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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#534703

Postby Hallucigenia » October 4th, 2022, 1:05 pm

Nice quiet day today - Eco spud their Gazania well off South Africa which is a potential 150mmbbl net for a £120m company. Union Jack do another "making money at Wressle" RNS and exercise warrants in their partner Egdon. Interesting that the new non-exec at Angus talks about storage which I don't think they've mentioned before. Peter Gyllenhammar buys more PressureTech

Brent=$90.3(October)            WTI=$84.78(October,Brent-5.52)      Nymex gas=$6.43(October)   
NBP =295.4p(October,Nymex+27.04) TTF=€166.850(November,Nymex+41.93) JKM=$38.870(November,Nymex+32.44)

Today 12:32 Block Energy PLC (BLOE)
Issue of Options and Shares and PDMR Dealing
https://www.investegate.co.uk/block-ene ... 32597418B/
Today, the Company granted nil-cost options over a total of 2,061,387 ordinary shares of 0.25p each ("Options") to directors, employees, and consultants. The Options were granted in lieu of cash payment for 40% of salaries and consultants' fees and up to 50% of directors' fees, in accordance with the cash conservation measures announced on 7 April 2020 and subsequent agreements with the employees, consultants and non-executive directors for fees to be paid in nil-cost options in lieu of cash payment.

Today 11:44 Oil and Gas Devt Co (OGDC)
Annual report for the year ended June 30, 2022
https://www.investegate.co.uk/oil-and-g ... 44157310B/
It is informed that the Annual Report of the Company for the year ended June 30, 2022 have been transmitted through PUCARS and is also available on Company's website.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
http://www.rns-pdf.londonstockexchange. ... 2-10-4.pdf

Today 10:37 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 37257109B/
On 30-Sep-2022, Peter Gyllenhammar AB (Stockholm Sweden) increased from 3.22% to 7.04%.

Today 07:30 Angus Energy PLC (ANGS)
Board Changes
https://www.investegate.co.uk/angus-ene ... 30016909B/
further to the announcement of 2 September 2022, Krzysztof Zielicki has now joined the Board of the Company as a Non-Executive Director. Krzysztof brings over 40 years of experience in the oil and gas industry. He has held leading roles for several Energy Majors, including BP and Rosneft, where he was Vice President for M&A and Strategy. He brings a wealth of technical, commercial and managerial experience as Angus enters the next phase of its growth strategy and has recently been appointed a Non-Executive Director of AIM traded SDX Energy Plc....
I look forward to helping George and the Board implement and execute their vision to transform Angus into a Major hydrocarbon producer and storage owner, through organic growth and strategic acquisitions. I am also very excited to leverage on my past experiences and network to further Angus's energy transition goals to develop and fund the company's geothermal portfolio.

Today 07:25 TotalEnergies SE (TTE)
Decarbonizing Heavy Industry: TotalEnergies and Holcim Join Forces to Study Solutions for First Carbon-Free Cement Plant in Belgium
https://www.investegate.co.uk/totalener ... 2500Z9408/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Holcim in Belgium have signed a Memorandum of Understanding (MoU) to work together on the full decarbonization of a cement production facility being upgraded by Holcim in Obourg, Belgium. Various energies and technologies will be assessed for the efficient capture, utilization, and sequestration (CCUS) of around 1.3 million metric tons of CO2 emitted by the facility every year.
Each partner will contribute its best-in-class technologies and its know-how to explore and develop the project, including:
an innovative new air-oxyfuel switchable kiln, to facilitate the capture and purification of CO2 in the flue gases, as part of Holcim’s upgrade of the current cement plant; and
the transportation and use of the captured CO2 by TotalEnergies for an innovative e-fuel producing scheme and/or deposit in geological storage in the North Sea.

Today 07:00 Eco (Atlantic) O&G (ECO)
Commencement of Operations on the Gazania-1 well
https://www.investegate.co.uk/eco--atla ... 00046351B/
is pleased to announce the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well....Eco holds a 50% Working Interest ("WI") in Block 2B and is Operator of the block....
The Gazania-1 Prospect is targeting over 300 million barrels of light oil. Pending discovery in the vertical section the JV partners have the option to directionally drill a second sidetrack well from the main well bore. Both the vertical well and the sidetrack optional well will be logged and then plugged back to surface, the well will be sealed, plugged and the casing cut off below surface.

Today 07:00 Union Jack Oil PLC (UJO)
US$10m Net Revenues Landmark Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00036245B/
is pleased to announce that material landmark net revenues of US$10,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.
Union Jack holds a 40% economic interest in this development.
In addition, the Company announces that it has exercised 4,000,000 warrants at 2.5p each to subscribe for 4,000,000 ordinary shares in Egdon Resources plc ("Egdon"). Following the exercise, the Company's holding in Egdon is 17,000,000 ordinary shares , representing 3.13% of the issued share capital of Egdon. Union Jack's total shareholding in Egdon is valued at approximately £909,500 as at close of business on 3 October 2022. Egdon is the operator of the Wressle development and holds a 30% economic interest.

Today 07:00 Egdon Resources PLC (EDR)
Notification of Major Holdings
https://www.investegate.co.uk/egdon-res ... 00066292B/
On 30 SEPTEMBER 2022, UNION JACK OIL PLC increased from 0% to 3.129%.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00046348B/
the Company has purchased 300,000 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 130.03 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00046328B/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Hallucigenia
Lemon Quarter
Posts: 2685
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#535087

Postby Hallucigenia » October 5th, 2022, 7:27 pm

Oops, forgot to press "post!"
So now 300 North Sea contract drillers/maintenance "covered by the United Kingdom Drilling Contractors Association (UKDCA)" working for Archer, Maersk, Transocean and Odfjell are voting for strikes with "48-hour stoppages every second week for the first eight weeks" starting 20 and 21 October. Hard to think of a group of workers who have more leverage on pay rises, but it's a consideration for any companies drilling in the North Sea this autumn - Deltic's Pensacola is being drilled by Maersk for instance.

Another quiet day, with Serinus being hammered for a duster at Moftinu Nord-1 although it only reversed the unexplained gains of a few days ago. Still, it seems to be forming a double bottom around the £10m mark.... Meanwhile Reabold confirm that it's Shell buying the Victory asset (via Corallian).
Wildcat waffle on without a deal, OTOH you can't help feeling that like SDX, they are operating in some good places and now have some serious people behind them who are likely to get a deal done.
VOG continue to look precarious, unable to raise any funds until at least one of their lawsuits is resolved - what a mess. They promise an update later this month, implying an outline deal will be done by then but they are negotiating from a position of immense weakness. Zenith continue to make wheelbarrows of cash from Italian electricity. Gyllenhammar continues to accumulate PressureTech.

Brent=$93.46(October)               WTI=$87.88(October,Brent-5.58)      Nymex gas=$6.92(October)   
NBP =321.25p(October,Nymex+29.46) TTF=€173.693(November,Nymex+43.39) JKM=$35.050(November,Nymex+28.13)


Today 18:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5850H9323/
They bought back 4,692,735 shares

Today 17:30 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 30529407B/
They bought back 10,449,967 shares at 453.864p = £47,428,620.96

Today 16:36 Enwell Energy PLC (ENW)
Price Monitoring Extension
https://www.investegate.co.uk/enwell-en ... 36089319B/
https://uk.finance.yahoo.com/quote/ENW.L/chart
On the day it's down -8%. Over the last 2 weeks it's been in the usual range.

Today 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35389313B/
https://uk.finance.yahoo.com/quote/NOG.L/chart
Back up 16%, reversing yesterday.

Today 15:44 Hunting PLC (HTG)
Director Shareholding/PDMR
https://www.investegate.co.uk/hunting-p ... 44039267B/
The Company was informed on 4 October that Bruce Ferguson had purchased 15,000 Hunting PLC Ordinary shares of 25p each at a price of 242 pence per share. The purchase took place on 4 October 2022. Following this transaction Bruce Ferguson's beneficial holding is 168,700 Ordinary shares in Hunting PLC representing 0.10% of the Company's share capital.

Today 15:30 Reabold Resources (RBD)
SPA for Sale of Corallian to Shell for £32 million
https://www.investegate.co.uk/reabold-r ... 30279262B/
Reabold is pleased that Shell and Corallian have executed a Sale and Purchase Agreement ("SPA") for the conditional purchase of the entire issued share capital of Corallian by Shell. The key terms of the SPA are as detailed in the Company's announcement of 14 September 2022 and Reabold intends to use the net proceeds received to advance development of its existing assets, including West Newton, and assess potential further acquisition opportunities.

Today 14:00 Serinus Energy PLC (SENX)
Price Monitoring Extension
https://www.investegate.co.uk/serinus-e ... 00419194B/
https://uk.finance.yahoo.com/quote/SENX.L/chart
On the day it's collapsed -26.1% having touched -31%. Over the last 2 weeks it's been in the usual range.

Today 13:40 Zenith Energy Ltd (ZEN)
Italian Electricity Production - September 2022
https://www.investegate.co.uk/zenith-en ... 40049178B/
During the month of September 2022, the Company produced a total of approximately 955.5 megawatt hours ("MWh").
Electricity prices during the month of September 2022 averaged approximately EUR 419 per MWh, resulting in net revenues of approximately EUR 400,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Today 11:00 Serinus Energy PLC (SENX)
Price Monitoring Extension
https://www.investegate.co.uk/serinus-e ... 00388943B/
https://uk.finance.yahoo.com/quote/SENX.L/chart
On the day it's collapsed -26.1% having touched -31%. Over the last 2 weeks it's been in the usual range.

Today 10:26 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 26568830B/
On 04-Oct-2022, Peter Gyllenhammar AB increased from 7.04% to 11.221%.

Today 10:24 Deltic Energy PLC (DELT)
Holding(s) in Company
https://www.investegate.co.uk/deltic-en ... 24278826B/
On 03/10/2022, Michael Alan Spencer increased from 16.82% to 18.83%.

Today 09:15 Victoria Oil & Gas (VOG)
Operational & Corporate Update
https://www.investegate.co.uk/victoria- ... 15018671B/
Logbaba Gas production continued in July & August at strong levels of above 5.5 MMscf/d, including the usually slower month of August, which was 10% up on last year....
Matanda... We have not yet been able to conclude a contract on acceptable terms with the rig owner of the Chad-based rig mentioned in earlier publications, so the Company is pursuing an alternate from the tendering exercise. The Company is still seeking a partner to share the cost and risk of the commitment well....
RSM litigation...discussions have been cordial and constructive, and a framework for settlement has been proposed with a view to signing a term sheet this month...
Owing to the financial uncertainty created by the ICC Award against GDC, the Company's shares were suspended from trading on AIM as announced on 4th April 2022. The suspension of VOG's shares remains in place whilst the Company attempts to finalise a settlement with RSM as noted above. A further announcement will be made later this month to update shareholders....
Until there is resolution with RSM, the Company is unable to raise funds via the equity markets. In addition, given the debt level and material uncertainty with respect to the ICC Award, it is practically impossible for the Company to raise debt financing. The parent company is therefore currently wholly reliant on internally generated funds, the receipt of which vary in quantum and timing. As a result, the financial position of the Company is precarious.

Today 08:20 Angus Energy PLC (ANGS)
Investor Presentation
https://www.investegate.co.uk/angus-ene ... 20268550B/
is pleased to announce that its presentation from 4 October 2022 London South East Investor webinar is now available on the Company's website http://www.angusenergy.co.uk
...The presentation refers to the Company's timetable of future operations including, inter alia, a further proposed sidetrack during Q2/3 2023 of the southern lobe of the Saltfleetby Field to address further gas contingent resources (1C) of approximately 12 BCF

Today 08:19 Petrofac Limited (PFC)
Director/PDMR shareholding
https://www.investegate.co.uk/petrofac- ... 1923EDNYO/
the Company were purchased on 4 October 2022 for the following Directors at 106.91 pence per Share.

Today 08:00 Wildcat Petroleum (WCAT)
Autumn Catflap
https://www.investegate.co.uk/wildcat-p ... 00018432B/
Firstly, I would like to welcome to the Wildcat family Waterford/Mr Kroupeev and their network of ultra high net worth natural resources investors(*). The Sunday Times in London chose to write about us (on 2nd October), fully appreciating the significance of the announcement....we have had productive talks with the oil minister of Sudan and executives from the Sudanese state oil company SUDAPET...As a result of the progress made in these talks, Wildcat has opened an office in Khartoum...Also, during the quarter Wildcat has had extremely productive meetings with senior members of the South Sudan oil industry. ...We will be looking to open a manned representative office in Juba in the not-too-distant future...would like to assure them that with our new "network" of friends backing Wildcat we are getting closer to executing a substantial deal in the not-too-distant future.

Today 07:00 Serinus Energy PLC (SENX)
Moftinu Nord-1 Well and Tunisia Update
https://www.investegate.co.uk/serinus-e ... 00057915B/
The Moftinu Nord-1 well was drilled to a total depth of 1,000 metres, targeting four prospective hydrocarbon zones. Well logging and gas show readings determined that these zones had indications of residual gas, but they do not contain sufficient gas resources to justify proceeding with the testing and completion program for the well....
Having previously defaulted on the rig contract, La Compagnie Tunisienne de Forage ("CTF"), the Tunisia state-owned drilling company, has confirmed the availability of its CTF-04 rig to perform the workover and installation of artificial lift for the W-1 well in Sabria. This rig is expected to be mobilized to the W-1 wellsite and commence work in Q4 2022. Once the CTF-04 rig has mobilized to the W-1 site, workover and installation operations are expected to take 60 days to complete. A third-party engineering study contracted by the Company estimates that the W-1 well will have mean gross initial production rate of 796 barrels of oil equivalent per day ("boe/d"), with the Company's net share being 358 boe/d.
Immediately following the completion of the W-1 workover and artificial lift installation, the CTF-04 rig will move to the Sabria N-2 well to perform a workover to recomplete the well.

Today 07:00 i3 Energy PLC (I3E)
November 2022 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 00068416B/
i3 announces its monthly dividend totalling £1.6996 million and confirms the following: Dividend: 0.1425 pence/share

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00037819B/
the Company has purchased 149,117 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 132.23 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00057912B/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Yesterday 18:57 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5725H9120/
They bought back 4,656,898 shares

Yesterday 18:06 BP PLC (BP.)
Transaction in Own Shares - Replacement
https://www.investegate.co.uk/bp-plc--b ... 06187824B/
They bought back 11,065,113 shares at 449.260p = £49,711,078.61

Yesterday 16:37 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 37357683B/
https://uk.finance.yahoo.com/quote/NOG.L/chart
Down 20% today.

Yesterday 16:36 United Oil & Gas PLC (UOG)
Price Monitoring Extension
https://www.investegate.co.uk/united-oi ... 36377670B/
https://uk.finance.yahoo.com/quote/UOG.L/chart
On the day it's jumped +12.4% with a spike to +18%. Over the last 2 weeks it's jumped +27% with a spike to +33%.

Yesterday 16:36 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 36337669B/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's dropped -14.1%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:30 Canadian O'Seas Petr (COPL)
New Investor Presentation
https://www.investegate.co.uk/canadian- ... 30017635B/
a new investor presentation to its website today titled, 'COPL Investor Presentation: October 2022'. This presentation can be accessed by the following link:
https://www.canoverseas.com/wp-content/ ... -09-30.pdf

Yesterday 16:30 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 30017639B/
Conditional entitlement to dividend equivalents in the form of additional shares in respect of conditional awards made over shares under the Energean plc Deferred Bonus Plan ("DBP") and the Energean plc Long Term Incentive Plan ("LTIP").
The right to dividend equivalents is in respect of the interim dividend announced by the Company on 8 September 2022 and paid on 30 September 2022 (the "Interim Dividend") (dividend equivalent entitlement detailed below). The right to receive dividend equivalents as shares shall also apply in respect of any future dividends paid before the relevant release date (in respect of awards granted under the LTIP) or vesting date (in respect of awards granted under the DBP).

Yesterday 14:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48007539B/
On 30-Sep-2022, Bank of America Corporation increased from 14.809% to 15.328%.

Yesterday 14:00 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 00277507B/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's jumped +9.1% with a spike to +18%. Over the last 2 weeks it's jumped +35.8% with a spike to +47%.

Hallucigenia
Lemon Quarter
Posts: 2685
Joined: November 5th, 2016, 3:03 am
Has thanked: 170 times
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Re: Hal's oily roundup

#535265

Postby Hallucigenia » October 6th, 2022, 12:17 pm

Shell steer outlook downwards, with refining and in particular chemicals seeing lower margins. Energean find gas in the 250-500bcf Hermes structure. Pennpetro do two deals to farm into acreage in Texas and seem to be looking at more Tunisia deals. Renewables going well for Parkmead, Ascent make some progress in formalising their JV mediation.

Brent=$92.87(October)               WTI=$87.26(October,Brent-5.61)      Nymex gas=$6.99(October)   
NBP =304.39p(October,Nymex+27.30) TTF=€169.850(November,Nymex+42.22) JKM=$35.050(November,Nymex+28.06)

Today 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00020124C/
On 03-Oct-2022, GIC Private Limited (SG) reduced from 4.9899% to 3.963% and adjusted their shares vs other formats.

Today 10:43 Ascent Resources PLC (AST)
Update on Slovenian JV partner negotiations
https://www.investegate.co.uk/ascent-re ... 43230319C/
As previously announced on 2 August 2022, Ascent Slovenia Limited ("ASL") and its Slovenian JV partner, Geoenergo, agreed ASL's entitlement to hydrocarbon revenues produced from the PG-10 and PG-11A wells...ASL and Geoenergo have now completed the high court judge-supervised mediation process and ASL has today initiated arbitration proceedings against Geoenergo to seek a binding and enforceable resolution, which was not available through mediation....Once matters are resolved with Geoenergo, ASL expects to be able to rapidly conclude disputed matters with Petrol Geo, the JV's operating service provider. However, in the meantime, ASL expects during Q4 to enter into a mediation process with Petrol Geo in relation to ASL's planned contractual default, as announced 28 May 2020, relating to an amount of circa €230k owed to Petrol Geo for services provided in 2019

Today 07:00 Shell plc (SHEL)
Shell third quarter 2022 update note
https://www.investegate.co.uk/shell-plc ... 0000H9380/
The following is an update to the third quarter 2022 outlook. Impacts presented may vary from the actual third quarter 2022 results and are subject to finalisation of those results, which will be published on October 27, 2022....
Integrated Gas Production is expected to be between 890 and 940 thousand barrels of oil equivalent per day.
LNG liquefaction volumes are expected to be between 6.9 and 7.5 million tonnes.
Trading and optimisation results for Integrated Gas are expected to be significantly lower compared to the second quarter 2022 as a result of seasonality and substantial differences between paper and physical realisation in a volatile and dislocated market....
Upstream Production is expected to be between 1,750 and 1,850 thousand barrels of oil equivalent per day....
The share of profit of joint ventures and associates is expected to include a gain between $0.5 and $0.7 billion relating to storage transfer effects.
Adjusted EBITDA is also expected to include non-cash one-off gains between $0.8 and $1.0 billion.
Marketing results are expected to be higher than the second quarter 2022...
The indicative refining margin is $15/bbl, compared to $28/bbl in the second quarter 2022; the decrease in margin is expected to have a negative impact of between $1.0 and $1.4 billion on the third quarter Adjusted EBITDA for Products compared to the second quarter 2022.
The indicative chemicals margin is expected to be negative of $(27)/tonne, compared to a positive $86/tonne in the second quarter 2022; the decrease in margin is expected to have a negative impact of between $300 and $600 million on the third quarter Adjusted EBITDA of Chemicals compared to the second quarter 2022.
Trading and Optimisation is expected to be in line with the second quarter 2022.
Refinery utilisation is expected to be between 86% and 90%.
Chemicals utilisation is expected to between 75% and 79%.

