Hal's oily roundup

[Hallucigenia]

The last two trading days of 2022 - what a year it's been!
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

[Hallucigenia]

Happy New Year!

Big news is Zenith using its Italy riches to buy OMV's Yemen assets in a 51/49 JV with a Hong Kong company, apparently the first of several. Deal worth $21.6m in total, for 57.14% financial interest in 7400bopd (potential to double when new wells are possible) and 31mmbbls 2P with similar amount of explo potential plus gas potential.
Beacon progress Rhein Petroleum acquisition and strengthen board, Reabold complete on Simwell deal.
Saltfleetby operations going well for Angus, capacity increase due later this month to accommodate gas from SF-07 sidetrack.
£67m 2nd well on Isabella (10% each Ithaca and Energean) has 45m of pay but apparently not worth flow-testing and is quietly P&A'd; Ithaca and Dana will now move on to K2.
Star Phoenix suspended pending accounts. San Leon get extensions on other parts of their deal to match the rest. COPL continue to restructure debt.
Challenger talking up Uruguay as Namibia analogue with new leases taken by Shell/APA and YPF. Synergia have a concept for carbon storage at Cambay. PetroTal are offering drinkies in London on the 19th.

Brent=$81.96(January)                WTI=$76.82(January,Brent-5.14)         Nymex gas=$4.01(January)
NBP  =170p(January,Nymex+16.37)      TTF=€72.314(February,Nymex+18.39)      JKM=$29.345(February,Nymex+25.34)

Today 17:54 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5406H5500/
They bought back 3,257,092 shares at £23.925 = £77,924,838

Today 17:42 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 42495721L/
They bought back 1,543,974 shares at C$1.31 = £1,237,284

Today 17:30 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 30015572L/
On 02-Jan-2023, Bank of America Corporation increased from 12.987% to 13.069%.

Today 16:40 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 40385634L/
As at 30 December 2022, the issued share capital of BP p.l.c. comprised 18,157,211,814 ordinary shares (excluding treasury shares) par value US$0.25 per share, each with one vote; and 12,706,252 preference shares par value £1 per share with two votes for every £5 in nominal capital held.
The number of ordinary shares held in treasury by BP p.l.c. is 940,571,303. These treasury shares are not taken into consideration in relation to the payment of dividends and voting at shareholder meetings.
The total number of voting rights in BP p.l.c. is 18,162,294,314.

Today 16:35 Empyrean Energy PLC (EME)
Price Monitoring Extension
https://www.investegate.co.uk/empyrean- ... 35155622L/
https://uk.finance.yahoo.com/quote/EME.L/chart
On the day it's jumped +14.7% with a spike to +25%. Over the last 2 weeks it's jumped +47.3% with a spike to +61%.

Today 16:09 Harmony Energy Inc. (HEIT)
Total Voting Rights
https://www.investegate.co.uk/harmony-e ... 09185548L/
as at 31 December 2022, there were 210,000,000 Ordinary Shares of 1p and 21,771,364 C Shares of 10p in issue carrying one vote each . The Company holds no shares in treasury and the total voting rights in the Company are 231,771,364.

Today 14:00 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 00175469L/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's dropped -14.5% having touched -16%. Over the last 2 weeks it's up +29% with a spike to +55%.

Today 14:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00305472L/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's jumped +17.1% with a spike to +19%. Over the last 2 weeks it's jumped +61.8% with a spike to +65%.

Today 12:00 Ithaca Energy PLC (ITH)
Drilling Activity Update - Isabella and K2
https://www.investegate.co.uk/ithaca-en ... 00015187L/
Ithaca Energy and its partners today announced the results of recent appraisal drilling at the Isabella [HPHT] discovery (P1820) in Block 30/12d-12, located in the Central North Sea of the UK Continental Shelf. Upon entering the reservoir, Total Energies informed the partners (Ithaca Energy (UK) Limited - 10%, Neptune E&P UK Limited - 50%, Energean Exploration Limited - 10% [yes, "that" Energean], Total Energies E&P North Sea UK Limited - 30% (as "Operator")) that signs of hydrocarbons were present. Hydrocarbons were encountered in Upper Jurassic and Triassic sandstone reservoirs, with 148 feet (or 45 meters) of net thickness. Logging while drilling and wireline logs were acquired to establish reservoir quality . The Operator intends to complete the gathering of data, plug and abandon the well, and evaluate the drilling results to establish commerciality of the reservoir. The well was drilled to a total depth of 15,600 feet (or 4,754 meters) in water depths of 262 feet (or 80 meters). The gross cost of drilling is approximately £66.6 million (net to Ithaca Energy: £6.66 million). Isabella lies about 25 miles south of Total Energies' Operated Elgin Franklin Field
partners in License P2382 (Ithaca Energy - 50%, Dana Petroleum - 50%) have made the decision to carry out exploration drilling in Block 22/14c of the Central North Sea - the K2 prospect....expected to commence between June and July 2023 for approximately 41 days in order to determine the presence of hydrocarbons. The water depth at the drilling site is 294 feet (approximately 90 meters) and the final planned depth of the drilling is 9,000 feet (approximately 2,743 meters). Drilling is targeting the Forties Member sandstones. The total gross cost of drilling is estimated at £17 million in a dry hole case. In the case of success, further gross costs estimated to be in the region of £17 million will be incurred, providing a total success cost of £34 million (net to Ithaca Energy: £17 million).

Today 12:00 Genel Energy PLC (GENL)
Total Voting Rights
https://www.investegate.co.uk/genel-ene ... 0005EBVIH/
Genel Energy plc’s share capital consists of 279,402,863 ordinary shares of £0.10p each in issue plus ordinary shares held in treasury of 845,335.

Today 11:01 Harbour Energy PLC (HBR)
Block listing Interim Review
https://www.investegate.co.uk/harbour-e ... 01014987L/
Harbour Energy plc Savings Related Share Option Scheme 2009

Today 11:00 Harbour Energy PLC (HBR)
Total Voting Rights
https://www.investegate.co.uk/harbour-e ... 00004965L/
As at 31 December 2022, the Company's issued share capital consisted of 847,168,796 Ordinary Shares of 0.002 pence with voting rights. Harbour does not hold any shares in Treasury.

Today 10:58 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.- ... 58325084L/
S.N.G.N. ROMGAZ S.A. reports the concluding of one new transaction with the affiliated party S.C. OMV PETROM S.A. Sale of the condensate production of Târgu Mureș Branch for the period January 1, 2023 - March 31, 2024

Today 10:34 Jadestone Energy PLC (JSE)
CORRECTION - Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 34395016L/
They bought back 14,527 shares at 76.4p = £11,099

Today 10:20 Zenith Energy Ltd (ZEN)
Signing of SPA for acquisition of OMV Yemen
https://www.investegate.co.uk/zenith-en ... 20004977L/
a company in which it holds a 49% interest, Zenith Energy Netherlands B.V. ("Zenith Netherlands") has entered into a share purchase agreement ("SPA") with OMV Exploration and Production GmbH ("OMV" or the "Seller") to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH (collectively "OMV Yemen"), which are all companies incorporated and existing under the laws of Austria....
" OMV Yemen holds a financial interest of 57.14% in production from Block S-2.
" Gross production during 2021 averaged approximately 7,400 barrels of oil per day ("BOPD") and the field remains in the 'primary depletion' stage with highly material unexploited potential. [production has halved in absence of new wells due to political situation]
" Production costs of approximately US$28 per barrel.
" Gross 1P Reserves (Proved) have been estimated as 13.15 million barrels of oil...
Gross 2P Reserves (Proved + Probable) have been estimated as 30.74 million barrels of oil...
" A number of ready to execute near-term growth opportunities are available, by way of an already formulated workover and a phased infill drilling and sidetrack programme for six new wells, to enable production to potentially return to 15,000 BOPD....
OMV Yemen holds a balanced exploration portfolio comprising Block 3 (34% working interest) and Block 70 (19.24% working interest). [with ~130mmbbls unrisked gross]...
Significant associated gas volumes have been recorded with oil production across OMV Yemen's portfolio giving evidence of substantial natural gas production potential from S-2, Block 3, and Block 70.
A gas discovery has been made in Block 3, representing a major opportunity for the monetisation of OMV's Yemen natural gas production, all of which is currently flared.
Several gas production offtake options are already under discussion including the possibility of a connection being made to a local power station or to Yemen LNG. [or GTP]...
Zenith Netherlands will, subject to the conditions set forth in the SPA, acquire 100% of OMV's shares in OMV Yemen at completion for a total consideration of US$ 21,619,000 [up 19%]

Today 08:45 Angus Energy PLC (ANGS)
Quarterly Saltfleetby Flow Rates and Update
https://www.investegate.co.uk/angus-ene ... 45414770L/
gas volumes produced and sold equalled 5.6 million Therms in aggregate for the months of October, November and December combined or 1.87 million Therms per month all in excess of both hedged volumes and predictions made in our Competent Person's Report of January 2020. Average daily flow rates were highest in November at 6.0 mmscfd and were somewhat lower in December owing to both scheduled and cold weather-related shutdowns giving an average for the quarter of 5.5 mmscfd. The cold weather related issues have now been overcome...Gas condensate (liquid) production averaged 120 bbl/day which is somewhat higher than expected whilst water production, entirely from A4 well, was lower than expected at an average of 20 bbl/day....
The second compressor is already on site together with its control computer and driver engine and is being tied into the main plant. It is expected that the second compressor will be in dynamic commissioning during the second half of January and therefore able to process a further 6.4 mmscfd of gas volumes raising the plant's processing capacity to close to 12.8 mmscfd. The present drilling operations on the final horizontal section of the SF-07 side track are scheduled to resume on 5th January and this well is expected to be in testing mode in the latter half of this month. If successful, the SF-07V well is expected to supply sufficient gas volumes to utilise most, if not all, of the additional process capacity.

Today 07:45 Zenith Energy Ltd (ZEN)
New strategic investor in Zenith Netherlands
https://www.investegate.co.uk/zenith-en ... 45054667L/
it has concluded a share purchase agreement ("SPA") with Hingbo Industries Company Limited, a company incorporated in Hong Kong, for the sale of a 51% interest in the issued, allotted, outstanding and fully paid-up share capital of its fully owned subsidiary, Zenith Energy Netherlands B.V ("Zenith Netherlands"), for a nominal consideration. Zenith Netherlands is currently dormant and has no assets....a company we shall use to pursue potentially highly prospective future acquisition opportunities on a joint venture basis. The Board looks forward with enthusiasm to updating shareholders on several fronts in due course. "

Today 07:30 AIM ()
Suspension - Star Phoenix Group Ltd
https://www.investegate.co.uk/aim/rns/s ... 30053670L/
Trading on AIM for the under-mentioned securities has been temporarily suspended from 03/01/2023 7:30am, pending publication of the Company's annual audited accounts.

Today 07:00 Beacon Energy PLC (BCE)
Transaction and Corporate Update
https://www.investegate.co.uk/beacon-en ... 00084043L/
The Company has received notification that the shareholders of Tulip Oil Holding B.V. have approved the Proposed Transaction, a condition precedent for the Proposed Transaction to proceed
· The Company has today published on its website a Competent Person's Report ("CPR") prepared by SGS Nederland B.V, relating to the Rhein Petroleum assets. [although numbers were mentioned in original RNS] The CPR outlines:
o 2P net reserves of 3.85 mmbbl and 2C net contingent resource base of 22.96 mmbbl, located across the four core assets within the Rhein Petroleum portfolio
o NPV10 valuation of 52.8 million related to the 2P reserve base
o Cumulative free cash flow of €95.0 million forecast in relation to the 2P reserve base...
intends to provide private and other qualifying investors the opportunity to participate in the Company's proposed forthcoming equity fundraise outlined in the RNS issued on 16 December 2022 through PrimaryBid, full details of which be provided in due course.
As announced on 22 December 2022, the Company will host a live investor presentation relating to the Proposed Transaction via the Investor Meet Company platform on 5 January 2023 at 10:30am GMT. [and will appoint former Rockhopper CFO Stewart MacDonald as CFO]

Today 07:00 Challenger Energy (CEG)
Uruguay Update
https://www.investegate.co.uk/challenge ... 00084042L/
The AREA OFF-4 deep-water offshore block, which is immediately adjacent to Challenger's AREA OFF-1 shallow water exploration block, has been awarded to a consortium of Shell and APA Corporation (formerly known as Apache). AREA OFF-4 was the subject of competitive bids received from the winning consortium and from YPF...
the AREA OFF-5 deep-water offshore block has been awarded to YPF....
The award of these two blocks is in addition to the award to Challenger of the AREA OFF-1 block in May 2020, and the awards in May 2022 of the AREA OFF-2 and AREA OFF-7 blocks to Shell, and the AREA OFF-6 block to APA....
The aggregate value of work now committed across blocks AREA OFF-2, AREA OFF-4, AREA OFF-5, AREA OFF-6 and AREA OFF-7 by Shell, APA Corporation and YPF during the next 4 years...is estimated by ANCAP to be in excess of approximately US$230 million....
the Company notes recent reports to the effect that YPF has received environmental approval to acquire 3D seismic on its CAN 102 block in offshore Argentina, commencing in 2023. This block is immediately proximate to AREA OFF-1 in Uruguay....Challenger Energy expects to substantially complete all required work [on OFF-1] in the first half of 2023, well ahead of schedule....
An updated presentation in relation to the AREA OFF-1 block will today be placed on the Company's website - http://www.cegplc.com [+11%]

Today 07:00 San Leon Energy PLC (SLE)
Further update on the proposed transactions
https://www.investegate.co.uk/san-leon- ... 00094073L/
Further to the announcement made on 1 December 2022, t he MLPL Reorganisation Agreement 's deadline for the satisfaction of the condition relating to the New Eroton Debt Facilities being entered into, which had already previously been extended to 31 December 2022, has now been further extended to 31 March 2023 by agreement between the Company and Midwestern.... the MLPL Reorganisation Agreement's deadline for the Sahara OML 18 Acquisition Agreement to be entered into has also now been further extended to 31 March 2023 by agreement between the Company and Midwestern.

Today 07:00 Reabold Resources (RBD)
Completion of the Acquisition of Simwell Resources
https://www.investegate.co.uk/reabold-r ... 00094056L/
further to its announcement of 28 September 2022, the Company has completed the acquisition of Simwell Resources...The updated breakdown of consideration payable by Reabold, plus the repayment by Reabold of all outstanding creditors/liabilities of Simwell, pursuant to the Transaction is: (i) £ 363,835.76, by way of initial consideration, to be satisfied through the issue of 134,753,985 new Ordinary Shares (the "Initial Consideration Shares"); (ii) £ 305,157.71 to certain Simwell creditors to be satisfied by the issue of 113,021,374 new Ordinary Shares (the "Creditor Shares"); and (iii) the cash sum of £ 373,398.36 payable to certain Simwell creditors.

Today 07:00 Canadian O'Seas Petr (COPL)
2025 Convertible Bond Additional Financing
https://www.investegate.co.uk/canadian- ... 00094074L/
he Company has signed a "Tap" Purchase Agreement for the issue of further 2025 convertible bonds pursuant to the Bond Instrument dated July 26, 2022 with an aggregate principal amount of US$4 million (the "Convertible Tap"). The Convertible is fully anchored by the lead investor for the July 2022 Convertible...
Alongside Convertible Tap, COPL has received written consent from a majority of 2025 Bondholders to avoid adjustments to the 2025 Bond Instrument conversion price minimizing shareholder dilution. The main Bond terms are identical to the existing 2025 Convertible Bonds (the "Convertibles"). Pricing terms have improved vs. July 2022 issue (higher issue price: 80% vs 78% on July Convertibles), higher strike on new warrants of 18p vs 16.75p on July warrants.
· Following the Company's hedge restructuring, the offering proceeds will be used for recompletions at Cole Creek Frontier Sands, capex and miscible injections at the Barron Flats Shannon flood and for up front deposits and fees for debt refinancing term sheets for COPL America.
· The Company anticipates signing a Debt refinancing term sheet in January 2023 and closing the debt refinancing in the first quarter of 2023.
[down 14% but largely retracing spike since 21 Dec]

Today 07:00 Gulf Marine Services (GMS)
Issue of Warrants
https://www.investegate.co.uk/gulf-mari ... 00084041L/
As previously reported, the Company was obliged to issue warrants ("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. In accordance with the terms of the CTA, the Company issued the Warrants to the Lenders on 2 January 2023....the Warrants, if fully exercised, would entitle the Lenders to subscribe for 137,075,773 ordinary shares of 2 pence each in the capital of the Company at an exercise price of £0.0575 per share.

