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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 2618
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#497612

Postby Hallucigenia » April 30th, 2022, 2:00 am

Gah, just as you think you can go to bed, it turns out something else has been changed at the data provider's end...

There's a real end-of-term feel today, lots of brokers have got all the complicated stuff of results out of the way so today is a day for doing all the niggly paperwork like TVRs and AGM dates to get them out of the way before a pre-Bank-Holiday trip to the pub. I guess Baron's placing is the big news, to fund Timor-Leste ahead of a farmout and ditto the North Sea, also results from Petrom and Cadogan, who note that it's been "a challenging year" but would still like you to farm into some licences in Ukraine. Prospex continue to make a mint out of their Spanish power plant.
Brent=$107.14(May)              WTI=$104.11(May,Brent-3.03)    Nymex gas=$7.25(May)   
NBP =163.68p(May,Nymex+13.32) TTF=€99.450(June,Nymex+23.49) JKM=$24.530(June,Nymex+17.28)

Today 16:35 Pharos Energy PLC (PHAR)
Total Voting Rights
https://www.investegate.co.uk/pharos-en ... 35077482J/
As at 29 April 2022, the Company's issued share capital consisted of 451,727,369 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury.

Today 16:00 Hunting PLC (HTG)
Report on Payments to Governments
https://www.investegate.co.uk/hunting-p ... 00079281J/
consolidates payments made by Tenkay in relation to 15 operating oil and gas fields which have made payments to the US government in the year and in which the business had an interest during the reporting period. Tenkay's business model has been to hold small equity or working interests in oil and gas assets across the US. £245k.

Today 15:35 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 3524PF845/
ROBIN WATSON incentive plan

Today 15:00 Energean PLC (ENOG)
Block listing Interim Review
https://www.investegate.co.uk/energean- ... 00049232J/
Energean 2019 Deferred Bonus Plan

Today 15:00 Energean PLC (ENOG)
Notice of AGM
https://www.investegate.co.uk/energean- ... 00049241J/
The Company's 2022 Annual General Meeting will be held at the offices of Norton Rose Fulbright LLP, 3 More London Riverside, London, SE1 2AQ on Thursday 26 May 2022 at 11 a.m. (BST).

Today 15:00 EnQuest PLC (ENQ)
Report on Payments to Govts
https://www.investegate.co.uk/enquest-p ... 00049268J/
$51.5m Malaysia, $11.8m UK

Today 14:57 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5700P3A81/
ROBIN WATSON SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN

Today 14:56 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5600P00A0/
ROBIN WATSON AWARD OF CONDITIONAL SHARES UNDER THE TERMS OF THE WOOD 2021 ANNUAL BONUS PLAN

Today 14:55 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5500PC0A1/
CFO DAVID KEMP AWARD OF CONDITIONAL SHARES UNDER THE TERMS OF THE JOHN WOOD GROUP PLC LONG-TERM PLAN (“LTP”) SUBJECT TO PERFORMANCE CONDITIONS FOR THE PERIOD 2022-2024 AND ADJUSTMENT OF VESTING OUTCOMES BY THE REMUNERATION COMMITTEE, IF APPLICABLE.

Today 14:46 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 46549265J/
322,139,185

Today 14:38 PJSC LukOil (LKOD)
Re Release of 1Q2022 Results
https://www.investegate.co.uk/pjsc-luko ... 38269249J/
PJSC «LUKOIL» notifies on its decision not to release operating results and interim consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for the first quarter of 2022.

Today 14:29 PJSC Gazprom (OGZD)
Gazprom delisting of depositary receipts
https://www.investegate.co.uk/pjsc-gazp ... 29559229J/
PJSC Gazprom announces the termination of its programmes of Depositary receipts representing shares in the Company...PJSC Gazprom exercised its right under the Law and applied to the Russian Government requesting that circulation of the receipts outside the Russian Federation continue, but the request was rejected on 28 April 2022.

Today 14:10 Kosmos Energy Ltd (KOS)
Notice of Annual Stockholders Meeting
https://www.investegate.co.uk/kosmos-en ... 10227895J/
The 2022 annual stockholders meeting will be held in a virtual meeting webcast format only, at 8:00 a.m. CDT (2:00 p.m. BST) on Thursday, June 9, 2022.

Today 14:10 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGSM on June 8 (9), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 10509189J/
onvening of the Ordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. on June 8 (9), 2022, 1:00 PM (Romania time)

Today 14:04 PJSC Tatneft (ATAD)
Board Reapproves Nominations to the Board
https://www.investegate.co.uk/pjsc-tatn ... 04319175J/
Due to certain changes in applicable legislation, at the meeting (absentee) held on 29 April 2022 the Board of Directors of PJSC Tatneft (the "Company") reapproved the following list of candidates to the Board of Directors of the Company for the election by the shareholders at the Annual General Shareholders' Meeting

Today 13:22 'Surgutneftegas' PJSC (SGGD)
Information statement of a significant fact on the meeting of the issuer's Board of Directors and its agenda
https://www.investegate.co.uk/--39-surg ... 2218ENCOS/
Date of the meeting of the issuer's Board of Directors: 04 May 2022.

Today 13:10 Baron Oil PLC (BOIL)
Placing and subscription to raise £1.65 million
https://www.investegate.co.uk/baron-oil ... 10099086J/
it has conditionally raised £1.65 million (before expenses) by way of a placing and subscription (together the "Fundraising") of a total of 2,750,000,000 new ordinary shares of 0.025p each ("Ordinary Shares") in the Company (the "New Ordinary Shares") at a price of 0.06 pence per share (the "Issue Price"). Allenby Capital Limited ("Allenby Capital") is acting as broker in connection with the Fundraising, which was oversubscribed....We now have two major projects progressing towards key evaluation points - Chuditch PSC (Timor-Leste) and P2478 (UK) - both of which are material in terms of potential value, equity interest and prospective resources, with relatively short timelines to potential drill decisions. In particular, the additional monies committed to Baron will be sufficient to reach a decision point on Chuditch. There remains the final push to be done in the form of the interpretation of the reprocessed 3D seismic data, which is expected to commence in June and we look forward to updating the market on the results of the final 3D pre-stack depth migration data thereafter. From there, we will re-double our efforts on the farmout process....Our initial work on P2478 should be complete by the end of 2022, leaving us time to make a drill or drop decision by July 2023....All of these activities will be focused on setting up a potential two well drilling campaign for Chuditch in 2023....Approximately 35% of the net proceeds of the Fundraising will be directed towards the evaluation of potential new ventures, the withdrawal from Peru as well as covering the Company's general and administrative expenses and other related working capital.

Today 12:38 Nostrum Oil & Gas (NOG)
Results of General Meeting
https://www.investegate.co.uk/nostrum-o ... 38529029J/
As both of the resolutions were approved, the Company will now proceed with the implementation of the Restructuring by means of the Scheme on the basis of Scenario 1 (as outlined in the circular issued by the Company on 13 April 2022 (the " Circular " )). The implementation of the Restructuring remains subject to the satisfaction of certain other conditions precedent as outlined in the Circular.
In addition, the approval of the resolution in respect of the implementation of the Restructuring means that the Company will proceed to transfer its listing to the standard listing segment of the Official List, which is expected to become effective on 31 May 2022.

Today 11:32 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 32328943J/
As at 29 April 2022, Tullow Oil plc's issued share capital consisted of 1,436,527,232 ordinary shares (with a nominal value of 10p each) with voting rights.

Today 11:00 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 00508866J/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's soared +28% with a spike to +38%. Over the last 2 weeks it's up +19.9% with a spike to +30%. Amazing what the H word can do.

