initial 1MW alkaline fuel cell system will be deployed in stages and will include a long term maintenance agreement. Under the terms, a deposit of $1.25 million will become payable to AFC Energy upon signing of the formal contract and supply agreement, before deployment of the system commences. The formal contract will also include the opportunity for a follow-on order for a 3MW system at a second site, depending on performance.

The first system will use a mixture of liquefied natural gas (LNG) and biomass gas as its primary energy source to generate electricity. AFC Energy will install, operate and maintain its low cost fuel cell systems at Daniel Inc’s. site and the project will benefit from South Korea’s clean energy incentive program that focuses on the aggressive deployment of fuel cells by large electricity producers and users.

This project has been facilitated with the assistance of KDB Daewoo Securities (“Daewoo”), South Korea’s leading investment banking firm, acting as introducer for AFC Energy. Daewoo have indicated that going forward they will continue to support the Company in a referral function for other client companies and will receive appropriate compensation.

This agreement is the second major advance made by AFC Energy in South Korea and follows a Memorandum of Understanding announced earlier this week with Chang Shin Chemical Co., for the supply of multiple fuel cell systems with a total potential generating capacity of up to 5MW. In addition, the Company is already executing a Euro 6.1 million EU-backed flagship project, Power-Up, with Air Products at a major chemicals complex in northern Germany. It also has an ongoing strategic project with AkzoNobel at their site in Bitterfeld, Germany.

Ian Williamson, Chief Executive of AFC Energy PLC, said: “This initial agreement represents a tremendous opportunity for AFC Energy and, together with our other commercial-scale projects, is expected to establish a strong foundation to build a truly world class British fuel cell company focusing on industrial, chemical and utility sectors. South Korea is one of the world’s fastest growing fuel cell markets where US companies have traditionally made early inroads due to their long history. After entering this market less than two years ago, we have now established a significant bridgehead with strong partners and believe that this is the first of many more orders to come from this country.”

Nathan Dohyoung Kang, Infra Private Equity team leader at KDB Daewoo Securities, said: “We see huge potential in AFC Energy’s technology and are delighted to help initiate this order in Korea. In the fuel cell space, AFC’s system is the perfect antidote to South Korea’s renewable energy plan. There will be a meaningful impact not only for the government to achieve its non-photovoltaic renewable energy incentive plan but also for all the participants in the project. Many of our other clients have already demonstrated a clear interest in AFC Energy’s fuel cell systems and we look forward to making further introductions of the technology to the region. Our focus to also invest in and develop renewable energy sources will be further strengthened based on our firm relationship with AFC Energy.”

South Korea is one of the Company’s key target markets, where fuel cells are being adopted rapidly by industry and utilities to reduce reliance on imported fossil fuels. According to Kepco, the state-owed Korean electricity utility, the total installed capacity for stationary fuel cell systems is estimated to increase from 306MW at present to approximately 780MW in 2015 and almost double again by 2020. Whereas the country is poor in natural resources, it has an abundance of available hydrogen and syngas that is produced as a byproduct by its large chemicals industry.

Su Hoon Park, CEO of Daniel Inc., said: “AFC Energy will be an important partner for us as we aim to proliferate the fuel cell system in Korea. Upon successful implementation of the 1 and 3MW phase projects, there will be follow up ventures which will be the main ones in our planned portfolio and we are confident to say that AFC’s role would grow along with our expansion.”

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

[TheSlowLane] AFC Energy Signs Landmark Agreement for Stationary Fuel Cell Systems in South Ko...

TheSlowLane — 7/17/2014 5:00:15 AM

AFC Energy Signs Landmark Agreement for Stationary Fuel Cell Systems in South KoreaBreakthrough deal, supported by a leading Korean investment bank, is expected to be worth $3.75m, increasing up to $15m upon satisfactory completion of the first phase

AFC Energy plc2 hours ago

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SURREY, United Kingdom--(BUSINESS WIRE)--

AFC Energy plc, (“AFC Energy”, “AFC” or “the Company”), the industrial fuel cell power company, is pleased to announce that it has entered into a Heads of Agreement with Daniel Inc., a fuel cell focused power plant owner and development company in South Korea, for an initial 1MW fuel cell system with a follow-on option for a further 3MW project making a total potential sales value of approximately $15 million.

The Company believes this agreement, once ratified with a formal contract, will represent the largest sale in revenue terms by any British fuel cell manufacturer in South Korea for a stationary system in an industrial setting. It will also represent the biggest deal won by AFC Energy since its inception in 2006.

The initial 1MW alkaline fuel cell system will be deployed in stages and will include a long term maintenance agreement. Under the terms, a deposit of $1.25 million will become payable to AFC Energy upon signing of the formal contract and supply agreement, before deployment of the system commences. The formal contract will also include the opportunity for a follow-on order for a 3MW system at a second site, depending on performance.

The first system will use a mixture of liquefied natural gas (LNG) and biomass gas as its primary energy source to generate electricity. AFC Energy will install, operate and maintain its low cost fuel cell systems at Daniel Inc’s. site and the project will benefit from South Korea’s clean energy incentive program that focuses on the aggressive deployment of fuel cells by large electricity producers and users.

This project has been facilitated with the assistance of KDB Daewoo Securities (“Daewoo”), South Korea’s leading investment banking firm, acting as introducer for AFC Energy. Daewoo have indicated that going forward they will continue to support the Company in a referral function for other client companies and will receive appropriate compensation.

This agreement is the second major advance made by AFC Energy in South Korea and follows a Memorandum of Understanding announced earlier this week with Chang Shin Chemical Co., for the supply of multiple fuel cell systems with a total potential generating capacity of up to 5MW. In addition, the Company is already executing a Euro 6.1 million EU-backed flagship project, Power-Up, with Air Products at a major chemicals complex in northern Germany. It also has an ongoing strategic project with AkzoNobel at their site in Bitterfeld, Germany.