Today 07:00 Pantheon Resources (PANR)
Investor Q&A
https://www.investegate.co.uk/pantheon- ... 00094085L/
the Company has published an Investor Q&A document which can be found at https://www.pantheonresources.com/q-a. The Company confirms there is no new price sensitive information contained in the Q&A.

Today 07:00 Synergia Energy Ltd (SYN)
Cambay CCS Scheme Presentation
https://www.investegate.co.uk/synergia- ... 00083905L/
is pleased to announce the release of the Cambay CCS Scheme Presentation on its website (http://www.synergiaenergy.com/news). The Cambay Carbon Capture and Storage Scheme ("CCS Scheme") is a conceptual scheme to capture CO2 from Combined Cycle Gas Turbine ("CCGT") and coal-fired power stations in the proximity of the Company's Cambay field, Gujarat State, India, the transportation of the CO2 to a CCS hub on the Cambay field and permanent storage of the CO2 in the Olpad formation some 2000-3000 meters underground....
The Cambay CCS Scheme provides for the capture and permanent storage of up to over 43 MTa (million tonnes per annum) of CO2 from the many large CCGT and coal-fired power stations in the area around the Cambay field....Shareholders should be aware it is only conceptual at this stage.

Today 07:00 PetroTal Corp. (PTAL)
Notice of Investor Event
https://www.investegate.co.uk/petrotal- ... 00094064L/
will host an investor event at 6pm UK time on Thursday 19 January 2023. All current and potential shareholders in the Company are welcome. The event will include a presentation, hosted by management, which will be followed by a Q&A session with drinks and refreshments after. The event will take place on Thursday 19 January 2023 at Sofitel London St James, 6 Waterloo Place, London, SW1Y 4AN. Attendees are asked to promptly arrive at 5.30pm UK, so the event can commence at 6pm.

Today 07:00 Hunting PLC (HTG)
Appointment of non-executive Director
https://www.investegate.co.uk/hunting-p ... 00094053L/
appointment of Stuart Brightman as a new independent, non-executive Director of the Company, with immediate effect. Mr Brightman is a leading energy services executive having spent the majority of his career at TETRA Technologies Inc. ("TETRA"), Dresser Inc. and Cameron Iron Works.

Today 07:00 Rockhopper Exp plc (RKH)
Total Voting Rights
https://www.investegate.co.uk/rockhoppe ... 00073861L/
it has issued a total of 24,960 Ordinary Shares of 1 pence each (the "Shares") pursuant to the exercise of warrants which were issued as part of the capital raising in June 2022. The Shares were issued on 8 and 22 December 2022 under the Company's existing block listing entitlement.

Today 07:00 Southern Energy Corp (SOUC)
TOTAL VOTING RIGHTS UPDATE
https://www.investegate.co.uk/southern- ... 00072549L/
As at 31 December 2022, Southern had 138,056,910 Common Shares in issue.

Today 07:00 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 00053893L/
As at 30 December 2022, Tullow Oil plc's issued share capital consisted of 1,439,605,995 ordinary shares (with a nominal value of 10p each) with voting rights. No ordinary shares were held in treasury.

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z2402/
They bought back 3,384,277 shares at an average of €59.559 = £177,200,403

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares and Total Voting Rights
https://www.investegate.co.uk/trinity-e ... 00094089L/
They bought back 40,000 shares at 105p = £42,000

Yesterday 17:52 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5238H5276/
They bought back 1,258,929 shares at €27.098 = £29,990,722

[Hallucigenia]

I've not followed the politics of the sanctioning of Enwell's big shareholder but the new law looks like it could be terminal for them. Meanwhile ASW-1X is a duster for UOG and the Fenikso (Lekoil) saga drags on a little longer.

Brent=$81.66(January)                WTI=$76.54(January,Brent-5.12)         Nymex gas=$3.98(January)
NBP  =171.18p(January,Nymex+16.61)   TTF=€68.500(February,Nymex+17.31)      JKM=$29.345(February,Nymex+25.36)

Today 07:20 Savannah Energy Plc (SAVE)
Notification of Fenikso Limited Announcements
https://www.investegate.co.uk/savannah- ... 20526311L/
notes Fenikso Limited's (formerly Lekoil Limited) Results of Extraordinary General Meeting announcement released via RNS on 29 December 2022 at 5.37 p.m., whereby all resolutions were duly passed including the company's change of name to Fenikso Limited ("Fenikso") (AQSE: FNK). Savannah also notes Fenikso's announcement released via RNS at 7:00 a.m. today regarding the Completion of Settlement Arrangements.

Today 07:00 Enwell Energy PLC (ENW)
New Natural Resources Legislation in Ukraine
https://www.investegate.co.uk/enwell-en ... 00035770L/
new legislation relating to the natural resources sector has been enacted in Ukraine, which may adversely affect the Company's hydrocarbon extraction licences in Ukraine...The new legislation, Law No. 2805-IX, which will come into force on 28 March 2023... includes provisions that if the ultimate beneficial owner of a mineral or hydrocarbon licence becomes the subject of sanctions in Ukraine, then the Ukrainian State Authorities may suspend or revoke that licence. In light of the imposition of the restrictive measures (sanctions) by the Ukrainian Authorities against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022, the Company is investigating whether the Company's hydrocarbon extraction licences may be affected by these provisions in the new law.

Today 07:00 Fenikso Limited (FNK)
Completion of Settlement Arrangements
https://www.investegate.co.uk/fenikso-l ... 00045610L/
further to its announcement of 7 December 2022 (the "Settlement Announcement") regarding the proposed settlement of claims with Lekoil Nigeria Limited and Olalekan Akinyanmi, the former CEO of the Company, and the termination of certain arrangements with Savannah Energy International Limited (the "Settlement Arrangements"), the Settlement Arrangements contemplated in the Settlement Announcement and the circular to shareholders dated 9 December 2022 have now completed. 
At completion Lekoil Nigeria did not surrender the 107,658,847 shares in the Company which were due to be surrendered due to technical reasons. The Company has agreed to extend the period during which such shares held by Lekoil Nigeria Limited will be surrendered until no later than 10 January 2023

Today 07:00 Union Jack Oil PLC (UJO)
US$12m Net Revenues Landmark Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00025678L/
material landmark net revenues of US$12,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.
Union Jack holds a 40% economic interest in this development.

Today 07:00 United Oil & Gas PLC (UOG)
Completion of drilling operations on ASW-1X well
https://www.investegate.co.uk/united-oi ... 00025710L/
announces the completion of drilling operations on the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt ("KEE").
 The ASW-1X well was drilled to a Total Depth of 3,640 metres, 10 days ahead of schedule and under budget. Although the well encountered net reservoir in the Abu Roash, Bahariya, and Alam El Bueib targets, the logs did not indicate the presence of hydrocarbons. The well will now be plugged and abandoned and the Sino Tharwa-1 rig will be mobilised to drill the first well of the 2023 drilling campaign. This will be the ASH-8 development well, targeting an undrilled area of the ASH field.

Today 07:00 Igas Energy PLC (IGAS)
Appointment of Non-executive Director
https://www.investegate.co.uk/igas-ener ... 00045796L/
Doug Fleming has accepted an invitation to join the Board of IGas as an Independent Non-executive Director with immediate effect. Doug will be a member of the audit committee.
Doug was most recently Chief Financial Officer at private equity backed Siccar Point Energy...went from start-up in 2014 to production of c.9,000 boepd (2021) before being sold to Ithaca Energy in 2022 for a consideration of up to $1.46bn. Prior to Siccar Point Energy, Doug held senior roles at Centrica Energy E&P and Venture Production plc.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00015764L/
They bought back 3,989,860 shares at 488.316p = £19,483,111

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00035760L/
They bought back 145,000 shares at 78.9p = £114,405

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00035779L/
They bought back 11,798 shares at 23.1p = £2,725

[Hallucigenia]

Not much news for the rest of today - Borders sign off their placing. UOG get clobbered 20% by their duster, Enwell don't trigger a PME for some reason but were down 50% initially (which feels about right?) before recovering to end the day down 20% as well. Sound up 40% - what's up there, Tendrara farmout?

Today 16:35 Empyrean Energy PLC (EME)
Price Monitoring Extension
https://www.investegate.co.uk/empyrean- ... 35367110L/
https://uk.finance.yahoo.com/quote/EME.L/chart
On the day it's down -11.6%. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +48%.

Today 16:13 i3 Energy PLC (I3E)
Exercise of Options
https://www.investegate.co.uk/i3-energy ... 13507070L/
it is issuing a total of 116,667 ordinary shares of 0.01 pence each ("Ordinary Shares") following the exercise of options by an employee, at an exercise price of £0.11 per Ordinary Share

Today 14:01 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 01026949L/
On 4 January 2023, the Company granted nil-cost options over a total of 1,652,130 ordinary shares of 0.25p each ("Options") to directors and employees. The Options were granted in lieu of cash payment for 40% of salaries and up to 50% of directors' fees, in accordance with the cash conservation measures announced on 7 April 2020 [plus options exercised on grant]

Today 14:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00176969L/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's dropped -16.9% having touched -17%. Over the last 2 weeks it's up +33.5% with a spike to +70%.

Today 14:00 Prospex Energy PLC (PXEN)
Holding(s) in Company
https://www.investegate.co.uk/prospex-e ... 00016903L/
On 15 December 2022, Hargreaves Lansdown (Nominees) Limited & IG Markets reduced from 3.3% to below 3%

Today 13:44 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 44276961L/
On 03-Jan-2023, Premier Miton Group plc reduced from 11.929% to 10.972%.

Today 13:04 Borders & Southern (BOR)
Result of General Meeting & Total Voting Rights
https://www.investegate.co.uk/borders-- ... 04596912L/
The Conditional Placing and the Conditional Subscription were conditional on the passing of two resolutions at a General Meeting. The Company is pleased to announce that the General Meeting was held today in London and all Resolutions were duly passed by Shareholders....will provide the Company with working capital until at least 31 December 2024.

Today 11:00 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 00356734L/
https://uk.finance.yahoo.com/quote/SOU.L/chart
Up 42% today - whazzup?

Today 11:00 United Oil & Gas PLC (UOG)
Price Monitoring Extension
https://www.investegate.co.uk/united-oi ... 00216733L/
https://uk.finance.yahoo.com/quote/UOG.L/chart
On the day it's dropped -17.6% having touched -29%. Over the last 2 weeks it's down -20.8%.

Today 10:55 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 55166703L/
On 03-Jan-2023, Societe Generale increased from 4.660% to 5.435%.

[Hallucigenia]

Capricorn launch a broadside against opponents of their merger with NewMed. Hydrogen Utopia gain a full listing, Molecular Energies (fka President) use some of the cash that's stuck in Argentina on R&D for blending Atome's hydrogen with diesel. Aleph buy more SDX.

Brent=$78.31(January)                WTI=$73.2(January,Brent-5.11)          Nymex gas=$3.77(January)
NBP  =166.5p(January,Nymex+16.01)    TTF=€70.300(February,Nymex+17.91)      JKM=$29.500(February,Nymex+25.73)

Today 12:36 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 36598420L/
On January 4th, 2023, Alan Douglas Brimacombe (Calgary) increased from 7.058% to 8.776%.

Today 12:03 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 03198382L/
On 04-Jan-2023, Societe Generale reduced from 5.435% to 4.252% and adjusted their shares vs other formats.

Today 08:11 Petrofac Limited (PFC)
Director/PDMR Shareholding
https://www.investegate.co.uk/petrofac- ... 1104EXHOK/
ordinary shares (Shares) of US$0.02 each in the Company were purchased on 4 January 2023 for the following Directors at 72.021 pence per Share. These purchases are in line with the Company’s remuneration arrangements, as published in the 2021 Annual Report and Accounts:

Today 07:00 Capricorn Energy PLC (CNE)
Update to Shareholders
https://www.investegate.co.uk/capricorn ... 00067831L/
Palliser's alternative view for future value creation is set out in their filed presentation and includes a Value Optimisation Plan (the "Plan") as an alternative to the Combination. We have reviewed this Plan in detail, together with our independent financial advisors. We believe the Plan is based on an overstated value of Capricorn on a standalone basis. This is due to Palliser's reliance on several outdated and incorrect facts and assumptions, including being able to immediately return to shareholders approximately US$620 million[8] in cash on a standalone basis[9], valuing the contingent value rights at over US$300 million and underestimating the costs and challenges associated with optimising the Egyptian fiscal terms. It also does not reflect the time and costs which would be involved in executing their Plan and underestimates the value creation potential of the NewMed Combination.
Our analysis concluded that pursuing this Plan would be likely to deliver less value with higher risk over a longer execution period. Specifically, our analysis, adjusting for Palliser's incorrect facts and assumptions, indicates that the Plan would likely deliver an estimated US$866 million in fair market value and only US$645 million when taking into account the P / Core NAV trading discount observed in peers[10], which is meaningfully below the implied current NewMed offer value[11] of US$920 million[12].

Today 07:00 Hydrogen Utopia Intl (HUI)
Standard Listing on the London Stock Exchange
https://www.investegate.co.uk/hydrogen- ... 00067272L/
today confirms that its Supplementary 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.
The Supplementary Prospectus is available on the Company's website: https://www.hydrogenutopia.eu/.
It is expected that Admission will become effective and that dealings in the Company's Ordinary Shares will commence at 08:00 GMT on 9 January 2023, under the symbol "HUI".

Today 07:00 Molecular Energies (MEN)
Duel Fuel Joint Venture
https://www.investegate.co.uk/molecular ... 00057139L/
announces the formation of Dual Fuel Limited a new joint venture for its Green House Capital division.... · DFL is a joint venture between the Green House Capital division of MEN and G-volution, an leading UK dual fuel technology business
· DFL's objective is to provide engineering solutions using G-volution's contribution to the JV of its proprietary technology to quickly and cost effectively convert existing commercial road and off-road vehicles as well as barge transport to run on a mix of diesel and green hydrogen...
· DFL aims to have its first prototype converted dual fuel vehicles running in the field by end 2023
· The initial lead market will be Paraguay due to the favourable strategic and commercial environment and importantly the availability of green hydrogen fuel for mobility from ATOME Energy PLC, a company in which MEN is one of the largest shareholders

Today 07:00 SDX Energy PLC (SDX)
Holdings in Company
https://www.investegate.co.uk/sdx-energ ... 00067304L/
Further to the announcement on 1 August 2022 in which, SDX Energy Plc (AIM: SDX), announced a group of new shareholders, Aleph Commodities Limited ("Aleph") informed the Company on 3 January 2023 that they and partners directly associated with Aleph, have increased their holding to approximately 5.72% of the Company's issued share capital.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00037287L/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00037293L/
The Company announces the following transactions in the Company's common shares, Deferred Stock Units and Stock Options undertaken by directors / persons discharging managerial responsibility ("PDMRs").
Deferred Stock Units ("DSUs") and Stock Options have been granted to certain PDMRs effective January 1, 2023 in accordance with the payment of directors' fees for the first quarter of 2023

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00067296L/
They bought back 182,342 shares at 80p = £145,874

Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00057244L/
They bought back 100,000 shares at 26.85p = £26,850

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00067301L/
They bought back 19,284 shares at 23.8p = £4,590

Yesterday 18:20 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 2057H5713/
They bought back 2,848,976 shares at £23.041 = £65,643,135 and 2,643,082 shares at €26.397 = £61,730,650 for a total of £127,373,785

Yesterday 17:13 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 13147193L/
They bought back 3,905,006 shares at 468.878p = £18,309,702

Yesterday 16:54 Harmony Energy Inc. (HEIT)
Holding(s) in Company
https://www.investegate.co.uk/harmony-e ... 54077094L/
On 20-Dec-2022, Harmony Energy Limited increased from 11.183% to 12.246%.