Today 07:00 Energean PLC (ENOG)
Hermes Well Results and Next Drilling Targets
https://www.investegate.co.uk/energean- ... 00069397B/
the Hermes exploration well has made a commercial gas discovery of between 7 and 15 bcm and that the Stena IceMax drilling rig has moved to block 12 to drill the Zeus structure....The Stena IceMax has now moved to block 12 (Olympus Area) to drill the Zeus structure. Zeus is estimated to contain 10 -12 bcm of gross prospective unrisked gas resources..Energean has exercised its option to drill a sixth well with Stena Drilling Limited as part of the current drilling campaign. This well is expected to target the Hercules prospect, located on block 23, offshore Israel.

Today 07:00 Pennpetro Energy PLC (PPP)
Operational Update
https://www.investegate.co.uk/pennpetro ... 00079520B/
it has signed a heads of terms ("HoT") agreement with ESG Energy, Inc. ("ESGY") for a proposed petroleum joint venture covering multiple counties in East Texas. [Pennpetro] has also agreed terms for a joint venture focused on the Austin Chalk covering 250,000 acres in Gonzales County, Texas... with an experienced and successful private, independent oil and gas company...
Drilling for both joint ventures is expected to start in January 2023. [Pennpetro] will be the designated operator in East Texas. It will also remain operator in COG and will be non-operating partner in the Gonzales JV....
[Pennpetro] will be responsible for up to 75% of the cost to drill and complete two exploration wells ("Commitment Wells") to a depth sufficient to test certain shallow gas seismic prospects for early production....Nobel will select the Commitment Wells from ESGY's inventory of more than 300 shallow gas prospects...Nobel will further select an additional twenty-eight shallow gas prospects ("Highgraded Prospects") in which Nobel will be granted a Right of First Refusal...
[Pennpetro] has agreed terms relative to an Area of Mutual Interest ("AMI") covering 250,000 acres in Gonzales County, Texas. [Pennpetro] will pay 33.33% of the cost to drill and complete up to ten development wells to the tanks for a net 25% working interest in each well....
A recent scouting trip to Tunisia reaffirmed the Company's interest in establishing a foothold in Tunisia for future growth. The country offers a large portfolio of attractive opportunities, ranging from potential acquisitions of existing producing assets, joint venture participation on development opportunities to low-risk exploration ventures, including the previously reported Upland Resources' Saouaf Permit

Today 07:00 Parkmead Group (The) (PMG)
Update on Renewable Energy Projects
https://www.investegate.co.uk/parkmead- ... 00069400B/
The acquisition of the Kempstone Hill Wind Farm, completed in February 2022, has now been fully integrated into the Group. The acquisition was immediately revenue and cash flow enhancing. In the last 12 months the wind farm generated 2,850 MWh with a 99.7% availability, enough to power up to 1,000 homes. Kempstone Hill benefits from an attractive inflation-linked, Feed-in Tariff through until 2036. The annual PPA was renegotiated for the year commencing 1 August 2022 and this has seen wholesale export electricity prices increase by nearly 250% leading to a significant boost in near term cashflow....
The major shift in the electricity generation market has changed the dynamics of renewable projects and Parkmead has decided to progress Pitreadie based on a hybrid of renewable technologies, rather than one just focused on wind. To that effect, Parkmead is progressing the necessary work required to allow the Company to consider submitting a full planning application for a combined wind and solar farm, with added potential for a battery storage unit.

Today 07:00 Tower Resources PLC (TRP)
Corporate and Technical Presentations
https://www.investegate.co.uk/tower-res ... 00099093B/
to coincide with the Company's participation at the Africa Oil Week Conference ("AOW") held in Cape Town, South Africa, copies of the introductory corporate presentation and the two technical presentations describing the Company's operated blocks in Cameroon and Namibia will shortly be available for download on the Company's website at http://www.towerresources.co.uk

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00089398B/
On 04/10/2022, GLG Partners LP increased from less than 5% to 5.000673%.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00089498B/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00099537B/
Deferred Stock Units ("DSUs") and Stock Options have been granted to certain PDMRs effective October 1, 2022 in accordance with the payment of directors' fees for the fourth quarter of 2022. Each DSU represents a contingent right to receive one share of the Company's common stock. The DSUs vest in full on award and are paid out at such time as the director ceases to be a member of the Board of Directors of the Company. Each Stock Option permits the holder to purchase one share of common stock of the Company at the stated exercise price. The exercise price equals the market price of a share of common stock at the time of grant. The Stock Options vest immediately and expire five years from the date of issue.

Today 07:00 UK Oil & Gas PLC (UKOG)
Director Share Purchase
https://www.investegate.co.uk/uk-oil--- ... 00089485B/
CEO buys £1k

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00069404B/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

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Re: Hal's oily roundup

#535684

Postby Hallucigenia » October 7th, 2022, 3:15 pm

Wow - you know it's a quiet day when literally the only news is Petrom replacing some coke drums and Jadestone moving office. That's all I've got - but what's happening with Aminex spiking like that?

Brent=$96.18(October)            WTI=$90.54(October,Brent-5.64)      Nymex gas=$6.81(October)   
NBP =286p(October,Nymex+24.94) TTF=€157.055(November,Nymex+38.06) JKM=$35.855(November,Nymex+29.04)

Today 10:23 S.N.G.N. Romgaz S.A. (SNGR)
Announcement - ROMGAZ BLACK SEA LIMITED
https://www.investegate.co.uk/s.n.g.n.- ... 23131727C/
announces the completion of the procedures to change the name of ExxonMobil Exploration and Production Romania Limited to ROMGAZ BLACK SEA LIMITED.

Today 09:19 Predator O&G Hldgs (PRD)
Exercise of Share Options
https://www.investegate.co.uk/predator- ... 19461627C/
it has received an exercise notice from Sarah Cope, a former director, in respect of share options issued to her pursuant to the Company's unapproved share option scheme.:

Today 09:06 OMV Petrom S.A. (PETB)
OMV Petrom continues the investments in Petrobrazi
https://www.investegate.co.uk/omv-petro ... 06001596C/
successfully completed the transportation of four coke drums to Petrobrazi refinery. These will become operational in 2023, replacing the current ones, which have been operating since 1989. The project to replace the coke drums was initiated in 2020. Approximately EUR 25 million have been invested so far, while total investments amount to EUR 70 million....The coke drums play an essential role in the refining process, ensuring, at high temperatures, the transformation of the heavy components into superior products. The weight of a coke drum is almost 200 tons, the diameter is about 6 meters, and the height of about 30 meters.

Today 09:01 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 01341591C/
On 04-Oct-2022, Bank of America Corporation increased from 15.328% to 17.456% and adjusted their shares vs other formats.

Today 08:39 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 39161582C/
On 04-Oct-2022, The Goldman Sachs Group, Inc. increased from 13.474% to 13.629%.

Today 07:00 Jadestone Energy PLC (JSE)
Change of Registered Office
https://www.investegate.co.uk/jadestone ... 00029221B/
effective 7 October 2022, its registered office address is: Jadestone Energy plc Suite 1, 7th Floor 50 Broadway London SW1H 0BL

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00040999C/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00041048C/
it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting, a total of 600,000 of its ordinary shares of nil par value at an average price paid per share of 9.00 pence per share.

Yesterday 19:14 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1458H9560/
They bought back 5,649,887 shares

Yesterday 17:42 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 42450874C/
They bought back 11,363,700 shares at 455.843p = £51,800,681.08

Yesterday 16:35 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 35440793C/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's jumped +16.1% with a spike to +22%. Over the last 2 weeks it's jumped +27.1% with a spike to +33%.

Yesterday 13:41 Vaalco Energy Inc (EGY)
ADMISSION OF ISSUED COMMON SHARES
https://www.investegate.co.uk/vaalco-en ... 41140646C/
it has made an application for the admission of 3,405,169 common shares of $0.10 par value per common share (the "Admission"), resulting from the historic exercise of options.

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Re: Hal's oily roundup

#536428

Postby Hallucigenia » October 11th, 2022, 1:33 am

I guess the big news today is the failure of the Serenity appraisal which hit Europa by 40%, and i3 by 11% - an opportunity? Ashdate say they will "materially outperform" expectations, up 6%, whereas Petrom are seeing lower production but higher prices. Upland bounce 22% on signing off the Sarawak study they announced a few weeks ago, Advance results are not very interesting but they continue to work on the reverse takeover. Zephyr complete their deal for adjacent gas assets, Hydrogen Utopia sign a MoU in Poland, and after hours on Friday TransGlobe squeaked through approval of the VAALCO merger.

Brent=$96.19(October)               WTI=$90.86(October,Brent-5.33)      Nymex gas=$6.57(October)   
NBP =283.34p(October,Nymex+24.81) TTF=€154.118(November,Nymex+37.29) JKM=$34.260(November,Nymex+27.69)

Yesterday 18:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4834H0124/
They bought back 1,200,000 shares

Yesterday 17:58 Kistos PLC (KIST)
Capital Reduction Update
https://www.investegate.co.uk/kistos-pl ... 58033987C/
the Company announces that the final hearing in the Court process to convert its Euro 14,734,000 merger reserve into a distributable reserve is expected to be held on 11 October 2022 (the "Court Hearing").

Yesterday 17:48 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 48423991C/
They bought back 11,300,368 shares at 464.836p = £52,528,168.59

Yesterday 17:25 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 25023958C/
it received a notice to exercise 402,806 Performance Warrants at a price of US$0.1869 (in a net basis) per Common Share.

Yesterday 16:11 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 1100Z2023/
A total number of 2,807,071,313 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares

Yesterday 15:16 Pharos Energy PLC (PHAR)
Standard form for notification of major holdings
https://www.investegate.co.uk/pharos-en ... 16213827C/
Bradley Louis Radoff (Houston) holding via Goldman Sachs increased from 3.038% to 4.164% [but why do you have to do weird things like using images for the names, which completely breaks any auto-processing!??!?!?!]

Today 12:00 Upland Resources Ltd (UPL)
Sarawak - Completion of JV Agreement
https://www.investegate.co.uk/upland-re ... 00053417C/
following the completion of the joint venture agreement between Upland's wholly owned subsidiary Upland Resources (Sarawak) Sdn Bhd ("URS") and Big Oil Ventures Sdn Bhd ("BOV"), the joint venture partners have agreed on financial terms and have jointly formed new local entity Upland Big Oil Sdn Bhd. BOV and URS will jointly finance the Joint Technical Study, and URS's forecasted project outlay towards the completion of the study totals $250K....The study programme is expected to be completed by end of 2023....The study will be carried out jointly by Upland Big Oil Sdn Bhd and Petroleum Sarawak Berhad ("PETROS") covering Block SK334 which has a size of approximately 6,685 sq km, located in the northern region of Onshore Sarawak, Malaysia. [first announced 2 September but up 22% today]

Today 09:07 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 07183200C/
On 05-Oct-2022, The Goldman Sachs Group, Inc. reduced from 13.629% to 13.554%.

Today 09:00 Europa Oil & Gas (EOG)
Price Monitoring Extension
https://www.investegate.co.uk/europa-oi ... 00213196C/
https://uk.finance.yahoo.com/quote/EOG.L/chart
On the day it's collapsed -42% having touched -48%. Over the last 2 weeks it's dropped -39.3% having touched -45%.

Today 07:00 Advance Energy PLC (ADV)
Final Results
https://www.investegate.co.uk/advance-e ... 00062523C/
Without doubt, the year under review has been a challenging one for the Company, with a disappointing outcome on the Buffalo well announced in January 2022....
On 9 September 2022, the Company announced that it had entered into a non-binding Heads of Terms ("HoT") with the majority owner of a European oil and gas company. Under the HoT, Advance would acquire the European company for a combination of new shares in Advance and an earn out based on oil production (the "Potential Acquisition"). The HoT includes standard conditions, including an exclusivity period up to 29 October 2022 and the completion of satisfactory due diligence.[$662k cash as of April]

Today 07:00 Ashtead Tech Hldgs (AT.)
Trading Update
https://www.investegate.co.uk/ashtead-t ... 00073097C/
the Group has continued to benefit from increasing strength across its geographic markets resulting in higher cost utilisation and pricing compared to the prior year. Given the strong underlying performance, and supported by the continued positive market outlook and favourable exchange rates across its international business, the Board has increased confidence in the Group's trading outlook and now expects to materially outperform its previous expectations for the full year ending 31 December 2022. [up 6%]

Today 07:00 i3 Energy PLC (I3E)
Serenity Appraisal Well Result
https://www.investegate.co.uk/i3-energy ... 00072602C/
The 13/23c-12 Serenity appraisal well was drilled to a total vertical depth of 5,630 ft below sea level. The targeted Lower Cretaceous Captain sand, which contained hydrocarbons in the 13/23c-10 well discovered in October 2019, was not present at this location. Over 100 ft of other Captain sands in various sequences were found but were water wet. The well will now be plugged and abandoned.

Today 07:00 Europa Oil & Gas (EOG)
Serenity SA02 Well Result
https://www.investegate.co.uk/europa-oi ... 00072596C/
The targeted Lower Cretaceous Captain sand, which contained hydrocarbons in the 13/23c-10 well, was not present at this location. Over 100 ft of other Captain sands in various sequences were encountered but these were found to be water wet and as such a decision has been made not to run wireline logs. The well will now be plugged and abandoned and the rig will then be released from contract.

Today 07:00 Hydrogen Utopia Intl (HUI)
Memorandum of Understanding
https://www.investegate.co.uk/hydrogen- ... 00082579C/
is pleased to announce that it has through its Polish subsidiary, Hydropolis United ("Hydropolis"), agreed a memorandum of understanding ("MOU") with Elkard Z.o.o. Sp.K. ("Elkard"), a company based in Torun in north-central Poland, in relation to the development of a plastic waste processing plant designed to produce hydrogen, electricity and heat (an "HUI Plant").

Today 07:00 OMV Petrom S.A. (PETB)
OMV Petrom Trading Update Q3_2022
https://www.investegate.co.uk/omv-petro ... 00073085C/
Production down 4.6% yoy but prices make up for it.

Today 07:00 Zephyr Energy PLC (ZPHR)
Completion of acquisition of infrastructure assets
https://www.investegate.co.uk/zephyr-en ... 00072578C/
is pleased to announce the completion of the acquisition of a package of oil and gas assets located on and around the Company's Paradox project, Utah, U.S. (the "Paradox project") (the "Acquisition"). Details of the Acquisition were announced on 14 September 2022.... Further updates on this will be announced shortly and will be presented at our Investor Webinar on 25 October 2022, details of which we announced on 28 September 2022.

Today 07:00 Mosman Oil & Gas (MSMN)
Cinnabar-1 Drilling update
https://www.investegate.co.uk/mosman-oi ... 00073098C/
Cinnabar-1 well in Tyler County, Texas is proceeding as planned.

Today 07:00 88 Energy Limited (88E)
Corporate Presentation
https://www.investegate.co.uk/88-energy ... 00072688C/
the Company's October 2022 corporate presentation is available on 88 Energy's website at http://www.88energy.com

Today 07:00 88 Energy Limited (88E)
Notice of General Meeting
https://www.investegate.co.uk/88-energy ... 00082687C/
the GM, which is to be held at Quest Kings Park, 54 Kings Park Rd, West Perth, WA 6005 at 09:30 a.m. (WST) on 11 November 2022.

Today 07:00 Block Energy PLC (BLOE)
Change of Auditor
https://www.investegate.co.uk/block-ene ... 00082544C/
the Company has appointed PKF Littlejohn LLP ("PKF") as the new auditor of the Company and its subsidiaries (the "Group") and BDO LLP ("BDO") has resigned as auditor.

Today 07:00 Diversified Energy (DEC)
Diversified Provides Board of Directors Update
https://www.investegate.co.uk/diversifi ... 00072506C/
due to other commitments, Melanie Little will resign from the Company's Board of Directors (the "Board") as of 31 December 2022. Little, who has been a member of the board since 2019, is leaving the Board in good standing and on amiable terms.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares - Replacement
https://www.investegate.co.uk/bp-plc--b ... 00042507C/
They bought back 11,363,700 shares at 455.843p = £51,800,681.08

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00072598C/
it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00072600C/
, it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 00062527C/
on 7 October 2022 it purchased 50,000 of its ordinary shares of USD 0.01 each ("Ordinary Shares"), at an average price of 121 pence per Ordinary Share, pursuant to instructions issued by Trinity as part of its share buyback programme, as announced on 20 September 2022.

Friday 18:34 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3456H9745/
They bought back 384,797 shares

Friday 17:54 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 54032459C/
They bought back 11,233,096 shares at 466.002p = £52,346,425.52

Friday 17:50 Vaalco Energy Inc (EGY)
BUSINESS COMBINATION APPROVAL
https://www.investegate.co.uk/vaalco-en ... 50552445C/
George Maxwell, VAALCO's Chief Executive Officer commented, "We are excited for this business combination and appreciate the strong support we received from both sets of stockholders..."

Friday 17:21 TransGlobe Energy (TGL)
Special Meeting Results
https://www.investegate.co.uk/transglob ... 21542423C/
pleased to announce that today at its special meeting... the TransGlobe Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement (the "Arrangement") pursuant to Section 193 of the Business Corporations Act (Alberta), pursuant to which VAALCO Energy Canada ULC ("AcquireCo"), will acquire all of the issued and outstanding TransGlobe Common Shares...The Arrangement Resolution was required to be passed by not less than 66 2/3% of the votes cast by TransGlobe Shareholders...A total of 49,167,114 TransGlobe Common Shares (approximately 67% of the issued and outstanding TransGlobe Common Shares) were represented at the Meeting in person or by proxy. The Arrangement Resolution was approved by 72.8% of the votes cast by TransGlobe Shareholders

Friday 17:01 Echo Energy PLC (ECHO)
Notice of General Meeting
https://www.investegate.co.uk/echo-ener ... 01442391C/
today published notice convening a General Meeting of the Company ("GM") to be held at 2:00 p.m. on 24 October 2022 at the offices of Fieldfisher LLP, 2 Swan Lane, London EC4R 3TT. At the GM resolutions seeking, inter alia, the granting of share issuance authorities in respect of the proposed restructuring of the Company's EUR 5.0m 8.0% secured convertible debt facility and accrued interest and, subject to noteholder approval, the restructuring of the EUR 20m 8.0% secured loan notes and accrued interest announced on 12 August 2022 and 5 September 2022 respectively will be put to shareholders.

