Invinity "significantly ahead", Pantheon continue optimistic despite blockages in Alkaid, Lekoil approve name change to Fenikso, TomCo deal delayed by another 2 months, Lansdowne extend loan, promise further fundraising.
Brent=$85.53(January) WTI=$79.94(January,Brent-5.59) Nymex gas=$4.13(January)
NBP =186.05p(January,Nymex+18.35) TTF=€77.017(February,Nymex+19.98) JKM=$29.515(February,Nymex+25.39)
Friday 18:05 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0522H4930/
They bought back 288,002 shares at £23.395 = £6,737,893 and 900,000 shares at €26.552 = £21,128,646 for a total of £27,866,539
Friday 17:37 Shell plc (SHEL)
Voting Rights and Capital
https://www.investegate.co.uk/shell-plc ... 3712H4923/
Shell plc's capital as at December 30, 2022, consists of 7,003,503,393 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.
Friday 12:35 TomCo Energy PLC (TOM)
Price Monitoring Extension
https://www.investegate.co.uk/tomco-ene ... 35263808L/
https://uk.finance.yahoo.com/quote/TOM.L/chart
On the day it's dropped -16.4% having touched -18%. Over the last 2 weeks it's down -19.4%.
Friday 12:00 Ithaca Energy PLC (ITH)
Exercise of share options by director
https://www.investegate.co.uk/ithaca-en ... 00403749L/
Mr Gilad Myerson, Executive Chairman of the Company, has an option over ordinary shares in the Company (the "GM Option"), representing a right to subscribe for ordinary shares in the Company (the "GM Option Shares"). The GM Option became immediately exercisable on occurrence of the Company's initial public offering (the "IPO").
On 29 December 2022, Mr Myerson submitted exercise instructions to the Company in respect of approximately 60% of the GM Option (the "Option Exercise") in order to acquire and hold additional ordinary shares of the Company. The Option Exercise was granted over such number of ordinary shares of the Company as have a value on the exercise date of US$3.00 million (being approximately £2.49 million).
Friday 11:30 Pharos Energy PLC (PHAR)
Total Voting Rights
https://www.investegate.co.uk/pharos-en ... 30022598L/
As at 30 December 2022, the Company's issued share capital consisted of 441,795,126 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury.
Friday 11:24 Petroneft Resources (PTR)
Result of 2022 AGM
https://www.investegate.co.uk/petroneft ... 24083668L/
all resolutions were duly passed without amendment at the Company's AGM held at 10.00 am on, 29 December 2022. [all 99.9%+]
Friday 11:13 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 13353630L/
the total number of shares in the capital of the Company as at 30 December 2022 was as follows: [315m]
Friday 11:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00163594L/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's jumped +16.8% with a spike to +20%. Over the last 2 weeks it's up +33.1%.
Friday 11:00 TomCo Energy PLC (TOM)
Price Monitoring Extension
https://www.investegate.co.uk/tomco-ene ... 00213596L/
https://uk.finance.yahoo.com/quote/TOM.L/chart
On the day it's dropped -16.4% having touched -18%. Over the last 2 weeks it's down -19.4%.
Friday 09:56 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.- ... 56103391L/
· S.N.G.N. ROMGAZ S.A. concluded two new transactions with the affiliated parties E.ON Energie România SA and OMV Petrom S.A.
Friday 08:06 Mosman Oil & Gas (MSMN)
Cinnabar-1 well flows Oil and Gas
https://www.investegate.co.uk/mosman-oi ... 06223246L/
[Cinnabar-1] has been completed and perforated in the upper Wilcox zone (9,050 to 9,110 feet). Initial flow is both oil and gas. The well has been flowing into temporary tankage which is volume constrained. The next step is to connect the well to the existing production facility with larger tanks and gas separation. This will allow stable rates to be established and measured, and flow rates will be announced when available.
Friday 07:01 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 01012583L/
as at 30 December 2022, its capital consisted of 448,368,190 ordinary shares
Friday 07:00 Pantheon Resources (PANR)
Final Results for the Year Ended 30 June 2022
https://www.investegate.co.uk/pantheon- ... 00042612L/
· Data room to formally reopen to attract potential farm in partners into Pantheon's project area where it controls 100% of its acreage....
· Companies are showing interest in our project. Whilst encouraging there can be no guarantee a transaction will conclude on terms acceptable to Pantheon
· Cash and cash equivalents at 28 December 2022: $16.6m
The Company will await results from Alkaid #2 before making decisions on a 2023 program...Our current goals, subject to funding, are to drill another well addressing the substantial upside of the new oil formations in the Alkaid anomaly and the SMD, with the potential of completing a successful well as an additional producer, and to drill a high impact Theta West target, updip from our 2022 discovery. Recently we have formulated plans to target the SMD through directional drilling from the existing Alkaid pad. This offers several significant advantages over the proposed Talitha #B location to assess the same target, including (i) the ability to drill year round, eliminating the requirement to complete works by close of the winter season, (ii) drilling from the Alkaid #2 pad allows the possibility to undertake long term production testing on the SMD which would not be possible from a location drilled from an ice pad where testing is limited by the length of the winter season, and (iii) rather than plugging and abandoning the well as is typical after a winter test well, we can complete it for production in a success case or, subject to relevant approvals, possibly convert it to a gas and water disposal well. This offers tremendous advantages, allowing wells on the pad, such as Alkaid #2 (and future wells), to produce year round without the constraints of gas flaring as well reducing disposal costs....