Ian Williamson, Chief Executive of AFC Energy PLC, said: “This initial agreement represents a tremendous opportunity for AFC Energy and, together with our other commercial-scale projects, is expected to establish a strong foundation to build a truly world class British fuel cell company focusing on industrial, chemical and utility sectors. South Korea is one of the world’s fastest growing fuel cell markets where US companies have traditionally made early inroads due to their long history. After entering this market less than two years ago, we have now established a significant bridgehead with strong partners and believe that this is the first of many more orders to come from this country.”

Nathan Dohyoung Kang, Infra Private Equity team leader at KDB Daewoo Securities, said: “We see huge potential in AFC Energy’s technology and are delighted to help initiate this order in Korea. In the fuel cell space, AFC’s system is the perfect antidote to South Korea’s renewable energy plan. There will be a meaningful impact not only for the government to achieve its non-photovoltaic renewable energy incentive plan but also for all the participants in the project. Many of our other clients have already demonstrated a clear interest in AFC Energy’s fuel cell systems and we look forward to making further introductions of the technology to the region. Our focus to also invest in and develop renewable energy sources will be further strengthened based on our firm relationship with AFC Energy.”

South Korea is one of the Company’s key target markets, where fuel cells are being adopted rapidly by industry and utilities to reduce reliance on imported fossil fuels. According to Kepco, the state-owed Korean electricity utility, the total installed capacity for stationary fuel cell systems is estimated to increase from 306MW at present to approximately 780MW in 2015 and almost double again by 2020. Whereas the country is poor in natural resources, it has an abundance of available hydrogen and syngas that is produced as a byproduct by its large chemicals industry.

Su Hoon Park, CEO of Daniel Inc., said: “AFC Energy will be an important partner for us as we aim to proliferate the fuel cell system in Korea. Upon successful implementation of the 1 and 3MW phase projects, there will be follow up ventures which will be the main ones in our planned portfolio and we are confident to say that AFC’s role would grow along with our expansion.”

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

[TheSlowLane] miningoz - why are you posting that stuff here? This board is for AFC Energy. ...

TheSlowLane — 4/26/2014 1:23:22 PM

miningoz - why are you posting that stuff here? This board is for AFC Energy. Are you lost? If you are not lost...would you mind getting lost? Or get on topic. Either way.

[miningoz] Range—oil production at 533 barrels a day [graphic] Range Resources Ltd has an...

miningoz — 4/26/2014 10:27:49 AM

Range—oil production at 533 barrels a day

Range Resources Ltd has announced that it achieved average production of 533 barrels of oil per day (bopd) in March this year. This is Range’s first report to the London Stock Exchange (LSE) of actual oil production in T&T. The company also named Terry Motley as operations manager for Trinidad, a territory which Range Chairman Sam Jonah said will be the company’s main focus going forward.

On April 10, at a reception at Prime Restaurant in Port-of-Spain, Jonah said the company took the decision to make T&T its main focus following the announcement of the new tax incentives for oil and gas exploration in the 2013/2014 national budget.

Ghana-born South Africa-based Jonah lavished praise on T&T’s Energy and Energy Affairs Minister Kevin Ramnarine at the reception, telling guests that in his 50-plus years in the extractive industries, he found Ramnarine to be “the best minister of natural resources” with whom he had the pleasure to work anywhere in the world. Regarded as one of the richest men in Africa, Jonah made his fortune in mining, oil and gas, and equity trading, according to the US’ Business Week magazine.

“The company is also delighted to announce the appointment of Terry Motley, as operations manager in Trinidad. Motley has extensive global experience in all aspects of drilling and production operations, including Trinidad. “Most significantly, (he) managed multiple rigs to increase oil production onshore Yemen from 2,000 bopd to 25,000 bopd over a two-year period. Additionally, Motley has technical expertise in horizontal drilling, high-pressure wells, and multi-well developments,” Range told the LSE.

Operations continue without any safety or environmental incidents and have been free of loss time incidents (LTI) since September 2013. “Average production for March was 533 bopd. Three of the fleet of six drilling rigs are fully operational and drilling ahead. The fourth (rig 1) has now undergone preliminary regulatory inspections prior to becoming operational. The maintenance programme for the remaining heavy rigs 6 and 7 continues,” Range said.

Giving a field development drilling update on Morne Diablo, Range said its QUN 148 well has been completed and is on production. Its QUN 149 well has been drilled to a total depth of 1,400 feet in the Lower Forest horizon. The well was completed and is under production test, Range said. QUN 150 well is drilling with the rig at approximately 700 ft with a target depth of 1,400 ft. Following delays in sourcing equipment, the sidetrack on the deeper well MD 248 kicked off from 3,234 ft targeting a depth of 6,500 ft.

On its South Quarry field development drilling, Range said its QU 452 well was drilled to a revised depth of 1,945 feet. The well was logged and partly perforated, showing an influx of oil with no water produced. Range said it is currently awaiting regulatory approvals for further perforations.

QU 452 was the first development well to be drilled in the South Quarry field since 2007. This outstep development programmw is expected to extend the field’s shallow producing trend into new fault blocks and result in additional proved reserves and future development targets.

The QU 453 well is drilling with rig 2 below 700 ft with a target depth of 2,000 ft, Range said. The company said it received Petrotrin approval for its Beach Marcelle waterflood programme and is currently awaiting further regulatory approvals.a number of financing opportunities, including the previously announced Reserve Based Lending option, for the company’s development projects in Trinidad.

The company is also seeking to refinance existing convertible bond issues. Negotiations with funding providers are ongoing and Range said it will update the market when these are finalised.