Today 10:55 PJSC LukOil (LKOD)
Doc re. EGM Materials
https://www.investegate.co.uk/pjsc-luko ... 55278851J/
a copy of materials that are made available for those entitled to participate in the Extraordinary General Shareholders Meeting of PJSC "LUKOIL" to be held on 30 May 2022 including:

Today 08:12 S.N.G.N. Romgaz S.A. (SNGR)
2021 Report on payments to governments
https://www.investegate.co.uk/s.n.g.n.- ... 12588536J/
S.N.G.N. ROMGAZ S.A. Report on Payments to Governments for year 2021 http://www.rns-pdf.londonstockexchange. ... 2-4-29.pdf

Today 07:19 Diversified Energy (DEC)
Total Voting Rights
https://www.investegate.co.uk/diversifi ... 19338473J/
the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this announcement is 850,548,478 with each ordinary share carrying the right to one vote. There are no ordinary shares held in treasury and therefore the total number of voting rights in the Company is 850,548,478.

Today 07:16 Diversified Energy (DEC)
Replacement: Results of Annual General Meeting
https://www.investegate.co.uk/diversifi ... 16518470J/
Diversified Energy Company PLC (LSE: DEC) is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meetings held on 26 April 2022 were duly passed....The Company is amending its Annual General Meeting shareholder vote information (reported on 26 April 2022) to include 2,200,000 votes (0.32% of total shares outstanding) cast in person at the meeting ("For" each Resolution) and inadvertently excluded from the previously reported results

Today 07:13 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 13078461J/
33,758 at 202.21 pence

Today 07:00 OMV Petrom S.A. (PETB)
Results for January - March 2022
https://www.investegate.co.uk/omv-petro ... 00058386J/
u Clean CCS Operating Result at RON 2.2 bn, 243% higher, in the context of unprecedentedly high and volatile commodity prices impacted by the Russia-Ukraine war and post COVID recovery
u Clean CCS net income attributable to stockholders at RON 1.8 bn, up 244%
u Cash flow from operating activities at RON 2.6 bn, 129% higher
u CAPEX at RON 0.6 bn, up 10%
u Free cash flow after dividends increased by 351% to RON 1.9 bn
u Record high dividends of RON 1.9 bn for FY 2021 to be paid starting June 6
u Clean CCS ROACE at 17.8%, 12 pp higher
u Production decreased by- 12.7%, mainly due to divestments and high natural decline in the main fields u Production cost increased by 13% to USD 14.2/boe, mainly driven by lower production and higher electricity costs, partly compensated by positive FX effects Refining and Marketing u ...
u Production cost increased by 13% to USD 14.2/boe, mainly driven by lower production and higher electricity costs, partly compensated by positive FX effects

Today 07:00 Cadogan Petroleum Plc (CAD)
Annual Financial Report
https://www.investegate.co.uk/cadogan-p ... 0000PA57B/
"2021 remained another challenging year above any expectation."!!!!
Loss for the year: $5.1 million (2020: loss of $1.0 million)
Average realized price: $55.7 /boe (2020: $32.9/boe)
Gross revenues[1]: $8.8 million (2020: $5.1 million)
G&A[2]: $3.7 million (2020: $3.8 million)
Loss per share: 2.1 cents (2020: loss of 0.4 cents)
Cash at year end: $15.0 million (2020: $13.3 million)
Production: 127,662 bbl (2020: 106,398 boe), a 20% increase year-on-year
Maintaining a robust balance sheet, monetising the remaining value of our Ukrainian assets and supplementing E&P cash flow with revenues from gas trading and oil services
Pursuing farm-out to progress investments in Ukrainian licenses [good luck with that!!!]
Diversify Cadogan’s portfolio, both geographically and operationally
Court decision due in July on getting the Italians to pay back their €15m loan.

Today 07:00 Curzon Energy plc (CZN)
Final Results
https://www.investegate.co.uk/curzon-en ... 00037834J/
The Company will be holding its AGM at the Company's business address, which is located at Curzon Energy Plc, (WeWork), 71-91 Aldwych House, London WC2B 4HN on Tuesday 31 May 2022 at 2.00 pm...
the Company focused its efforts on progressing a potential reverse takeover transaction ("RTO") with Poseidon Plastics Ltd ("PPL" or "Poseidon"), developer of an integrated process based on its patented technology platform, to convert currently unrecyclable PET waste, including colored and opaque materials, into high value enhanced recycled PET resin (''erPET'') and recycled BHET ("rBHET")....
For the period ended 31 December 2021, the Group incurred a loss of US$821,344 (2020: loss of US$699,871). The majority of this loss comprised the recognition of a provision for reclamation obligations associated with the Coos Bay project as well as administrative expenses and required listing and regulatory overheads. Overall administrative expenses were broadly consistent during the period at US$569,865 in 2021 (2020: US$528,799) and finance expenses rose slightly to US$165,598 (2020: US$88,775) reflecting the ongoing costs of funding the business during this phase of due diligence.

Today 07:00 Gulf Marine Services (GMS)
Contract
https://www.investegate.co.uk/gulf-mari ... 00047859J/
is pleased to announce the award of a 2-year contract for one of its K Class (smaller) vessels, with a National Oil Company (NOC) client in the MENA region. The contract will commence in May 2022 and brings total secured utilization for the year to 88%.
The Company expects to announce its 2021 Final Results during the second week of May 2022.

Today 07:00 San Leon Energy PLC (SLE)
Further update on the potential transaction
https://www.investegate.co.uk/san-leon- ... 00047856J/
provides the following update on the proposed reorganisation to consolidate Midwestern Oil and Gas Company Limited's ("Midwestern") shareholdings in: i) the Company; and ii) Midwestern Leon Petroleum Limited ("MLPL") into a single shareholding in the Company (the "Potential Transaction"). The Potential Transaction also comprises, inter alia, a proposed consolidation of Midwestern's indirect debt and equity interests in Energy Link Infrastructure (Malta) Limited ("ELI") with those of the Company, as well as further new debt and new and existing equity investments to be made by San Leon in ELI. The Potential Transaction, if concluded, would be classified as a reverse takeover under the AIM Rules for Companies (the "AIM Rules").... the Company now currently expects to publish an AIM admission document (the "Admission Document") in respect of the Potential Transaction by 24 June 2022 at the latest

Today 07:00 Prospex Energy PLC (PXEN)
El Romeral: Income and Production Update
https://www.investegate.co.uk/prospex-e ... 00047852J/
is pleased to provide an update on the production strategy of, and income from, the El Romeral power plant in southern Spain ('El Romeral'). El Romeral continues to provide a very healthy income from selling electricity into the spot market in Spain at near record price levels. The Company holds a 49.9% working interest in El Romeral...Tarba has now repaid in full its two shareholders, Prospex and Warrego Energy Ltd, the outstanding loans held in the El Romeral asset of €589,577, plus accrued interest of €19,092.97....With the plant now fully automated, the Tarba executive management team has taken the decision to run the plant 24 hours a day, seven days a week as the default operating mode.

Today 07:00 Serinus Energy PLC (SENX)
Awards under Long-Term Incentive Plan
https://www.investegate.co.uk/serinus-e ... 00027510J/
on 29 April 2022, the Remuneration Committee has determined that under the terms of the Company's Long Term Incentive Plan ("LTIP") it has granted its Persons Discharging Managerial Responsibilities ("PDMRs") the following nil-cost share awards over ordinary shares of £0.0169 each in the Company ("Shares") under the LTIP.