Friday 16:54 Angus Energy PLC (ANGS)
Director's Dealing
https://www.investegate.co.uk/angus-ene ... 54312378C/
Paul Forrest, Non-Executive Director, on 30 September 2022 sold 6,500,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 2.2 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 538,750,000 Ordinary Shares representing 19.49 per cent. of the Company's issued share capital.

Friday 15:39 Afentra PLC (AET)
DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 39492278C/
it was notified on 7 October 2022 that [CFO] Anastasia Deulina has purchased a total of 93,931 ordinary shares of £0.10 each in the Company ("Ordinary Shares"), comprising 72,016 Ordinary Shares at a price of 27.77 pence per share and 21,915 Ordinary Shares at a price of 27.3775 pence per share.

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Re: Hal's oily roundup

#536548

Postby Hallucigenia » October 11th, 2022, 4:22 pm

Couple of trading updates - Gran Tierra bouncing along nicely, paying off some debt and production creeping up. Enwell doing OK, Echo overplay the significance of increasing liquid production by 4bopd!!!! DG making upbeat noises, making progress with their electric drive.
Touchstone achieve commercial sales from Coho, first new onshore gas in Trinidad this century, with room to grow. Falcon do a deal not to pre-empt ASX-listed Tamboran who are acquiring Origin's interests in the Beetaloo, currently subject to a Senate investigation that's queried their approach to anti-fraccing activists elsewhere in the Beetaloo. Jadestone win a $17.2m insurance claim. Scirocco have a plan to pay off the infamous Prolific debt.

Brent=$94.46(October)               WTI=$89.39(October,Brent-5.07)      Nymex gas=$6.47(October)   
NBP =285.06p(October,Nymex+25.16) TTF=€156.200(November,Nymex+38.00) JKM=$34.260(November,Nymex+27.79)

Today 16:02 Canadian O'Seas Petr (COPL)
WOGCC Gas Flaring Hearing
https://www.investegate.co.uk/canadian- ... 02225373C/
The Wyoming Oil and Gas Conservation Commission ("WOGCC") Hearing on the Application (the "Hearing"), relating to Southwestern's application to temporarily flare additional gas volumes at its Barron Flats Shannon Unit ("BFSU"), is scheduled to take place today at 4pm BST.
Southwestern's submission to the Hearing has been uploaded to COPL's website and can be viewed via the following link: https://www.canoverseas.com/wp-content/ ... hibits.pdf .
The WOGCC Hearing can also be watched via the following link: https://www.youtube.com/watch?v=jteDolHnQbk .

Today 13:47 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 47515247C/
Looney Shares acquired through participation in the BP ShareMatch UK Plan

Today 12:37 Vaalco Energy Inc (EGY)
Publication of Prospectus
https://www.investegate.co.uk/vaalco-en ... 37405206C/
its prospectus (the "Prospectus") has been approved by the Financial Conduct Authority (the "FCA") and published by the Company today, Tuesday, 11 October 2022, on its website at http://www.vaalco.com . The Prospectus relates to the re-admission of shares of VAALCO's common stock, par value $0.10 per share, and admission of the consideration shares of common stock, par value $0.10 per share (collectively the "Shares") to the standard segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange (together, the "Admission"), in connection with the previously announced combination with TransGlobe Energy Corporation (AIM & TSX: "TGL" & NASDAQ: "TGA") ("TransGlobe") (the "Transaction").
It is expected that Admission will become effective and that dealings in the Company's Shares on the main market under the ticker "EGY" will commence at 8.00 a.m. BST on 14 October 2022. Further details of the expected timetable of principal events are set out below.

Today 12:00 Tullow Oil PLC (TLW)
Statement re Delisting from Euronext Dublin
https://www.investegate.co.uk/tullow-oi ... 00005061C/
the listing of Tullow's ordinary shares of 10p each on Euronext Dublin has been cancelled with effect from 6.00pm yesterday, Monday 10 October 2022.

Today 11:00 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Operational and Financial Updates
https://www.investegate.co.uk/gran-tier ... 0000H2299/
Achieved Third Quarter 2022 Average Production of Approximately 30,391 BOPD, Up 5% from One Year Ago
Fourth Quarter-To-Date 2022 Total Company Average Production (1) of Approximately 32,000 BOPD
Bought Back 10.8 Million Gran Tierra Shares of Common Stock for $14.4 Million during September 2022
Bought Back 6.7% of Gran Tierra’s 6.25% Senior Notes Due February 2025 for $17.3 Million in September 2022
As of September 30, 2022, Gran Tierra Had a Cash Balance of $118 Million and Net Debt (2) of $462 Million
Colombia Exploration: Production Testing Gaitas-1 Well, Planning a Gaitas-2 Well, Drilled and Cased Rose-1 Well
Ecuador Exploration: Drilled and Cased Bocachico-1 Exploration Well with Production Testing Underway and Currently Drilling Charapa Norte-1 Well
...the Company bought back approximately $20.1 million in face value of Gran Tierra’s 6.25% senior notes due February 2025 (the “2025 bonds”), representing approximately 6.7% of the outstanding 2025 bonds. The cost of the 2025 bonds’ buyback was approximately $17.3 million, representing a discount of about 14% to the face value of the 2025 bonds.

Today 10:57 Diversified Energy PLC (DEC)
Original-Research: Diversified Energy PLC (von First Berlin Equity Research GmbH): Kaufen
https://www.investegate.co.uk/diversifi ... 5733EAPJD/
we expect DEC to report hedged EBITDA margins of close to 50% in both 2022 and 2023. Including swaps, collars and sold calls, 86% of our 2023 output forecast is hedged. For 2024 this figure was 73% as of the end of July but is rising as management takes advantage of favourable market conditions to layer on additional hedges. The 2023 NYMEX gas futures strip has fallen over the past month on concerns that slowing economic growth will bite into domestic US natural gas demand next year. However, we calculate that a further 10% decline in 2023 commodity strips would lower next year's hedged adjusted EBITDA margin by only 1.9 percentage points. For good measure, recent sterling weakness has not only pushed the dividend yield to 11.8% but has prompted management to mount a buyback of up to 10% of the share capital. We maintain our Buy recommendation and have raised the price target from GBp160 to GBp180
http://www.more-ir.de/d/25569.pdf

Today 10:54 DG Innovate PLC (DGI)
Notice of AGM
https://www.investegate.co.uk/dg-innova ... 54434958C/
the Company's Annual General Meeting ("AGM") will be held on 8 November 2022 at 11.00 a.m. at the offices of Fasken Martineau LLP, 100 Liverpool Street, London, EC2M 2AT.

Today 09:14 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on November 17 (18) , 2022
https://www.investegate.co.uk/s.n.g.n.- ... 14194742C/
Convening of the Ordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. on November 17 (18), 2022, 1:00 PM (Romania time)

Today 08:29 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 29234710C/
On 07-Oct-2022, Bank of America Corporation increased from 17.456% to 17.627%.

Today 07:30 Block Energy PLC (BLOE)
Holding(s) in Company
https://www.investegate.co.uk/block-ene ... 30044627C/
On 07/10/2022, Edale Europe Absolute Master Fund (Grand Cayman) holding via Edale Capital LLP increased from 0% to 3.26%.

Today 07:00 Enwell Energy PLC (ENW)
Quarterly Operations Update
https://www.investegate.co.uk/enwell-en ... 00104007C/
Production operations are continuing at the MEX-GOL and SV fields, and, currently, the production rate is approximately 2,700 boepd. Some other field operations have resumed, including workover operations on the SV-2 well and maintenance of field infrastructure, but all o ther works have been deferred or suspended....
the methodology (linked to European prices) used to determine the reference gas price for the new subsoil tax rates has had a significantly detrimental effect for domestic gas producers. In order to address this issue, the Ukrainian Parliament has recently enacted new legislation which modifies such methodology to ensure that it operates as originally intended (with such reference price being aligned with domestic prices). This modification has an effective date of 1 August 2022. In addition, the excise tax on LPG sales was suspended between 24 February 2022 and 30 September 2022, but has now been reinstated, while the VAT rate applicable to condensate and LPG sales was reduced to 7% (from 20%) with effect from 18 March 2022.

Today 07:00 Echo Energy PLC (ECHO)
Q3 2022 Production and Operational Update
https://www.investegate.co.uk/echo-ener ... 00144069C/
As previously announced, the Company has made significant progress during the quarter on the Production and Infrastructure Enhancement Plan priorities. The first operational priority under the Plan has been successfully achieved with all three power generation units fully operational. Work on the second operational milestone has commenced with maintenance and optimisation of the existing compressors. The third operational priority, upgrading the Eagle workover rig which will be used for the well opening campaign, also began during the quarter.
Net liquids production in Q3 2022 averaged 276 bopd, (Q2 2022: 272 bopd) and represents the eighth consecutive quarter of liquid production growth. Net gas production averaged 6.9 MMscf/d during Q3 2022, up on Q2 2022 (6.8 MMscf/d). Q3 2022 production was directly impacted as a result of the Oceano field production being brought temporarily offline due to additional infrastructure upgrades focused on increasing the amount of available sales gas, including the reconfiguration of the compressor to utilise electricity from the newly installed generator rather than gas.

Today 07:00 DG Innovate PLC (DGI)
Strategic Update & Investor Webinar
https://www.investegate.co.uk/dg-innova ... 00093905C/
DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy...
· Successful development of the advanced prototype Pareta® concluded and as planned the focus is now on testing to develop a final design prototype
· Clear staged roadmap set out for the Company to enter Pareta ® pilot production in 2024 and full scale commercial sales targeted for Q1 2025

Today 07:00 Touchstone Explrtn. (TXP)
FIRST NATURAL GAS PRODUCTION FROM COHO
https://www.investegate.co.uk/touchston ... 00164624C/
the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has an 80 percent operating working interest and Heritage Petroleum Company Limited holds the remaining 20 percent working interest....On September 27, 2022, we commenced commissioning and achieved commercial deliveries on October 10, 2022, with a field estimated sustained gross production rate of approximately 10.5 million cubic feet per day (approximately 8.4 million cubic feet per day net)....The Coho facility is capable of 24 million cubic feet of gross natural gas per day, giving us the ability to potentially add incremental production volumes through a combination of additional drilling and well optimization.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Binding Letter of Intent Executed with New Joint Venture Partner
https://www.investegate.co.uk/falcon-oi ... 0000H0186/
has entered into a binding Letter of Intent (“LOI”) with Tamboran (B1) Pty Limited (“Tamboran”), a joint venture between Sheffield Holdings LP and Tamboran Resources Limited...
Falcon Australia to earn an additional carry on future well costs of up to AU$30m (AU$6.75m net to Falcon Australia);
the introduction of limited proration units on sole risk operations to a maximum of 6,400 acres per well, providing Falcon Australia with participation optionality on the drilling of future wells;
the sharing of well data on any sole risked wells, providing Falcon Australia with visibility on crucial data and analysis even where it elects not to participate; and
pre-emptive rights in relation to Origin’s divestment of its 77.5% interest in the Beetaloo Sub-basin announced on 19 September 2022 are not to be exercised by Falcon Australia and all pre-emptive and similar rights are to be removed from the JOA, providing Falcon Australia with greater flexibility for realisation of licence interests.

Today 07:00 Jadestone Energy PLC (JSE)
Insurance Claim Settlement
https://www.investegate.co.uk/jadestone ... 00164619C/
he Company has entered into an agreement with its panel of insurers. The agreement provides that Jadestone will receive US$17.2 million of cash proceeds from the settlement of an insurance claim in respect of a well workover which took place in 2021. It is expected that the funds will be received during Q4 2022.

Today 07:00 Scirocco Energy PLC (SCIR)
Amendment and repayment of Prolific facility
https://www.investegate.co.uk/scirocco- ... 00164115C/
is pleased to announce an amendment to, and repayment schedule for, the investment facility (the "Facility") with Prolific Basins LLC...Scirocco has agreed to pay, in the coming days, $200,000 to part settle the outstanding balance of the Prolific Facility, with the remaining balance of $245,000 to be paid in five equal monthly instalments of $49,000 each over the months of November 2022 to March 2023 inclusive. Provided that the Company complies with this repayment schedule, Prolific has also agreed not to request share issuances under the Facility.

Today 07:00 Great Eastern Energy (GEEC)
Notice of Interim Results
https://www.investegate.co.uk/great-eas ... 00173688C/
will announce its interim results for the six months ended 30 September 2022 on Monday, 7 November 2022.

Today 07:00 Prospex Energy PLC (PXEN)
Exercise of Options, CLNs and TVR
https://www.investegate.co.uk/prospex-e ... 00134057C/
it has received a notice to convert £21,250 of a convertible loan note in exchange for the issue of 500,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") and a notice for the exercise of share options previously issued to subscribe for 696,171 new Ordinary Shares.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00103999C/
the Company has purchased 290,000 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 130.19 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00164120C/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00154099C/
on 10 October 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting, a total of 175,000 of its ordinary shares of nil par value at an average price paid per share of 9.66 pence per share.

Hallucigenia
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Re: Hal's oily roundup

#536754

Postby Hallucigenia » October 12th, 2022, 12:44 pm

Minor news today. COPL get flaring approval for Barron Flats Shannon. Coro tick a box for their 100MW wind project in the Philippines. Angus reach target throughput at Saltfleetby but sidetrack delayed a few days (strike-related?). i3 directors take advantage of the post-Serenity drop to buy. Looks like the San Leon deal is working its way through the process, with Toscafund declaring a 74% interest. Kistos capital reduction and Vaalco/TransGlobe deal tick further legal boxes. Even Novatek are getting on the wind-powered oil extraction bandwagon whilst presenting a solid trading update.

Brent=$94.80(October)               WTI=$89.71(October,Brent-5.09)      Nymex gas=$6.58(October)   
NBP =288.77p(October,Nymex+25.34) TTF=€159.520(November,Nymex+38.81) JKM=$34.785(November,Nymex+28.20)

Today 11:30 PAO Novatek (NVTK)
NVTK Reports Preliminary Data for the 3Q22
https://www.investegate.co.uk/pao-novat ... 30016584C/
In the third quarter 2022, NOVATEK's hydrocarbon production totaled 155.6 million barrels of oil equivalent (boe), including 19.94 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 6.1 million boe, or by 4.0% as compared with the third quarter 2021.
In the third quarter 2022, preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 16.19 bcm, representing a decrease of 2.3% as compared with the corresponding volumes in the third quarter 2021. The natural gas volumes sold in the Russian Federation were 14.26 bcm, representing a decrease of 4.1% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 1.93 bcm, representing an increase of 12.9%.

Today 11:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00306556C/
https://uk.finance.yahoo.com/quote/EDR.L/chart
Down 14.7%

Today 10:33 PAO Novatek (NVTK)
NOVATEK and Rosatom Sign MOU on Decarbonization
https://www.investegate.co.uk/pao-novat ... 33006423C/
Chairman of the Management Board of NOVATEK, and Alexey Likhachev, Director General of Rosatom, signed a Memorandum of Understanding (MOU) on cooperation in decarbonization.
The MOU envisages that NOVATEK Group entities, in particular, the Ust-Luga Gas Condensate Fractionation and Transshipment Complex, will purchase electricity generated at Rosatom's wind farms.

Today 09:00 OMV Petrom S.A. (PETB)
EUR 130 mn investment for new aromatics unit
https://www.investegate.co.uk/omv-petro ... 00016287C/
invests approximately EUR 130 million in the next 3 years to build a new unit of aromatic products at Petrobrazi refinery. The unit will function at modern BAT (Best Available Technology) operating standards with low environmental impact. The processing capacity of the new unit is about 1,500 tons/day of reformed gasoline.....The process of replacing the existing aromatic products unit will be carried out between 2023 and 2025. The aromatic products currently functioning at Petrobrazi Refinery was put into production in 1961. This is the only facility within a Romanian refinery that can ensure gasoline at European standards.

Today 08:47 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 47436266C/
On 07-Oct-2022, The Goldman Sachs Group, Inc. increased from 13.554% to 13.601%.

Today 07:00 Canadian O'Seas Petr (COPL)
COPL Receives Gas Flaring Approval
https://www.investegate.co.uk/canadian- ... 00055586C/
the Wyoming Oil and Gas Conservation Commission ("WOGCC") at a Hearing (the "Hearing") held in Casper Wyoming on October 11, 2022 granted the application by Company's affiliate Southwestern Production to temporarily flare additional gas volumes at its operated 85% WI Barron Flats Shannon Unit...submission to the Hearing has been uploaded to COPL's website and can be viewed via the following link: https://www.canoverseas.com/wp-content/ ... hibits.pdf

Today 07:00 Angus Energy PLC (ANGS)
Revised Spud Date and Process Capacity Milestone
https://www.investegate.co.uk/angus-ene ... 00055575C/
following a scheduled maintenance shutdown last week, hourly throughput rates through the process plant (i.e. sales gas) now exceeds our October target production rate of 6 million standard cubic feet per day with well pressures holding in the high forties. Condensate production has stabilised at or around 120 barrels per day. As previously advised, we will report monthly gas sales figures at the end of each quarter.
Side-track planning progresses apace with a slight adjustment to spud date from 20 October 2022, as previously advised, to 24-26 October 2022 in order to accommodate a potential supply chain issue.

Today 07:00 Coro Energy PLC (CORO)
Wind Project - Endorsement by Department of Energy
https://www.investegate.co.uk/coro-ener ... 00055568C/
announces the endorsement by the Philippines Department of Energy of Coro's Area of Interest ("AOI") for its first 100MW wind project.

Today 07:00 Vaalco Energy Inc (EGY)
COURT APPROVAL OF BUSINESS COMBINATION
https://www.investegate.co.uk/vaalco-en ... 00066151C/
the Court of King's Bench of Alberta has made an order approving the business combination with TransGlobe Energy Corporation (AIM & TSX: "TGL" & NASDAQ: "TGA") ("TransGlobe") (the "Transaction").
It is expected that readmission of shares of VAALCO's existing common stock and admission of the consideration shares of common stock to the standard segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange will become effective at 8.00 a.m. BST on 14 October 2022.

Today 07:00 TransGlobe Energy (TGL)
TransGlobe Announces Court Approval
https://www.investegate.co.uk/transglob ... 00065737C/
today it received final approval from the Court of King's Bench of Alberta for the previously announced plan of arrangement (the "Arrangement") pursuant to Section 193 of the Business Corporations Act (Alberta), pursuant to which the holders ("TransGlobe Shareholders") of common shares of TransGlobe ("TransGlobe Common Shares") will receive, for each TransGlobe Common Share held, 0.6727 of a share of common stock, par value $0.10 per share, of VAALCO Energy,

Today 07:00 Kistos PLC (KIST)
Notice of Capital Reduction
https://www.investegate.co.uk/kistos-pl ... 00055591C/
The Court order approving the Capital Reduction, and a statement of capital approved by the Court, is expected to be filed with the Registrar of Companies no later than 22 October 2022.

Today 07:00 San Leon Energy PLC (SLE)
Holding in Company
https://www.investegate.co.uk/san-leon- ... 00065553C/
on 11 October 2022 that funds managed by Toscafund Asset Management LLP held 332,941,410 ordinary shares in the Company, representing 74.00% of the issued share capital of the Company.

