Re: Hal's oily roundup
Posted: October 26th, 2022, 1:18 pm
Strong DGAF energy from Novatek - not publishing results, won't talk to investors.
Global don't have much new to say in their results, they'll need more cash soon. Tlou ticking along. Romgaz production down a little, electricity up 32%. VOG are looking to progress the potentially terminal lawsuit against them to the term sheet stage this week.
Following Cinnabar, Mosman are looking at redeveloping two old wells nearby.
Today 08:45 PAO Novatek (NVTK)
Announcement Regarding 3Q2022 Financial Statements
https://www.investegate.co.uk/pao-novat ... 45021655E/
the Company has decided not to publish its financial statements and not to hold a teleconference with investors on the third quarter and the nine months 2022 financial results.[!!!!!]
Today 08:34 Igas Energy PLC (IGAS)
Additional Listing Director/PDMR Shareholding
https://www.investegate.co.uk/igas-ener ... 34311652E/
application has been made to the London Stock Exchange for a total of 31,641 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of the London Stock Exchange ("AIM") under the IGas Energy plc Share Incentive Plan
Today 08:03 S.N.G.N. Romgaz S.A. (SNGR)
Announcement Q3 2022 Report availability&confcall
https://www.investegate.co.uk/s.n.g.n.- ... 03321634E/
The Quarterly Report and theConsolidated CondensedInterim Financial Statements for the 9-month period and Q3 ending September 30, 2022 (not audited) will be published on November 15, 2022, 8:30 AM
Today 07:53 Upland Resources Ltd (UPL)
Amendment to Sarawak Capital Raise
https://www.investegate.co.uk/upland-re ... 53221560E/
further to the RNS issued on 25th October 2022, that demand has been strong and that management will forego its participation in this financing to allow new shareholders to invest.
Today 07:33 Mosman Oil & Gas (MSMN)
Cinnabar Near Term Production Opportunities
https://www.investegate.co.uk/mosman-oi ... 33261547E/
Whist drilling the Cinnabar-1 well, attention was turned to the two older wells on the Cinnabar lease, which is Held by Production. These wells, Arco Fee G-1 ('G1') and Arco Fee G-2 ('G2') were originally drilled in the 1980's and both produced significant oil and some gas. Both wells are drilled to approximately 10,000 feet and completed for production. Mosman has been working on near term opportunities to increase production at these two production wells and identified the following lower cost opportunities...The detailed desktop work required before field work has now commenced.
Today 07:25 TotalEnergies SE (TTE)
Brazil: TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio
https://www.investegate.co.uk/totalener ... 2500Z2001/
and Casa dos Ventos (CDV), Brazil's leading renewable energy developer, announced today the creation of a 34%(TTE)/66%(CDV) joint venture to jointly develop, build and operate the renewable portfolio of Casa Dos Ventos.
This portfolio includes 700 MW of onshore wind capacity in operation, 1 GW of onshore wind under construction, 2.8 GW of onshore wind and 1.6 GW of solar projects under well advanced development (COD within 5 years).
Today 07:00 Global Petroleum Ltd (GBP)
Annual Financial Report - Year Ended 30 June 2022
https://www.investegate.co.uk/global-pe ... 00030869E/
· Ongoing technical work has successfully mapped the Barremian-Aptian source rock from previous drilling in the Walvis Basin, offshore Namibia, into the Company's PEL0094 licence area; further study work supports the Company's interpretation of a working petroleum system in the area
· Two significant discoveries of oil and gas in the Orange Basin, offshore southern Namibia, announced in February 2022 by other operators and interpreted by Global to be sourced from the Barremian-Aptian, with highly encouraging technical similarities between these discoveries and the prospectivity in PEL0094; further exploration and appraisal drilling in the Orange Basin understood to be commencing in Q4 2022
· One year extension to PEL0094 granted by Namibian authorities, until September 2023
· European Court judgement in the Company's favour regarding its 4 permit applications ("Applications"), in Italian southern Adriatic Sea; Applications confirmed as in compliance with Italian government's new plan for sustainable energy transition, effective in February 2022, which permits gas exploration; good progress towards award being made
· Cash balance of US$1,498,293 on 30 September 2022 following most recent equity raise in August 2022
· Loss after tax US$1,647,094 (2021: loss US$3,927,794 following impairment write off associated with expired licence PEL0029).
Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Q3 2022 Preliminary Key Operational Results
https://www.investegate.co.uk/s.n.g.n.- ... 00020705E/
This report provides preliminary information on important operational indicators of Romgaz Group for the first 9 months of 2022.
[Total production down -1.42%, electricity up 32.21%]
Today 07:00 Tlou Energy Ltd (TLOU)
Operational Report - Quarter ended 30 Sep 2022
https://www.investegate.co.uk/tlou-ener ... 00051137E/
a 100 km transmission line is being built from the Lesedi project area to join the grid...Progress at the end of September was 16%...This is expected to be completed in the second half of 2023....
Tlou has two production wells Lesedi 3 and Lesedi 4. Lesedi 4 continues to produce gas. During the quarter the Company decided to shut in the Lesedi 3 well as sufficient data exists from this well and there is no need to incur further production costs at this time. The well can be brought back into production as required....At the end of the quarter the Company had ~A$5.9m cash on hand
Today 07:00 Victoria Oil & Gas (VOG)
Update on Settlement of The ICC Award to RSM
https://www.investegate.co.uk/victoria- ... 00020809E/
provides an update on settlement discussions between RSM Production Corporation ("RSM") and VOG's wholly owned subsidiary Gaz du Cameroun S.A. ("GDC")....RSM filed the above motion in a Federal Court in Houston on 20 October 2022 in an attempt to contest and overturn the part of the Addendum to the Partial Final Award of the Tribunal (announced on 25 July 2022) (the "Addendum") that reduced the original award by US$4 million...This above motion has been filed despite material progress in settlement discussions. GDC and RSM remain in the process of finalising a term sheet for settlement of the ICC award (the "Term Sheet"). Although there can be no guarantee of concluding an agreement, VOG expects to advance the Term Sheet this week
Today 07:00 EnQuest PLC (ENQ)
Successful refinancing of capital structure
https://www.investegate.co.uk/enquest-p ... 00040983E/
it has successfully concluded the refinancing of its debt facilities. The Company has secured a $500.0 million reserves based lending (the "RBL") facility with a $300.0 million uncommitted accordion, maturing in April 2027, and has also completed its offering of $305.0 million aggregate principal amount of 11.625% senior notes (the "Notes") due November 2027....The Group has also reduced its net debt position as at 30 September 2022 to $750.0 million, representing a net debt to EBITDA ratio of 0.8x, demonstrating consistent reduction towards the Group's stated target of 0.5x net debt to EBITDA...We are delighted to have executed this comprehensive refinancing, which includes the successful bond issue, increased RBL and an upgrade to our credit rating from Moody's.
Today 07:00 Egdon Resources PLC (EDR)
Notice of Results and Investor Presentation
https://www.investegate.co.uk/egdon-res ... 00060831E/
will announce its preliminary results for the year ended 31 July 2022 on 8 November 2022. ... will host a live audiocast of the Results Presentation via the Investor Meet Company at 10:00am on 8 November.
Today 07:00 IOG PLC (IOG)
Issue of Equity and Director/PDMR Dealings
https://www.investegate.co.uk/iog-plc-- ... 00040996E/
The Company has issued a total of 648,079 Ordinary Shares following the exercise of options ("Options") over 546,871 Ordinary Shares by Rupert Newall, CEO, as well as 101,208 Options by other IOG employees pursuant to Salary Sacrifice Share Option agreements (the "Exercise"). Rupert Newall is not selling any shares to fund the tax liabilities incurred by his Exercise....