The SMD formation can be tested in a superior location to Talitha #A, Alkaid #1 and #2, most likely south of the Pipeline State #1 well drilled by ARCO in the late 1980's. In recent weeks, a subsidiary of 88 Energy has confirmed plans to drill their Hickory well, targeting a southern extension of the SMD, south of our southern most lease line, in a downdip location, which will provide valuable information in appraising the southern extent of the SMD. Like Alkaid, the SMD is advantageously located near to road and pipeline infrastructure. We estimate the combination of Alkaid deep, Phecda and the extension of the SMD offers potential for 500 MMBO recoverable resource Pantheon can access virtually under the highway and TAPS pipeline. In a success case, this is of major commercial value with phased near term production opportunities.
We have also identified an excellent drilling location to appraise the enormous Theta West accumulation which is our large basin floor fan oil discovery and the largest project in our portfolio. The location is significantly updip from the two wells that have penetrated this fan complex and hence we expect further reservoir improvements. Pantheon recently secured additional acreage incorporating the discovery area and hopes to make an impactful Theta West updip appraisal well a key feature in any farmout discussions.
Friday 07:00 Pantheon Resources (PANR)
Operational update
https://www.investegate.co.uk/pantheon- ... 00042623L/
As previously announced, the lateral section of the Alkaid #2 wellbore is partially blocked with approximately 1,000 feet of frac sand which (i) has restricted tested flow rates due to the lack of contribution from the blocked section, and (ii) has necessitated a more conservative testing protocol in order to not exacerbate the blockage, which has resulted in a slower 'cleanup phase'....At this early clean up stage, Alkaid #2 is delivering hydrocarbon liquid rates near expectations over the 4,000 ft unblocked section, with gas rates well above original prognosis. Sustained daily production over more than the last 30 days has averaged over 500 barrels per day of hydrocarbon liquids, of which circa 200 bpd of crude oil and over 300 bpd being condensate and NGLs, all of which can be sold either by blending into the pipeline or trucking to an Alaskan refinery. Gas rates are above 2.5 mmcfd which is higher than originally anticipated, however this is not believed to be from a gas cap but coming out of solution near the well bore. This is not considered a long term problem as excess gas could be reinjected into the reservoir for pressure maintenance. This combined hydrocarbon deliverability to date confirms the forecasted reservoir properties and highlights the potential deliverability of the Alkaid reservoir. The Company is confident there is upside above these rates as it is apparent that only a portion of the completed wellbore is contributing to the production stream; and it is estimated that the well has produced to date less than 40% of the volume of frac fluid used in the stimulations....
With the correct equipment, removing the sand and cleaning the well is a simple operation which is currently planned for January. The sand blockage in the well bore was identified early in the production test, however no winterized workover rig was available which prohibited the removal of the tubing and a proper clean out at that time. Instead, a coiled tubing unit ("CTU") was used to conduct a through-tubing cleanout, but was unable to reach the full well depth and hence was partially successful with more than 1,000 ft remaining blocked and untouched by the CTU clean out. A rig is available in January to clean out the entire well bore and is expected to open the entirety of the lateral allowing the full potential of the well to be revealed and at the same time accelerating the clean up phase.
Friday 07:00 Invinity Energy Sys (IES)
Project Delivery Update
https://www.investegate.co.uk/invinity- ... 00042539L/
The 30 MWh of new business announced during Q4 2022, plus the deferred revenue relating to the above projects, combined with a significant number of further sales opportunities advancing positively towards close, has led the Company to now anticipate revenues in 2023 significantly ahead of its previous expectations.
Friday 07:00 Lansdowne Oil & Gas (LOGP)
Corporate Update
https://www.investegate.co.uk/lansdowne ... 00042595L/
entered into an agreement with LC Capital Master Fund (" LCCMF ") to extend the payment date of its outstanding loan (the " Loan ") currently due for repayment on 31 December 2022 (the " Loan Extension ") to 31 December 2023....The current expectation is that the Company will look to undertake a modest at-market financing for six-month working capital during Q1 2023, as it has done with existing major shareholders in previous years, to provide funds whilst awaiting the outcome of the application for a Lease Undertaking for the Barryroe Field .
Friday 07:00 Nostra Terra O&G Co (NTOG)
Q3 Production and Operations Update
https://www.investegate.co.uk/nostra-te ... 00032510L/
· 25% sales growth from start of the year
· 2nd consecutive quarter with revenue in excess of $1,000,000 ...