In its most recent results reported to the LSE—the half-year ended December 31, 2013—Range posted a net loss of US$18.1 million, almost double the US$9.6 million loss for the same period in 2012.

[miningoz] And finally…Quindell It has been a rollercoaster week for Quindell ( LON:QPP) w...

miningoz — 4/26/2014 9:36:44 AM

And finally…Quindell

It has been a rollercoaster week for Quindell ( LON:QPP) with the shares hitting a high of 40p and a low of 18.5p on the back of a report that all is not quite as it seems with the business. We at Shard like the shares and supported them in the 16p fundraise last year. At the time of writing we were expecting a detailed RNS either Friday or early next week to respond to this speculation and hopefully put the market straight. To me this moves seems overdone considering the company behind the report has made no secret of the fact it is short of the stock. What has probably made things worse is a series of stops being hit and people trading on leverage being closed out, making the decline much worse. If this Quindell’s response lays these allegations to bed, this could give believers a chance to top up at lower levels.

*The views expressed are the views of Shard Capital and should not be construed as investment advice, as we have not assessed your individual suitability for personal investment advice.

[miningoz] And finally…Quindell It has been a rollercoaster week for Quindell ( LON:QPP) w...

miningoz — 4/26/2014 9:36:43 AM

[miningoz] Gotham "gutter rats" slammed as Quindell takes legal action [graphic] Legal ac...

miningoz — 4/25/2014 9:04:40 AM

Gotham "gutter rats" slammed as Quindell takes legal action

Legal action has been initiated by outsourcing company Quindell Portfolio (QPP) against Gotham City Research in response to a research note published earlier this week, which it calls a "coordinated shorting attack".

In a statement released on Friday, the company reiterated that it considers the publication to be "highly defamatory, deliberately misrepresentative and entirely rejects the conclusions that are made".

The research company made a number of claims, including that Quindell's shares are worth "no more" than 3p, with between 42% and 80% of its profits being "suspect". Quindell's share price dropped in Friday morning trading by over 5% to 23.68p, after edging back up from its 40% plummet on Tuesday.

"The board notes the short positions that were taken in the company's shares prior to the publication by Gotham City Research and also the reference in the report admitting to readers that they should 'assume that, as of the publication date of the report, Gotham City Research LLC stands to profit in the event the issuer's stock declines'," Quindell said.

Short selling is the sale of a borrowed stock motivated by the belief that its price will drop, which will allow it to be bought back at a cheaper price to make a profit.

The software, consulting and technology outsourcing company, which has a market capitalisation of £1.5 billion, expects to update the market with a more detailed response later today.

Investor viewMost users on the Interactive Investor discussion board were pleased with the update.

'Fruit n Veg' said: "Legal action has been taken. That is a good start. It is a warning that this scam is actionable and that one or more market participants have already been targeted. Quindell should spare no effort in tracking down those within reach of the authorities."

'Westie11' agreed: "Hope the gutter rats are squirming in their lairs. About time this kind of slander was followed up with severe penalties."

'Don Van Vliet1' said: "The key is to rebut the headline findings. Addressing the historical trivia is of secondary importance at this stage, as it simply has no bearing of where the company is today and how it is presently structured. Banging on about a country club and [founder and executive chairman] Robert Terry's wife is a desperate red herring. I personally would have been embarrassed to have included that in the report had I been the author - it immediately strips away any gravitas it might have had."

However, in response, 'winningstreak' said: "It did not strip away 'gravitas' on this occasion, at least not in the eyes of the private investors' who couldn't sell quick enough."

But 'Don Van Vliet1' said: "Not for one minute do I (or do you) believe that 99% of the private investors had even read the report by the time they sold. In fact I'm not sure that many would have even read the headline findings in full. They saw two things - the words 'quicksand' and 'target price 3p'. In fact I would go so far as to say that even today probably only 5-10% have read the report in full and I'm being generous.

"In the space of an hour the shorters managed to take out a whole raft of automatic stop losses, which, in turn, triggered more sells, which, in turn, spooked private investors who saw a plummeting share price, who, in turn, sold in panic, which, in turn, took out more stop losses. It was a vicious self-fulfilling downward spiral. Classic herd mentality and undiluted panic, nothing more. Rationality played no part in this."

'Andy0000' agreed and was concerned fighting the claims would also harm Quindell.

"I can't see a way round this that doesn't hurt the business though. There is an implicit warning is this debacle. When you invest on AIM your cash is never safe. It really is the Wild West.

"The other point is that this becomes self-fulfilling as management time and resources are divert to this non-productive activity. Our accounts will have exceptional legal and accounting fees at next update."

Although 'Fruit n Veg' agreed, he believes Quindell cannot stand by doing nothing.

"I take the point but I don't think the company can ignore any abuses if the alleged abusers are within reach, i.e. in the UK. It sends the wrong signal if they are seen not to be acting. The costs will be factored into financial expectations."

Some users believe institutional investors hold the key for share-price recovery. "The stability of the share price will depends on one factor in my opinion; the support of the institutional investors," said 'Pipos'.

"They will have been speaking to and meeting the board of directors, they are the ones who can support or let the share price go with their buying or selling activity. There are several tactics they can use to help, such as stock recalls to squeeze the shorters and or just buying more stock. But the choice is theirs of course depending on how they view the attack and the allegations," the user added.

[miningoz] Range Resources maintains focus Range Resources ( ASX:RRS, LON:RRL) is continu...

miningoz — 4/25/2014 8:31:28 AM

Range Resources maintains focus

Range Resources ( ASX:RRS, LON:RRL) is continuing efforts to build up its onshore Trinidad oil assets while elsewhere it is allying with one of China’s largest listed oil service companies.

