RareX Ltd’s Post

OreCorp Board recommends amended Perseus proposal. According to the ASX Release 25 March 2024 OreCorp Limited Board recommends that shareholders ACCEPT the amended Perseus proposal once it becomes capable of acceptance, in the absence of a superior proposal. The release further highlights that the  Silvercorp Offer has lapsed and OreCorp has exercised its right to terminate the Bid Implementation Deed dated 27 December 2023. The details of the release can also be read in the 4th Supplementary Bidder's Statement released by Perseus Mining Limited earlier today. In a statement, Perseus confirmed that - No superior proposal has so far emerged.  - Perseus increased its Offer Consideration to A$0.575 per OreCorp Share. -OreCorp received acceptance intention statements (Intention Statements) from key OreCorp Shareholders collectively representing 15.61% of OreCorp Shares on issue stating that they will accept the Perseus Offer before the end of the trading day on 27 March 2024. The directors of OreCorp have also confirmed that they intend to accept the Offer in respect of all OreCorp Shares which they and their Associates own or control. This represents 3.9% of the current issued OreCorp Shares. Read two complete statements from Perseus and OreCorp, links below https://lnkd.in/eUpz_P5k https://lnkd.in/eTqy8xU7 About Nyanzaga Project https://lnkd.in/eSwQJyKT

Looking forward to sharing some insights and thoughts on the proposed inclusion of ESG disclosures into the JORC Code with AMEC (Association of Mining and Exploration Companies) Automic Group

💧 Water Review to Support Sustainable Development in Queensland's Gulf Region The Association of Mining and Exploration Companies (AMEC) is actively participating in the Gulf Regional Water Assessment (GRWA) Stakeholder Advisory Group, a two to three-year initiative aimed at evaluating and improving water infrastructure in Queensland's Gulf region. The GRWA will assess current systems, project future water demand, and identify new projects to enhance water security for industrial and agricultural activities while ensuring environmental sustainability. Running concurrently is the Gulf Water Plan review, focusing on modernizing water management policies to address contemporary challenges. AMEC will ensure the mining sector's needs are represented throughout both processes. For more details, see the August/September edition of Australasian Drilling magazine: https://lnkd.in/gvae-76e #WaterManagement #SustainableDevelopment #MiningIndustry #QueenslandGulf #WaterInfrastructure #EnvironmentalSustainability #AMEC #EconomicGrowth #AustralasianDrillingMagazine #ADIA #AMEC

Investing in Australia's Future: A Legacy of Innovation and Sustainability The Australian Government’s "Future Made in Australia" initiative marks a significant leap towards innovation, renewable energy, and economic resilience. This Act aims to generate new jobs and opportunities across our entire country by maximizing the economic and industrial advantages of transitioning to net zero emissions. Additionally, it seeks to secure Australia’s position in a dynamically evolving global economic and strategic context. At Wallis Drilling, we've proudly supported Australia's growth and sustainability through our own local manufacturing since 1965. Our advanced engineering capabilities and custom-built drilling solutions have set industry standards and supported critical mineral exploration. From pioneering the Mantis range of Air Core Drill Rigs including the Mantis 60, 80, 100 and the automated Mantis 200 model to the automated RC drill rigs including the Wallis 300 RC drills, we continue to innovate and invest in a sustainable future for drilling and mining in Australia. Pictured below are four of our new model, Wallis 400 RC drills in the making. When finished, these rigs will be at the forefront of drilling automation and engineering excellence. Designed by our talented engineers at our Wallis HQ in Midvale, Western Australia, they are built by our dedicated new rig build team and will be operated by our drill crews in the Pilbara for our Iron Ore customers. Together, we’re building a stronger, greener and more resilient Australia right here at Wallis HQ in Midvale, Western Australia. #FutureMadeInAustralia #Sustainability #Innovation #Drilling #Mining

🌟 Exciting Times Ahead in Guyana! 🌟 The video discusses the contrasting approaches of South American countries towards oil drilling and the challenges they face. Guyana, which was once one of the poorest countries in the region, has experienced a rapid economic growth due to its oil discoveries. The country aims to maximize its oil production and become one of the top oil producers in the world. This has led to a transformation in infrastructure and an increase in living costs for the local population. Other South American countries like Ecuador and Colombia have taken different paths. Ecuador rejected government drilling plans, and Colombia has banned fracking and suspended new oil, gas, and coal exploration. These countries are focusing on renewable energy and transitioning away from oil. However, the economic incentives to drill remain strong, especially for countries with large reserves like Brazil. Concerns over environmental impact, such as oil spills and climate change, are growing, but the economic benefits of oil drilling are still a significant factor. The video highlights the complex implications and the need for a balance between economic growth and environmental sustainability. #Guyana #InvestmentOpportunities #CrudeOilDiscovery #FutureOfInvesting #GlobalEconomy #EmergingMarkets #BusinessGrowth #OpportunityAwaits