During the third quarter net sales were 11,568 barrels (100% oil) resulting in $1,042,704 of revenue with the average realised sales price for the period being $90.14 per barrel.
Friday 07:00 Predator O&G Hldgs (PRD)
MOU-2 Drilling Update
https://www.investegate.co.uk/predator- ... 00032482L/
the Star Valley Rig 101 is now on the MOU-2 well location. Final preparations are being made to commence drilling.
A further update will be given, which is subject to partner approval, when MOU-2 reaches its intended pre-drill total depth of 1,500 metres TVD KB and prior to the commencement of wireline logging operations.
Friday 07:00 TomCo Energy PLC (TOM)
Update re TSHII
https://www.investegate.co.uk/tomco-ene ... 00042593L/
As previously announced, Greenfield owns a 10% Membership Interest in TSHII and holds an exclusive option (the "Option"), exercisable at its sole discretion, to acquire the remaining 90% of the Membership interests for additional cash consideration of US$16.25 million up to 31 December 2022 (the "Agreement"). The Agreement has now been varied in order to extend the exercise period of the Option. Accordingly, Greenfield may now exercise the Option, at its sole discretion, by delivering a notice of exercise on or before 28 February 2023 and making payment of the US$16.25 million cash consideration by no later than 3 March 2023.
Friday 07:00 Diversified Energy (DEC)
Holding(s) in Company
https://www.investegate.co.uk/diversifi ... 00052447L/
On 28-Dec-2022, abrdn plc reduced from 5.436% to below 5%.
Friday 07:00 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 00032436L/
272,953,372
Friday 07:00 Union Jack Oil PLC (UJO)
Total Voting Rights
https://www.investegate.co.uk/union-jac ... 00038927J/
the total issued share capital of the Company consists of 112,865,896 ordinary shares of 5 pence each ("Ordinary Shares"). The Company holds 700,000 of its Ordinary Shares in treasury.
Friday 07:00 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 00012578L/
They bought back 2,056,674 shares at C$1.28 = £1,603,714
Friday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00042584L/
They bought back 188,152 shares at 76.38p = £143,710
Friday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00042596L/
They bought back 30,749 shares at 23.1154p = £7,108
Thursday 18:29 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 2900H4746/
They bought back 250,000 shares at £23.386 = £5,846,375 and 2,839,372 shares at €26.667 = £66,928,435 for a total of £72,774,810
Thursday 17:37 Lekoil Limited (LEK)
Results of Extraordinary General Meeting
https://www.investegate.co.uk/lekoil-li ... 37372530L/
Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands litigation asset company formerly known as Lekoil Limited, announces the results of the Extraordinary General Meeting ("EGM") of the Company held on 29 December 2022.... All of the resolutions put to the EGM were duly passed [including name change]
Thursday 16:39 San Leon Energy PLC (SLE)
Update on Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 39322492L/
Decklar and its co-venturer Millenium Oil & Gas Company Limited ("Millenium") have executed a new sale and purchase agreement for the delivery of 30,000 barrels of crude oil ("bbls") to the Edo Refinery and Petrochemicals Company Limited ("ERPC") in Edo State, Nigeria.
Thursday 15:40 Eco (Atlantic) O&G (ECO)
Result of AGM
https://www.investegate.co.uk/eco--atla ... 40012441L/
all resolutions were duly passed by shareholders at the Company's Annual General Meeting held in Toronto, Canada earlier today.
Thursday 14:51 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 51282422L/
On 28-Dec-2022, Societe Generale reduced from 5.698% to 4.66%.
Thursday 14:11 Zephyr Energy PLC (ZPHR)
Warrants exercise & Director/PDMR/PCA holdings
https://www.investegate.co.uk/zephyr-en ... 11242399L/
further to the Company's announcement on 20 December 2022, it has today received notification for the exercise of warrants to subscribe for 22,272,727 new ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at a price of 2 pence per new Ordinary Share [by CFO/CEO]
Thursday 13:43 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.- ... 43412395L/
S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. OMV PETROM S.A.
Thursday 12:20 S.N.G.N. Romgaz S.A. (SNGR)
EGSM Resolution on December 29, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 20532295L/
EGM Approves the conclusion of the leases between SNGN Romgaz SA and SNGN Romgaz S.A. - Filiala de Înmagazinare Gaze Naturale Depogaz Ploieşti SRL, for a period of 12 months, starting from January 1, 2023, having as object the fixed assets in the property of SNGN Romgaz SA, necessary for carrying out the underground storage activity of Filiala DEPOGAZ.
Thursday 11:31 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.- ... 31362255L/
· S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. OMV PETROM S.A....Offloading, metering, treatment and delivery of Târgu Mureș Branch condensate/crude production for year 2023
Thursday 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30031286L/
notified on 28 December 2022 that, on the same day, Jann Brown, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a purchase price of £0.239192 per Share.
Thursday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00061297L/
They bought back 188,461 shares at 73.8p = £139,084
Thursday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00061284L/
They bought back 19,251 shares at 23.1p = £4,447