The fourth rig in the company’s drilling fleet has undergone preliminary regulatory inspections prior to becoming operational while maintenance continues on its remaining two heavy rigs.

It recorded average oil production of 533 barrels per day (bpd) for March and is currently awaiting further regulatory approvals for its Beach Marcelle waterflood programme that is targeted to add between 3,000 and 3,500bpd to its production for at least eight years after receiving Petrotrin approval.

Range has also completed a memorandum of understanding (MoU) to form a strategic alliance with China’s LandOcean Energy Services for the development of international oil and gas projects.

In addition, a number of financing opportunities, including the previously announced reserve based lending option, for its development projects in Trinidad are currently being reviewed by the company’s new management team.

The company is also seeking to refinance the existing convertible bond issues.

Chief executive officer Rory Scott Russell commented: “Since joining Range in February I have been working to restructure and focus the company’s portfolio, implement appropriate financing for our projects and bring in an experienced oil and gas management team.

“We are making progress on all these fronts and the new management team is excited by the opportunities ahead, particularly in building on our world-class onshore Trinidad asset.”

At the Morne Diablo field, the company has completed and placed the QUN 148 well in the Morne Diablo field, Trinidad, into production.

Range has also drilled the QUN 149 well to a total depth of 1,400 feet in the Lower Forest horizon. The well was completed and is under production test.

Drilling is currently underway at the QUN 150 well at about 700 feet.

Following delays in sourcing equipment the sidetrack on the deeper well MD 248 kicked off from 3,234 feet, targeting a depth of 6,500 feet.

At South Quarry, Range has drilled the QU 452 well – the first development well to be drilled in the South Quarry field since 2007 - to a revised depth of 1,945 feet.

Approvals are currently being awaited to carry out further perforations at the well.

This outstep development program is expected to extend the field’s shallow producing trend into new fault blocks and result in additional proved reserves and future development targets.

The company is also drilling the QU 453 well with rig 2 below 700 feet.

Range is continuing to pursue sale completion of its Texas assets with the buyer after it failed to meet the agreed timeframe. It is simultaneously running a process to remarket the assets in order to divest this non-core development project.

In Guatemala, operator Latin American Resources is drilling the Atzam-5 well with results expected to be released soon.

The company is also continuing with non-core asset rationalisation in Georgia and Colombia.

The MoU with LandOcean significantly increases Range’s technical capabilities while also providing additional options for the funding of future projects.

The understanding between Range and LandOcean is set out in a non-binding term sheet, which is subject to final, legally binding documentation.

LandOcean provides a wide variety of services across the upstream development cycle, from frontier geological studies through to engineering and procurement for development and production projects.

The company has appointed Terry Motley as its operations manager in Trinidad. He has extensive global experience in all aspects of drilling and production operations, including Trinidad.

Notably, Motley had previously managed multiple rigs to increase oil production onshore Yemen from 2,000 bpd to 25,000bpd over a two-year period. He also has technical expertise in horizontal drilling, high-pressure wells, and multi-well developments.

[miningoz] Seftons Resources fortunes are about to change with 30% cash injection in return...

miningoz — 4/25/2014 8:07:54 AM

Seftons Resources fortunes are about to change with 30% cash injection in return for JV partner with major resources.

It's time to compile a list of oil stocks to watch.

One reason: Crude oil futures hit near a six-week high in mid-April.

Moreover, U.S. crude oil production is booming, averaging around 3.22 million barrels at the end of 2013 according to the U.S. Energy Information Administration (EIA). When offshore production is added into the equation, the average number of barrels produced per day has risen to around 7.84 million.

That makes the U.S. accountable for 10% of the world's total oil production right now.

Here is a list of oil stocks to watch to tap into this booming sector...

List of Oil StocksEOG Resources Inc. (NYSE: EOG)

EOG is an independent company that has business ventures in natural gas and oil exploration, as well as production. It has diversified operations in the United States, Trinidad, United Kingdom, China and Canada.

The company's latest financial report showed that EOG was operating at net operating revenue of $14,487 million in 2013. The number shows a lot of growth compared to its $11,683 million in net operating revenue in 2012. As at April 16, the company projected its quarterly dividend payable to stockholders at $0.125 per share, which is an increase of 33%.

EOG stock was trading at $103.93 per share on April 23, with a 52-week range of $57.63-$104. Shares were up more than 23% year-to-date.

Penn Virginia Corp. (NYSE: PVA)

Penn Virginia has said it expects to boost its oil production by 85% in the current year. In 2013, the company showed strong growth in reinforcing its position in the highly productive Eagle Ford Shale. Additionally, PVA was recently in the news for acquiring George Soros as one of its shareholders.

The company traded at $17.15 on April 23, and is up more than 82% in 2014, landing it on our list of oil stocks to watch. Its 52-week range is $3.86-$18.09.

Teg Oil & Gas USA Inc /

Sefton Resources (SER.LSE)
Rumour has it Seftons fortunes are about to change with 30% cash injection in return for JV partner with major resources.
An independent oil and gas exploitation and production company Sefton Resources (SER:AIM) is focused on developing three independent revenue sources – enhanced oil recovery (EOR) in California, oil and gas exploration and production (E&P) in Kansas and gas transmission in Kansas. By operating 100% of all its assets and owning most of them, Sefton controls its own destiny.

Reserves #

The Group’s estimate for proven reserves in California, is 3.74 mmbbls. The report classifies 0.44 mmbbls (12%) as PDP, 1.22 mmbbls (33%) as PDNP and 2.08 mmbbls (55%) as PUD – giving an indication of upside. Sefton’s reserve report includes nothing for either probable or possible reserves.