Today 07:00 Afentra PLC (AET)
Publication of Annual Report and Notice of AGM
https://www.investegate.co.uk/afentra-p ... 00027345J/
it has today published its Annual Report and Financial Statements for the year ended 31 December 2021, together with the Notice of the Company's Annual General meeting.
The Annual Report and Financial Statements, and Notice of AGM can be found on the Company's website at http://www.afentraplc.com .
There are currently no restrictions on public gatherings in England as a consequence of the COVID-19 pandemic. We can therefore facilitate the attendance of shareholders at the Annual General Meeting which is proposed to be held at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN on 24 May 2022 at 10:00am.

Today 07:00 DG Innovate PLC (DGI)
Total Voting Rights
https://www.investegate.co.uk/dg-innova ... 00027668J/
number of Ordinary Shares with voting rights in the Company is 8,842,715,107.

Today 07:00 Gulf Keystone Petrol (GKP)
2021 Annual Report & Sustainability Report
https://www.investegate.co.uk/gulf-keys ... 00027691J/
Gulf Keystone has today issued its Annual Report and Accounts for the year ended 31 December 2021 ("the Annual Report"). The Annual Report is now available on the Company's website: http://www.gulfkeystone.com .

Today 07:00 Gulf Keystone Petrol (GKP)
Report on Payments to Governments for 2021
https://www.investegate.co.uk/gulf-keys ... 00027704J/
6,406mboe and $355.811m to KRG

Today 07:00 Nostrum Oil & Gas (NOG)
Notice of Revised Full Year Results Date
https://www.investegate.co.uk/nostrum-o ... 00057904J/
announces a revised date for the publication of its Full Year 2021 Financial Results. The Company will publish its results on 5 May 2022 subject to Board approval and a signed auditor's opinion.

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
2021 Annual Report
https://www.investegate.co.uk/s.n.g.n.- ... 00018395J/
the Annual Report for the year ended 2021, approved by the Resolution No. 3 of the Ordinary General Meeting of Shareholders on April 28, 2022, is available starting with April 29, 2022, 8:30 AM (Romania time)

Today 07:00 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 00068399J/
271,740,474

Today 07:00 Velocys PLC (VLS)
Notice of Results
https://www.investegate.co.uk/velocys-p ... 00077803J/
will report its results for the full year ended 31 December 2021 on Tuesday, 17 May 2022.

Today 07:00 Wentworth Resources (WEN)
Annual Report and Notice of Annual General Meeting
https://www.investegate.co.uk/wentworth ... 00067726J/
its Annual Report and Accounts for the financial year ended 31 December 2021 ("Annual Report") and Notice of Annual General Meeting ("AGM") have been posted to shareholders and are available on the Company's website http://www.wentplc.com.
The AGM of the Company will be held at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London, EC1A 4HD at 10.00am BST on Wednesday 22 June 2022.

Hallucigenia
Lemon Quarter
Posts: 2618
Joined: November 5th, 2016, 3:03 am
Has thanked: 166 times
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Re: Hal's oily roundup

#498179

Postby Hallucigenia » May 3rd, 2022, 1:26 pm

Brent=$107.07(May)              WTI=$104.6(May,Brent-2.47)    Nymex gas=$7.93(May)   
NBP =167.2p(May,Nymex+13.04) TTF=€101.595(June,Nymex+23.50) JKM=$23.500(June,Nymex+15.57)

Today 13:16 S.N.G.N. Romgaz S.A. (SNGR)
Affiliated Parties Transactions art.108 L.24/2017
https://www.investegate.co.uk/s.n.g.n.- ... 16331385K/
ROMGAZ S.A. reports the concluding of transactions with affiliated parties, whose cumulated value over a period of 12 months exceed the significant threshold of 5% of 2021 net assets value, out of which some exceed at the same time 10% of the 2021 net turnover.
https://www.rns-pdf.londonstockexchange ... 22-5-3.pdf

Today 12:52 Serica Energy PLC (SQZ)
Standard form for notification of major holdings
https://www.investegate.co.uk/serica-en ... 52021361K/
On 28 April 2022, BP Exploration Operating Company Ltd reduced from 4.97% to 0%.

Today 10:45 Genel Energy PLC (GENL)
Total Voting Rights
https://www.investegate.co.uk/genel-ene ... 4505ETLXJ/
Genel Energy plc's share capital consists of 278,436,192 ordinary shares of £0.10p each in issue plus ordinary shares held in treasury of 1,812,006.

Today 09:27 Zenith Energy Ltd (ZEN)
Reduction of Debt
https://www.investegate.co.uk/zenith-en ... 27220860K/
is pleased to announce that it has now fully settled its liability resulting from the loan agreements entered into with Winance, announced to the market respectively on May 26, 2021, and December 6, 2021 (collectively the "Loan Agreements").
The Company has made repayments for a total of EUR 650,000 in cash, with the balance having been paid by way of the Reserve Shares issued in connection with the Loan Agreements.
The Company is pleased to announce that, following its market announcement dated June 1, 2021, it has now fully settled the liability in respect of the Convertible Loan, having made repayments for a total of US$0.6 million.

Today 09:00 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 00190825K/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's jumped +14.2% with a spike to +16%. Over the last 2 weeks it's been in the usual range.

Today 07:47 BP PLC (BP.)
Share Repurchases
https://www.investegate.co.uk/bp-plc--b ... 47460658K/
it is to commence a share buyback programme to repurchase ordinary shares in the capital of the Company (the "Programme"). The purpose of the Programme is to reduce the issued share capital of the Company towards distributing 60% of surplus cash flow [1] generated in 2022 as announced by the Company on 3 May 2022. The maximum amount allocated to the Programme is around $2.5 billion for a period up to and including 1 August 2022.

Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05080497K/
37,106 at 205.21 pence

Today 07:00 BP PLC (BP.)
1Q22 SEA Part 1 of 1
https://www.investegate.co.uk/bp-plc--b ... 00149845J/
Operating cash flow up 34%, but numbers are dominated by $24.4bn writeoff of Rosneft.

Today 07:00 SDX Energy PLC (SDX)
SD-12_EAST WELL DISCOVERY AT SOUTH DISOUQ
https://www.investegate.co.uk/sdx-energ ... 00139857J/
is pleased to announce a gas discovery at the SD-12_East well that targeted a separate compartment in the Sobhi Field, within the Ibn Yunus North development lease....discovered 70.2ft of net pay gas sand with an average porosity of 24.1%. A secondary target gas sand in the upper Kafr El Sheikh was also encountered at 4,838ft MD and discovered 9.1ft of net pay gas sand with 30.7% porosity. SD-12_East will now be completed, tested in the primary target area and tied-in to the CPF via the SD-12X flow-line and it is estimated that the well will be on production in July 2022. An announcement concerning the results of the testing of SD-12_East will be made in due course ....the rig will now move to the final well in the three well campaign, MA-1X, which is targeting the Mohsen prospect and which has a planned spud date in late May.

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00139825J/
I am pleased to provide an update on the initial weeks of Blythe and Elgood production. As we address early facilities issues and control liquids handling onshore, production is currently stabilising at 55-65 mmscf/d gas and 800-1,000 bbl/d condensate, with steadily improving uptime rates. Meanwhile, drilling progress continues at Southwark while we prepare for the two follow-on appraisal wells at Goddard and Kelham North/Central....stable gas production from Elgood and Blythe has been established in the 55-65 mmscf/d range on a gross basis. Over the final week of April, aggregate production averaged 60 mmscf/d, with a maximum daily rate of 64 mmscf/d and 100% uptime on both assets....The volume weighted average realised gas price was 232 p/therm for March and 161 p/therm for April....Drilling of the two development wells, Southwark east and west, is scheduled to continue into Q4 2022. Final hook-up and commissioning is then expected to deliver Southwark first gas later that quarter.

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies: Brazil: Start of Production From the First Development Phase of the Giant Mero Field
https://www.investegate.co.uk/totalener ... 0000Z1001/
announces the start of production from the first development phase of the giant Mero field in the Libra block, more than 150 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin. Launched in late 2017, this first phase (Mero-1) includes a floating production, storage and offloading unit (FPSO) with a production capacity of 180,000 barrels of oil per day.
This first phase will be followed by three additional development phases, with the Mero-2, Mero-3 and Mero-4 FPSOs, each with a production capacity of 180,000 barrels per day and production start-ups scheduled between 2023 and 2025.

Today 07:00 Trinity Exploration (TRIN)
Galeota, Drilling Update and Notice of Results
https://www.investegate.co.uk/trinity-e ... 00139650J/
unable to fully assess the economics of the opportunity at Galeota without clarity on the expected reforms to Supplemental Petroleum Tax ("SPT"), which are currently being considered by the Government of Trinidad and Tobago....Pending SPT reform, which management still expects to happen, the Company has decided to pause the Galeota farm down process. This will enable the Company to seek the best value proposition for Galeota when the GORTT's fiscal reforms have been confirmed....The 2022 Drilling Programme is fully funded and is expected to commence in July 2022, with first oil shortly thereafter. Further, the Company has commenced the procurement of long lead items such as; casing, tubular and production equipment....The Company will announce its results for the year ended 31 December 2021 on 24 May 2022. At this time the Company intends to provide a full update on Trinity's operations, including details on rates of production, recoverable barrels, economic return metrics and insight on the 2022 drilling campaign
[does this affect eg Challenger?]

Today 07:00 Echo Energy PLC (ECHO)
Argentina Commercial Update
https://www.investegate.co.uk/echo-ener ... 00139759J/
it has secured two new gas sales contracts....The Contracts have a term of 12 months, with gas sales under the Contracts beginning in May 2022, and provide for a 65% increase in pricing over average annual contract pricing previously achieved by the Company in March 2021 and a 116% increase on the current summer pricing until end April 2022 under those same March 2021 contracts. The Contracts provide gross 6.0 MMscf/d of committed production, 4.2 MMscf/d net to Echo, at an average price of US$ 4.33 per mmbtu, with the Company able to elect to sell additional volumes of up to 1.25 MMscf/d net to Echo under the Contracts.

Today 07:00 Energean PLC (ENOG)
New GSPA signed and Karish Operational Update
https://www.investegate.co.uk/energean- ... 00139814J/
Energean has signed a new GSPA, representing up to 0.8 Bcm/yr, to supply gas to the East Hagit Power Plant Limited Partnership (" EH Partnership "), a partnership between the Edeltech Group and Shikun & Binui Energy. EH Partnership was the winning bidder in the IEC East Hagit tender process, the third IEC power plant in the current series of four to be privatised. Energean is also a supplier of gas to Ramat Hovav and Alon Tavor, the first two power stations privatised in the series. The GSPA is for a term of approximately 15 years, for a total contract quantity of up to 12 bcm....The Energean Power FPSO has sailed-away from Singapore and Energean remains on track to deliver first gas from Karish in Q3 2022.

Today 07:00 Nostra Terra O&G Co (NTOG)
Permian Basin - Grant East #1 Well Spud
https://www.investegate.co.uk/nostra-te ... 00089821J/
is pleased to announce that, further to the announcement of 14th April, the Grant East #1 well, in the Permian Basin, West Texas, spudded on 29th April 2022. Nostra Terra has acquired a 100% working interest in the Grant East Lease. The Grant East #1 well is the first of three permitted locations to be drilled to date. Drilling is prognosed to reach a total depth of 3,500 feet and is anticipated to take approximately 7 days.

Today 07:00 Reabold Resources (RBD)
Update on Equity Exchange with Daybreak Oil & Gas
https://www.investegate.co.uk/reabold-r ... 00139810J/
notes that, further to the planned Equity Exchange Agreement with Daybreak Oil and Gas ("Daybreak"), as announced by the Company on 21 October 2021 and 25 February 2022, Daybreak has announced that a Special Shareholder Meeting to vote on the transaction will take place on 20 May 2022.

Today 07:00 Canadian O'Seas Petr (COPL)
Canadian Court Approval Re. Cuda Wyoming Assets
https://www.investegate.co.uk/canadian- ... 00139789J/
purchase of the Wyoming assets of Cuda Energy LLC was approved in Canada by the Court of Queens Bench of Alberta at a hearing held in Calgary on Friday April 29, 2022. ...A hearing before the US Court to consider and issue an order (the "Sale Order") approving the US Sale Motion is scheduled for May 26, 2022. The Sale Order by the US Court becomes final and non-appealable 14 days after issuance. Closing of the acquisition of the assets of Cuda Energy LLC by COPL America Inc, assuming the Sale Order becomes final, is anticipated to occur sometime between June 10 and July 10, 2022.

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Announcement Q1 2022 Report availability&confcall
https://www.investegate.co.uk/s.n.g.n.- ... 00119647J/
The Quarterly Report and the Consolidated Condensed Interim Financial Statements for the 3-month period ending March 31, 2022 (unaudited) will be published on May 13, 2022, 8:30 AM (Romania time).

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Board Changes
https://www.investegate.co.uk/falcon-oi ... 0000H0759/
is pleased to confirm the appointment of Tom Layman as a Non-Executive Director and to the Board of the Company (the “Board”). Anne Flynn, Falcon’s Chief Financial Officer, has also been appointed to the Board. In conjunction with these appointments, Daryl Gilbert and JoAchim Conrad have retired as Non-Executive Directors from the Board. All of these changes take place with immediate effect.
Tom Layman is a certified petroleum geologist with over 40 years’ experience in the oil and gas industry. Mr Layman has significant knowledge of unconventional resources, having worked on over 4,000 horizontal and vertical shale and unconventional wells across multiple US onshore basins on exploration and development projects. Mr Layman currently acts as a geoscience consultant, having previously been Senior VP of Geoscience at Parsley Energy, where he held an executive leadership role directing exploration and development of geoscience activities. Before he joined Parsley Energy, Tom was VP of Exploration Southern Division at Chesapeake Energy, where he worked for over seven years and was responsible for exploration and development activities across the company’s asset portfolio. Prior to this, Tom was a Geoscience Manager at Burlington Resources and a Geologist at Exxon....
Anne Flynn was appointed as Falcon’s Chief Financial Officer in 2016, having joined the Company in 2014 as Group Financial Controller

Today 07:00 Vaalco Energy Inc (EGY)
Dividend Declaration
https://www.investegate.co.uk/vaalco-en ... 00149811J/
today declared its quarterly cash dividend of $0.0325 per share of common stock for the second quarter of 2022 ($0.13 annualized), which is payable June 24, 2022 to stockholders of record at the close of business on May 25, 2022.

Today 07:00 DG Innovate PLC (DGI)
DG Innovate Awarded LSE Green Economy Mark
https://www.investegate.co.uk/dg-innova ... 00147709J/
To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.

Today 07:00 Jersey Oil & Gas PLC (JOG)
Grant of Share Options
https://www.investegate.co.uk/jersey-oi ... 00149802J/
on 29 April 2022, it granted options over, in aggregate, 990,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to directors, senior management and employees at an exercise price of 230 pence per Ordinary Share (the "Options")

Today 07:00 Southern Energy Corp (SOUC)
EXERCISE OF WARRANTS AND DIRECTOR SHARE PURCHASE
https://www.investegate.co.uk/southern- ... 00139822J/
the Company has issued 187,500 new common shares in the Company ("Common Shares") to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share.

Today 07:00 Europa Oil & Gas (EOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/europa-oi ... 00140563K/
William Holland, Chief Financial Officer and Executive Director designate, has purchased 173,202 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of 2.36 pence per Ordinary Share.

Today 07:00 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 00129526J/
the issued share capital is 125,648,044; the number of deferred shares are 303,305,534. The Company does not hold any ordinary shares in Treasury.

Today 07:00 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 00139720J/
its capital consisted of 465,545,284 ordinary shares of £0.001 each, and each with voting rights.

Hallucigenia
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Re: Hal's oily roundup

#498374

Postby Hallucigenia » May 4th, 2022, 11:06 am

Easy to miss Gran Tierra's results last night (someone needs to have a word...), like Vaalco this morning it all seems happy. Oilex confirm a fundraise, Reabold do some sensible tidying up with their 49% stake in Corallian, GETECH will be at Mello later in the month.

Brent=$108.24(May)            WTI=$105.77(May,Brent-2.47)    Nymex gas=$7.91(May)   
NBP =169p(May,Nymex+13.24) TTF=€105.145(June,Nymex+24.56) JKM=$23.500(June,Nymex+15.59)

Today 09:29 Cadogan Petroleum Plc (CAD)
Consolidated report on payments to governments
https://www.investegate.co.uk/cadogan-p ... 2920P64C1/
Blazhivske paid $2.901m in Ukrainian taxes

Today 07:33 Empyrean Energy PLC (EME)
Proposed drilling of Topaz Prospect
https://www.investegate.co.uk/empyrean- ... 33352515K/
Based upon the preliminary assessments of the Jade well results and the ongoing agreement with its partner, China National Offshore Oil Company (" CNOOC "), to further cooperate with regards to follow up post well analysis, it is Empyrean's current intention to proceed with the second phase of exploration at Block 29/11 and to participate in the drilling of the Topaz prospect.....The 2017 seismic data analysis matured two prospects - Jade and Topaz - along the western block boundary. Pre-Jade drilling, comprehensive analysis confirmed Topaz as a large and genuine exploration target in Block 29/11, with Gaffney Cline independently assessing a target in place oil estimate of 506 mmbbls (Mean case) of oil and an upside of 891 mmbbls (P10 case) with a 30% Geological Chance of Success ("GCoS").... Empyrean is currently considering its alternatives to funding the Topaz prospect drill and is preparing a work program that it believes can see the Topaz well drilled within the next drilling weather window in the Pearl River Mouth Basin in 1H 2023. Topaz is a slightly shallower target depth. Given the very large target size at Topaz, Empyrean will also investigate potential risk share alternatives and farm out possibilities.

Today 07:15 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 15432511K/
65,489 at 208.98 pence

Today 07:00 Vaalco Energy Inc (EGY)
FIRST QUARTER 2022 RESULTS
https://www.investegate.co.uk/vaalco-en ... 00041965K/
Q1 2022 net income of $12.2 million ($0.20 per diluted share) and Adjusted Net Income(1) of $21.1 million ($0.36 per diluted share);
· Increased Adjusted EBITDAX(1) by 49% quarter-over-quarter to $33.5 million in Q1 2022;
· Increased Q1 2022 production by 7% to 8,051 net revenue interest ("NRI")(2) barrels of crude oil per day ("BOPD"), or 9,254 working interest ("WI")(3) BOPD, compared to Q4 2021;
o Exit rate for Q1 2022 production increased to approximately 9,500 NRI BOPD

Today 07:00 Oilex Ltd (OEX)
Cambay Production Update and Fund Raise
https://www.investegate.co.uk/oilex-ltd ... 00031880K/
After a lengthy shut-in of production on the Company's Cambay field (WI 100%), gas production and sales have been stabilised from one well (C-73) at circa 0.3 mmscfd, with circa 21 bopd of gas condensate. Current C-73 production rates (c. 0.3 mmscfd) demonstrate stable wellhead pressures....The Company has arranged an equity capital raising, with existing sophisticated, institutional and other shareholders, led by Republic Investment Management Pte Ltd (Republic) and clients of Novum Securities Limited (Novum), of £2.5 million (approximately AUD$4.4 million) before expenses, through the issue of 1,250,000,000 new fully paid ordinary shares (Placement Shares) at GBP 0.20 pence (AUD 0.35 cents) per share (Placement). The Placement will be completed in two tranches: the first on 27 May 2022 and the second on or about 20 June 2022, subject to approval by Oilex Shareholders....Pursuant to the capital raising advisory agreements, the Company will also issue of 30,000,000 unquoted options, exercisable at GBP 0.20 pence (0.35 AUD cents) on or before 30 April 2024 (Fee Options). The issue of the Fee Options is subject to the shareholder approval at the aforementioned general meeting in mid-June 2022.

Today 07:00 Reabold Resources (RBD)
Offer for Corallian and acquisition of licences
https://www.investegate.co.uk/reabold-r ... 00052004K/
Reabold is a 49.99% shareholder in Corallian. As part of the Potential Sale process [effectively just for the Victory asset], Reabold is pleased to announce that it has entered into a conditional sale and purchase agreement ("SPA") to acquire Corallian's working interest in all the non-Victory licences within the Corallian portfolio for a cash consideration of £250,000, which is immediately payable (subject to adjustment) ("Cash Consideration"). The licences that will be acquired are P2396, P2464, P2493, P2504 and P2605 (all at 100% working interest) and P2478 (36% working interest). Accordingly, at the time of completion of the Acquisition and the Potential Sale, Corallian's only remaining asset will be licence P2596, which contains the Victory gas development opportunity. Reabold will become Licence Administrator but does not intend to become Licence Operator and will therefore seek appropriate farm-out opportunities with third party operators following completion of the Acquisition, in order to de-risk and monetise the prospects.

Today 07:00 Enwell Energy PLC (ENW)
Enwell Energy plc Results of SV-31 Well
https://www.investegate.co.uk/enwell-en ... 00041940K/
The SV-31 well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation. The well was spudded in September 2021 and has been drilled to a final depth of 5,240 metres. One interval, at a drilled depth of 5,210 - 5,219 metres, within the V-22 reservoir was perforated, and initial testing demonstrated good gas flows. The well was then hooked up to the gas processing facilities to allow production testing, using a variety of choke sizes, to be conducted to optimise the operating parameters of the well. Currently, the well is producing at a stabilised flow rate of approximately 2.65 MMscf/d of gas and 185 bbl/d of condensate (650 boepd in aggregate).

Today 07:00 SDX Energy PLC (SDX)
SD-5X TIE-IN & PRODUCTION START-UP SOUTH DISOUQ
https://www.investegate.co.uk/sdx-energ ... 00031833K/
is pleased to announce the completion of the tie-in of the SD-5X Warda well (SDX Working Interest: 36.85%) to the CPF via the SD-4X flow-line approximately one month ahead of schedule.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Operational Update – Beetaloo Sub-Basin
https://www.investegate.co.uk/falcon-oi ... 0000H1040/
As noted in Falcon’s press release published on 25 January 2022, this year will see Falcon and Origin progressing to the Stage 3 work programme of the restated Farm-Out Agreement. Following discussions with Origin, in order to maximise the impact of Stage 3 operations the joint venture has agreed to modify the Stage 3 programme announced previously, which will now include a step out location for one well.

Today 07:00 Pantheon Resources (PANR)
Partial Conversion of Unsecured Convertible Bonds
https://www.investegate.co.uk/pantheon- ... 00041993K/
the holder of its senior unsecured convertible bonds due 2026 (the "Convertible Bonds") has exercised conversion rights in respect of US$3.8 million in principal amount of the Convertible Bonds. As a result of such exercise of conversion rights, Pantheon has issued and allotted 3,681,457 new ordinary shares

Today 07:00 GETECH Group plc (GTC)
Mello2022 Investor Conference Presentation
https://www.investegate.co.uk/getech-gr ... 00051548K/
it will be presenting at the Mello2022 investor conference on Wednesday 25th May 2022 to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. Dr Jonathan Copus, CEO of Getech, will be presenting to delegates.

Today 07:00 Aminex PLC (AEX)
Notice of AGM
https://www.investegate.co.uk/aminex-pl ... 00051930K/
the Company shall hold its Annual General Meeting ("AGM") at 11.00 am on 26 May 2022 at The Wellington Hotel, 71 Vincent Square, London SW1P 2PA.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00051972K/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Touchstone Explrtn. (TXP)
SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES
https://www.investegate.co.uk/touchston ... 00051976K/
Purchase of common shares by the Trustee of the Employee Share Purchase Plan c) Price(s) and volume(s)

Yesterday 23:47 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces First Quarter 2022 Results
https://www.investegate.co.uk/gran-tier ... 4707H4830/
Achieved Average Total Production of 29,362 BOPD, Up 20% Year-on-Year
Generated Net Income of $14 Million
Increased Adjusted EBITDA (1) to $119 Million, Up 185% Year-on-Year
Grew Net Cash Provided by Operating Activities to $104 Million, Up 148% Year-on-Year
Increased Funds Flow from Operations (1) to $87 Million, Up 201% Year-on-Year
Generated Free Cash Flow (1) of $46 Million, Highest Since Fourth Quarter 2012
Credit Facility Balance Paid Down to $40 Million at March 31, 2022, Current Balance of $10 Million
Balance of Credit Facility Expected to be Fully Paid Down Before End of Second Quarter 2022
2021 Sustainability Report to be Released May 4, 2022
Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPD

Yesterday 17:30 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 30271836K/
a total of 903,004 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 3 May 2022

Yesterday 17:26 IOG PLC (IOG)
Result of AGM
https://www.investegate.co.uk/iog-plc-- ... 26021825K/
is pleased to confirm that all resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed. Full details of the resolutions may be found at: https://www.iog.co.uk/media/1431/iog-pl ... ice-v4.pdf

Yesterday 16:42 Sound Energy PLC (SOU)
New LTIP, Award of Options and Issue of Equity
https://www.investegate.co.uk/sound-ene ... 42391712K/
The Company has awarded options under the LTIP, together with options in respect of prior period employee annual bonus awards, over up to an aggregate of 69,112,143

Yesterday 16:28 San Leon Energy PLC (SLE)
Extension & update to investment in the Oza field
https://www.investegate.co.uk/san-leon- ... 28531684K/
On 27 January 2022, San Leon announced certain amendments to the terms of its investment in Oza which included an option to provide a further loan of US$2.0 million to Decklar by 30 April 2022 to increase its shareholding in Decklar Resources Limited ("Decklar") from 11.5% to 15% (or otherwise accept the pro rata reduction in its shareholding to 11.5%). San Leon and Decklar have now agreed to extend the time period for providing this loan to 30 June 2022 on the basis that San Leon's further loan will increase to US$2.5 million. This increased loan will continue to be made via 10% per annum unsecured subordinated loan notes of Decklar on the same repayment terms as originally announced on 1 September 2020. Furthermore, the extension gives San Leon additional time to assess the fundamentals of Oza, given that Decklar Resources Inc has today made an announcement that notes that the re-entry of the Oza-1 well in the Oza oil field in Nigeria has converted several hydrocarbon zones from contingent resources to reserves, prior to San Leon deciding whether to take up the option.

Yesterday 14:16 S.N.G.N. Romgaz S.A. (SNGR)
Contract acc. to art. 234 letters v and i -Exxon
https://www.investegate.co.uk/s.n.g.n.- ... 16371470K/
We mention that the signing of the sale-purchase agreement of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited was approved by the Resolution of the Extraordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. No. 4 of April 28, 2022.

Yesterday 14:00 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 00011333K/
As at 29 April 2022, the issued share capital of BP p.l.c. comprised 19,529,630,342 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.

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Lemon Quarter
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Re: Hal's oily roundup

#498628

Postby Hallucigenia » May 5th, 2022, 12:28 pm

Wow - what a crazy day for big moves among the little oilies (I was seeing different prices coming through just within the couple of minutes my script takes to run), notably UKOG almost doubling at one point in response to the grant of a full production licence at Horse Hill which allows them to reinject produced water.

I guess the real news is Lukoil being I think the first of the Russian companies to start the formal process of cancelling their listings in the West, we also have Nostrum reporting decent results (albeit with 25% replacement) after their restructuring has handed 90% of the company to their debt holders, and Petro Matad making a bit of progress with local bureaucracy but struggling with the knock-on effects of the Chinese Covid lockdowns.

Oops, and Shell's Q1 results here, I thought it was a bit weird that I'd not been seeing anything from them lately, I hadn't updated to the new SHEL ticker :
https://www.investegate.co.uk/shell-plc ... 0000H1380/

Brent=$110.7(May)              WTI=$108.07(May,Brent-2.63)     Nymex gas=$8.42(May)   
NBP =170.5p(May,Nymex+12.84) TTF=€105.730(June,Nymex+24.39) JKM=$24.040(June,Nymex+15.62)

Today 11:58 Serica Energy PLC (SQZ)
Publication of Annual & ESG Reports & AGM Notice
https://www.investegate.co.uk/serica-en ... 58554806K/
Annual Report for the year ended 31 December 2021 has today been published, together with a notice convening the Company's annual general meeting (the "AGM") and the Company's latest Environmental, Social & Governance ("ESG") Report. The AGM is to be held on Thursday, 30 June 2022 at 2:00p.m. at the offices of Peel Hunt LLP, 100 Liverpool Street

Today 11:01 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 01014698K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's jumped +26.4% with a spike to +55%. Over the last 2 weeks it's been in the usual range.

Today 11:00 Petrel Resources PLC (PET)
Price Monitoring Extension
https://www.investegate.co.uk/petrel-re ... 00564697K/
https://uk.finance.yahoo.com/quote/PET.L/chart
On the day it's soared +24.8% with a spike to +25%. Over the last 2 weeks it's soared +92.9% with a spike to +93%.

Today 11:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00464696K/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's soared +50% with a spike to +91%. Over the last 2 weeks it's jumped +43.5% with a spike to +83%.

Today 10:39 PJSC LukOil (LKOD)
Re Depositary Receipt Facilities of PJSC LUKOIL
https://www.investegate.co.uk/pjsc-luko ... 39284595K/
the recently enacted Russian Federation law (Federal Law No. 114-FZ of April 16, 2022 (the "Law")), prohibits circulation outside of Russia of depositary receipts representing shares of Russian issuers, effective April 27, 2022. The Law requires Russian issuers to initiate termination of their depositary receipt facilities.
In accordance with the Law and the terms and conditions of the Company's American Depositary Receipt (hereinafter, "ADR") facilities, the Company advised Citibank N.A. of its intent to terminate its Level 1 ADR facility and Rule 144A ADR facility, effective December 30, 2022.
The Company also notified the FCA and the London Stock Exchange of its intent to cancel the listing and admission to trading of the ADRs (ISIN US69343P1057 and ISIN US69343P2048) and ordinary shares of PJSC LUKOIL (ISIN RU0009024277), effective June 6, 2022.

Today 10:31 PJSC LukOil (LKOD)
Notice of Cancellation of Listing
https://www.investegate.co.uk/pjsc-luko ... 31284552K/
The Company announces that it has sent notices to request the cancellation of:

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00474383K/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +11.9% with a spike to +27%. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +23%.