Robin Storey, General Counsel, a PDMR of the Company, and a person closely associated ("PCA") with him have purchased in the market an aggregate of 180,000 Ordinary Shares at a price of 10.85p per Ordinary Share, equating to an aggregate value of £19,530.
Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds
https://www.investegate.co.uk/canadian- ... 00040981E/
has issued 1,999,000 common shares (the "Shares") pursuant to a conversion of $400,000 principal of 2025 Bonds.
Today 07:00 Igas Energy PLC (IGAS)
Block Listing Application
https://www.investegate.co.uk/igas-ener ... 00061004E/
The purpose of the block listing is to satisfy the issue of shares under the Company's employee share option schemes including the 2015 Management Retention Plan, the 2015 Executive Director Retention Plan, the Executive Incentive Plan and the Star Energy LTIP.
Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00040974E/
They bought back 559,266 shares at 128.05p = £716,140
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00040999E/
They bought back 65,000 shares at 69.67p = £45,286
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00040990E/
They bought back 17,496 shares at 24.6p = £4,304
Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00030934E/
it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting, a total of 5,000 of its ordinary shares of nil par value at an average price paid per share of 11.00 pence per share.
Today 00:33 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast
https://www.investegate.co.uk/gran-tier ... 3300H2413/
the Company will release its 2022 third quarter financial and operating results on Tuesday, November 1, 2022, after market close. Gran Tierra will host its third quarter 2022 results conference call on Thursday, November 3, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.
Yesterday 18:30 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 30010898E/
On 21-Oct-2022, Bank of America Corporation increased from 10.624% to 11.255%.
Yesterday 17:30 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 30160884E/
They bought back 11,050,602 shares at 467.614p = £51,674,112
Yesterday 16:03 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 03110755E/
On 14-Oct-2022, Cairn Capital Limited increased from 22.023% to 23.004%.
Yesterday 13:41 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 41420637E/
On 21-Oct-2022, Bank of America Corporation increased from 7.69% to 8.029%.
Global don't have much new to say in their results, they'll need more cash soon. Tlou ticking along. Romgaz production down a little, electricity up 32%. VOG are looking to progress the potentially terminal lawsuit against them to the term sheet stage this week.
Following Cinnabar, Mosman are looking at redeveloping two old wells nearby.
Brent=$93.97(October) WTI=$86.17(November,Brent-7.80) Nymex gas=$5.54(October)
NBP =194.75p(October,Nymex+16.99) TTF=€100.790(November,Nymex+24.06) JKM=$31.020(December,Nymex+25.48)
Today 08:45 PAO Novatek (NVTK)
Announcement Regarding 3Q2022 Financial Statements
https://www.investegate.co.uk/pao-novat ... 45021655E/
the Company has decided not to publish its financial statements and not to hold a teleconference with investors on the third quarter and the nine months 2022 financial results.[!!!!!]
Today 08:34 Igas Energy PLC (IGAS)
Additional Listing Director/PDMR Shareholding
https://www.investegate.co.uk/igas-ener ... 34311652E/
application has been made to the London Stock Exchange for a total of 31,641 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of the London Stock Exchange ("AIM") under the IGas Energy plc Share Incentive Plan
Today 08:03 S.N.G.N. Romgaz S.A. (SNGR)
Announcement Q3 2022 Report availability&confcall
https://www.investegate.co.uk/s.n.g.n.- ... 03321634E/
The Quarterly Report and theConsolidated CondensedInterim Financial Statements for the 9-month period and Q3 ending September 30, 2022 (not audited) will be published on November 15, 2022, 8:30 AM
Today 07:53 Upland Resources Ltd (UPL)
Amendment to Sarawak Capital Raise
https://www.investegate.co.uk/upland-re ... 53221560E/
further to the RNS issued on 25th October 2022, that demand has been strong and that management will forego its participation in this financing to allow new shareholders to invest.