ANDERSON COUNTY AREA

Anderson County Squirrel oil resources Prospective Oil : 1.97 MMBO : $105.98m * $68.79m **

Anderson County Warner Sand gas resources Prospective Gas :17.23 BCF : $31.89m * $18.73m **

Anderson & Franklin CountiesCBM gas resources Contingent Gas : 35.51BCF : $110.23m * $25.98m **

LEAVENWORTH COUNTY AREA

Leavenworth County CBM gas resources Contingent Gas : 2.51 BCF : $6.25m * $1.55m **

Leavenworth County CBM gas resources Possible Gas : 0.53 BCF : $1.93m * $1.02m **

PIPELINES

Anticipated pipeline revenue Gas : Net Vol > 10 MMcfd - $60.37m * $23.89m **

Total $316.7m * - $140.0m ** Revenue Key > > Cumulative Cash Flow * NPV 10 **

Its 52-week range is 0.155p-1.25p uk pounds

Sefton our list of oil stocks to watch.

Chevron Corp. (NYSE: CVX)

In 2012, Chevron operated on net average production of 2.16 million barrels of oil a daily basis. The return on the stockholders' equity was 15% in 2013, with a dividend of $3.90 per share. The company's market valuation as of Dec. 31 was $237,258 million.

CVX stock traded at $124.73 per share on April 23, with a 52-week range of $109.27-$127.83. It's been relatively flat so far in 2014, but has been pushing hard in exploration and development internationally. The promising long-term payoff from this growth put Chevron our list of oil stocks to watch.

Marathon Oil Corp. (NYSE: MRO)

MOR is divided into two separate entities: Marathon Oil Corp. and Marathon Petroleum Corp. Petroleum Corp. owns the fifth-largest refinery in the U.S. In 2012, Marathon Oil acquired around 25,000 acres in the Eagle Ford shale, one of the country's most productive regions.

On April 23, MRO stock traded at $36.52 per share, with a 52-week range of $30.21-$38.18. It's up 3.68% in 2014, and more than 19% year-over-year. Investors benefit from a 2.1% dividend yield, landing MRO on our list of oil stocks to watch.

Mercom Oil Sands (MMO.LSE)Byron Capital Markets Ltd., based in Toronto, Canada, is an employee owned full service investment dealer founded in 2009. Byron's focus, as an intellectually-driven and independent investment dealer, is to provide an unparalleled level of service to institutional investors and corporate clients throughout the lifecycle of their businesses. The Byron team brings a unique set of skills, insights and experience to important sectors of the global economy including oil and gas, metals and mining, alternative energy, technology, healthcare, life sciences and special situations.

Mercom has entered into a financial advisory agreement with Byron Capital Markets Limited ("Byron") to provide Mercom strategic corporate advice.

That potential is what makes Mercom Oil Sands (MMO:L) such an exciting play Currently talking with North American And Nigerian Asset plays.

Its 52-week range is 0.3p-1.25p uk pounds

Mercom our list of oil tiddler stocks to watch.

NuStar Energy LP (NYSE: NS)

NuStar Energy L .P constructs docks and storage tanks in Corpus Christi, Texas. It's also heavily involved in building more facilities to allow the company to take advantage of the current energy boom.

These growth activities are focused in Eagle Ford shale, about 100 miles away from its Corpus Christi location. Its port there managed to ship out 350,000 barrels of crude oil every day in November 2013. The figure is significant rise from its 10,000 barrels per day it was shipping at the start of 2012, according to Bloomberg.

NuStar's growth in the Eagle Ford region earned it a spot on our list of oil stocks to watch. This stock has surprised analysts by closing in on its 52-week high. Shares are up 11.9% in 2014, and NS stock traded at $57.25 on April 23.

[miningoz] Nick Warrell, chief executive officer of Sula Iron & Gold (SULA), determinedly e...

miningoz — 4/25/2014 8:02:46 AM

Nick Warrell, chief executive officer of Sula Iron & Gold (SULA), determinedly exudes cheerful confidence as the company works to establish a formal resource estimate for its Ferensola iron project in the mineral-rich West African state of Sierra Leone.

Bears fret about a potential global oversupply of iron ore and a weakening of China’s demand for the stuff as the People’s Republic’s economy slows.

Geochemical and geophysical surveys have identified several promising gold targets at Ferensola, Sula intends both to investigate these and to start quantifying the direct shipping iron ore (DSO) content at Ferensola, where consultant SRK has already forecast a 500 million-tonne potential iron ore deposit, by the end of May.

With iron ore recently hovering around $112 a tonne and pessimists talking of $100 or below, the entrepreneurial Warrell, a founder of London Mining, former owner of the Gwynedd gold mine in Wales and honorary Paramount Chief of the Diang Chiefdom near the company’s present concession, cites the 22 Chinese companies he says are actively looking for iron in Sierra Leone. Autumn drilling showed intercepts of up to 14.59 metres with 15.54 per cent iron and 29.7 metres with 52.25 per cent iron, though the 500 million-tonne target comes with a lower estimated grade of 30.4 per cent iron.

Ferensola, which lies in the Sula-Kangari greenstone belt, is close to African Minerals’ 12.8 billion-tonne Tonkolili iron ore mine and, according to SRK, shares many of its characteristics. Having started drilling on 9 April, Sula is looking for the first assay results late next month.

According to Warrell, the company, which lost £2 million in the year to last September, is fully funded for the next 12 months, having raised £3.65 million since then, including £2.25 million in March at 2.25p.That compares with today’s price of 3.15p, both a long way off Sula’s float price of 6p in 2012, though at least well above the shares’ 12-month low of 1.35p.