Today 07:00 TomCo Energy PLC (TOM)
Partial Conversion of Convertible Loan Notes
https://www.investegate.co.uk/tomco-ene ... 00055587C/
the Company has received a conversion notice from a Convertible Loan subscriber to convert the remaining £175,000 principal amount of the first tranche of the Convertible Loan, together with £75,000 principal amount of the second tranche of the Convertible Loan and the associated interest on both principal amounts of £12,500 (5%), into new Ordinary Shares.

Today 07:00 Predator O&G Hldgs (PRD)
Admission of Shares
https://www.investegate.co.uk/predator- ... 00065418C/
further to the Company's announcement of 7 October 2022 that it had received an exercise notice from Sarah Cope, a former director, in respect of share options issued to her pursuant to the Company's unapproved share option scheme, 1,001,370 Ordinary Shares of no par value, ranking pari passu with the existing ordinary shares of the Company, were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") effective at 8.00 am today. [and list of current options held]

Today 07:00 i3 Energy PLC (I3E)
Director Dealings
https://www.investegate.co.uk/i3-energy ... 00065592C/
John Festival, Chairperson, purchased 1,000,000 ordinary shares of 0.01 pence each in the Company ('Ordinary Shares'), at a price of CAD 0.355 per share and that Majid Shafiq, CEO, purchased 206,607 Ordinary Shares at a price of 24.2 pence per share.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00015528C/
They bought back 11,966,451 shares at 452.489p = £54,146,840.74

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00035512C/
on 27 September 2022, the Company has purchased 345,420 ordinary shares of 1 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 129.57 pence per Share

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00065632C/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00065624C/
it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00055600C/
on 11 October 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting, a total of 50,000 of its ordinary shares of nil par value at an average price paid per share of 10.00 pence per share.

Yesterday 18:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0906H0348/
They bought back 3,554,134 shares

Yesterday 16:35 Europa Oil & Gas (EOG)
Price Monitoring Extension
https://www.investegate.co.uk/europa-oi ... 35485400C/
https://uk.finance.yahoo.com/quote/EOG.L/chart
On the day it's dropped -11.4%. Over the last 2 weeks it's dropped -49.8% having touched -50%.

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Re: Hal's oily roundup

#536869

Postby Hallucigenia » October 12th, 2022, 10:25 pm

Finshing off today, and also testing some code updates - the Shell buyback analysis had been broken since they started buying back on multiple exchanges in two currencies, but that's now fixed and adds them up in sterling. Also done the Stifel buybacks (DEC/JSE/PHAR) which almost manage to use the same format but not quite, grrr, the Gran Tierra buybacks, and fixed a longstanding niggle with the header formatting that I'd always had to fix manually. So only minor changes on the front end, but it speeds things up a bit for me behind the scenes.

Brent=$92.25(October)              WTI=$87.03(October,Brent-5.22)        Nymex gas=$6.44(October)
NBP =292p(October,Nymex+25.98) TTF=€160.190(November,Nymex+39.12) JKM=$34.705(November,Nymex+28.26)

Today 17:52 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5257H0573/
They bought back 2,200,000 shares at £22.736 = £50,018,540 and 1,103,388 shares at €25.892 = £24,973,027 for a total of £74,991,567

Today 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39167079C/
They bought back 11,960,588 shares at 451.957p = £54,056,671

Today 16:36 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 36266980C/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's dropped -12.5% having touched -14%. Over the last 2 weeks it's been in the usual range.

Today 15:00 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 00016882C/
it had in issue 1,438,915,732 ordinary shares of GBP 0.10 each with voting rights. No ordinary shares were held in treasury. Therefore, the total number of shares with voting rights in the Company at the above date was 1,438,915,732.

Today 13:57 Igas Energy PLC (IGAS)
Grant of Awards
https://www.investegate.co.uk/igas-ener ... 57156837C/
In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of £30,000 will be paid to recipients in a combination of both cash and restricted stock.
[fine words, rather diluted by giving the interim chairman 250k options at 0.002p, so he can buy £119k-worth of shares for £5, admittedly the rest are priced off the September spike since which they've nearly halved. Also 127k nil-cost for the CFO.]

Today 13:54 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 54046808C/
They bought back 473,758 shares at C$1.70 = £524,202

Hallucigenia
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Re: Hal's oily roundup

#537000

Postby Hallucigenia » October 13th, 2022, 2:01 pm

Scirocco beat off the Ruvuma rebels, despite a well-timed RNS showing the 2-year payback of their renewable investment last year, 69:31 was probably closer than they would have liked.
I'm a bit obssessed with Enquest debt, they've been paying it off at $57m/month in H1 which would have cleared it in just over a year, but in the current envronment it's probably no bad thing to refinance the 7% debt due next October - they've turned half of it into a new RBL (having just about paid off the old one) and are paying 11⅝% nominal at an issue price of 98.611% for the new 2027 notes, having refinanced the retail element at 9% in April.
Solid update from PetroTal - short-term problems with drought affecting barge deliveries but looking to clear debt within 6 months and begin returns to shareholders. Also solid from Block, seems the market was expecting more news from JSR-01 currently under testing. Arrow going very nicely, plan to double production by Christmas, might be one to look at although single-country Colombia.
[woo, the new code works, albeit it needed a bit of tweaking when faced with real-world data]

Brent=$92.62(October)              WTI=$87.47(October,Brent-5.15)        Nymex gas=$6.46(October)
NBP =285p(October,Nymex+25.65) TTF=€158.000(November,Nymex+38.64) JKM=$34.705(November,Nymex+28.24)

Today 12:24 Scirocco Energy PLC (SCIR)
Result of General Meeting
https://www.investegate.co.uk/scirocco- ... 24338287C/
All the Resolutions proposed by the Requisitioning Shareholders at the GM were voted down by the requisite majority, as summarised below: [all 31:69-ish, EGM called by shareholders opposed to selling Ruvuma]

Today 11:27 Echo Energy PLC (ECHO)
Result of Bondholder Meeting & Directorate Change
https://www.investegate.co.uk/echo-ener ... 27358206C/
at the meeting of the holders of the Company's Luxembourg listed EUR 20.0m 8.0% secured notes (the "Notes") held earlier today (the "Noteholder Meeting"), the proposals to restructure the Notes as announced on 5 September 2022 (the "Proposals") were duly passed by the requisite majority with voting instructions representing EUR 10.5m of the Notes lodged by holders of the Notes, with 66.67 per cent. of votes cast in favour.
The Proposals remain conditional upon the approval by the Company's shareholders at a General Meeting to be held at 2:00 p.m. on 24 October 2022 at the offices of Fieldfisher LLP, 2 Swan Lane, London, EC4R 3TT (the "GM") and should approval be given, €15.0 million of existing debt principal, together with accrued interest thereon, will be converted into new ordinary shares in the Company ("Ordinary Shares") at a 76.4 per cent. premium to the closing mid-market price per Ordinary Share on 12 October 2022:
This is a very significant moment for Echo Energy. It marks the successful culmination of efforts over recent years to restructure the balance sheet and overcome the financial constraints that have been holding the company back.

Today 10:44 TotalEnergies SE (TTE)
Duty of Vigilance: TotalEnergies Regrets NGOs' Refusal of the Mediation Process Proposed by the Paris Civil Court
https://www.investegate.co.uk/totalener ... 4400Z4223/
regrets that the NGOs involved in the proceedings have refused to participate in the mediation process proposed by the court and accepted by TotalEnergies....In October 2019, some NGOs brought proceedings against TotalEnergies SE in the Nanterre Civil court based on France's "duty of vigilance" law, claiming that the Company had insufficiently identified and managed the social and environmental impacts of the Tilenga and EACOP projects in Uganda and Tanzania.

Today 08:23 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 23037862C/
On 10-Oct-2022, The Goldman Sachs Group, Inc. reduced from 13.601% to 13.301%.

Today 07:00 PetroTal Corp. (PTAL)
Q3 2022 Operations and Liquidity Update
https://www.investegate.co.uk/petrotal- ... 00047708C/
PetroTal's Q3 oil production was approximately 1.12 million barrels, representing 12,229 barrels of oil per day ("bopd"), which was the Company's second best producing quarter to date. The current technical production capacity of the Bretana oilfield is approximately 18,000 bopd, prior to the upcoming completion of well 13H....this year the river water levels were unusually low, so PetroTal took the precaution of loading barges to a reduced capacity to ensure their safe operation while traveling. As a result, production was constrained during this period to match reduced export capacity...
On October 4, 2022, well 13H reached its total depth and is now being completed. At an unconstrained level, the Company expects to again have production capacity of over 20,000 bopd that can be quickly activated once river levels normalize...
As at September 30, 2022 the Company had approximately $93 million in total cash with $18 million being restricted. At the end of Q3 2022, accounts payable were approximately $50.6 million, and estimated accounts receivable were $123.7 million...
The Company now expects the full bond settlement [~$80m] to be made by the end of Q1 2023, at which time, there will be a reduction of the call premium, saving approximately $2.6 million in buyout costs. Thereafter, as previously indicated and liquidity permitting, the Company expects to begin a capital return program to shareholders.

Today 07:00 Block Energy PLC (BLOE)
3rd Quarter Update
https://www.investegate.co.uk/block-ene ... 00037149C/
The scope of the report was deliberately focused on the Krtsanisi Anticline only, with the specific aim of supporting discussions around non-dilutive financing and is not comparable to previous reserve reports. Discussions with a number of parties are ongoing, with strong interest in the region being shown, albeit the Company is well placed to self-fund operations as desired.
Preparations for the deepening of well JSR-01 in the Patardzeuli oilfield were successfully concluded...Testing operations are currently underway, and the Company looks forward to providing a further update to the market once complete. The deepening of the JSR-01 well is designed to evaluate an undrained area of the Middle Eocene reservoir...
Block has now completed the minimum work programmes across its entire licence portfolio, yet another significant milestone....
During Q3 2022, the Company sold 17.9 Mbbls of oil (Q2: 21.2 Mbbls) for $1,614,000 (Q2: $1,992,000), with a weighted average price of approximately $92 per barrel (Q2: $94 per barrel), a 2.1% decrease in the realised price in Q3 compared with Q2....
As at 30 September 2022, the Company had $1.1million cash at bank (30 June 2021: $1.4 million).
[down 13% but that was just reversing the spike earlier this week]

Today 07:00 Arrow Exploration (AXL)
Operations Update and Exercise of Warrants
https://www.investegate.co.uk/arrow-exp ... 00047204C/
Rigs and equipment are currently moving into place for the Q4 tie in, workover and drilling program....
East Pepper Tie-in work began on September 28 o Production expected to begin by the end of October o Expected IP rate of 1,000 boe/d
Workover rig expected is to arrive at the Rio Cravo field by the end of this week...Management expects the two workovers to add in excess of 500boe/d.
o RCE-3 expected to spud in December. Expect drilling and completion to take circa one month with first production anticipated in early 2023
o RCE-4 will follow immediately after completion of RCE-3
o Drilling at Carrizales-1 and -2 is anticipated to begin in Q1 2023
Corporate production as of October 11, 2022, is approximately 1,500 boe/d....
130 square kilometer 3D seismic survey on the northwest section of the Tapir block in Colombia... in Q1 2023.

Today 07:00 EnQuest PLC (ENQ)
Pricing of new bond issue
https://www.investegate.co.uk/enquest-p ... 00027163C/
it has agreed a successful refinancing of its existing $792.3 million senior notes due 2023...
· Priced the offering of new $305.0 million 11⅝% senior notes due 2027 (the "New Notes") due for settlement on 25 October 2022, at an issue price of 98.611%...
· Agreed an amended and restated reserve-based lending ("RBL") facility at $500.0 million with a $300.0 million accordion and a final maturity in April 2027, upon settlement of the New Notes.
EnQuest will repay all of its existing $792.3 million senior notes due 2023, funded by (i) the proceeds of the New Notes, (ii) $400.0 million of drawings under the RBL facility and (iii) cash on hand.
[2023 notes were at 7%, refinanced retail element at 9% in April, had been paying off debt at $57m/month in H1]

Today 07:00 Scirocco Energy PLC (SCIR)
EAG Investment Update
https://www.investegate.co.uk/scirocco- ... 00027164C/
On 25 August 2021, Scirocco announced the completion of its £1.2 million investment into EAG, a specialist acquisition and operating vehicle in the sustainable energy sector, and in which Scirocco holds 50% interest. EAG subsequently used the funds to acquire 100% of Greenan Generation Limited (GGL) and its 0.5MWe Anaerobic Digestion (AD) plant in Northern Ireland, completing that deal on 1 October 2021.
In the 12 months since completing that investment, GGL has performed strongly, surpassing revenue and EBITDA projections set at the point of acquisition....· EBITDA estimate for 12 months to 30 September 2022 of £602,000 (unaudited)...This now presents Scirocco and its stakeholders a superb opportunity to invest in a growing, profitable asset base which in due course will deliver further cash flow for re-investment.
[context is shareholders calling an EGM today to complain about selling Ruvuma to get into AD]

Today 07:00 Vaalco Energy Inc (EGY)
APPLICATION FOR ADMISSION
https://www.investegate.co.uk/vaalco-en ... 00047167C/
an application has been made to the Financial Conduct Authority and to the London Stock Exchange for readmission of shares of VAALCO's existing common stock and admission of the consideration shares of common stock to the standard segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange (together, "Admission")...at 8.00am BST on 14 October 2022.
Following Admission, VAALCO will have total issued share capital of 120,190,799 common shares, of which 11,057,521 common shares will be held in treasury and 758,440 common shares will be unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following Admission will be 109,133,278.

Today 07:00 Harbour Energy PLC (HBR)
Directorate Change
https://www.investegate.co.uk/harbour-e ... 00047191C/
Having served almost nine years on the Board of Harbour and before that Premier Oil plc, and now nearing the end of her nine-year tenure, [non exec] Anne Marie Cannon will be stepping down from the Board on 31 October 2022 to focus on her other professional commitments.
[ex Morgan Stanley, Hardy Oil and Gas and British-Borneo, current deputy chair of Aker BP, just turned 65]

Today 07:00 GETECH Group plc (GTC)
Senior appointment in geothermal
https://www.investegate.co.uk/getech-gr ... 00057186C/
is continuing to grow its decarbonisation capabilities with the appointment of Laurent Le Mée into the new role of Director of Business Development for Geothermal. Based in Paris, with decades of international subsurface experience, Mr Le Mée will support Getech's ambition to establish over 500MW of new geoenergy and green hydrogen assets by 2030

Today 07:00 DG Innovate PLC (DGI)
Grant of options & LTIP update
https://www.investegate.co.uk/dg-innova ... 00047176C/
On 12 October 2022, the board also approved an amendment to the LTIP, increasing the total number of options over shares that may be granted to employees, from 10% to 15% of the issued share capital. The Options granted to Peter Tierney on 12 October 2022 represent approximately 7.81% of the Company

Today 07:00 Prospex Energy PLC (PXEN)
Conversion of Warrants Generates £24,000
https://www.investegate.co.uk/prospex-e ... 00016859C/
it has received a notice for the exercise of warrants to subscribe for 800,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued pursuant to a warrant agreement dated 23 February 2022 which related to a placing announced by the Company in March 2021. The exercise price is 3 pence per warrant exercised, therefore generating proceeds of £24,000 for the Company.

Today 07:00 Kistos PLC (KIST)
Change of Registered Address
https://www.investegate.co.uk/kistos-pl ... 00027139C/
the Company's registered address has changed with immediate effect to 2nd Floor, 3 St James's Square, London, United Kingdom SW1Y 4JU.
[very nice!!]

Today 07:00 Serinus Energy PLC (SENX)
Holding(s) in Company
https://www.investegate.co.uk/serinus-e ... 00057236C/
On 11-Oct-2022, Spreadex LTD increased from 0% to 3.002%.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00027095C/
They bought back 662,473 shares at 128.66p = £852,338

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00047184C/
They bought back 15,000 shares at 71.5p = £10,725

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00047190C/
They bought back 85,223 shares at 23.7342p = £20,227

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Re: Hal's oily roundup

#537287

Postby Hallucigenia » October 14th, 2022, 1:26 pm

Quiet day - we finally lose TransGlobe to the VAALCO merger, who promise 4.7% dividend among other goodies. Coro still making pots of money in Italy, despite some production issues, they also give away 10% of the company to bondholders in lieu of payment. TomCo put back the Valkor loan again, but with a 2-week deadline they must be close to their financing - not easy in current circumstances. Total Q3 indicators suggest refining is still pretty crazy, if not as mad as Q2, they highlight LNG (which I think is going to have a very good winter). Opponents of UKOG's Loxley development lose an appeal in the High Court.

Brent=$93.01(October)              WTI=$87.5(October,Brent-5.51)         Nymex gas=$6.67(October)
NBP =270.27p(October,Nymex+23.59) TTF=€146.600(November,Nymex+35.11) JKM=$34.835(November,Nymex+28.16)

Today 08:23 Vaalco Energy Inc (EGY)
CLOSING OF COMBINATION WITH TRANSGLOBE ENERGY
https://www.investegate.co.uk/vaalco-en ... 23319304C/
As previously disclosed, the combined Company will now trade on the NYSE and LSE under the ticker symbol EGY....
o Targeted annualized dividend of US$0.25 per share [~4.8%], or approximately US$27.3 million(1), for calendar 2023, nearly double VAALCO's targeted annualized dividend of US$0.13 per share prior to the combination;
o Planned share buyback program of up to US$30 million, the equivalent of US$0.27 per share(1), to be implemented following yesterday's closing;

Today 08:08 TotalEnergies SE (TTE)
TotalEnergies: Third Quarter 2022: Main Indicators
https://www.investegate.co.uk/totalener ... 0800Z4803/
The main indicators and key elements affecting TotalEnergies’ (Paris:TTE) (LSE:TTE) (NYSE:TTE) third quarter 2022 results are shown below...
LNG assets performance is expected to increase strongly as a result of higher average LNG price, up 50%.
Performance of the gas, LNG and power trading activities is expected to remain high, our integrated portfolio enabling to capture opportunities in a volatile and dislocated environment.
Upstream production is expected to be 70 kboe/d lower than in Q2, mainly due to unplanned outages in Kashagan.
Refining & Chemicals results are expected to remain high thanks to strong distillate margins, albeit lower than the previous quarter due to the decrease in gasoline margins in Europe and in the US.

Today 08:00 Stock Exch Notice ()
Readmission - VAALCO Energy, Inc.
https://www.investegate.co.uk/stock-exc ... 00018076C/
Following a Reverse Takeover the following securities have been cancelled from admission to trading on London Stock Exchange with effect from the time and date of this notice.
(US91851C2017) VAALCO ENERGY I/SH

Today 07:09 UK Oil & Gas PLC (UKOG)
High Court upholds Loxley planning consent
https://www.investegate.co.uk/uk-oil--- ... 09379215C/
the High Court has rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the Secretary of State's decision to grant planning permission for Loxley, the conventional gas and hydrogen feedstock project in Surrey. Loxley planning consent therefore remains in full force and the Company's plans to implement the project remain unchanged.
Mrs Justice Lang considered both challenges as " unarguable" and ordered Waverley and Protect Dunsfold to pay costs of £8,835 and £3,000 respectively....
It is the Company's and its legal counsel's view that, whilst further challenges by either claimant are to be expected, the emphatic rulings of both the SoS and Justice Lang make the likelihood of their success highly doubtful.