[Hallucigenia]

Quiet day today - Shell update is pretty much as expected with a slight improvement in downstream margins, Cinnabar tests at 150 boepd for Mosman.

Brent=$79.47(January)                WTI=$74.63(January,Brent-4.84)         Nymex gas=$3.78(January)
NBP  =170.25p(January,Nymex+16.78)   TTF=€69.534(February,Nymex+17.90)      JKM=$28.850(February,Nymex+25.07)

Today 17:43 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4300H6073/
They bought back 206,829 shares at £23.372 = £4,833,923

Today 17:39 DCC PLC (DCC)
Holding in Company TR-1
https://www.investegate.co.uk/dcc-plc-- ... 39480049M/
On 5th of January 2023, FIL Limited (Hamilton, Bermuda) increased from 4.39% to 5.07%.

Today 17:19 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 19000022M/
They bought back 4,009,673 shares at 477.992p = £19,165,923

Today 15:06 Velocys PLC (VLS)
Block listing Interim Review
https://www.investegate.co.uk/velocys-p ... 06189907L/
Velocys Share Option Scheme

Today 12:19 Star Phoenix Group (STA)
NOTICE OF GENERAL MEETING
https://www.investegate.co.uk/star-phoe ... 19259744L/
a General Meeting ("GM") is to be held at Level 1, 181 Bay Street, Brighton, Melbourne, Victoria Australia 3186 at 16:00 (AEDT) on Tuesday, 31 January 2023. Copies of the circular and Notice of GM are available from the Company's website https://www.starphoenixgroup.com ...
[replace BDO as auditor with Wilmit Pty Ltd]

Today 12:05 Rockhopper Exp plc (RKH)
Blocklisting Interim Update
https://www.investegate.co.uk/rockhoppe ... 05479733L/
The Company's Employee Share Schemes

Today 08:12 Mosman Oil & Gas (MSMN)
Cinnabar-1 Initial Production
https://www.investegate.co.uk/mosman-oi ... 12549342L/
On 3 and 4 January, the well was flow tested by Streamline Well Testing Inc. The average flow over 24 hours on a 10/64 choke was circa 120 bopd and 180 Mcfd (a total of circa 150 boepd) and the final wellhead pressure was 1,025 psi....Mosman has already engaged independent consulting Engineers to upgrade the Reserve Report with information from this well.
Planning has commenced for workovers of the existing wells and drilling of additional development wells.

Today 07:30 Touchstone Explrtn. (TXP)
Share Purchase Plan and Director/PDMR Purchases
https://www.investegate.co.uk/touchston ... 30019265L/
announces the following purchases under its Employee Share Purchase Plan.

Today 07:01 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 01019260L/
On 02-Jan-2023, Monecor (London) Ltd Trading as ETX Capital reduced from 10.857% to 9.887%.

Today 07:00 Shell plc (SHEL)
Shell fourth quarter 2022 update note
https://www.investegate.co.uk/shell-plc ... 0000H5950/
The following is an update to the fourth quarter 2022 outlook and gives an overview of our current expectations for the fourth quarter....
The Q4’22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy is expected to be around $2 billion. These impacts will be reported as identified items and therefore will not impact Q4’22 Adjusted Earnings and will have limited cash impact in Q4’22 given the expected timing of payments.
[broadly on track - expected gas production down from 910-960 to 900-940kboepd, total from 1750-1950 to 1825-1925kboepd, refining margin has recovered from $15 in Q3 to $19 Q4, chemical margin now positive again at $37/t.]

Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds
https://www.investegate.co.uk/canadian- ... 00038669L/
has issued 2,526,846 common shares (the "Shares") pursuant to a conversion of $200,000 principal of 2024 Bonds and $200,000 principal of 2025 Bonds exercised by two Bondholders of the July 2022 Bond Issue. [$23.8m still outstanding between the two issues]

Today 07:00 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 00049259L/
On 03-Nov-2022, Monecor (London) Ltd Trading as ETX Capital increased from 8.98% to 10.857% and adjusted their shares vs other formats.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00048699L/
They bought back 185,803 shares at 76.87p = £142,827

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00038536L/
They bought back 100,000 shares at 9.75p = £9,750

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00048709L/
They bought back 8,918 shares at 23.4p = £2,087

Yesterday 17:47 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4731H5887/
They bought back 2,367,759 shares at £23.061 = £54,603,728

Yesterday 17:45 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 45018610L/
Commercial director buys £4.3k

Yesterday 17:32 United Oil & Gas PLC (UOG)
Holding(s) in Company
https://www.investegate.co.uk/united-oi ... 32588622L/
On 4th January 2023, Joshua Rowe reduced from 4.4% to 3.3%.

Yesterday 17:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27118619L/
They bought back 4,025,911 shares at 471.184p = £18,969,442

Yesterday 16:56 Atrato Onsite Energy (ROOF)
Holding(s) in Company
https://www.investegate.co.uk/atrato-on ... 56418573L/
On 04-Jan-2023, Close Asset Management Limited increased from 12.98% to 13.46%.

[Hallucigenia]

Capricorn issue a sarky letter to Palliser saying "your ideas are dumb but come onto the board and let's see you do better". Gran Tierra happy with progress, Angus get sign-off for the share issue, Nostrum tick a sanctions box in relation to their restructuring, Molecular Energies promise lots of good stuff to come whilst reducing their debt - sounds like Levine will debt-to-equity or go off with Atome shares? Serica update and continue bullish about their deal, Touchstone swap some declining production for exploration acreage adjacent to another of their blocks in Trinidad. Westmount extract some cash out of one of their holdings.

Brent=$79.12(January)                WTI=$74.18(January,Brent-4.94)         Nymex gas=$3.84(January)
NBP  =183.64p(January,Nymex+18.51)   TTF=€74.302(February,Nymex+19.54)      JKM=$27.115(February,Nymex+23.27)

Yesterday 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Operational and Financial Update
https://www.investegate.co.uk/gran-tier ... 0500H6660/
We are excited to announce that our 2022 total Company average production was approximately 30,800 BOPD which was within our guidance despite several social disruptions and a delay in our Moqueta drilling program. Our Moqueta development campaign is well underway with two of the five planned wells having been spud thus far. The initial production results of the first well are encouraging with a stable average rate of 1,312 BOPD. We are very excited for what 2023 holds for the Company and expect to build off the momentum from the strong finish to 2022.”...
During fourth quarter 2022, Gran Tierra’s total average production was approximately 32,600 BOPD.
December 2022 total Company average production was approximately 33,800 BOPD.
Gran Tierra’s total average production for the full year 2022 was approximately 30,800 BOPD which is within the Company’s prescribed guidance.
Share Buybacks: Pursuant to Gran Tierra’s current normal course issuer bid, Gran Tierra purchased approximately 23 million shares during 2022, representing about 6.2% of shares outstanding as of June 30, 2022.
As part of Gran Tierra’s focus on significant debt reduction, the Company reduced its total debt by $87.6 million in 2022 and by a further $122.5 million in 2021, for a reduction of total debt of $210.1 million over the past two fiscal years.

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00011529M/
They bought back 392,891 shares at 307.3377p = £1,207,502.16

Yesterday 17:48 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 48531551M/
They bought back 3,710,432 shares at 482.107p = £17,888,269

Yesterday 17:19 Harmony Energy Inc. (HEIT)
Holding(s) in Company
https://www.investegate.co.uk/harmony-e ... 19231485M/
On 06-Jan-2023, Schroders Plc increased from 12.728% to 14.592%.

Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z6102/
They bought back 4,098,990 shares at an average of €58.795 = £212,632,544

Yesterday 16:35 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 35081445M/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's up +7.5%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35331452M/
https://uk.finance.yahoo.com/quote/TTE.L/chart
Ended the day down 0.8% after being up a bit.

Yesterday 15:58 Angus Energy PLC (ANGS)
Result of GM, TVR and Saltfleetby Update
https://www.investegate.co.uk/angus-ene ... 58021412M/
The Company announces that at the General Meeting held earlier today all resolutions were passed.
Accordingly, and further to the announcement of a fundraising (the "Fundraising") on 19 December 2022 conducted in two tranches, the Company now has sufficient authorities to issue the second tranche of 89,781,000 new Ordinary Shares together with 311,250,000 warrants ("Conditional Subscription") in respect of the entire Fundraising ...
The Company is pleased to announce that [Saltfleetby sidetrack] drilling operations recommenced this week and the programme has presently reached 2553 metres Measured Depth.

Yesterday 14:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00081319M/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's up +7.5%. Over the last 2 weeks it's been in the usual range.

Yesterday 13:36 Nostrum Oil & Gas (NOG)
Update on Restructuring - OFSI Licence Approval
https://www.investegate.co.uk/nostrum-o ... 36041304M/
today provides further update regarding the proposed restructuring (the "Restructuring") of the Group's US$725 million 8.0% Senior Notes due July 2022 and US$400 million 7.0% Senior Notes due February 2025, in each case issued by Nostrum Oil & Finance B.V.
As previously disclosed, a condition to the Restructuring was the receipt of certain required licences from the relevant sanctioning authorities (or any confirmations that such licences are not required) necessary to complete the Restructuring. The Company has now received a licence from The Office of Financial Sanctions Implementation ("OFSI"), the authority for the implementation of financial sanctions in the United Kingdom...
The Company continues to engage with the other relevant sanctioning authorities, namely the Dutch Ministry of Finance and the Guernsey Policy & Resources Committee, with respect to obtaining the required licences in these jurisdictions

Yesterday 12:32 Zenith Energy Ltd (ZEN)
Italian Electricity Production - December 2022
https://www.investegate.co.uk/zenith-en ... 32251269M/
The Company produced a total of approximately 1,025 megawatt hours ("MWh") in the month of December 2022, representing the highest monthly production during the course of 2022. 
Electricity prices during the month of December 2022 averaged approximately EUR 280 per MWh, resulting in net revenues of approximately EUR 286,500. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Yesterday 09:00 Petro Matad Ltd (MATD)
Price Monitoring Extension
https://www.investegate.co.uk/petro-mat ... 00360845M/
https://uk.finance.yahoo.com/quote/MATD.L/chart
On the day it's down -8.7%. Over the last 2 weeks it's jumped +41.4% with a spike to +57%.

Yesterday 07:02 Capricorn Energy PLC (CNE)
Palliser Letter
https://www.investegate.co.uk/capricorn ... 02010669M/
Capricorn announces that it has written to shareholder Palliser, following correspondence about general meetings to be held by the Company. The letter is available here: https://www.capricornenergy.com/caprico ... ouncement/ - actually here :
https://www.capricornenergy.com/umbraco ... y-2023.pdf
"We read with interest the statements in your letter of 6th January that the purpose of your requisitioned GM resolutions is to create “an opportunity to re-assess the merits and terms of the NewMed transaction” and evaluate it against the alternatives, rather than necessarily to implement your alternative plan as originally indicated in the materials you published on 19th December. We are open to that path forward. We are ready to add a number of your nominees to the Board promptly and well before the general meetings – there is no need to wait until next month....We stand ready to work together with you on this front. We believe there remains more than enough time to conduct our evaluation so that a number of your nominees, as directors of the company, can assess for themselves the strategic alternatives that have been explored by the Board and evaluate the body of information underpinning our recommendation of the Combination, but to achieve this we need your assistance as soon as possible (including providing contact information for your nominees)."

Yesterday 07:00 Capricorn Energy PLC (CNE)
Notice of GM
https://www.investegate.co.uk/capricorn ... 00030660M/
A notice of general meeting (the "Notice") is being posted to shareholders today. The Notice convenes a general meeting of the Company (the "General Meeting") requested by Palliser Capital Master Fund Ltd ("Palliser") to consider resolutions to remove seven of the current directors from the board of directors of the Company (the "Board") and to appoint six new directors, selected by Palliser, to the Board. Taking account of the date on which Palliser's requisition notice was deposited at the Company's registered office as required by the Company's Articles of Association, the General Meeting will be held at the Sheraton Grand Hotel, 1 Festival Square, Edinburgh EH3 9SR at 2.00 p.m. (London time) on 1 February 2023.

Yesterday 07:00 Molecular Energies (MEN)
Operations and Strategic Update
https://www.investegate.co.uk/molecular ... 00019772L/
The drilling of a high impact gas exploration well at the Martinez del Tineo field in Salta is on the programme for H2 2023 which will also target proven oil reserves in that field. An appropriate drilling rig has been identified and, to maximise economies of scale with regard to future drilling in Salta, advanced negotiations are in progress with regard to the drilling rig being based at the Puesto Guardian Concession on a medium to long-term basis from mid-2023....
MEN has been informed that the designated drilling contractor expects to complete the procurement of the drilling rig in Paraguay in the middle of next week and the drilling contract is being signed in anticipation subject to completion of formalities.
The necessary repairs and inspections referred to in the Company announcement on 7 December 2022, are expected to commence next week with the objective of the spudding of the well by the end of Q1 2023. The Company will advise the market as to progress at the end of January 2023....
[Louisiana] together with the contingent liabilities, is intended to be dispensed with in Q1 2023 so that MEN can concentrate its resource and direction in other areas....
Further to the announcement made by MEN on 25 July 2022, discussions remain ongoing with the Argentina State-owned company for managing the energy and mining resources of the Salta Province. At the same time, GHC is considering other areas in connection with Lithium. Notwithstanding the ongoing work, this is expected to be a relatively slow burner....
Shareholders can expect further announcements [wrt Dual Fuel] during H1 2023....MEN is currently pursuing a number of other opportunities under GHC and expects to be able to advise the market positively in regard to certain of these also during H1 2023. The objective is to mix near term income generative business with those with excellent prospects but on a longer lead time....
In Q1 2023, MEN will be taking steps to meaningfully reduce and right-size both the interest burden on the Company as well as capital monies due under of the shareholder loan provided to MEN by IYA, a company beneficially owned by MEN's largest shareholder and Chairman, Peter Levine. IYA has indicated that it is both sympathetic and supportive of the desirability to significantly reduce the interest and debt at the parent company level in the interests of the Company as a whole and its future expansion.
Discussions are underway between the Company and IYA with a view to such reduction whilst retaining the benefit of an underpinned, robust, and time extended line of credit from IYA in favour of the Company supporting working capital for the repositioned group. [debt to equity or eg Levine goes off with a chunk of Atome?]

Yesterday 07:00 Serica Energy PLC (SQZ)
ACQUISITION UPDATE, CIRCULAR & OPERATIONS UPDATES
https://www.investegate.co.uk/serica-en ... 00030180M/
Following the announcement dated 20 December 2022 by Serica Energy plc (AIM:SQZ, "Serica", the "Company" or the "Group") that it had 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"), Serica announces the publication of a Circular to shareholders on the proposed transaction which will be posted later today and which can be found on its website: www.serica-energy.com . An updated presentation can also be found on the website. This announcement contains material new information and an update on the recent operational and financial performance of the two companies....
· 2022 average net production for Serica of 26,050 boe/d
· Tailwind net production increased significantly during 2022 with completion of Orlando well workover and Evelyn tie-back - 19,500 boe/d average in Q4 and touching 24,500 boe/d during December
· Combined proforma net production forecast of 40,000 to 47,000 boe/d in 2023, 41,000 to 48,000 boe/d in 2024 and 42,000 to 49,000 boe/d in 2025
· Results from GE-04 well (Tailwind 100%) considerably better than pre-drill estimates with expected initial production rates in excess of 8,000 boe/d compared with 5,000 boe/d predrill estimate. Production tie-in planned in Q1 2023
· Addition of Tailwind 2P reserves increases combined 2P reserves as at 1 January 2022 by 67%
· Tailwind retains significant tax losses at end 2022 currently estimated at:
• Ring Fence Corporation Tax: $1.4 billion
• Supplementary Charge: $1.2 billion
• Energy Profits Levy: $0.1 billion
· Losses available for utilisation against future taxable profits with potential tax offset in the region of £470 million based on current rates of taxation
Serica Energy plc is pleased to announce that Mitch Flegg will provide a live presentation relating to the Transaction via the Investor Meet Company platform on 10 Jan 2023 at 2:00pm GMT.