Today 07:33 Mosman Oil & Gas (MSMN)
Cinnabar Near Term Production Opportunities
https://www.investegate.co.uk/mosman-oi ... 33261547E/
Whist drilling the Cinnabar-1 well, attention was turned to the two older wells on the Cinnabar lease, which is Held by Production. These wells, Arco Fee G-1 ('G1') and Arco Fee G-2 ('G2') were originally drilled in the 1980's and both produced significant oil and some gas. Both wells are drilled to approximately 10,000 feet and completed for production. Mosman has been working on near term opportunities to increase production at these two production wells and identified the following lower cost opportunities...The detailed desktop work required before field work has now commenced.
Today 07:25 TotalEnergies SE (TTE)
Brazil: TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio
https://www.investegate.co.uk/totalener ... 2500Z2001/
and Casa dos Ventos (CDV), Brazil's leading renewable energy developer, announced today the creation of a 34%(TTE)/66%(CDV) joint venture to jointly develop, build and operate the renewable portfolio of Casa Dos Ventos.
This portfolio includes 700 MW of onshore wind capacity in operation, 1 GW of onshore wind under construction, 2.8 GW of onshore wind and 1.6 GW of solar projects under well advanced development (COD within 5 years).
Today 07:00 Global Petroleum Ltd (GBP)
Annual Financial Report - Year Ended 30 June 2022
https://www.investegate.co.uk/global-pe ... 00030869E/
· Ongoing technical work has successfully mapped the Barremian-Aptian source rock from previous drilling in the Walvis Basin, offshore Namibia, into the Company's PEL0094 licence area; further study work supports the Company's interpretation of a working petroleum system in the area
· Two significant discoveries of oil and gas in the Orange Basin, offshore southern Namibia, announced in February 2022 by other operators and interpreted by Global to be sourced from the Barremian-Aptian, with highly encouraging technical similarities between these discoveries and the prospectivity in PEL0094; further exploration and appraisal drilling in the Orange Basin understood to be commencing in Q4 2022
· One year extension to PEL0094 granted by Namibian authorities, until September 2023
· European Court judgement in the Company's favour regarding its 4 permit applications ("Applications"), in Italian southern Adriatic Sea; Applications confirmed as in compliance with Italian government's new plan for sustainable energy transition, effective in February 2022, which permits gas exploration; good progress towards award being made
· Cash balance of US$1,498,293 on 30 September 2022 following most recent equity raise in August 2022
· Loss after tax US$1,647,094 (2021: loss US$3,927,794 following impairment write off associated with expired licence PEL0029).
Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Q3 2022 Preliminary Key Operational Results
https://www.investegate.co.uk/s.n.g.n.- ... 00020705E/
This report provides preliminary information on important operational indicators of Romgaz Group for the first 9 months of 2022.
[Total production down -1.42%, electricity up 32.21%]
Today 07:00 Tlou Energy Ltd (TLOU)
Operational Report - Quarter ended 30 Sep 2022
https://www.investegate.co.uk/tlou-ener ... 00051137E/
a 100 km transmission line is being built from the Lesedi project area to join the grid...Progress at the end of September was 16%...This is expected to be completed in the second half of 2023....