There's just one week left to let us know what you think about these open consultations: - ED 88, Arrangements Conveying Rights over Assets - ED 86, Exploration for and Evaluation of Mineral Resources - ED 87, Stripping costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12) Less than a month remains to share your thoughts on: - Exposure Draft (ED) 89, Amendments to Consider IFRIC Interpretations https://lnkd.in/ecVgnpj2

So your saying, You are the Lessor and the Lessee in property? and you name yourself as Defendant as Lessee in lawsuit? why? Cause i had to show that as Lessee i dont owe no debt to Lessor cause i have not commence drilling operations to obtain production to pay royalties. So their is no assigment, signed pooling agreement nor JOA with the operator that drilled wells? No? So your Leasehold estate is in a drilling unit without consent nor authorization to pool acreage? YES!!!!!! So all their leases has terminated on the grounds that your LEASE is still valid, in effect BUT in suspense according to provision 11 of said Lease? YES! NO MATTER IF THEY HAVE OBTAIN PRODUCTION TO LEASE were they drilled well. YES SIR! 75.6 acres is the Contract Area with AREA OF MUTUAL INTEREST. Ryan Clinton your article taught me a lot especially when they say a Lease has terminated. And you didnt go to Law Schoool for Oil nad Gas? No sir. and they drilled 66 offset wellls and still havent drilled the Contract area YET? 50 acres and 31 acres Community Lease, CORRECTO!!! THEY DID ALL WORK WITH NO AUTHORIZATION. Anadarko Washout against Anadarko? Anadarko was never apart of the Husband and wife LEASE AGREEMENT where wife is obligated to drill 1 single well on each tract with offset provisions. So they signed a fraudulent Lease with NON EXECUTIVE MINERALOWNER TO avoid Bury the LEASE THAT WAS INEFFECT BUT IN SUSPENSE UNTIL LESSEE can COMPLY WITH EXPRESS AND IMPLIED COVENANTS. AND YOU DID ALL OF THIS???? YES SIR!! OMG!!!!! This case will have its own Case LAW

🛢️ Big News from GL LTD! In 2023, GL achieved significant milestones in Buzovna-Mashtaga, Gala, and Zirya oil fields. Completing the drilling of six new wells, our team ensured zero incidents and zero environmental damage. Our relentless pursuit of excellence led to halting the rate of oil production decline by over 15% in these fields, thanks to the diligent efforts of our subsidiary Taghiyev Operating Company. We didn't stop there; we pushed further to increase daily production by more than 10% from the start of the year. The transformation continued with Salyan Oil Limited, where we ended a nineteen-year production decline at the Kursangi and Garabaghli oil fields, revitalizing production volumes through strategic operational efficiency programs, all without major capital investments. Looking ahead to 2024, we're excited to announce plans to drill two new wells and two sidetrack wells at the Kursangi and Garabaghli fields, diving over 4,000 metres deep into the earth. These projects promise to be as technically advanced as the most challenging wells in the Caspian region, marking an important milestone that ends a 13-year hiatus in drilling in these fields. At GL, we're not just increasing oil production; we're setting benchmarks, fostering sustainable practices, and driving innovation for a brighter energy future.

The Regional Tripartite Forum consists of three main stakeholders. These are : the mine employees (Unions and employees ) , the state ( DMRE - Department of Mineral Resources and Energy ) and the employers ( Managers on the mines ). In this picture , from left to right , is Mr Mbongeni Mkheto ( Union leader and mine employees’ representative ) , Mr Fighty Pilusa ( DMRE Inspector in the Northern Cape - state representative ) and myself ( Namaqualand RTF Chairperson - also mine employers and managers representative )

Shell targets one more shot at glory with 'lucky charm' rig in Namibia's white-hot Orange basin - Upstream Online: Shell targets one more shot at glory with 'lucky charm' rig in Namibia's white-hot Orange basin  Upstream Online