Yesterday 07:00 Hydrogen Utopia Intl (HUI)
Admission to Trading and First Day of Dealing
https://www.investegate.co.uk/hydrogen- ... 00010067M/
is delighted to announce 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. 
Dealings in the Company's ordinary shares of 0.1p each ("Ordinary Shares") will commence at 08:00 GMT today under the symbol "HUI". On Admission, the Company will have 384,320,000 Ordinary Shares in issue. The ISIN number is GB00BMFR8J48 and the SEDOL is BMFR8J4 .
The Company's Ordinary Shares, which were already trading on the Access Segment of the Aquis Growth Market, will also today move to trading on the AQSE Main Market. The Company's Ordinary Shares will continue to trade on the OTCQB Venture Market in the United States of America and on the Open Market of the Frankfurt Stock Exchange in Germany.

Yesterday 07:00 Touchstone Explrtn. (TXP)
Execution of Asset Exchange Agreement
https://www.investegate.co.uk/touchston ... 00020111M/
its indirect wholly owned Trinidadian subsidiary, Primera Oil and Gas Limited, has entered into an Asset Exchange Agreement (the "Agreement") for the exchange of certain onshore Trinidad assets with Lease Operators Limited, a privately held Trinidadian entity...we have agreed to transfer our Fyzabad, San Francique and Barrackpore blocks, which currently produce aggregate crude oil volumes of approximately 130 barrels per day ("bbls/d"), in exchange for the Rio Claro, Balata East and Balata East Deep Horizons ("Balata Deep") blocks, which offset our Ortoire block and currently produce aggregate crude oil volumes of approximately 35 bbls/d....The Transaction contemplates swapping producing legacy crude oil fields which we consider non-core due to limited scalability in exchange for highly prospective exploration and development acreage contiguous to our Ortoire block.

Yesterday 07:00 Westmount Energy Ld (WTE)
CEC - Return of Capital Transaction
https://www.investegate.co.uk/westmount ... 00030161M/
has elected to participate in the pro rata Return of Capital Transaction ("ROC Transaction") offered to the shareholders of Cataleya Energy Corporation ("CEC") which will reduce the number of outstanding common shares ("Common Shares") in CEC in issue by 16%....The ROC Transaction has been structured such that each Participating Shareholder effectively receives, for each Common Share held prior to the transaction that is ultimately cancelled pursuant to the ROC Transaction, an amount equal to approximately USD$3.906 per share....Prior to the ROC Transaction, Westmount held a total of 567,185 Common Shares in CEC, representing approximately 5.28% of the issued common shares in CEC. Post completion of the ROC Transaction, Westmount holds a total of 474,816 Common Shares in CEC, retaining approximately 5.26% of the issued common shares of CEC outstanding post the ROC transaction, and will receive USD$355,954 (net of expenses)....
CEC holds, via its 100% owned subsidiary Cataleya Energy Ltd. ("CEL"), a 20% Working Interest ("WI") in the Kaieteur Block, offshore Guyana. Partners on this block include Esso Exploration and Production Guyana Limited (35%, operator), Ratio Guyana Limited (25%) and Hess Guyana (Block B) Exploration Limited (20%). A single well, Tanager-1, has been drilled on the Kaieteur Block to date and was announced, in November 2020, as an oil discovery which is currently considered to be non-commercial as a standalone development. Subsequent to that, in May 2021, it was reported that Hess Corporation had increased its stake in the Kaieteur Block via the acquisition of an additional 5% WI from CEL.

Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00020081M/
They bought back 192,788 shares at 75.89p = £146,307

Yesterday 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00020080M/
They bought back 100,000 shares at 28p = £28,000

Yesterday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00010024M/
They bought back 10,000 shares at 23.298p = £2,330

Friday 17:46 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 46390051M/
They bought back 32,000 shares at 108p = £34,560

[Hallucigenia]

Surgutneftegas ADRs cease trading, Orcadian upgrade Pilot by 18%, GMS confirm guidance, GETECH JV for geothermal in Latin America, Zenith gain exclusivity for the block in Benin they announced interest in a few months ago.

Brent=$79.51(January)                WTI=$74.51(January,Brent-5.00)         Nymex gas=$3.61(January)
NBP  =171.3p(January,Nymex+17.22)    TTF=€70.071(February,Nymex+18.45)      JKM=$27.060(February,Nymex+23.45)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00013008M/
They bought back 119,632 shares at 305.8p = £365,835

Yesterday 17:19 United Oil & Gas PLC (UOG)
Holding(s) in Company
https://www.investegate.co.uk/united-oi ... 19143019M/
On 6th January 2023, Joshua Rowe reduced from 3.3% to 2.7%.

Yesterday 16:35 DG Innovate PLC (DGI)
Price Monitoring Extension
https://www.investegate.co.uk/dg-innova ... 35192952M/
https://uk.finance.yahoo.com/quote/DGI.L/chart
Down 9%

Yesterday 13:24 Serica Energy PLC (SQZ)
PDMR Dealings
https://www.investegate.co.uk/serica-en ... 24112816M/
David Latin, non-executive director, purchased 14,500 ordinary shares in the Company at a purchase price of 270.4853p per share.

Yesterday 12:58 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.- ... 58282795M/
S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. EON ENERGIE ROMANIA S.A. ...Contract no. 39943/December 28, 2022 Supply of natural gas to Romgaz consumption points in the period January 1, 2023 - July 1, 2023

Yesterday 10:01 Harmony Energy Inc. (HEIT)
Director Declaration
https://www.investegate.co.uk/harmony-e ... 01201380M/
with effect from 1 February 2023, Dr Shefaly Yogendra, an independent non-executive director of the Company, has been appointed as a non-executive director of Witan Investment Trust plc.

Yesterday 09:15 Zenith Energy Ltd (ZEN)
Exclusivity for Block 1, Sèmè Field in Benin
https://www.investegate.co.uk/zenith-en ... 15022371M/
the Ministry of Water and Mines of the Republic of Benin has awarded Zenith Energy an exclusivity (the "Exclusivity") for a period of three months to negotiate and finalise the terms of a Production Sharing Contract ("PSC") for Block 1 containing the Sèmè oilfield, offshore Benin ("Block-1").
The Company announced the submission of an offer for Block-1 on September 22, 2022. ...
· Discovered in 1967 by Union Oil, Block-1 covers 551 sq. km with over 355 sq. km of recent 3D seismic data taken between 2001-2014.
· Located in shallow water (30m) offshore with onshore facilities and tank farm for processing of oil production.
· A proven oilfield, with significant unexploited potential, having independently assessed recoverable reserves (2P) of 22-28 million barrels of oil and 428 billion cubic feet of natural gas (Kerr McGee 2005) for the original Sèmè oilfield.
· Has produced a reported 22 million barrels of oil to date, with last commercial production having taken place in 1998 when oil prices were below approximately US$10 per barrel.
· Historical Recovery Factor of 22%, leaving significant margin for improvement of the recovery factor utilising modern completion techniques, horizontal drilling, and improved 3D seismic.
· Last produced at a rate of approximately 2,000 barrels of oil per day in 1998
· Average historical well production rates ranging between 1,500 - 3,000 barrels of oil per day.
· The last operator is reported to have made infrastructure investments for an amount exceeding US$100 million prior to exiting the project due to low oil prices.
· A new ' Sèmè North' oilfield ("Sèmè North") was discovered in 2015 with a reported discovery of an additional 100 million barrels of oil in place with estimated (2P) recoverable reserves of 16 million barrels utilizing a Recovery Factor of 16%. [i] It is expected that improvements in the Recovery Factor might be achieved with modern completion and drilling techniques to reach a Recovery Factor of above 30%.

Yesterday 07:00 Block Energy PLC (BLOE)
Board Change
https://www.investegate.co.uk/block-ene ... 00041279M/
is pleased to announce the appointment of Dr Ken Seymour as Chief Operating Officer ("COO"), with effect from 10 January 2023.
Dr Seymour has over 40 years of industry experience as a drilling engineer, drilling superintendent, drilling manager, asset manager, director and adviser. He has worked in various parts of the world, including the UK North Sea, the Netherlands, China, Pakistan, Angola, Nigeria and Indonesia. 
Dr Seymour graduated from Leeds University with a first-class BSc honours degree in Mining Engineering and a PhD in Rock Mechanics. He also obtained an MBA from Aberdeen University .
Dr Seymour was appointed to the Company's Board as a non-executive director on 6 September 2021. In order to devote the time needed to his new role, he will be stepping down from the Board, with immediate effect. The Company has initiated a search for a replacement independent non‑executive director.

Yesterday 07:00 GETECH Group plc (GTC)
Agreement to Jointly Evaluate Geothermal Projects
https://www.investegate.co.uk/getech-gr ... 00041629M/
is pleased to announce the signing of a Strategic Collaboration Agreement (the "Strategic Agreement") with Eavor Technology Inc. ("Eavor"), a global geothermal technology company...The Strategic Agreement will see the Parties work together to locate and de-risk multiple closed-loop geothermal projects for development across Latin America, a region with inherent strong heat-flow potential and rapidly growing green energy demand. See information included in this video: https://getech.com/wp-content/uploads/2 ... ership.mp4

Yesterday 07:00 Gulf Marine Services (GMS)
Trading Statement
https://www.investegate.co.uk/gulf-mari ... 00021513M/
EBIDTA for the year ending Dec 31st 2022 is expected to be in line with the previously announced range of USD 70-72m, with EBITDA guidance for the year ending 31 December 2023 expected to be between US$75‐US$83m.
This increase from 2022 levels is driven predominately by a combination of higher utilization levels (expected to increase from 88% to 93%) and increase in day rates (expected to increase by 8% across the fleet).
Our backlog stands at USD 369 million (USD 216.0 million at the same point in 2022), a level reflecting the demand for our vessels.

Yesterday 07:00 Orcadian Energy PLC (ORCA)
Pilot Technical Resource Upgrade
https://www.investegate.co.uk/orcadian- ... 00031578M/
· Management has completed an update of their estimate of technically recoverable resources for the Pilot field
· Technically recoverable resources have increased 18% to 97 MMbbl for a P50 case based upon a polymer flood development scheme
· Comprehensive geophysical interpretation and geological and dynamic reservoir modelling work completed with support from Axis and TRACS
· Upside resource estimate for Pilot alone is now 131 MMbbl.

Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00011641M/
They bought back 193,338 shares at 74.69p = £144,404

Yesterday 05:52 'Surgutneftegas' PJSC (SGGD)
Information statement that, according to the issuer, exert a significant impact on the value or quotations of its securities
https://www.investegate.co.uk/--39-surg ... 5202EYSVU/
has sent a notice to London Stock Exchange (London Stock Exchange Plc; location: 10 Paternoster Square, London EC4M 7LS, United Kingdom) on cancellation of admission to trading on Multilateral Trading Facilities (MTF) in ATT Only segment, section IOBE (International Order Book Electronic) of American Depositary Receipts, representing rights to ordinary shares of the Company (SGGD; ISIN US8688612048; SEDOL B01WHG9).
The notice to London Stock Exchange is related to the notice of depositary bank, The Bank of New York Mellon, on termination from 23 January 2023 of the Deposit Agreements dated 08.04.2008 between the Company, the depositary bank and owners and beneficial owners of American depositary receipts for ordinary and preferred shares of the Company.

[Hallucigenia]

Busy day today. Shell/Deltic have something to test at Pensacola (up 40% at one stage), Kibo are back now that they have a NOMAD again, paying off some debt with Mast shares. Orcadian dispose of some minor non-core bits in return for a bit of cash and a small royalty. Longboat pick up some neighbouring acreage in the latest Norwegian round including a possible extension to Oswig. Blencowe get permission to export big bulk samples of graphite for processing tests. UKOG have plans for a new well in Turkey. Hurricane have lots of cash, deadline was last week for expressions of interest if they can get past Tony Buckingham. Europa ticking along, bullish.

Brent=$79.50(January)                WTI=$74.47(January,Brent-5.03)         Nymex gas=$3.67(January)
NBP  =171.3p(January,Nymex+17.17)    TTF=€71.000(February,Nymex+18.70)      JKM=$27.060(February,Nymex+23.39)

Today 07:30 AIM ()
Restoration - Kibo Energy plc
https://www.investegate.co.uk/aim/rns/r ... 30013028M/
Trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 11/01/2023 7:30am, a nominated adviser having been appointed.

Today 07:00 Kibo Energy PLC (KIBO)
Appointment of NOMAD & Director and General Update
https://www.investegate.co.uk/kibo-ener ... 00073059M/
is pleased to announce the appointment of Beaumont Cornish Limited ('BCL') as the Company's London Stock Exchange AIM Market ('AIM') Nominated Adviser ('NOMAD') with immediate effect. Accordingly, the Company expects trading in the Ordinary Shares on AIM to resume with effect from 7.30am today....
furthermore pleased to welcome Ajay Saldanha as an independent non-executive director to its Board of Directors with immediate effect.[former head energy M&A at KPMG, before that Lehmans]..
With regard to the bridge loan facility (the "Facility") announced to the market in RNS dated 16 February 2022, the Company has subsequently agreed with the Institutional Investor to extend the repayment date of said Facility to the 28 April 2023. As part of this agreement, the Company has provided the Institutional Investor with the right to trade shares held by it in Mast Energy Developments Plc up to the value of £250,000, the proceeds of which would be set off against the total amount owed under the Facility, being approximately £1.1m. ...
the Company will provide a general strategy update, including expected timing for the potential USE spinout as announced on 29 September 2022, shortly.

Today 07:00 Deltic Energy PLC (DELT)
Commencement of Well Testing
https://www.investegate.co.uk/deltic-en ... 00073077M/
, is pleased to announce that Shell, the Operator of exploration well 41/05a-2 on Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working Interests), in the Southern North Sea has reported that gas has been encountered in the reservoir and has recommended to the Joint Venture ('JV') that a full well testing programme be undertaken. [up 34%, but back where it was a few weeks ago]

Today 07:00 Europa Oil & Gas (EOG)
Operational Update
https://www.investegate.co.uk/europa-oi ... 00083133M/
Europa continues to benefit from the excellent performance of the Company's onshore UK producing assets, particularly the Wressle oilfield in the East Midlands (Europa working interest: 30%). The Company's total UK net production in December 2022 averaged over 300 bopd, and Europa anticipates an active year for Wressle, with a firm development well planned to be drilled for the Penistone horizon in H2 2023 (subject to necessary permits and consents) and preparation for a second Penistone well and Broughton North exploration well to be drilled in 2024. When the Penistone horizon comes online, expected in Q4 2023, the Board forecasts group production net to Europa of over 500 boepd. The production is complemented by the gas monetisation solutions planned for Wressle via a "Gas to Wire" system, forecast to be completed in Q2 2023, and a gas export pipeline, developed in parallel with the Penistone well, expected to be operational by Q4 2023. Both gas monetisation solutions will not only enhance production from the field and substantially increase revenues but will also eliminate routine flaring from the Wressle field.
In conjunction with the Company's partner i3 Energy, in 2023 Europa will continue to explore options for the development of the Serenity oil field in the Outer Moray Firth area of the North Sea (Europa working interest: 25%). The discovered reserve would likely be developed as a subsea tie-back to Repsol Sinopec's Tain Field. The field could be a unitised development which would be highly material to Europa, with net production to Europa anticipated to be circa 1,000 bopd. Further updates will be provided as development discussions between the Serenity and Tain partners progress.
Europa has a 100% interest in licence FEL 4-19, which contains the significant Inishkea gas prospect. The Company has engaged Llamas and Bannister Energy Advisors Ltd to assist with a farm out process which will commence shortly

Today 07:00 Hurricane Energy PLC (HUR)
Trading, Operational, Financial & FSP Update
https://www.investegate.co.uk/hurricane ... 00083153M/
· Production and oil sales for the year ended 31 December 2022:
o Production: 3.1 MMbbls (average of 8,464 bopd)
o Oil sales: 3.2 MMbbls across 6 cargoes
o Revenue: $311 million (2021: $241 million)
o Average realised oil price: $97/bbl (2021: $67/bbl)
o Year-end net free cash(1): $122 million
Management's production guidance for the full calendar year 2023 is 5,900 - 7,100 bopd. This assumes FPSO production planned uptime of 96.5% and production from the P6 well alone on artificial lift via ESP. Guidance also includes the impact of an annual maintenance shutdown, anticipated to occur during Q3 2023. 
Hurricane will provide an update on the proposed requisition of a general meeting of shareholders by Crystal Amber Fund Limited by close of business on 12 January 2023.