Tlou has two production wells Lesedi 3 and Lesedi 4. Lesedi 4 continues to produce gas. During the quarter the Company decided to shut in the Lesedi 3 well as sufficient data exists from this well and there is no need to incur further production costs at this time. The well can be brought back into production as required....At the end of the quarter the Company had ~A$5.9m cash on hand
Today 07:00 Victoria Oil & Gas (VOG)
Update on Settlement of The ICC Award to RSM
https://www.investegate.co.uk/victoria- ... 00020809E/
provides an update on settlement discussions between RSM Production Corporation ("RSM") and VOG's wholly owned subsidiary Gaz du Cameroun S.A. ("GDC")....RSM filed the above motion in a Federal Court in Houston on 20 October 2022 in an attempt to contest and overturn the part of the Addendum to the Partial Final Award of the Tribunal (announced on 25 July 2022) (the "Addendum") that reduced the original award by US$4 million...This above motion has been filed despite material progress in settlement discussions. GDC and RSM remain in the process of finalising a term sheet for settlement of the ICC award (the "Term Sheet"). Although there can be no guarantee of concluding an agreement, VOG expects to advance the Term Sheet this week
Today 07:00 EnQuest PLC (ENQ)
Successful refinancing of capital structure
https://www.investegate.co.uk/enquest-p ... 00040983E/
it has successfully concluded the refinancing of its debt facilities. The Company has secured a $500.0 million reserves based lending (the "RBL") facility with a $300.0 million uncommitted accordion, maturing in April 2027, and has also completed its offering of $305.0 million aggregate principal amount of 11.625% senior notes (the "Notes") due November 2027....The Group has also reduced its net debt position as at 30 September 2022 to $750.0 million, representing a net debt to EBITDA ratio of 0.8x, demonstrating consistent reduction towards the Group's stated target of 0.5x net debt to EBITDA...We are delighted to have executed this comprehensive refinancing, which includes the successful bond issue, increased RBL and an upgrade to our credit rating from Moody's.
Today 07:00 Egdon Resources PLC (EDR)
Notice of Results and Investor Presentation
https://www.investegate.co.uk/egdon-res ... 00060831E/
will announce its preliminary results for the year ended 31 July 2022 on 8 November 2022. ... will host a live audiocast of the Results Presentation via the Investor Meet Company at 10:00am on 8 November.
Today 07:00 IOG PLC (IOG)
Issue of Equity and Director/PDMR Dealings
https://www.investegate.co.uk/iog-plc-- ... 00040996E/
The Company has issued a total of 648,079 Ordinary Shares following the exercise of options ("Options") over 546,871 Ordinary Shares by Rupert Newall, CEO, as well as 101,208 Options by other IOG employees pursuant to Salary Sacrifice Share Option agreements (the "Exercise"). Rupert Newall is not selling any shares to fund the tax liabilities incurred by his Exercise....
Robin Storey, General Counsel, a PDMR of the Company, and a person closely associated ("PCA") with him have purchased in the market an aggregate of 180,000 Ordinary Shares at a price of 10.85p per Ordinary Share, equating to an aggregate value of £19,530.
Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds
https://www.investegate.co.uk/canadian- ... 00040981E/
has issued 1,999,000 common shares (the "Shares") pursuant to a conversion of $400,000 principal of 2025 Bonds.
Today 07:00 Igas Energy PLC (IGAS)
Block Listing Application
https://www.investegate.co.uk/igas-ener ... 00061004E/
The purpose of the block listing is to satisfy the issue of shares under the Company's employee share option schemes including the 2015 Management Retention Plan, the 2015 Executive Director Retention Plan, the Executive Incentive Plan and the Star Energy LTIP.
Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00040974E/
They bought back 559,266 shares at 128.05p = £716,140
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00040999E/
They bought back 65,000 shares at 69.67p = £45,286
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00040990E/
They bought back 17,496 shares at 24.6p = £4,304
Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00030934E/
it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting, a total of 5,000 of its ordinary shares of nil par value at an average price paid per share of 11.00 pence per share.
Today 00:33 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast
https://www.investegate.co.uk/gran-tier ... 3300H2413/
the Company will release its 2022 third quarter financial and operating results on Tuesday, November 1, 2022, after market close. Gran Tierra will host its third quarter 2022 results conference call on Thursday, November 3, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.
Yesterday 18:30 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 30010898E/
On 21-Oct-2022, Bank of America Corporation increased from 10.624% to 11.255%.
Yesterday 17:30 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 30160884E/
They bought back 11,050,602 shares at 467.614p = £51,674,112
Yesterday 16:03 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 03110755E/
On 14-Oct-2022, Cairn Capital Limited increased from 22.023% to 23.004%.
Yesterday 13:41 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 41420637E/
On 21-Oct-2022, Bank of America Corporation increased from 7.69% to 8.029%.