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Wolf Minerals, Victoria Oil & Gas, Alecto Minerals, Fastnet Oil & Gas at Next Forum

Published: 02:00 12 Jul 2014 AEST

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Next Thursday will deliver another four promising resource companies at our exclusive event in Mayfair

 

Taking to the stage at the Chesterfield Mayfair Hotel will be Wolf Minerals (LON:WLFE), Victoria Oil & Gas(LON:VOG), Alecto Minerals (LON:ALO), Fastnet Oil & Gas (LON:FAST)

 

Please ensure you don't miss out by booking your place HERE.  

 

 

 Wolf Minerals (LON:WLFE) has confounded a sceptical investing public to gain the financing and environmental sign-offs for Britain’s only tungsten mine.

The company’s £99mln equity raise, which was completed in May, supplemented by a £75mln senior debt facility, laid to rest any lingering worries over the financing of the Hemerdon Project.

It is now fully funded through to positive cash flow.

Sitting right on the outer edge of Dartmoor you can see why many observers forecast years of delays, predicting that the guardians of Britain’s greenbelt would mount a fierce rearguard.

The reality is that Wolf has delivered on its promises, acquiring the environmental permit, securing project finance and equity, off-takers and a 40-year lease on its property.

The focus is now on getting Hemerdon into production, which is planned for the third quarter of next year.

Joining to update on progress will be managing director, Russell Clark.

 

Having vowed to improve its performance last year, Cameroon-based gas supplier Victoria Oil & Gas (LON:VOG) has started to deliver.

Six electricity generating power units with a total capacity of about 9Mw are now hooked up to gas from Victoria’s Logbaba field. Three are for the local Guinness brewery, but a dairy company, plastic mouldings firm and flour mill have also all signed up.

It means Victoria is now a fully fledged utility supplying industrial users with gas-fired power, as well as thermal gas for heating, and poised to tap into a huge market for electricity in and around Douala, Cameroon’s largest city.

Estimates suggest Douala needs an additional 800-1,000 Mw of power, a good chunk of which seemingly can come from Victoria and Logbaba.

Shares have risen by 75% since April as the new customers were switched on, also helping Victoria move to a cashflow positive position. Chairman, Kevin Foo will explain how the company will move forward and take advantage of what it says is a massive opportunity.

 

Alecto Minerals (LON:ALO) is a great example of how gold explorers have adapted to achieve success in this new environment for juniors.

With the capital markets hard to crack, the Africa-focused group has taken the pragmatic decision of sharing the burden.

It has done this by joint-venturing some exciting ground in Ethiopia with FTSE 250-listed Centamin (LON:CEY), which has the option to spend up to US$14mln on exploration.

At the same time it is developing its Kossanto Project, in Mali, itself.

Although modest on a global scale, Kossanto has the potential to be a low cost and fairly straightforward operation to bring online.

There’s even a little blue sky nearby in Massakama, which has the potential to host the sort of elephantine deposit seen regionally such as Sadiola and Loulo.

Joining us to explain how savvy junior gold miners can still thrive will be Chief executive, Mark Jones.

 

In the wake of the drilling disappointment of the Foum Assaka well, offshore Morocco, Fastnet Oil & Gas(LON:FAST) presents something of an opportunity ahead of a fresh phase of catalysts.

There is the potential of an upcoming onshore venture in Morocco where an upcoming work programme could unlock a near 1tcf discovery with the potential for a number of “easy wins” as the company aims to appraise known gas discoveries using modern technologies and methods.

There is also the seemingly imminent progression of the Celtic Sea farm-out, while experts say the offshore Morocco story is still far from over with a number of high impact well set to be drilled and assessed over the coming months.

All told, it promises to be an exciting second half of 2014 for Fastnet. Chief executive, Will Holland will be in attendance to report on progress and put the recent developments into context.

 

 

Please join us at 5:45pm to allow for a prompt 6pm start. Each company has approximately 30 minutes to give a short presentation and for Q&A.  This will be followed by the 'Champagne Raffle' where six guests will win a bottle each.

 

 

The evening will end with a complimentary bar and an assortment of hot and cold canapes, giving you the opportunity to speak with the directors and other investors.

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