Today 09:00 Gulf Keystone Petrol (GKP)
Report on Payments to Govts
https://www.investegate.co.uk/gulf-keys ... 00043665K/
$335.811m of taxes etc to Kurdistan government

Today 09:00 Seplat Energy PLC (SEPL)
Currency Exchange Rates for 2021 Final Dividend
https://www.investegate.co.uk/seplat-en ... 00044373K/
confirms that the following currency exchange rates will be applicable in determining the final dividend for 2021 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or Sterling (GBP)

Today 09:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00304380K/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's soared +45.5% with a spike to +91%. Over the last 2 weeks it's jumped +39.1% with a spike to +83%.

Today 09:00 Gulf Keystone Petrol (GKP)
Block Listing Six Monthly Return
https://www.investegate.co.uk/gulf-keys ... 00043668K/
Value Creation Plan/Long Term Incentive Plan

Today 08:21 i3 Energy PLC (I3E)
Secondary Placing of Shares in i3 Energy plc
https://www.investegate.co.uk/i3-energy ... 21234350K/
Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP (together, the "Sellers"), have sold an aggregate of 60,000,000 ordinary shares (the "Placing Shares") in i3 Energy plc ("i3" or the "Company"), at a price of 27 pence per share (the "Placing"), raising aggregate gross proceeds of £16.2 million....The Placing Shares represent approximately 5.3 per cent of the Company's issued share capital and 20 per cent of the Sellers' combined holding in i3. Following the Placing the Sellers together hold an aggregate of 234,334,943 ordinary shares in i3, representing approximately 21 per cent. of the Company's issued share capital.

Today 07:13 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 13354296K/
29,163 at 207.97 pence

Today 07:00 Nostrum Oil & Gas (NOG)
Full Year Results for the Year Ending 31 Dec 2021
https://www.investegate.co.uk/nostrum-o ... 00043733K/
Nostrum's management team will present the FY 2021 Results and will be available for a Q&A session with analysts and investors today at 2pm UK time, 5 May 2022....
I am extremely pleased we agreed the terms of a restructuring with our noteholders and our largest shareholder...2021 saw us accumulate significant cash flows....The political situation in Kazakhstan and resultant unrest in January has now subdued....
· Daily production after treatment for 2021 averaged 17,032 boepd (2020: 22,337 boepd), exceeding our production guidance of 17,000.
· Daily sales volumes for 2021 averaged 15,330 boepd (2020: 21,514 boepd). This compares to sales volume guidance of 16,000, however, condensate inventory as at year-end totalled approximately 268,000 boe which was sold in early 2022.
· Total Proven plus Probable ("2P") reserves of 34.3 million barrels of oil equivalent ("mmboe") and Proven plus Probable and Possible ("3P") reserves of 44.0 mmboe, based on the annual reserves audit conducted by Ryder Scott. This represents a 2P reserves replacement ratio of 25%.
· 2021 revenue of US$195.3m (2020: US$175.9m) against average realised Brent oil price of US$71.0/bbl (2020: US$43.2/bbl).
· 2021 EBITDA1 US$112.5m (2020: US$80.4m) and EBITDA1 margin of 58% (2020: 46%). Growth in EBITDA margin driven by higher average Brent prices and costs discipline in 2021.
· Unrestricted cash as at 31 December 2021 of US$165.2m (FY2020: US$78.6m). US$22.7m held in restricted account as at 31 December 2021.
· Existing noteholders will own 88.89% of the expanded share capital of the Company on closing of the restructuring.

Today 07:00 UK Oil & Gas PLC (UKOG)
Environment Agency grants full Horse Hill Permit
https://www.investegate.co.uk/uk-oil--- ... 00023542K/
the Environment Agency ("EA") has granted UKOG's 85.635% owned Horse Hill oil field a full Production Permit ("PP"). The PP enables production and water re-injection operations, incineration of waste gas, maintenance/workovers and the drilling of further development wells. To date, production at Horse Hill has operated under the umbrella of prior testing consents which excluded any ability to reinject produced saline formation water. UKOG can now proceed ahead with its plans to convert Horse Hill-2z into a water injector during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced saline formation water at remote third-party sites.
[up >40%]

Today 07:00 Petro Matad Ltd (MATD)
Operational Update
https://www.investegate.co.uk/petro-mat ... 00043772K/
The recent increase in Covid-19 related lockdowns and travel restrictions in China continue to impact Mongolia at a time when it was hoped there would have been significant relaxation. China is maintaining tight control on movement across its borders and there are currently no signs that these controls will be relaxed in the short term. This is impacting all businesses in Mongolia that rely on cross-border trade including the oil field service providers....Local officials remain reticent to discuss applications due to lobbying on social media by a vocal minority protesting against industrial activity. This included at a recent local meeting when allegations were made about the Company's Environmental Impact Assessment despite the fact it was prepared as per the regulations and has been approved by the Ministry of Environment....In late April, the Cabinet of the Mongolian Government issued a resolution directing the certification of exploration and exploitation licences by the central Land Agency such that local approvals on land use are not required. We are advised by industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), that this will allow work on all Production Sharing Contracts (PSCs) areas to progress without land access delays whilst the planned amendments to the land law that will remove the current legal ambiguities pass through parliament. We are pushing to secure the land certificates on Block XX and V as a matter of urgency.... the Company continues to prioritise its efforts to get Heron 1 on stream. The contract with the chosen well completions contractor is in final form. We are seeking confirmation that equipment and crews for the completion and readying for production of Heron 1 are available as soon as we are ready to mobilise. It is our operational preference that as soon as the well is stimulated and completed it should immediately be put on production. The current suspension of all oil production and export from PetroChina's Blocks XIX and XXI and with all on site storage full means that we need oil export to restart in order to optimise the start-up sequencing on Heron 1.

Today 07:00 Petrofac Limited (PFC)
Petrofac secures sizeable decommissioning contract through Gulf of Mexico Alliance
https://www.investegate.co.uk/petrofac- ... 0017EQEEQ/
Petrofac, a leading provider of services to the global energy industry, and Promethean Decommissioning Company (PDC), a pure-play Decommissioning Operator, have formed an Alliance to decommission the South Pass 60, South Pass 6 and East Breaks 165 fields, offshore Gulf of Mexico. The legacy offshore fields and assets include nine platforms, 200 wells and 32 pipeline segments. The scope includes the safe, efficient, and assured decommissioning of the fields....Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m

Today 07:00 Ascent Resources PLC (AST)
Serving of Notice of Dispute
https://www.investegate.co.uk/ascent-re ... 00033693K/
Ascent Resources Plc and its subsidiary Ascent Slovenia Ltd (together "the Investors"), have today formally notified the Government of the Republic of Slovenia (the "Government of Slovenia") of further breaches under the UK - Slovenia bilateral investment treaty (the "BIT") and the Energy Charter Treaty (the "ECT"). In particular, the Government of Slovenia has been notified of the fact that their latest actions, which include amendments to the mining law which specifically prohibit holders of mining rights from carrying out the exploration or exploitation of hydrocarbons with the use of any hydraulic stimulation, have caused further considerable harm to the Investors' investments in Slovenia. The Company believes it is the specific target of these actions, having been referred to as the "British Corporation" in the parliamentary discussions which took place around the subject, and such actions deprive the Investors of realising the full value of their investment in the country,

Today 07:00 Lekoil Limited (LEK)
Litigation summary & Response to Lekoil Nigeria
https://www.investegate.co.uk/lekoil-li ... 00043755K/
The Company notes the statement made by Lekoil Nigeria on 3 May 2022 in which it cautions people from acting in a manner contrary to the Nigerian Injunction. The Company has been following the legal advice it has received with respect to the Nigerian Injunction and advises interested parties, should they have any concerns, to contact the Company in the first instance.