Today 07:00 AIM ()
Cancellation - TransGlobe Energy Corporation
https://www.investegate.co.uk/aim/rns/c ... 00038507C/
At the request of the Company the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
(CA8936621066) TRANSGLOBE ERGY/SH

Today 07:00 Coro Energy PLC (CORO)
Italian Portfolio: Q3 2022 Production Update
https://www.investegate.co.uk/coro-ener ... 00038583C/
the Company is now looking to re-establish production at Bezzecca, at an expected rate of 15,000 scm/day, during November 2022.
Production in the third quarter of 2022 reflects temporarily reduced levels from Sillaro since 11 September 2022 following the identification of sand clogging in a downhole valve. A coil tubing operation is currently under preparation, which is expected to resolve the issue.[but revenues still up, shares up 5%]

Today 07:00 TomCo Energy PLC (TOM)
Partial Repayment & Extension of Valkor Loan
https://www.investegate.co.uk/tomco-ene ... 00048699C/
announces a repayment of US$250,000 and further extension to the repayment date for the remaining US$1,000,000 outstanding principal amount of the unsecured loan from Valkor Oil & Gas LLC...
On 31 May 2022, 28 June 2022, 1 August 2022 and 1 September 2022, the Company announced that the terms of the Valkor Loan had been varied in order to extend the repayment date, with the last extension being to on or before 14 October 2022. The Company announces that the terms of the Valkor Loan have now been further varied to extend the repayment date for the remaining US$1,000,000 principal amount of the loan to on or before 31 October 2022.

Today 07:00 Southern Energy Corp (SOUC)
OTCQX TRADING AND "CATCH THE ENERGY" CONFERENCE
https://www.investegate.co.uk/southern- ... 00058725C/
its common shares of no par value in the capital of the Company ("Common Shares") are now trading on the OTCQX ® Best Market under the ticker symbol of SOUTF. Southern's Common Shares will continue to trade on the TSX Venture Exchange under the symbol SOU, and on the AIM market of the London Stock Exchange under the symbol SOUC. ...Southern graduated to OTCQX from the Pink® Open Market...
The Company is also pleased to announce that Calvin Yau, Southern's Chief Financial Officer, will be presenting at the Schachter "Catch The Energy" Conference at Mount Royal University in Calgary, Alberta on October 22, 2022.

Today 07:00 Block Energy PLC (BLOE)
Exercise of Options and Issue of Shares
https://www.investegate.co.uk/block-ene ... 00048700C/
the Company allotted 464,457 ordinary shares of 0.25p each to a former consultant, following the exercise on 13 October 2022 of nil cost options that had been granted in lieu of cash payment for part of the consultant's fees.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00038671C/
They bought back 1,000,000 shares at 129.91p = £1,299,100

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00058726C/
They bought back 25,000 shares at 70p = £17,500

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00048707C/
They bought back 192,066 shares at 23.418p = £44,978

Yesterday 18:04 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0443H0808/
They bought back 1,435,890 shares at £22.721 = £32,624,570 and 216,882 shares at €26.068 = £4,907,974 for a total of £37,532,543

Yesterday 17:52 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 52138618C/
They bought back 11,521,398 shares at 454.479p = £52,362,313

Yesterday 17:41 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 41298613C/
On 12-Oct-2022, Bank of America Corporation increased from 7.565% to 7.706% and adjusted their shares vs other formats.

Yesterday 17:18 Angus Energy PLC (ANGS)
Exercise of Warrants and TVR
https://www.investegate.co.uk/angus-ene ... 18438575C/
Angus Energy Plc announces that, following the receipt of an Exercise Notice by Aleph International Holdings (UK) Limited ("Aleph"), it has issued 127,400,127 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.0989 pence [4.6%]

Yesterday 13:31 Coro Energy PLC (CORO)
Issue of Equity and Total Voting Rights
https://www.investegate.co.uk/coro-ener ... 31518351C/
further to the successful restructuring of the Company's Luxembourg listed EUR 22.5m 10% secured notes (the "Notes") as announced on 11 April 2022, the holders of the Notes have elected by the requisite majority to receive interest payments on the Notes in relation to the quarter to 12 October 2022 in new ordinary shares of the Company (the "Election").
The new Ordinary shares to be issued pursuant to the Election will be issued to holders of the Notes at a price equal to the volume weighted average price the Company's ordinary shares for the 10 business days to, and including, 11 October 2022 being 0.2661 pence per new ordinary share.
A total of 215,940,722 new ordinary shares will therefore be issued [~10%]

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Re: Hal's oily roundup

#538045

Postby Hallucigenia » October 17th, 2022, 12:17 am

Just knocking off the rest of Friday, nothing interesting beyond the confirmation of the near-wipeout of Nostrum shareholders by the debt-to-equity conversion.

Friday 18:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0941H1031/
They bought back 2,781,608 shares at £22.752 = £63,286,741 and 500,000 shares at €26.137 = £11,327,838 for a total of £74,614,579

Friday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28450076D/
They bought back 11,112,527 shares at 460.403p = £51,162,361

Friday 17:23 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 23000073D/
On 13.10.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited reduced from 10.93% to 9.66%.

Friday 16:30 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 30009937C/
Transfer of ordinary shares from Karen Simon (Chair) into a nominee CREST account held on behalf of Karen Simon

Friday 16:30 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 30009969C/
Simon Henry , Senior Independent Director, has purchased 10,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 415.02 pence per Ordinary Share.

Friday 16:20 Eco (Atlantic) O&G (ECO)
Investor Breakfast Briefing
https://www.investegate.co.uk/eco--atla ... 20019958C/
The briefing will take place on Tuesday, 29 November 2022, at The Brewery 'Grubstreet Author', 52 Chiswell Street, London EC1Y 4SD. Breakfast served from 8.30am, with the presentation starting at 9.00am. Those wishing to attend are requested to register by emailing: ecoatlantic@celicourt.uk

Friday 16:01 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0158P7357/
CEO buys $117k

Friday 16:00 Hunting PLC (HTG)
Payment of 2022 Interim Dividend in Sterling
https://www.investegate.co.uk/hunting-p ... 00019902C/
on 25 August 2022, the Directors declared an interim dividend of 4.5 cents per share [=] 4.0308 pence per Ordinary share

Friday 13:45 Nostrum Oil & Gas (NOG)
Publication of Prospectus
https://www.investegate.co.uk/nostrum-o ... 45019863C/
in connection with the proposed restructuring of the Group's US$725 million 8.0% Senior Notes due July 2022 and the US$400 million 7.0% Senior Notes due February 2025 (the "Restructuring"), the Prospectus has today been approved by the FCA and published by the Company.
The Prospectus relates to the proposed admission of up to 1,505,633,046 new ordinary shares [were 185m]...published on the Company's website at www.nostrumoilandgas.com

Friday 13:30 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 30019852C/
"person closely associated with Andrey Akimov" doing a "repo" trade, I think that's to do with the ADS unwinding.

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Re: Hal's oily roundup

#538393

Postby Hallucigenia » October 17th, 2022, 11:38 pm

So attention is on BP buying 6kboepd of landfill gas for $4.1bn in the form of Archaea, down among the little guys the big excitement is Wildcat delivering on their Sudan deal for +60% on their shareprice, feels a bit like Ramco/ACG for those that remember that far back?
Reabold reject a malformed request for an EGM to replace the entire board with "new directors [who] have a track record of exceptional value destruction in quoted oil and gas and resource companies". Mysterious, that doesn't reduce the list by much!
Mosman deliver an OK trading update, and Cinnabar logs came in pretty much as expected so they're just going to hook it up without testing. Rosneft cancel their GDR listing in London. And ADM's CEO leaves after arranging a loan/subscription for shares from the mysterious Tennessee Black Gold LLC - any ideas?

Brent=$91.87(October)                WTI=$85.93(October,Brent-5.94)          Nymex gas=$5.99(October)
NBP =227.25p(October,Nymex+19.86) TTF=€127.978(November,Nymex+30.94) JKM=$30.920(December,Nymex+24.93)

Today 18:05 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0532H1408/
They bought back 1,500,000 shares at £22.713 = £34,070,100 and 140,000 shares at €26.366 = £3,195,097 for a total of £37,265,197

Today 17:16 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 16371641D/
They bought back 11,386,458 shares at 455.111p = £51,821,034

Today 16:36 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 36421597D/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's flat - weird PME.

Today 16:36 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 36231592D/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's up 20%.

Today 16:36 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 36101590D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's soared +63.6% with a spike to +82%. Over the last 2 weeks it's been in the usual range.

Today 16:31 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 31431583D/
On 14/10/22, Gavin Matthew White reduced from 8.36% to 7.30%.

Today 15:30 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 30031520D/
person closely associated with Andrey Akimov, member of the Board of Directors of PAO NOVATEK does more repo

Today 15:01 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 01271503D/
On 13-Oct-2022, Bank of America Corporation increased from 17.395% to 17.404%.

Today 15:00 ROSNEFT OIL COMPANY (ROSN)
Listing Cancellation
https://www.investegate.co.uk/rosneft-o ... 0004EHWDW/
Rosneft announces its intention to cancel the listing of Global Depositary Receipts on the London Stock Exchange
Rosneft Oil Company (MOEX and LSE: ROSN; Rosneft, the Company) has applied today to the Financial Conduct Authority (FCA) and the London Stock Exchange (LSE) for cancellation of the listing of global depositary receipts (GDRs) issued in accordance with Regulation S and Rule 144A and representing Rosneft's ordinary shares (ISIN: US67812M2070 and US67812M1080, respectively) on the Official List of the FCA, as well as the admission of GDRs to trading on the Main Market of the LSE.
The decision to cancel the listing of the GDRs followed the notification by the depository (J.P. Morgan Chase Bank, N.A.) on August 15, 2022 of the termination of the Deposit Agreement.
Rosneft expects (but in no way guarantees or undertakes to ensure) that the cancellation of listing will become effective on November 14, 2022 at 8:00 a.m.

Today 14:00 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 00421417D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's soared +63.6% with a spike to +82%. Over the last 2 weeks it's been in the usual range.

Today 13:56 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art108 Law 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 56201415D/
· S.N.G.N. ROMGAZ S.A. concluded two new transactions with the affiliated parties S.C. ENGIE ROMANIA S.A. and SC E.ON ENERGIE ROMÂNIA SA...Gas sale purchase (period September 1, 2022- March 31, 2023)

Today 13:35 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art108 Law 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 35201403D/
S.N.G.N. ROMGAZ S.A. reports the concluding of a new transaction with the affiliated party S.C. OMV PETROM S.A....Offloading, metering, treatment and delivery of Târgu Mureș Branch condensate/crude production for September- December 2022

Today 13:00 Reabold Resources (RBD)
Purported Requisition of General Meeting
https://www.investegate.co.uk/reabold-r ... 00041346D/
Reabold announces that it has received a letter from Pershing Nominees Limited ("Pershing"), which owns approximately 6.93% of the Company's issued share capital, purporting to requisition a general meeting under section 303 of the Companies Act 2006 ("Act") to consider resolutions to remove the entire Board of directors and to replace them with four new directors of their own choosing.
The Board of Reabold believes the motive of the requisitioning party is to opportunistically gain control of your company and its significant cash and assets, without paying a control premium. The Board notes that a number of the proposed new directors have a track record of exceptional value destruction in quoted oil and gas and resource companies.
Whilst the Company does not wish to deny any member the right to convene a general meeting under the Act, this has to be balanced against due and proper process and the prudent use of shareholder resources. Having taken legal advice, the Board has ascertained that the documentation as received contains several deficiencies and is therefore not a valid requisition notice under section 303 of the Act.

Today 12:23 BP PLC (BP.)
bp agrees to buy US biogas firm Archaea Energy
https://www.investegate.co.uk/bp-plc--b ... 23411322D/
- Operates 50 RNG and landfill gas-to-energy facilities across US, with development pipeline supporting potential for around five-fold increase in RNG volumes by 2030
- Doubles the EBITDA bp expects from biogas to around $2 billion by 2030; supports increase in bp's aim for EBITDA from transition growth businesses by 2030 from $9-10 billion to more than $10 billion
bp today announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas (RNG) in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3 billion in cash, as well as around $800 million of net debt(2). ...
Based in Houston, Texas, Archaea Energy is a leading RNG producer, operating 50 RNG and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. At closing its production would be expected to provide an immediate 50% increase to bp's biogas supply volumes.
Archaea has a development pipeline of more than 80 projects that underpin the potential for around five-fold growth in RNG production by 2030.

Today 11:12 Mosman Oil & Gas (MSMN)
Cinnabar Well Drilled and Moving to Production
https://www.investegate.co.uk/mosman-oi ... 12411125D/
the Cinnabar development well in Tyler County, Texas has completed drilling. The well was drilled to a depth of 9,900 feet. The mud-log confirmed multiple oil-bearing Wilcox sands from 9,050 feet to 9,850 feet. The Wilcox sands are the primary targets which notably have a long production history in nearby wells (mainly oil with some associated gas). The next steps are to run wireline logs followed by run and cement production casing, and then proceed to put the well on production. Flow tests are not required as the production capability is already demonstrated at the existing production wells in the lease area. Based on nearby well history, the anticipated production rate estimates remain at circa 120 boepd (gross)...Mosman owns a 75% working interest in the Cinnabar well and the Cinnabar lease.

Today 11:00 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 00191104D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's soared +63.6% with a spike to +82%. Over the last 2 weeks it's been in the usual range.

Today 09:00 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 00230967D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's soared +63.6% with a spike to +82%. Over the last 2 weeks it's been in the usual range.

Today 08:52 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 52310884D/
On 12-Oct-2022, Bank of America Corporation reduced from 17.627% to 17.395%.

Today 08:27 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 27130827D/
On 12-Oct-2022, The Goldman Sachs Group, Inc. increased from 13.301% to 13.735%.

Today 07:00 Wildcat Petroleum (WCAT)
MOU signed with Government of Sudan
https://www.investegate.co.uk/wildcat-p ... 00100719D/
it has signed an MOU to work in collaboration with the Sudanese Oil Ministry to advance the development and commercial exploitation of hydrocarbon assets in Sudan....The ultimate aim is to increase overall oil production by 100,000 barrels per day by the development of Blocks 1, 3, 4 & 5 (as shown below). All four Blocks are currently producing and together contain over 1 billion barrels of oil (reserves & resources)...Both the Sudanese Petroleum Corporation and Wildcat recognise that to achieve the objectives in the MOU will require significant investment in Sudan. Wildcat's management and strategic advisers are committed to providing and implementing innovative solutions, knowledge and technology transfer and introductions to sources of finance that will likely be required. Wildcat has for some time been in preliminary talks with potential funding partners which include hedge funds, a multi-national oil company (UK listed), oil funds and ultra high-net-worth individuals. ...Under this type of funding arrangement Wildcat does not itself expect to fund significant capital expenditure...."It is the Company's intention in 2023 to be up and running across multiple fields, across multiple blocks and funded via multiple third parties so that the company is producing a significant portion of the 100,000 bopd target."

Today 07:00 ADM Energy PLC (ADME)
Fundraising and Directorate Changes
https://www.investegate.co.uk/adm-energ ... 00100717D/
it has raised a total of approximately £725,000 through a subscription (the "Subscription") and a loan from Tennessee Black Gold LLC...Osa Okhomina will step down from the Board of Directors and his position as Chief Executive Officer upon receipt of the total Subscription amount expected to be by 28 October 2022....The Company has raised, conditional on Admission (defined below), £500,000 Net at a subscription price of 1.2 pence per share through the issue of 41,666,667 new ordinary shares ("Subscription Shares") to Tennessee Black Gold, which represents 14.0% per cent of the Company's enlarged issued share capital on Admission....
The Company entered into a definitive agreeement with The Subscriber to borrow, in aggregate US$250,000.00 advanced in five instalments of US$50,000.00 each, with the first installement due on 28 October 2022 and the last one on 28 February 2023. The Loan will mature on 28 October 2024 and on that date the full principal amount along with accrued and unpaid interest will be due in cash, paid as directed by the Subscriber. The interest rate will be 6.0% per annum...
The Company intends to use the proceeds primarily to reduce outstanding creditors and for general working capital purposes....The Company also confirms that the Subscription will not be used in the acquisition of any assets and no such agreements have been entered into in this regard....
Osa Okhomina is to step down from the Board of Directors and his position as Chief Executive Officer of ADM in order to pursue other interests and will leave the Company upon receipt of the Subscription proceeds.
[not much to say about TBG - founded 7 months ago in Nashville, apparently by one Bruce Daniel Jacobs]

Today 07:00 Mosman Oil & Gas (MSMN)
Q1 Production Update
https://www.investegate.co.uk/mosman-oi ... 00080159D/
Gross Production showed steady increases across the Company's projects save for the Falcon well which is currently shut-in pending a review. Net Production attributable to Mosman for Q1 was 6,958 boe (three months to 30 June 2022 of 8,815 boe). The results reflect continued strong production at Stanley and Winters. Notably, the loss of gas production at Falcon has been mitigated by higher value oil production increases at Stanley.
At Stanley, several recent workovers have increased both oil and gas production resulting in the recent five-day average gross production at Stanley and Winters combined achieving 193 bopd and 628 mcfd or circa 300 boepd in aggregate. That compares to 218 boepd (gross) in the June Quarter detailed below.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00080166D/
They bought back 500,000 shares at 129.04p = £645,200

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 00080163D/
on 14 October 2022 it purchased 375,000 of its ordinary shares of USD 0.01 each ("Ordinary Shares"), at an average price of 139 pence per Ordinary Share, pursuant to instructions issued by Trinity as part of its share buyback programme, as announced on 20 September 2022.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00090215D/
They bought back 49,000 shares at 71.1p = £34,839

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00090217D/
They bought back 35,000 shares at 23.766p = £8,318

Hallucigenia
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Re: Hal's oily roundup

#538612

Postby Hallucigenia » October 18th, 2022, 3:43 pm

Quiet day after yesterday's excitements, although NBP is close to £2 on the back of some warm weather and fullish European storage.

Baron bounce after an extension to the Timor-Leste licence and change to the terms which means they've fulfilled the work commitment for the current phase of the licence, with them making positive noises about what they're finding in their seismic. Genel and Gulf Keystone get paid by Kurdistan, Trinity complete their short and sweet $1m buyback, Star Phoenix get some money out of their court case, at last - and that's about it.

Brent=$90.07(October)                WTI=$83.48(October,Brent-6.59)          Nymex gas=$5.99(October)
NBP =205p(October,Nymex+17.17) TTF=€116.505(November,Nymex+27.59) JKM=$30.920(December,Nymex+24.93)

Today 14:25 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 25033002D/
More repo from "the person closely associated with Andrey Akimov, member of the Board of Directors of PAO NOVATEK"

Today 14:01 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 01022989D/
On 17-Oct-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 12.771% to 11.93%.

Today 14:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00382991D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +25.4% with a spike to +33%. Over the last 2 weeks it's up +18.8%.