Management owns about 20 per cent of Sula, whose goal, says Warrell, is not to develop a mine, still less to mine one, but to establish the existence of a desirable iron ore property at Ferensola ‘and then be taken out’. The company has a similar objective for its gold projects in the same area, principally Dalakuru, where past work has yielded intercepts of 10.46 grams of gold per tonne of ore, but also Yanfarina and Lagunda, and, argues Warrell, latest geochemistry and geophysics should make the gold side ‘very attractive for joint venture partners.’

If sentiment for iron ore improves and Sula’s gold prospects prove worth pursuing, the shares could bounce, though, of course, risk remains.

[TheSlowLane] This board is for AFC Energy.

TheSlowLane — 4/24/2014 10:51:11 AM

[miningoz] One of the world's biggest mining companies has made an initial approach to Grea...

miningoz — 4/24/2014 9:08:19 AM

One of the world's biggest mining companies has made an initial approach to Great Western Mining(GWMO) in relation to its Nevada copper prospect, it is understood.
Great Western Mining Corporation Plc (“Great Western” or the “Company”), the Nevada based mineral exploration Company, to manage communications with the financial media, research analysts and investors.

Great Western floated on AIM as part of an IPO raising £1 million in August 2011, before also joining Dublin’s Enterprise Securities Exchange in November 2011 to take advantage of the growing investor base in Ireland.

A Competent Person's Report published with the move to AIM identified the presence of potentially bulk quantities of copper and silver across the Company’s claims. To this end, the Company began their extensive programme of exploration across its assets; with the goal of delivering shareholders a series of resource estimates leading to a bankable study.

The Company has just announced the appointment of a new Chairman, Brian Hall, who was previously a Non-Executive Director, and recently appointed David Fraser as Chief Executive. This is the first development in a planned ramp up in activities for the Company.

“Great Western has the potential to deliver significant value to shareholders, subject to proving up its mineral claims. The Company is operating in one of the safest mining jurisdictions possible, in an area well known for mineral discoveries. We look forward to assisting the Company as it looks to ramp up its City activity, and engagement with shareholders around increased news flow.”

The 'super major' has requested that GWM "keep it informed and up-to-date on its progress",said a well-informed source.

Dublin-based GWM, run by serial mining entrepreneur Emmett O'Connell.

GWM, through its precursor Eglington Exploration, has been working in this area of Nevada since the mid-1980s and its block of claims is one of the largest of any explorer in Mineral County in the south west of the state.

One source suggested that the company has found itself "in a major position but with the budget of a mouse.”
"If the drilling is successful and is copper-oriented, it is likely to attract one of the mining majors to farm into the claims,"” said the source.A number of major copper suppliers are already active in the area and securing a development partner if the drilling programme is successful will be key to the project.

Any such deal is likely to involve a major partner paying the costs of developing a mine, while Great Western Mining would seek up to 50 per cent of the revenue, said a source.

Apart from the possibility of a major find, GWMO may also mine copper at the site independently using a relatively simple method with which it has experience known as heap leaching, which could give it an immediate cashflow, it is understood.

The Road Ahead

A Competent Person’s Report is being currently drafted which will update the work carried out up to June 2012.
Last year's (June 2011) CPR gave the following:
Potential Target Models
Model Mass Tons Grade
Disseminated Silver 25 Million 102.9 g/t Ag
Disseminated Oxide Copper 25 million 0.6 % Cu
Epithermal Silver Vein 3 Million 514.3 g/t Ag

Your Board of Directors believe that a joint venture business plan
may be the most effective development strategy for a non-revenue generating exploration company. By adopting such a plan, the Company accepts a certain dilution in an exploration property rather than dilution to our existing
shareholders in all our prospects. GWM holds 100% working interest in all seven existing prospects, any one of which may hold an attraction to another mining company willing to pay for development expenses to discovery or abandonment in return for part interest. A mineral discovery on any prospect in our portfolio even at a 50% participation level, will translate meaningfully into shareholder value through tighter shareholder structure in remaining prospects.

Although early days yet, studies are underway examining the efficacy of installing a heap leach copper recovery system in the area of the Company’s interest. This would be a medium term development in terms of funding and timing. It is important therefore, to keep in mind that 100% of Great Western Mining Corporation’s efforts and mining assets are located in the mining friendly and politically secure environment of Nevada, U.S.A., just 10 miles or so from the California border with access to modern highway systems and rail connections to Pacific Ocean Ports. It is worth remembering that one customer, China, takes 40% of world copper production outside China.

[miningoz] .* * *Greatland Gold (LON:GGP) has confirmed further encouraging results from dr...

miningoz — 4/24/2014 8:59:39 AM

.* * *Greatland Gold (LON:GGP) has confirmed further encouraging results from drilling activities at the Warrentinna gold project in Tasmania.The company said all three holes intersected gold mineralisation above 1.9g/t gold, including 10m at 2.28g/t gold from 90m in hole WTR032 and 1m at 5.48g/t gold from 95m in hole WTR032. And it says there is further potential of depth extensions.Chief executive Callum Baxter said: "These results better define mineralisation and confirm further potential of depth extensions at Warrentinna, which is a key project for Greatland Gold. We remain committed to our plan to establish resources across our portfolio of assets, and these results are another step in the right direction."

[TheSlowLane] Patent granted: register.epo.org

TheSlowLane — 4/24/2014 5:16:53 AM

[miningoz] LionGold not giving up Unity Mining chase Controversial Singapore group LionGold...

miningoz — 4/21/2014 8:26:15 AM

LionGold not giving up Unity Mining chase
Controversial Singapore group LionGold has indicated it is not about to abandon its pursuit of ASX-listed Unity Mining, despite last year's spectacular market slump.

LionGold gained prominence during 2012 and 2013 when it swooped on a collection of high-cost and troubled gold assets around Australia and the world, including the Ballarat fields made famous by the Eureka Stockade in 1854.