Today 07:00 UK Oil & Gas PLC (UKOG)
Turkey: Operational Update & New Pinarova-1 well
https://www.investegate.co.uk/uk-oil--- ... 00083123M/
the Resan JV (UKOG 50% working interest) has identified and plans to drill in Q1 2023, a new potential shallow oil accumulation, Pinarova, of some 9 km² areal extent, located 6 km north of the Basur-1 oil discovery. The new Pinarova-1 well is designed to test a working hypothesis, supported by well and seismic data, that the active (41.7˚API) light oil seep found last summer in a seismic shot hole (see RNS of 30 June 2022) above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation within Eocene Hoya group limestones, 300-645m below surface....
Analysis of the new Phase 2 seismic data also supports the directors' belief that the Basur structure extends more westwards than first mapped and can now be better appraised from a newly identified site, 1 km west of the Basur-1 oil discovery. The new site will enable the core of the Basur discovery to be reached and appraised with reduced horizontal deviation than from the Basur-3 site, and without the need to drill through the major NW-SE thrust fault zone immediately to the south. The new location thus removes the potential lost circulation, stuck pipe and significant cost overrun risks associated with drilling through the heavily fractured limestones within the thrust-fault zone. The new site will, however, require a new pad and longer access track to be constructed....
We are actively supporting our operator AME to get Pinarova-1 drilled as soon as practicable in 2023 and, if successful, either Pinarova-2 and/or a Basur-4 appraisal well drilled from a new site 1 km west of the Basur-1 discovery.

Today 07:00 Blencowe Resources (BRES)
Export Approval for Bulk Samples
https://www.investegate.co.uk/blencowe- ... 00083154M/
· Ugandan Government approves landmark one-off permit for Blencowe to export bulk sample graphite from Orom-Cross for key final testing
· Underlines huge support for Orom-Cross advancement to production at all levels within the country
As Ugandan Mining Law does not allow for the export of unprocessed raw materials this approval is a landmark decision by the Government, who fully understand the need and requirement for this testing to occur as a key action for the advancement of Orom-Cross towards first production. Blencowe acknowledges and appreciates the support of the Government of Uganda and the Ministry of Energy and Mineral Development in this matter.

Today 07:00 Longboat Energy PLC (LBE)
APA Licence Awards
https://www.investegate.co.uk/longboat- ... 00083657M/
is pleased to announce the award of new licences under the Norwegian 2022 APA Licensing Round (Awards in Predefined Areas).
Licence 1182 S (Company 30%) lies in the prolific Norwegian North Sea, 4kms southeast of the Company's recent significant Kveikje discovery where Longboat is a 10% equity partner....
Based on the Company's estimates, Lotus contains gross mean prospective resources of 27 mmboe* with further potential upside estimated at 44 mmboe*. The chance of success associated with the Lotus prospect is 56%* with the key risk being hydrocarbon retention.
The PL1100 group has been successfully granted licence PL1100C (Company 20%) containing Oswig South, a potential southerly extension of the recent Oswig gas-condensate discovery. The Oswig South prospect is located at a shallower depth than Oswig, and is therefore expected to have better reservoir quality.
The Oswig South prospect has been significantly de-risked by the Oswig discovery and has the potential to double the size of the existing discovery.
The Kveikje discovery partner group (Company 10%) has successfully been granted two additional extension areas to the original licence covering the upside potential of the high-quality oil discovery announced in April 2022.
Longboat is also pleased to confirm it has now executed the amended facility documentation 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.

Today 07:00 Orcadian Energy PLC (ORCA)
Proposed Disposal of Crinan and Dandy discoveries
https://www.investegate.co.uk/orcadian- ... 00062960M/
· Orcadian has entered into a non-binding Heads of Agreement ("HoA") with Rapid Oil Production Ltd ("Rapid") to dispose of its interests in the Company's non-core Crinan and Dandy discoveries.
· Rapid is progressing the development of the nearby Fyne field, with the intention of achieving FDP Approval in 2023, and could bring Crinan into production as part of the Fyne cluster in phase two or three of the field development. This could potentially be followed by a Dandy tie-back via Fyne.
· If this progresses to completion, Orcadian would receive a cash consideration of US$500,000 (US$100,000 on signature of a binding Sale and Purchase Agreement, and US$400,000 on Crinan FDP Approval) plus a royalty on oil and gas produced from the fields....
Follow this link for a map of the proposed Crinan and Dandy subarea: https://bit.ly/Dandy_Crinan
Rapid has agreed to pay an oil price dependent royalty which ranges from 2.5% to 4.0% for production from these fields. Rapid and Orcadian have also agreed that Orcadian's deemed equity share of the Crinan discovery is 60%.

Today 07:00 Challenger Energy (CEG)
Change of Nominated Adviser and Joint Broker
https://www.investegate.co.uk/challenge ... 00082825M/
it has appointed WH Ireland Limited as the Company's Nominated Adviser and Joint Broker with immediate effect.

Today 07:00 Upland Resources Ltd (UPL)
Appointment of Non-Executive Technical Director
https://www.investegate.co.uk/upland-re ... 00083130M/
is pleased to announce the appointment of Professor Andrew Hurst to the Upland Board of Directors as a Non-Executive Technical Director....He has strong O&G industry connections that include research investment. Notably he was the academic lead for the creation and development of the Dep artment of Petroleum Geoscience and a new MSc course in Petroleum Geoscience at University of Brunei. In this role he liaised closely with the Ministry of Education, the VC University Brunei, and Brunei Shell Petroleum.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00023090M/
They bought back 3,635,305 shares at 477.414p = £17,355,442

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00083100M/
They bought back 197,766 shares at 74.66p = £147,652

Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00073042M/
They bought back 150,000 shares at 27.9p = £41,850

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00073046M/
They bought back 10,000 shares at 24.8p = £2,480

[Hallucigenia]

Investegate was playing up yesterday, I was getting timeouts a lot of the time. So here's the rest of yesterday.

Brent=$82.73(January)                WTI=$77.43(January,Brent-5.30)         Nymex gas=$3.64(January)
NBP  =160.63p(January,Nymex+15.91)   TTF=€65.346(February,Nymex+17.00)      JKM=$26.870(February,Nymex+23.23)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00014501M/
They bought back 399,790 shares at 311.4266p = £1,245,052

Yesterday 17:43 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4332H6854/
They bought back 1,112,426 shares at £24.005 = £26,703,840

Yesterday 17:42 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 42004522M/
They bought back 3,674,232 shares at 477.864p = £17,557,847

Yesterday 17:33 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 33114505M/
Looney Shares acquired through participation in the BP ShareMatch UK Plan

Yesterday 16:35 Blencowe Resources (BRES)
Price Monitoring Extension
https://www.investegate.co.uk/blencowe- ... 35274426M/
https://uk.finance.yahoo.com/quote/BRES.L/chart
On the day it's jumped +16.3% with a spike to +18%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 35154421M/
https://uk.finance.yahoo.com/quote/SOU.L/chart
Back down again, on the day it's been in the usual range.

Yesterday 16:11 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 1100Z8502/
Sale of shares issued from a free share programme

Yesterday 16:09 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 0900Z8700/
Persons Discharging Managerial Responsibilities Paris, January 11, 2023 – TotalEnergies SE has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”)...Acquisition: Employee savings managed on payslip: voluntary payment and employer matching contribution

Yesterday 15:49 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 49514382M/
On 19-12-2022, Kemexon Ltd (Hong Kong) increased from 4.12% to 6.61%.

Yesterday 15:48 Angus Energy PLC (ANGS)
Update regarding Issue of Equity
https://www.investegate.co.uk/angus-ene ... 48534380M/
Following the announcement of 9 January 2023, the Company announces a revised admission date for the shares issued pursuant to the Conditional Subscription and to Forum Energy Services Ltd to be admitted to trading of AIM of 20 January 2023.

Yesterday 14:00 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 00274319M/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's soared +46.8% with a spike to +62%. Over the last 2 weeks it's been in the usual range.

Yesterday 14:00 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 00224317M/
https://uk.finance.yahoo.com/quote/SOU.L/chart
Small spike but on the day it's been in the usual range.

Yesterday 13:42 Hurricane Energy PLC (HUR)
Result of Voting at General Meeting
https://www.investegate.co.uk/hurricane ... 42574302M/
99.56% approved the capital reduction

Yesterday 10:31 Shell plc (SHEL)
BG Energy Capital plc announces results of consent solicitations in respect of its outstanding Notes
https://www.investegate.co.uk/shell-plc ... 3125H6765/
Enough people showed up this time for them to restructure the BG notes.

Yesterday 10:18 Ming Yang Smart Engy (MYSE)
Resolution of the First EGM in 2023
https://www.investegate.co.uk/ming-yang ... 18334014M/
Accountants approved

Yesterday 10:00 Eco (Atlantic) O&G (ECO)
Website Update and New ESG Policies
https://www.investegate.co.uk/eco--atla ... 00023751M/
announces, in preparation for an active year ahead, the launch of its upgraded corporate website, which is now live at: www.ecooilandgas.com Environmental, Social and Governance ("ESG") considerations play an integral role in all aspects of Eco's strategy and operations, and it is noted that the website now includes an in-depth section on the Company's ESG principles and policies.

Yesterday 10:00 Wentworth Resources (WEN)
Publication of Independent Asset Valuation
https://www.investegate.co.uk/wentworth ... 00023957M/
Wentworth Resources plc ("Wentworth") and Etablissements Maurel & Prom S.A. ("M&P") announced on 5 December 2022 that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P at 32.5 pence per share (the "Acquisition"), in accordance with the UK Takeover Code (the "Code"). The Acquisition values the entire issued and to be issued ordinary share capital of Wentworth at approximately £61.7 million (approximately $75.0 million).
On 14 February 2022 Wentworth published a competent person's report which included an asset valuation by RPS Energy Canada Limited ("RPS"). In connection with the Acquisition, Wentworth is required by Rule 29 of the Code to publish an updated, independent asset valuation (the "Valuation"). As RPS is also reserves auditor to M&P, Wentworth has commissioned ERC Equipoise Ltd ("ERCE") to provide the Valuation. ERCE is independent of both Wentworth and M&P.
ERCE values Wentworth's oil & gas assets at a range, based on the scenarios set out below, of:$59 million to $75 million
Wentworth estimates the value of the Company as an ongoing business, based on the Valuation, adjusting for existing cash, taxes and costs, on a fully diluted basis, to be between: 24.8 pence per share and 27.9 pence per share...
"The Board believes that the Valuation underlines its view that the terms of the Acquisition are fair and reasonable, not least given the substantially lower revenues expected in 2023 due to the depletion of the historic cost pool. Furthermore, material capex is required to maintain, let alone increase, production at the Company's only non-cash asset.

Yesterday 09:00 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 00093816M/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's soared +46.8% with a spike to +62%. Over the last 2 weeks it's been in the usual range.

[Hallucigenia]

Wood in line with guidance, trying to talk up prospects.
Pharos try to distract from their declines by hinting at good things on the seismic in Block 125 - but the best targets are in deep water so will need a drillship so nothing will happen for 18 months. IMF ftying und for Egypt may make it easier to get cash out of the country, we'll see.
LDS-01 works for Parkmead, but no numbers on it. Whereas UOG do have some numbers for a CPR on Maria, 10.2mmboe 2C (100%), obviously looking for a deal. Afentra's deal ticks along, got signoff for one part but big bit is still waiting. Enwell's Q4 production only down 25% yoy, legal situation still precarious but VAS restarting.

Brent=$83.86(January)                WTI=$78.28(January,Brent-5.58)         Nymex gas=$3.69(January)
NBP  =167.42p(January,Nymex+16.75)   TTF=€66.809(February,Nymex+17.56)      JKM=$26.760(February,Nymex+23.07)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00005904M/
They bought back 270,389 shares at 315.4199p = £852,861

Yesterday 17:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5345H7029/
They bought back 2,829,079 shares at £24.226 = £68,536,063

Yesterday 17:31 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 31585944M/
They bought back 3,608,926 shares at 482.788p = £17,423,450

Today 13:48 Hurricane Energy PLC (HUR)
Withdrawal of Requisition of General Meeting
https://www.investegate.co.uk/hurricane ... 48105778M/
it has received written confirmation from Crystal Amber Fund Limited ("Crystal Amber") that it has withdrawn its requisition notice to convene a general meeting to consider its proposals announced by the Company on 23 December 2022.

Today 13:14 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on January 12, 2023
https://www.investegate.co.uk/s.n.g.n.- ... 14095759M/
At the OGMS meeting held on September 13, 2022, seven interim members of S.N.G.N. ROMGAZ S.A. BoD were appointed, mandate term being set at four (4) months, starting with September 15, 2022 and ending on January 15, 2023.

Today 11:00 United Oil & Gas PLC (UOG)
Price Monitoring Extension
https://www.investegate.co.uk/united-oi ... 00235564M/
https://uk.finance.yahoo.com/quote/UOG.L/chart
On the day it's ended up 5% but at one point spiked up to +17%. Over the last 2 weeks it's down -24.4%.

Today 09:35 Ming Yang Smart Engy (MYSE)
ANNOUNCEMENT ON THE RESIGNATION OF DIRECTOR
https://www.investegate.co.uk/ming-yang ... 35555396M/
received the written resignation letter from Mr. Han Yu, a non-independent director of the Company on January 12 , 2023 . Mr. Han Yu resigned as a director of the second session of the board of directors of the Company due to personal reasons.

Today 07:55 TotalEnergies SE (TTE)
Biogas in France: TotalEnergies commissions BioBéarn, the country’s largest anaerobic digestion unit
https://www.investegate.co.uk/totalener ... 5500Z9320/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has launched its eighteenth biogas production unit1 in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh).
Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding its first cubic meters of biomethane – a renewable, decarbonized and locally produced gas – into the natural gas transmission network operated by Téréga. It will produce 69 GWh in 2023 and then ramp up progressively to keep pace with the rapidly growing demand for biogas.
The project, which illustrates TotalEnergies' commitment to promoting the circular economy, will convert 220,000 metric tons of organic waste into 200,000 metric tons per year of digestate, a natural fertilizer, and 160 GWh of biomethane, equivalent to the average annual consumption of 32,000 people. BioBéarn will enable the Lacq basin, a historical gas area, to pursue a local and sustainable growth, this new unit allowing to avoid the emission of 32 000 tons of CO2 per year.