Today 12:01 Global Petroleum Ltd (GBP)
Holding(s) in Company
https://www.investegate.co.uk/global-pe ... 01042837D/
On 14-Oct-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 12.293% to 8.22%.

Today 11:36 Oil and Gas Devt Co (OGDC)
Board meeting and close period
https://www.investegate.co.uk/oil-and-g ... 36462795D/
This is to inform you that a meeting of the Board of Directors of the Company will be held on October 25, 2022 at 11:30 hours at Islamabad to consider the quarterly accounts for the period ended September 30, 2022 and for declaration of entitlement, if any.

Today 11:23 Oil and Gas Devt Co (OGDC)
Appointment of Director
https://www.investegate.co.uk/oil-and-g ... 23332784D/
Capt. (Retd.) Muhammad Mahmood, Additional Secretary (Incharge) Ministry of Energy (Petroleum Division) has been appointed on the Board of Directors of the Company w.e.f. October 18, 2022 in place of Mr. Ali Raza Bhutta, former Secretary Ministry of Energy (Petroleum Division).

Today 10:54 Star Phoenix Group (STA)
Update on LandOcean Arbitration Proceedings
https://www.investegate.co.uk/star-phoe ... 54452719D/
the London Court of International Arbitration ("LCIA") issued a consent award on 12 August 2022 in relation to two of the four Stage 1 Claims in which LandOcean was required to make payment of US$301,265 to Star Phoenix by 16 September 2022. Further to the Company's announcement of 21 September 2022, at which point no payment had been received, it confirms that a partial payment of US$130,000 has been received.

Today 08:16 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 16062444D/
On 13-Oct-2022, The Goldman Sachs Group, Inc. reduced from 13.735% to 13.502%.

Today 07:43 Tlou Energy Ltd (TLOU)
Results of AGM and Chairman's Address
https://www.investegate.co.uk/tlou-ener ... 43392317D/
all resolutions were duly passed. A presentation provided at the Annual General Meeting by Managing Director, Tony Gilby, is available on the Company's website https://tlouenergy.com/news

Today 07:00 Baron Oil PLC (BOIL)
Chuditch PSC Extension Granted & Investor Webinar
https://www.investegate.co.uk/baron-oil ... 00041507D/
has been granted a six-month extension to Contract Year Two of the [Chuditch] PSC by the relevant Timor-Leste national authority...
The practical effect of this is that a decision on whether to enter the drilling phase is now required to be taken at or before 18 June 2023, being the new expiry date of Year Two of the three-year initial licence phase. Thereafter, subject to satisfactory results from the 3D seismic programme, the subsequent commitment is for a well to be drilled in the third and final year of the initial phase of the Chuditch PSC.
In addition, a Deed of Amendment to the Chuditch PSC has simplified the work obligations within the current period of the PSC....the Company is pleased to report that all of the PSC's seismic reprocessing obligations have now been fully met....
Baron expects to be in a position to provide a comprehensive update on the interpretation of the 3D seismic data along with progress being made elsewhere on the Chuditch PSC project on or before 26 October 2022. Following this update announcement and as previously outlined, Baron will hold an investor webinar for existing and potential new shareholders at 6.00 p.m. (London time) on 26 October 2022.

Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 0014EEPVI/
a gross payment of $64.8 million ($50.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during June 2022.

Today 07:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0014EPDSS/
all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during June 2022....Genel was owed $120 million, excluding interest, for deferred receivables from the KRG for oil sales from November 2019 to February 2020, and has now received $117 million.

Today 07:00 Deltic Energy PLC (DELT)
Appointment of Joint Broker
https://www.investegate.co.uk/deltic-en ... 00061706D/
is pleased to announce the appointment, with immediate effect, of Canaccord Genuity Limited as joint corporate broker to the Company, alongside Stifel Nicolaus Europe Limited. Allenby Capital Limited remains the Company's Nominated Adviser.

Today 07:00 TomCo Energy PLC (TOM)
Partial Conversion of Convertible Loan Notes
https://www.investegate.co.uk/tomco-ene ... 00061800D/
the Company has received a conversion notice from certain Convertible Loan subscribers to convert £137,500 principal amount of the second tranche of the Convertible Loan and the associated interest of £6,875 (5%), into new Ordinary Shares....Following this latest conversion, a total of £162,500 principal amount remains outstanding under the Convertible Loan.

Today 07:00 Kosmos Energy Ltd (KOS)
3rd Quarter Earnings Date
https://www.investegate.co.uk/kosmos-en ... 00041635D/
· Earnings Release: Monday, November 7, 2022, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com .
· Conference Call: Monday, November 7, 2022 at 11:00 a.m. EST. The call will be available via telephone and webcast.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00061779D/
They bought back 235,000 shares at 71.52p = £168,072

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares and Buyback Completed
https://www.investegate.co.uk/trinity-e ... 00051711D/
on 17 October 2022 it purchased 57,000 of its ordinary shares of USD 0.01 each ("Ordinary Shares"), at an average price of 138 pence per Ordinary Share, pursuant to instructions issued by Trinity as part of its share buyback programme, as announced on 20 September 2022...Following the above transaction, Trinity has purchased approximately USD 1 million of Ordinary Shares in line with its announcement of 20 September 2022 and consequently this buyback programme has been completed.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00041686D/
They bought back 17,598 shares at 129p = £22,701

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00061801D/
They bought back 69,954 shares at 24.2324p = £16,952

Hallucigenia
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Re: Hal's oily roundup

#538829

Postby Hallucigenia » October 19th, 2022, 2:56 am

Knock off the rest of Tuesday - only real news is Total opening a 800MW PV project in Qatar.

Yesterday 18:15 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1550H1638/
They bought back 904,560 shares at £22.648 = £20,486,746 and 1,682,477 shares at €25.993 = £38,013,240 for a total of £58,499,986

Yesterday 17:12 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 12053173D/
They bought back 11,229,025 shares at 452.453p = £50,806,069

Yesterday 17:12 TotalEnergies SE (TTE)
Qatar: TotalEnergies Announces the Startup of Al Kharsaah (800 MWp), One of the Largest Solar Power Plants in the Middle East
https://www.investegate.co.uk/totalener ... 1200Z6506/
Located 80 km West of Doha, the Al Kharsaah plant is the first large scale photovoltaic plant in Qatar with 800 MWp installed solar capacity. The plant was constructed on a 1000-hectare terrain, equivalent to approximately 1400 football pitches, and integrates 2 million high-efficiency bifacial modules mounted on single-axis trackers. These panels, equipped with photovoltaic cells on the front and back, capture the sun's direct rays on one side, and capture the rays reflected on the ground thanks to the other side, thus optimizing electricity production.
Al Kharsaah can supply 10% of the country's peak power consumption and will avoid 26 million tons of CO2 emissions during its lifetime....
The power plant has been developed and is operated by Siraj 1, which is jointly owned 40% by the Consortium formed by TotalEnergies (49%) and Marubeni (51%) and 60% by Siraj Energy (100% QatarEnergy). The project includes a 25-year Power Purchase Agreement between Siraj 1 and the power grid operator Kahramaa....
The inauguration also follows QatarEnergy's recent announcement of a new solarization project for the Ras Laffan and Mesaieed industrial cities, with the support of TotalEnergies. With 900 MWp of installed capacity

Yesterday 16:36 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 36133118D/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Thin trading but seems to be a buyer in 35k size whenever it's below 1.8p

Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35533114D/
https://uk.finance.yahoo.com/quote/TTE.L/chart
Up 3% on the day and up 21% since the end of September - racy.

Yesterday 16:16 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 16283093D/
On 17-Oct-2022, Spreadex LTD increased from 8.059% to 9.198%.

Yesterday 16:14 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 14363090D/
On 14-Oct-2022, Spreadex LTD increased from 6.862% to 8.059%.

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Re: Hal's oily roundup

#538908

Postby Hallucigenia » October 19th, 2022, 10:56 am

IOG have a shocker - down 50% on news that they've got problems with the A1 well so it won't be going on production this year, they've got compartmentalisation problems at Blythe and Elgood reducing recoverables, and a equipment failure means Saturn Banks will need a longer shutdown to attach the new production pipe. Feels a bit overdone given most of it is short term, someone may pounce on them in the meantime?
VAALCO have the FSO up and running at Etame, things going well but it looks like they will kitchen sink a bunch of one-offs in Q3 to do with the FSO and merger. Trinity are progressing solidly but encountering some delays due to supply chain issues. Europa pay back the loan they took from UJO in case Serenity needed extra work.

Brent=$90.90(October)                WTI=$83.98(October,Brent-6.92)          Nymex gas=$5.73(October)
NBP =193.12p(October,Nymex+16.03) TTF=€117.300(November,Nymex+28.01) JKM=$29.690(December,Nymex+23.96)

Today 09:00 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 00323963D/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's collapsed -51.3% having touched -57%. Over the last 2 weeks it's collapsed -56.2% having touched -62%.

Today 08:16 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 16183942D/
On 14-Oct-2022, The Goldman Sachs Group, Inc. increased from 13.502% to 13.602%.

Today 08:07 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 07093932D/
On 17-Oct-2022, Bank of America Corporation increased from 17.404% to 17.42%.

Today 07:00 Vaalco Energy Inc (EGY)
Operational Update and Q3'22 Production & Sales
https://www.investegate.co.uk/vaalco-en ... 00063285D/
successful completion of the Floating Storage and Offloading vessel ("FSO") installation and field reconfiguration at Etame....
· Delivered first oil from the Etame field to the Teli FSO on October 18...
· Disclosed preliminary third quarter 2022 production of approximately 9,150 net revenue interest ("NRI") barrels of oil per day ("BOPD"), or 10,525 working interest ("WI") BOPD, which was above the high-end of third quarter guidance;
· Announced third quarter 2022 sales volumes of 731,000 net barrels of oil or 7,952 net BOPD, which was 8% above the midpoint of guidance..
the majority of the transaction costs associated with the strategic combination were incurred in the third quarter and will be recognized as special, one-time expenses in third quarter financial results. The Company also expects to incur a realized derivative loss in the third quarter as a result of the settlement of the remaining derivative swaps. Both the transaction costs and realized derivative losses are not deductible for Gabonese taxes, so the effective tax rate will be higher than normal during the third quarter. Additionally, costs associated with the relinquishment of the FPSO and transition to the FSO will be included in the third quarter.

Today 07:00 Vaalco Energy Inc (EGY)
DIRECTOR HOLDINGS
https://www.investegate.co.uk/vaalco-en ... 00073821D/
David Cook, Edward LaFehr and Timothy Marchant who were appointed to the board of the Company on completion of the [TransGlobe merger] acquired a total of 118,279 common shares with a par value of $0.10 per share in the Company in connection with the Arrangement.

Today 07:00 IOG PLC (IOG)
Operational update
https://www.investegate.co.uk/iog-plc-- ... 00073337D/
- Drilling fluid losses at Southwark A1 well have continued in the Bunter Shale Formation
- A1 has been suspended to enable A2 well stimulation operations to proceed as planned for First Gas in Q4, before resuming A1
- Saturn Banks to be shut-in for a total of four weeks, including depressurising the line ahead of the Bacton terminal shutdown, to enable the final subsea connection to Southwark
- Average 2H 2022 production to date of 28.6 mmscf/d, constrained by aqueous liquids production at Blythe, at an average realised price of 258 p/therm
- Blythe H1 well ultimate recoverable gas volumes estimated at 29 BCF and Elgood at 7.5 BCF - options to optimise recovery are being evaluated [comp[artmentalised, were 42.5 and 14.1bcf]
- 2H 2022 production guidance revised from 30-50 mmscf/d to 22-28 mmscf/d

Today 07:00 Trinity Exploration (TRIN)
Q3 2022 Operational Update
https://www.investegate.co.uk/trinity-e ... 00063326D/
The Company maintained robust production in the Period, leading to a 25% increase in operating cash flow, before corporate taxes and pre-hedging. The first two wells of the six-well, fully-funded onshore drilling campaign were safely drilled, completed and brought into production during the Period. These wells commenced production at an initial aggregate rate of approximately 113 bopd. The third well in the programme has subsequently been drilled successfully and is in the process of being completed, with production anticipated to commence within the next two weeks.
Extended supply chain lead times for specialist drilling tools will result in a delay to the Company's planned horizontal well, which is now expected to be drilled in Q2 2023. The Company has taken the decision to delay the fourth conventional well in the programme, which was scheduled to be drilled immediately in advance of the horizontal well, to create operational synergies with the rig operations across these two wells. The Company is actively looking to drill the planned deep well, or additional conventional wells, in advance of the horizontal well, but any decision will be subject to matters outside of the Company's control including regulatory approvals and supply chain constraints.
The Company's production guidance for 2022 remains unchanged at 2,900-3,100 bopd.
· Q3 2022 production sold averaged 2,990 bopd (Q2 2022: 3,019 bopd; Q3 2021: 2,923 bopd).
· Year to date 2022 (Q1-Q3) average production volumes sold of 2,979 bopd, broadly flat year-on-year (Q1-Q3 2021: 2,995 bopd).
· Q2 2022 average realisation of US$84.3/bbl (Q2 2022: US$96.8/bbl; Q3 2021: US$ 62.6 /bbl).
· Operating cash flow pre-tax and pre-hedging of US$8.6m (unaudited), an increase of 25% compared to the previous quarter (Q2 2022: US$6.9m).
· Cash balance of US$16.5m (unaudited) as at 30 September 2022 (US$15.0m as at 30 June 2022)
· Average operating break-even for Q3 2022 was US$32.2/bbl (unaudited) (Q2 2022: US$31.3/bbl; Q3 2021: US$27.8/bbl).
The Government of Trinidad and Tobago's 2023 Budget Statement announced proposed reforms to the SPT . The changes for onshore production will positively impact our cashflow, thereby increasing our capacity to reinvest.

Today 07:00 Union Jack Oil PLC (UJO)
£1,000,000 Loan Repayment to Union Jack by Europa
https://www.investegate.co.uk/union-jac ... 00053108D/
Europa has repaid the principal of £1,000,000 and applicable interest in full.

Today 07:00 Europa Oil & Gas (EOG)
Loan Facility Repayment
https://www.investegate.co.uk/europa-oi ... 00053241D/
is pleased to announce that it has repaid in full the £1,000,000 loan facility (the "Loan") provided by Union Jack Oil plc ("UJO") which was announced on 9 September 2022. In accordance with the terms of the Loan, the principal and accrued interest has been repaid without penalty and following repayment the Loan will be cancelled....
a strong balance sheet to fund the ongoing assessment of the Serenity development, development activity at Wressle and also to continue with our stated efforts to add additional appraisal assets to the portfolio. I look forward to providing further updates as each of these exciting facets of the Europa business progresses.

Today 07:00 ADM Energy PLC (ADME)
Director's Dealing
https://www.investegate.co.uk/adm-energ ... 00073839D/
CEO buys £25k

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00063275D/
They bought back 500,000 shares at 128p = £640,000

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00073339D/
They bought back 90,000 shares at 70.67p = £63,603

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00073341D/
They bought back 15,110 shares at 24p = £3,626

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#539208

Postby Hallucigenia » October 20th, 2022, 1:38 am

Rest of Wednesday's news - Baron is going gangbusters at the moment. Cambay frac seems to be going really well for Synergia, Romgaz sign a deal to get LNG from Azerbaijan, Advance will rename to Beacon Energy.

Yesterday 19:01 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0151H1884/
They bought back 556,995 shares at £22.596 = £12,586,026 and 539,655 shares at €26.040 = £12,242,162 for a total of £24,828,188

Yesterday 18:20 Trinity Exploration (TRIN)
Directors' Voting Rights
https://www.investegate.co.uk/trinity-e ... 20344739D/
As the Directors did not participate in the share buy back, their percentage of voting rights holdings (set out below) increased as a result of the reduction in total voting rights of the Company.

Yesterday 18:05 Afentra PLC (AET)
Update on the Angolan Acquisitions
https://www.investegate.co.uk/afentra-p ... 05374726D/
The Company remains in discussion with all relevant parties and expects to finalise the Sonangol Acquisition in Q4 2022, as previously guided. Whilst we remain on track to achieve this timing, satisfaction of the CPs is anticipated to occur after the current long-stop date of 20 October 2022. The Company are therefore pleased to announce it has reached an agreement with Sonangol to extend the long-stop date to 31 December 2022 in order to facilitate satisfaction of the CPs in Q4 2022....

Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28284688D/
They bought back 11,380,007 shares at 451.569p = £51,388,565

Yesterday 16:53 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 53344635D/
On 18/10/2022, BlackRock, Inc. increased from below 5% to 5.02%.

Yesterday 16:36 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 36074610D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's down -8.8% after yesterday's excitement

Yesterday 16:35 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 35584608D/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's been in the usual range.

Yesterday 16:35 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 35454605D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
Up 80% in 2 days - I guess people really liked that Chuditch announcement.

Yesterday 16:10 OMV Petrom S.A. (PETB)
Results of Share Capital Increase
https://www.investegate.co.uk/omv-petro ... 10014548D/
out of the total number of 4,639,664,234 new shares that were offered for subscription to the holders of preference rights, a total number of 4,460,956,331 new ordinary nominative shares, in dematerialized form (including underlying new shares represented by new global depositary receipts) were subscribed, with a nominal value of RON 0.1 per share and a total nominal value of RON 446,095,633.10 (representing 96.1% of the total new shares offered for subscription) .

Yesterday 16:05 Synergia Energy Ltd (SYN)
Cambay C-77H Update
https://www.investegate.co.uk/synergia- ... 05114576D/
The Company has been analysing and optimising the C-77H gas production rates. The Company has been analysing and optimising the C-77H gas production rates. The well continues to clean up with flow rates having increased steadily from 150,000 SCFD at the end of September to the current rate of 276,000 SCFD and 17 BPD gas condensate. An commensurate increase of flowing wellhead pressure to the current 950 psi has also been observed.

Yesterday 15:10 Gulf Marine Services (GMS)
Results of General Meeting
https://www.investegate.co.uk/gulf-mari ... 10404543D/
The General Meeting was convened to consider the resolution required in order to satisfy certain obligations of the Company under the terms of the 2021 Master Amendment Agreement, further details of which were set out in the Circular to the Company's shareholders dated 28th September 2022. The resolution was voted on by way of a poll and was passed by the requisite majority of shareholders.

Yesterday 15:00 Advance Energy PLC (ADV)
Notice of AGM
https://www.investegate.co.uk/advance-e ... 00004531D/
The AGM will be held at 55 Athol Street, Douglas, Isle of Man, IM1 1AP on 17 November 2022 at 10.00 a.m. It is noted that a change of name of the Company to "Beacon Energy plc" is to be proposed as an ordinary resolution at the AGM. Assuming such resolution is approved, the change of name is expected to take effect on 18 November 2022.

Yesterday 14:26 Angus Energy PLC (ANGS)
Director's Dealing
https://www.investegate.co.uk/angus-ene ... 26414496D/
Paul Forrest, Non-Executive Director, on 7 October 2022 sold 2,000,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 2.2 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 536,750,000 Ordinary Shares representing 18.56 per cent.