Unity - with its operating Henty mine in Tasmania and its Dargues Reef prospect in NSW - became the best of LionGold's assets when the Singapore group bought 13 per cent of the gold miner 10 months ago.

But the gold slump of 2013 took its toll on both parties, with Unity becoming a more marginal operation, and LionGold shares spectacularly collapsing in Singapore by almost 90 per cent[iframe id="titan-conditionalAd-300x250-pos-3" name="titan-conditionalAd-300x250-pos-3" width="300" height="250" frameborder="0" scrolling="no" marginwidth="0" marginheight="0" style="font-family: inherit; text-align: center; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; border-width: 0px; vertical-align: bottom;"][/iframe]

But LionGold has indicated today it is still acquisitive for gold, despite last year's market trauma.

The group has agreed to increase its stake in Unity to 19.9 per cent under a share purchase plan run by Unity.

The sums involved are small - LionGold will pay just $2.37 million to increase its stake - but they will indicate to marginal gold producers everywhere that LionGold is still active in the market place.

No doubt the consistent rise in gold prices since December has helped resuscitate the Singapore group, with the yellow metal fetching about $US1330 per ounce this morning.

LionGold has also agreed to escrow its stake in Unity for one year, guaranteeing Unity the continued support of its biggest shareholder.

The news is a boost for Unity who themselves are rumoured to be circling Greatland Gold with an all share offer of 5p.

Close proximity neighbours Greatland have a gold deposit south of Devonport has strong potential for mining.

Parts of it have six times the gold grade that the Henty mine has recently produced.

The Firetower deposit has so far been defined as 400 metres long with a width of up to 80 metres.

The project comes under an agreement between Unity and London-listed Greatland Gold.

Unity is also continuing exploration efforts at Henty, on the West Coast.

It will focus exploration spending on resource extensions at its Read Zone.

The Firetower area is about 35 kilometres from Devonport.

[TheSlowLane] AFC Energy secures first fuel cell order from PowerHouse Energy AFC Energy p...

TheSlowLane — 4/4/2014 5:58:35 AM

AFC Energy secures first fuel cell order from PowerHouse Energy

AFC Energy plc (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has received the first order for its Beta+ fuel cell test system from AIM-listed PowerHouse Energy Group plc ("PowerHouse" or "PHE"), which is expected to be delivered in late 2014.

AFC's fuel cell system will be utilised together with PHE's ultra-high temperature gasification technology, which converts organic matter into a stream of syngas from which all potential toxins or pollutants are completely degraded and rendered safe. Hydrogen extracted from the produced syngas will be passed through AFC's fuel cell test system to generate clean energy.

AFC Energy will receive £150,000 from PHE for the supply of its Beta+ fuel cell test system consisting of two fuel cell cartridges. The cartridge within an AFC system holds the fuel cell stack and allows quick connection to the hydrogen and other utilities for ease of use. AFC will deliver, connect and commission the fuel cell system while PHE will prepare the site and provide the required utilities, including hydrogen, based on AFC's agreed specification. Further cartridges, additional maintenance or potential increases in capacity can be provided for an additional fee.

The transaction was negotiated by Waste2Tricity under the licensing agreement signed in February 2009, and the installation will be the first involving integration of AFC's fuel cell systems with hydrogen derived from the gasification of waste. The deposit of £50,000 will be paid in the form of PHE shares with the balance becoming payable after delivery. The system will form a key test bed for larger industrial applications in the waste-to-energy sector as the benefits of AFC's fuel cells and the significant increase in efficiencies become clear.

Ian Williamson, Chief Executive of AFC Energy, said: "This agreement is a further step towards our goal for deployment of large scale fuel cell systems in the waste-to-energy sector. We look forward to working closely with PowerHouse to develop and improve the efficiencies of generating electricity from their gasification systems. It is good to see our relationship with Waste2Tricity beginning to bear fruit. We have been working together on a number of opportunities around the globe and this is likely to be an important milestone for us in waste-to-energy."

Keith Allaun, the Executive Chairman of PowerHouse, stated "This is an exciting development for PowerHouse. The combination of these two advanced technologies has the potential to optimize their environmental advantages and electrical efficiency and if we are able to make the improvements we expect by using a fuel cell it could take waste-to-energy to a new level of operation."

John Hall, Managing Director of Waste2Tricity, said: "We see great potential from our engagement with Powerhouse, adding value in geographical locations where we own or have the rights of first refusal for the AFC technology."

For further information, please contact:

AFC Energy plc Ian Williamson, Chief Executive Jane Dumeresque, Finance Director	+44 (0)1483 276726
Peat & Co. - Corporate Broker Charlie Peat	+44 (0)20 7104 2334
Allenby Capital - Nominated Adviser Jeremy Porter James Reeve	+44 (0)20 3328 5656

Luther Pendragon - Public Relations Advisor

Neil Thapar, Alexis Gore and James Foster

+44 (0)20 7618 9100

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical powergeneration. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to- energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

[TheSlowLane] Robot assembling AFC Energy fuel cell stack: [youtube video]

TheSlowLane — 3/14/2014 9:06:06 AM

[TheSlowLane] "Fuel cell stocks have historically disappointed and developed a deserved ‘jam t...

TheSlowLane — 3/7/2014 5:34:38 AM

"Fuel cell stocks have historically disappointed and developed a deserved ‘jam tomorrow’ reputation amongst the investment communities on both sides of the Atlantic. Plug Power’s Walmart order is a flagship indicator that the situation is changing and the jam is finally starting to arrive. The change in investor perception of the sector across the Atlantic is yet to be reflected in UK share prices and is a point worth noting. Our two picks amongst AIM listed peers are ITM Power* (ITM.L) – (“ITM”) and AFC Energy (AFC.L) – (“AFC”).

