Rest of Friday, PressureTech shareholders approving their fundraising was the only item of vague note.
Today 18:05 Energean PLC (ENOG)
TR-1: Notification of Major Shareholdings
https://www.investegate.co.uk/energean- ... 05015066I/
On 02-Dec-2022, Standard Life Assurance Limited (Edinburgh, UK) reduced from 3.26% to 0.084%.
Today 18:00 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0042H0231/
They bought back 1,592,517 shares at £23.630 = £37,630,590 and 1,448,421 shares at €27.585 = £34,252,128 for a total of £71,882,718
Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00005019I/
They bought back 791,316 shares at 309.2p = £2,446,749
Today 17:01 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 01525024I/
They bought back 40,000 shares at 109p = £43,600
Today 16:36 Igas Energy PLC (IGAS)
Price Monitoring Extension
https://www.investegate.co.uk/igas-ener ... 36314990I/
https://uk.finance.yahoo.com/quote/IGAS.L/chart
On the day it's down 9.7%. Over the last 2 weeks it's been in the usual range.
Today 13:52 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 52434833I/
On 01-Dec-2022, Societe Generale reduced from 5.2198% to 4.247%.
Today 13:20 PressureTechnologies (PRES)
Result of General Meeting
https://www.investegate.co.uk/pressuret ... 20014809I/
at its General Meeting held earlier today in connection with the proposed Fundraising to raise gross proceeds of £2.28 million, all resolutions were duly passed.[97.55%]
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Wasron,jfgw,Rhyd6,eyeball08,Wondergirly, for Donating to support the site
Hal's oily roundup
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Big excitement is Maurel&Prom grabbing the rest of Mnazi Bay with a cash offer for Wentworth at 30% premium.
Long-suffering PetroMatad shareholders see a 20% bounce on an update, hopefully they will be able to progress Heron in the spring and Velociraptor later in next year, they're also applying for more blocks.
North Eigg is non-commercial for Serica but they may sidetrack. Production going well for them, hinting at an acquisition but probably outside UK.
Angus make sluggish progress on the Saltfleetby sidetrack but still hope to report something before Christmas.
Total sign an MoU with Air France for 800,000t of sustainable aviation fuel. Kino extend their convertible by 5 months.
Today 09:20 Kibo Energy PLC (KIBO)
Convertible Instrument Redemption Date Extension
https://www.investegate.co.uk/kibo-ener ... 20015853I/
further to the RNS dated 4 July 2022, the Company has agreed a further extension of five months months (from the 30 September 2022) for the Redemption Date of the Convertible Instrument, with all Noteholders (the "Further Extension"). The new extended Redemption Date will now be 28 February 2023.
Today 08:42 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 42215816I/
On 30-Nov-2022, Bank of America Corporation increased from 8.445% to 9.173% and adjusted their shares vs other formats.
Today 08:37 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 37055810I/
On 30-Nov-2022, The Goldman Sachs Group, Inc. reduced from 11.014% to 0.166%. [that's 10.85% of the company they'd held indirectly]
Today 08:13 TotalEnergies SE (TTE)
TotalEnergies and Air France-KLM Sign a Memorandum of Understanding to Supply Sustainable Aviation Fuel for 10 Years
https://www.investegate.co.uk/totalener ... 1300Z3203/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air France-KLM have today signed a Memorandum of Understanding (MoU) for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel (SAF) by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023.....Air France-KLM Group and TotalEnergies have been collaborating on the use of sustainable aviation fuel for nearly 10 years.
Today 07:00 Wentworth Resources (WEN)
Recommended Cash Acquisition
https://www.investegate.co.uk/wentworth ... 00045714I/
Wentworth Resources plc (" Wentworth ") and Etablissements Maurel & Prom S.A. (" M&P ") are pleased to announce that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P... for each Wentworth Share: 32.5 pence in cash
· The Acquisition values the entire issued and to be issued ordinary share capital of Wentworth at approximately £61.7 million. This represents a premium of approximately 30.0 per cent. to the closing price of 25.0 pence
Wentworth's sole non-cash asset is its non-operated 31.94% (direct and indirect) interest in the Mnazi Bay gas asset in Tanzania. As the majority owner [48.06%, TPDC have 20%] and operator of the Mnazi Bay gas asset, M&P is familiar with and has a good understanding of the value of the Mnazi Bay asset and accordingly of Wentworth.
Today 07:00 Angus Energy PLC (ANGS)
Saltfleetby Sidetrack Drilling Progress Update
https://www.investegate.co.uk/angus-ene ... 00045194I/
despite relatively slow progress in casing and cementing, it expects to resume drilling into the open hole section of the reservoir in the early part of next week with well clean up operations set to commence on or around 16th December shortly followed by well testing.
Today 07:00 Petro Matad Ltd (MATD)
Operational Update
https://www.investegate.co.uk/petro-mat ... 00045207I/
· Progress being made to register the Block XX Exploitation Area as special purpose land [unlikely to be in a position to operate on the Heron development until the spring of 2023]
· Mongolia announces 14 blocks available in a new Exploration Tender. Petro Matad plans to participate and exploit its competitive advantage as the country's leading explorer
· Negotiations with DQE Drilling in their final stages for a multi-well development drilling contract...
The Company is now looking at its options and the availability of equipment to drill Velociraptor 1 on Block V in 2023....
Petro Matad continues to explore opportunities in the renewables space following Board approval to do so in 2021....The Company will participate in the London South East webinar on 6 December
[up 20%]
Today 07:00 Serica Energy PLC (SQZ)
Operations Update
https://www.investegate.co.uk/serica-en ... 00045220I/
The North Eigg exploration well 3/24c-6B has been drilled to a total depth of 16,728 feet in the Jurassic Heather formation and initial analysis indicates that, whilst the well has encountered hydrocarbons, commercial quantities have not yet been established. At the well location, the objective sands were thinner than had been prognosed but a total of 16 feet of hydrocarbon-bearing sands were encountered, and these have confirmed the presence of hydrocarbons at a deeper depth than in the adjacent producing Rhum field....Final well costs will not be known until after the rig is off hire, but it is likely that the net after tax cost of the well to Serica will be around £13 million....
[November production 28,977boepd, +37% since July]
Serica's net production YTD has averaged 25,955 boe/d and full year 2022 production is expected to be within the existing guidance range of 26,000 to 28,000 boe/d. Serica's production continues to be more than 85% gas....
the company has not entered into any new gas price hedging since July 2021 and has no immediate plans to do so. Serica continues to hold a modest remaining hedging programme with less than 20% of gas production covered in the second half of 2022, thereby allowing the company to benefit from full market prices on over 80% of its production. The existing gas hedges will reduce to zero during the next twelve months....
The recent action by the UK Government to increase the marginal rate of tax on the UK Upstream Oil & Gas sector to 75% with no floor to prices, will make it challenging for the industry to invest in new longer-term UKCS projects. Nevertheless, we remain committed to expanding our portfolio through M&A....While we believe in the importance of the UK Oil & Gas sector, we are now considering opportunities in other countries alongside those in the UK as we continue to seek to expand our portfolio and create value for all of our stakeholders
[down 7%]
Today 07:00 Chariot Limited (CHAR)
Notice of investor webcast
https://www.investegate.co.uk/chariot-l ... 00045170I/
Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, will host an audio webcast at 10am UK on 12 December 2022, during which management will give a comprehensive corporate update.
Today 07:00 Caspian Sunrise plc (CASP)
Second Monthly Dividend Declaration
https://www.investegate.co.uk/caspian-s ... 00042456I/
the Company's December dividend, its second monthly dividend, will total £1 million (approximately $1.21 million) and will be paid as follows:
Dividend: 0.0444 pence/share
Today 07:00 Shell plc (SHEL)
Shell Plc Third Quarter 2022 Euro and Gbp Equivalent Dividend Payments
https://www.investegate.co.uk/shell-plc ... 0000H0384/
Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 25, 2022 will be entitled to a dividend of US$0.25, €0.2398 or 20.61p per ordinary share, respectively.
Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00025133I/
They bought back 10,242,504 shares at 480.628p = £49,228,369
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00045231I/
They bought back 90,000 shares at 69.92p = £62,928
Long-suffering PetroMatad shareholders see a 20% bounce on an update, hopefully they will be able to progress Heron in the spring and Velociraptor later in next year, they're also applying for more blocks.
North Eigg is non-commercial for Serica but they may sidetrack. Production going well for them, hinting at an acquisition but probably outside UK.
Angus make sluggish progress on the Saltfleetby sidetrack but still hope to report something before Christmas.
Total sign an MoU with Air France for 800,000t of sustainable aviation fuel. Kino extend their convertible by 5 months.
Brent=$87.56(December) WTI=$81.97(December,Brent-5.59) Nymex gas=$5.77(December)
NBP =338.5p(December,Nymex+35.70) TTF=€135.500(January,Nymex+36.18) JKM=$31.760(January,Nymex+25.99)
Today 09:20 Kibo Energy PLC (KIBO)
Convertible Instrument Redemption Date Extension
https://www.investegate.co.uk/kibo-ener ... 20015853I/
further to the RNS dated 4 July 2022, the Company has agreed a further extension of five months months (from the 30 September 2022) for the Redemption Date of the Convertible Instrument, with all Noteholders (the "Further Extension"). The new extended Redemption Date will now be 28 February 2023.
Today 08:42 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 42215816I/
On 30-Nov-2022, Bank of America Corporation increased from 8.445% to 9.173% and adjusted their shares vs other formats.
Today 08:37 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 37055810I/
On 30-Nov-2022, The Goldman Sachs Group, Inc. reduced from 11.014% to 0.166%. [that's 10.85% of the company they'd held indirectly]
Today 08:13 TotalEnergies SE (TTE)
TotalEnergies and Air France-KLM Sign a Memorandum of Understanding to Supply Sustainable Aviation Fuel for 10 Years
https://www.investegate.co.uk/totalener ... 1300Z3203/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air France-KLM have today signed a Memorandum of Understanding (MoU) for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel (SAF) by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023.....Air France-KLM Group and TotalEnergies have been collaborating on the use of sustainable aviation fuel for nearly 10 years.
Today 07:00 Wentworth Resources (WEN)
Recommended Cash Acquisition
https://www.investegate.co.uk/wentworth ... 00045714I/
Wentworth Resources plc (" Wentworth ") and Etablissements Maurel & Prom S.A. (" M&P ") are pleased to announce that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P... for each Wentworth Share: 32.5 pence in cash
· The Acquisition values the entire issued and to be issued ordinary share capital of Wentworth at approximately £61.7 million. This represents a premium of approximately 30.0 per cent. to the closing price of 25.0 pence
Wentworth's sole non-cash asset is its non-operated 31.94% (direct and indirect) interest in the Mnazi Bay gas asset in Tanzania. As the majority owner [48.06%, TPDC have 20%] and operator of the Mnazi Bay gas asset, M&P is familiar with and has a good understanding of the value of the Mnazi Bay asset and accordingly of Wentworth.
Today 07:00 Angus Energy PLC (ANGS)
Saltfleetby Sidetrack Drilling Progress Update
https://www.investegate.co.uk/angus-ene ... 00045194I/
despite relatively slow progress in casing and cementing, it expects to resume drilling into the open hole section of the reservoir in the early part of next week with well clean up operations set to commence on or around 16th December shortly followed by well testing.
Today 07:00 Petro Matad Ltd (MATD)
Operational Update
https://www.investegate.co.uk/petro-mat ... 00045207I/
· Progress being made to register the Block XX Exploitation Area as special purpose land [unlikely to be in a position to operate on the Heron development until the spring of 2023]
· Mongolia announces 14 blocks available in a new Exploration Tender. Petro Matad plans to participate and exploit its competitive advantage as the country's leading explorer
· Negotiations with DQE Drilling in their final stages for a multi-well development drilling contract...
The Company is now looking at its options and the availability of equipment to drill Velociraptor 1 on Block V in 2023....
Petro Matad continues to explore opportunities in the renewables space following Board approval to do so in 2021....The Company will participate in the London South East webinar on 6 December
[up 20%]
Today 07:00 Serica Energy PLC (SQZ)
Operations Update
https://www.investegate.co.uk/serica-en ... 00045220I/
The North Eigg exploration well 3/24c-6B has been drilled to a total depth of 16,728 feet in the Jurassic Heather formation and initial analysis indicates that, whilst the well has encountered hydrocarbons, commercial quantities have not yet been established. At the well location, the objective sands were thinner than had been prognosed but a total of 16 feet of hydrocarbon-bearing sands were encountered, and these have confirmed the presence of hydrocarbons at a deeper depth than in the adjacent producing Rhum field....Final well costs will not be known until after the rig is off hire, but it is likely that the net after tax cost of the well to Serica will be around £13 million....
[November production 28,977boepd, +37% since July]
Serica's net production YTD has averaged 25,955 boe/d and full year 2022 production is expected to be within the existing guidance range of 26,000 to 28,000 boe/d. Serica's production continues to be more than 85% gas....
the company has not entered into any new gas price hedging since July 2021 and has no immediate plans to do so. Serica continues to hold a modest remaining hedging programme with less than 20% of gas production covered in the second half of 2022, thereby allowing the company to benefit from full market prices on over 80% of its production. The existing gas hedges will reduce to zero during the next twelve months....
The recent action by the UK Government to increase the marginal rate of tax on the UK Upstream Oil & Gas sector to 75% with no floor to prices, will make it challenging for the industry to invest in new longer-term UKCS projects. Nevertheless, we remain committed to expanding our portfolio through M&A....While we believe in the importance of the UK Oil & Gas sector, we are now considering opportunities in other countries alongside those in the UK as we continue to seek to expand our portfolio and create value for all of our stakeholders
[down 7%]
Today 07:00 Chariot Limited (CHAR)
Notice of investor webcast
https://www.investegate.co.uk/chariot-l ... 00045170I/
Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, will host an audio webcast at 10am UK on 12 December 2022, during which management will give a comprehensive corporate update.
Today 07:00 Caspian Sunrise plc (CASP)
Second Monthly Dividend Declaration
https://www.investegate.co.uk/caspian-s ... 00042456I/
the Company's December dividend, its second monthly dividend, will total £1 million (approximately $1.21 million) and will be paid as follows:
Dividend: 0.0444 pence/share
Today 07:00 Shell plc (SHEL)
Shell Plc Third Quarter 2022 Euro and Gbp Equivalent Dividend Payments
https://www.investegate.co.uk/shell-plc ... 0000H0384/
Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by November 25, 2022 will be entitled to a dividend of US$0.25, €0.2398 or 20.61p per ordinary share, respectively.
Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00025133I/
They bought back 10,242,504 shares at 480.628p = £49,228,369
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00045231I/
They bought back 90,000 shares at 69.92p = £62,928
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
RNS went strangely quiet late morning which I'm sure had nothing to do with the Very Exciting cricket - well done England. But here's the rest of Monday, the main news is Star Phoenix' arbitration lawyers resigning due to "a broken-down relationship of trust between the two parties". Get the popcorn...
Yesterday 18:16 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 16016605I/
On 01-Dec-2022, Bank of America Corporation reduced from 13.31% to 13.045%.
Yesterday 18:15 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 15006602I/
On 30-Nov-2022, Bank of America Corporation increased from 13.201% to 13.31%.
Yesterday 18:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0351H0608/
They bought back 1,222,817 shares at £23.812 = £29,117,234 and 1,709,102 shares at €27.682 = £40,729,284 for a total of £69,846,518
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00006575I/
They bought back 700,000 shares at 313.784p = £2,196,488
Yesterday 17:50 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 50066657I/
They bought back 10,419,149 shares at 484.554p = £50,486,385
Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z3605/
They bought back 3,789,877 shares at an average of €58.841 = £191,978,124
Yesterday 16:41 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on January 12, 2023
https://www.investegate.co.uk/s.n.g.n.- ... 41416550I/
the Ordinary General Meeting of Shareholders (OGMS) on January 12, 2023, at 1:00 pm (Romania Time at the SNGN ROMGAZ SA working point located in Bucharest, Sector 1, 59 Grigore Alexandrescu Street, 5th floor
Yesterday 15:50 ACP Energy PLC (ACPE)
Resignation of Auditor
https://www.investegate.co.uk/acp-energ ... 50526441I/
Jeffreys Henry LLP have notified the Company of their resignation as auditor of the Company. Jeffreys Henry LLP has advised the Company that it has decided to withdraw from the Public lnterest Entity ("PIE") audit market. ACP Energy is classified as a PIE due to its Standard Listing on the London Stock Exchange's Main Market.
Yesterday 15:19 Star Phoenix Group (STA)
TERMINATION OF CONDITIONAL FEE AGREEMENT
https://www.investegate.co.uk/star-phoe ... 19336406I/
announced on 4 June 2021 that the Company reached a conditional fee agreement (the "CFA") with Dentons UK and Middle East LLP ("Dentons") based on a no-win no-fee business model to recover the outstanding sums due from LandOcean through arbitration proceedings against LandOcean in the London Court of International Arbitration...Regrettably, on 2 December 2022, the Company received a notice letter written by Dentons to terminate the CFA with immediate effect, citing mainly a broken-down relationship of trust between the two parties. The Company does not agree with the assertions in relation to the termination of CFA.
Yesterday 15:01 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 01256375I/
On 30-Nov-2022, Kite Lake Capital Management (UK) LLP increased from 7.014% to 7.393% and adjusted their shares vs other formats.
Yesterday 18:16 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 16016605I/
On 01-Dec-2022, Bank of America Corporation reduced from 13.31% to 13.045%.
Yesterday 18:15 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 15006602I/
On 30-Nov-2022, Bank of America Corporation increased from 13.201% to 13.31%.
Yesterday 18:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0351H0608/
They bought back 1,222,817 shares at £23.812 = £29,117,234 and 1,709,102 shares at €27.682 = £40,729,284 for a total of £69,846,518
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00006575I/
They bought back 700,000 shares at 313.784p = £2,196,488
Yesterday 17:50 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 50066657I/
They bought back 10,419,149 shares at 484.554p = £50,486,385
Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z3605/
They bought back 3,789,877 shares at an average of €58.841 = £191,978,124
Yesterday 16:41 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on January 12, 2023
https://www.investegate.co.uk/s.n.g.n.- ... 41416550I/
the Ordinary General Meeting of Shareholders (OGMS) on January 12, 2023, at 1:00 pm (Romania Time at the SNGN ROMGAZ SA working point located in Bucharest, Sector 1, 59 Grigore Alexandrescu Street, 5th floor
Yesterday 15:50 ACP Energy PLC (ACPE)
Resignation of Auditor
https://www.investegate.co.uk/acp-energ ... 50526441I/
Jeffreys Henry LLP have notified the Company of their resignation as auditor of the Company. Jeffreys Henry LLP has advised the Company that it has decided to withdraw from the Public lnterest Entity ("PIE") audit market. ACP Energy is classified as a PIE due to its Standard Listing on the London Stock Exchange's Main Market.
Yesterday 15:19 Star Phoenix Group (STA)
TERMINATION OF CONDITIONAL FEE AGREEMENT
https://www.investegate.co.uk/star-phoe ... 19336406I/
announced on 4 June 2021 that the Company reached a conditional fee agreement (the "CFA") with Dentons UK and Middle East LLP ("Dentons") based on a no-win no-fee business model to recover the outstanding sums due from LandOcean through arbitration proceedings against LandOcean in the London Court of International Arbitration...Regrettably, on 2 December 2022, the Company received a notice letter written by Dentons to terminate the CFA with immediate effect, citing mainly a broken-down relationship of trust between the two parties. The Company does not agree with the assertions in relation to the termination of CFA.
Yesterday 15:01 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 01256375I/
On 30-Nov-2022, Kite Lake Capital Management (UK) LLP increased from 7.014% to 7.393% and adjusted their shares vs other formats.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Gran Tierra continue to churn out solid results. Ashtead buy another rental company for £20m at 4.9x EBITDA. Touchstone launch a £9m placing "for general purposes" at 13% discount. Zenith's Italian electricity remains solid and stupidly profitable. Scirocco get an important piece of paper for the Ruvuma sale but looks like it won't complete until after Christmas.
UOG spud ASW-1X which could open up another chunk of their Egypt licence. Echo successfully reactivate 3 old wells. Blencowe are very happy with metellurgy results from their graphite project.
Today 16:25 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 25248070I/
On 06/12/2022, R S & C A JENNINGS & RELATED PARTY ALIGH RESEARCH INVESTMENTS LTD reduced from 9.81% to 8.72%.
Today 16:20 Global Petroleum Ltd (GBP)
Issue of Incentive Options to Director
https://www.investegate.co.uk/global-pe ... 20028065I/
The Company has granted [6m] incentive options over the Company's ordinary shares to the CEO as detailed below. The incentive options are exercisable at a price of 0.415 pence per share, being a 15 per cent premium
Today 15:49 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 4900Z4300/
TotalEnergies SE has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”).
Today 11:02 Zenith Energy Ltd (ZEN)
Italian Electricity Production - November 2022
https://www.investegate.co.uk/zenith-en ... 02207687I/
During the month of November 2022, the Company produced a total of approximately 983 megawatt hours ("MWh").
Electricity prices during the month of November 2022 averaged approximately EUR 213 per MWh, resulting in net revenues of approximately EUR 209,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.
[production +2.8%, price +2.4% on October]
Electricity prices during the month of October 2022 averaged approximately EUR 208 per MWh
Today 10:49 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 49467665I/
On 05-Dec-2022, Societe Generale increased from 4.2466% to 6.246%.
Today 09:15 TotalEnergies SE (TTE)
First Progress Report on TotalEnergies Foundation's Call for Partners: 26 High Social Impact Projects Serving 55,000 Young People
https://www.investegate.co.uk/totalener ... 1500Z3906/
Since 2020, TotalEnergies Foundation's annual call for partners has given new associations an opportunity to present their projects in the area of Education & Inclusion. In September 2022, nine associations were selected as partners. They will benefit from support and financial backing. The Company has allocated a budget of €200 million to TotalEnergies Foundation for 2023-2027, with a priority on youth.
Today 09:05 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 05557386I/
On 01-Dec-2022, JPMorgan Chase & Co. reduced from 7.334% to 7.031%.
Today 09:00 BP PLC (BP.)
Payment of dividends in sterling
https://www.investegate.co.uk/bp-plc--b ... 00016535I/
US$0.36036 per ADS...the amount of sterling dividend payable in cash on 16 December 2022 will be: 4.9402 pence per share.
Today 08:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48047371I/
On 02-Dec-2022, Bank of America Corporation reduced from 8.817% to 7.921%.
Today 08:42 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 42457369I/
On 06-Dec-2022, David and Monique Newlands increased from 0% to 4.94%.
Today 08:33 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 33537364I/
On 01-Dec-2022, Bank of America Corporation reduced from 9.173% to 8.817%.
Today 07:00 Touchstone Explrtn. (TXP)
CANADIAN PRIVATE PLACEMENT & PROPOSED UK PLACING
https://www.investegate.co.uk/touchston ... 00087268I/
the Company launched a private placement in Canada (the "Canadian Private Placement") at 5 p.m. EST on December 5, 2022 to raise a minimum of C$7.5 million (approximately US$5.5 million and £4.5 million) up to a maximum of C$10 million (approximately US$7.4 million and £6.1 million) at a price of C$0.90 (approximately 54.5 pence)...The Company further announces a proposed placing in the UK (the "UK Placing") to raise approximately US$5.5 million (approximately £4.5 million and C$7.4 million) through the issue of Common Shares (as defined below) of no par value (the "UK Placing Shares") with institutional and other investors in the United Kingdom at a price of 54.5 pence per UK Placing Share
[was 63p, off 10%]
Today 07:00 Ashtead Tech Hldgs (AT.)
Acquisition of Hiretech
https://www.investegate.co.uk/ashtead-t ... 00086773I/
the acquisition of the entire share capital of Hiretech Limited ("Hiretech") for a total consideration of £20m on a cash and debt free basis. Established in 2011, Hiretech is a management owned, Aberdeenshire-based equipment rental, service and maintenance company serving the international offshore renewables, decommissioning, and conventional energy markets....Hiretech generated revenues of £6.5m, EBITDA of £4.1m and EBITA of £3.4m for the twelve-month period to October 2022....
the Group has increased its revolving credit facility ("RCF") by £20m with its existing banking partners. As a result, the Group now has access to a total RCF of £60m, increased from the £40m facility put in place at IPO, which has also been extended for a further 12 months to November 2025 to facilitate future strategic investments and initiatives. The Board expects pro forma net debt/EBITDA to be less than 1.2x at year end.
Today 07:00 United Oil & Gas PLC (UOG)
Commencement of drilling ASW-1X exploration well
https://www.investegate.co.uk/united-oi ... 00056716I/
is pleased to announce the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence... This exploration well is the fifth and final well to spud in the 2022 drilling campaign and is targeting un-risked mean recoverable resources estimated by United at c. 8 mmbbls gross in multiple reservoirs.... The ASW-1X prospect has been de-risked by the HF36-5X discovery made in an adjacent block in 2020...potential to de-risk a number of other similar structures in this part of the licence
Today 07:00 Echo Energy PLC (ECHO)
Operations Update: Chorillos Well Reactivation
https://www.investegate.co.uk/echo-ener ... 00066726I/
an operational update regarding progress in the reactivation of three wells in the Chorillos field, announced by the Company on 10 November 2022....As previously announced, three candidate wells (Cho-10, Cho-13, Cho-19) had been offline for four years due to surface constraints and were identified for reactivation without use of the workover rig. Recently completed infrastructure upgrades had removed prior constraints, enabling these wells to be brought back into production.The Company is pleased to announce that operations to reactivate the three wells have now been successful and safely completed and each of the three wells is now producing oil through surface lines to a field-storage tank.
Today 07:00 Blencowe Resources (BRES)
Metallurgical Test Work Update
https://www.investegate.co.uk/blencowe- ... 00076770I/
additional metallurgical test work on its Orom-Cross graphite project in Northern Uganda has been completed...Blencowe is pleased to announce that all 5 objectives have been met or exceeded in this latest round of test work....The final concentrate graded 96.4% C(t) at 90.6% total carbon recovery which exceeded the company's expectations and places the end product recovered at the higher end of the spectrum in comparison to its peers.
Today 07:00 Scirocco Energy PLC (SCIR)
Ruvuma Divestment Update
https://www.investegate.co.uk/scirocco- ... 00066731I/
update on the divestment of the Ruvuma asset, where Scirocco has entered into an agreement to sell its 25% interest to ARA Petroleum Tanzania ("APT"). The Tanzanian Fair Competition Commission ("FCC") has now granted its unconditional approval for the transaction and issued the Company with the Merger Clearance Certificate....The Board now considers it more likely that completion will be achieved in Q1 2023 rather than December 2022 as previously guided, due to likely disruption around the upcoming festive period.
Today 07:00 Clean Power Hydrogen (CPH2)
Senior Management Team Strengthened
https://www.investegate.co.uk/clean-pow ... 00026403I/
Arash Selahi has been promoted to the position of Chief Operating Officer. Mr Selahi has been the Company's Head of Operations since May 2022
Today 07:00 EnQuest PLC (ENQ)
Chairman succession
https://www.investegate.co.uk/enquest-p ... 00086579I/
it has appointed Gareth Penny as Non-Executive Chairman of the Group with effect from 6 December 2022, replacing Martin Houston who will step down from the Board on the same day.....He is currently chairman of Ninety One Plc and Ltd [the former Investec Asset Management], having previously been chairman of Norilsk Nickel, Russia's largest diversified mining and metals company. Gareth also served on the board of Julius Baer Group for 12 years. Gareth has extensive experience in extractive industries, having spent 22 years with De Beers and Anglo American, the last five of which he was group chief executive officer of De Beers.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00076763I/
They bought back 62,500 shares at 69.92p = £43,700
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00066745I/
They bought back 35,000 shares at 25.9543p = £9,084
Yesterday 22:20 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Operational and Financial Update
https://www.investegate.co.uk/gran-tier ... 2000H8721/
The Company has recently drilled four independent prospects, two in Ecuador and two in Colombia. All four have produced oil from different reservoir zones. We believe these prospects may offer future development opportunities in 2023 and beyond.
In the Oriente Basin of Ecuador, we are particularly pleased with the results of the Charapa Norte-1 well, which is producing over 1,100 BOPD with virtually no water. We believe the Charapa Norte prospect offers future well locations that Gran Tierra could potentially drill in 2023, which would further delineate the Hollin Sand in the Charapa Block.
In the Putumayo Basin of Colombia, ongoing positive results from the Rose-1 well, which is producing about 300 BOPD and virtually no water, may indicate that there are potential future well locations in the ALEA-1848 Block that could also be drilled.
With fourth quarter-to-date 2022 total Company average production(1) of approximately 32,000 BOPD, and current total average production of about 33,000 BOPD, we look forward to finishing 2022 on a strong note. We are also excited about our 2023 development and exploration capital programs and potential future share and bond buybacks. We plan to issue a press release outlining our 2023 production and financial guidance on or around December 8, 2022.”
UOG spud ASW-1X which could open up another chunk of their Egypt licence. Echo successfully reactivate 3 old wells. Blencowe are very happy with metellurgy results from their graphite project.
Brent=$80.91(December) WTI=$75.39(December,Brent-5.52) Nymex gas=$5.47(December)
NBP =345p(December,Nymex+36.76) TTF=€139.250(January,Nymex+37.47) JKM=$33.185(January,Nymex+27.72)
Today 16:25 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 25248070I/
On 06/12/2022, R S & C A JENNINGS & RELATED PARTY ALIGH RESEARCH INVESTMENTS LTD reduced from 9.81% to 8.72%.
Today 16:20 Global Petroleum Ltd (GBP)
Issue of Incentive Options to Director
https://www.investegate.co.uk/global-pe ... 20028065I/
The Company has granted [6m] incentive options over the Company's ordinary shares to the CEO as detailed below. The incentive options are exercisable at a price of 0.415 pence per share, being a 15 per cent premium
Today 15:49 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 4900Z4300/
TotalEnergies SE has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”).
Today 11:02 Zenith Energy Ltd (ZEN)
Italian Electricity Production - November 2022
https://www.investegate.co.uk/zenith-en ... 02207687I/
During the month of November 2022, the Company produced a total of approximately 983 megawatt hours ("MWh").
Electricity prices during the month of November 2022 averaged approximately EUR 213 per MWh, resulting in net revenues of approximately EUR 209,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.
[production +2.8%, price +2.4% on October]
Electricity prices during the month of October 2022 averaged approximately EUR 208 per MWh
Today 10:49 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 49467665I/
On 05-Dec-2022, Societe Generale increased from 4.2466% to 6.246%.
Today 09:15 TotalEnergies SE (TTE)
First Progress Report on TotalEnergies Foundation's Call for Partners: 26 High Social Impact Projects Serving 55,000 Young People
https://www.investegate.co.uk/totalener ... 1500Z3906/
Since 2020, TotalEnergies Foundation's annual call for partners has given new associations an opportunity to present their projects in the area of Education & Inclusion. In September 2022, nine associations were selected as partners. They will benefit from support and financial backing. The Company has allocated a budget of €200 million to TotalEnergies Foundation for 2023-2027, with a priority on youth.
Today 09:05 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 05557386I/
On 01-Dec-2022, JPMorgan Chase & Co. reduced from 7.334% to 7.031%.
Today 09:00 BP PLC (BP.)
Payment of dividends in sterling
https://www.investegate.co.uk/bp-plc--b ... 00016535I/
US$0.36036 per ADS...the amount of sterling dividend payable in cash on 16 December 2022 will be: 4.9402 pence per share.
Today 08:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48047371I/
On 02-Dec-2022, Bank of America Corporation reduced from 8.817% to 7.921%.
Today 08:42 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 42457369I/
On 06-Dec-2022, David and Monique Newlands increased from 0% to 4.94%.
Today 08:33 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 33537364I/
On 01-Dec-2022, Bank of America Corporation reduced from 9.173% to 8.817%.
Today 07:00 Touchstone Explrtn. (TXP)
CANADIAN PRIVATE PLACEMENT & PROPOSED UK PLACING
https://www.investegate.co.uk/touchston ... 00087268I/
the Company launched a private placement in Canada (the "Canadian Private Placement") at 5 p.m. EST on December 5, 2022 to raise a minimum of C$7.5 million (approximately US$5.5 million and £4.5 million) up to a maximum of C$10 million (approximately US$7.4 million and £6.1 million) at a price of C$0.90 (approximately 54.5 pence)...The Company further announces a proposed placing in the UK (the "UK Placing") to raise approximately US$5.5 million (approximately £4.5 million and C$7.4 million) through the issue of Common Shares (as defined below) of no par value (the "UK Placing Shares") with institutional and other investors in the United Kingdom at a price of 54.5 pence per UK Placing Share
[was 63p, off 10%]
Today 07:00 Ashtead Tech Hldgs (AT.)
Acquisition of Hiretech
https://www.investegate.co.uk/ashtead-t ... 00086773I/
the acquisition of the entire share capital of Hiretech Limited ("Hiretech") for a total consideration of £20m on a cash and debt free basis. Established in 2011, Hiretech is a management owned, Aberdeenshire-based equipment rental, service and maintenance company serving the international offshore renewables, decommissioning, and conventional energy markets....Hiretech generated revenues of £6.5m, EBITDA of £4.1m and EBITA of £3.4m for the twelve-month period to October 2022....
the Group has increased its revolving credit facility ("RCF") by £20m with its existing banking partners. As a result, the Group now has access to a total RCF of £60m, increased from the £40m facility put in place at IPO, which has also been extended for a further 12 months to November 2025 to facilitate future strategic investments and initiatives. The Board expects pro forma net debt/EBITDA to be less than 1.2x at year end.
Today 07:00 United Oil & Gas PLC (UOG)
Commencement of drilling ASW-1X exploration well
https://www.investegate.co.uk/united-oi ... 00056716I/
is pleased to announce the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence... This exploration well is the fifth and final well to spud in the 2022 drilling campaign and is targeting un-risked mean recoverable resources estimated by United at c. 8 mmbbls gross in multiple reservoirs.... The ASW-1X prospect has been de-risked by the HF36-5X discovery made in an adjacent block in 2020...potential to de-risk a number of other similar structures in this part of the licence
Today 07:00 Echo Energy PLC (ECHO)
Operations Update: Chorillos Well Reactivation
https://www.investegate.co.uk/echo-ener ... 00066726I/
an operational update regarding progress in the reactivation of three wells in the Chorillos field, announced by the Company on 10 November 2022....As previously announced, three candidate wells (Cho-10, Cho-13, Cho-19) had been offline for four years due to surface constraints and were identified for reactivation without use of the workover rig. Recently completed infrastructure upgrades had removed prior constraints, enabling these wells to be brought back into production.The Company is pleased to announce that operations to reactivate the three wells have now been successful and safely completed and each of the three wells is now producing oil through surface lines to a field-storage tank.
Today 07:00 Blencowe Resources (BRES)
Metallurgical Test Work Update
https://www.investegate.co.uk/blencowe- ... 00076770I/
additional metallurgical test work on its Orom-Cross graphite project in Northern Uganda has been completed...Blencowe is pleased to announce that all 5 objectives have been met or exceeded in this latest round of test work....The final concentrate graded 96.4% C(t) at 90.6% total carbon recovery which exceeded the company's expectations and places the end product recovered at the higher end of the spectrum in comparison to its peers.
Today 07:00 Scirocco Energy PLC (SCIR)
Ruvuma Divestment Update
https://www.investegate.co.uk/scirocco- ... 00066731I/
update on the divestment of the Ruvuma asset, where Scirocco has entered into an agreement to sell its 25% interest to ARA Petroleum Tanzania ("APT"). The Tanzanian Fair Competition Commission ("FCC") has now granted its unconditional approval for the transaction and issued the Company with the Merger Clearance Certificate....The Board now considers it more likely that completion will be achieved in Q1 2023 rather than December 2022 as previously guided, due to likely disruption around the upcoming festive period.
Today 07:00 Clean Power Hydrogen (CPH2)
Senior Management Team Strengthened
https://www.investegate.co.uk/clean-pow ... 00026403I/
Arash Selahi has been promoted to the position of Chief Operating Officer. Mr Selahi has been the Company's Head of Operations since May 2022
Today 07:00 EnQuest PLC (ENQ)
Chairman succession
https://www.investegate.co.uk/enquest-p ... 00086579I/
it has appointed Gareth Penny as Non-Executive Chairman of the Group with effect from 6 December 2022, replacing Martin Houston who will step down from the Board on the same day.....He is currently chairman of Ninety One Plc and Ltd [the former Investec Asset Management], having previously been chairman of Norilsk Nickel, Russia's largest diversified mining and metals company. Gareth also served on the board of Julius Baer Group for 12 years. Gareth has extensive experience in extractive industries, having spent 22 years with De Beers and Anglo American, the last five of which he was group chief executive officer of De Beers.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00076763I/
They bought back 62,500 shares at 69.92p = £43,700
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00066745I/
They bought back 35,000 shares at 25.9543p = £9,084
Yesterday 22:20 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Operational and Financial Update
https://www.investegate.co.uk/gran-tier ... 2000H8721/
The Company has recently drilled four independent prospects, two in Ecuador and two in Colombia. All four have produced oil from different reservoir zones. We believe these prospects may offer future development opportunities in 2023 and beyond.
In the Oriente Basin of Ecuador, we are particularly pleased with the results of the Charapa Norte-1 well, which is producing over 1,100 BOPD with virtually no water. We believe the Charapa Norte prospect offers future well locations that Gran Tierra could potentially drill in 2023, which would further delineate the Hollin Sand in the Charapa Block.
In the Putumayo Basin of Colombia, ongoing positive results from the Rose-1 well, which is producing about 300 BOPD and virtually no water, may indicate that there are potential future well locations in the ALEA-1848 Block that could also be drilled.
With fourth quarter-to-date 2022 total Company average production(1) of approximately 32,000 BOPD, and current total average production of about 33,000 BOPD, we look forward to finishing 2022 on a strong note. We are also excited about our 2023 development and exploration capital programs and potential future share and bond buybacks. We plan to issue a press release outlining our 2023 production and financial guidance on or around December 8, 2022.”
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Scirocco's AGM statement is bullish on the prospects for biogas projects - may be worth a look? Europa don't have much to say at their AGM, licking their wounds after Serenity, but lost special resolutions on pre-emption rights which may be a sign of further awkwardness to come? Touchstone raise more than what they were looking for, a bit more in Canada and 36% more in London. 88 Energy have a rig contract for Hickory-1 and rename Icewine East to Phoenix, whilst Molecular (President) have delays on the rig for Paraguay. Chariot team up with Total for a 30MW solar project at a mine in Zimbabwe.
Hurricane have to reschedule their EGM due to the notice getting caught in post strikes.
Today 14:23 Europa Oil & Gas (EOG)
Result of AGM
https://www.investegate.co.uk/europa-oi ... 23579536I/
each of the ordinary resolutions (the "Ordinary Resolutions") set forth in the Notice convening the meeting (the "Notice") were passed, and the special resolutions (the "Special Resolutions") [9&10, disapplying pre-emption rights] set forth in the Notice did not achieve the required 75% vote to pass.[getting 65-68%]
Today 13:44 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 44079492I/
On 06/12/2022, Schroder Investment Management Limited increased from 26.032% to 27.078886%.
Today 12:00 Chariot Limited (CHAR)
Chariot and Total Eren to deliver solar PV project
https://www.investegate.co.uk/chariot-l ... 00029166I/
pursuant to the partnership entered into in November 2021, Total Eren and Chariot have agreed to work together on the development, financing, construction, and operation of a solar photovoltaic (PV) project that will provide competitive electricity for the Karo Platinum Project, in Zimbabwe. The solar PV project is expected to have an initial installed capacity of 30 MWp with a potential extension of up to 300 MWp.
Today 09:26 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 26408985I/
On 02-Dec-2022, JPMorgan Chase & Co. reduced from 7.031% to 6.118%.
Today 07:00 Molecular Energies (MEN)
Paraguay Drilling Update
https://www.investegate.co.uk/molecular ... 00038194I/
the spud date for the drilling of the high impact Paraguay exploration well is dependent upon the procuring by the designated drilling contractor ("DDC") of the drilling rig currently in Paraguay....Taking all this into account, subject as above, and managing expectations, it is prudent to now estimate the start of drilling in the latter part of Q1 2023 with mobilisation commencing in the first part of that quarter. [-11%]
Today 07:00 Scirocco Energy PLC (SCIR)
Corporate Update & Investor Event
https://www.investegate.co.uk/scirocco- ... 00068253I/
The new Corporate Presentation that is being used for the Investor Event will be made available on the website via the following link: https://www.sciroccoenergy.com/investors/presentations/
EAG has developed a pipeline of Biogas acquisitions in line with the stated strategy to acquire "bitesize" plants in the value range of £3-4m each. The goal is to acquire individual plants using EAG's "cookie cutter" approach whereby target assets are acquired as SPVs through a combination of debt and equity, the assets are then optimised through operating techniques and investments to grow profitability and enhance the value of each asset and the portfolio as a whole. A typical SPV is forecast to generate c. £850k EBITDA with enterprise value in the range of £7.5-£8.5m per plant, thereby demonstrating the appealing value proposition of the strategy.
it is the intention that EAG will, subject to securing the necessary funding, acquire two plants through 2023 and a further two plants in 2024. Should EAG be successful in converting these opportunities as guided then EAG would create a business generating over £5 million EBITDA per annum with an implied cash on cash multiple of c. 2.5x accruing to EAG investors.
EAG has entered into an exclusivity agreement to acquire 100% of the share capital in a target SPV which has been delivering consistent operational and financial results over the past 7 years, generating an EBITDA of £567k for its last financial year. It is EAG's expectation that its plans to optimise performance can increase EBITDA at the plant to £725k in its first year of ownership....The acquisition requires £3.8m of acquisition capital as well as approximately £200k in closing costs, and will be debt funded to approximately 70% of the total. Assuming all progresses as planned, including sourcing of the necessary finance, then EAG is targeting a completion date at the end of February 2023....confident of building an asset base with enterprise value of up to £100 million by 2027. [+8%]
Today 07:00 Europa Oil & Gas (EOG)
AGM Statement
https://www.investegate.co.uk/europa-oi ... 00068285I/
I believe that we are starting to reap the rewards of delivering on our strategic vision, with strong cash flows from our onshore production, further development opportunities at Wressle and Serenity as well as material upside potential with our exploration assets in Ireland, about which we are very excited. The Board continues to believe that Europa would benefit from holding further appraisal and early development assets and supported by our strong cash flows we will continue to seek opportunities to acquire these types of assets. Our aim remains to engage in potentially high reward activity without putting the Company's balance sheet at risk.
Today 07:00 88 Energy Limited (88E)
Hickory-1 Exploration Well - Rig Contract Executed
https://www.investegate.co.uk/88-energy ... 00068298I/
it has executed a rig contract with Nordic-Calista LLC ( Nordic ) for the use of their Rig-2 to drill the Hickory-1 exploration well on the Alaskan North Slope....to appraise six conventional reservoir targets within the SMD, SFS, BFF and KUP reservoirs and 647 million barrels of oil1,2, with spud scheduled for late-February / early-March 2023 to a permitted total depth of 12,500 feet. The Hickory-1 well has been significantly de-risked by recent drilling and flow tests carried out on adjacent acreage by Pantheon Resources, the interpretation of the Icewine-1 well logs, the modern Franklin Bluffs 3D seismic data ( FB3D) and AVO analysis....The Icewine East area has been renamed Project Phoenix to reflect the Company's refreshed exploration strategy for this acreage. Since its acquisition in 2014, the acreage targeted the unconventional HRZ play. Project Phoenix is now focused on the proven oil-bearing conventional reservoirs that were identified during the drilling and logging of Icewine-1 and 2
Today 07:00 Hurricane Energy PLC (HUR)
Rescheduling of General Meeting
https://www.investegate.co.uk/hurricane ... 00088288I/
the General Meeting to consider the Company's proposed reduction of capital is to be rescheduled from 14 December 2022 to 10.00 am on 11 January 2023. The reason for this change is that it has come to the Company's attention that part of the mailing of the Company's notice of its General Meeting to be held on 14 December 2022 was delayed by the industrial action of Royal Mail employees affecting collections on 25 November 2022, such that certain shareholders have not been provided with sufficient notice of the meeting in accordance with the Company's articles of association.
Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H0839/
directors have purchased an aggregate of 350,000 common shares in Falcon.
Today 07:00 Goldman Sachs Intl ()
Stabilisation Notice
https://www.investegate.co.uk/goldman-s ... 00078790I/
Goldman Sachs International acting as the stabilisation manager in connection with the initial public offering of Ithaca Energy plc (the "Company") has today informed the Company that the following stabilisation measures were carried out during the stabilisation period from 09 November 2022 until 23 November 2022
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00068292I/
They bought back 100,000 shares at 69.48p = £69,480
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00068345I/
They bought back 100,000 shares at 29.25p = £29,250
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00068286I/
They bought back 15,000 shares at 26.1p = £3,915
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00018104I/
They bought back 800,749 shares at 306.0725p = £2,450,872
Yesterday 17:49 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4907H0790/
They bought back 1,871,642 shares at £23.584 = £44,141,457 and 2,896,342 shares at €27.432 = £68,610,928 for a total of £112,752,384
Yesterday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39538175I/
They bought back 10,230,555 shares at 476.099p = £48,707,580
Yesterday 17:09 Nostrum Oil & Gas (NOG)
Publication of a Supplementary Prospectus
https://www.investegate.co.uk/nostrum-o ... 09528125I/
the Financial Conduct Authority (the "FCA") has today approved, and the Company has published, a supplementary prospectus (the "Supplementary Prospectus"), which is in relation to the prospectus issued by the Company on 14 October 2022 (the "Prospectus"). The Prospectus was published 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
Yesterday 16:40 Touchstone Explrtn. (TXP)
TOUCHSTONE RAISES APPROXIMATELY US$13 MILLION
https://www.investegate.co.uk/touchston ... 40238085I/
Touchstone has raised aggregate gross proceeds of approximately US$13 million (approximately £11 million and C$18million) through the placing of a total of 19,924,400 new Company common shares of no par value (the "Fundraise Shares"), at a price of 54.5 pence per Fundraise Share (C$0.90...8,704,400 new common shares with investors in Canada at the Placing Price, raising gross proceeds of approximately US$5.8 million (approximately £4.8 million and C$7.8 million), and 11,220,000 [in UK]...The Fundraise allows us to accelerate our exploration and development program on the Ortoire block, which has yielded excellent results to date. With Coho having recently been brought onto production and facility construction at Cascadura underway, we are making substantial progress towards becoming an energy production company of significant scale, with a range of additional exploration prospects. The Fundraise allows us to accelerate certain aspects of our exploration and development strategy while we focus resources on bringing Cascadura onto production.
Hurricane have to reschedule their EGM due to the notice getting caught in post strikes.
Brent=$79.38(December) WTI=$74.12(December,Brent-5.26) Nymex gas=$5.56(December)
NBP =372p(December,Nymex+39.84) TTF=€146.995(January,Nymex+39.79) JKM=$32.845(January,Nymex+27.29)
Today 14:23 Europa Oil & Gas (EOG)
Result of AGM
https://www.investegate.co.uk/europa-oi ... 23579536I/
each of the ordinary resolutions (the "Ordinary Resolutions") set forth in the Notice convening the meeting (the "Notice") were passed, and the special resolutions (the "Special Resolutions") [9&10, disapplying pre-emption rights] set forth in the Notice did not achieve the required 75% vote to pass.[getting 65-68%]
Today 13:44 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 44079492I/
On 06/12/2022, Schroder Investment Management Limited increased from 26.032% to 27.078886%.
Today 12:00 Chariot Limited (CHAR)
Chariot and Total Eren to deliver solar PV project
https://www.investegate.co.uk/chariot-l ... 00029166I/
pursuant to the partnership entered into in November 2021, Total Eren and Chariot have agreed to work together on the development, financing, construction, and operation of a solar photovoltaic (PV) project that will provide competitive electricity for the Karo Platinum Project, in Zimbabwe. The solar PV project is expected to have an initial installed capacity of 30 MWp with a potential extension of up to 300 MWp.
Today 09:26 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 26408985I/
On 02-Dec-2022, JPMorgan Chase & Co. reduced from 7.031% to 6.118%.
Today 07:00 Molecular Energies (MEN)
Paraguay Drilling Update
https://www.investegate.co.uk/molecular ... 00038194I/
the spud date for the drilling of the high impact Paraguay exploration well is dependent upon the procuring by the designated drilling contractor ("DDC") of the drilling rig currently in Paraguay....Taking all this into account, subject as above, and managing expectations, it is prudent to now estimate the start of drilling in the latter part of Q1 2023 with mobilisation commencing in the first part of that quarter. [-11%]
Today 07:00 Scirocco Energy PLC (SCIR)
Corporate Update & Investor Event
https://www.investegate.co.uk/scirocco- ... 00068253I/
The new Corporate Presentation that is being used for the Investor Event will be made available on the website via the following link: https://www.sciroccoenergy.com/investors/presentations/
EAG has developed a pipeline of Biogas acquisitions in line with the stated strategy to acquire "bitesize" plants in the value range of £3-4m each. The goal is to acquire individual plants using EAG's "cookie cutter" approach whereby target assets are acquired as SPVs through a combination of debt and equity, the assets are then optimised through operating techniques and investments to grow profitability and enhance the value of each asset and the portfolio as a whole. A typical SPV is forecast to generate c. £850k EBITDA with enterprise value in the range of £7.5-£8.5m per plant, thereby demonstrating the appealing value proposition of the strategy.
it is the intention that EAG will, subject to securing the necessary funding, acquire two plants through 2023 and a further two plants in 2024. Should EAG be successful in converting these opportunities as guided then EAG would create a business generating over £5 million EBITDA per annum with an implied cash on cash multiple of c. 2.5x accruing to EAG investors.
EAG has entered into an exclusivity agreement to acquire 100% of the share capital in a target SPV which has been delivering consistent operational and financial results over the past 7 years, generating an EBITDA of £567k for its last financial year. It is EAG's expectation that its plans to optimise performance can increase EBITDA at the plant to £725k in its first year of ownership....The acquisition requires £3.8m of acquisition capital as well as approximately £200k in closing costs, and will be debt funded to approximately 70% of the total. Assuming all progresses as planned, including sourcing of the necessary finance, then EAG is targeting a completion date at the end of February 2023....confident of building an asset base with enterprise value of up to £100 million by 2027. [+8%]
Today 07:00 Europa Oil & Gas (EOG)
AGM Statement
https://www.investegate.co.uk/europa-oi ... 00068285I/
I believe that we are starting to reap the rewards of delivering on our strategic vision, with strong cash flows from our onshore production, further development opportunities at Wressle and Serenity as well as material upside potential with our exploration assets in Ireland, about which we are very excited. The Board continues to believe that Europa would benefit from holding further appraisal and early development assets and supported by our strong cash flows we will continue to seek opportunities to acquire these types of assets. Our aim remains to engage in potentially high reward activity without putting the Company's balance sheet at risk.
Today 07:00 88 Energy Limited (88E)
Hickory-1 Exploration Well - Rig Contract Executed
https://www.investegate.co.uk/88-energy ... 00068298I/
it has executed a rig contract with Nordic-Calista LLC ( Nordic ) for the use of their Rig-2 to drill the Hickory-1 exploration well on the Alaskan North Slope....to appraise six conventional reservoir targets within the SMD, SFS, BFF and KUP reservoirs and 647 million barrels of oil1,2, with spud scheduled for late-February / early-March 2023 to a permitted total depth of 12,500 feet. The Hickory-1 well has been significantly de-risked by recent drilling and flow tests carried out on adjacent acreage by Pantheon Resources, the interpretation of the Icewine-1 well logs, the modern Franklin Bluffs 3D seismic data ( FB3D) and AVO analysis....The Icewine East area has been renamed Project Phoenix to reflect the Company's refreshed exploration strategy for this acreage. Since its acquisition in 2014, the acreage targeted the unconventional HRZ play. Project Phoenix is now focused on the proven oil-bearing conventional reservoirs that were identified during the drilling and logging of Icewine-1 and 2
Today 07:00 Hurricane Energy PLC (HUR)
Rescheduling of General Meeting
https://www.investegate.co.uk/hurricane ... 00088288I/
the General Meeting to consider the Company's proposed reduction of capital is to be rescheduled from 14 December 2022 to 10.00 am on 11 January 2023. The reason for this change is that it has come to the Company's attention that part of the mailing of the Company's notice of its General Meeting to be held on 14 December 2022 was delayed by the industrial action of Royal Mail employees affecting collections on 25 November 2022, such that certain shareholders have not been provided with sufficient notice of the meeting in accordance with the Company's articles of association.
Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H0839/
directors have purchased an aggregate of 350,000 common shares in Falcon.
Today 07:00 Goldman Sachs Intl ()
Stabilisation Notice
https://www.investegate.co.uk/goldman-s ... 00078790I/
Goldman Sachs International acting as the stabilisation manager in connection with the initial public offering of Ithaca Energy plc (the "Company") has today informed the Company that the following stabilisation measures were carried out during the stabilisation period from 09 November 2022 until 23 November 2022
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00068292I/
They bought back 100,000 shares at 69.48p = £69,480
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00068345I/
They bought back 100,000 shares at 29.25p = £29,250
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00068286I/
They bought back 15,000 shares at 26.1p = £3,915
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00018104I/
They bought back 800,749 shares at 306.0725p = £2,450,872
Yesterday 17:49 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4907H0790/
They bought back 1,871,642 shares at £23.584 = £44,141,457 and 2,896,342 shares at €27.432 = £68,610,928 for a total of £112,752,384
Yesterday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39538175I/
They bought back 10,230,555 shares at 476.099p = £48,707,580
Yesterday 17:09 Nostrum Oil & Gas (NOG)
Publication of a Supplementary Prospectus
https://www.investegate.co.uk/nostrum-o ... 09528125I/
the Financial Conduct Authority (the "FCA") has today approved, and the Company has published, a supplementary prospectus (the "Supplementary Prospectus"), which is in relation to the prospectus issued by the Company on 14 October 2022 (the "Prospectus"). The Prospectus was published 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
Yesterday 16:40 Touchstone Explrtn. (TXP)
TOUCHSTONE RAISES APPROXIMATELY US$13 MILLION
https://www.investegate.co.uk/touchston ... 40238085I/
Touchstone has raised aggregate gross proceeds of approximately US$13 million (approximately £11 million and C$18million) through the placing of a total of 19,924,400 new Company common shares of no par value (the "Fundraise Shares"), at a price of 54.5 pence per Fundraise Share (C$0.90...8,704,400 new common shares with investors in Canada at the Placing Price, raising gross proceeds of approximately US$5.8 million (approximately £4.8 million and C$7.8 million), and 11,220,000 [in UK]...The Fundraise allows us to accelerate our exploration and development program on the Ortoire block, which has yielded excellent results to date. With Coho having recently been brought onto production and facility construction at Cascadura underway, we are making substantial progress towards becoming an energy production company of significant scale, with a range of additional exploration prospects. The Fundraise allows us to accelerate certain aspects of our exploration and development strategy while we focus resources on bringing Cascadura onto production.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
So the big news is the resolution of the Lekoil saga, the one where the Nigerian subsidiary tried to run off with 40% of an oilfield. It's complicated but AFAICT, Lekoil Nigeria and Savannah give up their combined 38.5% of the Lekoil listed company, in return for the Nigerian subsidiary getting the oilfield and owing $52m in debt to the parent (on the books at over $100m) which is paid out of cashflow from oil sales, and some of that cashflow passing through to pay $16.3m to Savannah who had also paid some cash to get an option over some other debt. Savannah's terse RNS merely said that the deal was "not deemed material to Savannah".
Gran Tierra's guidance is for +8% production in 2023, all seems solid enough. Pantheon haven't realised Schlum have changed names, but they've done a reservoir model which comes out with a number 77% of what the management had said for OIP, but 10% recovery on 17.8 billion barrels would be very nice, even if it needs hundreds of 2-mile horizontal wells to recover it all. Off 10%.
Borders & Southern get a 2-year extension to their production licences.
Today 14:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00281108J/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's soared +19.8% with a spike to +22%. Over the last 2 weeks it's soared +62.1% with a spike to +65%.
Today 13:57 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on December 8, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 57211101J/
Shareholders approve various banking facilities.
Today 13:25 Westmount Energy Ld (WTE)
Result of AGM
https://www.investegate.co.uk/westmount ... 25481083J/
all resolutions were duly passed.
Today 13:00 Upland Resources Ltd (UPL)
Result of AGM
https://www.investegate.co.uk/upland-re ... 00029907I/
at its Annual General Meeting held earlier today, all resolutions were duly passed.
Today 10:13 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 13390695J/
On 05-Dec-2022, J.P. Morgan Securities plc holding via JPMorgan Chase & Co. reduced from 6.118% to Below Minimum Threshold.
Today 09:40 Angus Energy PLC (ANGS)
Exercise of Warrants, Issue of Equity and TVR
https://www.investegate.co.uk/angus-ene ... 40390655J/
following the receipt of Exercise Notices, it has issued 500,000 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.2 pence per share, 1.35 pence per share and 1.5 pence per share
Today 07:58 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 58220587J/
On 02-Dec-2022, Harwood Capital LLP holding via ROCKWOOD STRATEGIC PLC increased from 13.83% to 19.73%.
Today 07:00 Pantheon Resources (PANR)
Reservoir modelling report from Schlumberger
https://www.investegate.co.uk/pantheon- ... 00049939I/
A static and dynamic reservoir model of Pantheon's subsurface geological projects has now been completed by the world's largest oil service company, Schlumberger, over Pantheon's three project areas which encompass the four distinct oil reservoirs within the current Pantheon acreage footprint; (i) Alkaid, (ii) the Slope Fan System, (iii) the Shelf Margin Deltaic (SMD) and (iv) the Basin Floor Fan system. Pantheon engaged Schlumberger to undertake this project more than six months ago in order to develop a highly detailed body of work to assist in reservoir modelling, development modelling and as an important tool in Pantheon's data room to allow potential future farm in partners to gain a greater understanding of the potential, characteristics and scale of Pantheon's projects. This reservoir model represents completion of the first phase of the project....
the Schlumberger modelling estimates the reservoirs contain 17.8 billion barrels net OIP versus Company estimates of 23 billion barrels of OIP....Schlumberger has not provided an estimate on recovery factors, which was outside the scope of this first phase of the project. Schlumberger's work is ongoing, and the recovery factors will be covered in the next phase of their work....
Pantheon is currently in a production testing operation at Alkaid #2....the CTU was effective in clearing most, but not all, of the blockage and flow testing has resumed. The well is still early in the cleanup phase with encouraging initial results.
[off 10%]
Today 07:00 Borders & Southern (BOR)
Extension of Falkland Islands Production Licences
https://www.investegate.co.uk/borders-- ... 00029555I/
is pleased to announce the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area. The Licences were due to expire on the 31 December 2022. After applying for a two-year extension, the Company has gratefully received confirmation from the Falkland Islands Government that the revised expiry date will be 31 December 2024.
Today 07:00 Tullow Oil PLC (TLW)
Appointment of Richard Miller as CFO
https://www.investegate.co.uk/tullow-oi ... 00089909I/
is pleased to announce the appointment of Richard Miller as Chief Financial Officer (CFO) and as an Executive Director of Tullow. Richard is currently Interim CFO and Group Financial Controller. The effective date of the appointment will be 1 January 2023.
Richard brings extensive oil & gas and financial experience to the role. He has been acting as Interim CFO since April 2022 and has been with Tullow for over 11 years.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00049937I/
They bought back 77,200 shares at 68.61p = £52,967
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00049864I/
They bought back 100,000 shares at 29.2p = £29,200
Yesterday 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces 2023 Guidance
https://www.investegate.co.uk/gran-tier ... 0500H0517/
Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells
Forecast 2023 Production of 32,000-34,000 BOPD, an Increase of 8% from 2022 and 24% from 2021
Forecast 2023 Free Cash Flow 2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case...
Gran Tierra expects to allocate approximately 70% of its 2023 capital program towards development activities in its core assets in Colombia. The Company plans to drill 10 to 12 development wells in the Acordionero oil field in the Middle Magdalena Valley Basin. Acordionero’s 2023 plans also include drilling pad extensions, expanded polymer injection pilots (after encouraging 2022 results), and ongoing waterflood optimization. In the Putumayo Basin, Gran Tierra plans to drill 6 to 8 development wells in the Costayaco oil field and 2 to 3 development wells in the Moqueta oil field. The Company expects to execute its Colombian development drilling campaign during the first half of 2023.
Exploration: Approximately 30% of the Company’s 2023 capital program is expected to be allocated to exploration activities and the drilling of 4 to 6 exploration/appraisal wells in Colombia and Ecuador. Gran Tierra’s 2023 exploration drilling is planned to follow up on the encouraging results from the Company’s 2022 exploration program. The Company focuses its exploration program on short-cycle time, near-field prospects in proven basins with access to infrastructure.
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00009736I/
They bought back 801,294 shares at 302.784p = £2,426,190
Yesterday 17:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4827H1007/
They bought back 1,997,002 shares at £23.308 = £46,547,070 and 2,900,000 shares at €27.024 = £67,506,504 for a total of £114,053,574
Yesterday 17:31 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 31349733I/
They bought back 10,083,069 shares at 468.053p = £47,194,117
Yesterday 17:00 Savannah Energy Plc (SAVE)
Notification of Lekoil Limited Announcement
https://www.investegate.co.uk/savannah- ... 00059673I/
its wholly owned subsidiary, Savannah Energy Investments Limited, has entered into an agreement with LEKOIL Limited (AQSE: LEK) ("LEKOIL"), which is not deemed material to Savannah.
Yesterday 16:35 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 35079639I/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's jumped +22.6% with a spike to +26%. Over the last 2 weeks it's jumped +61.7% with a spike to +66%.
Yesterday 16:30 AIM ()
Schedule One Update - Savannah Energy PLC
https://www.investegate.co.uk/aim/rns/s ... 30018944I/
As detailed in the Company's admission document dated 31 December 2021, Admission is being sought in connection with the acquisition of Exxon Mobil Corporation's entire upstream and midstream asset portfolio in Chad and Cameroon (the "Exxon Acquisition"), which constituted a reverse takeover under AIM Rule 14 and which was approved by Shareholders on 24 January 2022.
Yesterday 15:25 Lekoil Limited (LEK)
Proposed settlement of litigation and name change
https://www.investegate.co.uk/lekoil-li ... 25559589I/
it has reached agreement with, among others, Lekoil Nigeria Limited and Olalekan Akinyanmi, the former CEO of the Company, to terminate all legal proceedings and settle all claims made by or between the relevant participants....
· the Company agreeing to surrender all of its shares in Lekoil Nigeria and transfer those of its subsidiaries involved in the operations of the Lekoil Nigeria group to Lekoil Nigeria...
· the Company granting a new loan of approximately US$51.9 million to Lekoil Oil and Gas Investments Limited ("LOGI") (the "LOGI Loan") in consideration for the transfer of certain loans granted to Lekoil Nigeria and its related entities to LOGI, the release of security related to such loans and the waiver of any repayment of amounts due under such loans...
the Company has agreed to change its name to Fenikso Ltd and to cease using the "Lekoil" name or brand in connection with its continuing business....
the Company has also agreed with Savannah Energy Investments Limited ("Savannah Energy") to terminate the option agreement pursuant to which Savannah Energy has the option to take an assignment of a US$135 million loan between the Company and Mayfair Assets & Trust Limited ("Mayfair") (a subsidiary of Lekoil Nigeria) (the "Mayfair Loan").
The Company and Savannah Energy have also separately entered into an agreement on 7 December 2022 (the "SEIL Agreement") pursuant to which Savannah Energy will release its security interests over OPL 310 and Savannah Energy will surrender all of its shares in the Company, with the consideration for such share surrender, release of security and the termination of the Option Agreement being the payment of certain sums by the Company to Savannah Energy (including a portion of all amounts received by the Company pursuant to the LOGI Loan)...
Lekoil Nigeria has agreed to acquire the Ordinary Shares held by Mr Akinyanmi and certain persons associated with Lekoil Nigeria or Mr Akinyanmi, so as to increase its interest in the Company from 66,580,736 Ordinary Shares to 107,658,847 Ordinary Shares....
· Lekoil Nigeria shall surrender all of its shares in the Company, comprising 107,658,847 Ordinary Shares (the "LNL Settlement Shares"), representing approximately 14.2% of the issued shares in the Company....
The LOGI Loan shall be repaid by LOGI out of the proceeds of the liftings made under the offtake agreement with Shell Western (or any replacement offtake agreement), with the Company being entitled to receive approximately 8.65% of all such proceeds until the LOGI Loan has been repaid in full. Lekoil Nigeria and LOGI have agreed to grant certain security in respect of the repayment obligations under the LOGI Loan. The Company notes that current production at Otakikpo is approximately 7,000 barrels of oil per day, meaning that it would receive approximately 8.65% of the lifting proceeds of approximately one million barrels of oil per annum based on current production levels.....
In consideration for the surrender of Savannah Energy's interests in the existing and to be issued Ordinary Shares (representing approximately 25% of the issued and to be issued shares in the Company immediately prior to Completion), the termination of the Option Agreement, the release by Savannah Energy of any security interests in favour of it in respect of the Mayfair Loan and the release of all remaining amounts due under the CFA2, the Company shall enter into a loan agreement at or prior to Completion with Savannah Energy pursuant to which the Company shall agree to pay Savannah Energy certain upfront payments together with 25% of all amounts received by the Company from LOGI pursuant to the LOGI Loan, subject to a maximum total payment of approximately US$16.3 million....
the Company has agreed to issue a total of 10,616,438 Ordinary Shares prior to Completion to Thomas Richardson and Marco D'Attanasio. The Company has also agreed to issue a further 10,000,000 Ordinary Shares is satisfaction of other outstanding debts (including to one of the CFA1 Parties). Following the issue of such shares and the 20,000,000 Ordinary Shares to Savannah Energy noted above, the issued share capital of the Company shall comprise 799,394,177 Ordinary Shares immediately prior to Completion.
Following Completion and the surrender of the SEIL Shares and the LNL Settlement Shares, the issued share capital of the Company is expected to comprise 491,737,574 Ordinary Shares.
Gran Tierra's guidance is for +8% production in 2023, all seems solid enough. Pantheon haven't realised Schlum have changed names, but they've done a reservoir model which comes out with a number 77% of what the management had said for OIP, but 10% recovery on 17.8 billion barrels would be very nice, even if it needs hundreds of 2-mile horizontal wells to recover it all. Off 10%.
Borders & Southern get a 2-year extension to their production licences.
Brent=$78.66(December) WTI=$74.49(December,Brent-4.17) Nymex gas=$5.84(December)
NBP =375.01p(December,Nymex+39.97) TTF=€149.000(January,Nymex+40.14) JKM=$33.350(January,Nymex+27.51)
Today 14:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00281108J/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's soared +19.8% with a spike to +22%. Over the last 2 weeks it's soared +62.1% with a spike to +65%.
Today 13:57 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on December 8, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 57211101J/
Shareholders approve various banking facilities.
Today 13:25 Westmount Energy Ld (WTE)
Result of AGM
https://www.investegate.co.uk/westmount ... 25481083J/
all resolutions were duly passed.
Today 13:00 Upland Resources Ltd (UPL)
Result of AGM
https://www.investegate.co.uk/upland-re ... 00029907I/
at its Annual General Meeting held earlier today, all resolutions were duly passed.
Today 10:13 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 13390695J/
On 05-Dec-2022, J.P. Morgan Securities plc holding via JPMorgan Chase & Co. reduced from 6.118% to Below Minimum Threshold.
Today 09:40 Angus Energy PLC (ANGS)
Exercise of Warrants, Issue of Equity and TVR
https://www.investegate.co.uk/angus-ene ... 40390655J/
following the receipt of Exercise Notices, it has issued 500,000 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.2 pence per share, 1.35 pence per share and 1.5 pence per share
Today 07:58 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 58220587J/
On 02-Dec-2022, Harwood Capital LLP holding via ROCKWOOD STRATEGIC PLC increased from 13.83% to 19.73%.
Today 07:00 Pantheon Resources (PANR)
Reservoir modelling report from Schlumberger
https://www.investegate.co.uk/pantheon- ... 00049939I/
A static and dynamic reservoir model of Pantheon's subsurface geological projects has now been completed by the world's largest oil service company, Schlumberger, over Pantheon's three project areas which encompass the four distinct oil reservoirs within the current Pantheon acreage footprint; (i) Alkaid, (ii) the Slope Fan System, (iii) the Shelf Margin Deltaic (SMD) and (iv) the Basin Floor Fan system. Pantheon engaged Schlumberger to undertake this project more than six months ago in order to develop a highly detailed body of work to assist in reservoir modelling, development modelling and as an important tool in Pantheon's data room to allow potential future farm in partners to gain a greater understanding of the potential, characteristics and scale of Pantheon's projects. This reservoir model represents completion of the first phase of the project....
the Schlumberger modelling estimates the reservoirs contain 17.8 billion barrels net OIP versus Company estimates of 23 billion barrels of OIP....Schlumberger has not provided an estimate on recovery factors, which was outside the scope of this first phase of the project. Schlumberger's work is ongoing, and the recovery factors will be covered in the next phase of their work....
Pantheon is currently in a production testing operation at Alkaid #2....the CTU was effective in clearing most, but not all, of the blockage and flow testing has resumed. The well is still early in the cleanup phase with encouraging initial results.
[off 10%]
Today 07:00 Borders & Southern (BOR)
Extension of Falkland Islands Production Licences
https://www.investegate.co.uk/borders-- ... 00029555I/
is pleased to announce the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area. The Licences were due to expire on the 31 December 2022. After applying for a two-year extension, the Company has gratefully received confirmation from the Falkland Islands Government that the revised expiry date will be 31 December 2024.
Today 07:00 Tullow Oil PLC (TLW)
Appointment of Richard Miller as CFO
https://www.investegate.co.uk/tullow-oi ... 00089909I/
is pleased to announce the appointment of Richard Miller as Chief Financial Officer (CFO) and as an Executive Director of Tullow. Richard is currently Interim CFO and Group Financial Controller. The effective date of the appointment will be 1 January 2023.
Richard brings extensive oil & gas and financial experience to the role. He has been acting as Interim CFO since April 2022 and has been with Tullow for over 11 years.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00049937I/
They bought back 77,200 shares at 68.61p = £52,967
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00049864I/
They bought back 100,000 shares at 29.2p = £29,200
Yesterday 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces 2023 Guidance
https://www.investegate.co.uk/gran-tier ... 0500H0517/
Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells
Forecast 2023 Production of 32,000-34,000 BOPD, an Increase of 8% from 2022 and 24% from 2021
Forecast 2023 Free Cash Flow 2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case...
Gran Tierra expects to allocate approximately 70% of its 2023 capital program towards development activities in its core assets in Colombia. The Company plans to drill 10 to 12 development wells in the Acordionero oil field in the Middle Magdalena Valley Basin. Acordionero’s 2023 plans also include drilling pad extensions, expanded polymer injection pilots (after encouraging 2022 results), and ongoing waterflood optimization. In the Putumayo Basin, Gran Tierra plans to drill 6 to 8 development wells in the Costayaco oil field and 2 to 3 development wells in the Moqueta oil field. The Company expects to execute its Colombian development drilling campaign during the first half of 2023.
Exploration: Approximately 30% of the Company’s 2023 capital program is expected to be allocated to exploration activities and the drilling of 4 to 6 exploration/appraisal wells in Colombia and Ecuador. Gran Tierra’s 2023 exploration drilling is planned to follow up on the encouraging results from the Company’s 2022 exploration program. The Company focuses its exploration program on short-cycle time, near-field prospects in proven basins with access to infrastructure.
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00009736I/
They bought back 801,294 shares at 302.784p = £2,426,190
Yesterday 17:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4827H1007/
They bought back 1,997,002 shares at £23.308 = £46,547,070 and 2,900,000 shares at €27.024 = £67,506,504 for a total of £114,053,574
Yesterday 17:31 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 31349733I/
They bought back 10,083,069 shares at 468.053p = £47,194,117
Yesterday 17:00 Savannah Energy Plc (SAVE)
Notification of Lekoil Limited Announcement
https://www.investegate.co.uk/savannah- ... 00059673I/
its wholly owned subsidiary, Savannah Energy Investments Limited, has entered into an agreement with LEKOIL Limited (AQSE: LEK) ("LEKOIL"), which is not deemed material to Savannah.
Yesterday 16:35 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 35079639I/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's jumped +22.6% with a spike to +26%. Over the last 2 weeks it's jumped +61.7% with a spike to +66%.
Yesterday 16:30 AIM ()
Schedule One Update - Savannah Energy PLC
https://www.investegate.co.uk/aim/rns/s ... 30018944I/
As detailed in the Company's admission document dated 31 December 2021, Admission is being sought in connection with the acquisition of Exxon Mobil Corporation's entire upstream and midstream asset portfolio in Chad and Cameroon (the "Exxon Acquisition"), which constituted a reverse takeover under AIM Rule 14 and which was approved by Shareholders on 24 January 2022.
Yesterday 15:25 Lekoil Limited (LEK)
Proposed settlement of litigation and name change
https://www.investegate.co.uk/lekoil-li ... 25559589I/
it has reached agreement with, among others, Lekoil Nigeria Limited and Olalekan Akinyanmi, the former CEO of the Company, to terminate all legal proceedings and settle all claims made by or between the relevant participants....
· the Company agreeing to surrender all of its shares in Lekoil Nigeria and transfer those of its subsidiaries involved in the operations of the Lekoil Nigeria group to Lekoil Nigeria...
· the Company granting a new loan of approximately US$51.9 million to Lekoil Oil and Gas Investments Limited ("LOGI") (the "LOGI Loan") in consideration for the transfer of certain loans granted to Lekoil Nigeria and its related entities to LOGI, the release of security related to such loans and the waiver of any repayment of amounts due under such loans...
the Company has agreed to change its name to Fenikso Ltd and to cease using the "Lekoil" name or brand in connection with its continuing business....
the Company has also agreed with Savannah Energy Investments Limited ("Savannah Energy") to terminate the option agreement pursuant to which Savannah Energy has the option to take an assignment of a US$135 million loan between the Company and Mayfair Assets & Trust Limited ("Mayfair") (a subsidiary of Lekoil Nigeria) (the "Mayfair Loan").
The Company and Savannah Energy have also separately entered into an agreement on 7 December 2022 (the "SEIL Agreement") pursuant to which Savannah Energy will release its security interests over OPL 310 and Savannah Energy will surrender all of its shares in the Company, with the consideration for such share surrender, release of security and the termination of the Option Agreement being the payment of certain sums by the Company to Savannah Energy (including a portion of all amounts received by the Company pursuant to the LOGI Loan)...
Lekoil Nigeria has agreed to acquire the Ordinary Shares held by Mr Akinyanmi and certain persons associated with Lekoil Nigeria or Mr Akinyanmi, so as to increase its interest in the Company from 66,580,736 Ordinary Shares to 107,658,847 Ordinary Shares....
· Lekoil Nigeria shall surrender all of its shares in the Company, comprising 107,658,847 Ordinary Shares (the "LNL Settlement Shares"), representing approximately 14.2% of the issued shares in the Company....
The LOGI Loan shall be repaid by LOGI out of the proceeds of the liftings made under the offtake agreement with Shell Western (or any replacement offtake agreement), with the Company being entitled to receive approximately 8.65% of all such proceeds until the LOGI Loan has been repaid in full. Lekoil Nigeria and LOGI have agreed to grant certain security in respect of the repayment obligations under the LOGI Loan. The Company notes that current production at Otakikpo is approximately 7,000 barrels of oil per day, meaning that it would receive approximately 8.65% of the lifting proceeds of approximately one million barrels of oil per annum based on current production levels.....
In consideration for the surrender of Savannah Energy's interests in the existing and to be issued Ordinary Shares (representing approximately 25% of the issued and to be issued shares in the Company immediately prior to Completion), the termination of the Option Agreement, the release by Savannah Energy of any security interests in favour of it in respect of the Mayfair Loan and the release of all remaining amounts due under the CFA2, the Company shall enter into a loan agreement at or prior to Completion with Savannah Energy pursuant to which the Company shall agree to pay Savannah Energy certain upfront payments together with 25% of all amounts received by the Company from LOGI pursuant to the LOGI Loan, subject to a maximum total payment of approximately US$16.3 million....
the Company has agreed to issue a total of 10,616,438 Ordinary Shares prior to Completion to Thomas Richardson and Marco D'Attanasio. The Company has also agreed to issue a further 10,000,000 Ordinary Shares is satisfaction of other outstanding debts (including to one of the CFA1 Parties). Following the issue of such shares and the 20,000,000 Ordinary Shares to Savannah Energy noted above, the issued share capital of the Company shall comprise 799,394,177 Ordinary Shares immediately prior to Completion.
Following Completion and the surrender of the SEIL Shares and the LNL Settlement Shares, the issued share capital of the Company is expected to comprise 491,737,574 Ordinary Shares.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
PetroTal waffle to disguise the fact that the locals took a barge hostage a few weeks ago and production continues to be 75% down, but at least Petroperu will pay them the money they owe.
VAALCO expect 1500bopd from North Tchibala 2H-ST, have completed a lifting from the new FSO, about to spud first horizontal well in Egypt.
GMS confirm guidance. Total finally write off their 20% stake in Novatek. Zephyr get a $1m grant from the DoE for geological work. Kibo are suspended after 15% down as Ambrian withdraw as Nomad. Lekoil time their meeting to approve the restructring for 29 December
Today 16:03 Lekoil Limited (LEK)
Publication of Circular and Notice of EGM
https://www.investegate.co.uk/lekoil-li ... 03262736J/
an Extraordinary General Meeting ("EGM") of the Company will be held on 29 December 2022 at 10.00 a.m. (Greenwich Mean Time) at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW...If the Settlement Resolution is approved, it is anticipated that Completion will shortly after the Extraordinary General Meeting (subject to satisfaction of any other conditions to Completion)....the Company has received undertakings to vote in favour of the Settlement Resolution in respect of 354,081,603 Ordinary Shares representing approximately 46.66% of the Company's issued share capital
Today 14:58 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 58302692J/
They bought back 40,000 shares at 108p = £43,200
Today 14:43 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 43592671J/
On 08-Dec-2022, Spreadex LTD reduced from 9.198% to 8.542%.
Today 13:50 Kibo Energy PLC (KIBO)
Nomad Update and Suspension
https://www.investegate.co.uk/kibo-ener ... 50012617J/
announce that RFC Ambrian Ltd will cease to act as nominated adviser for the Company, with its last day being close of market today. The Company is in very advanced discussion with a new nominated adviser with their appointment subject to completion of due diligence, until which time the Company will be without a nominated adviser. Pursuant to Rule 1 of the AIM Rules for Companies, the ordinary shares in the Company will be suspended from trading on AIM at 7.30am on Monday 12 December 2022. [down 15%]
Today 11:45 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 4500Z5822/
total number of 2,809,052,739 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares
Today 10:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45272275J/
On 08-Dec-2022, Societe Generale reduced from 6.246% to 5.329% and adjusted their shares vs other formats.
Today 08:49 TotalEnergies SE (TTE)
Russia: TotalEnergies Decides to Withdraw Its Directors From Novatek And Will No Longer Equity Account for Its Stake in Novatek and Record a 3.7 b$ Impairment in Q4
https://www.investegate.co.uk/totalener ... 4900Z6001/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe. TotalEnergies holds a 19.4% stake in the company Novatek, a stake that it cannot sell given the prevailing shareholders’ agreements, as it is forbidden for TotalEnergies to sell any asset to one of Novatek's main shareholders who is under sanction.... TotalEnergies will no longer equity account for its 19.4% stake in Novatek in the Company's accounts. This will lead to record an impairment of approximately $3.7 billion in the accounts for the 4th quarter
Today 07:00 Gulf Marine Services (GMS)
Trading Update
https://www.investegate.co.uk/gulf-mari ... 00020888J/
EBITDA for the year to 31 December 2022 is expected to be between US$70‐US$72m, which is within the previous guidance range given.Vessel utilization for 2022 is projected to be 87%, up from 85% in 2021, and day rates are on average up 7% versus last year....ncreased our backlog to US$378 million
Today 07:00 PetroTal Corp. (PTAL)
PetroTal Issues Various Corporate Updates
https://www.investegate.co.uk/petrotal- ... 00041930J/
PetroTal and Petroperu have finalized an agreement outlining the repayment terms of the $64 million in true up revenue owed to the Company by Petroperu from the Company's July 2022 export of approximately 720,000 barrels of oil to an international refiner. On December 1, 2022, the Company received $10.9 million from Petroperu as part of a schedule of payments, which is expected to be fully repaid by August 1, 2023....
On November 25, 2022, Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") followers detained a barge traveling to Brazil with crude oil purchased from PetroTal. The crew was taken hostage in an effort to force the Company to sign an addendum related to the social trust prior to formal working table approval. Approximately 48 hours later, the crew of the barge was released, however, territorial control of the river pathway continues, limiting further barge movements to and from the Company's oilfield. ...
Since the Company's Q3 2022 financial and operating results were released on November 17, 2022, the Company has been producing nearly 14,000 barrels of oil per day ("bopd"), reaching 18,000 bopd recently. As a result of the river blockade, PetroTal has reduced production to between 4,500 bopd and 5,000 bopd since November 30, 2022, to manage storage levels and will need to further reduce production levels should the blockade persist as the Northern Peruvian Pipeline ("ONP") remains unavailable due to ongoing repairs.
Today 07:00 Vaalco Energy Inc (EGY)
VAALCO ENERGY, INC. PROVIDES OPERATIONAL UPDATE
https://www.investegate.co.uk/vaalco-en ... 00041947J/
· In Gabon, the North Tchibala 2H-ST well was brought online in early November and flowed at a low, controlled rate to allow for cleanup and to minimize negative impact to the completion...about 275 gross barrels of oil per day ("BOPD")...
· Post-frac modeling suggests that the well is capable of producing rates at or above 1,500 gross BOPD...
· On December 4th, the first lifting from the new FSO "TELI" was successfully completed at the same time that the final remaining volumes from the Nautipa FPSO were removed;
· In Egypt, VAALCO expects to spud the first horizontal well on December 12th, with completion operations planned for first quarter 2023;
Today 07:00 Zephyr Energy PLC (ZPHR)
Award of Grant Funding
https://www.investegate.co.uk/zephyr-en ... 00041439J/
is pleased to announce the signing of an amended cooperation agreement detailing an additional US$1.0 million in non-dilutive research grant funding for the Company. These funds will be utilised for data gathering purposes during the ongoing drilling of Zephyr's State 36-2 LNW-CC well (the "well") in the Paradox Basin...The objective of the additional funding is to acquire further geological data to assist in the understanding of the Cane Creek reservoir and of the additional reservoirs overlying the Cane Creek reservoir.
Today 07:00 Borders & Southern (BOR)
Posting of Circular and Notice of General Meeting
https://www.investegate.co.uk/borders-- ... 00021277J/
further to the Company's announcement on 30 November 2022 regarding a part conditional fundraising of £2.5 million, the Company has today posted a Circular to Shareholders regarding the fundraising, which sets out a Notice of General Meeting [11.00 a.m. on 4 January 2023]
Today 07:00 ThomasLloyd Energy ()
Investment Manager - Senior Appointments
https://www.investegate.co.uk/thomasllo ... 00041423J/
is pleased to announce the following changes and senior appointments at its investment manager.
Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00051392J/
Acquisition of Common Shares through the Company's Employee Share Savings Plan
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00041430J/
They bought back 92,500 shares at 66.73p = £61,725
Today 07:00 Vaalco Energy Inc (EGY)
Transaction in own shares
https://www.investegate.co.uk/vaalco-en ... 00041944J/
282,163 shares at ~$5.3
Yesterday 18:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0925H1243/
They bought back 921,539 shares at £23.319 = £21,489,184 and 1,000,000 shares at €27.059 = £23,189,644 for a total of £44,678,828
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00011328J/
They bought back 700,000 shares at 303.1881p = £2,122,317
Yesterday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39221322J/
They bought back 10,175,111 shares at 469.076p = £47,728,974
Yesterday 17:04 Angus Energy PLC (ANGS)
Exercise of Warrants, Issue of Equity and TVR
https://www.investegate.co.uk/angus-ene ... 04461280J/
following the receipt of Exercise Notices, it has issued 500,000 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.2 pence per share, 1.35 pence per share and 1.5 pence per share
Yesterday 16:47 New Energy One Acqn. (NEOA)
Holding(s) in Company
https://www.investegate.co.uk/new-energ ... 47431260J/
On 05-Dec-2022, JPMorgan Chase & Co. increased from 5.458% to 9.338%.
Yesterday 16:28 Shell plc (SHEL)
Shell recommends ADS holders reject mini-tender offer
https://www.investegate.co.uk/shell-plc ... 2802H1222/
Shell plc ("Company") has been notified of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation ("TRC") to purchase up to 2,000,000 American Depositary Shares ("ADSs"), or approximately 0.06 percent of the outstanding issued ordinary shares of the Company as at the close of business on December 7, 2022, at a price of $53.25 per ADS in cash. As described by TRC in its offer document, its offer is being made at a 4.52 percent discount to the closing price of $55.77 per ADS on the New York Stock Exchange on November 11, 2022, the last trading day before the offer commenced, and is below the closing price of $56.35 per ADS on the New York Stock Exchange on December 7, 2022. The Company does not endorse TRC's offer and recommends that ADS holders reject the offer and do not tender their ADSs in response to the offer by TRC.
Yesterday 15:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000P4C37/
EXERCISE AND RETENTION, NET OF ASSOCIATED TAX LIABILITY, OF NIL COST LTRP AND BONUS PLAN SHARE OPTIONS
VAALCO expect 1500bopd from North Tchibala 2H-ST, have completed a lifting from the new FSO, about to spud first horizontal well in Egypt.
GMS confirm guidance. Total finally write off their 20% stake in Novatek. Zephyr get a $1m grant from the DoE for geological work. Kibo are suspended after 15% down as Ambrian withdraw as Nomad. Lekoil time their meeting to approve the restructring for 29 December
Brent=$77.23(December) WTI=$72.21(December,Brent-5.02) Nymex gas=$6.29(December)
NBP =354p(December,Nymex+37.30) TTF=€143.205(January,Nymex+38.00) JKM=$34.295(January,Nymex+28.01)
Today 16:03 Lekoil Limited (LEK)
Publication of Circular and Notice of EGM
https://www.investegate.co.uk/lekoil-li ... 03262736J/
an Extraordinary General Meeting ("EGM") of the Company will be held on 29 December 2022 at 10.00 a.m. (Greenwich Mean Time) at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW...If the Settlement Resolution is approved, it is anticipated that Completion will shortly after the Extraordinary General Meeting (subject to satisfaction of any other conditions to Completion)....the Company has received undertakings to vote in favour of the Settlement Resolution in respect of 354,081,603 Ordinary Shares representing approximately 46.66% of the Company's issued share capital
Today 14:58 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 58302692J/
They bought back 40,000 shares at 108p = £43,200
Today 14:43 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 43592671J/
On 08-Dec-2022, Spreadex LTD reduced from 9.198% to 8.542%.
Today 13:50 Kibo Energy PLC (KIBO)
Nomad Update and Suspension
https://www.investegate.co.uk/kibo-ener ... 50012617J/
announce that RFC Ambrian Ltd will cease to act as nominated adviser for the Company, with its last day being close of market today. The Company is in very advanced discussion with a new nominated adviser with their appointment subject to completion of due diligence, until which time the Company will be without a nominated adviser. Pursuant to Rule 1 of the AIM Rules for Companies, the ordinary shares in the Company will be suspended from trading on AIM at 7.30am on Monday 12 December 2022. [down 15%]
Today 11:45 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 4500Z5822/
total number of 2,809,052,739 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares
Today 10:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45272275J/
On 08-Dec-2022, Societe Generale reduced from 6.246% to 5.329% and adjusted their shares vs other formats.
Today 08:49 TotalEnergies SE (TTE)
Russia: TotalEnergies Decides to Withdraw Its Directors From Novatek And Will No Longer Equity Account for Its Stake in Novatek and Record a 3.7 b$ Impairment in Q4
https://www.investegate.co.uk/totalener ... 4900Z6001/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe. TotalEnergies holds a 19.4% stake in the company Novatek, a stake that it cannot sell given the prevailing shareholders’ agreements, as it is forbidden for TotalEnergies to sell any asset to one of Novatek's main shareholders who is under sanction.... TotalEnergies will no longer equity account for its 19.4% stake in Novatek in the Company's accounts. This will lead to record an impairment of approximately $3.7 billion in the accounts for the 4th quarter
Today 07:00 Gulf Marine Services (GMS)
Trading Update
https://www.investegate.co.uk/gulf-mari ... 00020888J/
EBITDA for the year to 31 December 2022 is expected to be between US$70‐US$72m, which is within the previous guidance range given.Vessel utilization for 2022 is projected to be 87%, up from 85% in 2021, and day rates are on average up 7% versus last year....ncreased our backlog to US$378 million
Today 07:00 PetroTal Corp. (PTAL)
PetroTal Issues Various Corporate Updates
https://www.investegate.co.uk/petrotal- ... 00041930J/
PetroTal and Petroperu have finalized an agreement outlining the repayment terms of the $64 million in true up revenue owed to the Company by Petroperu from the Company's July 2022 export of approximately 720,000 barrels of oil to an international refiner. On December 1, 2022, the Company received $10.9 million from Petroperu as part of a schedule of payments, which is expected to be fully repaid by August 1, 2023....
On November 25, 2022, Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") followers detained a barge traveling to Brazil with crude oil purchased from PetroTal. The crew was taken hostage in an effort to force the Company to sign an addendum related to the social trust prior to formal working table approval. Approximately 48 hours later, the crew of the barge was released, however, territorial control of the river pathway continues, limiting further barge movements to and from the Company's oilfield. ...
Since the Company's Q3 2022 financial and operating results were released on November 17, 2022, the Company has been producing nearly 14,000 barrels of oil per day ("bopd"), reaching 18,000 bopd recently. As a result of the river blockade, PetroTal has reduced production to between 4,500 bopd and 5,000 bopd since November 30, 2022, to manage storage levels and will need to further reduce production levels should the blockade persist as the Northern Peruvian Pipeline ("ONP") remains unavailable due to ongoing repairs.
Today 07:00 Vaalco Energy Inc (EGY)
VAALCO ENERGY, INC. PROVIDES OPERATIONAL UPDATE
https://www.investegate.co.uk/vaalco-en ... 00041947J/
· In Gabon, the North Tchibala 2H-ST well was brought online in early November and flowed at a low, controlled rate to allow for cleanup and to minimize negative impact to the completion...about 275 gross barrels of oil per day ("BOPD")...
· Post-frac modeling suggests that the well is capable of producing rates at or above 1,500 gross BOPD...
· On December 4th, the first lifting from the new FSO "TELI" was successfully completed at the same time that the final remaining volumes from the Nautipa FPSO were removed;
· In Egypt, VAALCO expects to spud the first horizontal well on December 12th, with completion operations planned for first quarter 2023;
Today 07:00 Zephyr Energy PLC (ZPHR)
Award of Grant Funding
https://www.investegate.co.uk/zephyr-en ... 00041439J/
is pleased to announce the signing of an amended cooperation agreement detailing an additional US$1.0 million in non-dilutive research grant funding for the Company. These funds will be utilised for data gathering purposes during the ongoing drilling of Zephyr's State 36-2 LNW-CC well (the "well") in the Paradox Basin...The objective of the additional funding is to acquire further geological data to assist in the understanding of the Cane Creek reservoir and of the additional reservoirs overlying the Cane Creek reservoir.
Today 07:00 Borders & Southern (BOR)
Posting of Circular and Notice of General Meeting
https://www.investegate.co.uk/borders-- ... 00021277J/
further to the Company's announcement on 30 November 2022 regarding a part conditional fundraising of £2.5 million, the Company has today posted a Circular to Shareholders regarding the fundraising, which sets out a Notice of General Meeting [11.00 a.m. on 4 January 2023]
Today 07:00 ThomasLloyd Energy ()
Investment Manager - Senior Appointments
https://www.investegate.co.uk/thomasllo ... 00041423J/
is pleased to announce the following changes and senior appointments at its investment manager.
Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00051392J/
Acquisition of Common Shares through the Company's Employee Share Savings Plan
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00041430J/
They bought back 92,500 shares at 66.73p = £61,725
Today 07:00 Vaalco Energy Inc (EGY)
Transaction in own shares
https://www.investegate.co.uk/vaalco-en ... 00041944J/
282,163 shares at ~$5.3
Yesterday 18:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0925H1243/
They bought back 921,539 shares at £23.319 = £21,489,184 and 1,000,000 shares at €27.059 = £23,189,644 for a total of £44,678,828
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00011328J/
They bought back 700,000 shares at 303.1881p = £2,122,317
Yesterday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39221322J/
They bought back 10,175,111 shares at 469.076p = £47,728,974
Yesterday 17:04 Angus Energy PLC (ANGS)
Exercise of Warrants, Issue of Equity and TVR
https://www.investegate.co.uk/angus-ene ... 04461280J/
following the receipt of Exercise Notices, it has issued 500,000 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.2 pence per share, 1.35 pence per share and 1.5 pence per share
Yesterday 16:47 New Energy One Acqn. (NEOA)
Holding(s) in Company
https://www.investegate.co.uk/new-energ ... 47431260J/
On 05-Dec-2022, JPMorgan Chase & Co. increased from 5.458% to 9.338%.
Yesterday 16:28 Shell plc (SHEL)
Shell recommends ADS holders reject mini-tender offer
https://www.investegate.co.uk/shell-plc ... 2802H1222/
Shell plc ("Company") has been notified of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation ("TRC") to purchase up to 2,000,000 American Depositary Shares ("ADSs"), or approximately 0.06 percent of the outstanding issued ordinary shares of the Company as at the close of business on December 7, 2022, at a price of $53.25 per ADS in cash. As described by TRC in its offer document, its offer is being made at a 4.52 percent discount to the closing price of $55.77 per ADS on the New York Stock Exchange on November 11, 2022, the last trading day before the offer commenced, and is below the closing price of $56.35 per ADS on the New York Stock Exchange on December 7, 2022. The Company does not endorse TRC's offer and recommends that ADS holders reject the offer and do not tender their ADSs in response to the offer by TRC.
Yesterday 15:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000P4C37/
EXERCISE AND RETENTION, NET OF ASSOCIATED TAX LIABILITY, OF NIL COST LTRP AND BONUS PLAN SHARE OPTIONS
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
I wimped out of coming home Sunday night given the road conditions, so here's Monday and Tuesday's RNS roundup.
Busy time for the Savannah boys - they complete the $407m acquisition of Exxon's 40% share of the the Doba project in Chad (57 MMbbls/11.2kbpd net) and the 672-mile pipeline through Cameroon, but fail to complete on Petronas' 35% share, which may be something to do with Chad claiming the deal is illegal. An Olympic judoka joining the board may help solve any...disagreements?!! But instead they're spending $1250m on Petronas' South Sudan portfolio - three JOC's with 30-68% WI in 153kbpd gross (so anywhere between 46-104kbpd net, probably 60-70ish?).
Elsewhere, Chariot get an outline gas deal in Morocco, Block farm out some non-core acreage for $3m work whilst spudding WR-B01 ST, Sound make some more progress on financing Tendrara, Velocys get nearly £30m of grants for the FEED of their waste-to-synthetic-aviation-fuel plant at Immingham, and initial work on electricity-to-SAF. Novatek have found 1.8tcf of gas in the Siberian Arctic, the very next trading day after Total pull out. Can't remember if Synergia have said NPV10 of Cambay is $725 million before. Invinity continue to soar with a battery sale in Korea. Predator talk up their Irish and Trinidad assets as up for a deal. Longboat look well below cash value if you can wait for the Norwegian tax man to cough up his rebate, meanwhile they expand the loan against it - deals to come? Flow rates at Genel's Sarta-6 were limited by surface equipment to 1800bpd.
One of Enwell's shareholders is an "Orthodox cleric and businessman" who has fallen foul of Zelensky's new sanctions against the Russian Orthodox church, but they don't think it affects them. No doubt they will appoint Boris Johnson as a NED to sort things out...
Today 18:38 Thalassa Holdings Ltd (THAL)
STR-Statement re resignation of auditor
https://www.investegate.co.uk/thalassa- ... 3805EKVXA/
The Company announces the resignation of Jeffreys Henry LLP ("Jeffreys Henry") as auditors to the Company...on the grounds that the firm has taken the decision not to register as an auditor eligible to undertake Public Interest Entity audits.
Today 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27256061J/
They bought back 9,768,262 shares at 469.321p = £45,844,472
Today 18:05 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 05016015J/
Following the Company reaching first gas from the Company's Karish field as announced on 26 October 2022, an adjustment has been made to [CEO's] base salary, together with a corresponding further grant of awards under the Company's LTIP, as further detailed below.
Today 18:00 Savannah Energy Plc (SAVE)
Termination of SPA
https://www.investegate.co.uk/savannah- ... 00016022J/
On 13 December 2021, Savannah announced that it had entered into a Share Purchase Agreement ("SPA") with PETRONAS (E&P) Overseas Ventures SDN. BHD. ("PETRONAS") to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon. Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied, and Savannah and PETRONAS have, therefore, mutually agreed to terminate the SPA with immediate effect.
Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015997J/
They bought back 697,731 shares at 309.5287p = £2,159,678
Today 17:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5050H2064/
They bought back 448,331 shares at £23.159 = £10,382,987 and 419,485 shares at €27.016 = £9,734,499 for a total of £20,117,487
Today 17:12 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 12465827J/
On 01-Dec-2022, Liontrust Investment Partners LLP reduced from 7.42% to 4.992% and adjusted their shares vs other formats.
Today 16:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48455939J/
On 12-Dec-2022, Societe Generale reduced from 6.3097% to 5.122% and adjusted their shares vs other formats.
Today 16:08 Barryroe Offshore (BEY)
Exercise of Warrants
https://www.investegate.co.uk/barryroe- ... 08295881J/
862,020 warrants of 1.5p each have been exercised raising £12,930.30 for the Company. The warrants were issued as part of the fundraising in June 2022. Barryroe Offshore Energy Plc has issued a total of 862,020 new Ordinary Shares (the "New Ordinary Shares") to the warrant holders...There remains 96,774,989 £0.015 warrants from the June 2022 fundraising outstanding which will expire on the 26th July 2023.
Today 16:03 Aquila Energy Effcn. (AEET)
Director/PDMR Shareholding
https://www.investegate.co.uk/aquila-en ... 03195877J/
Director buys £ 505.06
Today 15:25 Savannah Energy Plc (SAVE)
Response to Press Statement
https://www.investegate.co.uk/savannah- ... 25005851J/
Following recent press statements...Savannah wishes to make the following statement:
Savannah's acquisition of ExxonMobil's interest in the Doba fields and the TOTCO Pipeline completed on 9 December 2022 was conducted in full conformity with the requirements of the governing documents and the applicable law.
[apparently the Chad Ministry of Energy is claiming that the terms have changed and it wants to cancel the deal]
Today 13:46 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 46275759J/
Shares acquired through participation in the BP ShareMatch UK Plan
Today 13:28 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 28405745J/
On 09-Dec-2022, Bank of America Corporation reduced from 7.921% to 7.157% and adjusted their shares vs other formats.
Today 12:48 Block Energy PLC (BLOE)
Issue of Shares
https://www.investegate.co.uk/block-ene ... 48025701J/
it has issued shares to Jindal Petroleum (Georgia) Limited ("Jindal"). A total of 120,000,000 nil-cost options were granted in 2020 to SLB (formerly Schlumberger) as consideration for the acquisition of Schlumberger Rustaveli Company Limited ("SRCL"), which held Georgia's most productive licence, XIB. As part of the Transaction, SLB assigned a total of 12,000,000 [1.7% of Block] nil-cost options to Jindal (the licence owner of XIB prior to SLB).
Today 11:00 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 00265519J/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's jumped +23.1% with a spike to +28%. Over the last 2 weeks it's soared +138.3% with a spike to +147%.
Today 09:54 Ming Yang Smart Engy (MYSE)
Notice of the First EGM in 2023
https://www.investegate.co.uk/ming-yang ... 54015425J/
the First Extraordinary General Meeting in 2023 of Ming Yang Smart Energy Group Limited will be held at conference room on the 5th floor of Ming Yang Smart Energy Group Limited, Mingyang Industrial Park, No.22, Torch Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan City, Guangdong, People's Republic of China, on Wednesday, 11 January 2023 at 15:00 (Beijing Time) [to approve Grant Thornton as accountants]
Today 09:04 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 04095238J/
On 09-Dec-2022, YF Finance Limited increased from 5.98% to 9.9%.
Today 09:03 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 03295239J/
On 13-Dec-2022, Askar Alshinbayev (Hong Kong Hong Kong) increased from 5.98% to 11.96%.
Today 08:00 AIM ()
Readmission - Savannah Energy plc
https://www.investegate.co.uk/aim/rns/r ... 00004007J/
Following a Reverse Takeover the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Today 07:24 OMV Petrom S.A. (PETB)
Involuntary manslaughter case - court decision
https://www.investegate.co.uk/omv-petro ... 24285152J/
The Local Court Gaiesti ruled its decision in the file where OMV Petrom SA was sent to trial for involuntary manslaughter. The accusation is referring to an incident which occurred in Cobia in 2016 and resulted in the death of a child. The company expresses its deep regret for this tragic loss.
OMV Petrom was found guilty and was convicted to a punishment of a criminal fine amounting to RON 28,000. On the civil side, the court assessed the degree of fault of OMV Petrom SA at 50% and the company was obliged to pay moral damages in total amount of EUR 135,000 to the victim's family and material damages and other expenses in total amount of RON 22,000...The decision is not final. The company will file an appeal against the decision.
Today 07:00 Block Energy PLC (BLOE)
Drilling Update
https://www.investegate.co.uk/block-ene ... 00024397J/
is pleased to announce drilling operations on well WR-B01 ST have commenced....on the west side of the Krtsanisi anticline on the West Rustavi oil field. The well will be drilled c.500m to the west and up-dip of well JKT-01Z, which has been on continuous production for almost a year, with cumulative volumes of over 73,000 boe....
The ERCE 2022 Competent Person's Report ascribed 3.01 million barrels 3P reserves, with an NPV project value of USD 57 million, to just a portion of the West Rustavi/Krtsanisi Middle Eocene reservoir. The Company's contingent resource report ascribes a total of 19.5 million barrels 2C contingent resource to the whole of the West Rustavi/Krtsanisi area.
Today 07:00 Genel Energy PLC (GENL)
Update on Sarta PSC
https://www.investegate.co.uk/genel-ene ... 0007ERYRG/
update on the Sarta PSC (30% working interest and operator). Testing of the Sarta-6 appraisal well has been completed. The well was a six kilometre step out from, and was c.300 metres downdip from, the Phase 1A pilot production area.
12 intervals were completed for individual, isolated, zonal testing of the Lower Jurassic primary objectives (Mus, Adaiyah, and Butmah) and Middle Jurassic secondary objectives (Garagau, Najmah and Sargelu). The primary Lower Jurassic objectives all flowed formation water only while the Middle Jurassic intervals flowed heavy oil (9-11 API from field measurements) at rates ranging from 500 to 900 bopd, and 1,800 bopd when commingled (surface equipment constrained rate).
Today 07:00 Longboat Energy PLC (LBE)
Year-end Update
https://www.investegate.co.uk/longboat- ... 00034527J/
estimates its unaudited, year-end 2022 cash position will be approximately £9 million. Current drawings under the Company's Exploration Finance Facility ("EFF") are NOK 536 million (~£44million) and will be repaid fully from its Norwegian tax rebate due in November 2023.... it has agreed terms with its lending banks to increase its EFF to NOK 800 million (~£65 million) from NOK 600 million and extend the availability period to the end of 2024...
Longboat's next exploration well is currently the high-impact, OMV-operated Velocette prospect (Longboat 20%) due to spud in Q3 2023. Velocette is estimated to contain gross, unrisked mean resources of 177 mmboe (35 mmboe net) with a geological chance of success of 30%*...
The Company is focussed on demonstrating and delivering value from its three key Norwegian discoveries to date (Egyptian Vulture, Kveikje and Oswig) and expects this will be achieved through a combination of appraisal and monetisation projects and intends to provide a further update on its forward activity programme in the new year.
Today 07:00 Predator O&G Hldgs (PRD)
Operations Update
https://www.investegate.co.uk/predator- ... 00034526J/
Initial mobilisation of the Star Valley Rig 101 equipment to the MOU-2 drilling location has commenced and long lead items, including wellheads and other well equipment and materials, have been successfully imported and delivered to the Group's secure warehouse facilities in Guercif. Remaining materials and inventory are in transit and will arrive on location in the coming days. Pre-drilling procurement and delivery is now almost complete. Upon the conclusion of this process a firm spud date will be announced. This will be later than the previous guidance of mid-December...
Mag Mell Energy Ireland Ltd. presented its Mag Mell Floating Storage and Regasification Project to the Security of Supply, Markets and Retail Energy Division at a meeting that took place at the Department of the Environment, Climate and Communications offices at Adelaide Road, Dublin on 2 December 2022. The meeting was extremely constructive and allowed each respective party to be better informed ahead of a decision on various options that may or may not be adopted following the conclusion of the public consultation process on Ireland's security of supply review. The Company believes that these options may be clarified by the end of January 2023....
The Company will shortly update the market on its plans for re-establishing CO2 EOR operations in Trinidad in 2023.
Today 07:00 Beacon Energy PLC (BCE)
Exclusivity Extension
https://www.investegate.co.uk/beacon-en ... 00014192J/
further to previous announcements in relation to a non-binding Heads of Terms ("HoT") for the acquisition of a European oil and gas company ( the "Potential Acquisition") , the previously agreed exclusivity extension period is to be further extended from 12 December to 26 December 2022...
Today 07:00 Invinity Energy Sys (IES)
1.5 MWh Sale to Hyosung Heavy Industries
https://www.investegate.co.uk/invinity- ... 00045078J/
is pleased to announce the sale of a 1.5 MWh Invinity VS3 flow battery system to Hyosung Heavy Industries ("Hyosung") for use by Korea Electric Power Corporation ("KEPCO"), Korea's national electricity utility. On 8 April 2022, Invinity and Hyosung announced their intention to initiate a global partnership, and this strategically significant sale is an important next step in that relationship....On the basis of a successful test programme, Invinity's batteries would expect to become qualified for wider use across the Korean electricity network, potentially opening up numerous grid-scale project opportunities with both Hyosung and KEPCO in Korea...a number of lithium-ion battery fires in existing energy storage sites in Korea has created demand for non-flammable, durable and UL certified technologies such as Invinity's vanadium flow batteries.
Today 07:00 Oil and Gas Devt Co (OGDC)
Minutes of 25th Annual General Meeting
https://www.investegate.co.uk/oil-and-g ... 00015069J/
Enclosed please find a copy of draft minutes of 25th Annual General Meeting of the members of OGDCL held on October 25, 2022 at Islamabad...
http://www.rns-pdf.londonstockexchange. ... -12-13.pdf
Today 07:00 Synergia Energy Ltd (SYN)
Shareholder Presentation
https://www.investegate.co.uk/synergia- ... 00044572J/
is pleased to announce the release of a Shareholder Presentation on its website (http://www.synergiaenergy.com/news).
The Shareholder Presentation includes details of the Company's Cambay field development plans and Cambay economic model in which the base case delivers a pre-tax and pre-financing *NPV10 of $725 million.
Today 07:00 Ashtead Tech Hldgs (AT.)
Holding(s) in Company
https://www.investegate.co.uk/ashtead-t ... 00054560J/
On 09-Dec-2022, JPMorgan Asset Management Holdings Inc. (Wilmington United States of America) reduced from 5.033923% to Below Minimum threshold.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00034568J/
They bought back 181,825 shares at 66.61p = £121,114
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00044557J/
They bought back 33,761 shares at 25.4p = £8,575
Yesterday 18:08 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 08004487J/
They bought back 9,926,316 shares at 460.847p = £45,745,106
Yesterday 18:05 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 05134485J/
On 09-Dec-2022, Zion SPC - Access Fund SP reduced from 9.90% to 0.
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00014394J/
They bought back 794,062 shares at 300.2524p = £2,384,190
Yesterday 17:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5342H1850/
They bought back 1,828,694 shares at £22.860 = £41,803,519 and 1,500,000 shares at €26.619 = £34,308,988 for a total of £76,112,507
Yesterday 17:14 Clean Power Hydrogen (CPH2)
Investment in ATOME Energy plc
https://www.investegate.co.uk/clean-pow ... 14224416J/
the Company has subscribed for 1,412,429 new Ordinary Shares in ATOME Energy plc ("ATOME") at a price of 106.2 pence per share for a total investment of £1.5m as part of ATOME's placing announced today. The subscription will be settled out of the Company's existing cash resources.
Yesterday 17:00 TotalEnergies SE (TTE)
Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z6515/
They bought back 3,923,697 shares at an average of €57.344 = £193,332,098
Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35314357J/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's down -4.7%. Over the last 2 weeks it's been in the usual range.
Yesterday 15:29 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 29224282J/
On 09-Dec-2022, Societe Generale increased from 5.329% to 6.31%.
Yesterday 14:42 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 42294233J/
On 09.12.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited increased from 9.66% to 23.49% after debt restructuring
Yesterday 12:12 Touchstone Exploration Inc (TXP)
Touchstone Exploration to restart drilling after raising $13mln
https://www.investegate.co.uk/touchston ... 1253EKJEN/
Proactive interview with CEO : https://www.youtube.com/watch?v=rbTDUBmoYgc
Yesterday 12:10 PAO Novatek (NVTK)
Representatives of TotalEnergies Resign from BoD
https://www.investegate.co.uk/pao-novat ... 10024059J/
the Company received notices from representatives of TotalEnergies Arnaud Le Foll and Dominique Marion of their resignation from NOVATEK's Board of Directors.
Yesterday 10:34 Petroneft Resources (PTR)
Notice of AGM
https://www.investegate.co.uk/petroneft ... 34303875J/
The 2022 AGM will be held on 29 December 2022 at 10:00am in the Clayton Hotel, Merrion Road, Ballsbridge, Dublin 4, D04 P3C3
Yesterday 10:00 Hurricane Energy PLC (HUR)
Reduction of Capital and Notice of General Meeting
https://www.investegate.co.uk/hurricane ... 00013751J/
a Shareholder Circular and a Notice of General Meeting and the associated form of proxy, for the rescheduled General Meeting to be held on 11 January 2023, have been published today in the Investors section of the Company's website at http://www.hurricaneenergy.com ....The General Meeting is to be held on Wednesday, 11 January 2023 at 10.00 am at The Library Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.
Yesterday 09:47 Woodside Energy Grp. (WDS)
Revised Securities Dealing Policy
https://www.investegate.co.uk/woodside- ... 47073754J/
its revised Securities Dealing Policy (Policy) which is available on the Woodside website at: https://www.woodside.com/who-we-are/cor ... governance.
Yesterday 09:30 PAO Novatek (NVTK)
NOVATEK Announces Discovery of Viktor Girya Field
https://www.investegate.co.uk/pao-novat ... 30003683J/
the Company's subsidiary Arctic LNG 1 completed testing of the first prospecting well within the Bukharinskiy license area adjacent to the Company's Trekhbugorniy license area in the Gydan Peninsula. The work discovered a new gas condensate field, which was confirmed by the relevant opinion from the State Reserves Commission. The discovered field was named after Viktor Girya, an outstanding geologist. He was among those who founded NOVATEK...The new field is estimated to hold recoverable reserves of 52 billion cubic meters [1.8tcf] of natural gas and 2 million tons of liquids under the Russian reserve reporting standards.
Yesterday 07:32 TotalEnergies SE (TTE)
Lebanon: TotalEnergies Mobilizes to Explore Block 9 in 2023
https://www.investegate.co.uk/totalener ... 3200Z6304/
The call for tenders to secure the drilling rig has been launched and should lead to a selection of the rig in the first quarter of 2023.
Yesterday 07:30 AIM ()
Suspension - Kibo Energy plc
https://www.investegate.co.uk/aim/rns/s ... 30012687J/
Pursuant to AIM Rule 1, trading on AIM for the under-mentioned securities has been temporarily suspended from 12/12/2022 7:30am. [waiting for new Nomad to replace Ambrian per Friday RNS]
Yesterday 07:30 AIM ()
Suspension - Savannah Energy PLC
https://www.investegate.co.uk/aim/rns/s ... 30013497J/
At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 12/12/2022 7:30am, pending an announcement and publication of an admission document.
Yesterday 07:01 Velocys PLC (VLS)
£2.5m UK Government grant for new e-fuels project
https://www.investegate.co.uk/velocys-p ... 01023009J/
in addition to the £27m grant from the UK Department for Transport's ("DfT") Advanced Fuels Fund for the Altalto waste-to-SAF project, announced separately today, it has also been awarded a grant of £ 2.5 million from the same fund, to contribute its technology to an e-fuels project in the UK in collaboration with a number of new and existing partners ("E-Fuels Project")....
The £ 2.5 million grant awarded to Velocys under this e-fuels allocation will be used in conjunction with the E-Fuels Project's partners to conduct feasibility, technical validation, site selection and pre-FEED engineering for such a project, to make SAF from carbon dioxide and hydrogen, in the UK. The E-Fuels Project, to be known as "e-Alto", will be managed by Velocys, partners include Clariant Catalysts ("Clariant"), Technip Energies ("T.EN") and British Airways.
Yesterday 07:00 Velocys PLC (VLS)
£27m UK Government grant for Altalto project
https://www.investegate.co.uk/velocys-p ... 00032948J/
awarded a grant of up to £ 27 million from the UK Department for Transport's ("DfT") Advanced Fuels Fund for the Altalto Immingham Sustainable Aviation Fuel ("SAF") project. The purpose of this project, which is being developed under an existing Joint Development Agreement between Velocys and British Airways PLC ("British Airways") is to deliver a commercial waste-to-SAF plant in Immingham, UK. The grant will allow Altalto Immingham to deliver the Front-End Engineering Design ("FEED") stage of the project.
The grant funding will be distributed over the grant period from December 2022 to March 2025 and is conditional upon receipt of private sector matched funding....Velocys' cash contribution into the Altalto Immingham project over the two years from April 2023 is not expected to exceed £ 8 million...commissioning of the Altalto Immingham project is expected to begin in 2027.
Yesterday 07:00 Sound Energy PLC (SOU)
Project Financing Update
https://www.investegate.co.uk/sound-ene ... 00032942J/
The Company announced on 9 August 2022 that it had initiated a formal farm-out process to identify a partner for the Tendrara Production Concession and the surrounding Grand Tendrara and Anoual exploration permits....Following strong levels of interest in the Process from a wide range of credible and well-funded parties, the Company has now received quantified non-binding indications of interest in the Process from several parties and, following review, the Company intends to engage in more detail with the relevant parties....
Good progress continues to be made with the Arranger [of ~$210m project finance] who has recently commenced technical due diligence. To provide sufficient time for this technical diligence process to complete, the parties have entered into a further amendment to the Mandate in order to extend the date by which they will seek to negotiate binding terms for the Financing to 15 March 2023. The exclusivity provided to the Arranger under the Mandate to arrange the Financing has also been extended to 1 June 2023.
Yesterday 07:00 Block Energy PLC (BLOE)
Farmout Agreement
https://www.investegate.co.uk/block-ene ... 00032965J/
Binding documentation entered for a 50% farmout of non-core areas of licence XIB to Georgia Oil and Gas Limited ("GOGL")
· Farmout terms amount to a work programme with an estimated value of USD 3.0 million comprising USD 2.5 million for a 2D seismic acquisition and USD 0.5 million for seismic reprocessing
· Portions being farmed out are exploration areas that would have been subject to relinquishment in 2024, and now form part of Block's new Project IV
· GOGL is the largest exploration company in Georgia and holds acreage of over 13,200 km2 within various PSCs
In 2022, as part of Georgia's drive to achieve energy independence, GOGL received a cash equity investment from Georgia Oil and Gas Corporation ("GOGC"), the state-owned national oil company, to progress high-impact and strategic exploration activities within its portfolio, including the acquisition of 2D seismic, ahead of facilitating farm-in discussions with NOCs and IOCs across the region.
The focus of GOGL is on maturing large, strategically significant gas and oil exploration and appraisal targets within its portfolio, north and south of Block's Samgori oil field.
Yesterday 07:00 Chariot Limited (CHAR)
Moroccan Gas Sales Principles Agreed
https://www.investegate.co.uk/chariot-l ... 00032915J/
it has agreed key principles for long term gas sales from the Anchois Gas Project...· Sales of up to 0.6 BCM per year (c. 60 mmscf per day) on a take or pay basis for a minimum of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline....the Parties will continue discussions regarding Anchois with a view of concluding the binding gas sales agreement. Whilst there is no guarantee that these principles will be turned into a fully termed GSA, the parties are progressing with the next stage of documentation.
Yesterday 07:00 Savannah Energy Plc (SAVE)
SPA Signed with PETRONAS for South Sudan Portfolio
https://www.investegate.co.uk/savannah- ... 00032975J/
it has entered into a Share Purchase Agreement ("SPA") with PETRONAS International Corporation Limited ("PETRONAS") to acquire PETRONAS' entire oil and gas business in South Sudan (the "PETRONAS Assets") through the acquisition of Petronas Carigali Nile Limited ("PCNL") (the "Transaction"), for a total cash consideration of up to US$1.25 billion...acquiring PCNL's interests in three Joint Operating Companies ("JOCs") which operate Block 3/7 (40% working interest ("WI")), Block 1/2/4 (30% WI) and Block 5A (67.9% WI), in South Sudan. The PETRONAS Assets comprise of interests in 64 producing fields, with first production having commenced in 1999. In 2021, the PETRONAS Assets produced an average gross 153.2 Kbopd....
Trading in the Company's ordinary shares will be suspended from trading on AIM with effect from 7.30 a.m. this morning, and will remain so pending publication of an AIM Admission Document setting out, inter alia, details of the Transaction, or confirmation is provided that the Transaction has been terminated. The Company intends to publish an AIM Admission Document in H1 2023, which will contain a notice of general meeting at which shareholder approval shall be sought, and, following which publication, the Company would seek restoration to trading on AIM of its ordinary shares.
Yesterday 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H1505/
directors have purchased an aggregate of 1,020,000 common shares in Falcon.
Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00032944J/
They bought back 130,000 shares at 66.56p = £86,528
Friday 18:31 Savannah Energy Plc (SAVE)
Exxon Transaction Completion & Supplemental Ad Doc
https://www.investegate.co.uk/savannah- ... 31412876J/
is pleased to announce the completion of its acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets (through the acquisition of the former operator, Esso Exploration and Production Chad, Inc.)...Following the completion of the ExxonMobil Transaction, Savannah now owns a 40% interest in the Doba Oil Project and an effective c. 40% indirect interest in the Chad-Cameroon export transportation system:
· The Doba Oil Project comprises interests in seven producing fields - Kome, Miandoum, Bolobo, Moundouli, Maikeri, Nya and Timbre - with a combined gross 2P Reserve base of 142.3 MMbbls as at 1 October 2022 and expected 2022 gross production of 28.0 Kbopd; and
· The Chad-Cameroon export transportation system comprises a 1,081 km pipeline and the Kome Kribi 1 floating storage and offloading facility, offshore Cameroon (along with all associated facilities). The Chad/Cameroon pipeline is 30" in diameter with a nameplate capacity of 250 Kbopd and an estimated pipeline throughput in 2022 of 124 Kbopd, from more than 15 fields...
We are delighted to announce the completion of our US$407 million acquisition of ExxonMobil's upstream and midstream businesses in Chad and Cameroon....
Outside of Chad and Cameroon, we expect that, in the coming months, we will further augment our corporate growth profile through the announcement of additional hydrocarbon asset acquisitions and the initiation of new utility-scale renewable energy projects (in addition to our existing up to 750MW project pipeline)....
is pleased to announce that the proposed appointments of [Olympic judoka] Sarah Clark and Dr Djamila Ferdjani as Non-Executive Directors of the Board will become effective on completion of the ExxonMobil Transaction. The appointment of Sylvie Rucar has been delayed due to personal reasons and is now anticipated to become effective during early 2023.
1.306bn shares => £343m market cap
Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00002794J/
They bought back 795,685 shares at 300.1006p = £2,387,855
Friday 17:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5618H1447/
They bought back 1,298,583 shares at £22.907 = £29,745,991 and 1,906,637 shares at €26.672 = £43,681,884 for a total of £73,427,876
Friday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39102845J/
They bought back 9,752,984 shares at 459.680p = £44,832,532
Friday 16:57 Enwell Energy PLC (ENW)
Restrictive Measures Affecting Major Shareholder
https://www.investegate.co.uk/enwell-en ... 57272785J/
comments on a regulatory action within Ukraine affecting a major indirect shareholder of the Company ....special economic and other restrictive measures (sanctions) were applied to ten individuals, all of whom are Orthodox religious clerics. One of these individuals is Vadym Novynskyi, who is also a Ukrainian businessman, who holds a major indirect shareholding interest in the Company...the Company's legal analysis is that the restrictive measures imposed are directed at the named individuals (and not any other legal entities) and are applicable solely within Ukraine.The restrictive measures are therefore not directed at the Company, which continues its normal operations. The Company will continue to monitor the situation and consult with its external legal advisers as to whether the Decree could affect the Company.
Busy time for the Savannah boys - they complete the $407m acquisition of Exxon's 40% share of the the Doba project in Chad (57 MMbbls/11.2kbpd net) and the 672-mile pipeline through Cameroon, but fail to complete on Petronas' 35% share, which may be something to do with Chad claiming the deal is illegal. An Olympic judoka joining the board may help solve any...disagreements?!! But instead they're spending $1250m on Petronas' South Sudan portfolio - three JOC's with 30-68% WI in 153kbpd gross (so anywhere between 46-104kbpd net, probably 60-70ish?).
Elsewhere, Chariot get an outline gas deal in Morocco, Block farm out some non-core acreage for $3m work whilst spudding WR-B01 ST, Sound make some more progress on financing Tendrara, Velocys get nearly £30m of grants for the FEED of their waste-to-synthetic-aviation-fuel plant at Immingham, and initial work on electricity-to-SAF. Novatek have found 1.8tcf of gas in the Siberian Arctic, the very next trading day after Total pull out. Can't remember if Synergia have said NPV10 of Cambay is $725 million before. Invinity continue to soar with a battery sale in Korea. Predator talk up their Irish and Trinidad assets as up for a deal. Longboat look well below cash value if you can wait for the Norwegian tax man to cough up his rebate, meanwhile they expand the loan against it - deals to come? Flow rates at Genel's Sarta-6 were limited by surface equipment to 1800bpd.
One of Enwell's shareholders is an "Orthodox cleric and businessman" who has fallen foul of Zelensky's new sanctions against the Russian Orthodox church, but they don't think it affects them. No doubt they will appoint Boris Johnson as a NED to sort things out...
Brent=$80.51(December) WTI=$75.25(December,Brent-5.26) Nymex gas=$6.96(December)
NBP =343p(December,Nymex+35.47) TTF=€137.529(January,Nymex+35.91) JKM=$33.345(January,Nymex+26.38)
Today 18:38 Thalassa Holdings Ltd (THAL)
STR-Statement re resignation of auditor
https://www.investegate.co.uk/thalassa- ... 3805EKVXA/
The Company announces the resignation of Jeffreys Henry LLP ("Jeffreys Henry") as auditors to the Company...on the grounds that the firm has taken the decision not to register as an auditor eligible to undertake Public Interest Entity audits.
Today 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27256061J/
They bought back 9,768,262 shares at 469.321p = £45,844,472
Today 18:05 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 05016015J/
Following the Company reaching first gas from the Company's Karish field as announced on 26 October 2022, an adjustment has been made to [CEO's] base salary, together with a corresponding further grant of awards under the Company's LTIP, as further detailed below.
Today 18:00 Savannah Energy Plc (SAVE)
Termination of SPA
https://www.investegate.co.uk/savannah- ... 00016022J/
On 13 December 2021, Savannah announced that it had entered into a Share Purchase Agreement ("SPA") with PETRONAS (E&P) Overseas Ventures SDN. BHD. ("PETRONAS") to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon. Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied, and Savannah and PETRONAS have, therefore, mutually agreed to terminate the SPA with immediate effect.
Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015997J/
They bought back 697,731 shares at 309.5287p = £2,159,678
Today 17:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5050H2064/
They bought back 448,331 shares at £23.159 = £10,382,987 and 419,485 shares at €27.016 = £9,734,499 for a total of £20,117,487
Today 17:12 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 12465827J/
On 01-Dec-2022, Liontrust Investment Partners LLP reduced from 7.42% to 4.992% and adjusted their shares vs other formats.
Today 16:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48455939J/
On 12-Dec-2022, Societe Generale reduced from 6.3097% to 5.122% and adjusted their shares vs other formats.
Today 16:08 Barryroe Offshore (BEY)
Exercise of Warrants
https://www.investegate.co.uk/barryroe- ... 08295881J/
862,020 warrants of 1.5p each have been exercised raising £12,930.30 for the Company. The warrants were issued as part of the fundraising in June 2022. Barryroe Offshore Energy Plc has issued a total of 862,020 new Ordinary Shares (the "New Ordinary Shares") to the warrant holders...There remains 96,774,989 £0.015 warrants from the June 2022 fundraising outstanding which will expire on the 26th July 2023.
Today 16:03 Aquila Energy Effcn. (AEET)
Director/PDMR Shareholding
https://www.investegate.co.uk/aquila-en ... 03195877J/
Director buys £ 505.06
Today 15:25 Savannah Energy Plc (SAVE)
Response to Press Statement
https://www.investegate.co.uk/savannah- ... 25005851J/
Following recent press statements...Savannah wishes to make the following statement:
Savannah's acquisition of ExxonMobil's interest in the Doba fields and the TOTCO Pipeline completed on 9 December 2022 was conducted in full conformity with the requirements of the governing documents and the applicable law.
[apparently the Chad Ministry of Energy is claiming that the terms have changed and it wants to cancel the deal]
Today 13:46 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 46275759J/
Shares acquired through participation in the BP ShareMatch UK Plan
Today 13:28 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 28405745J/
On 09-Dec-2022, Bank of America Corporation reduced from 7.921% to 7.157% and adjusted their shares vs other formats.
Today 12:48 Block Energy PLC (BLOE)
Issue of Shares
https://www.investegate.co.uk/block-ene ... 48025701J/
it has issued shares to Jindal Petroleum (Georgia) Limited ("Jindal"). A total of 120,000,000 nil-cost options were granted in 2020 to SLB (formerly Schlumberger) as consideration for the acquisition of Schlumberger Rustaveli Company Limited ("SRCL"), which held Georgia's most productive licence, XIB. As part of the Transaction, SLB assigned a total of 12,000,000 [1.7% of Block] nil-cost options to Jindal (the licence owner of XIB prior to SLB).
Today 11:00 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 00265519J/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's jumped +23.1% with a spike to +28%. Over the last 2 weeks it's soared +138.3% with a spike to +147%.
Today 09:54 Ming Yang Smart Engy (MYSE)
Notice of the First EGM in 2023
https://www.investegate.co.uk/ming-yang ... 54015425J/
the First Extraordinary General Meeting in 2023 of Ming Yang Smart Energy Group Limited will be held at conference room on the 5th floor of Ming Yang Smart Energy Group Limited, Mingyang Industrial Park, No.22, Torch Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan City, Guangdong, People's Republic of China, on Wednesday, 11 January 2023 at 15:00 (Beijing Time) [to approve Grant Thornton as accountants]
Today 09:04 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 04095238J/
On 09-Dec-2022, YF Finance Limited increased from 5.98% to 9.9%.
Today 09:03 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 03295239J/
On 13-Dec-2022, Askar Alshinbayev (Hong Kong Hong Kong) increased from 5.98% to 11.96%.
Today 08:00 AIM ()
Readmission - Savannah Energy plc
https://www.investegate.co.uk/aim/rns/r ... 00004007J/
Following a Reverse Takeover the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Today 07:24 OMV Petrom S.A. (PETB)
Involuntary manslaughter case - court decision
https://www.investegate.co.uk/omv-petro ... 24285152J/
The Local Court Gaiesti ruled its decision in the file where OMV Petrom SA was sent to trial for involuntary manslaughter. The accusation is referring to an incident which occurred in Cobia in 2016 and resulted in the death of a child. The company expresses its deep regret for this tragic loss.
OMV Petrom was found guilty and was convicted to a punishment of a criminal fine amounting to RON 28,000. On the civil side, the court assessed the degree of fault of OMV Petrom SA at 50% and the company was obliged to pay moral damages in total amount of EUR 135,000 to the victim's family and material damages and other expenses in total amount of RON 22,000...The decision is not final. The company will file an appeal against the decision.
Today 07:00 Block Energy PLC (BLOE)
Drilling Update
https://www.investegate.co.uk/block-ene ... 00024397J/
is pleased to announce drilling operations on well WR-B01 ST have commenced....on the west side of the Krtsanisi anticline on the West Rustavi oil field. The well will be drilled c.500m to the west and up-dip of well JKT-01Z, which has been on continuous production for almost a year, with cumulative volumes of over 73,000 boe....
The ERCE 2022 Competent Person's Report ascribed 3.01 million barrels 3P reserves, with an NPV project value of USD 57 million, to just a portion of the West Rustavi/Krtsanisi Middle Eocene reservoir. The Company's contingent resource report ascribes a total of 19.5 million barrels 2C contingent resource to the whole of the West Rustavi/Krtsanisi area.
Today 07:00 Genel Energy PLC (GENL)
Update on Sarta PSC
https://www.investegate.co.uk/genel-ene ... 0007ERYRG/
update on the Sarta PSC (30% working interest and operator). Testing of the Sarta-6 appraisal well has been completed. The well was a six kilometre step out from, and was c.300 metres downdip from, the Phase 1A pilot production area.
12 intervals were completed for individual, isolated, zonal testing of the Lower Jurassic primary objectives (Mus, Adaiyah, and Butmah) and Middle Jurassic secondary objectives (Garagau, Najmah and Sargelu). The primary Lower Jurassic objectives all flowed formation water only while the Middle Jurassic intervals flowed heavy oil (9-11 API from field measurements) at rates ranging from 500 to 900 bopd, and 1,800 bopd when commingled (surface equipment constrained rate).
Today 07:00 Longboat Energy PLC (LBE)
Year-end Update
https://www.investegate.co.uk/longboat- ... 00034527J/
estimates its unaudited, year-end 2022 cash position will be approximately £9 million. Current drawings under the Company's Exploration Finance Facility ("EFF") are NOK 536 million (~£44million) and will be repaid fully from its Norwegian tax rebate due in November 2023.... it has agreed terms with its lending banks to increase its EFF to NOK 800 million (~£65 million) from NOK 600 million and extend the availability period to the end of 2024...
Longboat's next exploration well is currently the high-impact, OMV-operated Velocette prospect (Longboat 20%) due to spud in Q3 2023. Velocette is estimated to contain gross, unrisked mean resources of 177 mmboe (35 mmboe net) with a geological chance of success of 30%*...
The Company is focussed on demonstrating and delivering value from its three key Norwegian discoveries to date (Egyptian Vulture, Kveikje and Oswig) and expects this will be achieved through a combination of appraisal and monetisation projects and intends to provide a further update on its forward activity programme in the new year.
Today 07:00 Predator O&G Hldgs (PRD)
Operations Update
https://www.investegate.co.uk/predator- ... 00034526J/
Initial mobilisation of the Star Valley Rig 101 equipment to the MOU-2 drilling location has commenced and long lead items, including wellheads and other well equipment and materials, have been successfully imported and delivered to the Group's secure warehouse facilities in Guercif. Remaining materials and inventory are in transit and will arrive on location in the coming days. Pre-drilling procurement and delivery is now almost complete. Upon the conclusion of this process a firm spud date will be announced. This will be later than the previous guidance of mid-December...
Mag Mell Energy Ireland Ltd. presented its Mag Mell Floating Storage and Regasification Project to the Security of Supply, Markets and Retail Energy Division at a meeting that took place at the Department of the Environment, Climate and Communications offices at Adelaide Road, Dublin on 2 December 2022. The meeting was extremely constructive and allowed each respective party to be better informed ahead of a decision on various options that may or may not be adopted following the conclusion of the public consultation process on Ireland's security of supply review. The Company believes that these options may be clarified by the end of January 2023....
The Company will shortly update the market on its plans for re-establishing CO2 EOR operations in Trinidad in 2023.
Today 07:00 Beacon Energy PLC (BCE)
Exclusivity Extension
https://www.investegate.co.uk/beacon-en ... 00014192J/
further to previous announcements in relation to a non-binding Heads of Terms ("HoT") for the acquisition of a European oil and gas company ( the "Potential Acquisition") , the previously agreed exclusivity extension period is to be further extended from 12 December to 26 December 2022...
Today 07:00 Invinity Energy Sys (IES)
1.5 MWh Sale to Hyosung Heavy Industries
https://www.investegate.co.uk/invinity- ... 00045078J/
is pleased to announce the sale of a 1.5 MWh Invinity VS3 flow battery system to Hyosung Heavy Industries ("Hyosung") for use by Korea Electric Power Corporation ("KEPCO"), Korea's national electricity utility. On 8 April 2022, Invinity and Hyosung announced their intention to initiate a global partnership, and this strategically significant sale is an important next step in that relationship....On the basis of a successful test programme, Invinity's batteries would expect to become qualified for wider use across the Korean electricity network, potentially opening up numerous grid-scale project opportunities with both Hyosung and KEPCO in Korea...a number of lithium-ion battery fires in existing energy storage sites in Korea has created demand for non-flammable, durable and UL certified technologies such as Invinity's vanadium flow batteries.
Today 07:00 Oil and Gas Devt Co (OGDC)
Minutes of 25th Annual General Meeting
https://www.investegate.co.uk/oil-and-g ... 00015069J/
Enclosed please find a copy of draft minutes of 25th Annual General Meeting of the members of OGDCL held on October 25, 2022 at Islamabad...
http://www.rns-pdf.londonstockexchange. ... -12-13.pdf
Today 07:00 Synergia Energy Ltd (SYN)
Shareholder Presentation
https://www.investegate.co.uk/synergia- ... 00044572J/
is pleased to announce the release of a Shareholder Presentation on its website (http://www.synergiaenergy.com/news).
The Shareholder Presentation includes details of the Company's Cambay field development plans and Cambay economic model in which the base case delivers a pre-tax and pre-financing *NPV10 of $725 million.
Today 07:00 Ashtead Tech Hldgs (AT.)
Holding(s) in Company
https://www.investegate.co.uk/ashtead-t ... 00054560J/
On 09-Dec-2022, JPMorgan Asset Management Holdings Inc. (Wilmington United States of America) reduced from 5.033923% to Below Minimum threshold.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00034568J/
They bought back 181,825 shares at 66.61p = £121,114
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00044557J/
They bought back 33,761 shares at 25.4p = £8,575
Yesterday 18:08 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 08004487J/
They bought back 9,926,316 shares at 460.847p = £45,745,106
Yesterday 18:05 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 05134485J/
On 09-Dec-2022, Zion SPC - Access Fund SP reduced from 9.90% to 0.
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00014394J/
They bought back 794,062 shares at 300.2524p = £2,384,190
Yesterday 17:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5342H1850/
They bought back 1,828,694 shares at £22.860 = £41,803,519 and 1,500,000 shares at €26.619 = £34,308,988 for a total of £76,112,507
Yesterday 17:14 Clean Power Hydrogen (CPH2)
Investment in ATOME Energy plc
https://www.investegate.co.uk/clean-pow ... 14224416J/
the Company has subscribed for 1,412,429 new Ordinary Shares in ATOME Energy plc ("ATOME") at a price of 106.2 pence per share for a total investment of £1.5m as part of ATOME's placing announced today. The subscription will be settled out of the Company's existing cash resources.
Yesterday 17:00 TotalEnergies SE (TTE)
Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z6515/
They bought back 3,923,697 shares at an average of €57.344 = £193,332,098
Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35314357J/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's down -4.7%. Over the last 2 weeks it's been in the usual range.
Yesterday 15:29 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 29224282J/
On 09-Dec-2022, Societe Generale increased from 5.329% to 6.31%.
Yesterday 14:42 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 42294233J/
On 09.12.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited increased from 9.66% to 23.49% after debt restructuring
Yesterday 12:12 Touchstone Exploration Inc (TXP)
Touchstone Exploration to restart drilling after raising $13mln
https://www.investegate.co.uk/touchston ... 1253EKJEN/
Proactive interview with CEO : https://www.youtube.com/watch?v=rbTDUBmoYgc
Yesterday 12:10 PAO Novatek (NVTK)
Representatives of TotalEnergies Resign from BoD
https://www.investegate.co.uk/pao-novat ... 10024059J/
the Company received notices from representatives of TotalEnergies Arnaud Le Foll and Dominique Marion of their resignation from NOVATEK's Board of Directors.
Yesterday 10:34 Petroneft Resources (PTR)
Notice of AGM
https://www.investegate.co.uk/petroneft ... 34303875J/
The 2022 AGM will be held on 29 December 2022 at 10:00am in the Clayton Hotel, Merrion Road, Ballsbridge, Dublin 4, D04 P3C3
Yesterday 10:00 Hurricane Energy PLC (HUR)
Reduction of Capital and Notice of General Meeting
https://www.investegate.co.uk/hurricane ... 00013751J/
a Shareholder Circular and a Notice of General Meeting and the associated form of proxy, for the rescheduled General Meeting to be held on 11 January 2023, have been published today in the Investors section of the Company's website at http://www.hurricaneenergy.com ....The General Meeting is to be held on Wednesday, 11 January 2023 at 10.00 am at The Library Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.
Yesterday 09:47 Woodside Energy Grp. (WDS)
Revised Securities Dealing Policy
https://www.investegate.co.uk/woodside- ... 47073754J/
its revised Securities Dealing Policy (Policy) which is available on the Woodside website at: https://www.woodside.com/who-we-are/cor ... governance.
Yesterday 09:30 PAO Novatek (NVTK)
NOVATEK Announces Discovery of Viktor Girya Field
https://www.investegate.co.uk/pao-novat ... 30003683J/
the Company's subsidiary Arctic LNG 1 completed testing of the first prospecting well within the Bukharinskiy license area adjacent to the Company's Trekhbugorniy license area in the Gydan Peninsula. The work discovered a new gas condensate field, which was confirmed by the relevant opinion from the State Reserves Commission. The discovered field was named after Viktor Girya, an outstanding geologist. He was among those who founded NOVATEK...The new field is estimated to hold recoverable reserves of 52 billion cubic meters [1.8tcf] of natural gas and 2 million tons of liquids under the Russian reserve reporting standards.
Yesterday 07:32 TotalEnergies SE (TTE)
Lebanon: TotalEnergies Mobilizes to Explore Block 9 in 2023
https://www.investegate.co.uk/totalener ... 3200Z6304/
The call for tenders to secure the drilling rig has been launched and should lead to a selection of the rig in the first quarter of 2023.
Yesterday 07:30 AIM ()
Suspension - Kibo Energy plc
https://www.investegate.co.uk/aim/rns/s ... 30012687J/
Pursuant to AIM Rule 1, trading on AIM for the under-mentioned securities has been temporarily suspended from 12/12/2022 7:30am. [waiting for new Nomad to replace Ambrian per Friday RNS]
Yesterday 07:30 AIM ()
Suspension - Savannah Energy PLC
https://www.investegate.co.uk/aim/rns/s ... 30013497J/
At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 12/12/2022 7:30am, pending an announcement and publication of an admission document.
Yesterday 07:01 Velocys PLC (VLS)
£2.5m UK Government grant for new e-fuels project
https://www.investegate.co.uk/velocys-p ... 01023009J/
in addition to the £27m grant from the UK Department for Transport's ("DfT") Advanced Fuels Fund for the Altalto waste-to-SAF project, announced separately today, it has also been awarded a grant of £ 2.5 million from the same fund, to contribute its technology to an e-fuels project in the UK in collaboration with a number of new and existing partners ("E-Fuels Project")....
The £ 2.5 million grant awarded to Velocys under this e-fuels allocation will be used in conjunction with the E-Fuels Project's partners to conduct feasibility, technical validation, site selection and pre-FEED engineering for such a project, to make SAF from carbon dioxide and hydrogen, in the UK. The E-Fuels Project, to be known as "e-Alto", will be managed by Velocys, partners include Clariant Catalysts ("Clariant"), Technip Energies ("T.EN") and British Airways.
Yesterday 07:00 Velocys PLC (VLS)
£27m UK Government grant for Altalto project
https://www.investegate.co.uk/velocys-p ... 00032948J/
awarded a grant of up to £ 27 million from the UK Department for Transport's ("DfT") Advanced Fuels Fund for the Altalto Immingham Sustainable Aviation Fuel ("SAF") project. The purpose of this project, which is being developed under an existing Joint Development Agreement between Velocys and British Airways PLC ("British Airways") is to deliver a commercial waste-to-SAF plant in Immingham, UK. The grant will allow Altalto Immingham to deliver the Front-End Engineering Design ("FEED") stage of the project.
The grant funding will be distributed over the grant period from December 2022 to March 2025 and is conditional upon receipt of private sector matched funding....Velocys' cash contribution into the Altalto Immingham project over the two years from April 2023 is not expected to exceed £ 8 million...commissioning of the Altalto Immingham project is expected to begin in 2027.
Yesterday 07:00 Sound Energy PLC (SOU)
Project Financing Update
https://www.investegate.co.uk/sound-ene ... 00032942J/
The Company announced on 9 August 2022 that it had initiated a formal farm-out process to identify a partner for the Tendrara Production Concession and the surrounding Grand Tendrara and Anoual exploration permits....Following strong levels of interest in the Process from a wide range of credible and well-funded parties, the Company has now received quantified non-binding indications of interest in the Process from several parties and, following review, the Company intends to engage in more detail with the relevant parties....
Good progress continues to be made with the Arranger [of ~$210m project finance] who has recently commenced technical due diligence. To provide sufficient time for this technical diligence process to complete, the parties have entered into a further amendment to the Mandate in order to extend the date by which they will seek to negotiate binding terms for the Financing to 15 March 2023. The exclusivity provided to the Arranger under the Mandate to arrange the Financing has also been extended to 1 June 2023.
Yesterday 07:00 Block Energy PLC (BLOE)
Farmout Agreement
https://www.investegate.co.uk/block-ene ... 00032965J/
Binding documentation entered for a 50% farmout of non-core areas of licence XIB to Georgia Oil and Gas Limited ("GOGL")
· Farmout terms amount to a work programme with an estimated value of USD 3.0 million comprising USD 2.5 million for a 2D seismic acquisition and USD 0.5 million for seismic reprocessing
· Portions being farmed out are exploration areas that would have been subject to relinquishment in 2024, and now form part of Block's new Project IV
· GOGL is the largest exploration company in Georgia and holds acreage of over 13,200 km2 within various PSCs
In 2022, as part of Georgia's drive to achieve energy independence, GOGL received a cash equity investment from Georgia Oil and Gas Corporation ("GOGC"), the state-owned national oil company, to progress high-impact and strategic exploration activities within its portfolio, including the acquisition of 2D seismic, ahead of facilitating farm-in discussions with NOCs and IOCs across the region.
The focus of GOGL is on maturing large, strategically significant gas and oil exploration and appraisal targets within its portfolio, north and south of Block's Samgori oil field.
Yesterday 07:00 Chariot Limited (CHAR)
Moroccan Gas Sales Principles Agreed
https://www.investegate.co.uk/chariot-l ... 00032915J/
it has agreed key principles for long term gas sales from the Anchois Gas Project...· Sales of up to 0.6 BCM per year (c. 60 mmscf per day) on a take or pay basis for a minimum of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline....the Parties will continue discussions regarding Anchois with a view of concluding the binding gas sales agreement. Whilst there is no guarantee that these principles will be turned into a fully termed GSA, the parties are progressing with the next stage of documentation.
Yesterday 07:00 Savannah Energy Plc (SAVE)
SPA Signed with PETRONAS for South Sudan Portfolio
https://www.investegate.co.uk/savannah- ... 00032975J/
it has entered into a Share Purchase Agreement ("SPA") with PETRONAS International Corporation Limited ("PETRONAS") to acquire PETRONAS' entire oil and gas business in South Sudan (the "PETRONAS Assets") through the acquisition of Petronas Carigali Nile Limited ("PCNL") (the "Transaction"), for a total cash consideration of up to US$1.25 billion...acquiring PCNL's interests in three Joint Operating Companies ("JOCs") which operate Block 3/7 (40% working interest ("WI")), Block 1/2/4 (30% WI) and Block 5A (67.9% WI), in South Sudan. The PETRONAS Assets comprise of interests in 64 producing fields, with first production having commenced in 1999. In 2021, the PETRONAS Assets produced an average gross 153.2 Kbopd....
Trading in the Company's ordinary shares will be suspended from trading on AIM with effect from 7.30 a.m. this morning, and will remain so pending publication of an AIM Admission Document setting out, inter alia, details of the Transaction, or confirmation is provided that the Transaction has been terminated. The Company intends to publish an AIM Admission Document in H1 2023, which will contain a notice of general meeting at which shareholder approval shall be sought, and, following which publication, the Company would seek restoration to trading on AIM of its ordinary shares.
Yesterday 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H1505/
directors have purchased an aggregate of 1,020,000 common shares in Falcon.
Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00032944J/
They bought back 130,000 shares at 66.56p = £86,528
Friday 18:31 Savannah Energy Plc (SAVE)
Exxon Transaction Completion & Supplemental Ad Doc
https://www.investegate.co.uk/savannah- ... 31412876J/
is pleased to announce the completion of its acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets (through the acquisition of the former operator, Esso Exploration and Production Chad, Inc.)...Following the completion of the ExxonMobil Transaction, Savannah now owns a 40% interest in the Doba Oil Project and an effective c. 40% indirect interest in the Chad-Cameroon export transportation system:
· The Doba Oil Project comprises interests in seven producing fields - Kome, Miandoum, Bolobo, Moundouli, Maikeri, Nya and Timbre - with a combined gross 2P Reserve base of 142.3 MMbbls as at 1 October 2022 and expected 2022 gross production of 28.0 Kbopd; and
· The Chad-Cameroon export transportation system comprises a 1,081 km pipeline and the Kome Kribi 1 floating storage and offloading facility, offshore Cameroon (along with all associated facilities). The Chad/Cameroon pipeline is 30" in diameter with a nameplate capacity of 250 Kbopd and an estimated pipeline throughput in 2022 of 124 Kbopd, from more than 15 fields...
We are delighted to announce the completion of our US$407 million acquisition of ExxonMobil's upstream and midstream businesses in Chad and Cameroon....
Outside of Chad and Cameroon, we expect that, in the coming months, we will further augment our corporate growth profile through the announcement of additional hydrocarbon asset acquisitions and the initiation of new utility-scale renewable energy projects (in addition to our existing up to 750MW project pipeline)....
is pleased to announce that the proposed appointments of [Olympic judoka] Sarah Clark and Dr Djamila Ferdjani as Non-Executive Directors of the Board will become effective on completion of the ExxonMobil Transaction. The appointment of Sylvie Rucar has been delayed due to personal reasons and is now anticipated to become effective during early 2023.
1.306bn shares => £343m market cap
Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00002794J/
They bought back 795,685 shares at 300.1006p = £2,387,855
Friday 17:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5618H1447/
They bought back 1,298,583 shares at £22.907 = £29,745,991 and 1,906,637 shares at €26.672 = £43,681,884 for a total of £73,427,876
Friday 17:39 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 39102845J/
They bought back 9,752,984 shares at 459.680p = £44,832,532
Friday 16:57 Enwell Energy PLC (ENW)
Restrictive Measures Affecting Major Shareholder
https://www.investegate.co.uk/enwell-en ... 57272785J/
comments on a regulatory action within Ukraine affecting a major indirect shareholder of the Company ....special economic and other restrictive measures (sanctions) were applied to ten individuals, all of whom are Orthodox religious clerics. One of these individuals is Vadym Novynskyi, who is also a Ukrainian businessman, who holds a major indirect shareholding interest in the Company...the Company's legal analysis is that the restrictive measures imposed are directed at the named individuals (and not any other legal entities) and are applicable solely within Ukraine.The restrictive measures are therefore not directed at the Company, which continues its normal operations. The Company will continue to monitor the situation and consult with its external legal advisers as to whether the Decree could affect the Company.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Igas on track, Afentra's big Angolan acquisition is a bit behind schedule, banks take 10% of GMS because they've not given them enough business, GETECH demolish Inverness' gas holder as part of their project to reinvent the site for hydrogen storage, Mosman are completing Cinnabar-1 and Barryroe suddenly lose their CFO, apparently without biscuits.
Today 07:25 Mosman Oil & Gas (MSMN)
Cinnabar-1 well production update
https://www.investegate.co.uk/mosman-oi ... 25226653J/
The Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production. Mosman confirms that the service rig is now on site and has started work on completing the well. Initial production flow rates are anticipated to be announced in 7-10 days.
Today 07:01 Diversified Energy (DEC)
Holding(s) in Company
https://www.investegate.co.uk/diversifi ... 01025880J/
On 12/12/2022, GLG Partners LP increased from less than 5% to 5.0198%.
Today 07:00 Afentra PLC (AET)
Update on the Angolan Acquisitions
https://www.investegate.co.uk/afentra-p ... 00036089J/
On 28 April 2022, the Company announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, had signed a sale and purchase agreement with Sonangol Pesquisa e Producao S.A. ('Sonangol') to purchase non-operating interests in Block 3/05 (20%) and Block 23 (40%), offshore Angola...continuing to make good progress on the transaction [but delays to new PSA mean it's pushed back to Q1. Bolt-on acquisition of a further share from INA is on track for "early 2023" and won't need an extension]...
Block 3/05 production for the first nine months of 2022 has been stable and in-line with expectation at ~4,600 bopd net to Afentra upon completion of the Sonangol and INA Acquisition
Today 07:00 Igas Energy PLC (IGAS)
Operations Update
https://www.investegate.co.uk/igas-ener ... 00025938J/
The Company remains on track to deliver its full year production forecast of 1,900-1,950 boepd. In early October a production drive was initiated to ensure wells, plant and equipment had the maximum uptime, going from 3 to 5 fully operational rigs, returning 18 offline wells to production, converting 2 wells from jet pump to beam pumps, lowering operating costs and significantly increasing water injection capacity across our asset base.
The planning application for the Glentworth project has now been submitted to Lincolnshire County Council and we await validation. Phase I has the potential to add c.200 bbls/d and development of c.1.0 mmstb 2P reserves....
The joint application with SSE to the Green Heat Network Fund is now under consideration by the scheme managers, Triplepoint, and BEIS and we await a decision in early 2023. A total of five tenders have been submitted through the Carbon Energy Fund to conduct detailed feasibility studies into supplying renewable heat to five NHS Trusts.
Today 07:00 GETECH Group plc (GTC)
Milestone achieved in Inverness
https://www.investegate.co.uk/getech-gr ... 00045962J/
phase one has seen the successful deconstruction of Inverness' former gas holder, paving the way to convert a legacy natural gas holder site into a future green hydrogen storage and distribution facility.
Today 07:00 Gulf Marine Services (GMS)
Warrant Calculations
https://www.investegate.co.uk/gulf-mari ... 00036081J/
As previously reported, the Company is obliged to issue warrants to the Company's consortium of lending banks ("Lenders") by 2 January 2023 pursuant to the terms of the 2021 common terms agreement ("CTA"), in the absence of the Company raising at least U.S.$50 million in new equity by 31 December 2022....
As determined by the calculation agent:
· the exercise price is £0.0711; and
· the total number of ordinary shares to be issued if all of the warrants are exercised is 110,964,433. [~10%]
Today 07:00 Barryroe Offshore (BEY)
CFO Resignation
https://www.investegate.co.uk/barryroe- ... 00026034J/
has accepted notice of the resignation of Simon Brett, Chief Financial Officer, to take effect from 28th February 2023. Over the coming weeks, the Board will finalise its succession planning for the role of Chief Financial Officer.
Today 07:00 Diversified Energy (DEC)
Q2 2022 Dividend Exchange Rate
https://www.investegate.co.uk/diversifi ... 00045884J/
Shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 3.45 pence per share, based on the 12 December 2022 exchange rate of GBP 0.81150=US $1.00.
Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H2067/
Non-exec buys £6.7k
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00026079J/
They bought back 223,178 shares at 67.67p = £151,025
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00046120J/
They bought back 100,000 shares at 29.15p = £29,150
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00025994J/
They bought back 16,239 shares at 25p = £4,060
Brent=$80.47(December) WTI=$75.22(December,Brent-5.25) Nymex gas=$6.74(December)
NBP =341.32p(December,Nymex+35.41) TTF=€133.340(January,Nymex+34.78) JKM=$33.345(January,Nymex+26.60)
Today 07:25 Mosman Oil & Gas (MSMN)
Cinnabar-1 well production update
https://www.investegate.co.uk/mosman-oi ... 25226653J/
The Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production. Mosman confirms that the service rig is now on site and has started work on completing the well. Initial production flow rates are anticipated to be announced in 7-10 days.
Today 07:01 Diversified Energy (DEC)
Holding(s) in Company
https://www.investegate.co.uk/diversifi ... 01025880J/
On 12/12/2022, GLG Partners LP increased from less than 5% to 5.0198%.
Today 07:00 Afentra PLC (AET)
Update on the Angolan Acquisitions
https://www.investegate.co.uk/afentra-p ... 00036089J/
On 28 April 2022, the Company announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, had signed a sale and purchase agreement with Sonangol Pesquisa e Producao S.A. ('Sonangol') to purchase non-operating interests in Block 3/05 (20%) and Block 23 (40%), offshore Angola...continuing to make good progress on the transaction [but delays to new PSA mean it's pushed back to Q1. Bolt-on acquisition of a further share from INA is on track for "early 2023" and won't need an extension]...
Block 3/05 production for the first nine months of 2022 has been stable and in-line with expectation at ~4,600 bopd net to Afentra upon completion of the Sonangol and INA Acquisition
Today 07:00 Igas Energy PLC (IGAS)
Operations Update
https://www.investegate.co.uk/igas-ener ... 00025938J/
The Company remains on track to deliver its full year production forecast of 1,900-1,950 boepd. In early October a production drive was initiated to ensure wells, plant and equipment had the maximum uptime, going from 3 to 5 fully operational rigs, returning 18 offline wells to production, converting 2 wells from jet pump to beam pumps, lowering operating costs and significantly increasing water injection capacity across our asset base.
The planning application for the Glentworth project has now been submitted to Lincolnshire County Council and we await validation. Phase I has the potential to add c.200 bbls/d and development of c.1.0 mmstb 2P reserves....
The joint application with SSE to the Green Heat Network Fund is now under consideration by the scheme managers, Triplepoint, and BEIS and we await a decision in early 2023. A total of five tenders have been submitted through the Carbon Energy Fund to conduct detailed feasibility studies into supplying renewable heat to five NHS Trusts.
Today 07:00 GETECH Group plc (GTC)
Milestone achieved in Inverness
https://www.investegate.co.uk/getech-gr ... 00045962J/
phase one has seen the successful deconstruction of Inverness' former gas holder, paving the way to convert a legacy natural gas holder site into a future green hydrogen storage and distribution facility.
Today 07:00 Gulf Marine Services (GMS)
Warrant Calculations
https://www.investegate.co.uk/gulf-mari ... 00036081J/
As previously reported, the Company is obliged to issue warrants to the Company's consortium of lending banks ("Lenders") by 2 January 2023 pursuant to the terms of the 2021 common terms agreement ("CTA"), in the absence of the Company raising at least U.S.$50 million in new equity by 31 December 2022....
As determined by the calculation agent:
· the exercise price is £0.0711; and
· the total number of ordinary shares to be issued if all of the warrants are exercised is 110,964,433. [~10%]
Today 07:00 Barryroe Offshore (BEY)
CFO Resignation
https://www.investegate.co.uk/barryroe- ... 00026034J/
has accepted notice of the resignation of Simon Brett, Chief Financial Officer, to take effect from 28th February 2023. Over the coming weeks, the Board will finalise its succession planning for the role of Chief Financial Officer.
Today 07:00 Diversified Energy (DEC)
Q2 2022 Dividend Exchange Rate
https://www.investegate.co.uk/diversifi ... 00045884J/
Shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 3.45 pence per share, based on the 12 December 2022 exchange rate of GBP 0.81150=US $1.00.
Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Director Purchase of Common Shares of Falcon
https://www.investegate.co.uk/falcon-oi ... 0000H2067/
Non-exec buys £6.7k
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00026079J/
They bought back 223,178 shares at 67.67p = £151,025
Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00046120J/
They bought back 100,000 shares at 29.15p = £29,150
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00025994J/
They bought back 16,239 shares at 25p = £4,060
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
So the big excitement is Argos selling their only asset in the Falklands for 9.3% of private company JHI, who have 17.5% of the Canje block off Guyana and the cash to complete the Falklands licence obligations.
Hunting upgrade their forecast for 2023 and are setting up a renewables division. PetroTal have sorted things out with the locals who were blocking river access, from what I can tell the existing 2.5% cut will be formally incorporated into the licence. Serinus start workover of the Sabria field. Harmony acquire three battery projects totalling 364MWh. Tlou place more shares with Ian Campbell and his mates at a discount. Invinity issue a convertible to fund working capital. Kistos complete the paperwork to insert a holding company into their structure.
In other news, HSBC will no longer fund O&G projects : https://www.reuters.com/business/financ ... 022-12-14/
Today 08:54 Serica Energy PLC (SQZ)
Block Listing Application
https://www.investegate.co.uk/serica-en ... 54318331J/
block listing of securities in respect of 500,000 ordinary shares... will be issued from time to time in order to satisfy the grant of awards under the Serica Energy plc Employee Share Incentive Plan.
Today 07:01 Argos Resources Ltd (ARG)
Proposed Sale of Licence PL001 Interests to JHI
https://www.investegate.co.uk/argos-res ... 01017661J/
the Company and JHI Associates Inc. ("JHI"), a private company incorporated in Ontario, Canada [founded by John Cullen of CGX Energy and others], have entered into an agreement pursuant to which it is proposed that JHI will acquire Argos' PL001 Production Licence interests in the North Falkland Basin...
JHI is proposing to issue Argos with new shares in JHI (the "Consideration Shares"), plus a cash payment enabling the Company to settle transaction and corporate expenses.
· Following completion of the Transaction, which remains subject to the conditions set out below, the Group would gain exposure to the Canje block, offshore Guyana, which is directly adjacent to the prolific Stabroek block where ExxonMobil has discovered more than 10 billion barrels of oil.
· The Consideration Shares are expected to represent approximately 9.3 per cent. of the enlarged share capital in JHI following completion of the Transaction....
JHI owns a 17.5 per cent. interest in the Canje block, offshore Guyana, operated by Esso Exploration & Production Guyana Ltd. (35 per cent.), a subsidiary of ExxonMobil Corp. The other partners in the block are TotalEnergies E&P Guyana BV (35 per cent.) and Mid-Atlantic Oil & Gas Inc. (12.5 per cent.). The Canje block covers approximately 4,800 square kilometres and is located approximately 180 to 300 kilometres offshore Guyana in water depths ranging from 1,700 to 3,000 metres.[down 14%]
Today 07:00 Argos Resources Ltd (ARG)
Extension of Falkland Islands Production Licence
https://www.investegate.co.uk/argos-res ... 00047658J/
is pleased to announce the planned extension of its Production Licence PL001 to 31 December 2024.
Today 07:00 Hunting PLC (HTG)
Year-End Trading Update
https://www.investegate.co.uk/hunting-p ... 00027476J/
· 2022 trading and financial outturn remains in line with market expectations, with an EBITDA of c.$50m projected.
· 2023 market expectations raised with an EBITDA target in the range of c.$85m-$90m - previously c.$80m....
The Group's balance sheet remains strong, with net assets as at 30 November 2022 of c.$847m. Cash and bank was $24m as at 30 November 2022, with a year-end position likely to be c.$20m as raw material purchases continue to support the Group's order book...
is pleased to announce the formation of a new Energy Transition global sales group to pursue energy transition opportunities.
Today 07:00 PetroTal Corp. (PTAL)
Corporate Update Regarding River Access
https://www.investegate.co.uk/petrotal- ... 00057684J/
On December 14, 2022, the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") removed the river blockade to allow oil barge transportation access in and out of the Company's operating area coinciding with positive working table discussions held on December 14, 2022 where the Junta of Authorities of Puinahua, Perupetro, and PetroTal also participated....Inclusive of social downtime since late November, the Company estimates Q4 2022 oil production levels to average between 8,500 and 9,500 bopd....believe the forthcoming addendum incorporating the 2.5% Social Trust Fund to the Block 95 License Contract will provide long term stability and a material quality of life enhancement to the communities of the Puinahua District."
Today 07:00 Serinus Energy PLC (SENX)
W-1 Well Workover in Tunisia
https://www.investegate.co.uk/serinus-e ... 00037587J/
the CTF-04 rig has completed rig-up and is preparing to commence operations. This operation will install the first submersible pump into the Sabria W-1 well as part of the Company's Artificial Lift programme for the Sabria field. The completion of the planned operation is expected to take 60 days. Independent engineering analysis by SGS has determined that a successful workover and pump installation has an estimated initial mean increase in gross production of 796 boe/d.
Upon completion of the workover and pump installation at Sabria W-1, the rig will immediately move to the Sabria N-2 well to perform a workover to recomplete the well.
Today 07:00 Harmony Energy Inc. (HEIT)
Acquisition of Three Pipeline Projects
https://www.investegate.co.uk/harmony-e ... 00037588J/
it has completed the acquisition of three 'shovel-ready' pipeline projects totalling 181.9 MW / 363.8 MWh, increasing the Company's portfolio to nine battery energy storage system ("BESS") projects with a total capacity of c.500MW / 1GWh. The Company has acquired the projects pursuant to the Pipeline Agreement entered into on IPO which granted the Company a right of first refusal of up to 1GW of BESS projects, from Harmony Energy Limited ("HEL") and Ritchie Bland Energy No. 2 Ltd (together the "Developers") . The total consideration for the three projects is c. £21.5 million (supported by independent valuation) being satisfied through the net proceeds of the recent C Share Issue in conjunction with the issue of 7 million new C Shares to the Developers.
Today 07:00 Tlou Energy Ltd (TLOU)
A$3 million placement
https://www.investegate.co.uk/tlou-ener ... 00047677J/
it has received firm commitments to raise A$3,072,864.71 (~£1.695 million, ~BWP 26.485 million) before expenses pursuant to a placing of 87,796,135 new ordinary shares of no par value ("Ordinary Shares") at an issue price of A$0.035 (~£0.02, ~BWP0.30) per share...
the Company has commissioned an independent expert's report from Advisory Partner Connect Pty Ltd ....In Advisory Partner's opinion, the Proposed Transaction is Not Fair but Reasonable for the Shareholders of Tlou whose votes are not to be disregarded at the general meeting to be held in January 2023, being the Non-Associated Shareholders. Advisory Partner assessed the low and high value of the shares for which IC Australia (No2) Pty Ltd has agreed to subscribe on a controlling basis, to be ~A$3.29m and ~A$3.94m, compared with the consideration for those shares of A$2.5m. Accordingly, as the consideration for shares is less than the value of those shares set out above, the Proposed Transaction is considered not fair.
[would take Ian Campbell's stake up to 25.79% ]
Today 07:00 88 Energy Limited (88E)
Corporate Presentation
https://www.investegate.co.uk/88-energy ... 00027434J/
the Company's December 2022 corporate presentation is available on 88 Energy's website at http://www.88energy.com
Today 07:00 Vaalco Energy Inc (EGY)
PDMR dealings
https://www.investegate.co.uk/vaalco-en ... 00058168J/
CEO buys £20k
Today 07:00 Scirocco Energy PLC (SCIR)
Notification of Major Holdings
https://www.investegate.co.uk/scirocco- ... 00058162J/
On 1/12/2022, Roger Charles Fulford increased from 0% to 3.0%.
Today 07:00 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 00057801J/
They bought back 1,543,974 shares at C$1.30 = £1,196,534
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00047666J/
They bought back 90,000 shares at 69.33p = £62,397
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00007543J/
They bought back 600,000 shares at 314.7861p = £1,888,717
Yesterday 17:43 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4310H2296/
They bought back 603,851 shares at £23.066 = £13,928,125 and 1,408,603 shares at €26.843 = £32,540,456 for a total of £46,468,581
Yesterday 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40467555J/
They bought back 9,365,768 shares at 472.161p = £44,221,528
Yesterday 17:00 Pantheon Resources (PANR)
Quarterly Repayment of Unsecured Convertible Bonds
https://www.investegate.co.uk/pantheon- ... 00017500J/
it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the interest payment of US $ 0.4165 million (collectively, the "Quarterly Repayment") in respect of its senior unsecured convertible bonds due 2026 (the "Convertible Bonds") , through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement, a total of 3,276,374 new ordinary shares
Yesterday 16:35 Echo Energy PLC (ECHO)
Price Monitoring Extension
https://www.investegate.co.uk/echo-ener ... 35207465J/
https://uk.finance.yahoo.com/quote/ECHO.L/chart
On the day it's collapsed -26.7% having touched -36%. Over the last 2 weeks it's dropped -32.1% having touched -40%.
Yesterday 14:13 Invinity Energy Sys (IES)
$10m funding facility - initial draw of $2.5m
https://www.investegate.co.uk/invinity- ... 13557315J/
it has agreed terms on a convertible loan facility for up to USD $10m (the "Facility") with Riverfort Global Opportunities and YA II PN Ltd. (together the "Noteholders"), with an initial drawn amount of USD $2.5m, expected to be received by the Company on 14 December 2022, net of associated costs.
Yesterday 14:00 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 00347305J/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's dropped -21.4% having touched -26%. Over the last 2 weeks it's jumped +93% with a spike to +181%.
Yesterday 13:56 Barryroe Offshore (BEY)
Exercise of Warrants - Replacement
https://www.investegate.co.uk/barryroe- ... 56527283J/
The following amendment has been made to the announcement released on 13 December 2022 at 16:08 under RNS number 5881J...Previously, the effective date that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth was incorrect.
Yesterday 13:46 Kistos PLC (KIST)
Results of General Meeting & Scheme of Arrangement
https://www.investegate.co.uk/kistos-pl ... 46477269J/
further to its announcement on 22 November 2022...a court meeting ("Court Meeting") was held today 2022 at 10.30 a.m. and a general meeting ("GM") of the Company occurred thereafter at 10.50 a.m. The Company is pleased to announce that all resolutions proposed at the Court Meeting and the GM were duly passed by shareholders. [restructuring to interpose a holding company]
Hunting upgrade their forecast for 2023 and are setting up a renewables division. PetroTal have sorted things out with the locals who were blocking river access, from what I can tell the existing 2.5% cut will be formally incorporated into the licence. Serinus start workover of the Sabria field. Harmony acquire three battery projects totalling 364MWh. Tlou place more shares with Ian Campbell and his mates at a discount. Invinity issue a convertible to fund working capital. Kistos complete the paperwork to insert a holding company into their structure.
In other news, HSBC will no longer fund O&G projects : https://www.reuters.com/business/financ ... 022-12-14/
Brent=$82.79(December) WTI=$77.3(December,Brent-5.49) Nymex gas=$6.51(December)
NBP =334.8p(December,Nymex+34.79) TTF=€135.230(January,Nymex+35.58) JKM=$33.385(January,Nymex+26.88)
Today 08:54 Serica Energy PLC (SQZ)
Block Listing Application
https://www.investegate.co.uk/serica-en ... 54318331J/
block listing of securities in respect of 500,000 ordinary shares... will be issued from time to time in order to satisfy the grant of awards under the Serica Energy plc Employee Share Incentive Plan.
Today 07:01 Argos Resources Ltd (ARG)
Proposed Sale of Licence PL001 Interests to JHI
https://www.investegate.co.uk/argos-res ... 01017661J/
the Company and JHI Associates Inc. ("JHI"), a private company incorporated in Ontario, Canada [founded by John Cullen of CGX Energy and others], have entered into an agreement pursuant to which it is proposed that JHI will acquire Argos' PL001 Production Licence interests in the North Falkland Basin...
JHI is proposing to issue Argos with new shares in JHI (the "Consideration Shares"), plus a cash payment enabling the Company to settle transaction and corporate expenses.
· Following completion of the Transaction, which remains subject to the conditions set out below, the Group would gain exposure to the Canje block, offshore Guyana, which is directly adjacent to the prolific Stabroek block where ExxonMobil has discovered more than 10 billion barrels of oil.
· The Consideration Shares are expected to represent approximately 9.3 per cent. of the enlarged share capital in JHI following completion of the Transaction....
JHI owns a 17.5 per cent. interest in the Canje block, offshore Guyana, operated by Esso Exploration & Production Guyana Ltd. (35 per cent.), a subsidiary of ExxonMobil Corp. The other partners in the block are TotalEnergies E&P Guyana BV (35 per cent.) and Mid-Atlantic Oil & Gas Inc. (12.5 per cent.). The Canje block covers approximately 4,800 square kilometres and is located approximately 180 to 300 kilometres offshore Guyana in water depths ranging from 1,700 to 3,000 metres.[down 14%]
Today 07:00 Argos Resources Ltd (ARG)
Extension of Falkland Islands Production Licence
https://www.investegate.co.uk/argos-res ... 00047658J/
is pleased to announce the planned extension of its Production Licence PL001 to 31 December 2024.
Today 07:00 Hunting PLC (HTG)
Year-End Trading Update
https://www.investegate.co.uk/hunting-p ... 00027476J/
· 2022 trading and financial outturn remains in line with market expectations, with an EBITDA of c.$50m projected.
· 2023 market expectations raised with an EBITDA target in the range of c.$85m-$90m - previously c.$80m....
The Group's balance sheet remains strong, with net assets as at 30 November 2022 of c.$847m. Cash and bank was $24m as at 30 November 2022, with a year-end position likely to be c.$20m as raw material purchases continue to support the Group's order book...
is pleased to announce the formation of a new Energy Transition global sales group to pursue energy transition opportunities.
Today 07:00 PetroTal Corp. (PTAL)
Corporate Update Regarding River Access
https://www.investegate.co.uk/petrotal- ... 00057684J/
On December 14, 2022, the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua ("AIDECOBAP") removed the river blockade to allow oil barge transportation access in and out of the Company's operating area coinciding with positive working table discussions held on December 14, 2022 where the Junta of Authorities of Puinahua, Perupetro, and PetroTal also participated....Inclusive of social downtime since late November, the Company estimates Q4 2022 oil production levels to average between 8,500 and 9,500 bopd....believe the forthcoming addendum incorporating the 2.5% Social Trust Fund to the Block 95 License Contract will provide long term stability and a material quality of life enhancement to the communities of the Puinahua District."
Today 07:00 Serinus Energy PLC (SENX)
W-1 Well Workover in Tunisia
https://www.investegate.co.uk/serinus-e ... 00037587J/
the CTF-04 rig has completed rig-up and is preparing to commence operations. This operation will install the first submersible pump into the Sabria W-1 well as part of the Company's Artificial Lift programme for the Sabria field. The completion of the planned operation is expected to take 60 days. Independent engineering analysis by SGS has determined that a successful workover and pump installation has an estimated initial mean increase in gross production of 796 boe/d.
Upon completion of the workover and pump installation at Sabria W-1, the rig will immediately move to the Sabria N-2 well to perform a workover to recomplete the well.
Today 07:00 Harmony Energy Inc. (HEIT)
Acquisition of Three Pipeline Projects
https://www.investegate.co.uk/harmony-e ... 00037588J/
it has completed the acquisition of three 'shovel-ready' pipeline projects totalling 181.9 MW / 363.8 MWh, increasing the Company's portfolio to nine battery energy storage system ("BESS") projects with a total capacity of c.500MW / 1GWh. The Company has acquired the projects pursuant to the Pipeline Agreement entered into on IPO which granted the Company a right of first refusal of up to 1GW of BESS projects, from Harmony Energy Limited ("HEL") and Ritchie Bland Energy No. 2 Ltd (together the "Developers") . The total consideration for the three projects is c. £21.5 million (supported by independent valuation) being satisfied through the net proceeds of the recent C Share Issue in conjunction with the issue of 7 million new C Shares to the Developers.
Today 07:00 Tlou Energy Ltd (TLOU)
A$3 million placement
https://www.investegate.co.uk/tlou-ener ... 00047677J/
it has received firm commitments to raise A$3,072,864.71 (~£1.695 million, ~BWP 26.485 million) before expenses pursuant to a placing of 87,796,135 new ordinary shares of no par value ("Ordinary Shares") at an issue price of A$0.035 (~£0.02, ~BWP0.30) per share...
the Company has commissioned an independent expert's report from Advisory Partner Connect Pty Ltd ....In Advisory Partner's opinion, the Proposed Transaction is Not Fair but Reasonable for the Shareholders of Tlou whose votes are not to be disregarded at the general meeting to be held in January 2023, being the Non-Associated Shareholders. Advisory Partner assessed the low and high value of the shares for which IC Australia (No2) Pty Ltd has agreed to subscribe on a controlling basis, to be ~A$3.29m and ~A$3.94m, compared with the consideration for those shares of A$2.5m. Accordingly, as the consideration for shares is less than the value of those shares set out above, the Proposed Transaction is considered not fair.
[would take Ian Campbell's stake up to 25.79% ]
Today 07:00 88 Energy Limited (88E)
Corporate Presentation
https://www.investegate.co.uk/88-energy ... 00027434J/
the Company's December 2022 corporate presentation is available on 88 Energy's website at http://www.88energy.com
Today 07:00 Vaalco Energy Inc (EGY)
PDMR dealings
https://www.investegate.co.uk/vaalco-en ... 00058168J/
CEO buys £20k
Today 07:00 Scirocco Energy PLC (SCIR)
Notification of Major Holdings
https://www.investegate.co.uk/scirocco- ... 00058162J/
On 1/12/2022, Roger Charles Fulford increased from 0% to 3.0%.
Today 07:00 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 00057801J/
They bought back 1,543,974 shares at C$1.30 = £1,196,534
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00047666J/
They bought back 90,000 shares at 69.33p = £62,397
Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00007543J/
They bought back 600,000 shares at 314.7861p = £1,888,717
Yesterday 17:43 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4310H2296/
They bought back 603,851 shares at £23.066 = £13,928,125 and 1,408,603 shares at €26.843 = £32,540,456 for a total of £46,468,581
Yesterday 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40467555J/
They bought back 9,365,768 shares at 472.161p = £44,221,528
Yesterday 17:00 Pantheon Resources (PANR)
Quarterly Repayment of Unsecured Convertible Bonds
https://www.investegate.co.uk/pantheon- ... 00017500J/
it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the interest payment of US $ 0.4165 million (collectively, the "Quarterly Repayment") in respect of its senior unsecured convertible bonds due 2026 (the "Convertible Bonds") , through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement, a total of 3,276,374 new ordinary shares
Yesterday 16:35 Echo Energy PLC (ECHO)
Price Monitoring Extension
https://www.investegate.co.uk/echo-ener ... 35207465J/
https://uk.finance.yahoo.com/quote/ECHO.L/chart
On the day it's collapsed -26.7% having touched -36%. Over the last 2 weeks it's dropped -32.1% having touched -40%.
Yesterday 14:13 Invinity Energy Sys (IES)
$10m funding facility - initial draw of $2.5m
https://www.investegate.co.uk/invinity- ... 13557315J/
it has agreed terms on a convertible loan facility for up to USD $10m (the "Facility") with Riverfort Global Opportunities and YA II PN Ltd. (together the "Noteholders"), with an initial drawn amount of USD $2.5m, expected to be received by the Company on 14 December 2022, net of associated costs.
Yesterday 14:00 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 00347305J/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's dropped -21.4% having touched -26%. Over the last 2 weeks it's jumped +93% with a spike to +181%.
Yesterday 13:56 Barryroe Offshore (BEY)
Exercise of Warrants - Replacement
https://www.investegate.co.uk/barryroe- ... 56527283J/
The following amendment has been made to the announcement released on 13 December 2022 at 16:08 under RNS number 5881J...Previously, the effective date that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth was incorrect.
Yesterday 13:46 Kistos PLC (KIST)
Results of General Meeting & Scheme of Arrangement
https://www.investegate.co.uk/kistos-pl ... 46477269J/
further to its announcement on 22 November 2022...a court meeting ("Court Meeting") was held today 2022 at 10.30 a.m. and a general meeting ("GM") of the Company occurred thereafter at 10.50 a.m. The Company is pleased to announce that all resolutions proposed at the Court Meeting and the GM were duly passed by shareholders. [restructuring to interpose a holding company]
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Rest of Thursday - of course Westmount have holdings in both Argos and JHI.
Today 18:31 Wentworth Resources (WEN)
PUBLIC OPENING POSITION DISCLOSURE
https://www.investegate.co.uk/wentworth ... 31598965J/
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION
Today 18:05 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 05168979J/
On 14/12/2022, Sebastian Marr reduced from 6.73% to 0%.
Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00019103J/
They bought back 550,000 shares at 314.6329p = £1,730,481
Today 17:36 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3602H2553/
They bought back 2,243,627 shares at £22.982 = £51,563,893 and 3,069,763 shares at €26.581 = £71,233,620 for a total of £122,797,512
Today 17:24 Westmount Energy Ld (WTE)
Proposed acquisition of PL001 by JHI
https://www.investegate.co.uk/westmount ... 24039091J/
notes the proposed transaction announced today by Argos Resources Limited ("Argos") with respect to the acquisition by JHI Associates Inc. ("JHI") of North Falklands Basin Production Licence PL001....Westmount holds a total of 5,651,270 shares in JHI, representing approximately 7.16% of the issued common shares in JHI as of 31st December 2021. Westmount also holds 1,000,000 shares in Argos representing approximately 0.4% of the issued common shares in Argos as of 30th June 2022.
Today 17:15 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 15329063J/
They bought back 9,144,716 shares at 469.032p = £42,891,615
Today 16:35 Coro Energy PLC (CORO)
Price Monitoring Extension
https://www.investegate.co.uk/coro-ener ... 35258999J/
https://uk.finance.yahoo.com/quote/CORO.L/chart
On the day it's dropped -10% having touched -16%. Over the last 2 weeks it's been in the usual range.
Today 16:35 Echo Energy PLC (ECHO)
Price Monitoring Extension
https://www.investegate.co.uk/echo-ener ... 35349007J/
https://uk.finance.yahoo.com/quote/ECHO.L/chart
On the day it's dropped -13.9% having touched -17%. Over the last 2 weeks it's collapsed -41.6% having touched -44%.
Today 15:50 Capricorn Energy PLC (CNE)
Result of Meeting
https://www.investegate.co.uk/capricorn ... 50278930J/
Capricorn announces that at the General Meeting held earlier today, the resolution set out in the Notice of General Meeting put to the General Meeting was passed by the requisite majority. [>99%, to cancel share premium account]
Today 15:24 Ashtead Tech Hldgs (AT.)
Director/PDMR Shareholding
https://www.investegate.co.uk/ashtead-t ... 24598918J/
on 14 December 2022 Tony Durrant, Non-Executive Director, notified the Company that on the same day he purchased 10000 ordinary shares of 5 pence each in the Company at a price of 317p
Today 14:53 Ming Yang Smart Engy (MYSE)
Controlling Shareholder Voting Rights Entrustment
https://www.investegate.co.uk/ming-yang ... 53238870J/
intend to entrust Mingyang New Energy Investment Holding Group Co., Ltd. (hereinafter referred to as "Energy Investment Group"), a controlling shareholder, as a proxy to exercise all of the voting rights attached to their total 375,666,412 shares, representing 16.53% of the total share capital of the Company (i.e. 2,272,085,706 shares) ("Voting Rights Entrustment"). Upon the completion of the Voting Rights Entrustment, Energy Investment Group will control the voting rights represented by 25.34% of the Company's shares.
Today 14:10 Kibo Energy PLC (KIBO)
Settlement Shares Sale
https://www.investegate.co.uk/kibo-ener ... 10018819J/
further to its RNS announcement of 29 July 2022 on receipt of 28,735,632 shares (the "Settlement Shares") from Mast Energy Development PLC, in lieu of cash for partial settlement of £1m of the total remaining outstanding amount owing to Kibo's wholly owned subsidiary, Kibo Mining (Cyprus) Limited, the Company has decided to realize a portion of said share payment in cash. To this effect the Company has now realized in cash net proceeds of £239,513.76 through the sale of 7,417,270 of said Settlement Shares.
Kibo's current shareholding in MED following this share sale is 57.86%
Today 13:39 OMV Petrom S.A. (PETB)
Changes in the Supervisory Board
https://www.investegate.co.uk/omv-petro ... 39538806J/
Following the waiver of his mandate, Mr. Johann Pleininger will cease to hold the above-mentioned positions in the Supervisory Board and in the Presidential and Nomination Committee starting 1 January 2023, thus his seats becoming vacant.
Today 13:06 TotalEnergies SE ()
Aramco and TotalEnergies to Build a Giant Petrochemical Complex in Saudi Arabia
https://www.investegate.co.uk/totalener ... 0600Z8401/
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast....
The petrochemical facility will enable SATORP to convert internally produced refinery off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals, helping to advance Aramco’s liquids to chemicals strategy.
The complex will comprise of a mixed feed cracker capable of producing 1.65 million tons per annum of ethylene, the first in the region to be integrated with a refinery. It will also include two state-of-the-art polyethylene units using Advanced Dual Loop technology, a butadiene extraction unit, and other associated derivatives units.
The project alone represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco (62.5%) and TotalEnergies (37.5%). Its construction is scheduled to begin during the first quarter of 2023 with commercial operation targeted to start in 2027.
Today 11:00 PetroTal Corp. (PTAL)
Price Monitoring Extension
https://www.investegate.co.uk/petrotal- ... 00208603J/
https://uk.finance.yahoo.com/quote/PTAL.L/chart
On the day it's up +6.2% with a spike to +13%. Over the last 2 weeks it's been in the usual range.
Today 18:31 Wentworth Resources (WEN)
PUBLIC OPENING POSITION DISCLOSURE
https://www.investegate.co.uk/wentworth ... 31598965J/
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION
Today 18:05 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 05168979J/
On 14/12/2022, Sebastian Marr reduced from 6.73% to 0%.
Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00019103J/
They bought back 550,000 shares at 314.6329p = £1,730,481
Today 17:36 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3602H2553/
They bought back 2,243,627 shares at £22.982 = £51,563,893 and 3,069,763 shares at €26.581 = £71,233,620 for a total of £122,797,512
Today 17:24 Westmount Energy Ld (WTE)
Proposed acquisition of PL001 by JHI
https://www.investegate.co.uk/westmount ... 24039091J/
notes the proposed transaction announced today by Argos Resources Limited ("Argos") with respect to the acquisition by JHI Associates Inc. ("JHI") of North Falklands Basin Production Licence PL001....Westmount holds a total of 5,651,270 shares in JHI, representing approximately 7.16% of the issued common shares in JHI as of 31st December 2021. Westmount also holds 1,000,000 shares in Argos representing approximately 0.4% of the issued common shares in Argos as of 30th June 2022.
Today 17:15 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 15329063J/
They bought back 9,144,716 shares at 469.032p = £42,891,615
Today 16:35 Coro Energy PLC (CORO)
Price Monitoring Extension
https://www.investegate.co.uk/coro-ener ... 35258999J/
https://uk.finance.yahoo.com/quote/CORO.L/chart
On the day it's dropped -10% having touched -16%. Over the last 2 weeks it's been in the usual range.
Today 16:35 Echo Energy PLC (ECHO)
Price Monitoring Extension
https://www.investegate.co.uk/echo-ener ... 35349007J/
https://uk.finance.yahoo.com/quote/ECHO.L/chart
On the day it's dropped -13.9% having touched -17%. Over the last 2 weeks it's collapsed -41.6% having touched -44%.
Today 15:50 Capricorn Energy PLC (CNE)
Result of Meeting
https://www.investegate.co.uk/capricorn ... 50278930J/
Capricorn announces that at the General Meeting held earlier today, the resolution set out in the Notice of General Meeting put to the General Meeting was passed by the requisite majority. [>99%, to cancel share premium account]
Today 15:24 Ashtead Tech Hldgs (AT.)
Director/PDMR Shareholding
https://www.investegate.co.uk/ashtead-t ... 24598918J/
on 14 December 2022 Tony Durrant, Non-Executive Director, notified the Company that on the same day he purchased 10000 ordinary shares of 5 pence each in the Company at a price of 317p
Today 14:53 Ming Yang Smart Engy (MYSE)
Controlling Shareholder Voting Rights Entrustment
https://www.investegate.co.uk/ming-yang ... 53238870J/
intend to entrust Mingyang New Energy Investment Holding Group Co., Ltd. (hereinafter referred to as "Energy Investment Group"), a controlling shareholder, as a proxy to exercise all of the voting rights attached to their total 375,666,412 shares, representing 16.53% of the total share capital of the Company (i.e. 2,272,085,706 shares) ("Voting Rights Entrustment"). Upon the completion of the Voting Rights Entrustment, Energy Investment Group will control the voting rights represented by 25.34% of the Company's shares.
Today 14:10 Kibo Energy PLC (KIBO)
Settlement Shares Sale
https://www.investegate.co.uk/kibo-ener ... 10018819J/
further to its RNS announcement of 29 July 2022 on receipt of 28,735,632 shares (the "Settlement Shares") from Mast Energy Development PLC, in lieu of cash for partial settlement of £1m of the total remaining outstanding amount owing to Kibo's wholly owned subsidiary, Kibo Mining (Cyprus) Limited, the Company has decided to realize a portion of said share payment in cash. To this effect the Company has now realized in cash net proceeds of £239,513.76 through the sale of 7,417,270 of said Settlement Shares.
Kibo's current shareholding in MED following this share sale is 57.86%
Today 13:39 OMV Petrom S.A. (PETB)
Changes in the Supervisory Board
https://www.investegate.co.uk/omv-petro ... 39538806J/
Following the waiver of his mandate, Mr. Johann Pleininger will cease to hold the above-mentioned positions in the Supervisory Board and in the Presidential and Nomination Committee starting 1 January 2023, thus his seats becoming vacant.
Today 13:06 TotalEnergies SE ()
Aramco and TotalEnergies to Build a Giant Petrochemical Complex in Saudi Arabia
https://www.investegate.co.uk/totalener ... 0600Z8401/
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast....
The petrochemical facility will enable SATORP to convert internally produced refinery off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals, helping to advance Aramco’s liquids to chemicals strategy.
The complex will comprise of a mixed feed cracker capable of producing 1.65 million tons per annum of ethylene, the first in the region to be integrated with a refinery. It will also include two state-of-the-art polyethylene units using Advanced Dual Loop technology, a butadiene extraction unit, and other associated derivatives units.
The project alone represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco (62.5%) and TotalEnergies (37.5%). Its construction is scheduled to begin during the first quarter of 2023 with commercial operation targeted to start in 2027.
Today 11:00 PetroTal Corp. (PTAL)
Price Monitoring Extension
https://www.investegate.co.uk/petrotal- ... 00208603J/
https://uk.finance.yahoo.com/quote/PTAL.L/chart
On the day it's up +6.2% with a spike to +13%. Over the last 2 weeks it's been in the usual range.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Beacon (née Advance) get their deal, buying RheinPetroleum (3.85 mmbbl 2P, 22.96 mmbbl 2C in southern Germany) from Tulip/Deutsche Rohstoff with vendors getting 40% of Beacon and raising £6m to fund wells.
Orcadian will need to raise funds ASAP but are holding on for a development partner for Pilot, where things seem to be going well.
We say goodbye to VOG from AIM and Petroneft look likely to follow them, meanwhile Hydrogen Utopia are moving to the main market. Nostra Terra increase their debt facilities but are now paying 6.5% rather than 4.4%
Romgaz signing their first deal for gas from Azerbaijan via TAP/IGB feels significant.
Today 13:33 S.N.G.N. Romgaz S.A. (SNGR)
Announcement - Romgaz-Socar Trading Contract
https://www.investegate.co.uk/s.n.g.n.- ... 33350459K/
S.N.G.N. ROMGAZ S.A. and SOCAR TRADING , a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on December 16th, 2022, the first individual contract for gas deliveries from Azerbaijan to Romania. The individual contract allows for scheduled gas deliveries starting with January 1st, 2023, through the Southern Corridor, by using transportation capacities of the TAP and IGB pipelines and of the Bulgarian and Romanian transmission systems. The contract is based on the General Agreement recently concluded between the two companies, with unlimited term.
Today 12:47 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.- ... 47190429K/
· S.N.G.N. ROMGAZ S.A. concluded two new transactions with the affiliated party ENGIE România SA
Today 11:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00190235K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 20%
Today 10:14 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.- ... 14530142K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 15, 2022, in the amount of RON 50,000,000.00, due on February 27, 2023.
The interest percentage rate applied to the above mentioned deposit is 7.65% per year.
Today 09:55 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 55300032K/
On 14-Dec-2022, Societe Generale reduced from 5.1219% to 4.993%.
Today 09:00 Seplat Energy PLC (SEPL)
Notification of Major Holdings
https://www.investegate.co.uk/seplat-en ... 00019866J/
On 13-Dec-2022, Sustainable Capital Ltd (Mauritius) increased from 7.79% to 8.93%.
Today 07:00 Orcadian Energy PLC (ORCA)
Results for the Year ended 30 June 2022
https://www.investegate.co.uk/orcadian- ... 00039757J/
We have interpreted the newly reprocessed TGS owned seismic dataset and noted a 10% uplift to the developed area oil-in-place which could result in a similar uplift to proven, probable and possible reserves on Pilot when we next update the independent Competent Person's Report ("CPR"), expected to occur during 2023....
we are targeting a launch of the Carra farm-out process, in partnership with Carrick Resources, just as soon as the doors close on the 33rd Round. This arrangement with TGS will also enable us to acquire new seismic over Elke and Narwhal subject to the Pilot project achieving FDP approval....
Cash used in operations totalled £1,323,836 (30 June 2021 - £312,189). As at 30 June 2022, the Group had a cash balance of £271,439 (30 June 2021 - £179,556). At the date of this announcement, the Group's cash balance was £303,000. Self-evidently, the Group will need to source further funding in the near term. A further update will be provided in due course....
No one enjoys the prospect of a higher tax rate, but we consider the EPL has been well designed and we believe it will encourage producing oil and gas companies to invest in new projects. We would call on the government to be even-handed with non-producing companies and to offer tax credits to these companies. The Norwegians adopted this model in 2005 to encourage exploration, with great success. We believe a similar approach could unleash a wave of new developments on the UKCS.
Today 07:00 Beacon Energy PLC (BCE)
Reverse Takeover Transaction and Corporate Update
https://www.investegate.co.uk/beacon-en ... 00039216J/
the Company has entered into a conditional Share Purchase Agreement ("SPA") with Tulip Oil Holding B.V. ("Tulip") and Deutsche Rohstoff A.G. ("DRAG") (collectively, the "Sellers") relating to the purchase of the entire issued and to be issued share capital of Rhein Petroleum GmbH
· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets
· A commercially attractive programme with the economic results of the CPR describe an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade
· An investment case which will be the basis for Beacon Energy seeking to carry out a placing to new and existing investors ("Placing") to raise approximately £6 million net of costs to finance the drilling , completion, tie-back and bringing into production the Schwarzbach-2 well and required working capital. Production from this well will be used to fund the forward development programme
· Acquisition of Rhein Petroleum which, for the financial year ended 31 December 2021, Rhein Petroleum reported audited revenue of 2.9 million, operating loss of €1.2 million and a loss after tax and interest of 1.5 million under German accounting standards.
Under the terms of the SPA, the Sellers will receive: (i) new ordinary shares in Beacon Energy such that, following the intended Placing (described more fully below), the Sellers will collectively hold 33.2 per cent of the enlarged share capital of Beacon Energy (the "ConsiderationShares"); and (ii) contingent consideration based on the future production of the Rhein Petroleum assets based on future production (the "Earn-Out") . Tulip is currently interested in 90 per cent. of the issued share capital of Rhein Petroleum, with DRAG, a listed oil and gas company in Germany, interested in the balancing 10 per cent....
Tulip also intends to participate in the Placing to acquire an additional approximately 6.8 per cent of the enlarged share capital of the Company, such that Tulip is expected to hold approximately 36.7 per cent of the issued share capital of the Company at Completion.
[been working over old fields in southern Germany but recently discovered Steig field with 114mmbbls OIP]
Today 07:00 Petroneft Resources (PTR)
Debt Financing Update
https://www.investegate.co.uk/petroneft ... 00029054J/
The Company continues to be in negotiations with Petrogrand AB ("Petrogrand") regarding its loan facility, with a current redemption value of US$2.48 million and which matured on Thursday 15 December 2022. We cannot predict the outcome of these negotiations and the Company will make further announcements in due course.
Moreover, the directors of the Company continue to review strategic options available to PetroNeft and are considering all viable options within the context of the current geopolitical environment to maximise value for shareholders.
Today 07:00 AIM ()
Cancellation - Victoria Oil & Gas Plc
https://www.investegate.co.uk/aim/rns/c ... 00028881J/
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Today 07:00 Hydrogen Utopia Intl (HUI)
Standard Listing on the London Stock Exchange
https://www.investegate.co.uk/hydrogen- ... 00049177J/
today confirms that its Prospectus in respect of the anticipated listing of its Ordinary Shares to trading on the standard segment of the Official List of the Financial Conduct Authority (the "Official List") and to trading on the main market of the London Stock Exchange (together "Admission"), has been approved by the FCA and published by the Company....On Admission, the Company will have 384,320,000 Ordinary Shares in issue, with a market capitalisation of the Company on Admission (based on yesterday's closing mid share price of 11.2p) of approximately £43 million.
Today 07:00 Nostra Terra O&G Co (NTOG)
Substantial increase in Senior Facility
https://www.investegate.co.uk/nostra-te ... 00039209J/
· Borrowing Base increase to $4,350,000 (from $3,350,000 on 28 March 2022), a 30% increase vs March 2022
· Interest Rate: 6.50% (previously 4.40%)
...· NPV10: $17,196,390 an 18% increase vs March 2022
Today 07:00 Oil and Gas Devt Co (OGDC)
SIGNING OF DEFINITIVE AGREEMENTS- REKO DIQ PROJECT
https://www.investegate.co.uk/oil-and-g ... 00029343J/
has signed the Definitive Agreements with respect to the SOEs' participation in the Reconstituted Reko Diq Project...acquired a 25% stake in the Project from an existing Project stakeholder...USD 562.5 million in addition to accrued interest, of such total sums the Company's proportional share was USD 187.5 million
Today 07:00 Argos Resources Ltd (ARG)
Result of AGM
https://www.investegate.co.uk/argos-res ... 00039196J/
at the Annual General Meeting of the Company held in the Falkland Islands on Thursday 15 December 2022, all Resolutions were duly passed by shareholders.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00039182J/
They bought back 5,027 shares at 72p = £3,619
Orcadian will need to raise funds ASAP but are holding on for a development partner for Pilot, where things seem to be going well.
We say goodbye to VOG from AIM and Petroneft look likely to follow them, meanwhile Hydrogen Utopia are moving to the main market. Nostra Terra increase their debt facilities but are now paying 6.5% rather than 4.4%
Romgaz signing their first deal for gas from Azerbaijan via TAP/IGB feels significant.
Brent=$79.12(December) WTI=$73.97(December,Brent-5.15) Nymex gas=$6.44(December)
NBP =310.17p(December,Nymex+31.34) TTF=€122.635(January,Nymex+31.78) JKM=$39.265(February,Nymex+32.83)
Today 13:33 S.N.G.N. Romgaz S.A. (SNGR)
Announcement - Romgaz-Socar Trading Contract
https://www.investegate.co.uk/s.n.g.n.- ... 33350459K/
S.N.G.N. ROMGAZ S.A. and SOCAR TRADING , a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on December 16th, 2022, the first individual contract for gas deliveries from Azerbaijan to Romania. The individual contract allows for scheduled gas deliveries starting with January 1st, 2023, through the Southern Corridor, by using transportation capacities of the TAP and IGB pipelines and of the Bulgarian and Romanian transmission systems. The contract is based on the General Agreement recently concluded between the two companies, with unlimited term.
Today 12:47 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.- ... 47190429K/
· S.N.G.N. ROMGAZ S.A. concluded two new transactions with the affiliated party ENGIE România SA
Today 11:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00190235K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 20%
Today 10:14 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.- ... 14530142K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 15, 2022, in the amount of RON 50,000,000.00, due on February 27, 2023.
The interest percentage rate applied to the above mentioned deposit is 7.65% per year.
Today 09:55 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 55300032K/
On 14-Dec-2022, Societe Generale reduced from 5.1219% to 4.993%.
Today 09:00 Seplat Energy PLC (SEPL)
Notification of Major Holdings
https://www.investegate.co.uk/seplat-en ... 00019866J/
On 13-Dec-2022, Sustainable Capital Ltd (Mauritius) increased from 7.79% to 8.93%.
Today 07:00 Orcadian Energy PLC (ORCA)
Results for the Year ended 30 June 2022
https://www.investegate.co.uk/orcadian- ... 00039757J/
We have interpreted the newly reprocessed TGS owned seismic dataset and noted a 10% uplift to the developed area oil-in-place which could result in a similar uplift to proven, probable and possible reserves on Pilot when we next update the independent Competent Person's Report ("CPR"), expected to occur during 2023....
we are targeting a launch of the Carra farm-out process, in partnership with Carrick Resources, just as soon as the doors close on the 33rd Round. This arrangement with TGS will also enable us to acquire new seismic over Elke and Narwhal subject to the Pilot project achieving FDP approval....
Cash used in operations totalled £1,323,836 (30 June 2021 - £312,189). As at 30 June 2022, the Group had a cash balance of £271,439 (30 June 2021 - £179,556). At the date of this announcement, the Group's cash balance was £303,000. Self-evidently, the Group will need to source further funding in the near term. A further update will be provided in due course....
No one enjoys the prospect of a higher tax rate, but we consider the EPL has been well designed and we believe it will encourage producing oil and gas companies to invest in new projects. We would call on the government to be even-handed with non-producing companies and to offer tax credits to these companies. The Norwegians adopted this model in 2005 to encourage exploration, with great success. We believe a similar approach could unleash a wave of new developments on the UKCS.
Today 07:00 Beacon Energy PLC (BCE)
Reverse Takeover Transaction and Corporate Update
https://www.investegate.co.uk/beacon-en ... 00039216J/
the Company has entered into a conditional Share Purchase Agreement ("SPA") with Tulip Oil Holding B.V. ("Tulip") and Deutsche Rohstoff A.G. ("DRAG") (collectively, the "Sellers") relating to the purchase of the entire issued and to be issued share capital of Rhein Petroleum GmbH
· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets
· A commercially attractive programme with the economic results of the CPR describe an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade
· An investment case which will be the basis for Beacon Energy seeking to carry out a placing to new and existing investors ("Placing") to raise approximately £6 million net of costs to finance the drilling , completion, tie-back and bringing into production the Schwarzbach-2 well and required working capital. Production from this well will be used to fund the forward development programme
· Acquisition of Rhein Petroleum which, for the financial year ended 31 December 2021, Rhein Petroleum reported audited revenue of 2.9 million, operating loss of €1.2 million and a loss after tax and interest of 1.5 million under German accounting standards.
Under the terms of the SPA, the Sellers will receive: (i) new ordinary shares in Beacon Energy such that, following the intended Placing (described more fully below), the Sellers will collectively hold 33.2 per cent of the enlarged share capital of Beacon Energy (the "ConsiderationShares"); and (ii) contingent consideration based on the future production of the Rhein Petroleum assets based on future production (the "Earn-Out") . Tulip is currently interested in 90 per cent. of the issued share capital of Rhein Petroleum, with DRAG, a listed oil and gas company in Germany, interested in the balancing 10 per cent....
Tulip also intends to participate in the Placing to acquire an additional approximately 6.8 per cent of the enlarged share capital of the Company, such that Tulip is expected to hold approximately 36.7 per cent of the issued share capital of the Company at Completion.
[been working over old fields in southern Germany but recently discovered Steig field with 114mmbbls OIP]
Today 07:00 Petroneft Resources (PTR)
Debt Financing Update
https://www.investegate.co.uk/petroneft ... 00029054J/
The Company continues to be in negotiations with Petrogrand AB ("Petrogrand") regarding its loan facility, with a current redemption value of US$2.48 million and which matured on Thursday 15 December 2022. We cannot predict the outcome of these negotiations and the Company will make further announcements in due course.
Moreover, the directors of the Company continue to review strategic options available to PetroNeft and are considering all viable options within the context of the current geopolitical environment to maximise value for shareholders.
Today 07:00 AIM ()
Cancellation - Victoria Oil & Gas Plc
https://www.investegate.co.uk/aim/rns/c ... 00028881J/
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
Today 07:00 Hydrogen Utopia Intl (HUI)
Standard Listing on the London Stock Exchange
https://www.investegate.co.uk/hydrogen- ... 00049177J/
today confirms that its Prospectus in respect of the anticipated listing of its Ordinary Shares to trading on the standard segment of the Official List of the Financial Conduct Authority (the "Official List") and to trading on the main market of the London Stock Exchange (together "Admission"), has been approved by the FCA and published by the Company....On Admission, the Company will have 384,320,000 Ordinary Shares in issue, with a market capitalisation of the Company on Admission (based on yesterday's closing mid share price of 11.2p) of approximately £43 million.
Today 07:00 Nostra Terra O&G Co (NTOG)
Substantial increase in Senior Facility
https://www.investegate.co.uk/nostra-te ... 00039209J/
· Borrowing Base increase to $4,350,000 (from $3,350,000 on 28 March 2022), a 30% increase vs March 2022
· Interest Rate: 6.50% (previously 4.40%)
...· NPV10: $17,196,390 an 18% increase vs March 2022
Today 07:00 Oil and Gas Devt Co (OGDC)
SIGNING OF DEFINITIVE AGREEMENTS- REKO DIQ PROJECT
https://www.investegate.co.uk/oil-and-g ... 00029343J/
has signed the Definitive Agreements with respect to the SOEs' participation in the Reconstituted Reko Diq Project...acquired a 25% stake in the Project from an existing Project stakeholder...USD 562.5 million in addition to accrued interest, of such total sums the Company's proportional share was USD 187.5 million
Today 07:00 Argos Resources Ltd (ARG)
Result of AGM
https://www.investegate.co.uk/argos-res ... 00039196J/
at the Annual General Meeting of the Company held in the Falkland Islands on Thursday 15 December 2022, all Resolutions were duly passed by shareholders.
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00039182J/
They bought back 5,027 shares at 72p = £3,619
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Let's just get the rest of Friday out of the way, nothing interesting was snuck out whilst the City was down the pub :
Friday 18:12 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 12370685K/
They bought back 8,964,224 shares at 459.373p = £41,179,263
Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00010640K/
They bought back 500,000 shares at 306.64p = £1,533,200
Friday 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4508H2810/
They bought back 3,194,636 shares at £22.557 = £72,060,794 and 3,080,000 shares at €25.932 = £69,647,733 for a total of £141,708,527
Friday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35070581K/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's jumped +7.2%
Friday 15:56 Capricorn Energy PLC (CNE)
Block listing Interim Review
https://www.investegate.co.uk/capricorn ... 56370563K/
CAPRICORN ENERGY PLC APPROVED SHARE OPTION PLAN (2009)
Friday 14:59 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5900P4702/
CFO SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN
Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800PB6F4/
CFO ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES
Friday 14:42 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 42550508K/
On 15-Dec-2022, Societe Generale increased from 4.9931% to 6.104%.
Friday 14:39 TomCo Energy PLC (TOM)
Holding(s) in Company
https://www.investegate.co.uk/tomco-ene ... 39380505K/
On 15-Dec-2022, Spreadex LTD increased from 3.96% to 5.232%.
Friday 14:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00080474K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 40% at one point in the day before recovering towards the close.
Friday 13:51 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 51560468K/
They bought back 40,000 shares at 108p = £43,200
Friday 18:12 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 12370685K/
They bought back 8,964,224 shares at 459.373p = £41,179,263
Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00010640K/
They bought back 500,000 shares at 306.64p = £1,533,200
Friday 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4508H2810/
They bought back 3,194,636 shares at £22.557 = £72,060,794 and 3,080,000 shares at €25.932 = £69,647,733 for a total of £141,708,527
Friday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35070581K/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's jumped +7.2%
Friday 15:56 Capricorn Energy PLC (CNE)
Block listing Interim Review
https://www.investegate.co.uk/capricorn ... 56370563K/
CAPRICORN ENERGY PLC APPROVED SHARE OPTION PLAN (2009)
Friday 14:59 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5900P4702/
CFO SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN
Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800PB6F4/
CFO ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES
Friday 14:42 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 42550508K/
On 15-Dec-2022, Societe Generale increased from 4.9931% to 6.104%.
Friday 14:39 TomCo Energy PLC (TOM)
Holding(s) in Company
https://www.investegate.co.uk/tomco-ene ... 39380505K/
On 15-Dec-2022, Spreadex LTD increased from 3.96% to 5.232%.
Friday 14:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00080474K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 40% at one point in the day before recovering towards the close.
Friday 13:51 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 51560468K/
They bought back 40,000 shares at 108p = £43,200
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
GulfKeystone continue to throw off the cash - but BTW, Baghdad want to nullify our PSCs and got a court judgment against us that we only heard about from the media.
Angus are looking to raise £7m in a placing plus issuing £1m for deferred consideration for Saltfleetby, talking about acquisitions but also cashflow issues from hedges.
Eco complete their deal for an extra 6.25% of their South African block, most of which is in shares at nearly double the current price courtesy of Gazania. AGM is the Thursday after Christmas....Tlou's EGM to approve the share issue is a more reasonable 18 January, in Brisbane. Hydrogen Utopia are quoting Goethe as they add a Frankfurt listing.
Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Operational, Corporate & AGM Update
https://www.investegate.co.uk/gulf-keys ... 0004EFDSL/
2022 production is expected to be at the lower end of our 44,000 – 47,000 bopd guidance range, recently impacted by the temporary shut-in of one well due to an isolated Electrical Submersible Pump (“ESP”) electrical failure, which has just been worked over and restarted. We are currently producing c.44,400 bopd as we gradually ramp up production from both the restarted well and SH-16, which was brought online earlier this month.
Significant cash flow generation in 2022 year to date, with $450.4 million net to GKP received from the Kurdistan Regional Government (“KRG”) for crude oil sales and revenue arrears
Record dividends paid in 2022 of $215 million, representing a sector-leading dividend yield of 41% based on GKP’s closing price on 16 December 2022
Robust, debt-free balance sheet, with a cash balance of $116.9 million at 16 December 2022...
In our 2022 Half Year Results Announcement, we reported the Iraqi Ministry of Oil had commenced proceedings in the Baghdad Commercial Court against various International Oil Companies ("IOCs") operating in the KRI, including GKP, seeking to nullify the Production Sharing Contracts ("PSCs") issued under the Kurdistan Oil and Gas Law ("KROGL"). Since then, the Company has learned from media reports that, on 23 October 2022, the Court issued decisions in absentia against Gulf Keystone and two other IOCs. Gulf Keystone did not have legal representation in the Court. Media has also reported similar judgements issued against several other IOCs....
Substantially all the votes against resolutions 2 and 7 were from a single major shareholder, who voted against the re-election of the same Directors at the 2021 AGM. The Company also notes that the proxy agencies Glass Lewis and ISS were in favour of all resolutions, including resolutions 2 and 7. In accordance with Provision 4 of the 2018 UK Corporate Governance Code, the Board has consulted with the single shareholder, and, as part of this exercise, also consulted with the Company's other major shareholders. Feedback received from the single shareholder encompassed issues principally related to the Company's operational progress, organisational structure and capital allocation.
The Board has carefully considered all feedback and has addressed issues, to the extent possible or necessary.
Today 07:00 Angus Energy PLC (ANGS)
Fundraising to raise approximately £7 million
https://www.investegate.co.uk/angus-ene ... 00071330K/
Angus Energy announces its intention to raise gross proceeds of approximately £7 million by means of a placing of approximately 115,000,000 new Ordinary Shares, to raise approximately £2 million, to certain institutional and other investors (the "Placing") and a direct subscription of 316,000,000 new Ordinary Shares, to raise approximately £5 million, (the "Subscription") (together, the "Fundraising"), in each case at a price of 1.65 pence...The Company also proposes to issue Warrants to Placees and subscribers in the Fundraising on the basis of one Warrant for every two New Ordinary Shares subscribed under the Fundraising....The Fundraising Price represents a discount of approximately 11 per cent. to the Closing Price of 1.86 pence per Ordinary Share on 16 December 2022....
In addition, and conditional upon the passing of the Resolutions, Forum Energy Services Ltd (" Forum ") has agreed in principle to accept the allotment and issue of 60,606,061 new Ordinary Shares (the "Forum Shares") at the Fundraising Price (together with the issue of 30,303,030 Warrants on the same basis as applicable to the Fundraising) in settlement of the Company's obligation to pay certain deferred consideration of £1,000,000 to Forum in accordance with the Saltfleetby SPA as announced on 24 May 2022....
The net proceeds of the Fundraising will be utilised by the Company to accelerate the drilling programme to expand production, the evaluation of acquisition opportunities, fund operational activities, settle a liability that has recently arisen under the Company's hedging arrangements and for the Group's general working capital purposes, as further detailed below.
Today 07:00 Eco (Atlantic) O&G (ECO)
Final Closing of Additional Interest - Block 3B/4B
https://www.investegate.co.uk/eco--atla ... 00070777K/
further to its announcement of 27 June 2022, in relation to the acquisition by its wholly owned subsidiary Azinam Limited ("Azinam ") of an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa from the Lunn Family Trust (the "Vendor"), one of the shareholders of Ricocure (Proprietary) Limited ("Ricocure") (the " Acquisition ") . Eco is pleased to confirm that it has now received the requisite regulatory approvals from the Department of Mineral Resources and Energy ("DMRE") of South Africa and the Petroleum Agency of South Africa ("PASA") in respect of the Acquisition, which was the final condition in respect of completion.
The Company also notes that notice of its Annual General Meeting, to be held virtually, on Thursday, 29 December 2022 at 10:00 a.m.
[triggers issue of shares most at 30p, whereas post-Gazania they're 17.5p]
Today 07:00 Hydrogen Utopia Intl (HUI)
Trading on the Frankfurt Stock Exchange
https://www.investegate.co.uk/hydrogen- ... 00070757K/
t has been informed by Deutsche Börse AG that trading in its ordinary shares of 0.1p each will commence on the Open Market of the Frankfurt Stock Exchange with effect from today....
To my German Friends, a few words as a thank you, from J.W. Goethe: 'The moment one definitely commits oneself, then providence moves too. All sorts of things occur to help one that would never otherwise have occurred… Unforeseen incidents, meetings, and material assistance, which no man could have dreamed would have come his way'."
The directors of HUI accept responsibility for this announcement.
Today 07:00 i3 Energy PLC (I3E)
Board Changes
https://www.investegate.co.uk/i3-energy ... 00070789K/
confirms, following the completion of relevant AIM rules requirements, the previously announced appointment of Ryan Heath to the Board of Directors as an Executive Director effective immediately. Ryan Heath was appointed President of i3 Canada, following i3's December 2020 acquisition of Toscana Energy Income Corporation, where he served as the Chief Executive Officer since 2019.
Today 07:00 Tlou Energy Ltd (TLOU)
Notice of General Meeting
https://www.investegate.co.uk/tlou-ener ... 00081325K/
Further to its announcement of 15 December 2022 regarding a A$3m placement, Tlou Energy Limited wishes to advise that it will be holding a General Meeting of the Company on Wednesday, 18 January 2023 at 10:00am (Brisbane time) at the offices of BDO, Level 10, 12 Creek Street, Brisbane....
Shareholders should carefully consider the report prepared by the Independent Expert for the purposes of Shareholder approval under section 611 Item 7 of the Corporations Act. The Independent Expert's Report comments on the fairness and reasonableness of the issue the subject of this Resolution to the non-associated Shareholders of the Company.
[will they allow Campbell to buy up chunks of the company on the cheap?]
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00070803K/
They bought back 226,020 shares at 71.39p = £161,356
Angus are looking to raise £7m in a placing plus issuing £1m for deferred consideration for Saltfleetby, talking about acquisitions but also cashflow issues from hedges.
Eco complete their deal for an extra 6.25% of their South African block, most of which is in shares at nearly double the current price courtesy of Gazania. AGM is the Thursday after Christmas....Tlou's EGM to approve the share issue is a more reasonable 18 January, in Brisbane. Hydrogen Utopia are quoting Goethe as they add a Frankfurt listing.
Brent=$79.50(December) WTI=$74.71(December,Brent-4.79) Nymex gas=$6.15(December)
NBP =288.42p(December,Nymex+29.02) TTF=€115.400(January,Nymex+29.82) JKM=$35.575(February,Nymex+29.43)
Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Operational, Corporate & AGM Update
https://www.investegate.co.uk/gulf-keys ... 0004EFDSL/
2022 production is expected to be at the lower end of our 44,000 – 47,000 bopd guidance range, recently impacted by the temporary shut-in of one well due to an isolated Electrical Submersible Pump (“ESP”) electrical failure, which has just been worked over and restarted. We are currently producing c.44,400 bopd as we gradually ramp up production from both the restarted well and SH-16, which was brought online earlier this month.
Significant cash flow generation in 2022 year to date, with $450.4 million net to GKP received from the Kurdistan Regional Government (“KRG”) for crude oil sales and revenue arrears
Record dividends paid in 2022 of $215 million, representing a sector-leading dividend yield of 41% based on GKP’s closing price on 16 December 2022
Robust, debt-free balance sheet, with a cash balance of $116.9 million at 16 December 2022...
In our 2022 Half Year Results Announcement, we reported the Iraqi Ministry of Oil had commenced proceedings in the Baghdad Commercial Court against various International Oil Companies ("IOCs") operating in the KRI, including GKP, seeking to nullify the Production Sharing Contracts ("PSCs") issued under the Kurdistan Oil and Gas Law ("KROGL"). Since then, the Company has learned from media reports that, on 23 October 2022, the Court issued decisions in absentia against Gulf Keystone and two other IOCs. Gulf Keystone did not have legal representation in the Court. Media has also reported similar judgements issued against several other IOCs....
Substantially all the votes against resolutions 2 and 7 were from a single major shareholder, who voted against the re-election of the same Directors at the 2021 AGM. The Company also notes that the proxy agencies Glass Lewis and ISS were in favour of all resolutions, including resolutions 2 and 7. In accordance with Provision 4 of the 2018 UK Corporate Governance Code, the Board has consulted with the single shareholder, and, as part of this exercise, also consulted with the Company's other major shareholders. Feedback received from the single shareholder encompassed issues principally related to the Company's operational progress, organisational structure and capital allocation.
The Board has carefully considered all feedback and has addressed issues, to the extent possible or necessary.
Today 07:00 Angus Energy PLC (ANGS)
Fundraising to raise approximately £7 million
https://www.investegate.co.uk/angus-ene ... 00071330K/
Angus Energy announces its intention to raise gross proceeds of approximately £7 million by means of a placing of approximately 115,000,000 new Ordinary Shares, to raise approximately £2 million, to certain institutional and other investors (the "Placing") and a direct subscription of 316,000,000 new Ordinary Shares, to raise approximately £5 million, (the "Subscription") (together, the "Fundraising"), in each case at a price of 1.65 pence...The Company also proposes to issue Warrants to Placees and subscribers in the Fundraising on the basis of one Warrant for every two New Ordinary Shares subscribed under the Fundraising....The Fundraising Price represents a discount of approximately 11 per cent. to the Closing Price of 1.86 pence per Ordinary Share on 16 December 2022....
In addition, and conditional upon the passing of the Resolutions, Forum Energy Services Ltd (" Forum ") has agreed in principle to accept the allotment and issue of 60,606,061 new Ordinary Shares (the "Forum Shares") at the Fundraising Price (together with the issue of 30,303,030 Warrants on the same basis as applicable to the Fundraising) in settlement of the Company's obligation to pay certain deferred consideration of £1,000,000 to Forum in accordance with the Saltfleetby SPA as announced on 24 May 2022....
The net proceeds of the Fundraising will be utilised by the Company to accelerate the drilling programme to expand production, the evaluation of acquisition opportunities, fund operational activities, settle a liability that has recently arisen under the Company's hedging arrangements and for the Group's general working capital purposes, as further detailed below.
Today 07:00 Eco (Atlantic) O&G (ECO)
Final Closing of Additional Interest - Block 3B/4B
https://www.investegate.co.uk/eco--atla ... 00070777K/
further to its announcement of 27 June 2022, in relation to the acquisition by its wholly owned subsidiary Azinam Limited ("Azinam ") of an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa from the Lunn Family Trust (the "Vendor"), one of the shareholders of Ricocure (Proprietary) Limited ("Ricocure") (the " Acquisition ") . Eco is pleased to confirm that it has now received the requisite regulatory approvals from the Department of Mineral Resources and Energy ("DMRE") of South Africa and the Petroleum Agency of South Africa ("PASA") in respect of the Acquisition, which was the final condition in respect of completion.
The Company also notes that notice of its Annual General Meeting, to be held virtually, on Thursday, 29 December 2022 at 10:00 a.m.
[triggers issue of shares most at 30p, whereas post-Gazania they're 17.5p]
Today 07:00 Hydrogen Utopia Intl (HUI)
Trading on the Frankfurt Stock Exchange
https://www.investegate.co.uk/hydrogen- ... 00070757K/
t has been informed by Deutsche Börse AG that trading in its ordinary shares of 0.1p each will commence on the Open Market of the Frankfurt Stock Exchange with effect from today....
To my German Friends, a few words as a thank you, from J.W. Goethe: 'The moment one definitely commits oneself, then providence moves too. All sorts of things occur to help one that would never otherwise have occurred… Unforeseen incidents, meetings, and material assistance, which no man could have dreamed would have come his way'."
The directors of HUI accept responsibility for this announcement.
Today 07:00 i3 Energy PLC (I3E)
Board Changes
https://www.investegate.co.uk/i3-energy ... 00070789K/
confirms, following the completion of relevant AIM rules requirements, the previously announced appointment of Ryan Heath to the Board of Directors as an Executive Director effective immediately. Ryan Heath was appointed President of i3 Canada, following i3's December 2020 acquisition of Toscana Energy Income Corporation, where he served as the Chief Executive Officer since 2019.
Today 07:00 Tlou Energy Ltd (TLOU)
Notice of General Meeting
https://www.investegate.co.uk/tlou-ener ... 00081325K/
Further to its announcement of 15 December 2022 regarding a A$3m placement, Tlou Energy Limited wishes to advise that it will be holding a General Meeting of the Company on Wednesday, 18 January 2023 at 10:00am (Brisbane time) at the offices of BDO, Level 10, 12 Creek Street, Brisbane....
Shareholders should carefully consider the report prepared by the Independent Expert for the purposes of Shareholder approval under section 611 Item 7 of the Corporations Act. The Independent Expert's Report comments on the fairness and reasonableness of the issue the subject of this Resolution to the non-associated Shareholders of the Company.
[will they allow Campbell to buy up chunks of the company on the cheap?]
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00070803K/
They bought back 226,020 shares at 71.39p = £161,356
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Wow - a frantic day today, with technically three takeovers (although in two cases cash is going the opposite way to the headline) and various pre-Christmas updates. The headline is Serica absorbing Tailwind for £644m, with Mercuria taking a quarter of the enlarged group which will add 42mmboe and 12kbpd with 15-20kbpd forecast in 2023.
Predator and Challenger resolve their differences by Challenger "selling" (actually writing off $4.7m of internal loans and $6m for the lawsuit but getting $3m in installments for their 83.8% of Cory Moruga which Predator want to CO2 EOR.
And Egdon take over more of the shut-in Waddock Cross and Avington fields and £90m of tax losses in return being paid 288k and taking on for decommissioning liabilities.
Petrofac warn of a $100m EBIT loss thanks to Covid delays on old contracts in Engineering & Construction, but everything is going well apart from that, honest.
Savannah all going well it seems with revenues up 27% yoy, production up 22% (so not getting any benefit from higher prices then). Aquila Energy making good progress on investing their cash in solar etc, with 8% unlevered yield on those investments.
San Leon still facing delays in their deal, selling a fringe asset to keep the lights on, and their 4.5% NPI in Barryroe is flagged in that context.
Empyrean have lots of geology detail on why Jade didn't work but Topaz will make them all rich. Upland are also talking vaguely about geology.
Enwell spud a development well but lose PWC as auditor thanks to the recent sanctions on a major shareholder.
Yesterday saw New Energy One screwed up their warrants which fail the fixed-for-fixed test of IAS32 so they're having to redo them rather than account for them as liabilities and not equity. Well spotted that auditor.
And talking of auditors, Star Phoenix are in the extraordinary position of shareholders rejecting the appointment of a new auditor so they can't get their accounts out and will be suspended from 3 January until it's sorted. Sounds like shareholders playing silly gits, shares halved in response. Capricorn also have shareholders kicking off, wanting a meeting to kick out the board, they respond with a stern letter talking up the NewMed deal.
Angus got their placing away OK ajd SF-07 is now cased into the reservoir, testing results mid-January? And some good news for Pakistan as OGDC have more success at Chak-5 Dim South-3 than their cricketers have enjoyed....
Today 07:02 Enwell Energy PLC (ENW)
Spud of GOL-107 Well
https://www.investegate.co.uk/enwell-en ... 02012423K/
is pleased to announce the spudding of the GOL-107 well at its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine....The GOL-107 well is a development well and has a target depth of 5,190 metres. Drilling operations are scheduled to be completed by the end of the third quarter of 2023, and, subject to successful testing, production hook-up is scheduled during the fourth quarter of 2023.
Today 07:00 Empyrean Energy PLC (EME)
Interim Results
https://www.investegate.co.uk/empyrean- ... 00112408K/
Main technical reason identified for the absence of pay at Jade is no effective oil migration from the Baiyun Sag to Jade trap.
o Empyrean entered second phase of exploration with the aim to drill the Topaz Prospect before June 2024.
· Duyung PSC Project, Indonesia (EME 8.5%)
Indonesian Government approval for the revised Mako Plan of Development ("PoD") received.
o Updated PoD based upon Contingent Duyung PSC Resources of 384 billion cubic feet gross within the Duyung PSC area which represents 297 billion cubic feet net attributable* to 100% of the Duyung PSC Joint Venture.
o £1.83 million (US$2.27 million) raised through Placing at a price of 1.5p per share; and
o Convertible Loan Note debt restructured.
Today 07:00 Petrofac Limited (PFC)
Trading Update
https://www.investegate.co.uk/petrofac- ... 0006EPNDU/
Continued strong performance in Asset Solutions and IES offset by challenges in E&C
Expect a full year EBIT loss in Engineering & Construction (E&C) of approximately US$190 million for 2022, yielding a total Group EBIT loss of approximately US$100 million
Positive outlook for the recovery in E&C and continued growth in Asset Solutions, with a healthy total Group pipeline of US$68 billion scheduled for award in the next 18 months
Pipeline includes bids submitted of US$5.5 billion, and a further US$1.5 billion where we are at preferred bidder stage
Net debt was US$396 million (2) at 15 December 2022, with cash management partly offsetting the delays
Good progress has been made in the second half where we have completed or substantially completed (1) six lump-sum contracts, with five of the remaining eight active lump-sum contracts scheduled to complete in 2023. This will largely close-out the mature E&C portfolio that was heavily impacted by pandemic delays....
Management expects to report Group revenue of approximately US$2.5 billion and a full-year business performance EBIT loss of approximately US$100 million for 2022....
We have engaged with our lenders to extend the revolving credit facility and a bilateral loan – totalling US$230 million – which are scheduled to mature in October 2023.
Today 07:00 San Leon Energy PLC (SLE)
Update on proposed refinancing
https://www.investegate.co.uk/san-leon- ... 00112928K/
W hilst the MM Capital Facility is a legally binding facility agreement in place between the Company and MM Capital, the Board of San Leon has delayed utilising the facility as it believes that additional or alternative financing might be available on terms that may be better aligned with the Company's overall strategic and financing objectives . Specifically, a prospective alternative lender has also indicated that it may have an interest in taking an equity position in San Leon by acquiring existing ordinary shares from certain shareholders. As the Company seeks to diversify its shareholder base and build long term support ahead of the planned expansion of its activities in Nigeria, the Board considers that financing on this basis represents a substantial improvement over the MM Capital Facility...the Boar d now expects this alternative facility to be finalised and available for draw down early in the New Year and a further announcement will be made at that time by the Company, as appropriate...
As a further source of near-term funding, t he Board is also currently in advanced negotiations in respect of the proposed sale of the Company's non-core investments relating to the Oza oil field in Nigeria (the " Proposed Non-core Investments Sale "), which had a book value of US$5.6 million in San Leon's unaudited interim results for the six months ended 30 June 2022 , to generate working capital....
notwithstanding this short term cashflow delay, San Leon's balance sheet is robust with, in particular, US$112.6 million owed to it by Midwestern Leon Petroleum Limited (the " MLPL Loan ") and US$23.0 million owed to it by ELI. The MLPL Loan will be extinguished following the proposed Midwestern Reorganisation but, for the time being, remains a valid obligation and therefore a significant asset of the Company's. Aside from Oza, the Company also holds non-core assets in other countries which may have a meaningful value, such as the 4.5% net profit interest in the Barryroe Field
Today 07:00 Savannah Energy Plc (SAVE)
Financial and Operational Update
https://www.investegate.co.uk/savannah- ... 00112938K/
Total Revenues1 up 27% y-o-y to US$256.7m for the 11 months ended 30 November 2022 (year to date period ended 30 November 2021: US$201.4m);
· Group cash balance of US$193.1m2 and net debt of US$310.1m3 (as at 30 November 2021: US$149.5m and US$370.2m respectively);
· We update our FY 2022 guidance 4 as follows:
o Total Revenues1 of greater than US$270m (increased from US$215m);
o Group Operating expenses plus administrative expenses 5 unchanged of up to US$75m;
o Group Depreciation, Depletion and Amortisation unchanged of US$21m fixed for infrastructure assets plus US$2.3/boe; and
o FY 2022 capital expenditure of up to US$35m (reduced from up to US$85m) .
YTD Operational Highlights
· Average gross daily Nigeria production in the year-to-date period ended 30 November 2022 was 27.1 Kboepd, a 22% increase from the average gross daily production of 22.2 Kboepd in the same period last year;
· Of the total average gross daily production of 27.1 Kboepd in the year-to-date period, 90% was gas, including a 25% increase in production from the Uquo gas field compared to the same period last year, from 117.4 MMscfpd (19.6 Kboepd) to 147.3 MMscfpd (24.6 Kboepd);
· Following Savannah's completion of the acquisition of ExxonMobil's upstream and midstream asset portfolio in Chad and Cameroon and assumption of the operatorship of the upstream assets on 9 December 2022, production in Chad has continued uninterrupted at an average gross daily rate of approximately 28 Kbopd;
Today 07:00 Aquila Energy Effcn. (AEET)
Trading Update
https://www.investegate.co.uk/aquila-en ... 00112406K/
Commitments increased materially to £87.3m as at 19 December 2022 (31 August 2022: £55.5m). Total income-generating, deployed capital has increased to £54.4m (31 August 2022: £32.1m). The Company is expected to achieve an average gross unlevered project yield of 8.0% over all investments made to date.
Today 07:00 Serica Energy PLC (SQZ)
PROPOSED ACQUISITION OF TAILWIND ENERGY
https://www.investegate.co.uk/serica-en ... 00112936K/
it has entered into an agreement to acquire the entire issued share capital of Tailwind Energy Investments Ltd ("Tailwind") from Tailwind Energy Holdings LLP (the "Seller") (the "Transaction"). The consideration for the acquisition comprises:
· The issue of up to[1] 111,048,124 new ordinary shares in Serica (the "Consideration Shares"). Following the issue of the Consideration Shares, they will represent up to 28.9 per cent of Serica's enlarged issued share capital
· A cash payment on Completion of £58.7 million (the "Cash Consideration")
On the basis of the Serica closing price as of 19 December 2022 of 278 pence per share this would be equivalent to £367 million. Serica will also be taking on Tailwind's net debt, which as at 30 November 2022 was c.£277 million[2]. As part of the Transaction, Mercuria, the largest ultimate shareholder of Tailwind, will become a strategic investor in Serica with a 25.2 per cent holding
· Estimated proforma combined production in 2023 will rise significantly to between 40,000 boe/d and 45,000 boe/d putting Serica in the top 10 UKCS producers and top 3 UKCS listed independent producers
· Acquiring fully developed 2P reserves of 42 million boe[3] to create a combined portfolio with 2P reserves of 104 million boe[4]
There will be a conference call for sell side analysts at 09:00 this morning, details of which are available from Vigo Consulting on serica@vigoconsulting.com. A recording of the call will be made available on the company website http://www.serica-energy.com later today.
Tailwind's core assets include the Triton Area assets acquired from Shell and Exxon in 2018. The Triton Area consists of eight producing oil fields including Evelyn, Bittern, Guillemot and Gannet, all developed through the Dana Petroleum operated FPSO. Tailwind is operator of the Gannet E and Evelyn fields. In addition, Tailwind is an existing partner of Serica in the Columbus gas field and operates the Orlando field. Further information on Tailwind can be found at their website: http://www.tailwind.co.uk
Net 2P reserves from the currently producing fields were 41.8 million boe as at 1 January 2022[8], with oil representing about 86 per cent. Tailwind's net 2C resources at the same date were 29.8 million boe [8] . Tailwind generated a profit before tax of $70.3 million in the 12 months ended 31 December 2021.
Tailwind's total net production is projected to average about 12,000 boe/d in 2022[9], increasing to between 15,000 boe/d and 20,000 boe/d in 2023 following the start of production from the Evelyn field in September 2022, the restart of production from the Orlando field in August 2022 and the drilling of an infill well on the Gannet field which is in the process of being completed and is expected to be online in the first quarter of 2023.
[£644m total then]
Today 07:00 Challenger Energy (CEG)
Sale of Cory Moruga and settlement agreement
https://www.investegate.co.uk/challenge ... 00102067K/
is pleased to announce that it has entered into a binding heads of terms (the "Term Sheet") with Predator Oil & Gas Holdings Plc and relevant subsidiary entities ("Predator"), providing for (i) the conditional sale of the Company's interest in the non-producing Cory Moruga licence in Trinidad, (ii) a framework for future CO2 collaboration between the Company and Predator, and (iii) a mutually agreed settlement in relation to all matters relating to the Inniss-Trinity CO2 enhanced oil recovery ("EOR") pilot project previously carried out by Predator at the Company's Inniss-Trinity block...
· As a consequence of the lack of current production and the need for further appraisal, the Company considers the Cory Moruga licence to be non-core to its cash flow generative production-focused business in Trinidad, and therefore no further work has been planned for the Cory Moruga field in the near-term. In contrast, Predator considers the Cory Moruga field to represent an ideal candidate for a CO2 EOR project.
For the year to 31 December 2021 T-Rex made a loss of approximately TT$4.5 million (or approximately US$674,000), largely reflective of the annual licence fees and dues in respect of the Cory Moruga licence. As at 31 December 2021, T-Rex had net liabilities of approximately TT$48.0 million (or approximately US$7.1 million) of which approximately TT$31.7 million (or approximately US$4.7 million) is intra-group and will be written-off as at the Completion Date. Cash received in relation to the Transaction will be used for general working capital in the Company's operations.
Today 07:00 Predator O&G Hldgs (PRD)
Conditional Acquisition and Challenger settlement
https://www.investegate.co.uk/predator- ... 00102278K/
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that it has today entered into a binding Term Sheet (the "Term Sheet") with Challenger Energy Group PLC ("Challenger Energy"),...
it has today entered into a binding Term Sheet (the "Term Sheet") with Challenger Energy Group PLC ("Challenger Energy"), providing for:
(i) the acquisition of Challenger Energy's 83.8% interest in the Cory Moruga asset; and
(ii) a mutually agreed final settlement in relation to the Well Participation Agreement under which a CO2 enhanced oil recovery project ("CO2 EOR") was carried out by Predator Oil & Gas Trinidad in CEG Inniss-Trinity Trinidad Limited's (formerly FRAM Exploration Trinidad Limited) Inniss-Trinity field in Trinidad...
· Gross consideration is US$9.0 million.
o US$3.0 million is payable to Challenger Energy by Predator in cash, in instalments
o An agreed amount of US$6 million will be offset against the Gross Consideration to reflect the aggregate agreed value of:;
(i) T-Rex's liabilities (including all contingent and potential liabilities, whether crystallised or not); and
(ii) The option value embedded in Challenger Energy's back-in right ("Back-in Right");
(iii) the repayment of all loans and debts owed or claimed to be owed by either party to the other in respect of the Inniss-Trinity CO2 EOR pilot project
Back-in Right for 25% Equity of Predator's share of Cory Moruga
In relation to the Back-in Right, it may be exercised at Challenger Energy's election:
o at any time in the period commencing three years after the completion date or first commercial production from Cory Moruga field (whichever is earlier) and ending six years after the completion date;
o If the Back-in Right is exercised, Challenger Energy will pay to Predator a fixed cash amount of US$2.25 million:
Today 07:00 Egdon Resources PLC (EDR)
Acquisition of Aurora Production (UK) Limited
https://www.investegate.co.uk/egdon-res ... 00122282K/
it has signed a conditional agreement to acquire the entire issued share capital of Aurora Production (UK) Limited ("Aurora Production") from Aurora Petroleum Limited (the "Vendor"). Aurora Production is a private company, which holds an 18.75% interest in the Edgon operated licence PL090 which contains the Waddock Cross oil field and an 8.33% interest in the IGas operated licence PEDL070 which contains the Avington oil field.
The consideration for this acquisition will be the assumption by Egdon of all ongoing liabilities on these licences, including all abandonment liabilities. However, as part of the transaction Egdon shall receive a cash sum from the Vendor of £0.288 million which reflects the current estimates in relation to these liabilities. Aurora Production has accumulated upstream ringfenced tax losses of ca. £90 million that should be available to offset tax on future profits.
Egdon has an existing 55% operated interest in the Waddock Cross oil field (PL090) which will increase to 73.75% on completion. In addition, Egdon will increase its interest in the remaining part of PL090 (excluding the Waddock Cross oil field) from 42.50% to 56.04%. Waddock Cross is currently shut-in. Independent reservoir modelling has shown that a new horizontal well on the field could yield commercial oil production (500-800 bopd). Given the significant mean in-place oil volume of c. 57 million barrels, this asset has been high graded by Egdon for redevelopment.
Egdon will increase its holding in the Avington oil field from 28.00% to 36.33%. Avington remains shut-in but planning consent to restart production was granted on appeal in December 2021. The forward plan is to redevelop the field during 2023 with longer term plans to include establishing on site water handling facilities.
Egdon estimates that the transaction covering both licences will add approximately 0.614 million barrels of Best Estimate Contingent and Prospective Resources of oil to its resource inventory.
Today 07:00 Upland Resources Ltd (UPL)
Sarawak Update
https://www.investegate.co.uk/upland-re ... 00102290K/
Upland Resources Limited (LSE: UPL) is pleased to announce the November workflow update on the SK334 Joint Technical Study ('JTS') activity in Sarawak, Malaysia....Block SK334 in Sarawak offers transformational potential for a company our size, we have identified three main structural trends in the seismic interpretation work, and confirmed through the correlation with surface geology and regional analogues. We steadily build momentum across a number of fronts, and we are looking forward to updating shareholders on some emerging areas of interest and value creation in the near term.
Separately, we also recognize the potential emerging from our UK North Sea P2478 Dunrobin Prospect and are working closely with the joint venture partners to realise value there as technical studies complete.
Today 07:00 Enwell Energy PLC (ENW)
Resignation of Auditor and Posting of Statement
https://www.investegate.co.uk/enwell-en ... 00112420K/
PricewaterhouseCoopers LLP provided a statement of the reason for its decision to cease to hold office as the Company's auditor, which was that the Company no longer meets PricewaterhouseCoopers LLP's audit client acceptability criteria as a result of the imposition of the restrictive measures (sanctions) against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022
Today 07:00 PetroTal Corp. (PTAL)
Warrant Exercises and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00112921K/
PetroTal received notices to exercise 389,384 (net basis) Performance Warrants at a price of US$0.1869 per Common Share. Following the warrant exercises, the Company will have no further Performance Warrants outstanding.
PetroTal also announces that it has issued an aggregate of 2,177,039 Common Shares to employees
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00112424K/
They bought back 150,000 shares at 71p = £106,500
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00112381K/
They bought back 35,107 shares at 23.843p = £8,371
Yesterday 17:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5653H3205/
They bought back 1,507,139 shares at £22.976 = £34,628,646 and 3,341,899 shares at €26.452 = £77,130,652 for a total of £111,759,299
Yesterday 17:40 Kistos PLC (KIST)
Results of Sanction Hearings
https://www.investegate.co.uk/kistos-pl ... 40572307K/
is pleased to announce the results of the sanction hearing (the "Sanction Hearing") of the High Court of Justice of England and Wales (the "Court") in relation to the restructuring of Kistos
Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28472295K/
They bought back 8,842,198 shares at 467.788p = £41,362,741
Yesterday 17:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z9443/
They bought back 4,908,613 shares at an average of €57.043 = £244,304,477
Yesterday 16:35 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 35192222K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 32% but jagging all over the place
Yesterday 15:58 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 58522190K/
On 16/12/2022, Mark Horrocks & Family Interests increased from below 3% to 3.6%.
Yesterday 15:06 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 06592144K/
On 16.12.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited reduced from 23.49% to 22.99%.
Yesterday 14:08 Capricorn Energy PLC (CNE)
Investor Presentation and Shareholder Letter
https://www.investegate.co.uk/capricorn ... 08542053K/
sent an open letter to shareholders regarding Capricorn's proposed special dividend and combination (together, the "Combination") with NewMed Energy ("NewMed") (TLV: NWMD), a leading Israeli energy limited partnership. The Combination returns substantial capital to shareholders while creating a MENA gas and energy champion and one of the largest upstream energy independents listed in London (the "Combined Group"). The investor presentation is available on http://www.capricornenergy.com
Capricorn has received a requisition notice (the "Requisition Notice") requiring that the Board of Directors (the "Board") convenes a general meeting of shareholders for the purposes of considering and, if thought fit, approving resolutions to: (i) remove Simon Thomson, James Smith, Nicoletta Giadrossi, Peter Kallos, Keith Lough, Luis Araujo and Alison Wood from the Board and (ii) appoint six new proposed candidates to the Board. The Requisition Notice has been delivered by Palliser Capital Master Fund Ltd ("Palliser"), which currently holds approximately 6.9% of the Company's voting share capital. The Board is considering the content and legality of the Requisition Notice and will make further announcements regarding the Requisition Notice in due course.
Yesterday 13:17 New Energy One Acqn. (NEOA)
Proposed Amendment of Warrant Instrument
https://www.investegate.co.uk/new-energ ... 17512011K/
The Company is intending to, in accordance with the Warrant T&Cs, enter into the Amended and Restated Warrant Instrument in order to remove or amend certain features of the Warrants identified as resulting in the Warrants failing the fixed-for-fixed test under International Accounting Standard 32 and enable the Public Warrants to be accounted for as equity in its next financial statements...During the audit process on the Company's interim financial results for the period from 8 November 2021 (its date of incorporation) to 31 May 2022, Grant Thornton, in its capacity as the Company's independent auditor, re-assessed the interpretation of certain terms of the Warrant T&Cs and concluded that certain features of the Warrants fail the fixed-for-fixed test under International Accounting Standard 32 and, accordingly, the Warrants should be accounted for as financial liabilities under IFRS, rather than as equity.
Yesterday 11:59 UK Oil & Gas PLC (UKOG)
Holding(s) in Company
https://www.investegate.co.uk/uk-oil--- ... 59471879K/
On 15-Dec-2022, IG Markets Limited reduced from 4.363% to 3.979%.
Yesterday 11:43 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 43591864K/
On 16-Dec-2022, Spreadex LTD increased from 8.542% to 11.166% and adjusted their shares vs other formats.
Yesterday 10:36 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 36411744K/
On 13/12/2022, FCPI FORTUNE EUROPE 2016-2017 FCPI INNOVALTO 2015 (Paris) reduced from 5.99% to 4.95% and adjusted their shares vs other formats.
Yesterday 10:29 Star Phoenix Group (STA)
Update on GM, Accounts and Suspension of shares
https://www.investegate.co.uk/star-phoe ... 29581735K/
After receiving the final proxy reports presented in the GM, the Company announces the following voting results:
· Resolution 1 - REMOVAL OF AUDITOR: there were 31,025,690 votes of "For", 41,871,487 votes of "Against" whilst 18,870 votes of abstain. Therefore Resolution 1 is not passed.
· Resolution 2 - APPOINTMENT OF AUDITOR: there were 31,025,236 votes of "For", 41,878,540 votes of "Against" whilst 13,600 votes of abstain. Therefore Resolution 2 is not passed.
As a result of each resolution not being passed the Company will not be in a position to appoint its new intended auditor and it will not be able to publish its audited results for the year ended 30 June 2022 by 31 December 2022 as required under Aim rule 19 of the Aim rules for Companies. Consequently the shares of the Company will be suspended from trading from 7.30am on 3 January 2023.
The Company advises that the proposed new auditor had already commenced its work but that under Australian law the new auditor cannot be appointed without a resolution passed by shareholders.
The Company will seek another vote of shareholders in early 2023 to seek to have the necessary resolutions passed.
[shares halved - WTF is going on?]
Yesterday 10:27 TotalEnergies SE (TTE)
Brazil: TotalEnergies Wins a New Exploration License
https://www.investegate.co.uk/totalener ... 2700Z9413/
have won the Agua Marinha block today in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP). Petrobras has exercised their right to take 30% Participating Interest and Operatorship.
Agua Marinha is a large block of 1,300 km2, about 140 km from onshore, located in the pre-salt Campos Basin.
“ TotalEnergies is pleased to expand its presence in the Campos Basin with this new exploration block, alongside three strategic partners. This is in line with our strategy to focus exploration on selected high potential basins which can deliver material low cost, low carbon intensity resources,” said Kevin McLachlan, Senior Vice President, Exploration of TotalEnergies.
TotalEnergieswill participate in the block with a 30% interest, alongside Petrobras operator (30%), QatarEnergy (20%) and PPBL (20%).
Yesterday 10:22 Angus Energy PLC (ANGS)
Result of Placing and Conditional Subscription
https://www.investegate.co.uk/angus-ene ... 22271687K/
The Placing has raised, in aggregate, gross proceeds of £1.89m through the placing of 115,000,000 Ordinary Shares (the "Placing Shares"); and the Subscription has raised an initial £3.7m through the issue of 226,219,000 Ordinary Shares (the "Initial Subscription Shares"), at a price of 1.65p per share (for a total initial fundraise of £5.6m, subject only to Admission.
In addition, the Company has conditionally raised further gross proceeds of £1.5m through a subscription of 89,781,000 new Ordinary Shares, subject to approval of certain Resolutions at an upcoming General Meeting of the Company (the "Conditional Subscription Shares"), also at a price of 1.65 pence per share.
As set out in the announcement of earlier today, the issue of the Placing Shares will be accompanied by the issue of 57,500,000 warrants; the Initial Subscription Shares and the Conditional Subscription Shares will be accompaniesd by the issue of 158,000,000 warrants in aggregate....
The sidetrack well SF-07 is now drilled and cased right up to and into the target Westphalian gas bearing reservoir. The most risky part of the drilling programme is now behind us with the section most prone to hole collapses, which has been problematic on many previous sidetracks, now fully secured and cased. We look forward to completing the final horizontal open hole section in the first two weeks of January and reporting flow tests immediately thereafter.
There is much to look forward to in the year ahead: not least the bringing online of the second compressor and the ability to run the process plant at rates above 10mmscfd with a backdrop of high gas and rolled gas hedge prices, alongside the potential to develop gas and energy storage projects whilst we continue rapid ly paying down the existing development debt and satisfying the deferred consideration
Yesterday 10:15 PAO Novatek (NVTK)
NOVATEK Obtains Yeniseyskiy Subsoil License
https://www.investegate.co.uk/pao-novat ... 15021586K/
the Company's subsidiary NOVATEK-Yurkharovneftegas won the auction for geological survey, exploration and production license for the Yeniseyskiy subsoil area in the Krasnoyarsk Territory.
Yesterday 09:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00141467K/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's dropped -19.4% having touched -27%. Over the last 2 weeks it's been in the usual range.
Yesterday 08:10 Oil and Gas Devt Co (OGDC)
OIL & GAS DISCOVERY AT CHAK-5 DIM SOUTH-3
https://www.investegate.co.uk/oil-and-g ... 10451440K/
has discovered Oil and Gas from development cum exploratory well namely Chak-5 Dim South-3 which is located in District Sanghar, Sindh Province.
2. Chak-5 Dim South-3 was spudded in on June 26, 2022 as development cum exploratory well by using OGDCL's in-house expertise. The well was drilled down to 3400 m. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Massive Sand has tested 2000 Barrels of Oil per Day (BOPD) & 1.30 Million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64" at Well Head Flowing Pressure (WHFP) of 994 Pounds per Square Inch (Psi).
Predator and Challenger resolve their differences by Challenger "selling" (actually writing off $4.7m of internal loans and $6m for the lawsuit but getting $3m in installments for their 83.8% of Cory Moruga which Predator want to CO2 EOR.
And Egdon take over more of the shut-in Waddock Cross and Avington fields and £90m of tax losses in return being paid 288k and taking on for decommissioning liabilities.
Petrofac warn of a $100m EBIT loss thanks to Covid delays on old contracts in Engineering & Construction, but everything is going well apart from that, honest.
Savannah all going well it seems with revenues up 27% yoy, production up 22% (so not getting any benefit from higher prices then). Aquila Energy making good progress on investing their cash in solar etc, with 8% unlevered yield on those investments.
San Leon still facing delays in their deal, selling a fringe asset to keep the lights on, and their 4.5% NPI in Barryroe is flagged in that context.
Empyrean have lots of geology detail on why Jade didn't work but Topaz will make them all rich. Upland are also talking vaguely about geology.
Enwell spud a development well but lose PWC as auditor thanks to the recent sanctions on a major shareholder.
Yesterday saw New Energy One screwed up their warrants which fail the fixed-for-fixed test of IAS32 so they're having to redo them rather than account for them as liabilities and not equity. Well spotted that auditor.
And talking of auditors, Star Phoenix are in the extraordinary position of shareholders rejecting the appointment of a new auditor so they can't get their accounts out and will be suspended from 3 January until it's sorted. Sounds like shareholders playing silly gits, shares halved in response. Capricorn also have shareholders kicking off, wanting a meeting to kick out the board, they respond with a stern letter talking up the NewMed deal.
Angus got their placing away OK ajd SF-07 is now cased into the reservoir, testing results mid-January? And some good news for Pakistan as OGDC have more success at Chak-5 Dim South-3 than their cricketers have enjoyed....
Brent=$79.36(January) WTI=$75.01(December,Brent-4.35) Nymex gas=$5.67(December)
NBP =270.07p(December,Nymex+27.16) TTF=€100.200(January,Nymex+25.51) JKM=$36.490(February,Nymex+30.82)
Today 07:02 Enwell Energy PLC (ENW)
Spud of GOL-107 Well
https://www.investegate.co.uk/enwell-en ... 02012423K/
is pleased to announce the spudding of the GOL-107 well at its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine....The GOL-107 well is a development well and has a target depth of 5,190 metres. Drilling operations are scheduled to be completed by the end of the third quarter of 2023, and, subject to successful testing, production hook-up is scheduled during the fourth quarter of 2023.
Today 07:00 Empyrean Energy PLC (EME)
Interim Results
https://www.investegate.co.uk/empyrean- ... 00112408K/
Main technical reason identified for the absence of pay at Jade is no effective oil migration from the Baiyun Sag to Jade trap.
o Empyrean entered second phase of exploration with the aim to drill the Topaz Prospect before June 2024.
· Duyung PSC Project, Indonesia (EME 8.5%)
Indonesian Government approval for the revised Mako Plan of Development ("PoD") received.
o Updated PoD based upon Contingent Duyung PSC Resources of 384 billion cubic feet gross within the Duyung PSC area which represents 297 billion cubic feet net attributable* to 100% of the Duyung PSC Joint Venture.
o £1.83 million (US$2.27 million) raised through Placing at a price of 1.5p per share; and
o Convertible Loan Note debt restructured.
Today 07:00 Petrofac Limited (PFC)
Trading Update
https://www.investegate.co.uk/petrofac- ... 0006EPNDU/
Continued strong performance in Asset Solutions and IES offset by challenges in E&C
Expect a full year EBIT loss in Engineering & Construction (E&C) of approximately US$190 million for 2022, yielding a total Group EBIT loss of approximately US$100 million
Positive outlook for the recovery in E&C and continued growth in Asset Solutions, with a healthy total Group pipeline of US$68 billion scheduled for award in the next 18 months
Pipeline includes bids submitted of US$5.5 billion, and a further US$1.5 billion where we are at preferred bidder stage
Net debt was US$396 million (2) at 15 December 2022, with cash management partly offsetting the delays
Good progress has been made in the second half where we have completed or substantially completed (1) six lump-sum contracts, with five of the remaining eight active lump-sum contracts scheduled to complete in 2023. This will largely close-out the mature E&C portfolio that was heavily impacted by pandemic delays....
Management expects to report Group revenue of approximately US$2.5 billion and a full-year business performance EBIT loss of approximately US$100 million for 2022....
We have engaged with our lenders to extend the revolving credit facility and a bilateral loan – totalling US$230 million – which are scheduled to mature in October 2023.
Today 07:00 San Leon Energy PLC (SLE)
Update on proposed refinancing
https://www.investegate.co.uk/san-leon- ... 00112928K/
W hilst the MM Capital Facility is a legally binding facility agreement in place between the Company and MM Capital, the Board of San Leon has delayed utilising the facility as it believes that additional or alternative financing might be available on terms that may be better aligned with the Company's overall strategic and financing objectives . Specifically, a prospective alternative lender has also indicated that it may have an interest in taking an equity position in San Leon by acquiring existing ordinary shares from certain shareholders. As the Company seeks to diversify its shareholder base and build long term support ahead of the planned expansion of its activities in Nigeria, the Board considers that financing on this basis represents a substantial improvement over the MM Capital Facility...the Boar d now expects this alternative facility to be finalised and available for draw down early in the New Year and a further announcement will be made at that time by the Company, as appropriate...
As a further source of near-term funding, t he Board is also currently in advanced negotiations in respect of the proposed sale of the Company's non-core investments relating to the Oza oil field in Nigeria (the " Proposed Non-core Investments Sale "), which had a book value of US$5.6 million in San Leon's unaudited interim results for the six months ended 30 June 2022 , to generate working capital....
notwithstanding this short term cashflow delay, San Leon's balance sheet is robust with, in particular, US$112.6 million owed to it by Midwestern Leon Petroleum Limited (the " MLPL Loan ") and US$23.0 million owed to it by ELI. The MLPL Loan will be extinguished following the proposed Midwestern Reorganisation but, for the time being, remains a valid obligation and therefore a significant asset of the Company's. Aside from Oza, the Company also holds non-core assets in other countries which may have a meaningful value, such as the 4.5% net profit interest in the Barryroe Field
Today 07:00 Savannah Energy Plc (SAVE)
Financial and Operational Update
https://www.investegate.co.uk/savannah- ... 00112938K/
Total Revenues1 up 27% y-o-y to US$256.7m for the 11 months ended 30 November 2022 (year to date period ended 30 November 2021: US$201.4m);
· Group cash balance of US$193.1m2 and net debt of US$310.1m3 (as at 30 November 2021: US$149.5m and US$370.2m respectively);
· We update our FY 2022 guidance 4 as follows:
o Total Revenues1 of greater than US$270m (increased from US$215m);
o Group Operating expenses plus administrative expenses 5 unchanged of up to US$75m;
o Group Depreciation, Depletion and Amortisation unchanged of US$21m fixed for infrastructure assets plus US$2.3/boe; and
o FY 2022 capital expenditure of up to US$35m (reduced from up to US$85m) .
YTD Operational Highlights
· Average gross daily Nigeria production in the year-to-date period ended 30 November 2022 was 27.1 Kboepd, a 22% increase from the average gross daily production of 22.2 Kboepd in the same period last year;
· Of the total average gross daily production of 27.1 Kboepd in the year-to-date period, 90% was gas, including a 25% increase in production from the Uquo gas field compared to the same period last year, from 117.4 MMscfpd (19.6 Kboepd) to 147.3 MMscfpd (24.6 Kboepd);
· Following Savannah's completion of the acquisition of ExxonMobil's upstream and midstream asset portfolio in Chad and Cameroon and assumption of the operatorship of the upstream assets on 9 December 2022, production in Chad has continued uninterrupted at an average gross daily rate of approximately 28 Kbopd;
Today 07:00 Aquila Energy Effcn. (AEET)
Trading Update
https://www.investegate.co.uk/aquila-en ... 00112406K/
Commitments increased materially to £87.3m as at 19 December 2022 (31 August 2022: £55.5m). Total income-generating, deployed capital has increased to £54.4m (31 August 2022: £32.1m). The Company is expected to achieve an average gross unlevered project yield of 8.0% over all investments made to date.
Today 07:00 Serica Energy PLC (SQZ)
PROPOSED ACQUISITION OF TAILWIND ENERGY
https://www.investegate.co.uk/serica-en ... 00112936K/
it has entered into an agreement to acquire the entire issued share capital of Tailwind Energy Investments Ltd ("Tailwind") from Tailwind Energy Holdings LLP (the "Seller") (the "Transaction"). The consideration for the acquisition comprises:
· The issue of up to[1] 111,048,124 new ordinary shares in Serica (the "Consideration Shares"). Following the issue of the Consideration Shares, they will represent up to 28.9 per cent of Serica's enlarged issued share capital
· A cash payment on Completion of £58.7 million (the "Cash Consideration")
On the basis of the Serica closing price as of 19 December 2022 of 278 pence per share this would be equivalent to £367 million. Serica will also be taking on Tailwind's net debt, which as at 30 November 2022 was c.£277 million[2]. As part of the Transaction, Mercuria, the largest ultimate shareholder of Tailwind, will become a strategic investor in Serica with a 25.2 per cent holding
· Estimated proforma combined production in 2023 will rise significantly to between 40,000 boe/d and 45,000 boe/d putting Serica in the top 10 UKCS producers and top 3 UKCS listed independent producers
· Acquiring fully developed 2P reserves of 42 million boe[3] to create a combined portfolio with 2P reserves of 104 million boe[4]
There will be a conference call for sell side analysts at 09:00 this morning, details of which are available from Vigo Consulting on serica@vigoconsulting.com. A recording of the call will be made available on the company website http://www.serica-energy.com later today.
Tailwind's core assets include the Triton Area assets acquired from Shell and Exxon in 2018. The Triton Area consists of eight producing oil fields including Evelyn, Bittern, Guillemot and Gannet, all developed through the Dana Petroleum operated FPSO. Tailwind is operator of the Gannet E and Evelyn fields. In addition, Tailwind is an existing partner of Serica in the Columbus gas field and operates the Orlando field. Further information on Tailwind can be found at their website: http://www.tailwind.co.uk
Net 2P reserves from the currently producing fields were 41.8 million boe as at 1 January 2022[8], with oil representing about 86 per cent. Tailwind's net 2C resources at the same date were 29.8 million boe [8] . Tailwind generated a profit before tax of $70.3 million in the 12 months ended 31 December 2021.
Tailwind's total net production is projected to average about 12,000 boe/d in 2022[9], increasing to between 15,000 boe/d and 20,000 boe/d in 2023 following the start of production from the Evelyn field in September 2022, the restart of production from the Orlando field in August 2022 and the drilling of an infill well on the Gannet field which is in the process of being completed and is expected to be online in the first quarter of 2023.
[£644m total then]
Today 07:00 Challenger Energy (CEG)
Sale of Cory Moruga and settlement agreement
https://www.investegate.co.uk/challenge ... 00102067K/
is pleased to announce that it has entered into a binding heads of terms (the "Term Sheet") with Predator Oil & Gas Holdings Plc and relevant subsidiary entities ("Predator"), providing for (i) the conditional sale of the Company's interest in the non-producing Cory Moruga licence in Trinidad, (ii) a framework for future CO2 collaboration between the Company and Predator, and (iii) a mutually agreed settlement in relation to all matters relating to the Inniss-Trinity CO2 enhanced oil recovery ("EOR") pilot project previously carried out by Predator at the Company's Inniss-Trinity block...
· As a consequence of the lack of current production and the need for further appraisal, the Company considers the Cory Moruga licence to be non-core to its cash flow generative production-focused business in Trinidad, and therefore no further work has been planned for the Cory Moruga field in the near-term. In contrast, Predator considers the Cory Moruga field to represent an ideal candidate for a CO2 EOR project.
For the year to 31 December 2021 T-Rex made a loss of approximately TT$4.5 million (or approximately US$674,000), largely reflective of the annual licence fees and dues in respect of the Cory Moruga licence. As at 31 December 2021, T-Rex had net liabilities of approximately TT$48.0 million (or approximately US$7.1 million) of which approximately TT$31.7 million (or approximately US$4.7 million) is intra-group and will be written-off as at the Completion Date. Cash received in relation to the Transaction will be used for general working capital in the Company's operations.
Today 07:00 Predator O&G Hldgs (PRD)
Conditional Acquisition and Challenger settlement
https://www.investegate.co.uk/predator- ... 00102278K/
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that it has today entered into a binding Term Sheet (the "Term Sheet") with Challenger Energy Group PLC ("Challenger Energy"),...
it has today entered into a binding Term Sheet (the "Term Sheet") with Challenger Energy Group PLC ("Challenger Energy"), providing for:
(i) the acquisition of Challenger Energy's 83.8% interest in the Cory Moruga asset; and
(ii) a mutually agreed final settlement in relation to the Well Participation Agreement under which a CO2 enhanced oil recovery project ("CO2 EOR") was carried out by Predator Oil & Gas Trinidad in CEG Inniss-Trinity Trinidad Limited's (formerly FRAM Exploration Trinidad Limited) Inniss-Trinity field in Trinidad...
· Gross consideration is US$9.0 million.
o US$3.0 million is payable to Challenger Energy by Predator in cash, in instalments
o An agreed amount of US$6 million will be offset against the Gross Consideration to reflect the aggregate agreed value of:;
(i) T-Rex's liabilities (including all contingent and potential liabilities, whether crystallised or not); and
(ii) The option value embedded in Challenger Energy's back-in right ("Back-in Right");
(iii) the repayment of all loans and debts owed or claimed to be owed by either party to the other in respect of the Inniss-Trinity CO2 EOR pilot project
Back-in Right for 25% Equity of Predator's share of Cory Moruga
In relation to the Back-in Right, it may be exercised at Challenger Energy's election:
o at any time in the period commencing three years after the completion date or first commercial production from Cory Moruga field (whichever is earlier) and ending six years after the completion date;
o If the Back-in Right is exercised, Challenger Energy will pay to Predator a fixed cash amount of US$2.25 million:
Today 07:00 Egdon Resources PLC (EDR)
Acquisition of Aurora Production (UK) Limited
https://www.investegate.co.uk/egdon-res ... 00122282K/
it has signed a conditional agreement to acquire the entire issued share capital of Aurora Production (UK) Limited ("Aurora Production") from Aurora Petroleum Limited (the "Vendor"). Aurora Production is a private company, which holds an 18.75% interest in the Edgon operated licence PL090 which contains the Waddock Cross oil field and an 8.33% interest in the IGas operated licence PEDL070 which contains the Avington oil field.
The consideration for this acquisition will be the assumption by Egdon of all ongoing liabilities on these licences, including all abandonment liabilities. However, as part of the transaction Egdon shall receive a cash sum from the Vendor of £0.288 million which reflects the current estimates in relation to these liabilities. Aurora Production has accumulated upstream ringfenced tax losses of ca. £90 million that should be available to offset tax on future profits.
Egdon has an existing 55% operated interest in the Waddock Cross oil field (PL090) which will increase to 73.75% on completion. In addition, Egdon will increase its interest in the remaining part of PL090 (excluding the Waddock Cross oil field) from 42.50% to 56.04%. Waddock Cross is currently shut-in. Independent reservoir modelling has shown that a new horizontal well on the field could yield commercial oil production (500-800 bopd). Given the significant mean in-place oil volume of c. 57 million barrels, this asset has been high graded by Egdon for redevelopment.
Egdon will increase its holding in the Avington oil field from 28.00% to 36.33%. Avington remains shut-in but planning consent to restart production was granted on appeal in December 2021. The forward plan is to redevelop the field during 2023 with longer term plans to include establishing on site water handling facilities.
Egdon estimates that the transaction covering both licences will add approximately 0.614 million barrels of Best Estimate Contingent and Prospective Resources of oil to its resource inventory.
Today 07:00 Upland Resources Ltd (UPL)
Sarawak Update
https://www.investegate.co.uk/upland-re ... 00102290K/
Upland Resources Limited (LSE: UPL) is pleased to announce the November workflow update on the SK334 Joint Technical Study ('JTS') activity in Sarawak, Malaysia....Block SK334 in Sarawak offers transformational potential for a company our size, we have identified three main structural trends in the seismic interpretation work, and confirmed through the correlation with surface geology and regional analogues. We steadily build momentum across a number of fronts, and we are looking forward to updating shareholders on some emerging areas of interest and value creation in the near term.
Separately, we also recognize the potential emerging from our UK North Sea P2478 Dunrobin Prospect and are working closely with the joint venture partners to realise value there as technical studies complete.
Today 07:00 Enwell Energy PLC (ENW)
Resignation of Auditor and Posting of Statement
https://www.investegate.co.uk/enwell-en ... 00112420K/
PricewaterhouseCoopers LLP provided a statement of the reason for its decision to cease to hold office as the Company's auditor, which was that the Company no longer meets PricewaterhouseCoopers LLP's audit client acceptability criteria as a result of the imposition of the restrictive measures (sanctions) against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022
Today 07:00 PetroTal Corp. (PTAL)
Warrant Exercises and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00112921K/
PetroTal received notices to exercise 389,384 (net basis) Performance Warrants at a price of US$0.1869 per Common Share. Following the warrant exercises, the Company will have no further Performance Warrants outstanding.
PetroTal also announces that it has issued an aggregate of 2,177,039 Common Shares to employees
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00112424K/
They bought back 150,000 shares at 71p = £106,500
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00112381K/
They bought back 35,107 shares at 23.843p = £8,371
Yesterday 17:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5653H3205/
They bought back 1,507,139 shares at £22.976 = £34,628,646 and 3,341,899 shares at €26.452 = £77,130,652 for a total of £111,759,299
Yesterday 17:40 Kistos PLC (KIST)
Results of Sanction Hearings
https://www.investegate.co.uk/kistos-pl ... 40572307K/
is pleased to announce the results of the sanction hearing (the "Sanction Hearing") of the High Court of Justice of England and Wales (the "Court") in relation to the restructuring of Kistos
Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28472295K/
They bought back 8,842,198 shares at 467.788p = £41,362,741
Yesterday 17:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z9443/
They bought back 4,908,613 shares at an average of €57.043 = £244,304,477
Yesterday 16:35 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 35192222K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
Down 32% but jagging all over the place
Yesterday 15:58 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 58522190K/
On 16/12/2022, Mark Horrocks & Family Interests increased from below 3% to 3.6%.
Yesterday 15:06 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 06592144K/
On 16.12.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited reduced from 23.49% to 22.99%.
Yesterday 14:08 Capricorn Energy PLC (CNE)
Investor Presentation and Shareholder Letter
https://www.investegate.co.uk/capricorn ... 08542053K/
sent an open letter to shareholders regarding Capricorn's proposed special dividend and combination (together, the "Combination") with NewMed Energy ("NewMed") (TLV: NWMD), a leading Israeli energy limited partnership. The Combination returns substantial capital to shareholders while creating a MENA gas and energy champion and one of the largest upstream energy independents listed in London (the "Combined Group"). The investor presentation is available on http://www.capricornenergy.com
Capricorn has received a requisition notice (the "Requisition Notice") requiring that the Board of Directors (the "Board") convenes a general meeting of shareholders for the purposes of considering and, if thought fit, approving resolutions to: (i) remove Simon Thomson, James Smith, Nicoletta Giadrossi, Peter Kallos, Keith Lough, Luis Araujo and Alison Wood from the Board and (ii) appoint six new proposed candidates to the Board. The Requisition Notice has been delivered by Palliser Capital Master Fund Ltd ("Palliser"), which currently holds approximately 6.9% of the Company's voting share capital. The Board is considering the content and legality of the Requisition Notice and will make further announcements regarding the Requisition Notice in due course.
Yesterday 13:17 New Energy One Acqn. (NEOA)
Proposed Amendment of Warrant Instrument
https://www.investegate.co.uk/new-energ ... 17512011K/
The Company is intending to, in accordance with the Warrant T&Cs, enter into the Amended and Restated Warrant Instrument in order to remove or amend certain features of the Warrants identified as resulting in the Warrants failing the fixed-for-fixed test under International Accounting Standard 32 and enable the Public Warrants to be accounted for as equity in its next financial statements...During the audit process on the Company's interim financial results for the period from 8 November 2021 (its date of incorporation) to 31 May 2022, Grant Thornton, in its capacity as the Company's independent auditor, re-assessed the interpretation of certain terms of the Warrant T&Cs and concluded that certain features of the Warrants fail the fixed-for-fixed test under International Accounting Standard 32 and, accordingly, the Warrants should be accounted for as financial liabilities under IFRS, rather than as equity.
Yesterday 11:59 UK Oil & Gas PLC (UKOG)
Holding(s) in Company
https://www.investegate.co.uk/uk-oil--- ... 59471879K/
On 15-Dec-2022, IG Markets Limited reduced from 4.363% to 3.979%.
Yesterday 11:43 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 43591864K/
On 16-Dec-2022, Spreadex LTD increased from 8.542% to 11.166% and adjusted their shares vs other formats.
Yesterday 10:36 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 36411744K/
On 13/12/2022, FCPI FORTUNE EUROPE 2016-2017 FCPI INNOVALTO 2015 (Paris) reduced from 5.99% to 4.95% and adjusted their shares vs other formats.
Yesterday 10:29 Star Phoenix Group (STA)
Update on GM, Accounts and Suspension of shares
https://www.investegate.co.uk/star-phoe ... 29581735K/
After receiving the final proxy reports presented in the GM, the Company announces the following voting results:
· Resolution 1 - REMOVAL OF AUDITOR: there were 31,025,690 votes of "For", 41,871,487 votes of "Against" whilst 18,870 votes of abstain. Therefore Resolution 1 is not passed.
· Resolution 2 - APPOINTMENT OF AUDITOR: there were 31,025,236 votes of "For", 41,878,540 votes of "Against" whilst 13,600 votes of abstain. Therefore Resolution 2 is not passed.
As a result of each resolution not being passed the Company will not be in a position to appoint its new intended auditor and it will not be able to publish its audited results for the year ended 30 June 2022 by 31 December 2022 as required under Aim rule 19 of the Aim rules for Companies. Consequently the shares of the Company will be suspended from trading from 7.30am on 3 January 2023.
The Company advises that the proposed new auditor had already commenced its work but that under Australian law the new auditor cannot be appointed without a resolution passed by shareholders.
The Company will seek another vote of shareholders in early 2023 to seek to have the necessary resolutions passed.
[shares halved - WTF is going on?]
Yesterday 10:27 TotalEnergies SE (TTE)
Brazil: TotalEnergies Wins a New Exploration License
https://www.investegate.co.uk/totalener ... 2700Z9413/
have won the Agua Marinha block today in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP). Petrobras has exercised their right to take 30% Participating Interest and Operatorship.
Agua Marinha is a large block of 1,300 km2, about 140 km from onshore, located in the pre-salt Campos Basin.
“ TotalEnergies is pleased to expand its presence in the Campos Basin with this new exploration block, alongside three strategic partners. This is in line with our strategy to focus exploration on selected high potential basins which can deliver material low cost, low carbon intensity resources,” said Kevin McLachlan, Senior Vice President, Exploration of TotalEnergies.
TotalEnergieswill participate in the block with a 30% interest, alongside Petrobras operator (30%), QatarEnergy (20%) and PPBL (20%).
Yesterday 10:22 Angus Energy PLC (ANGS)
Result of Placing and Conditional Subscription
https://www.investegate.co.uk/angus-ene ... 22271687K/
The Placing has raised, in aggregate, gross proceeds of £1.89m through the placing of 115,000,000 Ordinary Shares (the "Placing Shares"); and the Subscription has raised an initial £3.7m through the issue of 226,219,000 Ordinary Shares (the "Initial Subscription Shares"), at a price of 1.65p per share (for a total initial fundraise of £5.6m, subject only to Admission.
In addition, the Company has conditionally raised further gross proceeds of £1.5m through a subscription of 89,781,000 new Ordinary Shares, subject to approval of certain Resolutions at an upcoming General Meeting of the Company (the "Conditional Subscription Shares"), also at a price of 1.65 pence per share.
As set out in the announcement of earlier today, the issue of the Placing Shares will be accompanied by the issue of 57,500,000 warrants; the Initial Subscription Shares and the Conditional Subscription Shares will be accompaniesd by the issue of 158,000,000 warrants in aggregate....
The sidetrack well SF-07 is now drilled and cased right up to and into the target Westphalian gas bearing reservoir. The most risky part of the drilling programme is now behind us with the section most prone to hole collapses, which has been problematic on many previous sidetracks, now fully secured and cased. We look forward to completing the final horizontal open hole section in the first two weeks of January and reporting flow tests immediately thereafter.
There is much to look forward to in the year ahead: not least the bringing online of the second compressor and the ability to run the process plant at rates above 10mmscfd with a backdrop of high gas and rolled gas hedge prices, alongside the potential to develop gas and energy storage projects whilst we continue rapid ly paying down the existing development debt and satisfying the deferred consideration
Yesterday 10:15 PAO Novatek (NVTK)
NOVATEK Obtains Yeniseyskiy Subsoil License
https://www.investegate.co.uk/pao-novat ... 15021586K/
the Company's subsidiary NOVATEK-Yurkharovneftegas won the auction for geological survey, exploration and production license for the Yeniseyskiy subsoil area in the Krasnoyarsk Territory.
Yesterday 09:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00141467K/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's dropped -19.4% having touched -27%. Over the last 2 weeks it's been in the usual range.
Yesterday 08:10 Oil and Gas Devt Co (OGDC)
OIL & GAS DISCOVERY AT CHAK-5 DIM SOUTH-3
https://www.investegate.co.uk/oil-and-g ... 10451440K/
has discovered Oil and Gas from development cum exploratory well namely Chak-5 Dim South-3 which is located in District Sanghar, Sindh Province.
2. Chak-5 Dim South-3 was spudded in on June 26, 2022 as development cum exploratory well by using OGDCL's in-house expertise. The well was drilled down to 3400 m. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Massive Sand has tested 2000 Barrels of Oil per Day (BOPD) & 1.30 Million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64" at Well Head Flowing Pressure (WHFP) of 994 Pounds per Square Inch (Psi).
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Rest of Tuesday - nothing of much interest, Petrofac directors buy £900k between them, Shell fail to get a quorum for the restructuring of one of the BG notes - Christmas week may not have been the best week to do it.
Yesterday 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27553895K/
They bought back 6,764,692 shares at 468.157p = £31,669,376
Yesterday 17:59 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5938H3410/
They bought back 260,746 shares at £22.931 = £5,979,219 and 3,342,753 shares at €26.423 = £77,094,594 for a total of £83,073,813
Yesterday 17:32 Aquila Energy Effcn. (AEET)
Director/PDMR Shareholding
https://www.investegate.co.uk/aquila-en ... 32143843K/
Director's ?wife buys £10k
Yesterday 16:05 Petrofac Limited (PFC)
Notification of Transaction by Persons Discharging Managerial Responsibilities
https://www.investegate.co.uk/petrofac- ... 0530ECTUS/
the Company hereby makes the following notification in respect of three Directors’ purchases of ordinary shares of US$0.02 each in the Company (the ‘Shares’) completed today. [~£900k total]
Yesterday 15:56 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on January 30 (31), 2023
https://www.investegate.co.uk/s.n.g.n.- ... 56463735K/
S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Ordinary General Meeting of Shareholders (OGSM) on January 30 (31), 2023.
Yesterday 15:47 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 47503728K/
Acquisition of Common Shares through the Company's Employee Share Savings Plan by CFO
Yesterday 15:23 S.N.G.N. Romgaz S.A. (SNGR)
2023 Financial Calendar
https://www.investegate.co.uk/s.n.g.n.- ... 23343711K/
2023 COMMUNICATION CALENDAR OF FINANCIAL INFORMATION OF S.N.G.N. ROMGAZ S.A.
Prelims on 28 February, interims 11 August
Yesterday 15:05 S.N.G.N. Romgaz S.A. (SNGR)
Chief Financial Officer Appointment
https://www.investegate.co.uk/s.n.g.n.- ... 05053691K/
appointed Mrs. Gabriela Trânbițaș as Chief Financial Officer of S.N.G.N. Romgaz S.A. for a period of 4 months, from December 20, 2022 to April 20, 2023.
Yesterday 14:06 Savannah Energy Plc (SAVE)
Savannah Energy Joins the EITI
https://www.investegate.co.uk/savannah- ... 06313634K/
it has joined the Extractive Industries Transparency Initiative ("EITI") in support of EITI's mission to promote the open and accountable management of oil, gas and mineral resources. EITI is a global standard for the good governance of oil, gas and mineral resources which seeks to address the key governance issues in the extractive sectors. Savannah's subsidiaries have aligned to EITI principles in Nigeria since 2015 and Savannah seeks to partner with governments and regulators to build and sustain collaborative efforts towards driving and improving transparency, governance and anti-corruption efforts in the countries in which we operate.
Yesterday 13:45 PAO Novatek (NVTK)
BoD Approves Code of Business Conduct and Ethics
https://www.investegate.co.uk/pao-novat ... 45013568K/
The Board of Directors of PAO NOVATEK ("NOVATEK" and/or the "Company") approved a revised NOVATEK Code of Business Conduct and Ethics
Yesterday 13:35 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 35463608K/
CEO family and foundation both buy
Yesterday 13:14 ATOME Energy PLC (ATOM)
Holding(s) in Company
https://www.investegate.co.uk/atome-ene ... 14583587K/
On 12 December 2022, Clean Power Hydrogen plc increased from 0% to 3.92%.
Yesterday 12:30 Eco (Atlantic) O&G (ECO)
Issue of Shares in relation to Block 3B/4B
https://www.investegate.co.uk/eco--atla ... 30013516K/
further to its announcement of 20 December 2022, that 21,060,000 new Common Shares have been issued to the Lunn Family Trust (the "Consideration Shares") as consideration for the acquisition, by its wholly owned subsidiary Azinam Limited ("Azinam "), of an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa from the Lunn Family Trust (the "Vendor"), one of the shareholders of Ricocure (Proprietary) Limited ("Ricocure") (the " Acquisition ") . Eco now holds a 26.25% participating interest in the block.
Yesterday 11:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45433476K/
On 19-Dec-2022, Societe Generale reduced from 6.104% to 4.993%
Yesterday 11:25 Shell plc (SHEL)
BG Energy - Notice of Adjourned Meeting (2029 Notes)
https://www.investegate.co.uk/shell-plc ... 2546H3330/
Notice of the 11 January 2023 for the 2029 BG note holders - see next RNS below.
Yesterday 11:16 Shell plc (SHEL)
BG Energy Capital plc announces results of noteholders’ meetings in respect of its outstanding Notes
https://www.investegate.co.uk/shell-plc ... 1614H3328/
They had a quorum and approval for the Shellification of the 2025, 2033 and 2036 BG notes but not the big 2029 issue which stymies everything (maybe doing it in Christmas week wasn't the best time to find City types in their offices?) so they're having another go on 11 January.
Yesterday 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00013298K/
On 15-Dec-2022, Bank of America Corporation reduced from 13.045% to 12.983%.
Yesterday 09:57 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 57103294K/
On 15-Dec-2022, Bank of America Corporation reduced from 7.157% to 6.775%.
Yesterday 09:00 BP PLC (BP.)
Additional Listing
https://www.investegate.co.uk/bp-plc--b ... 00012309K/
on 22 December 2022 it will issue and allot 54,999,996 ordinary shares with a par value of US$0.25 each ("Shares") in connection with distributions to participants in certain of its employee share schemes.
Yesterday 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27553895K/
They bought back 6,764,692 shares at 468.157p = £31,669,376
Yesterday 17:59 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5938H3410/
They bought back 260,746 shares at £22.931 = £5,979,219 and 3,342,753 shares at €26.423 = £77,094,594 for a total of £83,073,813
Yesterday 17:32 Aquila Energy Effcn. (AEET)
Director/PDMR Shareholding
https://www.investegate.co.uk/aquila-en ... 32143843K/
Director's ?wife buys £10k
Yesterday 16:05 Petrofac Limited (PFC)
Notification of Transaction by Persons Discharging Managerial Responsibilities
https://www.investegate.co.uk/petrofac- ... 0530ECTUS/
the Company hereby makes the following notification in respect of three Directors’ purchases of ordinary shares of US$0.02 each in the Company (the ‘Shares’) completed today. [~£900k total]
Yesterday 15:56 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGMS on January 30 (31), 2023
https://www.investegate.co.uk/s.n.g.n.- ... 56463735K/
S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Ordinary General Meeting of Shareholders (OGSM) on January 30 (31), 2023.
Yesterday 15:47 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 47503728K/
Acquisition of Common Shares through the Company's Employee Share Savings Plan by CFO
Yesterday 15:23 S.N.G.N. Romgaz S.A. (SNGR)
2023 Financial Calendar
https://www.investegate.co.uk/s.n.g.n.- ... 23343711K/
2023 COMMUNICATION CALENDAR OF FINANCIAL INFORMATION OF S.N.G.N. ROMGAZ S.A.
Prelims on 28 February, interims 11 August
Yesterday 15:05 S.N.G.N. Romgaz S.A. (SNGR)
Chief Financial Officer Appointment
https://www.investegate.co.uk/s.n.g.n.- ... 05053691K/
appointed Mrs. Gabriela Trânbițaș as Chief Financial Officer of S.N.G.N. Romgaz S.A. for a period of 4 months, from December 20, 2022 to April 20, 2023.
Yesterday 14:06 Savannah Energy Plc (SAVE)
Savannah Energy Joins the EITI
https://www.investegate.co.uk/savannah- ... 06313634K/
it has joined the Extractive Industries Transparency Initiative ("EITI") in support of EITI's mission to promote the open and accountable management of oil, gas and mineral resources. EITI is a global standard for the good governance of oil, gas and mineral resources which seeks to address the key governance issues in the extractive sectors. Savannah's subsidiaries have aligned to EITI principles in Nigeria since 2015 and Savannah seeks to partner with governments and regulators to build and sustain collaborative efforts towards driving and improving transparency, governance and anti-corruption efforts in the countries in which we operate.
Yesterday 13:45 PAO Novatek (NVTK)
BoD Approves Code of Business Conduct and Ethics
https://www.investegate.co.uk/pao-novat ... 45013568K/
The Board of Directors of PAO NOVATEK ("NOVATEK" and/or the "Company") approved a revised NOVATEK Code of Business Conduct and Ethics
Yesterday 13:35 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 35463608K/
CEO family and foundation both buy
Yesterday 13:14 ATOME Energy PLC (ATOM)
Holding(s) in Company
https://www.investegate.co.uk/atome-ene ... 14583587K/
On 12 December 2022, Clean Power Hydrogen plc increased from 0% to 3.92%.
Yesterday 12:30 Eco (Atlantic) O&G (ECO)
Issue of Shares in relation to Block 3B/4B
https://www.investegate.co.uk/eco--atla ... 30013516K/
further to its announcement of 20 December 2022, that 21,060,000 new Common Shares have been issued to the Lunn Family Trust (the "Consideration Shares") as consideration for the acquisition, by its wholly owned subsidiary Azinam Limited ("Azinam "), of an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa from the Lunn Family Trust (the "Vendor"), one of the shareholders of Ricocure (Proprietary) Limited ("Ricocure") (the " Acquisition ") . Eco now holds a 26.25% participating interest in the block.
Yesterday 11:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45433476K/
On 19-Dec-2022, Societe Generale reduced from 6.104% to 4.993%
Yesterday 11:25 Shell plc (SHEL)
BG Energy - Notice of Adjourned Meeting (2029 Notes)
https://www.investegate.co.uk/shell-plc ... 2546H3330/
Notice of the 11 January 2023 for the 2029 BG note holders - see next RNS below.
Yesterday 11:16 Shell plc (SHEL)
BG Energy Capital plc announces results of noteholders’ meetings in respect of its outstanding Notes
https://www.investegate.co.uk/shell-plc ... 1614H3328/
They had a quorum and approval for the Shellification of the 2025, 2033 and 2036 BG notes but not the big 2029 issue which stymies everything (maybe doing it in Christmas week wasn't the best time to find City types in their offices?) so they're having another go on 11 January.
Yesterday 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00013298K/
On 15-Dec-2022, Bank of America Corporation reduced from 13.045% to 12.983%.
Yesterday 09:57 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 57103294K/
On 15-Dec-2022, Bank of America Corporation reduced from 7.157% to 6.775%.
Yesterday 09:00 BP PLC (BP.)
Additional Listing
https://www.investegate.co.uk/bp-plc--b ... 00012309K/
on 22 December 2022 it will issue and allot 54,999,996 ordinary shares with a par value of US$0.25 each ("Shares") in connection with distributions to participants in certain of its employee share schemes.
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
The US boys are still at work even if London has largely packed up. Zephyr continue to make solid progress - they've bought out the remaining 25% of Paradox for shares - usual story, minor partner couldn't afford capex, and are also buying some non-operated interests to help fund the capex. It feels like a nice little story is coming together there.
COPL use WTI weakness to restructure their hedges, and will get a proposal for a Barron Flats Deep JV in the New Year.
Block seem happy with the results of JSR-01 DEEP, the actual amounts of oil are trivial but it confirms their theories about the geology.
Hydrogen Utopia delay their move from Aquis to the Main Market as the FCA are being picky about something they said in the prospectus.
Today 07:00 Canadian O'Seas Petr (COPL)
Costless Hedge Restructuring and Corporate Update
https://www.investegate.co.uk/canadian- ... 00053960K/
· The Company's current WTI swaps from January 2023 to June 2023 at a price of $52.87/bbl for approximately 1,000 bbls/d have been cancelled.
· The Company's Butane swaps from January 2023 to June 2023 have been reduced to a volume of 350,000 gallons/month at $0.67/gal to align the volume subject to swaps to the Company's planned injection forecast at the Barron Flats Shannon Miscible Flood.
· The net liability to unwind the above positions has been exchanged for new WTI swaps at an improved price of $52.88/bbl from March 2024 to December 2024 on 1,000 bbls/d and for WTI puts to provide downside protection for the first half of 2023 on 750 bbls/d at $60.00/bbl....Recent WTI weakness has provided the opportunity for COPL to execute this hedge restructuring without a cash cost to unwind the positions and in a manner that will minimize near term hedge losses that have constrained our pace of development....
As previously disclosed, the Company is seeking to re-finance COPL America's US$42 million Senior Credit Facility and close the remaining outstanding hedges. In addition, the Company is seeking funding through a new loan facility to fund the installation of a high-pressure gas gathering system at its Barren Flats Shannon Unit to augment is current low pressure gas gathering system. Engineering design has been completed with procurement and construction to begin post refinancing. Once completed the field will be debottlenecked, thus resulting in increased oil production in line with modeled reservoir performance....
As previously disclosed, COPL was approached late in the third quarter by a large oil company ("JV Party") inquiring if the Company was interested in a Joint Venture partner to appraise and develop its Barron Flats Deep oil discovery announced in September 2021. ...has been recently advised that a potential way forward will be presented by the JV Party in early January 2023....
Oil production is currently fluctuating between 1,400 and 1,500 bbls/d due to cold to extremely cold weather.
Today 07:00 Zephyr Energy PLC (ZPHR)
Acquisitions and Operational Update
https://www.investegate.co.uk/zephyr-en ... 00053966K/
is pleased to announce the acquisition of the remaining 25 per cent working interest across the White Sands Unit (the "WSU") in the Paradox Basin, Utah, U.S. (the "Paradox Basin" or "Paradox Project") (the "Paradox Acquisition").
In addition, the Company announces that it has acquired a working-interest in a further six wells in the Williston Basin, North Dakota...the Company has secured an US$8 million asset-backed bridge loan facility on attractive commercial terms from a U.S. based family office which has co-invested with Zephyr's management team on other projects on multiple occasions....
Historically, RSOC benefitted from a carry on its working-interest in the Paradox Project, and this carry was satisfied on completion of the State 16-2 LN-CC well (the "State 16-2 Well") in 2022. Following the satisfaction of the carry obligation, the vendor was obligated to fund its 25 per cent. proportion of CAPEX, including its share of the CAPEX for the State 36-2 LNW-CC well (the "State 36-2 Well") which is currently being drilled, and also had the right to participate pro-rata in the infrastructure build out that is currently taking place on the project. The total vendor CAPEX for these two items equates to circa US$5 million....
Total consideration of up to US$3 million, payable by way of the issue of new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), to be issued under existing share authorities, at a price of 6.05p per Ordinary Share, representing a circa 11% premium to the Company's mid-market closing share price on 20 December 2022.
· Acquisition of non-operated working-interests in six further wells, equivalent to a net 1.2 wells, in the Williston Basin (the "New Williston Wells") near to Zephyr's current non-operated working interests for total consideration of US$2.9 million. In addition, Zephyr will pay the upcoming US$8.9 million CAPEX associated with the working-interests to bring the wells into production....
· Zephyr's working-interest in the New Williston Wells ranges from 11% to 32% and management currently estimates 2P Reserves being acquired are circa 550,000 boe net to Zephyr....
On a pro forma basis inclusive of the Williston Acquisition working-interests, the Company is issuing a 2023 full-year production forecast of 1,550 to 1,750 boepd for its aggregate Williston Basin interests (net to Zephyr).
· State 36-2 LNW-CC well....Despite the operational delays and the extra time allotted to gather the grant-related reservoir data, it is still the Company's expectation to deliver the well within budgeted authority for expenditure ("AFE") limits albeit on a slightly longer timeframe than originally forecasted. Zephyr now expects the drilling operation to conclude in January 2023.
· State 16-2 LN-CC production test... is underway and production rates are stable and increasing in a measured and planned process. Production data from the test will be released at the conclusion of the test, which is expected in early January 2023.
· Williston Basin non-operated portfolio 2023 average: 1,550 to 1,750 boepd (up from an estimated average of circa 1,400 boepd in 2022);
· Paradox Basin year end 2023 run-rate: 3,300 boepd (assumes WSU 100% working interest and 50% working interest in the Cane Creek DSU production);
· Combined year-end 2023 exit-rate: 4,800 boepd, representing a circa 200% increase from current production rates; and
· Both acquisitions are expected to increase total 2023 exit production rates by 60% (from 3,000 to 4,800 boepd).
Today 07:00 Block Energy PLC (BLOE)
Well Test Programme Results
https://www.investegate.co.uk/block-ene ... 00033723K/
the JSR-01 DEEP testing programme has proven oil from a previously unproduced zone in the Patardzeuli field....Well JSR-01 DEEP is the Company's first Project II appraisal well located in the southwest of the Patardzeuli field. The well was drilled 470m deeper than the donor JSR-01 well, close to the original oil-water contact. Drilled at an inclined angle, it allowed the testing of different zones to help evaluate the remaining oil potential, which will inform future drilling and redevelopment plans....Over a period of two months commencing on the 21st October, the Company tested three overlapping reservoir sections under rod pump and electric submersible pump. The final test which has been on pump since the 9th of December, is producing at a rate of 45 bopd and will now be handed over to production.
The results of the testing programme have demonstrated that there is unswept commercial oil in the Middle Eocene of the Patardzeuli field. The Company is now in a position to advance Project II, from both a subsurface and operational perspective.
Today 07:00 Hydrogen Utopia Intl (HUI)
Admission to Trading and Dealings Delay
https://www.investegate.co.uk/hydrogen- ... 00054022K/
regrets to announce that the admission ("Admission") of the Company's entire issued share capital to the Official List of the Financial Conduct Authority by way of a Standard Listing under Chapter 14 of the Listing Rules and to trading on the London Stock Exchange's Main Market for listed securities, which was due to take place today, has been delayed for highly technical reasons arising from the interaction of the rules and regulations relating to the Main Market and AQSE rules. The Company is working with its advisers and the FCA to resolve the issue, explained below, as rapidly as possible and anticipates that it will be able to announce a new Admission date very shortly....
Page 9 of HUI's prospectus dated 15 December stated that "The Company's securities are currently traded on the Access Segment of the AquisGrowth Market("Aquis")...". As a result of discussions with Aquis and the FCA since the prospectus was published, it has become apparent that HUI cannot retain that Aquis listing once Admission has taken place. HUI has therefore been requested to publish a supplementary prospectus ("SP") making it clear that it cannot retain that Aquis listing and explaining the implications of that in advance of Admission. HUI will, however, retain the Aquis listing until Admission occurs.
Today 07:00 Molecular Energies (MEN)
Market Update
https://www.investegate.co.uk/molecular ... 00033495K/
an update on both its hydrocarbons business, which continues to be operationally profitable, as well as an update on the Green House Capital alternative energies division, is scheduled to be provided on 9 January 2023 being after the Group's year end.
Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00054099K/
Acquisition of Common Shares through the Company's Employee Share Savings Plan
Today 07:00 Igas Energy PLC (IGAS)
Block Listing Six Monthly Return
https://www.investegate.co.uk/igas-ener ... 00053815K/
makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00053975K/
They bought back 91,977 shares at 71.16p = £65,451
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00053956K/
They bought back 14,893 shares at 23.4476p = £3,492
COPL use WTI weakness to restructure their hedges, and will get a proposal for a Barron Flats Deep JV in the New Year.
Block seem happy with the results of JSR-01 DEEP, the actual amounts of oil are trivial but it confirms their theories about the geology.
Hydrogen Utopia delay their move from Aquis to the Main Market as the FCA are being picky about something they said in the prospectus.
Brent=$80.05(December) WTI=$76.24(January,Brent-3.81) Nymex gas=$5.47(December)
NBP =p(December,Nymex-5.47) TTF=€100.500(January,Nymex+25.85) JKM=$34.915(February,Nymex+29.45)
Today 07:00 Canadian O'Seas Petr (COPL)
Costless Hedge Restructuring and Corporate Update
https://www.investegate.co.uk/canadian- ... 00053960K/
· The Company's current WTI swaps from January 2023 to June 2023 at a price of $52.87/bbl for approximately 1,000 bbls/d have been cancelled.
· The Company's Butane swaps from January 2023 to June 2023 have been reduced to a volume of 350,000 gallons/month at $0.67/gal to align the volume subject to swaps to the Company's planned injection forecast at the Barron Flats Shannon Miscible Flood.
· The net liability to unwind the above positions has been exchanged for new WTI swaps at an improved price of $52.88/bbl from March 2024 to December 2024 on 1,000 bbls/d and for WTI puts to provide downside protection for the first half of 2023 on 750 bbls/d at $60.00/bbl....Recent WTI weakness has provided the opportunity for COPL to execute this hedge restructuring without a cash cost to unwind the positions and in a manner that will minimize near term hedge losses that have constrained our pace of development....
As previously disclosed, the Company is seeking to re-finance COPL America's US$42 million Senior Credit Facility and close the remaining outstanding hedges. In addition, the Company is seeking funding through a new loan facility to fund the installation of a high-pressure gas gathering system at its Barren Flats Shannon Unit to augment is current low pressure gas gathering system. Engineering design has been completed with procurement and construction to begin post refinancing. Once completed the field will be debottlenecked, thus resulting in increased oil production in line with modeled reservoir performance....
As previously disclosed, COPL was approached late in the third quarter by a large oil company ("JV Party") inquiring if the Company was interested in a Joint Venture partner to appraise and develop its Barron Flats Deep oil discovery announced in September 2021. ...has been recently advised that a potential way forward will be presented by the JV Party in early January 2023....
Oil production is currently fluctuating between 1,400 and 1,500 bbls/d due to cold to extremely cold weather.
Today 07:00 Zephyr Energy PLC (ZPHR)
Acquisitions and Operational Update
https://www.investegate.co.uk/zephyr-en ... 00053966K/
is pleased to announce the acquisition of the remaining 25 per cent working interest across the White Sands Unit (the "WSU") in the Paradox Basin, Utah, U.S. (the "Paradox Basin" or "Paradox Project") (the "Paradox Acquisition").
In addition, the Company announces that it has acquired a working-interest in a further six wells in the Williston Basin, North Dakota...the Company has secured an US$8 million asset-backed bridge loan facility on attractive commercial terms from a U.S. based family office which has co-invested with Zephyr's management team on other projects on multiple occasions....
Historically, RSOC benefitted from a carry on its working-interest in the Paradox Project, and this carry was satisfied on completion of the State 16-2 LN-CC well (the "State 16-2 Well") in 2022. Following the satisfaction of the carry obligation, the vendor was obligated to fund its 25 per cent. proportion of CAPEX, including its share of the CAPEX for the State 36-2 LNW-CC well (the "State 36-2 Well") which is currently being drilled, and also had the right to participate pro-rata in the infrastructure build out that is currently taking place on the project. The total vendor CAPEX for these two items equates to circa US$5 million....
Total consideration of up to US$3 million, payable by way of the issue of new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), to be issued under existing share authorities, at a price of 6.05p per Ordinary Share, representing a circa 11% premium to the Company's mid-market closing share price on 20 December 2022.
· Acquisition of non-operated working-interests in six further wells, equivalent to a net 1.2 wells, in the Williston Basin (the "New Williston Wells") near to Zephyr's current non-operated working interests for total consideration of US$2.9 million. In addition, Zephyr will pay the upcoming US$8.9 million CAPEX associated with the working-interests to bring the wells into production....
· Zephyr's working-interest in the New Williston Wells ranges from 11% to 32% and management currently estimates 2P Reserves being acquired are circa 550,000 boe net to Zephyr....
On a pro forma basis inclusive of the Williston Acquisition working-interests, the Company is issuing a 2023 full-year production forecast of 1,550 to 1,750 boepd for its aggregate Williston Basin interests (net to Zephyr).
· State 36-2 LNW-CC well....Despite the operational delays and the extra time allotted to gather the grant-related reservoir data, it is still the Company's expectation to deliver the well within budgeted authority for expenditure ("AFE") limits albeit on a slightly longer timeframe than originally forecasted. Zephyr now expects the drilling operation to conclude in January 2023.
· State 16-2 LN-CC production test... is underway and production rates are stable and increasing in a measured and planned process. Production data from the test will be released at the conclusion of the test, which is expected in early January 2023.
· Williston Basin non-operated portfolio 2023 average: 1,550 to 1,750 boepd (up from an estimated average of circa 1,400 boepd in 2022);
· Paradox Basin year end 2023 run-rate: 3,300 boepd (assumes WSU 100% working interest and 50% working interest in the Cane Creek DSU production);
· Combined year-end 2023 exit-rate: 4,800 boepd, representing a circa 200% increase from current production rates; and
· Both acquisitions are expected to increase total 2023 exit production rates by 60% (from 3,000 to 4,800 boepd).
Today 07:00 Block Energy PLC (BLOE)
Well Test Programme Results
https://www.investegate.co.uk/block-ene ... 00033723K/
the JSR-01 DEEP testing programme has proven oil from a previously unproduced zone in the Patardzeuli field....Well JSR-01 DEEP is the Company's first Project II appraisal well located in the southwest of the Patardzeuli field. The well was drilled 470m deeper than the donor JSR-01 well, close to the original oil-water contact. Drilled at an inclined angle, it allowed the testing of different zones to help evaluate the remaining oil potential, which will inform future drilling and redevelopment plans....Over a period of two months commencing on the 21st October, the Company tested three overlapping reservoir sections under rod pump and electric submersible pump. The final test which has been on pump since the 9th of December, is producing at a rate of 45 bopd and will now be handed over to production.
The results of the testing programme have demonstrated that there is unswept commercial oil in the Middle Eocene of the Patardzeuli field. The Company is now in a position to advance Project II, from both a subsurface and operational perspective.
Today 07:00 Hydrogen Utopia Intl (HUI)
Admission to Trading and Dealings Delay
https://www.investegate.co.uk/hydrogen- ... 00054022K/
regrets to announce that the admission ("Admission") of the Company's entire issued share capital to the Official List of the Financial Conduct Authority by way of a Standard Listing under Chapter 14 of the Listing Rules and to trading on the London Stock Exchange's Main Market for listed securities, which was due to take place today, has been delayed for highly technical reasons arising from the interaction of the rules and regulations relating to the Main Market and AQSE rules. The Company is working with its advisers and the FCA to resolve the issue, explained below, as rapidly as possible and anticipates that it will be able to announce a new Admission date very shortly....
Page 9 of HUI's prospectus dated 15 December stated that "The Company's securities are currently traded on the Access Segment of the AquisGrowth Market("Aquis")...". As a result of discussions with Aquis and the FCA since the prospectus was published, it has become apparent that HUI cannot retain that Aquis listing once Admission has taken place. HUI has therefore been requested to publish a supplementary prospectus ("SP") making it clear that it cannot retain that Aquis listing and explaining the implications of that in advance of Admission. HUI will, however, retain the Aquis listing until Admission occurs.
Today 07:00 Molecular Energies (MEN)
Market Update
https://www.investegate.co.uk/molecular ... 00033495K/
an update on both its hydrocarbons business, which continues to be operationally profitable, as well as an update on the Green House Capital alternative energies division, is scheduled to be provided on 9 January 2023 being after the Group's year end.
Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00054099K/
Acquisition of Common Shares through the Company's Employee Share Savings Plan
Today 07:00 Igas Energy PLC (IGAS)
Block Listing Six Monthly Return
https://www.investegate.co.uk/igas-ener ... 00053815K/
makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:
Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00053975K/
They bought back 91,977 shares at 71.16p = £65,451
Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00053956K/
They bought back 14,893 shares at 23.4476p = £3,492
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Rest of today - Total/Eni hitting 105m of gas pay at Zeus off Cyprus is the only real news.
RNSing will be sporadic over the next week or so, which is annoying as it's always a special time for the dedicated RNS fan, watching companies try to sneak out bad news when nobody is watching/in the office/sober.
Today 17:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4800H3638/
They bought back 533,038 shares at £23.495 = £12,523,988 and 1,451,528 shares at €26.921 = £34,319,779 for a total of £46,843,766
Today 17:36 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 36265338K/
Other capital measure (§ 41 (1) WpHG)
Today 16:11 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 11575249K/
On 20/12/2022, Pendal Group Limited (Sydney , Australia) increased from less than 5% to 5.010592%.
Today 14:10 ATOME Energy PLC (ATOM)
Holding(s) in Company
https://www.investegate.co.uk/atome-ene ... 10185139K/
On 20 December 2022, Molecular Energies PLC reduced from 27.9% to 25.2%.
Today 13:50 Parkmead Group (The) (PMG)
Result of AGM
https://www.investegate.co.uk/parkmead- ... 50015116K/
at the Company's Annual General Meeting, held earlier today, all resolutions proposed were duly passed by shareholders.
Today 13:40 Baron Oil PLC (BOIL)
Holding(s) in Company
https://www.investegate.co.uk/baron-oil ... 40085112K/
On 20-Dec-2022, IG Markets Limited reduced from 4.751% to 2.921% and adjusted their shares vs other formats.
Today 11:57 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 57155007K/
On 21-Dec-2022, Harwood Capital LLP/ROCKWOOD STRATEGIC PLC increased from 19.73% to 20.04%.
Today 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00014645K/
On 16-Dec-2022, Bank of America Corporation increased from 12.983% to 13.216%.
Today 09:29 TotalEnergies SE (TTE)
Cyprus: TotalEnergies Announces a New Gas Discovery in Offshore Block 6
https://www.investegate.co.uk/totalener ... 2900Z0509/
have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for the area and its development. [50/50 Total/Eni]
RNSing will be sporadic over the next week or so, which is annoying as it's always a special time for the dedicated RNS fan, watching companies try to sneak out bad news when nobody is watching/in the office/sober.
Today 17:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4800H3638/
They bought back 533,038 shares at £23.495 = £12,523,988 and 1,451,528 shares at €26.921 = £34,319,779 for a total of £46,843,766
Today 17:36 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 36265338K/
Other capital measure (§ 41 (1) WpHG)
Today 16:11 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 11575249K/
On 20/12/2022, Pendal Group Limited (Sydney , Australia) increased from less than 5% to 5.010592%.
Today 14:10 ATOME Energy PLC (ATOM)
Holding(s) in Company
https://www.investegate.co.uk/atome-ene ... 10185139K/
On 20 December 2022, Molecular Energies PLC reduced from 27.9% to 25.2%.
Today 13:50 Parkmead Group (The) (PMG)
Result of AGM
https://www.investegate.co.uk/parkmead- ... 50015116K/
at the Company's Annual General Meeting, held earlier today, all resolutions proposed were duly passed by shareholders.
Today 13:40 Baron Oil PLC (BOIL)
Holding(s) in Company
https://www.investegate.co.uk/baron-oil ... 40085112K/
On 20-Dec-2022, IG Markets Limited reduced from 4.751% to 2.921% and adjusted their shares vs other formats.
Today 11:57 PressureTechnologies (PRES)
Holding(s) in Company
https://www.investegate.co.uk/pressuret ... 57155007K/
On 21-Dec-2022, Harwood Capital LLP/ROCKWOOD STRATEGIC PLC increased from 19.73% to 20.04%.
Today 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00014645K/
On 16-Dec-2022, Bank of America Corporation increased from 12.983% to 13.216%.
Today 09:29 TotalEnergies SE (TTE)
Cyprus: TotalEnergies Announces a New Gas Discovery in Offshore Block 6
https://www.investegate.co.uk/totalener ... 2900Z0509/
have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for the area and its development. [50/50 Total/Eni]
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Apologies I had a busy Christmas so no chance to look at a single RNS, here's Thursday & Friday before Christmas. Generally lot of fairly positive news, the only "funny" being Crystal Amber teaming up with Tony Buckingham to get him on the board of Hurricane, apparently to use their cashflow to fund his African exploration.
23 December 19:25 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 2552H4104/
They bought back 354,616 shares at £23.592 = £8,366,136 and 400,000 shares at €26.975 = £9,537,447 for a total of £17,903,583
23 December 12:10 Harmony Energy Inc. (HEIT)
Holding(s) in Company
https://www.investegate.co.uk/harmony-e ... 10499458K/
On 20-Dec-2022, Schroders Plc reduced from 13.124% to 12.728% and adjusted their shares vs other formats.
23 December 10:49 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 49299221K/
They bought back 40,000 shares at 107p = £42,800
23 December 10:30 Hurricane Energy PLC (HUR)
Requisition of General Meeting
https://www.investegate.co.uk/hurricane ... 30119194K/
it has received a requisition notice (the "Requisition Notice") from Crystal Amber Fund Limited [29% holder] pursuant to section 303 of the Companies Act 2006 (the "Act"), requiring that Hurricane's board (the "Board") convenes a general meeting of shareholders for the purposes of considering the following ordinary resolutions : [remove existing board, replace with Tony Buckingham - former mercenary and founder of Heritage Oil - and Franco Castelli, MD of Buckingham's Albion Energy vehicle, seems the plan is to use Hurricane's cashflow to fund Albion's exploration in Africa]
"Given the excellent traction we are seeing in the [Formal Sales Process, bids in by 7 Jan], which the Company commenced to explore all options for shareholders and to fulfil Crystal Amber's goals, the decision to issue the Requisition Notice at this point is simply mystifying. We note that Crystal Amber is open to bids resulting from the FSP. We encourage the participants in the FSP to submit bids in accordance with the process and look forward to updating shareholders in due course."
23 December 09:31 Wentworth Resources (WEN)
Operational Update and Cost Recovery Audit
https://www.investegate.co.uk/wentworth ... 31219052K/
With sustained strong demand during the year, the Company expects to achieve an average gross daily production rate of approximately 90 MMscf/day for 2022 (previous guidance 75-85MMscf/d). Current production levels are steady at a supply-constrained 90MMscf/d (as at 19 December 2022), below current demand nominations of 95MMscf/d from the key offtaker, Tanzania Petroleum Development Corporation ("TPDC").
The Mnazi Bay Joint Venture (the "Joint Venture") is undertaking an infield workover and perforation programme with a view to being able to meet gas demand nominations during 2023. In addition, pre-front end engineering design ("FEED") to add compression is being progressed. Once sanctioned, the compression project is designed to support production levels at a plateau of 90 MMscf/d from late 2024 until at least 2027....Wentworth has cash (zero debt) of $30.0 million as at 1 December 2022. In addition, TPDC receivables of $5 million are outstanding (representing two months of gas sales for October and November) as well as Tanzania Electric Supply Company ("TANESCO") receivables of approximately $0.9 million, representing six months of gas sales....Following a dispute between the Operator and TPDC and the regulator, Petroleum Upstream Regulatory Authority ("PURA") as to the validity of certain costs contained in the historical cost pool, on 23 December 2022, the Mnazi Bay JV Partners ("JV Partners") received formal notice from TPDC that it proposes to re-open a historic cost pool audit for the years 2013 - 2015 relating to seismic, field infrastructure and drilling of MB-4 well expenditure. The audit will re-examine Joint Venture costs of $45 million (approximately $15 million net to Wentworth)....The Company anticipates, given the absence of recent investment in the Mnazi Bay field, that 2023 production will include significant periods where costs have been fully recovered, leading to substantially lower revenues....
The Company expects to publish the [M&P takeover] document in mid-January 2023. The Scheme Document will contain full details of the Offer, an updated independent valuation of the Company's assets and voting instructions for the shareholder meetings to be held in early February 2023....
"2022 has been a year of exceptional performance and we are delighted to be able to guide towards a full year production average of 90 MMscf/day, an increase of 20% from the lower end of our original guidance. Given the increasing demand, evidenced by ambitious nominations from our key offtaker, TPDC, it is clear that material investment into Mnazi Bay is now required to maintain existing production levels.
"We will issue 2023 guidance in January. Whilst historically the Joint Venture has successfully recovered the substantial majority of cost subject to audit, it highlights our expectation that 2023 production entitlement will in any event be materially less than previously, due to many years of historic cost recovery without replenishing the cost pools.
23 December 09:30 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 30026903K/
DRIP for Person Closely Associated with Murray Auchincloss, chief financial officer
23 December 09:09 Atrato Onsite Energy (ROOF)
Appointment of Joint Corporate Broker
https://www.investegate.co.uk/atrato-on ... 09248959K/
is pleased to announce the appointment of Berenberg as Joint Corporate Broker, alongside Alvarium Securities, with immediate effect.
23 December 07:01 Echo Energy PLC (ECHO)
Intended Non-Executive Director Appointment
https://www.investegate.co.uk/echo-ener ... 01016935K/
following completion of the Company's balance sheet restructuring, the Company intends to appoint Lindor Martin as a non-executive director of the Company.... Mr. Martin has more than 20 years of experience in the design and execution of financial strategies, market analysis, Portfolio, Risk and Treasury management in top-level international companies, banks and Economic consulting firms - including more than 15 years developing structures and managing multicultural teams across countries and sectors. Mr. Martin worked previously at Merrill Lynch, FIEL (Argentine Think tank) and Pluspetrol and is currently the Chairman of Refinor S.A.. He has a BA Honours in economics from Buenos Aires University (ARG), Master in economics from San Andres University (ARG) and an MSc in Economics and Finance from University of York (UK). Mr. Martin's intended appointment to the Board follows his nomination for appointment by Andina PLC,
23 December 07:00 Arrow Exploration (AXL)
perations Update, PDMR Exercise of Options & TVR
https://www.investegate.co.uk/arrow-exp ... 00046941K/
Arrow has initiated the drilling rig move to Rio Cravo Este (RCE) to further exploit the Carbonera Sandstone reservoir. Three additional infill wells will be drilled in Q1 2023 with RCE-3 expected to spud in January 2023. RCE-4 and RCE-5 will be drilled in sequence. The drilling rig was initially delayed due to a different operator experiencing operational issues. The infill wells have similar productivity potential to RCE-2 and RCS-1 which are currently producing 850 BOPD net, well above forecasted rates. RCE-2 was paid out in 37 days with an onstream net cost of $4.2MM....
Earlier this month Arrow began construction of the road, pad and cellars for the three planned Carrizales Norte (CN) wells which are expected to be drilled sometime between March and June 2023....The Company is in discussions with a separate drilling company to bring in a second drilling rig to drill CN-1, CN-2 and CN-3. This would advance the drilling of Carrizales Norte by approximately six weeks....
Arrow has commenced the 134 square kilometer 3D seismic project on the Tapir block....
Cash balance as of 1 December 2022 was $14MM....
Arrow announces that certain Directors and Management exercised 2,983,332 options at GBP 0.07625 per common share
23 December 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Operational Update on Amungee NW-2H Drilling
https://www.investegate.co.uk/falcon-oi ... 0000H3927/
drilling operations, including casing and cementing, at the Amungee NW-2H (“A2H”) well have been successfully completed. The A2H well has been drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale), in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B1) Pty Limited
23 December 07:00 San Leon Energy PLC (SLE)
Update on Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 00046945K/
is pleased to announce that Decklar and its co-venturer Millenium Oil & Gas Company Limited ("Millenium") have completed delivery of 10,000 barrels of crude oil ("bbls") to a small crude oil refinery in Edo State, Nigeria.
23 December 07:00 Indus Gas Limited (INDI)
Half-year Report
https://www.investegate.co.uk/indus-gas ... 00026757K/
The gas price for RJ-ON/6 block effective from 1 April 2022 has been agreed to be as per the domestic gas price on Gross Calorific Value (GCV) basis as notified by petroleum planning and analysis cell of the Government of India. The floor price will continue to US$ 4.5146 per MMBTU on GCV being the existing price of US$ 5 per MMBTU on Net Calorific Value (NCV) basis. The gas price revision has resulted in the gas price being revised to US$ 6.1 per MMBTU on GCV basis from 1 April 2022 to 30 September 2022.
[sales flat, profits down a quarter thanks to deferred tax charge increasing]
23 December 07:00 Plexus Holdings Plc (POS)
AGM Statement
https://www.investegate.co.uk/plexus-ho ... 00023310K/
will hold its Annual General Meeting ('AGM') today. At the AGM, Graham Stevens will be appointed to act as the Chairman of the meeting and will make the following statement: [didn't say much beyond general happiness with life, shareholders may disagree]
23 December 07:00 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.- ... 00058824K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 22, 2022, in the amount of RON 200,000,000.00, due on February 27, 2023.
23 December 07:00 SDX Energy PLC (SDX)
Nominated Adviser & Corporate Broker Appointment
https://www.investegate.co.uk/sdx-energ ... 00046840K/
announces the appointment of Shore Capital as its Nominated Adviser and sole corporate broker with immediate effect.
23 December 07:00 Vaalco Energy Inc (EGY)
TERMINATION OF MATERIAL DEFINITIVE AGREEMENT
https://www.investegate.co.uk/vaalco-en ... 00046931K/
on December 19, 2022, TransGlobe Energy Corporation ("TransGlobe"), an indirect wholly-owned subsidiary of VAALCO, voluntarily delivered a notice of termination to ATB Financial relating to TransGlobe's revolving Canadian reserves-based lending facility with ATB Financial, as lender (the "ATB Facility")....As of December 19, 2022, no amounts were drawn on the revolving loan facility.
23 December Ithaca Energy PLC (ITH)
Director / PDMR Shareholdings
https://www.investegate.co.uk/ithaca-en ... 00046767K/
LTIPs for Lewis and Bruce
23 December Echo Energy PLC (ECHO)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/echo-ener ... 00046934K/
following the exercise [by Andina] of existing warrants to subscribe for new ordinary shares ("Ordinary Shares") in the Company at a price of 0.25 pence per new Ordinary Share (the "Warrants"), the Company will make application for 33,190,876 new Ordinary Shares to be admitted to trading on AIM ("Admission"). The Warrant exercise price of 0.25 pence per new Ordinary Share represents a 108% premium to the closing mid-market price per Ordinary Share on 22 December 2022.
23 December 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00036906K/
They bought back 202,977 shares at 72.21p = £146,570
22 December 18:01 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0121H3891/
They bought back 50,000 shares at £23.713 = £1,185,670 and 50,000 shares at €26.993 = £1,193,094 for a total of £2,378,764
22 December 16:29 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 29496776K/
Issue of subscription shares (Section 41 (2) WpHG)
22 December 16:02 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 02346752K/
On 20-Dec-2022, Bank of America Corporation increased from 6.964% to 7.065%.
22 December 15:44 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 44226743K/
On 21-Dec-2022, Societe Generale reduced from 6.1375% to 5.787% and adjusted their shares vs other formats.
22 December 15:07 OMV Petrom S.A. (PETB)
Changes in the Supervisory Board
https://www.investegate.co.uk/omv-petro ... 07556712K/
OMV Petrom S.A. announces the appointment of Katja Tautscher as interim member of the Supervisory Board effective as of 1st of January 2023 and until the next General Meeting of Shareholders, following Johann Pleininger's waiver of his mandate as member and Deputy President of the Supervisory Board, as well as member and Deputy President of the Presidential and Nomination Committee of OMV Petrom S.A.
At the same time, also effective starting 1st of January 2023, Martijn van Koten becomes Deputy President of the Supervisory Board and member and Deputy President of the Presidential and Nomination Committee of OMV Petrom S.A.
22 December 14:00 Beacon Energy PLC (BCE)
Transaction Presentation & Investor Presentation
https://www.investegate.co.uk/beacon-en ... 00016608K/
further to the RNS dated 16 December 2022, a presentation providing further details of the proposed Rhein Petroleum GmbH transaction has been uploaded to the Company's website and can be viewed via the following link: https://beaconenergyplc.com/media-centre/presentations/
In addition, the Company is pleased to announce that it will host a live investor presentation relating to the proposed acquisition via the Investor Meet Company platform on 5th Jan 2023 at 10:30am GMT.
22 December 13:28 Orcadian Energy PLC (ORCA)
Notice of AGM and Posting of Report and Accounts
https://www.investegate.co.uk/orcadian- ... 28306623K/
it has yesterday posted to shareholders the annual report and accounts of the company for the year ended 30 June 2022 and the Notice of the Company's Annual General Meeting (the "AGM"). The Company's AGM will be held at 11:00 a.m. on 17 January 2023 at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London, EC3V 0HR.
The documents are also available on the Company's website https://orcadian.energy
22 December 12:30 Sound Energy PLC (SOU)
Exploration Permit Update
https://www.investegate.co.uk/sound-ene ... 30416571K/
Morocco's L'Office National des Hydrocarbures et des Mines ("ONHYM") has approved the Company's application to enter the optional First Complimentary Period under the Grand Tendrara Exploration Permits consisting of 2 years to 1 October 2024 (the "Grand Tendrara First Complimentary Period") o Work commitment for the First Complimentary Period comprises the drilling of one exploration well with a Triassic objective...
o ONHYM has approved the Company's application for a 12-month extension to the Anoual Exploration Permits initial period to 8 January 2024 (the "Anoual Initial Period")o Remaining work commitment in the Anoual Initial Period is the drilling of one exploration well with a Triassic objective.
ONHYM has agreed a 12-month extension to the Sidi Moktar Exploration Permits Initial Period, which ended on 9 October 2022 (the "Sidi Moktar Initial Period"), to 9 October 2023 and has accordingly reduced the optional First Complimentary Period of 3 years by 12 months to 2 years.
22 December 10:14 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 14366300K/
On 21-Dec-2022, Spreadex LTD reduced from 12.19% to 4.233%.
22 December 10:06 Angus Energy PLC (ANGS)
Notice of General Meeting
https://www.investegate.co.uk/angus-ene ... 06396220K/
General Meeting ("GM") to be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Monday 9 January 2023 at 11.00 a.m [for approving issue of shares in recent placing]
22 December 09:18 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 1800Z0905/
TotalEnergies SE has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”). The notification of Dealing Form for each PDMR can be found below.
22 December 08:24 Mosman Oil & Gas (MSMN)
Cinnabar-1 well update
https://www.investegate.co.uk/mosman-oi ... 24336118K/
Mosman takes this opportunity to state that the service rig will be nonoperational between 23 and 27 December. In addition, in the last week some required services were not available and will not be so until the 27th. As a result of these circumstances [Cinnabar-1] is not yet on production.
22 December 08:14 Caspian Sunrise plc (CASP)
Operational Update
https://www.investegate.co.uk/caspian-s ... 14306112K/
Deep Well 802 Drilling has reached a depth of 3,614 meters without incident and has paused to allow approximately 300 meters of casing to be laid...expect drilling and testing to be completed by the end of January 2023....
A new G70 rig, on which we expected to complete the purchase in the next few weeks, will be used to resume drilling at Deep Well A7, which was paused at a depth of 2,150 meters....
Work continues to bring wells 141 and 142 back into production and is expected to be completed in Q1 2023, following which if successful production is expected to return to much closer to the previous approximately 4,000 bopd....Production without any contribution from shallow wells 141 and 142 or from deep well 802 remains at approximately 2,400 bopd....All production continues to be sold on the domestic market, including to mini refineries. That there are no international sales is directly as the result of the continuing discounts for oil emerging from the Russian pipeline network, even though sanctions do not apply to oil produced in Kazakhstan and transported via the Russian pipeline network...
provided there are no material adverse findings, the option to acquire Block 8 will be triggered in Q1 2023 and the acquisition would complete later that year.
22 December 08:11 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 11036108K/
On 19-Dec-2022, Bank of America Corporation increased from 6.775% to 6.964% and adjusted their shares vs other formats.
22 December 08:04 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 04356104K/
On 20-Dec-2022, Societe Generale increased from 4.993% to 6.138%.
22 December 08:02 Oil and Gas Devt Co (OGDC)
OIL & GAS DISCOVERY AT KOT NAWAB-1 SINJHORO
https://www.investegate.co.uk/oil-and-g ... 02326102K/
Kot Nawab-1 [76%] was spudded-in on June 03, 2022 as an exploratory well by using OGDCL's in-house expertise. The well was drilled down to 3000 meters. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 125 Barrels of Oil Per Day (BOPD) & 0.483 Million Standard Cubic Feet per Day (MMSCFD) Gas and 400 Barrels of Water per Day (BWPD) through choke size 28/64" at Well Head Flowing Pressure (WHFP) of 150 Pounds per Square Inch
22 December 08:00 AIM ()
Cancellation - Kistos plc
https://www.investegate.co.uk/aim/rns/c ... 00014987K/
Following a corporate restructuring the following securities have been cancelled from trading on AIM with effect from the time and date of this notice. [replaced by new holding company]
22 December 07:15 i3 Energy PLC (I3E)
January 2023 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 15015968K/
i3 announces its monthly dividend totalling £2.040 million and confirms the following:
Dividend: 0.171 pence/share
22 December 07:10 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.- ... 10275967K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 21, 2022, in the amount of RON 95,000,000.00, due on February 27, 2023.
22 December 07:00 Egdon Resources PLC (EDR)
Updated Documentation for AGM
https://www.investegate.co.uk/egdon-res ... 00035324K/
updated and corrected documentation has been produced in respect of the Annual General Meeting ("AGM") of the Company to be held on Tuesday 17 January 2023 at 11.30 a.m. at the offices of Norton Rose Fulbright, 3 More London Riverside, London SE1 2AQ
22 December 07:00 IOG PLC (IOG)
Operational update
https://www.investegate.co.uk/iog-plc-- ... 00055458K/
- Saturn Banks 2H22 average production expected to be c.22 mmscf/d
- Southwark A2 well test and clean-up planned for next week with first gas expected by mid-January
- Blythe H2 well planned to be drilled directly after Southwark A1 well in 1H 2023
- 30,000 therms/day hedged for December 2022 at 303 p/therm and January 2023 at 319 p/therm
...we have made good progress at Southwark, with the A2 well expected onstream by mid-January. The A1 well is then expected to strengthen our production profile from early Q2. With Blythe H2 and the Kelham and Goddard appraisal wells to follow, 2023 is set to be a high-impact year for IOG.
22 December 07:00 NWF Group PLC (NWF)
Trading Update and Acquisition
https://www.investegate.co.uk/nwf-group ... 00055453K/
trading update for the six months ended 30 November 2022 (the "Period") and announces the acquisition of Sweetfuels Limited.... trading in the first half has been strong. The Group's overall results for the Period were ahead of the prior year, with all three divisions trading ahead of the Board's expectations.....The Group has made a strong start to the current financial year [since 30 Nov], with the seasonally more material winter months to come. As such the Board's full year expectations are unchanged at this stage...
NWF is pleased to announce the acquisition of Sweetfuels Limited ("Sweetfuels" or the "Acquisition") for a cash consideration of £10.0 million on a debt and cash free basis. Sweetfuels is a 20 million litre fuel distributor based in Faringdon, Oxfordshire, supplying fuel to predominantly domestic customers across the Cotswolds.... Sweetfuels generated EBITDA of £1.3 million, profit before tax of £1.2 million and had net assets of £2.8 million.
22 December 07:00 Clean Power Hydrogen (CPH2)
Agreements Signed with Fabrum Solutions Ltd
https://www.investegate.co.uk/clean-pow ... 00055423K/
executed a development agreement with New Zealand based Fabrum Solutions Ltd ("Fabrum") (the "Development Agreement"), one of the world's leading cryogenic systems manufacturers for gas separation and hydrogen liquefaction. Fabrum is the result of the merger between Fabrum Solutions and AFCryo, the Company's supplier of the cryogenic systems since 2020....The Development Agreement has been executed for the purposes of the technical development of the Company's [Membrane-Free Electrolyser]...This development support will be focused on the safe and efficient operation of the cryogenic gas separation system at a 1MW scale and at the expanded operation level up to a nominal 2MW scale.
22 December 07:00 Diversified Energy (DEC)
Update to Third Quarter Dividend Timeline
https://www.investegate.co.uk/diversifi ... 00055585K/
a correction to the key dividend dates for the interim dividend of 4.375 cents per share in respect of 3Q22 for the three month period ended 30 September 2022, previously announced on 14 November 2022.
22 December 07:00 i3 Energy PLC (I3E)
2023 Budget, Guidance, Dividend and Presentation
https://www.investegate.co.uk/i3-energy ... 00055956K/
operational update along with the Company's 2023 guidance and increased dividend for 2023. i3 will hold an investor presentation on 9 January at 4:00pm GMT via Investor Meet Company...
Record corporate peak production achieved in December exceeding 24,000 barrels of oil equivalent per day ("boepd") on strong operational results across the Company's extensive asset portfolio, in line with previously forecasted peak 2022 production estimates...Forecast 2023 annual average production of 22,250 - 23,000 boepd, representing a year-over-year increase of approximately 10% - 13%, with an expected 2023 peak production rate of approximately 26,000 boepd...USD 159.6 - 166.7 million of 2023 Net Operating Income ("NOI") and USD 144.0 - 150.5 million of EBITDA, based on our budget price assumption of USD 80/barrel ("bbl") for WTI and CAD 4.50/Gigajoules ("GJ") for AECO natural gas... increasing its 2023 minimum dividend by 59.4% above the total dividends paid during 2022 to £ 24.475 million (USD 30.095 million), through an increased monthly dividend of 0.171 p/share - equating to an annual dividend of 2.052 p/share or a 9.7% yield...current hedges in place to cover 41.6% and 13.3% of the Company's projected Q1 and Q2 2023 production volumes respectively....
The Company's UK operations are focussed on advancing a Field Development Plan ("FDP") for the Serenity field as a one well development, tied in to existing third party infrastructure. Costs for the UK operation have been optimised accordingly and total capital allocation for the Serenity development is less than USD 0.6 million for 2023.
22 December 07:00 Ascent Resources PLC (AST)
Director Appointment
https://www.investegate.co.uk/ascent-re ... 00055367K/
further to the announcement on 1 December 2022, the appointment of Marco Fumagalli, to the Board as a Non-Executive Director with immediate effect. Marco is a Founding Partner at Continental Investment Partners SA, a Swiss-based investment fund and a well-known Italian businessman and industrial investor who was previously a group partner at 3i.
22 December 07:00 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 00055933K/
They bought back 2,556,132 shares at C$1.23 = £1,915,841
Thursday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00045395K/
They bought back 151,239 shares at 71.98p = £108,862
23 December 19:25 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 2552H4104/
They bought back 354,616 shares at £23.592 = £8,366,136 and 400,000 shares at €26.975 = £9,537,447 for a total of £17,903,583
23 December 12:10 Harmony Energy Inc. (HEIT)
Holding(s) in Company
https://www.investegate.co.uk/harmony-e ... 10499458K/
On 20-Dec-2022, Schroders Plc reduced from 13.124% to 12.728% and adjusted their shares vs other formats.
23 December 10:49 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 49299221K/
They bought back 40,000 shares at 107p = £42,800
23 December 10:30 Hurricane Energy PLC (HUR)
Requisition of General Meeting
https://www.investegate.co.uk/hurricane ... 30119194K/
it has received a requisition notice (the "Requisition Notice") from Crystal Amber Fund Limited [29% holder] pursuant to section 303 of the Companies Act 2006 (the "Act"), requiring that Hurricane's board (the "Board") convenes a general meeting of shareholders for the purposes of considering the following ordinary resolutions : [remove existing board, replace with Tony Buckingham - former mercenary and founder of Heritage Oil - and Franco Castelli, MD of Buckingham's Albion Energy vehicle, seems the plan is to use Hurricane's cashflow to fund Albion's exploration in Africa]
"Given the excellent traction we are seeing in the [Formal Sales Process, bids in by 7 Jan], which the Company commenced to explore all options for shareholders and to fulfil Crystal Amber's goals, the decision to issue the Requisition Notice at this point is simply mystifying. We note that Crystal Amber is open to bids resulting from the FSP. We encourage the participants in the FSP to submit bids in accordance with the process and look forward to updating shareholders in due course."
23 December 09:31 Wentworth Resources (WEN)
Operational Update and Cost Recovery Audit
https://www.investegate.co.uk/wentworth ... 31219052K/
With sustained strong demand during the year, the Company expects to achieve an average gross daily production rate of approximately 90 MMscf/day for 2022 (previous guidance 75-85MMscf/d). Current production levels are steady at a supply-constrained 90MMscf/d (as at 19 December 2022), below current demand nominations of 95MMscf/d from the key offtaker, Tanzania Petroleum Development Corporation ("TPDC").
The Mnazi Bay Joint Venture (the "Joint Venture") is undertaking an infield workover and perforation programme with a view to being able to meet gas demand nominations during 2023. In addition, pre-front end engineering design ("FEED") to add compression is being progressed. Once sanctioned, the compression project is designed to support production levels at a plateau of 90 MMscf/d from late 2024 until at least 2027....Wentworth has cash (zero debt) of $30.0 million as at 1 December 2022. In addition, TPDC receivables of $5 million are outstanding (representing two months of gas sales for October and November) as well as Tanzania Electric Supply Company ("TANESCO") receivables of approximately $0.9 million, representing six months of gas sales....Following a dispute between the Operator and TPDC and the regulator, Petroleum Upstream Regulatory Authority ("PURA") as to the validity of certain costs contained in the historical cost pool, on 23 December 2022, the Mnazi Bay JV Partners ("JV Partners") received formal notice from TPDC that it proposes to re-open a historic cost pool audit for the years 2013 - 2015 relating to seismic, field infrastructure and drilling of MB-4 well expenditure. The audit will re-examine Joint Venture costs of $45 million (approximately $15 million net to Wentworth)....The Company anticipates, given the absence of recent investment in the Mnazi Bay field, that 2023 production will include significant periods where costs have been fully recovered, leading to substantially lower revenues....
The Company expects to publish the [M&P takeover] document in mid-January 2023. The Scheme Document will contain full details of the Offer, an updated independent valuation of the Company's assets and voting instructions for the shareholder meetings to be held in early February 2023....
"2022 has been a year of exceptional performance and we are delighted to be able to guide towards a full year production average of 90 MMscf/day, an increase of 20% from the lower end of our original guidance. Given the increasing demand, evidenced by ambitious nominations from our key offtaker, TPDC, it is clear that material investment into Mnazi Bay is now required to maintain existing production levels.
"We will issue 2023 guidance in January. Whilst historically the Joint Venture has successfully recovered the substantial majority of cost subject to audit, it highlights our expectation that 2023 production entitlement will in any event be materially less than previously, due to many years of historic cost recovery without replenishing the cost pools.
23 December 09:30 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 30026903K/
DRIP for Person Closely Associated with Murray Auchincloss, chief financial officer
23 December 09:09 Atrato Onsite Energy (ROOF)
Appointment of Joint Corporate Broker
https://www.investegate.co.uk/atrato-on ... 09248959K/
is pleased to announce the appointment of Berenberg as Joint Corporate Broker, alongside Alvarium Securities, with immediate effect.
23 December 07:01 Echo Energy PLC (ECHO)
Intended Non-Executive Director Appointment
https://www.investegate.co.uk/echo-ener ... 01016935K/
following completion of the Company's balance sheet restructuring, the Company intends to appoint Lindor Martin as a non-executive director of the Company.... Mr. Martin has more than 20 years of experience in the design and execution of financial strategies, market analysis, Portfolio, Risk and Treasury management in top-level international companies, banks and Economic consulting firms - including more than 15 years developing structures and managing multicultural teams across countries and sectors. Mr. Martin worked previously at Merrill Lynch, FIEL (Argentine Think tank) and Pluspetrol and is currently the Chairman of Refinor S.A.. He has a BA Honours in economics from Buenos Aires University (ARG), Master in economics from San Andres University (ARG) and an MSc in Economics and Finance from University of York (UK). Mr. Martin's intended appointment to the Board follows his nomination for appointment by Andina PLC,
23 December 07:00 Arrow Exploration (AXL)
perations Update, PDMR Exercise of Options & TVR
https://www.investegate.co.uk/arrow-exp ... 00046941K/
Arrow has initiated the drilling rig move to Rio Cravo Este (RCE) to further exploit the Carbonera Sandstone reservoir. Three additional infill wells will be drilled in Q1 2023 with RCE-3 expected to spud in January 2023. RCE-4 and RCE-5 will be drilled in sequence. The drilling rig was initially delayed due to a different operator experiencing operational issues. The infill wells have similar productivity potential to RCE-2 and RCS-1 which are currently producing 850 BOPD net, well above forecasted rates. RCE-2 was paid out in 37 days with an onstream net cost of $4.2MM....
Earlier this month Arrow began construction of the road, pad and cellars for the three planned Carrizales Norte (CN) wells which are expected to be drilled sometime between March and June 2023....The Company is in discussions with a separate drilling company to bring in a second drilling rig to drill CN-1, CN-2 and CN-3. This would advance the drilling of Carrizales Norte by approximately six weeks....
Arrow has commenced the 134 square kilometer 3D seismic project on the Tapir block....
Cash balance as of 1 December 2022 was $14MM....
Arrow announces that certain Directors and Management exercised 2,983,332 options at GBP 0.07625 per common share
23 December 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Operational Update on Amungee NW-2H Drilling
https://www.investegate.co.uk/falcon-oi ... 0000H3927/
drilling operations, including casing and cementing, at the Amungee NW-2H (“A2H”) well have been successfully completed. The A2H well has been drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale), in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B1) Pty Limited
23 December 07:00 San Leon Energy PLC (SLE)
Update on Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 00046945K/
is pleased to announce that Decklar and its co-venturer Millenium Oil & Gas Company Limited ("Millenium") have completed delivery of 10,000 barrels of crude oil ("bbls") to a small crude oil refinery in Edo State, Nigeria.
23 December 07:00 Indus Gas Limited (INDI)
Half-year Report
https://www.investegate.co.uk/indus-gas ... 00026757K/
The gas price for RJ-ON/6 block effective from 1 April 2022 has been agreed to be as per the domestic gas price on Gross Calorific Value (GCV) basis as notified by petroleum planning and analysis cell of the Government of India. The floor price will continue to US$ 4.5146 per MMBTU on GCV being the existing price of US$ 5 per MMBTU on Net Calorific Value (NCV) basis. The gas price revision has resulted in the gas price being revised to US$ 6.1 per MMBTU on GCV basis from 1 April 2022 to 30 September 2022.
[sales flat, profits down a quarter thanks to deferred tax charge increasing]
23 December 07:00 Plexus Holdings Plc (POS)
AGM Statement
https://www.investegate.co.uk/plexus-ho ... 00023310K/
will hold its Annual General Meeting ('AGM') today. At the AGM, Graham Stevens will be appointed to act as the Chairman of the meeting and will make the following statement: [didn't say much beyond general happiness with life, shareholders may disagree]
23 December 07:00 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.- ... 00058824K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 22, 2022, in the amount of RON 200,000,000.00, due on February 27, 2023.
23 December 07:00 SDX Energy PLC (SDX)
Nominated Adviser & Corporate Broker Appointment
https://www.investegate.co.uk/sdx-energ ... 00046840K/
announces the appointment of Shore Capital as its Nominated Adviser and sole corporate broker with immediate effect.
23 December 07:00 Vaalco Energy Inc (EGY)
TERMINATION OF MATERIAL DEFINITIVE AGREEMENT
https://www.investegate.co.uk/vaalco-en ... 00046931K/
on December 19, 2022, TransGlobe Energy Corporation ("TransGlobe"), an indirect wholly-owned subsidiary of VAALCO, voluntarily delivered a notice of termination to ATB Financial relating to TransGlobe's revolving Canadian reserves-based lending facility with ATB Financial, as lender (the "ATB Facility")....As of December 19, 2022, no amounts were drawn on the revolving loan facility.
23 December Ithaca Energy PLC (ITH)
Director / PDMR Shareholdings
https://www.investegate.co.uk/ithaca-en ... 00046767K/
LTIPs for Lewis and Bruce
23 December Echo Energy PLC (ECHO)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/echo-ener ... 00046934K/
following the exercise [by Andina] of existing warrants to subscribe for new ordinary shares ("Ordinary Shares") in the Company at a price of 0.25 pence per new Ordinary Share (the "Warrants"), the Company will make application for 33,190,876 new Ordinary Shares to be admitted to trading on AIM ("Admission"). The Warrant exercise price of 0.25 pence per new Ordinary Share represents a 108% premium to the closing mid-market price per Ordinary Share on 22 December 2022.
23 December 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00036906K/
They bought back 202,977 shares at 72.21p = £146,570
22 December 18:01 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0121H3891/
They bought back 50,000 shares at £23.713 = £1,185,670 and 50,000 shares at €26.993 = £1,193,094 for a total of £2,378,764
22 December 16:29 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 29496776K/
Issue of subscription shares (Section 41 (2) WpHG)
22 December 16:02 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 02346752K/
On 20-Dec-2022, Bank of America Corporation increased from 6.964% to 7.065%.
22 December 15:44 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 44226743K/
On 21-Dec-2022, Societe Generale reduced from 6.1375% to 5.787% and adjusted their shares vs other formats.
22 December 15:07 OMV Petrom S.A. (PETB)
Changes in the Supervisory Board
https://www.investegate.co.uk/omv-petro ... 07556712K/
OMV Petrom S.A. announces the appointment of Katja Tautscher as interim member of the Supervisory Board effective as of 1st of January 2023 and until the next General Meeting of Shareholders, following Johann Pleininger's waiver of his mandate as member and Deputy President of the Supervisory Board, as well as member and Deputy President of the Presidential and Nomination Committee of OMV Petrom S.A.
At the same time, also effective starting 1st of January 2023, Martijn van Koten becomes Deputy President of the Supervisory Board and member and Deputy President of the Presidential and Nomination Committee of OMV Petrom S.A.
22 December 14:00 Beacon Energy PLC (BCE)
Transaction Presentation & Investor Presentation
https://www.investegate.co.uk/beacon-en ... 00016608K/
further to the RNS dated 16 December 2022, a presentation providing further details of the proposed Rhein Petroleum GmbH transaction has been uploaded to the Company's website and can be viewed via the following link: https://beaconenergyplc.com/media-centre/presentations/
In addition, the Company is pleased to announce that it will host a live investor presentation relating to the proposed acquisition via the Investor Meet Company platform on 5th Jan 2023 at 10:30am GMT.
22 December 13:28 Orcadian Energy PLC (ORCA)
Notice of AGM and Posting of Report and Accounts
https://www.investegate.co.uk/orcadian- ... 28306623K/
it has yesterday posted to shareholders the annual report and accounts of the company for the year ended 30 June 2022 and the Notice of the Company's Annual General Meeting (the "AGM"). The Company's AGM will be held at 11:00 a.m. on 17 January 2023 at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London, EC3V 0HR.
The documents are also available on the Company's website https://orcadian.energy
22 December 12:30 Sound Energy PLC (SOU)
Exploration Permit Update
https://www.investegate.co.uk/sound-ene ... 30416571K/
Morocco's L'Office National des Hydrocarbures et des Mines ("ONHYM") has approved the Company's application to enter the optional First Complimentary Period under the Grand Tendrara Exploration Permits consisting of 2 years to 1 October 2024 (the "Grand Tendrara First Complimentary Period") o Work commitment for the First Complimentary Period comprises the drilling of one exploration well with a Triassic objective...
o ONHYM has approved the Company's application for a 12-month extension to the Anoual Exploration Permits initial period to 8 January 2024 (the "Anoual Initial Period")o Remaining work commitment in the Anoual Initial Period is the drilling of one exploration well with a Triassic objective.
ONHYM has agreed a 12-month extension to the Sidi Moktar Exploration Permits Initial Period, which ended on 9 October 2022 (the "Sidi Moktar Initial Period"), to 9 October 2023 and has accordingly reduced the optional First Complimentary Period of 3 years by 12 months to 2 years.
22 December 10:14 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 14366300K/
On 21-Dec-2022, Spreadex LTD reduced from 12.19% to 4.233%.
22 December 10:06 Angus Energy PLC (ANGS)
Notice of General Meeting
https://www.investegate.co.uk/angus-ene ... 06396220K/
General Meeting ("GM") to be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Monday 9 January 2023 at 11.00 a.m [for approving issue of shares in recent placing]
22 December 09:18 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 1800Z0905/
TotalEnergies SE has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”). The notification of Dealing Form for each PDMR can be found below.
22 December 08:24 Mosman Oil & Gas (MSMN)
Cinnabar-1 well update
https://www.investegate.co.uk/mosman-oi ... 24336118K/
Mosman takes this opportunity to state that the service rig will be nonoperational between 23 and 27 December. In addition, in the last week some required services were not available and will not be so until the 27th. As a result of these circumstances [Cinnabar-1] is not yet on production.
22 December 08:14 Caspian Sunrise plc (CASP)
Operational Update
https://www.investegate.co.uk/caspian-s ... 14306112K/
Deep Well 802 Drilling has reached a depth of 3,614 meters without incident and has paused to allow approximately 300 meters of casing to be laid...expect drilling and testing to be completed by the end of January 2023....
A new G70 rig, on which we expected to complete the purchase in the next few weeks, will be used to resume drilling at Deep Well A7, which was paused at a depth of 2,150 meters....
Work continues to bring wells 141 and 142 back into production and is expected to be completed in Q1 2023, following which if successful production is expected to return to much closer to the previous approximately 4,000 bopd....Production without any contribution from shallow wells 141 and 142 or from deep well 802 remains at approximately 2,400 bopd....All production continues to be sold on the domestic market, including to mini refineries. That there are no international sales is directly as the result of the continuing discounts for oil emerging from the Russian pipeline network, even though sanctions do not apply to oil produced in Kazakhstan and transported via the Russian pipeline network...
provided there are no material adverse findings, the option to acquire Block 8 will be triggered in Q1 2023 and the acquisition would complete later that year.
22 December 08:11 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 11036108K/
On 19-Dec-2022, Bank of America Corporation increased from 6.775% to 6.964% and adjusted their shares vs other formats.
22 December 08:04 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 04356104K/
On 20-Dec-2022, Societe Generale increased from 4.993% to 6.138%.
22 December 08:02 Oil and Gas Devt Co (OGDC)
OIL & GAS DISCOVERY AT KOT NAWAB-1 SINJHORO
https://www.investegate.co.uk/oil-and-g ... 02326102K/
Kot Nawab-1 [76%] was spudded-in on June 03, 2022 as an exploratory well by using OGDCL's in-house expertise. The well was drilled down to 3000 meters. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 125 Barrels of Oil Per Day (BOPD) & 0.483 Million Standard Cubic Feet per Day (MMSCFD) Gas and 400 Barrels of Water per Day (BWPD) through choke size 28/64" at Well Head Flowing Pressure (WHFP) of 150 Pounds per Square Inch
22 December 08:00 AIM ()
Cancellation - Kistos plc
https://www.investegate.co.uk/aim/rns/c ... 00014987K/
Following a corporate restructuring the following securities have been cancelled from trading on AIM with effect from the time and date of this notice. [replaced by new holding company]
22 December 07:15 i3 Energy PLC (I3E)
January 2023 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 15015968K/
i3 announces its monthly dividend totalling £2.040 million and confirms the following:
Dividend: 0.171 pence/share
22 December 07:10 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.- ... 10275967K/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on December 21, 2022, in the amount of RON 95,000,000.00, due on February 27, 2023.
22 December 07:00 Egdon Resources PLC (EDR)
Updated Documentation for AGM
https://www.investegate.co.uk/egdon-res ... 00035324K/
updated and corrected documentation has been produced in respect of the Annual General Meeting ("AGM") of the Company to be held on Tuesday 17 January 2023 at 11.30 a.m. at the offices of Norton Rose Fulbright, 3 More London Riverside, London SE1 2AQ
22 December 07:00 IOG PLC (IOG)
Operational update
https://www.investegate.co.uk/iog-plc-- ... 00055458K/
- Saturn Banks 2H22 average production expected to be c.22 mmscf/d
- Southwark A2 well test and clean-up planned for next week with first gas expected by mid-January
- Blythe H2 well planned to be drilled directly after Southwark A1 well in 1H 2023
- 30,000 therms/day hedged for December 2022 at 303 p/therm and January 2023 at 319 p/therm
...we have made good progress at Southwark, with the A2 well expected onstream by mid-January. The A1 well is then expected to strengthen our production profile from early Q2. With Blythe H2 and the Kelham and Goddard appraisal wells to follow, 2023 is set to be a high-impact year for IOG.
22 December 07:00 NWF Group PLC (NWF)
Trading Update and Acquisition
https://www.investegate.co.uk/nwf-group ... 00055453K/
trading update for the six months ended 30 November 2022 (the "Period") and announces the acquisition of Sweetfuels Limited.... trading in the first half has been strong. The Group's overall results for the Period were ahead of the prior year, with all three divisions trading ahead of the Board's expectations.....The Group has made a strong start to the current financial year [since 30 Nov], with the seasonally more material winter months to come. As such the Board's full year expectations are unchanged at this stage...
NWF is pleased to announce the acquisition of Sweetfuels Limited ("Sweetfuels" or the "Acquisition") for a cash consideration of £10.0 million on a debt and cash free basis. Sweetfuels is a 20 million litre fuel distributor based in Faringdon, Oxfordshire, supplying fuel to predominantly domestic customers across the Cotswolds.... Sweetfuels generated EBITDA of £1.3 million, profit before tax of £1.2 million and had net assets of £2.8 million.
22 December 07:00 Clean Power Hydrogen (CPH2)
Agreements Signed with Fabrum Solutions Ltd
https://www.investegate.co.uk/clean-pow ... 00055423K/
executed a development agreement with New Zealand based Fabrum Solutions Ltd ("Fabrum") (the "Development Agreement"), one of the world's leading cryogenic systems manufacturers for gas separation and hydrogen liquefaction. Fabrum is the result of the merger between Fabrum Solutions and AFCryo, the Company's supplier of the cryogenic systems since 2020....The Development Agreement has been executed for the purposes of the technical development of the Company's [Membrane-Free Electrolyser]...This development support will be focused on the safe and efficient operation of the cryogenic gas separation system at a 1MW scale and at the expanded operation level up to a nominal 2MW scale.
22 December 07:00 Diversified Energy (DEC)
Update to Third Quarter Dividend Timeline
https://www.investegate.co.uk/diversifi ... 00055585K/
a correction to the key dividend dates for the interim dividend of 4.375 cents per share in respect of 3Q22 for the three month period ended 30 September 2022, previously announced on 14 November 2022.
22 December 07:00 i3 Energy PLC (I3E)
2023 Budget, Guidance, Dividend and Presentation
https://www.investegate.co.uk/i3-energy ... 00055956K/
operational update along with the Company's 2023 guidance and increased dividend for 2023. i3 will hold an investor presentation on 9 January at 4:00pm GMT via Investor Meet Company...
Record corporate peak production achieved in December exceeding 24,000 barrels of oil equivalent per day ("boepd") on strong operational results across the Company's extensive asset portfolio, in line with previously forecasted peak 2022 production estimates...Forecast 2023 annual average production of 22,250 - 23,000 boepd, representing a year-over-year increase of approximately 10% - 13%, with an expected 2023 peak production rate of approximately 26,000 boepd...USD 159.6 - 166.7 million of 2023 Net Operating Income ("NOI") and USD 144.0 - 150.5 million of EBITDA, based on our budget price assumption of USD 80/barrel ("bbl") for WTI and CAD 4.50/Gigajoules ("GJ") for AECO natural gas... increasing its 2023 minimum dividend by 59.4% above the total dividends paid during 2022 to £ 24.475 million (USD 30.095 million), through an increased monthly dividend of 0.171 p/share - equating to an annual dividend of 2.052 p/share or a 9.7% yield...current hedges in place to cover 41.6% and 13.3% of the Company's projected Q1 and Q2 2023 production volumes respectively....
The Company's UK operations are focussed on advancing a Field Development Plan ("FDP") for the Serenity field as a one well development, tied in to existing third party infrastructure. Costs for the UK operation have been optimised accordingly and total capital allocation for the Serenity development is less than USD 0.6 million for 2023.
22 December 07:00 Ascent Resources PLC (AST)
Director Appointment
https://www.investegate.co.uk/ascent-re ... 00055367K/
further to the announcement on 1 December 2022, the appointment of Marco Fumagalli, to the Board as a Non-Executive Director with immediate effect. Marco is a Founding Partner at Continental Investment Partners SA, a Swiss-based investment fund and a well-known Italian businessman and industrial investor who was previously a group partner at 3i.
22 December 07:00 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 00055933K/
They bought back 2,556,132 shares at C$1.23 = £1,915,841
Thursday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00045395K/
They bought back 151,239 shares at 71.98p = £108,862
-
Hallucigenia
- Lemon Quarter
- Posts: 2685
- Joined: November 5th, 2016, 3:03 am
- Has thanked: 170 times
- Been thanked: 1777 times
Re: Hal's oily roundup
Tuesday and Wednesday last week - PetroTal have another great result with 12H so are now bumping into capacity constraints, couple of AGMs signing off slightly cheeky share issues etc.
Wednesday 17:58 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 5822H4579/
following the payment of the interim dividend on December 19, 2022 in respect of the third quarter of 2022, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Wednesday 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4545H4578/
They bought back 317,580 shares at £23.627 = £7,503,367 and 437,478 shares at €27.000 = £10,443,379 for a total of £17,946,746
Wednesday 16:35 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 35301195L/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's down -13.8%. Over the last 2 weeks it's been in the usual range.
Wednesday 15:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000P1512/
Non-exec takes fees as shares
Wednesday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Blocklisting - Interim Review
https://www.investegate.co.uk/wood-grou ... 5800P5B07/
Employee Share Trust
Wednesday 14:00 Eco (Atlantic) O&G (ECO)
Price Monitoring Extension
https://www.investegate.co.uk/eco--atla ... 00251133L/
https://uk.finance.yahoo.com/quote/ECO.L/chart
On the day it's up +8.6%. Over the last 2 weeks it's been in the usual range.
Wednesday 13:53 Invinity Energy Sys (IES)
Holding(s) in Company
https://www.investegate.co.uk/invinity- ... 53161128L/
On 20/12/2022, Schroders plc reduced from 24.694% to 24.12952%.
Wednesday 13:30 Touchstone Explrtn. (TXP)
Release of 2021 Sustainability Report
https://www.investegate.co.uk/touchston ... 30051114L/
is pleased to release our 2021 Sustainability Report (the "Report"), outlining our progress and initiatives on health, safety, social, environmental and governance practices. The Report can be found on our website at http://www.touchstoneexploration.com
Wednesday 13:09 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 09051104L/
On 23-Dec-2022, Societe Generale increased from 4.6596% to 5.698%.
Wednesday 13:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00041004L/
On 20-Dec-2022, Bank of America Corporation reduced from 13.216% to 12.987%.
Wednesday 12:01 Wildcat Petroleum (WCAT)
Results of AGM
https://www.investegate.co.uk/wildcat-p ... 01211006L/
Following Wildcat's Annual General Meeting ("AGM") of the 23 December 2022, Wildcat is pleased to announce that all resolutions set out in the Notice of AGM were approved by shareholders.[all 100%:0!]
Wednesday 09:28 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 28190660L/
On 21-Dec-2022, Bank of America Corporation reduced from 7.065% to 6.924%.
Wednesday 09:22 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 22580656L/
On 22-Dec-2022, Societe Generale reduced from 5.787% to 4.66% and adjusted their shares vs other formats.
Wednesday 07:00 PJSC Tatneft (ATAD)
Result of EGM
https://www.investegate.co.uk/pjsc-tatn ... 00089872K/
On 27 December 2022 PJSC Tatneft held the extraordinary general shareholders meeting by absentee voting (the "EGM") with the agenda of payment of dividends for the 9 months of 2022.
Wednesday 07:00 Plexus Holdings Plc (POS)
Result of AGM
https://www.investegate.co.uk/plexus-ho ... 00089599K/
each of the resolutions proposed at the Annual General Meeting ("AGM") were duly passed on a show of hands without a poll of votes being demanded....the Company is now authorised to enter into the debenture (as chargee) with [CEO] Ben van Bilderbeek (as security trustee on behalf of the lenders) to secure up to £1,550.000 loan notes 2024 constituted by the Instrument by way of a first ranking charge over all of the Company's assets (excluding any that are subject of a Bank of Scotland security) and has done so with effect from the date of the AGM.
Wednesday 07:00 PetroTal Corp. (PTAL)
Initial Production for Well 12H and Other Updates
https://www.investegate.co.uk/petrotal- ... 00080429L/
· Well 12H has tested naturally, off pump, at approximately 2,900 barrels of oil per day ("bopd") over its first 10 days of production since December 16, 2022;
· Current production of well 12H, under natural flow, has increased to approximately 3,650 bopd as at December 27, 2022, indicating the well continues to clean out completion fluid...
· Once the ESP is activated, the 12H well is expected to produce similarly to the neighboring 13H well, which averaged 6,451 bopd during its first 30 days online, and has averaged approximately 4,000 bopd during the past 10 days....
on December 20, 2022, it received board approval to incorporate the 2.5% social trust addendum into the Block 95 License Contract. Perupetro's board have also approved the social trust addendum on December 22, 2022. Now the proposed addendum will go through the process of receiving approval from the Ministry of Energy & Mines and the Economy and Finance Ministry before Peru's President can sign the Supreme Decree authorising Perupetro to amend the Block 95 License Contract. This is expected to be completed by the end of the second quarter 2023....
The Company has averaged approximately 20,000 bopd since December 16, 2022, with an estimated production capacity of over 24,000 bopd. With export capacity now reestablished, most of the Brazilian barges are now arriving in Bretana, allowing the Company to increase production. Once filled, they will travel to Manaus, Brazil to unload. It is possible that this travel schedule may create export constraints for the Company early in 2023 while the barging fleet returns to optimal route travel times.
Wednesday 07:00 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.- ... 00069714K/
· S.N.G.N. ROMGAZ S.A. concluded five new transactions with the affiliated parties ENGIE România SA, OMV Petrom SA and SC E.on Energie Romania
Wednesday 07:00 Diversified Energy (DEC)
Board of Director Updates
https://www.investegate.co.uk/diversifi ... 00089759K/
its Board of Directors (the "Board") has appointed Kathryn Klaber as an independent non-executive director, effective 1 January 2023. The appointment is part of its previously announced transition of current Board member Melanie Little effective 31 December 2022, and will maintain the size of the Board at eight members, and diversity composition including 63% independent and 37% female directors....Prior to founding The Klaber Group, Kathryn launched and led the Marcellus Shale Coalition as its first CEO, growing the organization to be the premier regional trade association for the gas and oil industry in the Northeastern Unites States.
Wednesday 07:00 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 00089592K/
Other capital measure (§ 41 (1) WpHG)
Wednesday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00089733K/
They bought back 196,478 shares at 72.5p = £142,447
Wednesday 07:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z1208/
They bought back 5,200,200 shares at an average of €58.226 = £267,637,698
27 December 17:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5858H4444/
They bought back 223,557 shares at €27.260 = £5,386,765
Wednesday 17:58 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 5822H4579/
following the payment of the interim dividend on December 19, 2022 in respect of the third quarter of 2022, the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account.
Wednesday 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4545H4578/
They bought back 317,580 shares at £23.627 = £7,503,367 and 437,478 shares at €27.000 = £10,443,379 for a total of £17,946,746
Wednesday 16:35 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 35301195L/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's down -13.8%. Over the last 2 weeks it's been in the usual range.
Wednesday 15:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000P1512/
Non-exec takes fees as shares
Wednesday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Blocklisting - Interim Review
https://www.investegate.co.uk/wood-grou ... 5800P5B07/
Employee Share Trust
Wednesday 14:00 Eco (Atlantic) O&G (ECO)
Price Monitoring Extension
https://www.investegate.co.uk/eco--atla ... 00251133L/
https://uk.finance.yahoo.com/quote/ECO.L/chart
On the day it's up +8.6%. Over the last 2 weeks it's been in the usual range.
Wednesday 13:53 Invinity Energy Sys (IES)
Holding(s) in Company
https://www.investegate.co.uk/invinity- ... 53161128L/
On 20/12/2022, Schroders plc reduced from 24.694% to 24.12952%.
Wednesday 13:30 Touchstone Explrtn. (TXP)
Release of 2021 Sustainability Report
https://www.investegate.co.uk/touchston ... 30051114L/
is pleased to release our 2021 Sustainability Report (the "Report"), outlining our progress and initiatives on health, safety, social, environmental and governance practices. The Report can be found on our website at http://www.touchstoneexploration.com
Wednesday 13:09 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 09051104L/
On 23-Dec-2022, Societe Generale increased from 4.6596% to 5.698%.
Wednesday 13:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00041004L/
On 20-Dec-2022, Bank of America Corporation reduced from 13.216% to 12.987%.
Wednesday 12:01 Wildcat Petroleum (WCAT)
Results of AGM
https://www.investegate.co.uk/wildcat-p ... 01211006L/
Following Wildcat's Annual General Meeting ("AGM") of the 23 December 2022, Wildcat is pleased to announce that all resolutions set out in the Notice of AGM were approved by shareholders.[all 100%:0!]
Wednesday 09:28 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 28190660L/
On 21-Dec-2022, Bank of America Corporation reduced from 7.065% to 6.924%.
Wednesday 09:22 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 22580656L/
On 22-Dec-2022, Societe Generale reduced from 5.787% to 4.66% and adjusted their shares vs other formats.
Wednesday 07:00 PJSC Tatneft (ATAD)
Result of EGM
https://www.investegate.co.uk/pjsc-tatn ... 00089872K/
On 27 December 2022 PJSC Tatneft held the extraordinary general shareholders meeting by absentee voting (the "EGM") with the agenda of payment of dividends for the 9 months of 2022.
Wednesday 07:00 Plexus Holdings Plc (POS)
Result of AGM
https://www.investegate.co.uk/plexus-ho ... 00089599K/
each of the resolutions proposed at the Annual General Meeting ("AGM") were duly passed on a show of hands without a poll of votes being demanded....the Company is now authorised to enter into the debenture (as chargee) with [CEO] Ben van Bilderbeek (as security trustee on behalf of the lenders) to secure up to £1,550.000 loan notes 2024 constituted by the Instrument by way of a first ranking charge over all of the Company's assets (excluding any that are subject of a Bank of Scotland security) and has done so with effect from the date of the AGM.
Wednesday 07:00 PetroTal Corp. (PTAL)
Initial Production for Well 12H and Other Updates
https://www.investegate.co.uk/petrotal- ... 00080429L/
· Well 12H has tested naturally, off pump, at approximately 2,900 barrels of oil per day ("bopd") over its first 10 days of production since December 16, 2022;
· Current production of well 12H, under natural flow, has increased to approximately 3,650 bopd as at December 27, 2022, indicating the well continues to clean out completion fluid...
· Once the ESP is activated, the 12H well is expected to produce similarly to the neighboring 13H well, which averaged 6,451 bopd during its first 30 days online, and has averaged approximately 4,000 bopd during the past 10 days....
on December 20, 2022, it received board approval to incorporate the 2.5% social trust addendum into the Block 95 License Contract. Perupetro's board have also approved the social trust addendum on December 22, 2022. Now the proposed addendum will go through the process of receiving approval from the Ministry of Energy & Mines and the Economy and Finance Ministry before Peru's President can sign the Supreme Decree authorising Perupetro to amend the Block 95 License Contract. This is expected to be completed by the end of the second quarter 2023....
The Company has averaged approximately 20,000 bopd since December 16, 2022, with an estimated production capacity of over 24,000 bopd. With export capacity now reestablished, most of the Brazilian barges are now arriving in Bretana, allowing the Company to increase production. Once filled, they will travel to Manaus, Brazil to unload. It is possible that this travel schedule may create export constraints for the Company early in 2023 while the barging fleet returns to optimal route travel times.
Wednesday 07:00 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.- ... 00069714K/
· S.N.G.N. ROMGAZ S.A. concluded five new transactions with the affiliated parties ENGIE România SA, OMV Petrom SA and SC E.on Energie Romania
Wednesday 07:00 Diversified Energy (DEC)
Board of Director Updates
https://www.investegate.co.uk/diversifi ... 00089759K/
its Board of Directors (the "Board") has appointed Kathryn Klaber as an independent non-executive director, effective 1 January 2023. The appointment is part of its previously announced transition of current Board member Melanie Little effective 31 December 2022, and will maintain the size of the Board at eight members, and diversity composition including 63% independent and 37% female directors....Prior to founding The Klaber Group, Kathryn launched and led the Marcellus Shale Coalition as its first CEO, growing the organization to be the premier regional trade association for the gas and oil industry in the Northeastern Unites States.
Wednesday 07:00 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 00089592K/
Other capital measure (§ 41 (1) WpHG)
Wednesday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00089733K/
They bought back 196,478 shares at 72.5p = £142,447
Wednesday 07:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z1208/
They bought back 5,200,200 shares at an average of €58.226 = £267,637,698
27 December 17:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5858H4444/
They bought back 223,557 shares at €27.260 = £5,386,765
Return to “Oil & Gas & Energy (Sector & Companies)”
Who is online
Users browsing this forum: No registered users and 46 guests