Yesterday 14:00 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 00564477D/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's down -8.8%

Yesterday 13:19 Empyrean Energy PLC (EME)
Results of General Meeting
https://www.investegate.co.uk/empyrean- ... 19144447D/
all resolutions were duly passed

Yesterday 13:10 S.N.G.N. Romgaz S.A. (SNGR)
ROMGAZ - SOCAR Memorandum
https://www.investegate.co.uk/s.n.g.n.- ... 10124441D/
S.N.G.N. ROMGAZ S.A. and SOCAR, the State Oil Company of the Republic of Azerbaijan, concluded today, October 19th, 2022, in Bucharest, a Memorandum of Understanding which sets the basis of a new cooperation between the two companies.
Through this Memorandum of Understanding the signing parties formalize their intention to explore the opportunity of jointly developing a liquefied natural gas project at the Black Sea. Such project is envisaged to consist of an LNG liquefaction plant, a regasification plant as well as all other installations and facilities needed in order to transport natural gas from the Caspian region into Romania.

Yesterday 12:15 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 15444368D/
On 18-Oct-2022, Bank of America Corporation reduced from 17.42% to 17.312%.

Yesterday 11:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00214237D/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's been in the usual range.

Yesterday 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00314239D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
Up 80% in 2 days

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#539371

Postby Hallucigenia » October 20th, 2022, 1:50 pm

So the predators at Reabold have shown their faces, led by John McGoldrick of Curzon and Caza infamy. Reabold seem confident of holding them off.
Woodies please the market with a bullish Q3, with production up 52% and obviously LNG a good place to be right now. Molecular (formerly President) have got things going after their fire in Argentina and the barge shortages in the US.
IOG regain a big chunk of their losses after firing the CEO and COO, first act of their replacements is to reassure the market that they have enough cash. Two cosy convertible loans are issued, a 5% one by Hydrogen Utopia after their 10% shareholder offered them some cash, and a interest-free one from the controling shareholders in Plexus as a short-term fix ahead of a placing, which the market seems to like despite a buried not-great trading update. Sound update on their two Morocco licences that expired this month, they've asked to extend Grand Tendrara with a well commitment, they're talking to the authorities about Sidi Moktar where they haven't completed the commitments.
Baron continues to go bonkers.

Brent=$93.70(October)                WTI=$87.23(October,Brent-6.47)         Nymex gas=$5.49(October)
NBP =218.99p(October,Nymex+19.26) TTF=€124.000(November,Nymex+30.24) JKM=$30.315(December,Nymex+24.83)

Today 13:20 Sound Energy PLC (SOU)
Update re Exploration Permits
https://www.investegate.co.uk/sound-ene ... 20385868D/
Grand Tendrara exploration permits The Grand Tendrara exploration permits cover approximately 14,411 square kilometres in Eastern Morocco and, following completion of the initial period of 4 years within the total duration of 8 years commencing on or about 1

Today 12:31 IOG PLC (IOG)
Financial Update
https://www.investegate.co.uk/iog-plc-- ... 31195805D/
IOG's cash position is today in excess of £36 million, of which £5 million is restricted. The Company's internal modelling projects corporate cash flows in a range of risked scenarios, including lower production outturn versus forecast, longer than planned downtime and gas prices materially below the prevailing forward curve. In the current outlook based on these scenarios, no short-term incremental funding need is anticipated.

Today 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00165646D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's soared +55.4% with a spike to +92%. Over the last 2 weeks it's soared +163.4% with a spike to +226%.

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00105485D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's soared +55.4% with a spike to +92%. Over the last 2 weeks it's soared +163.4% with a spike to +226%.

Today 07:00 Woodside Energy Grp. (WDS)
Third Quarter 2022 Report
https://www.investegate.co.uk/woodside- ... 00024899D/
· Delivered record production of 51.2 MMboe (557 Mboe/day), up 52% from Q2 2022.
· Delivered record sales volume of 57.1 MMboe, up 59% from Q2 2022.
· Delivered record revenue of $5,858 million, up 70% from Q2 2022.
· Achieved a portfolio average realised price of $102 per barrel of oil equivalent.
· Sold 24% of produced LNG at prices linked to gas hub indices.
· Upgraded full-year 2022 production guidance to 153 - 157 MMboe...
Woodside entered into a long-term sale and purchase agreement (SPA) with Uniper Global Commodities to supply LNG from our global portfolio from 2023 into Europe, where buyers are urgently seeking alternatives to Russian gas. We also signed an SPA for supply from the proposed Commonwealth LNG export facility in Louisiana....
· Woodside's Investor Briefing Day 2022 will be held in Sydney, Australia, on Thursday, 1 December 2022, commencing at 09.30 AEDT / 06.30 AWST (16.30 CST on Wednesday, 30 November 2022). [up 6%]

Today 07:00 Woodside Energy Grp. (WDS)
Company Secretary Change
https://www.investegate.co.uk/woodside- ... 00024903D/
Mr Andrew Cox has ceased to be an additional Company Secretary effective 20 October 2022. Mr Cox will continue in the role of Vice President Legal & Group General Counsel.
The Board has appointed Ms Lucy Bowman as an additional Company Secretary effective 20 October 2022.

Today 07:00 Reabold Resources (RBD)
Requisition of General Meeting
https://www.investegate.co.uk/reabold-r ... 00044821D/
As announced on 17 October 2022, the Board of Reabold received a letter from Pershing Nominees Limited ("Pershing"), which owns approximately 6.93% of the Company's issued share capital on behalf of five beneficial shareholders, requesting the Board to convene a general meeting...The Board was advised that the requisition letter contained several deficiencies...Unfortunately, Pershing has refused to amend its requisition letter. Notwithstanding the Board's concerns about the validity of the letter, the Board has decided to proceed on the basis that the requisition process is a major distraction and needs to be dealt with swiftly and that the aforementioned potential breach of the Act is considered remote due to the indications of support the Board has received following its initial engagement with the Company's major shareholders....
Reabold believes that the requisitioning parties have a questionable motive to gain control of the Company without paying a control premium. The Board also notes that the proposed new directors include individuals with a track record of value destruction as public company Board directors or no public Board experience at all.
[John McGoldrick - assume it's the chairman of Curzon which is definitely a failed oil company, previously Caza (shale company that saw a D4E wipe out 97% of shareholder value) and Dart Energy - coal seam gas in Scotland that was bought by iGas but then sold to Ineos for a fraction of what they paid
Cathal Friel - Merrion Stockbrokers, Raglan Capital, Open Orphan (drugs company)
Kamran Sattar - Portillion Capital
Francesca Yardley - ex-Linklaters lawyer]

Today 07:00 Molecular Energies (MEN)
Operational Update
https://www.investegate.co.uk/molecular ... 00044816D/
The Puesto Flores facility has fully restarted after the temporary disruption [fire in August] with all work successfully completed. It is now working up towards full production levels which is expected by the end of this weekend...
After a delay in barge availability, work is in progress at the [Louisiana] wells with full production, at this high margin, positive cash generative business, also expected by the end of the weekend.

Today 07:00 Plexus Holdings Plc (POS)
ISSUE OF CONVERTIBLE LOANS
https://www.investegate.co.uk/plexus-ho ... 00034737D/
Plexus Holdings plc is pleased to announce that it has raised £1,550,000 through the issue of 1,550,000 convertible loan notes ("Loan Notes") to each of OFM Investment Limited (an entity connected to the van Bilderbeek family), Ben van Bilderbeek, CEO of Plexus, and Jeff Thrall, Non-executive Director of Plexus...
the Loan Note structure provides for the participation of existing shareholders in a future capital raise, which is anticipated to take place alongside the conversion of the Loan Notes....The Loan Notes are non-interest bearing, and their 'long stop' maturity date is the second-year anniversary of the date of the Instrument...
It has been agreed that the Noteholders, subject to shareholder authority, will convert their loans into new shares at a 20% discount to the share price paid by investors in the corresponding Qualifying Financing in recognition of and compensation for the funding support that has been provided....
The Company has agreed with the Takeover Panel (the "Panel") that Ben van Bilderbeek (Chief Executive of Plexus) and Jeff Thrall (Non-executive Chairman of Plexus), and their immediate families and related trusts (the "Concert Party"), are acting in concert in relation to the Company. The Concert Party is interested in 59,684,919 Ordinary Shares, representing 59.4 per cent. of the voting rights of the Company....
Although the Company continues to actively promote its proprietary wellhead and related technologies, it has taken longer than anticipated to recover from what has been for some time challenging market conditions. However, the Board of Plexus is confident that the medium-term outlook for the Company remains strong
[up 20%]

Today 07:00 IOG PLC (IOG)
Board and Executive changes
https://www.investegate.co.uk/iog-plc-- ... 00054825D/
After nearly five years in the role, Andrew Hockey has informed the Board of his intention to retire as CEO and step down from the Board with immediate effect....Rupert Newall will step up to become the new CEO. Having led its restructuring and farm-out to CalEnergy Resources (UK) Limited (CER) in 2019, and then joined as CFO...
In addition, David Gibson will step down as Chief Operating Officer (COO) with immediate effect. The Board is pleased to announce the appointment of Dougie Scott as the Company's new COO...
The Board is also pleased to announce the appointment of John Arthur as CFO with immediate effect. This will not be a Board position. John is already a trusted member of the IOG team, having been Head of Finance since joining in early 2022, and was previously CFO at Aminex plc.
[up 24%]

Today 07:00 Hydrogen Utopia Intl (HUI)
Convertible Loan
https://www.investegate.co.uk/hydrogen- ... 00054799D/
it has entered into a convertible loan facility (the" Convertible Loan Facility") with Conrad Griffiths as lender (the "Lender") in respect of an advance of EUR 650,000 (the "Advance"). Conrad Griffiths currently owns 9.45% of the ordinary share capital of the Company....The Convertible Loan Facility is interest free until 31 December 2022. Thereafter interest on the Advance accrues at the rate of 5% per annum. The Advance together with accrued interest is repayable on 31 December 2025...The Lender may convert the Advance and accrued interest at any time up to and including the Repayment Date into fully paid HUI ordinary shares of 0.1p each at a conversion price of 20p [currently 7.25p]

Today 07:00 Tullow Oil PLC (TLW)
Directorate Change
https://www.investegate.co.uk/tullow-oi ... 00053161D/
Jeremy Wilson, non-executive Director, has today completed nine years on the Board of Tullow and he will retire at the conclusion of the final Board meeting of the year, scheduled for 30 November 2022.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding - Replacement
https://www.investegate.co.uk/gran-tier ... 00054847D/
Deferred Stock Units ("DSUs") and Stock Options have been granted to certain PDMRs effective October 1, 2022 in accordance with the payment of directors' fees for the fourth quarter of 2022. Each DSU represents a contingent right to receive one share of the Company's common stock.

Today 07:00 Arrow Exploration (AXL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/arrow-exp ... 00044819D/
pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 476,190 new common shares

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00054848D/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00034773D/
They bought back 750,000 shares at 125.22p = £939,150

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00044817D/
They bought back 136,000 shares at 69.63p = £94,697

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00044820D/
They bought back 10,191 shares at 24p = £2,446

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#540022

Postby Hallucigenia » October 21st, 2022, 7:32 pm

Super-quiet day in the oil patch, about the only notable thing is a slightly weird notification that veteran Alastair D. McBain (formerly of Arawak among others) is leaving Petroneft. The IOG board bought £100k and the price continues to recover, Thalassa have some cute words for their retiring director, and that's really about it. Notable that Nymex is now under $5, and the Brent market doesn't quite buy the Democrats trying to manipulate US fuel prices via SPR releases.

Your weekend homework is the new EU energy agreement, which includes joint procurement of 15% of their storage needs next year, a new gas benchmark, an "emergency brake" to control price spikes and new commitments to energy efficiency and renewables :
https://ec.europa.eu/commission/pressco ... ip_22_6225

Brent=$93.42(October)                WTI=$84.87(November,Brent-8.55)        Nymex gas=$4.99(October)
NBP =210p(October,Nymex+18.63) TTF=€113.576(November,Nymex+27.74) JKM=$32.470(December,Nymex+27.48)

Today 18:10 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1023H2310/
They bought back 1,551,481 shares at £23.240 = £36,056,884

Today 17:19 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 19277783D/
They bought back 11,164,770 shares at 460.756p = £51,442,358

Today 16:35 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 35517715D/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's jumped +22.5% with a spike to +24%. Over the last 2 weeks it's dropped -34.9% having touched -49%.

Today 12:19 DCC PLC (DCC)
Director Declaration
https://www.investegate.co.uk/dcc-plc-- ... 19387467D/
Ms. Laura Angelini, a non-executive Director of DCC plc, has been appointed as non-executive director of Identiv, Inc. with effect from 19 October 2022.

Today 12:06 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0600P7BA9/
ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES

Today 12:05 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0500PEFA2/
Co Sec EXERCISE AND RETENTION, NET OF ASSOCIATED TAX LIABILITY, OF NIL COST BONUS PLAN SHARE AWARDS

Today 11:47 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 47377421D/
They bought back 750,000 shares at 128.79p = £965,925

Today 11:41 Mosman Oil & Gas (MSMN)
Registered office
https://www.investegate.co.uk/mosman-oi ... 41127407D/
effective on 25 October 2022 the registered office of the Company will move to: 24-26 Kent Street, Millers Point NSW 2000, Australia.

Today 10:59 Thalassa Holdings Ltd (THAL)
Directorate Change
https://www.investegate.co.uk/thalassa- ... 5928ERRMF/
Mr Cole, having reached the ripe old age of 76, is retiring from the Board with effect from today.

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00217069D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's down -15% with a high of +22% and a low of -29%. Over the last 2 weeks it's soared +155.1% with a spike to +265%.

Today 08:30 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 30077053D/
On 19-Oct-2022, Bank of America Corporation reduced from 17.312% to 15.426%.

Today 07:00 Vaalco Energy Inc (EGY)
ADDITION TO SENIOR LEADERSHIP
https://www.investegate.co.uk/vaalco-en ... 00036396D/
Matthew Powers has joined VAALCO's senior leadership as Executive Vice President and General Counsel. Mr. Powers has nearly 20 years of legal experience with a focus on energy, and direct experience working on projects in Africa, including in Gabon and Egypt.

Today 07:00 Petroneft Resources (PTR)
Board Changes
https://www.investegate.co.uk/petroneft ... 00036392D/
· Alastair D. McBain has resigned as Non-Executive Chairman of the board with immediate effect.
· Pavel Tetyakov has been appointed as Chief Executive officer and David C Sturt has taken up the role of Executive Chairman.
Through these challenging times the board has decided to provide continuity to the management of the Company. Pavel Tetyakov who has been an Executive Director and Senior Vice President of New Business will assume the role of Chief Executive Officer and David Sturt, formerly Chief Executive Officer will assume the role of Executive Chairman with immediate effect.

Today 07:00 IOG PLC (IOG)
Director & PDMR Dealings
https://www.investegate.co.uk/iog-plc-- ... 00036371D/
certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 1,050,423 ordinary shares of 1p each ("Ordinary Shares") at an average price of 9.60p per Ordinary Share, equating to aggregate value of £100,792

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00036397D/
They bought back 25,000 shares at 70p = £17,500

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00036454D/
They bought back 9,587 shares at 24.5617p = £2,355

Yesterday 18:01 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0136H2108/
They bought back 400,000 shares at £23.224 = £9,289,720

Yesterday 17:10 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 10506236D/
They bought back 11,186,808 shares at 462.215p = £51,707,058

Yesterday 17:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00016169D/
On 19-Oct-2022, Azvalor Asset Management SGIIC SA (Madrid Spain) increased from 11.058% to 12.046%.

Yesterday 16:35 Plexus Holdings Plc (POS)
Price Monitoring Extension
https://www.investegate.co.uk/plexus-ho ... 35416183D/
https://uk.finance.yahoo.com/quote/POS.L/chart
On the day it's soared +36.8% with a spike to +42%. Over the last 2 weeks it's jumped +40.5% with a spike to +46%.

Yesterday 16:16 Echo Energy PLC (ECHO)
Block Admission Update
https://www.investegate.co.uk/echo-ener ... 16386163D/
provides an update in relation to the Company's block admission arrangements (the "Block Admissions") in respect of new ordinary shares of 0.25p in the Company ("Ordinary Shares") which may be issued as a result of future exercises of existing warrants and options.

Yesterday 14:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00185894D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's soared +82.6% with a spike to +92%. Over the last 2 weeks it's soared +209.5% with a spike to +226%.

Yesterday 14:00 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 00375895D/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's soared +36.3% with a spike to +44%. Over the last 2 weeks it's dropped -47.5% having touched -66%.

Yesterday 14:00 Plexus Holdings Plc (POS)
Price Monitoring Extension
https://www.investegate.co.uk/plexus-ho ... 00405896D/
https://uk.finance.yahoo.com/quote/POS.L/chart
On the day it's soared +36.8% with a spike to +42%. Over the last 2 weeks it's jumped +40.5% with a spike to +46%.

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#540971

Postby Hallucigenia » October 24th, 2022, 3:26 pm

So we find out what the excitement at Baron was all about, after it had more than doubled. New analysis puts Chuditch West as part of the main Chuditch-1 structure, doubling its size to 1350bcf, although Chuditch SW now looks more complicated than first thought. Overall they could have 75% of 3.6tcf - can see the interest, as Shell found gas at Chuditch-1 in 1998. CPR underway ahead of possible farmout.
88 Energy have a drilling site for the Hickory well in H1, but will need more finance to pay for it.
Predator are making progress in Morocco, with a rig contract for MOU-2 targeting a net 500bcf soon.
Mosman make progress with Cinnabar (likely 150-200bopd by analogy with similar wells) and have a CPR promising some big numbers for CH4/H2/He in their "other" permit, not the one where the partner blabbed a few weeks ago.
Zephyr are waiting the final permit for LNW-CC and do a deal to drill a joint well with a neighbour.
Petrel have the begging bowl out again for £250k - tomorrow, Rodders, we'll be rich! TomCo pay off the last of their convertible loan but still no news of the deal completing. Trinity launch another buyback whilst Union Jack bounce as they join the dividend club (2.8%) and start buybacks.
Harbour sell down a big chunk of their Egdon holding. Coupled with them not buying back any more, it feels like they're up to something.
Oh and Schlumberger have rebranded as SLB which is obviously a high-tech green company that is not at all associated with oil. Yep, definitely.

Brent=$93.28(October)                WTI=$84.89(November,Brent-8.39)        Nymex gas=$5.17(October)
NBP =178p(October,Nymex+14.97) TTF=€96.775(November,Nymex+22.83) JKM=$32.470(December,Nymex+27.30)

Today 14:59 Echo Energy PLC (ECHO)
Result of General Meeting
https://www.investegate.co.uk/echo-ener ... 59519170D/
all resolutions were duly passed.[>99.8%]

Today 14:05 Angus Energy PLC (ANGS)
Issue of Options
https://www.investegate.co.uk/angus-ene ... 05269113D/
the Company has agreed the grant of 165.5 million share options, representing 5.72% of the Company's issued share capital, under the Company's existing Employee Incentive Schemes (the "Options") to Directors and other staff.