ITM - has fully commercial rapid-response electrolysis hardware at the early stages of penetrating two global growth markets in power-to-gas for large scale storage of intermittent renewables and hydrogen fuelling infrastructure. We anticipate that a substantial order equivalent to the Walmart order for Plug Power, could well happen for ITM within twelve months.

AFC - is nearing commercial reality and in our view has the most compelling fuel-cell technology of all, due to its low materials and processing cost, its design for volume production and its modularity. Industrial energy production from waste hydrogen is an astute first target market as the barriers to entry are naturally low compared with consumer markets.

Conclusion: The surge in US fuel-cell and electrolyser stocks indicates that the jam has eventually started to arrive and UK peers could well follow suit."

[TheSlowLane] afcenergy.com

TheSlowLane — 2/15/2014 5:43:32 AM

[TheSlowLane] AFC Energy Signs MOU with Allied New Technologies Co-operation agreement is the...

TheSlowLane — 2/3/2014 6:09:19 AM

AFC Energy Signs MOU with Allied New Technologies

Co-operation agreement is the first inroad made by AFC Energy into the US market

SURREY, United Kingdom--(BUSINESS WIRE)-- AFC Energy plc (“AFC Energy” or “the Company”), the industrial fuel cell power company, is pleased to announce that it has signed a non-binding Memorandum of Understanding with Allied New Technologies Inc (“Allied”), a US chemicals manufacturer, to undertake a feasibility study for a fuel cell system to generate clean energy from surplus hydrogen produced at Allied’s plant in Florida.

The co-operation agreement marks AFC Energy’s first move into the US market and is aimed at lowering Allied’s energy costs by utilising hydrogen produced as a by-product at its chlor-alkaline facility. The hydrogen by-product can be used as a fuel-rich source with AFC Energy’s fuel cells to produce electricity with zero carbon emissions.

AFC Energy will work with Foster Wheeler, a leading engineering and construction contractor, in carrying out the study. The project will examine how electricity produced from stored hydrogen will enable Allied to optimise its chemical plant operations by lowering energy costs.

Ian Williamson, CEO of AFC Energy, said: “This study gives AFC Energy the opportunity to assess the commerciality of its low cost fuel cell technology in the US. We will investigate whether stored hydrogen can be an effective energy time-shift mechanism, automatically providing varying levels of energy to meet the changeable demand that occurs in the chlor-alkali industry. The ability to use such hydrogen ‘buffer’ storage technology is fundamental to all non-baseload renewable generating technologies so that energy can be made available effectively during periods of shortfall or greatest need.”

Allied’s Florida plant produces sodium hypochlorite (bleach) used in water treatment and the pool industry.

Michael Koven, Chief Financial Officer of Allied New Technologies, said: “This opportunity will enhance Allied’s ability to lower its unit production cost via use of by-product hydrogen, while simultaneously showing Allied’s commitment to being an energy efficient company.”

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

finance.yahoo.com

-----

The plant:

69.89.31.178

[TheSlowLane] Air Products joins AFC Energy’s Power Up project 06 November 2013 Industrial g...

TheSlowLane — 1/10/2014 4:26:08 PM

Air Products joins AFC Energy’s Power Up project

06 November 2013

Industrial gases giant Air Products has become a key strategic partner to AFC Energy in the latter’s Power Up project, where it will provide hydrogen to one of the world’s largest alkaline fuel cell power systems, using surplus hydrogen produced at a major chemical plant.

AFC Energy is leading the €6.1 million (US$8.3 million) Power Up project, funded through the European Fuel Cells and Hydrogen Joint Undertaking (FCH JU), to demonstrate large-scale fuel cell power generation.

Air Products will supply the hydrogen to the Power Up project, that will see the installation of one of the world’s largest alkaline fuel cell power plants. The installation will be sited in Stade, northern Germany, where Air Products already operates a major industrial gas processing plant that sources hydrogen from an adjoining chemicals complex operated by Dow Chemicals.

‘Air Products is delighted to become a key strategic partner in such an exciting project, which will demonstrate technical and economical feasibility of power generation from a hydrogen fuel cell at significant scale,’ says Diana Raine, European Business Manager for Hydrogen Energy at Air Products.

Air Products supplied hydrogen for the UK’s first hydrogen-powered ferry, Hydrogenesis, which operated in Bristol Harbour over the last summer.

AFC Energy commenced work on the Power Up project in April, and remains on track to install its first ‘KORE’ system in Germany during 2014. This is expected to become operational in the second half of the year, subject to local permitting.

AFC will initially install two alkaline fuel cell systems in stages, with a total 500 kW electrical output. The first system will be capable of running with 24 cartridges, expected to generate nearly 250 kW when it reaches full power.

Air Products replaces Essex-based Industrial Chemicals Ltd, which had planned to participate in the Power Up project, as announced by AFC Energy in June 2012.

‘The decision to move the project to Air Products provides us with the best possible opportunity to install and operate our KORE-branded fuel cell plant at a world-class industrial chemical/gases complex,’ says Ian Williamson, Chief Executive of AFC Energy. ‘It will also provide us with access and visibility to a significant quantity of clean hydrogen in a fully commercial setting.’

Williamson continues: ‘With our existing long-term project with AkzoNobel continuing at Bitterfeld, Germany, we will soon have two installations in one of the world’s most exciting and strongly government-supported markets for fuel cell energy.’

renewableenergyfocus.com

[TheSlowLane] Very brief mention here... forbes.com

TheSlowLane — 1/10/2014 3:00:48 PM

[TheSlowLane] Five year chart: [graphic]

TheSlowLane — 1/10/2014 6:13:09 AM

Five year chart: