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...
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/chartOn 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.pdfToday 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/chartOn 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=rbTDUBmoYgcYesterday 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.