Today 14:00 Union Jack Oil PLC (UJO)
Price Monitoring Extension
https://www.investegate.co.uk/union-jac ... 00559110D/
https://uk.finance.yahoo.com/quote/UJO.L/chart
On the day it's jumped +14.5% with a spike to +24%. Over the last 2 weeks it's been in the usual range.

Today 13:17 PAO Novatek (NVTK)
Noteholders' Consent Solicitation Launch
https://www.investegate.co.uk/pao-novat ... 17579058D/
announced the launch of consent solicitation process ("Consent Solicitation") in relation to the outstanding USD 1.0 billion notes (ISIN XS0864383723 - Reg S, ISIN US66989PAC41 - Rule 144A) due December 2022 with annual coupon rate 4.422%..Due to current disruptions in the international payment infrastructure, as well as recent regulatory changes in the Russian Federation regarding the servicing of bonds issued by foreign organizations, there is a material risk a payment under the Notes could not be performed to the Noteholders...
In order to secure proper and timely payments to the Noteholders, NOVATEK is seeking the consent of the Noteholders to approve appointment of the new Trustee, new Share Trustee, as well as a number of amendments to the transaction documents under the Notes, including the Trust Deed, the Paying Agency Agreement and the Loan Agreement.
https://direct.euronext.com/api/PublicA ... 158ddbb70f

Today 11:26 Egdon Resources PLC (EDR)
Notification of Major holdings
https://www.investegate.co.uk/egdon-res ... 26388946D/
On 21-Jul-2021, Harbour Energy plc reduced from 15.14% to 8.85%

Today 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00398893D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's dropped -28% with a high of +46% and a low of -40%. Over the last 2 weeks it's jumped +85.8% with a spike to +276%.

Today 10:35 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on November 28 (29), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 35088782D/
S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Ordinary General Meeting of Shareholders (OGSM) on November 28 (29), 2022.

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00378548D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's dropped -28% with a high of +46% and a low of -40%. Over the last 2 weeks it's jumped +85.8% with a spike to +276%.

Today 08:34 Thalassa Holdings Ltd (THAL)
Correction
https://www.investegate.co.uk/thalassa- ... 3433EPBSD/
Thalassa is correcting an inaccuracy in the detail of the 2022 June Interim Report and Accounts published on the 15th of August 2022.
The book value per share for the comparative prior year (June 2021) was incorrectly reported as £0.82; The correct value is £1.33, as was reported in the June 2021 Interim Report issued on 28th September 2021.

Today 08:00 88 Energy Limited (88E)
Quarterly Activities Report and Appendix 5B
https://www.investegate.co.uk/88-energy ... 00018445D/
In August 2022, the Company reported a maiden, independently certified Prospective Resource estimate for Project Icewine East (~75% net WI) of a total 1.03 Bbbls of oil1,2 gross mean unrisked (total unrisked net mean entitlement prospective oil resource to 88 Energy of 647 MMbbls of oil2)....
In September, the Company selected the drilling location in Icewine East for the planned Hickory-1 exploration well scheduled for 1H 2023, following completion of the interpretation of the recently licenced FB3D seismic data set which covers a significant area of the Project Icewine East leases...
Results from this analysis and interpretation have been used to define 'sweet spots' for each of the mapped Shelf Margin Delta (SMD), Slope Fan System (SFS), Basin Floor Fan (BFF) and Kuparuk (KUP) play fairways. This analysis has played a key role in identifying the drilling location for the planned 2023 exploration well, Hickory-1, which is designed to intersect and test all four key play fairways....
The Company has finalised detailed analysis of all data obtained from the Merlin-2 drilling program....Results of the independent basin modelling study, coupled with abundant oil shows across Merlin-1 and Merlin-2, are encouraging for untested Harrier (comprising the N14 and N15 Nanushuk sequences) and Harrier Deep (Torok sequences) prospects to the North....
Production from the Longhorn wells was delivering ~450 BOE per day gross (~70% oil) at the end of September 2022, which represents an overall output increase of ~60% since the completion of the acquisition in mid-February 2022. The investment has resulted in net cash flow returns to 88E of A$2.8M since the acquisition. The Company expects production to reach over 500 BOE per day by end of 2022, given the impact of the decision to not proceed with the planned sixth work-over....
At quarter end, the Company had cash reserves of A$17.5M and no debt. [placing paid for Hickory long-lead but imply will need more for actual drilling]

Today 07:00 Baron Oil PLC (BOIL)
Chuditch PSC Update
https://www.investegate.co.uk/baron-oil ... 00097915D/
a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste ("Chuditch", the "Chuditch PSC" or "PSC") and the preliminary interpretation of the reprocessed Chuditch 3D seismic data....
· Best case aggregate gross Gas-In-Place estimate of approximately 5,500 BCF versus an equivalent estimate of 3,889 BCF prior to 3D seismic data reprocessing
· Best case Recoverable Resource estimate of 3,625 BCF, using preliminary gas recovery factors of between 50% and 75%, versus an equivalent estimate of 2,924 BCF prior to 3D seismic data reprocessing
· Chuditch-1 gas discovery best case Recoverable Resource estimate of 1,350 BCF is materially larger and may independently represent a Liquefied Natural Gas ("LNG") scale resource...
· Chuditch SW prospect Gas-In-Place estimate has increased, but greater structural complexity may imply a lower recovery factor...
Mapping indicates a greater concentration of resources into the Chuditch-1 discovery in a simplified and robust structure with relatively high gas recovery expected....[originally 713bcf but 405bcf Chudutch West now merged into it]
Consultancy group ERCE has been engaged to prepare a CPR to provide an independent validation of Baron's internal resource estimates to a SPE PRMS compliant standard...
Baron will hold an investor webinar for existing and potential shareholders at 6.00 p.m. (London time) on 26 October 2022.
[Shell found gas at Chuditch in 1998, but it wasn't the time, they found 25m of pay in the flank, in water depth of 50-100m]

Today 07:00 Predator O&G Hldgs (PRD)
Operations update and Board Changes
https://www.investegate.co.uk/predator- ... 00097935D/
has executed a rig contract with Star Valley Drilling Ltd. to use its Rig 101, which successfully drilled and completed for rigless testing the MOU-1 gas discovery well, to drill the upcoming MOU-2 well in the Guercif Licence onshore northern Morocco...MOU-2 is a high impact/high reward well to test the range of Best Estimate and High Estimate net contingent gas resources to the Company of between 295 BCF to 708 BCF respectively...
A location for the MOU-NE well (now designated MOU-3) was finalised during the recent site visit...will test a 35km² area within a larger Jurassic oil prospect....
Thomas Evans is stepping down from the Board as a Non-executive Director with immediate effect to spend more time on his other existing commitments...Carl Kindinger has been appointed Non-executive Director with immediate effect. Carl is a former Non-executive Chairman of the Company who stepped down in 2020 to focus on family matters

Today 07:00 Petrel Resources PLC (PET)
Placing to Raise £250,000
https://www.investegate.co.uk/petrel-re ... 00097919D/
the company has arranged a placing with Monecor (London) Ltd trading as OvalX to raise £250,000 (before expenses) via the issue of 20,833,333 new ordinary shares (the "Placing Shares") at a placing price of 1.2p per Placing Share. Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 1.8p per new ordinary share for a period of two years....
Petrel had previously conducted a Technical Cooperation Agreement on the Merjan oil-field in west-central Iraq, in a 50% partnership....as of October 2022 a new administration is being formed.

Today 07:00 Mosman Oil & Gas (MSMN)
EP145 Prospective Resource Est - Helium & Hydrogen
https://www.investegate.co.uk/mosman-oi ... 00087886D/
a third-party technical report confirms that its 100% owned and operated permit EP 145 in Northern Territory, Australia has the essential ingredients for Helium and Hydrogen prospectivity, in addition to hydrocarbons....
Based on the Geognostics report, and data from other wells in the Amadeus basin, Mosman has estimated gross Prospective Resource volumes for hydrocarbons, helium, and hydrogen associated with the Walker Creek Anticline...[440bcf gas, 26.4 helium, 26.4 hydrogen]...
The ongoing exploration work programme on EP 145 is to acquire seismic prior to drilling an exploration well. Mosman has applied for the required regulatory and Central Land Council ("CLC") approvals. The CLC has conducted a site survey as a pre-requisite to land access approval for seismic acquisition.
[note this is the 100%-held EP145, not EP155 which is the one that their partner Georgina let the cat out of the bag on 27 September where Mosman are farming down to 10% of a claimed 910/111/102bcf of CH4/He/H2]

Today 07:00 Mosman Oil & Gas (MSMN)
Cinnabar Well Moving to Production
https://www.investegate.co.uk/mosman-oi ... 00087881D/
the Cinnabar development well in Tyler County, Texas has completed wireline logging, casing has been run and cemented, and operations are now progressing towards production....estimated 97 feet net pay in the Wilcox sands...Mosman owns a c.75% working interest in the Cinnabar well
[analogies with other wells suggest initial production of 150-200bopd]

Today 07:00 Zephyr Energy PLC (ZPHR)
Cooperation agreement and operations update
https://www.investegate.co.uk/zephyr-en ... 00097936D/
provides an update on operations and related investor webinar on its project in the Paradox Basin, Utah, U.S. (the "Paradox project") and announces the signing of a Cooperation Agreement with Kirkwood Oil and Gas LLC related to data sharing and planned joint drilling in the Paradox Basin....
The Company has completed all preparations needed to commence drilling the fully-funded State 36-2 LNW-CC well, pending receipt of the final Federal drilling permit. While Federal drilling permit approvals have slowed markedly across the entire U.S. domestic oil and gas industry, the Company remains confident it will be able to commence drilling in the near-term...the Company recently completed construction of the shared pad on which the State 36-2 LNW-CC and the State 36-3 LN-C9 wells will be located.... third well is expected to be drilled outside of the [White Sands Unit], and will be drilled in partnership with, and operated by, Kirkwood Oil and Gas LLC, the Paradox Basin's largest operator...
The State 16-2 LN-CC well was successfully drilled, completed and tested in late 2021, although rates were constrained throughout the production test due to surface equipment limitations...the wellbore has been re-entered to prepare for the commencement of the additional well test, currently envisioned to begin mid to late November 2022....
Zephyr and Kirkwood agree to co-operate and collaborate on the extension and further development of the Cane Creek play in Grand County, Utah - including the drilling of a new, Kirkwood-operated well....The Agreement allows for the sharing of certain proprietary data in order to assist both companies with the development of their individual acreage positions. In addition, the Agreement also allows for the planning and drilling of a 2-mile horizontal well targeting both Zephyr and Wesco held acreage. The planned well will be located in Grand County, Utah immediately to the south of the Wesco-operated Cane Creek Field...each party will hold a 50% working interest with all expenses shared pro-rata....
it has elected to delay the webinar until the State 36-2 LNW-CC Federal permit is granted and the rig contract awarded, so that the webinar can be as detailed, accurate and informative as possible.

Today 07:00 Union Jack Oil PLC (UJO)
Maiden Special Dividend, Share Buy-back Programme
https://www.investegate.co.uk/union-jac ... 00067728D/
is pleased to declare a Maiden Special Dividend, announce a Share Buyback Programme and confirm details of the Company's Capital Allocation and Distribution Policy...The Board declares a gross Maiden Special Dividend of 0.8 pence per Ordinary Share [2.8%]...
The Company will now implement a share buyback programme, funded from the Company's existing cash resources, and within the limitations of the authority granted by shareholders at the recent AGM...
· Maintaining a strong Balance Sheet which is debt free throughout the oil price cycle

Today 07:00 Trinity Exploration (TRIN)
Further Share Buyback
https://www.investegate.co.uk/trinity-e ... 00097902D/
it intends to conduct on-market purchases under a second share buyback programme (the "Programme") pursuant to the shareholder authorities obtained at the Company's last annual general meeting held on 29 June 2022 "AGM") to return up to US$ one million to shareholders of the Company.

Today 07:00 TomCo Energy PLC (TOM)
Partial Conversion of Convertible Loan Notes
https://www.investegate.co.uk/tomco-ene ... 00097907D/
has received a conversion notice from certain Convertible Loan subscribers to convert £162,500 principal amount of the second tranche of the Convertible Loan and the associated interest of £8,125 (5%), into new Ordinary Shares. Following this latest conversion, there is no principal amount outstanding under the Convertible Loan.

Today 07:00 Synergia Energy Ltd (SYN)
AGM - Notice of Meeting
https://www.investegate.co.uk/synergia- ... 00105544D/
its Annual General Meeting will be held on Wednesday, 23 November 2022 at 4pm AWST (Meeting) at PKF Perth Level 5, 35 Havelock Street, Perth, Western Australia.

Today 07:00 Global Petroleum Ltd (GBP)
Holding(s) in Company
https://www.investegate.co.uk/global-pe ... 00107910D/
On 20-Oct-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 8.22% to 7.668%.

Today 07:00 Southern Energy Corp (SOUC)
DIRECTOR/PDMR DEALING
https://www.investegate.co.uk/southern- ... 00107925D/
Non-exec buys £28k

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00077849D/
They bought back 750,000 shares at 128.06p = £960,450

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00097913D/
They bought back 35,000 shares at 70p = £24,500

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00097923D/
They bought back 14,721 shares at 24.8p = £3,651

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#541202

Postby Hallucigenia » October 25th, 2022, 12:13 pm

Another quiet day. Pantheon have started production testing at Alkaid #2 and have seen some oil but early days yet. Upland raise £310k at market price. Deltic will be drilling Pensacola in mid-November. We finally say goodbye to Lamprell.

Brent=$92.02(October)                WTI=$83.63(November,Brent-8.39)        Nymex gas=$5.17(October)
NBP =181p(October,Nymex+15.34) TTF=€98.995(November,Nymex+23.44) JKM=$31.290(December,Nymex+26.12)

Today 11:29 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 29550493E/
S.N.G.N. ROMGAZ S.A. reports the concluding of one new transaction with the affiliated party S.C. E.ON ENERGIE ROMANIA S.A.

Today 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00340421E/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +25.8% with a spike to +44%. Over the last 2 weeks it's soared +128.7% with a spike to +161%.

Today 11:00 Union Jack Oil PLC (UJO)
Price Monitoring Extension
https://www.investegate.co.uk/union-jac ... 00520424E/
https://uk.finance.yahoo.com/quote/UJO.L/chart
On the day it's jumped +10.9% with a spike to +18%. Over the last 2 weeks it's been in the usual range.

Today 11:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000PAFE8/
SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN (CFO)

Today 10:12 Oil and Gas Devt Co (OGDC)
Financial Results September 30, 2022
https://www.investegate.co.uk/oil-and-g ... 12550259E/
We are pleased to inform you that the Board of Directors of our Company in their meeting held on October 25, 2022 at 11:30 hours at Islamabad, have approved as follows: An Interim cash dividend for the quarter ended September 30, 2022 @ Rs 1.75/- per share

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00170124E/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +25.8% with a spike to +44%. Over the last 2 weeks it's soared +128.7% with a spike to +161%.

Today 08:32 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 32490103E/
On 20-Oct-2022, Bank of America Corporation reduced from 15.426% to 12.419%, mostly by unwinding swaps.

Today 08:16 Oil and Gas Devt Co (OGDC)
Resolutions 25th AGM held on Oct 25, 2022
https://www.investegate.co.uk/oil-and-g ... 16300097E/
the following resolutions have been passed by the shareholders in the Annual General Meeting held on October 25, 2022

Today 08:00 Official List ()
Removal - Lamprell plc
https://www.investegate.co.uk/official- ... 00018967D/
The Financial Conduct Authority ("the FCA") removes the securities set out below from the Official List effective from 25/10/2022 08:00:

Today 08:00 Stock Exch Notice ()
Cancellation - Lamprell Plc
https://www.investegate.co.uk/stock-exc ... 00019005D/
At the request of the Company the following securities have been cancelled from admission to trading on London Stock Exchange with effect from the time and date of this notice.

Today 07:46 TotalEnergies SE (TTE)
TotalEnergies Reaches 500 MW of Onsite B2B Solar Distributed Generation for the Self-consumption of its Customers Worldwide
https://www.investegate.co.uk/totalener ... 4600Z0809/
today it reached the milestone of 500 MW of onsite B2B solar distributed generation in operation. More than 300 sites of its industrial and commercial customers have been equipped with solar panels in Asia, the Middle East, Europe and the United States.

Today 07:10 Upland Resources Ltd (UPL)
Capital Raise to Progress Sarawak Initiatives
https://www.investegate.co.uk/upland-re ... 10570023E/
it has raised £310,000 (before expenses) via a placing of new ordinary shares of no par value in the Company. The fundraise was completed at zero discount to the closing bid price on 25th October 2022 and was arranged by Optiva Securities Limited. One director (Bolhassan Di) and management have subscribed for a total of £50,000 in the fundraise. These funds will be used to progress activities in Sarawak on Block SK334 including completion of the Joint Technical Study aimed at de-risking petroleum system elements and upgrading understanding of the prospectivity of Block SK344

Today 07:00 Pantheon Resources (PANR)
Operational Update, Alkaid #2 Well
https://www.investegate.co.uk/pantheon- ... 00069456D/
Production testing operations at Alkaid #2 have commenced with the well in the clean-up phase and showing positive early indications of oil production from the reservoir...Alkaid #2 has produced initial fluid flow with rates in the thousands of barrels per day, including a strong sand production response which the Company will address to ensure sand is not restricting the wellbore. Pantheon is awaiting delivery of a coiled tubing unit to clean out the well bore prior to recommencement of flow test operations.

Today 07:00 Deltic Energy PLC (DELT)
Pensacola Drilling Update
https://www.investegate.co.uk/deltic-en ... 00069489D/
Shell UK Ltd ("Shell"), the Operator of Licence P2252, has indicated that the preparations are now underway to move the Maersk Resilient drilling rig to the Pensacola location and mobilisation is planned to occur in early November with the well expected to commence drilling in mid-November.

Today 07:00 Prospex Energy PLC (PXEN)
Conversion of Warrants Generates £80,000
https://www.investegate.co.uk/prospex-e ... 00059451D/
it has received notices for the exercise of warrants to subscribe for 2,666,666 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued pursuant to warrant agreements dated 23 February 2022 which related to a placing announced by the Company in March 2021. The exercise price is 3 pence per warrant exercised, therefore generating proceeds of £79,999.98 for the Company.

Today 07:00 Diversified Energy (DEC)
Transaction in Own Shares
https://www.investegate.co.uk/diversifi ... 00059439D/
They bought back 475,000 shares at 128.05p = £608,238

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00069465D/
They bought back 50,000 shares at 69.9p = £34,950

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00069472D/
They bought back 58,678 shares at 24.8p = £14,552

Yesterday 17:20 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 20459341D/
They bought back 11,021,823 shares at 466.944p = £51,465,755

Yesterday 16:36 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 36319266D/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's dropped -33.3% with a high of +46% and a low of -40%. Over the last 2 weeks it's jumped +72% with a spike to +276%.

Yesterday 16:35 Mosman Oil & Gas (MSMN)
Price Monitoring Extension
https://www.investegate.co.uk/mosman-oi ... 35529258D/
https://uk.finance.yahoo.com/quote/MSMN.L/chart
On the day it's soared +46.2% with a spike to +83%. Over the last 2 weeks it's jumped +30.1% with a spike to +63%.


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