Today 07:00 Pharos Energy PLC (PHAR)
Trading and Operations Update January 2023
https://www.investegate.co.uk/pharos-en ... 00034623M/
This is in advance of the Company's Preliminary Results on 22 March 2023....2022 saw strong cash generation, allowing us to make returns to shareholders through a share buyback programme which will now be extended with a further $3m allocated. We are also fully aware of the importance of regular dividends to much of our investor base, and look forward to making the first payment under the dividend policy announced in September as a key part of our overall commitment to returning value. Our asset investments are made where we can generate a combination of near-term cash flow and longer-term value from our portfolio. In Egypt, we continue to engage with IPR as the Operator to optimise the work programme of both the El Fayum and the North Beni Suef Concessions and we remain fully carried for the first part of the year. In Vietnam, we are focused on sustaining cash generation through development drilling, and further work to enhance value is ongoing. On the TGT and CNV production licences, we are working with partners to refresh our field development plans and extend licence periods. Finally, the scale of the opportunity on Block 125 is becoming clearer as more work is done on it and we are pushing forward with the plans for drilling here, now expected to be in 2024."
· Group working interest 2022 production 7,166 boepd net 1 (2021: 8,878 boepd net, 7,533 boepd net on a comparative basis1), in line with production guidance;:
- Vietnam 2023 production guidance 4,700 - 5,700 boepd net
- Egypt 2023 production guidance 1,350 - 1,800 bopd net (equivalent to gross production of 3,000 - 4,000 bopd)...
On Block 125, the 3D seismic processing is complete and the ongoing interpretation of this data has resulted in the mapping of a variety of world class Prospects in this relatively unexplored basin, with further work needed to refine them into "drill-ready" status.
The analysis of the 2D seismic shot in 2019 indicated prospectivity in both the shallow and deeper water, and the ongoing interpretation of the 3D has highlighted greater prospectivity in the deeper water section given the scale of the Prospects identified.
We had planned to drill a well on this block in 2023 but the current focus on the deeper water means that a drillship is needed to drill this well and we have been unable to source one for 2023 on acceptable terms. We have therefore submitted an application for an extension of the PSC and plan to drill a well in Q2/Q3 2024....
The recent global macroeconomic volatility has seen both a significant devaluation of the Egyptian Pound and continued restrictions on outgoing US Dollar (USD) transfers by the Central Bank of Egypt.....
The International Monetary Fund (IMF) recently announced that its Executive Board had approved the provision of a $3 billion, 46-month extended fund facility to Egypt, which the IMF expects to catalyse additional financing of approximately $14 billion from Egypt's international and regional partners. In addition, Egypt is seeking access to up to a further $1 billion from the IMF's newly created resilience and sustainability facility to support climate-related policy goals. Taken together, these developments are widely anticipated to improve Egypt's FX reserves and overall liquidity in H1 2023. We therefore remain optimistic that outstanding receivables with EGPC will start to be recovered during 2023.

Today 07:00 Wood Group (John)PLC (WG.)
Full year trading update
https://www.investegate.co.uk/wood-grou ... 00034604M/
o Results for FY22 in line with guidance for revenue, adjusted EBITDA and net debt
o Strong underlying revenue growth in 2022, led by Operations and Consulting with a return to growth in H2 in Projects...
· Revenue around $5.4 billion : underlying revenue growth at constant currency of around 8%. Reported revenue up 3%, including an adverse impact of around $275 million from foreign exchange rate movements. Growth in Consulting and Operations was offset by the expected full year decline in Projects
· Adjusted EBITDA around $375 million to $385 million : in line with guidance and includes an adverse impact of around $15 million from foreign exchange rate movements
· Adjusted EBITDA margin around 7.1% compared to 7.7% last year. This includes the impact of the previously guided lower margin in Operations, and a lower margin in Consulting that partly reflects the impact from exiting work in Russia
· Net debt (excl. leases) at 31 December 2022 around $350 million to $400 million2,3 - within our guided range
· Order book at 31 December 2022 of around $6 billion with the order book for delivery in 2023 up by around mid to high single digit percentage on the position a year ago
As usual, we will give financial guidance for FY23 alongside our full year results on 28 March 2023. We expect guidance for FY23 to be in line with our medium-term financial targets of adjusted EBITDA growth at mid to high single digit CAGR, with momentum building as our strategy delivers.As previously set out, we anticipate a material improvement in underlying operating cash flows in 2023 which will be outweighed in the short term by defined payments on legacy liabilities, before a return to positive free cash flow in 2024.
As guided at our Capital Markets Day in November 2022, there is an impairment risk around goodwill and intangibles on our balance sheet given the sale of Built Environment Consulting and movement in discount rates. Our impairment review will conclude for the full year results.

Today 07:00 Parkmead Group (The) (PMG)
New Gas Discovery in the Netherlands
https://www.investegate.co.uk/parkmead- ... 00024490M/
is pleased to announce the completion of drilling activities at the LDS-01 well in the Netherlands which has encountered gas columns in the primary target horizons. The well has been completed and is now ready for tie-in to production, which will follow the conclusion of the LDS-02 well.

Today 07:00 United Oil & Gas PLC (UOG)
Contingent Resources Report on the Maria Discovery
https://www.investegate.co.uk/united-oi ... 00034603M/
is pleased to announce the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates Limited ("GaffneyCline") on the Maria Discovery ("Maria"), in Licence P2519, located in the UK Central North Sea (CNS). United holds a 100% working interest in the licence.
- Mid-case 2C gross contingent resources for the Forties and Dornoch reservoirs of the Maria discovery are estimated at 6.3 mmbbls and 23.3Bcf (10.2 mmboe)
- The range of resources estimated at Maria ranges from 3.3 mmbbls and 13.2 Bcf (5.5 mmboe) in the 1C case to 11.1 mmbbls and 39.3 Bcf (17.7 mmboe) in the 3C case
The report highlights the value of our 100% interest in this late stage appraisal and development asset that has the potential to deliver significant near term value to our shareholders. We are making good progress on potential options to maximise shareholder value from this licence and will provide further updates in due course.


Today 07:00 Afentra PLC (AET)
Update on the Angolan Acquisitions
https://www.investegate.co.uk/afentra-p ... 00024537M/
it has received approval from the Ministry of Mineral Resources, Oil and Gas for the acquisition from INA-Industrija d.d. ("INA") of a 4% interest in Block 3/05 and 4% interest1 in Block 3/05A offshore Angola (the 'INA Acquisition') pursuant to a sale and purchase agreement between INA and Afentra's wholly-owned subsidiary, Afentra (Angola) Ltd, dated 19 July 2022. The Company is now working with INA to finalise the formal completion of this acquisition.
Afentra can now confirm that it has agreed with Sonangol to extend the long-stop date from 31 December 2022 to 31 March 2023 [on the SPA acquisition].

Today 07:00 Enwell Energy PLC (ENW)
Quarterly Operations Update
https://www.investegate.co.uk/enwell-en ... 00024539M/
Q4 production down 25% yoy, and year's production down 37.5%
"Although the situation in Ukraine continues to be extremely challenging, we are pleased that, with the resumption of production operations at the VAS field, we now have operational activity at both of our production assets. The adverse Court ruling regarding the SC licence is very disappointing but we are progressing appeal proceedings to challenge that ruling."

Today 07:00 OMV Petrom S.A. (PETB)
OMV Petrom Trading Update Q4 2022
https://www.investegate.co.uk/omv-petro ... 00035134M/
Production off 3.4% but price rises more than make up for that, and refining margins more than double yoy to $18.79.

Today 07:00 Caspian Sunrise plc (CASP)
Third Monthly Dividend Declaration
https://www.investegate.co.uk/caspian-s ... 00034389M/
the Company's January dividend, its third monthly dividend, will again total £1 million (approximately $1.22 million) and will be paid as follows: Dividend: 0.0444 pence/share

Today 07:00 i3 Energy PLC (I3E)
February 2023 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 00034448M/
i3 announces its monthly dividend totalling £2.040 million and confirms the following: Dividend: 0.171 pence/share

Today 07:00 Hydrogen Utopia Intl (HUI)
Director/PDMR Shareholding
https://www.investegate.co.uk/hydrogen- ... 00034564M/
Howard White has purchased 350,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 16.1277 per Ordinary Share as set out below. Howard White is an Executive Director of HUI.

Today 07:00 Vaalco Energy Inc (EGY)
Transaction in Own Shares
https://www.investegate.co.uk/vaalco-en ... 00024401M/
They bought back 350,832 shares at $4.270 = $1,498,097.62

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00034632M/
They bought back 125,000 shares at 74.61p = £93,263

Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00024541M/
They bought back 100,000 shares at 27.75p = £27,750

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00034621M/
They bought back 5,000 shares at 25p = £1,250

[Hallucigenia]

Echo's production up 25% yoy, all ticking along nicely. Whereas GMS have a customer gone bust owing them 5% of forecast EBITDA. Blencowe looking well-placed albeit at that stage where they have a nice project and no money, and need to work out offtake agreements for their graphite mine. Beacon report interims that are irrelevant with the Rhein acquisition happening.

Brent=$83.86(January)                WTI=$78.33(January,Brent-5.53)         Nymex gas=$3.68(January)
NBP  =167.42p(January,Nymex+16.75)   TTF=€69.000(February,Nymex+18.24)      JKM=$26.760(February,Nymex+23.08)

Today 07:00 Gulf Marine Services (GMS)
Trading Update
https://www.investegate.co.uk/gulf-mari ... 00025977M/
has been informed that one of its clients in Europe, World Marine Offshore A/S ("WMO"), has filed for bankruptcy. GMS' contract to support the construction and development of a major offshore wind farm in France was due to complete in Q1 2023.
GMS has outstanding receivables from WMO of approximately Euro 4 million....
GMS takes this opportunity to reconfirm its EBITDA guidance for 2023 of between USD 75 million and USD 83 million.

Today 07:00 Blencowe Resources (BRES)
Annual Results 30 September 2022 & Notice of AGM
https://www.investegate.co.uk/blencowe- ... 00015854M/
The Company completed a second diamond drill programme in 2021 which resulted in a JORC Mineral Resource upgrade in 1H 2022 up to 24.5Mt of graphite at a 6.0% in situ average grade. It must be noted that this JORC Resource has resulted from exploration on circa 1-2% of the estimated overall Orom-Cross deposit which illustrates how much graphite there is at site, and the incredible upside potential that exists to extend both mine life and production volumes in the years ahead. Further excellent metallurgical test work by SGS in Canada resulted in proving Orom-Cross can upgrade to a very pure concentrate around 96-97% LOI from the composite mix of the two deposits (Northern Syncline and Camp Lode) and equally importantly with high recoveries and low impurities....In the words of one of our key marketing consultants who has been closely involved in graphite for over 30 years, Orom-Cross displays one of the best concentrates he has ever seen...
Some of the highlights of this PFS included low overall operating costs (US$499/t FOB port), high weighted average selling price (US$1,307/t) and from these very healthy margins which delivered an NPV 8 of US$482M and an IRR 8 of 49%. The initial capital requirement for all plant and infrastructure to deliver this was reduced (from PEA/2021: US$80M) to US$62M
The Group has made a loss before tax of £1,085,474 for the year ended 30 September 2022 (2021: loss before tax of £694,726 )....At 30 September 2022 the Group had a cash balance of £346,994 (2021: £93,288)....As of October 2022, the Group has been able to raise £750,000, which will support the Group's financial position in the short term.

Today 07:00 Echo Energy PLC (ECHO)
Q4 2022 Production Update & Directorate Change
https://www.investegate.co.uk/echo-ener ... 00036032M/
During Q4 2022, net liquids production averaged 298 boepd whilst net gas production averaged 7.3 MMscf/d. Net daily production averaged 1,522 boepd during the quarter. The combined Q4 2022 oil and gas production levels were the highest quarterly levels achieved in 2022 and reflect the measures undertaken under the Company's Production and Infrastructure Enhancement Plan (the "Plan") to improve infrastructure. Liquids production during Q4 2022 was the ninth continuous quarter of production growth, and a 12% production increase over Q1 2022. Average liquids production over the course of 2022 was 278 bbls per day, 25% higher than that in the previous year... the Company is also looking at options to increase working capital availability which can be used for the benefit of accelerating production increases in early 2023 under the Plan. These production increases target the reactivation of a total of approximately 30 or more wells in Santa Cruz Sur which, when combined with the infrastructure upgrades under the Plan, could result in further increases to net production.

Today 07:00 Beacon Energy PLC (BCE)
Interim Results
https://www.investegate.co.uk/beacon-en ... 00015822M/
its half-yearly report for the six months ended 31 October 2022 [ - like it really matters with the Rhein takeover.]

Today 07:00 Wentworth Resources (WEN)
Vesting of LTIP, PDMR Dealings
https://www.investegate.co.uk/wentworth ... 00266602M/
On 3 January 2023, the performance period ended in respect of conditional rights over 2,485,621 ordinary shares in the Company granted to Katherine Roe, CEO (the "Award"). The Remuneration Committee has reviewed the extent to which the performance conditions applicable to the Award over the performance period have been satisfied, and confirmed that, 98.1% of the Award, representing 2,437,376 ordinary shares, vested. In addition, in accordance with the rules of the LTIP ("LTIP Rules"), the Committee determined to pay dividend equivalents on part of the Award and accordingly this will be satisfied by the payment of £104,448.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00036059M/
They bought back 194,726 shares at 74.37p = £144,818

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00025986M/
They bought back 26,929 shares at 23.3713p = £6,294

[Hallucigenia]

Catching up with the rest of Friday and ***Monday***
Looks like ACP have got themselves a deal in Venezuela, Clontarf give away half the company to fund their lithium adventures in Bolivia. Caspian Sunrise bounce on getting a contract for their rig.

Brent=$84.16(January)                WTI=$78.85(January,Brent-5.31)         Nymex gas=$3.63(January)
NBP  =136p(January,Nymex+12.96)      TTF=€55.454(February,Nymex+13.96)      JKM=$20.170(March,Nymex+16.54)

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00018894M/
They bought back 500,000 shares at 326.6844p = £1,633,422

Today 17:37 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 37018926M/
They bought back 3,562,103 shares at 483.646p = £17,227,959

Today 17:00 Trinity Exploration (TRIN)
Block Listing Return
https://www.investegate.co.uk/trinity-e ... 00058874M/
Trinity's Long Term Incentive Plan

Today 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z1802/
They bought back 2,739,109 shares at an average of €59.061 = £143,516,152

Today 16:35 Caspian Sunrise plc (CASP)
Price Monitoring Extension
https://www.investegate.co.uk/caspian-s ... 35268834M/
https://uk.finance.yahoo.com/quote/CASP.L/chart
On the day it's jumped +15.7% with a spike to +19%. Over the last 2 weeks it's up +22.6%.

Today 16:35 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 35188830M/
https://uk.finance.yahoo.com/quote/SOU.L/chart
On the day it's been in the usual range.

Today 14:49 Wentworth Resources (WEN)
Vesting of LTIP, PDMR Dealings - Replacement
https://www.investegate.co.uk/wentworth ... 49428762M/
The following amendment has been made to the 'Vesting of LTIP, PDMR Dealings' announcement released on 13 January 2023 at 07:00:26 under RNS No 6602M.
The total irrevocable undertakings given in connection with the Acquisition is 41,302,637 representing, in aggregate, approximately 23.14 per cent of the Company's issued share capital (excluding Treasury Shares).

Today 14:00 Caspian Sunrise plc (CASP)
Price Monitoring Extension
https://www.investegate.co.uk/caspian-s ... 00308726M/
https://uk.finance.yahoo.com/quote/CASP.L/chart
On the day it's jumped +15.7% with a spike to +19%. Over the last 2 weeks it's up +22.6%.

Today 13:40 PAO Novatek (NVTK)
NOVATEK Reports Preliminary Operating Data 2022
https://www.investegate.co.uk/pao-novat ... 40018661M/
In 2022, NOVATEK's hydrocarbon production totaled 638.9 million barrels of oil equivalent (boe), including 82.14 billion cubic meters (bcm) of natural gas and 11.9 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 12.6 million boe, or by 2.0% as compared with the twelve months 2021.
Preliminary 2022 total natural gas sales volumes, including LNG, aggregated 76.55 bcm, representing an increase of 1.0% as compared with the corresponding volumes in 2021. The natural gas volumes sold in the Russian Federation were 68.09 bcm, representing an increase of 0.3% as compared with the prior year period, whereas LNG volumes sold on international markets amounted to 8.45 bcm, representing an increase of 6.3%.

Today 11:24 Capricorn Energy PLC (CNE)
Investor Update Presentation
https://www.investegate.co.uk/capricorn ... 24298513M/
Following the publication on 13 January 2023 of Capricorn's combined prospectus and shareholder circular in relation to its proposed combination with NewMed Energy Limited Partnership, an Investor Update presentation has been made available on the company website.
The presentation is available here: https://www.capricornenergy.com/caprico ... ouncement/

Today 11:00 Caspian Sunrise plc (CASP)
Price Monitoring Extension
https://www.investegate.co.uk/caspian-s ... 00118464M/
https://uk.finance.yahoo.com/quote/CASP.L/chart
On the day it's jumped +15.7% with a spike to +19%. Over the last 2 weeks it's up +22.6%.

Today 11:00 Wildcat Petroleum (WCAT)
Price Monitoring Extension
https://www.investegate.co.uk/wildcat-p ... 00358470M/
https://uk.finance.yahoo.com/quote/WCAT.L/chart
On the day it's been in the usual range.

Today 09:30 Oil and Gas Devt Co (OGDC)
Draft Minutes of 13th EOGM
https://www.investegate.co.uk/oil-and-g ... 30148302M/
Enclosed please find a copy of draft minutes of 13TH Extraordinary General Meeting of the members of OGDCL held on November 30, 2022 at Islamabad
http://www.rns-pdf.londonstockexchange. ... 3-1-16.pdf
They and Pakistan Petroleum and the government are buying 25% of Tethyan Copper Pakistan.

Today 09:15 Zenith Energy Ltd (ZEN)
Credit Rating Upgrade
https://www.investegate.co.uk/zenith-en ... 15028191M/
is pleased to announce that BCRA Credit Rating Agency AD ("BCRA") has upgraded the Company's long-term issuer credit rating to 'B+ with Stable Outlook'....The BCRA report can be viewed here: https://bcra.eu/files/rating_zenith_jan_2023_en.pdf

Today 07:55 TotalEnergies SE (TTE)
TotalEnergies SE: Brazil: Launch of the Lapa South-West Project
https://www.investegate.co.uk/totalener ... 5500Z0903/
has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.
TotalEnergies operates the project with a 45% interest, in partnership with Shell (30%) and Repsol Sinopec (25%). Lapa South-West will be developed through three wells, connected to the existing Lapa FPSO located 12 km away and currently producing the North-East part of Lapa field since 2016.
At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.
This development represents an investment of approximately $1 billion.

Today 07:36 ACP Energy PLC (ACPE)
Signing of SPA and Suspension of Listing
https://www.investegate.co.uk/acp-energ ... 36167543M/
ACP Energy Plc (ACPE.L), a company formed to capture value accretive opportunities in the oil & gas industry, is pleased to announce that it has signed a Sale and Purchase Agreement ("SPA"), which is in line with the Company's stated strategy of identifying and acquiring hydrocarbon producing assets that are either in production or near to production.
The proposed acquisition is an equity interest being sold by [Venezuelan construction company] Vinncler C.A. which owns the producing assets, under technical service contracts, which are under development, and currently producing approximately 4,100 bopd, in a highly prolific basin in Latin America. The seller, a private company, is divesting a portfolio of assets to refocus its activities into areas that are closer to its primary production base. Further details on the assets will be provided as part of the relisting process.
If the Transaction is completed, it will constitute a reverse takeover under the Listing Rules.

Today 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30007526M/
on 13 January 2023, Persons Discharging Managerial Responsibilities ("PDMRs") were granted deferred bonus awards over ordinary shares of £0.05 each in the Company ("Shares"), relating to a performance related annual bonus earned for 2022, under the Pharos Energy plc 2014 Deferred Share Bonus Plan (the "DSBP") as follows:-

Today 07:00 Ashtead Tech Hldgs (AT.)
Year End Trading Update
https://www.investegate.co.uk/ashtead-t ... 00067522M/
The strong performance reported in H1 and Q3 2022 has continued into the final quarter of the year as the Company benefits from the breadth of its asset base and service offering, and high levels of activity across both the offshore wind and oil and gas markets. This has contributed to the extension of a number of projects and new contract wins, leading to the business trading strongly through the normally seasonally quieter Q4. Unaudited full year revenues are expected to be approximately £72.5m, up c.30% on the prior year on a reported basis. WeSubsea and Hiretech, both of which were acquired in Q4, contributed a combined c.£1m to reported revenues in 2022. Excluding acquisitions, revenue growth was c. 28% inclusive of 6% growth from favourable FX rates.
The Company's margins have benefited from strong pricing and utilisation, and are expected to be ahead of market consensus and H1 2022. As a result, adjusted EBITDA is expected to be modestly ahead with adjusted EBITA comfortably ahead of market consensus.

Today 07:00 Block Energy PLC (BLOE)
Q4 Operational Update
https://www.investegate.co.uk/block-ene ... 00067482M/
· Q4 production of 34.4 Mboe (Q3: 37.1 Mboe) or an average of 374 boepd
· Q4 revenue of $1,840,400 (Q3: $1,833,000)
Block made significant progress in the fourth quarter, which further strengthens our position and ability to deliver on the potential of our extensive assets in Georgia. In addition to another quarter of solid revenue generation, the Company was able to drive Projects I and II forward, while also creating exposure to material exploration upside at no cost, through the farmout. Meanwhile drilling of well WR-B01 Za is ongoing and progressing to plan. We look forward to providing further updates on our progress.

Today 07:00 Caspian Sunrise plc (CASP)
Tender Update
https://www.investegate.co.uk/caspian-s ... 00067517M/
The Board is pleased to announce that the Caspian Explorer, the Group's bespoke drilling vessel capable of drilling to depths of 6,000 meters from shallow water, has been advised it has won a tender to drill a deep well in the Caspian Sea, with the formal contract expected to be signed by the end of February 2023.... The charter rate is expected to be in excess of $150,000 per day with all mobilisation and demobilisation costs to be borne by IOC....Discussions with other parties continue with regard to a separate charter in 2023, which if successful would result in a further announcement.

Today 07:00 Clontarf Energy PLC (CLON)
£1.3 million Fundraising and Corporate Update
https://www.investegate.co.uk/clontarf- ... 00037327M/
the Company has raised £1,300,000 (before expenses) via the placing of, and subscription for, 2 billion new ordinary shares 0.01p each in the Company ("Ordinary Shares") (the "Placing Shares"), via several Australian based brokers, at a price of 0.065p per Placing Share (the "Placing"). The Placing Shares represent approximately 45.76% of the Company's issued share capital as enlarged by the Placing....
· The Company's September 2022 auger campaign on six priority medium-sized salt-lakes in Bolivia yielded lithium grades in all samples taken. Its recent near-surface sampling from auger samples included results of 1,420 mg/l at one target salt-lake, and 1,010 mg/l at another. The overall grade averaged 211 mg/l. Future drilling will identify the priority brine zones to be tapped, subject to all necessary permitting and applicable laws, and funding....at the request of the Bolivian authorities in 2021, Clontarf Energy plc has sought out market leading technologies capable of delivering high purity lithium salts, with minimum deleterious impurities. After an exhaustive search, we are optimistic that one such ionic separation technology may provide a breakthrough in volume processing of the large-scale brines available in Bolivian salt-lakes. Accordingly, Clontarf Energy plc is finalising a Heads of Agreement with a potential DLE processing partner on establishing a Joint Venture to exploit all available brines in Bolivia, subject to, inter alia, necessary government approvals.

Today 07:00 Coro Energy PLC (CORO)
2022 Italian Production & Corporate Update
https://www.investegate.co.uk/coro-ener ... 00067484M/
As announced on 24 August 2022, the Company has granted an option to Zodiac Energy plc to purchase the Italian portfolio for a remaining €5.7 million (having received a non-refundable €0.3 million upon award of the option). The option period expires towards the end of March 2023 and current activity is focused on finalising the SPA. The Company retains full ownership and cash flows from the Italian portfolio prior to completion of the disposal....
Production from the Italian portfolio continued in line with expectations during Q4 2022, following record quarterly revenues in the preceding quarter, with a total of 1.37 million Scm of natural gas produced during Q4 2022. Production from the Italian portfolio during 2022 is summarised below...
Further to the Company's announcement on 25 November 2022, the Company continues to negotiate its second new build rooftop solar project and work through due diligence on the previously announced acquisition of an energised 3.25MW rooftop solar portfolio close to Saigon.
The Company announced on 12 October 2022 that it expected to apply for the Philippines Department of Energy's Wind Energy Service Contract ("WESC") in respect of an area of interest for the onshore Oslob Wind Power Project in Oslob, Cebu in November 2022. The application was filed on 18 November 2022 and the Company has now been advised that the application for the WESC has passed all of the technical and legal criteria. However, the application has been rejected on a technicality relating to the under-capitalisation of the local Philippine subsidiary responsible for the application. Coro intends to capitalise the local subsidiary as required and resubmit the application.

Today 07:00 Quadrise Fuels Intnl (QFI)
Business Update
https://www.investegate.co.uk/quadrise- ... 00047396M/
· Morocco - Following previously reported delays, the bioMSAR™ fuel arrived at the client site during December. The MSAR® fuel is currently at Moroccan customs, awaiting final clearance. Quadrise visited the client site earlier this month to progress the engineering set-up and to expedite the project actions once Moroccan customs have been cleared. We anticipate that the remaining logistical issues will be resolved this month so that the trial can then proceed as planned. Quadrise expects a successful trial to be followed thereafter by discussions to conclude a commercial fuel supply agreement in H1 2023 as planned.
· Utah - Commercial discussions for the supply of a license and manufacturing unit to enable Valkor to produce MSAR® and bioMSAR™ are progressing well, with the Company working towards execution of definitive agreements in Q1 2023.
· MSC - Completion of MSC's vessel preparations for the Proof of Concept and Letter of No Objection trials are now scheduled for Q2 2023.

Today 07:00 Upland Resources Ltd (UPL)
Sarawak Update
https://www.investegate.co.uk/upland-re ... 00067497M/
Investors may also view details related to the Sarawak SK334 JTS workstream in the form of a Monthly Progress Report at the following link:
https://uplandres.com/presentations/
The Company notes within block SK334 a number of areas of specific interest with analogous geological configuration and reservoir/trap/seal combinations as Brunei's nearby Belait formation which is host to a number of proven oil and gas discoveries and oilfields. All parts of the Belait structure connect with potential oil kitchens on both flanks in the Badas and Belait synclines; Upland's SK344 block being immediately adjacent to the Belait syncline is determined to have extremely attractive prospectivity.  

Today 07:00 Blencowe Resources (BRES)
Final Metallurgical Testing Programs
https://www.investegate.co.uk/blencowe- ... 00067501M/
· 20kgs of concentrate sent by air to technical experts Wuhan University of Technology ("WUT") in China to begin final metallurgical test procedure.
· This concentrate is the end product recently produced by IMO in Perth, which demonstrated high grade and low impurity chemical characteristics.
· Preliminary testing on the 20kg sample to commence immediately in China ahead of 100-tonnes bulk sample studies, which will be sent to China in the near term.
· Additional 5kgs of concentrate sent to leading US graphite technical firm American Energy Technologies Co. ("AET Co") for SPG and expandables testing and to confirm Orom-Cross concentrate further upgrades efficiently to a >99.95% battery grade product.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd - Investor Q&A
https://www.investegate.co.uk/falcon-oi ... 0000H7170/
Philip O’Quigley, Falcon’s CEO, will conduct a Q&A via the Investor Meet Company platform on 18 January 2023 at 4:00pm London time.

Today 07:00 Hydrogen Utopia Intl (HUI)
Warrant Exercise
https://www.investegate.co.uk/hydrogen- ... 00057448M/
announces that it has received notice exercising all of the warrants to subscribe for 1,200,000 new ordinary shares of 0.1p each in the Company it has received notice exercising all of the warrants to subscribe for 1,200,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") issued to the Company's broker, Novum Securities Limited, at the time of the Company's listing on the AQSE Growth Market in January 2022.

Today 07:00 Invinity Energy Sys (IES)
MoU with Dawsongroup for UK Battery Rentals
https://www.investegate.co.uk/invinity- ... 00067512M/
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage , is pleased to announce that it has signed a non-binding Memorandum of Understanding ("MoU") with Dawsongroup Power Solutions Limited, part of Dawsongroup plc, a leading commercial asset rental business operating across the UK and EU, with the intention of appointing Dawsongroup as Invinity's exclusive partner for the UK equipment rental market. 
Dawsongroup has also purchased a 0.22 MWh Invinity VS3 battery which will be installed at the company's headquarters in Milton Keynes, UK later this year.

Today 07:00 Mosman Oil & Gas (MSMN)
Cinnabar-1 pipeline completed & regular oil sales
https://www.investegate.co.uk/mosman-oi ... 00068033M/
the pipeline connecting the recently drilled Cinnabar-1 well to the existing production facility in Texas has been completed....The Cinnabar-1 well has been producing since 29 December 2022 with average oil production of 128 barrels of oil per day (bopd).

Today 07:00 PetroTal Corp. (PTAL)
2023 Capital Investment Budget of US$125 million
https://www.investegate.co.uk/petrotal- ... 00068021M/
is pleased to announce a fully funded 2023 capital investment program of $125 million that is expected to generate significant after-tax, pre debt service free cash flow of $55 million in 2023. Combined with the year-end 2022 cash balance of over $100 million, other working capital inflows, and contracted 2023 cash inflows of $57 million from Petroperu, the Company expects to have approximately $240 million of available cash to repay the Company's debt, accrued interest, and initiate a capital return program to shareholders through a combination of share buybacks and dividends. All amounts are quoted in US dollars....
· Generate EBITDA of $220 million, based on the forward strip price of Brent oil for 2023 (at Dec 30, 2022), representing an average of $84/bbl...
PetroTal forecasts an average production and sales range of 14,000 bopd to 15,000 bopd for 2023. The production forecast considers a 5% social unrest driven downtime assumption, no access to the ONP, a constrained dry low river season (starting in mid Q3 2023 running until mid Q4 2023), and a barge route normalization period in January 2023. Current production in the field from January 8 to 14, 2023 has averaged 11,506 bopd as barge transportation routes have started to normalize from extensive December 2022 backlogged oil loadings.
The Company is anticipating total Operating Expenses ("OPEX") to be under $9.00/bbl for 2023. Expected fixed and variable OPEX run rates have increased over 2022 levels, due to a higher producing well count, power needs and inflation pressures. Materially offsetting these increases are significant savings on barging, diluent, and COVID-19 costs compared to prior years.

Today 07:00 Prospex Energy PLC (PXEN)
Issue of Equity
https://www.investegate.co.uk/prospex-e ... 00037287M/
it has received a notice to convert an aggregate of £30,813.20 in two convertible loan notes in exchange for the issue of 725,017 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") and a notice for the exercise of share options previously issued to subscribe for 850,400 new Ordinary Shares. The abovementioned convertible loan notes were issued in July 2022 and are convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.

Today 07:00 ThomasLloyd Energy ()
Completion of Final SolarArise Acquisition
https://www.investegate.co.uk/thomasllo ... 00057432M/
Further to its announcement on 21 June 2022...it has successfully completed the acquisition of the remaining 57% economic interest in SolarArise India Projects Private Limited ("SolarArise"), taking its total ownership to 100%. The consideration of US$38.5 million was funded from existing cash resources. SolarArise is a Delhi based renewable energy platform which owns seven solar power projects in India with capacity totalling 434 MW, of which 234 MW is operational and 200 MW is construction-ready. 100% of SolarArise's operating revenues are generated under 25-year fixed price government or quasi-government power purchase agreements. The initial acquisition of 43% in SolarArise was completed in August 2022.

Today 07:00 Tower Resources PLC (TRP)
Institutional Placing of up to US$6 million
https://www.investegate.co.uk/tower-res ... 00067498M/
is pleased to announce the completion of an institutional placing (the "Placing") to Energy Exploration Capital Partners, LLC...The Placing will initially raise US$1,250 ,000 as a placing to the Placee of new ordinary shares (with nominal value of 0.001p each) in the Company ("Shares") worth US$1,362,500. Following the initial placing, the Placee will invest, at the request of the Company, up to US$1,750,000 in the aggregate for Shares worth US$1,907,500 in the aggregate, no earlier than three months and no later than eight months after the initial placing (such period, the "Commitment Period", and collectively, such investments, the "Second Placing"). If required by the Company, a further US$3,000,000 may be raised from the Placee for Shares worth an equivalent amount, with the Placee's consent....
The Placement Price of the Placing Shares will initially be equal to 0.36p per Share, representing a premium of approximately 130% to the closing price of Tower's Shares on 13 January 2023. Subject to the Floor Price described below, the Placement Price will reset after the initial month to the average of the five daily volume-weighted average prices selected by the Placee during a specified period immediately prior to the date of the Placee's notice to issue Placing Shares, less an 8% discount, rounded down to the nearest fiftieth of a pence.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00067486M/
They bought back 171,682 shares at 74.32p = £127,594

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00067525M/
They bought back 8,071 shares at 23.51p = £1,897

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00017378M/
They bought back 229,069 shares at 318.9p = £730,501

Friday 17:55 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5550H7182/
They bought back 590,118 shares at £24.429 = £14,415,757

Friday 17:42 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 42177397M/
They bought back 3,571,978 shares at 484.473p = £17,305,253

Friday 17:36 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 3600Z0403/
A total number of 2,808,963,970 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares (referred to as 'theoretical voting rights')

Friday 15:43 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 43057266M/
They bought back 40,000 shares at 108p = £43,200

Friday 14:11 Capricorn Energy PLC (CNE)
Publication of a Prospectus
https://www.investegate.co.uk/capricorn ... 11267207M/
the Financial Conduct Authority (the "FCA") has today approved Capricorn's combined prospectus and shareholder circular (the "Combined Document") in relation to its proposed combination with NewMed Energy Limited Partnership ("NewMed") (TLV: NWMD) (the "Combination"). The Combined Document will be sent or made available to Capricorn's shareholders shortly.
The Combined Document contains further information on the Combination and a notice convening a general meeting of Capricorn's shareholders at The Sheraton Grand Hotel, 1 Festival Square, Edinburgh EH3 9SR at 9.00 a.m. on 1 February 2023 (the "General Meeting") to consider and approve the Combination.

Friday 12:29 Coro Energy PLC (CORO)
Issue of Equity and Total Voting Rights
https://www.investegate.co.uk/coro-ener ... 29287096M/
further to the successful restructuring of the Company's Luxembourg listed EUR 22.5m 10% secured notes (the "Notes") as announced on 11 April 2022, the holders of the Notes have elected by the requisite majority to receive interest payments on the Notes in relation to the quarter to 12 January 2023 in new ordinary shares [~1%]

Friday 11:03 Pantheon Resources (PANR)
Confirmation of Upcoming Webinar
https://www.investegate.co.uk/pantheon- ... 03527010M/
management will be hosting a Shareholder Presentation and Q&A session ("Webinar") at 5:30pm GMT on Tuesday 24 January 2023, which will be open to all shareholders and interested parties.
In this Webinar the management team will provide an update on the Alkaid #2 well.

Friday 07:52 TotalEnergies SE (TTE)
Commissioning of the Floating LNG Regasification Unit Delivered by TotalEnergies to Lubmin Terminal in Germany
https://www.investegate.co.uk/totalener ... 5200Z9928/
announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place tomorrow, attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG, will make the Company one of Germany’s main LNG suppliers.
In December 2022, TotalEnergies delivered the Neptune – one of the Company's two floating storage and regasification units) – to Deutsche Regas. The vessel has an annual regasification capacity of 5 billion cubic meters of gas, enough to cover about 5% of German demand.
Following Deutsche Regas’s open season procedure, in October 2022, TotalEnergies also contracted regasification capacity of 2.6 billion cubic meters of gas per year and began to deliver LNG from its global integrated portfolio to the Lubmin terminal....
Since the beginning of this crisis, TotalEnergies has mobilized its LNG portfolio, which is broad and flexible, to send available LNG to Europe and to use its 18 Mt/y regasification capacity. Thanks to the start-up of the Lubmin terminal, TotalEnergies will be able to add to this effort and increase its imports to Europe to over 20 Mt/y, or about 15% of the continent’s regasification capacity.

[Hallucigenia]

And today...
Genel see production declines, UOG offload Maria at a useful profit to Quattro at the second time of asking with Quattro to be bought by Jesmond Capital in Toronto. Borders lay out their plans for developing Darwin, Egdon's AGM update is making the usual bullish noises, Hydrogen Utopia have a MOU for Poland.

Brent=$84.57(January)                WTI=$79.19(January,Brent-5.38)         Nymex gas=$3.76(January)
NBP  =136.76p(January,Nymex+12.92)   TTF=€56.705(February,Nymex+14.22)      JKM=$20.170(March,Nymex+16.41)

Today 07:00 United Oil & Gas PLC (UOG)
APA Signed - Conditional Sale of Maria Discovery
https://www.investegate.co.uk/united-oi ... 00049036M/
it has entered into a binding Asset Purchase Agreement ("APA") with Quattro Energy Limited ("Quattro") to sell UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e ("the Licence") for a maximum consideration including contingent bonus payments of up to 5.7 million (c.US$6.95 million) ...
- Initial cash payment of 2.45 million to United (c.US$3 million) at completion.
- An additional £1.0 million to be paid to United upon approval of an FDP (expected late 2023) for Block 15/18e.
- Contingent bonus payments of up to £2.25 million upon reaching gross production thresholds from the field of three, four and five million barrels...
Following completion of this transaction, the Company will consider options to use a portion of the proceeds received to fund a limited share buyback programme and therefore intends to seek the requisite shareholder approvals at this year's Annual General Meeting to approve such a programme. The funds not used on the buyback programme will further strengthen the Group's balance sheet and support the growth strategy of the Group.
United was awarded Licence P2519, in the UK Oil and Gas Authority ("OGA" now known as NSTA) 32nd Licencing Round in December 2020. Licence P2519 includes the Maria Discovery in Block 15/18e. United holds a 100% equity interest and it has a carrying value of c.£0.7million (c.US$0.85 million) as at 31 December 2022 (as per the Company's unaudited management accounts). The Licence has an independently audited mid-case 2C gross contingent resource estimate of 6.3 mmbbls and 23.3Bcf (10.2 mmboe). The Licence was formerly subject to a disposal to Quattro which did not complete as per the announcement on 3 March 2022.
Quattro is a UK company, incorporated in April 2021 with an experienced North Sea focused management team, which as separately announced today is entering into a binding agreement to be acquired by Jesmond Capital Ltd ("Jesmond"), a Canadian company listed on the Toronto Stock Exchange (TSXV JES.P). In conjunction with the acquisition of Quattro by Jesmond and listing of the enlarged entity on the TSXV, the parties will be conducting a financing which is required by them to fund the completion of the acquisition of the Licence.

Today 07:00 Borders & Southern (BOR)
Operations Update / New Investor Presentation
https://www.investegate.co.uk/borders-- ... 00038882M/
The Company has designed a phased development concept for its large gas condensate discovery (Darwin), located to the south of the Falkland Islands and had it validated in a new independent engineering study by an international engineering consultancy. The objectives were threefold: to generate a production profile that would require relatively low initial capital expenditure; to deliver accelerated payback; and to allow expansion of the production profile from free cash flow. We believe this has been achieved, and in this regard, an updated investor presentation will be uploaded to the Company's website giving further details of this development concept. The material points are highlighted below.
The preliminary development would focus on Darwin East. Assuming appraisal well flow rates meet reservoir modelling expectations, then initial production of 26,000 bpd could be achieved from two production wells and one gas injector well. The recently commissioned independent facilities engineering report validated the development concept, confirming that a conventional FPSO development concept could be utilised, typical of global deep water petroleum field developments. The proposed subsea components and topsides processing technologies would all be standard industry technology. The report also provided up to date cost estimates, per the below.
Assuming the FPSO is leased, the capital requirement, excluding contingency, for the drilling, subsea, and project costs is estimated to be approximately $640 million. Based on Management's scoping study economic modelling, payback could be achieved within two years of first production (assuming $60/bbl oil price). This changes to one year with a $90/bbl oil price. The project economics are positively impacted by the high-quality reservoir with favourable fluid properties that does not require a large number of development wells, the application of a conventional FPSO development and the attractive fiscal terms set by the Falkland Islands Government.
Following the initial exploitation phase, project expansion could occur from free cash flow by drilling further production wells on Darwin East and the full development of Darwin West. Several options have been identified that could, subject to certain assumptions, elevate production towards 70,000 bpd.

Today 07:00 Egdon Resources PLC (EDR)
AGM Business Update
https://www.investegate.co.uk/egdon-res ... 00049005M/
is pleased to provide the following business update ahead of its Annual General Meeting ("AGM"). The AGM will be held at the offices of Norton Rose Fulbright, 3 More London Riverside, London, SE1 2AQ at 11.30 am today...
The Company's revenue continue to be strong with unaudited revenue for the five-month period from August to December 2022 of £3.08 million (2021: £2.07 million)....
Wressle
· Cumulative oil production of more than 341,100 barrels to 12 January 2023, with no water
· Current daily production rate of approximately 825-850 barrels of oil per day ("bopd"), however, a daily rate of in excess of 1,000 bopd was achieved in late December 2022, following a four day shut-down
· Three microturbines have been delivered to site and installation and commissioning is ongoing
· The microturbines will generate all site electricity and are expected to enable up to a 20% uplift in oil production
· 3D seismic reprocessing completed and new field interpretation being finalised to confirm final target locations for future appraisal and development drilling
· New Competent Persons Report to be commissioned incorporating the new field interpretation and exceptional production performance
· Planning and permitting process for Penistone Flags development has commenced
· Drilling of a Penistone Flags development well is planned for H2 2023, subject to receipt of regulatory and planning consents
Keddington
· Reprocessing of existing 3D seismic data currently being finalised to inform final sub-surface location for a side-track well to target around 160,000 barrels of incremental oil production
· Planning consent and permits in place to enable drilling during H2 2023
Avington
· All planning conditions have been discharged and the operator is planning to restart production during H1 2023
An updated corporate presentation, including updates as detailed above, will be made following the AGM and will be available on the Company's website at www.egdon-resources.com

Today 07:00 Union Jack Oil PLC (UJO)
Operational Update
https://www.investegate.co.uk/union-jac ... 00038897M/
notes a positive project update published today by Egdon Resources plc ("Egdon") in respect of projects in which the Company holds economic interests.

Today 07:00 Europa Oil & Gas (EOG)
Wressle Update
https://www.investegate.co.uk/europa-oi ... 00059061M/
notes the positive Wressle production and operational update published today by Egdon Resources plc

Today 07:00 Genel Energy PLC (GENL)
Trading and operations update
https://www.investegate.co.uk/genel-ene ... 0010EOULH/
Net production of 30,150 bopd in 2022 (31,710 bopd in 2021), and 29,600 bopd in Q4, in line with guidance
$473 million of cash proceeds were received from the KRG in 2022 (2021: $281 million)
Higher Brent oil price of $101/bbl in 2022 ($71/bbl in 2021)
$124 million received relating to Tawke PSC override payments
$94 million received for deferred receivables relating to unpaid oil sales from November 2019 to February 2020 and the suspended override from March to December 2020
Capital expenditure of $140 million, slightly below guidance due to the deferral of a well at Taq Taq and lower than budgeted spend at Sarta
 $74 million at Tawke PSC, and $47 million at Sarta
Free cash flow of $233 million ($86 million in 2021)
Dividends totalling 18¢ per share paid in 2022 (2021: 15¢ per share), a total distribution of $50 million
Cash of $495 million at 31 December 2022 ($314 million at 31 December 2021)
Excludes $64 million which was due for payment in 2022 
Net cash under IFRS of $228 million at 31 December 2022 ($44 million at 31 December 2021)
Total debt of $274 million at 31 December 2022 ($280 million at 31 December 2021)
Production in 2023 is expected to be 27-29,000 bopd, with similar operating expenditure to last year of c.$50 million, equating to c.$5/bbl
Material reduction in capital expenditure, with 2023 expenditure expected to be between $100 million and $125 million, with key asset spend including:
Production business cost recoverable capital expenditure roughly flat at c.$90 million
Up to c.$25 million expenditure in Somaliland, as we progress towards the spudding of the Toosan-1 well in this frontier basin
c.$10 million currently expected on maintenance of other assets including Sarta, a reduction of c.$50 million on 2022
Genel is committed to our material and sustainable dividend programme. The dividend is currently at 18¢ per share, equating to $50 million, which we expect to be covered by free cash flow in 2023
Somaliland
Preparation continues for the drilling of the Toosan-1 well on the highly prospective SL10B13 block (51% working interest and operator)
The Toosan prospect contains stacked Mesozoic reservoir objectives, with multiple individual prospective resource estimates each ranging from 100 to 200 MMbbls
The geotechnical survey has now completed as we progress towards construction of the well pad. Environmental and social impact assessments are underway, and tendering has commenced for the rig and well services
Genel continues to target a spud date in the next 12-18 months, acknowledging the challenges of operating in such a frontier area with limited existing infrastructure

Today 07:00 Hydrogen Utopia Intl (HUI)
Proposed Development with Romgos Grupa in Poland
https://www.investegate.co.uk/hydrogen- ... 00059062M/
it has signed a memorandum of understanding ("MOU") with Romgos Gwiazdowscy sp. z o.o. ("Romgos Grupa") under which the parties have agreed to work together to deploy HUI facilities in Poland and Europe....Romgos Grupa has agreed to provide funding amounting in total to PLN 3 million through contributing an appropriate property interest upon which to construct an HUI facility and to provide cash investment funding to cover the costs of obtaining the relevant environmental consents or permits or construction permits for a special purpose vehicle ("SPV") established for the purpose of constructing an initial HUI facility.

Today 07:00 PressureTechnologies (PRES)
Appointment of Chief Financial Officer
https://www.investegate.co.uk/pressuret ... 00069054M/
is pleased to announce the appointment of Steve Hammell as Chief Financial Officer (CFO) of the Company. He will join the Company and Board in the second quarter of this calendar year.
Steve is currently CFO of Sheffield Forgemasters International Ltd

Today 07:00 Hunting PLC (HTG)
Appointment of Joint Corporate Broker
https://www.investegate.co.uk/hunting-p ... 00068564M/
today announces the appointment of Jefferies International Limited as the Company's joint corporate broker, to work alongside RBC Capital Markets, with immediate effect.

Today 07:00 Aquila Energy Effcn. (AEET)
Change of Name of Company Secretary
https://www.investegate.co.uk/aquila-en ... 00048976M/
following the acquisition by Apex Group of Sanne Group, the name of the Company's Administrator and Company Secretary has changed from Sanne Fund Services (UK) Limited to Apex Listed Companies Services (UK) Limited with immediate effect.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00059043M/
They bought back 159,362 shares at 73.43p = £117,020

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00048975M/
They bought back 50,000 shares at 22.749p = £11,375

[Hallucigenia]

[Investegate have changed something that has broken my script, will take some time to unbreak it....]

[88V8]

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.

Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Operational, Corporate & AGM Update
https://www.investegate.co.uk/gulf-keys ... 0004EFDSL/
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....

And three months later, the Kurdish govt has not yet paid GKP for 4Q22 production, and Iraq has been awarded $1.4bn in damages against Turkey for exporting Kurdish oil with Iraqi permission, in response to which Turkey has shut the pipeline so GKP and others cannot export their oil. The verdict was issued by the International Chamber of Commerce in Paris last Thursday, against the independent crude oil exports of the Kurdistan Region through Turkey, based on which the Iraqi federal government should be the only party in charge of oil exports through Turkey's Ceyhan port.

The SP has fallen around 25% and the dividend must now be in doubt.

As Hallucigenia commented elsewhere, GKP might be a good parking place for 2% of one's portfolio, but not 10%.

V8

[PeterGray]

"A delegation from the oil ministry will travel to Turkey soon to meet energy officials to agree on new mechanism to export Iraq's northern crude oil in line with the arbitration ruling," a second oil ministry official said.

Iraq will discuss with the relevant authorities ways to ensure the continuation of oil exports through Ceyhan and state-owned SOMO's obligations with oil companies, Iraq's oil ministry said in a statement.

I think the current assumption is that the shut in is temporary, while new arrangements that comply with the ruling are put in place. Iraq receives revenue from Kurdish oil sales, they will want them restored quickly.