Today 07:00 United Oil & Gas PLC (UOG)
Appointment of Chief Financial Officer
https://www.investegate.co.uk/united-oi ... 00063762K/
is pleased to announce the appointment of Peter Dunne, as Chief Financial Officer ('CFO'), effective from today. Peter will be appointed a Director of the Company and as Company Secretary at the conclusion of the Company's forthcoming Annual General Meeting on 1 June 2022. David Quirke will step down as Director of the Company and Company Secretary on the same day and remain at United to facilitate an efficient transition.
Peter joins from Boru Energy Limited, the West African focussed private oil and gas company where he was CFO and brings over 20 years' experience of working in senior finance leadership roles including over 14 years in the upstream Oil and Gas sector. Prior to Boru, Peter was Group Finance Director at Origin Enterprises plc and before that spent seven years with Petroceltic International plc, latterly as Corporate Finance Director.

Today 07:00 Sound Energy PLC (SOU)
Updated Corporate Presentation
https://www.investegate.co.uk/sound-ene ... 00063628K/
it has published its latest updated corporate presentation which can be accessed on our corporate website. The Company also announces its intention to hold a live investor Q&A session on 30 May for interested stakeholders

Today 07:00 NWF Group PLC (NWF)
Notification of Major Holdings
https://www.investegate.co.uk/nwf-group ... 00063720K/
Schroders Plc increase from not disclosed to 5.68%

Today 07:00 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 00063737K/
it issued nil-cost options over a total of 2,574,630 ordinary shares of 0.25p each ("Options") to directors, employees, and consultants. The Options were issued in lieu of cash payment for 40% of salaries and consultants' fees and up to 50% of directors' fees, in accordance with the cash conservation measures announced on 7 April 2020

Today 07:00 Prospex Energy PLC (PXEN)
Conversion of Warrants and TVR
https://www.investegate.co.uk/prospex-e ... 00033686K/
it has received notice for the exercise of warrants to subscribe for 1,000,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to an individual pursuant to a warrant agreement dated 23 March 2022 which related to a placing announced by the Company in March 2021. The exercise price is 3 pence per New Ordinary Share. The Exercise of these warrants will generate proceeds of £30,000 for the Company.

Today 07:00 Egdon Resources PLC (EDR)
Exercise of Warrants, Issue of New Shares and TVR
https://www.investegate.co.uk/egdon-res ... 00023629K/
has received notice of the exercise of Warrants and can advise the issue of [400k] new Ordinary Shares of 1p each in the Company ("Ordinary Shares") as follows....Following the exercise of the Warrants reported above 50,399,000 Warrants remain outstanding and are exercisable at any time until 23 July 2023.

Yesterday 16:36 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 36213496K/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's jumped +11.5% with a spike to +13%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:36 Igas Energy PLC (IGAS)
Price Monitoring Extension
https://www.investegate.co.uk/igas-ener ... 36083493K/
https://uk.finance.yahoo.com/quote/IGAS.L/chart
On the day it's been in the usual range.

Yesterday 16:35 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 35483464K/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -12.7% having touched -18%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:01 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 01163401K/
On 25/04/2022, Stuart Hawthorne holding via Hargreaves Lansdown Nominees Limited increased from 7.97% to 9.46%.

Yesterday 15:57 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 57013424K/
On 03-May-2022, Spreadex LTD increased from 4.125% to 8.127%.

Yesterday 14:01 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 01103314K/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's jumped +11.5% with a spike to +13%. Over the last 2 weeks it's been in the usual range.

Yesterday 14:01 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 01013312K/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -12.7% having touched -18%. Over the last 2 weeks it's been in the usual range.

Yesterday 14:00 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 00513310K/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's jumped +11.2% with a spike to +15%. Over the last 2 weeks it's jumped +29.8% with a spike to +34%.

Yesterday 11:56 Challenger Energy (CEG)
Holding(s) in Company
https://www.investegate.co.uk/challenge ... 56463066K/
On 03/05/2022, G.P. (Jersey) Limited (Jersey, CI) increased from 0% to 3.63%.

Yesterday 11:39 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 39443040K/
On 29/04/2022, BGF Investment Management Limited (a/c BGF Investments LP) holding via Pershing Securities Limited reduced from 6.813% to 5.989%.

Yesterday 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00412944K/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +13.6% with a spike to +27%. Over the last 2 weeks it's ended in the usual range but at one point spiked down to -17.3%.

Yesterday 11:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00562945K/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -12.7% having touched -18%. Over the last 2 weeks it's been in the usual range.

Yesterday 11:00 TotalEnergies SE (TTE)
TotalEnergies: Ordinary and Extraordinary Shareholders’ Meeting on May 25, 2022
https://www.investegate.co.uk/totalener ... 0000Z4503/
Shareholders are invited to participate at the Ordinary and Extraordinary Shareholders’ Meeting of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) which will be held on Friday May 25, 2022, at 10:00 a.m. at the salle Pleyel, 252 rue du Faubourg Saint-Honoré, 75008 Paris.

Hallucigenia
Lemon Quarter
Posts: 2618
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Re: Hal's oily roundup

#498865

Postby Hallucigenia » May 6th, 2022, 12:15 pm

Quiet day today after all yesterday's excitements, OGDC's Q3 report and Nostrum's Q1 update following yesterday's finals are the only real news, along with Gazprom delisting but Novatek asking to keep their Western listing. And it wouldn't be the oily beat without another lawsuit, Star Phoenix have a date for their arbitration with LandOcean. Petrel is on a rip though, what's going on there?

Brent=$113.41(May)              WTI=$110.7(May,Brent-2.71)     Nymex gas=$8.99(May)   
NBP =148.3p(May,Nymex+9.35) TTF=€105.150(June,Nymex+23.65) JKM=$24.145(June,Nymex+15.15)

Today 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00306324K/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
Back to where it was yesterday in round terms. On the day it's dropped -19.6% having touched -29%. Over the last 2 weeks it's jumped +23.3% with a spike to +73%.

Today 09:06 OMV Petrom S.A. (PETB)
Announcement regarding payment of dividend
https://www.investegate.co.uk/omv-petro ... 06056026K/
OMV Petrom announces the payment of the dividends for 2021 financial year via Depozitarul Central S.A. and BRD - Groupe Société Générale - the selected payment agent - starting with June 6, 2022 to its shareholders registered in the Shareholders' Registry kept by Depozitarul Central S.A. on the registration date May 13, 2022. The gross dividend is RON 0.0341 per share, and where applicable, any withholding tax payable will be deducted prior to payment at the rate provided by the law.

Today 08:56 Challenger Energy (CEG)
Holding(s) in Company
https://www.investegate.co.uk/challenge ... 56506022K/
On 05/05/2022, G.P. (Jersey) Limited (Jersey, CI) increased from 3.63% to 4.05%.

Today 08:00 Zephyr Energy PLC (ZPHR)
Investor Webinar
https://www.investegate.co.uk/zephyr-en ... 00035402K/
Colin Harrington, the Company's Chief Executive Officer, will be presenting at a Turner Pope Investments / Vox Markets webinar evening taking place on Thursday, 12 May, commencing at 5:30pm. The purpose of the webinar is to present highlights from the recent Competent Persons Report on Zephyr's flagship asset in the Paradox Basin, U.S., and to outline future development plans for the project. Colin will also discuss the recent performance of the Company's cash-generative non-operated asset portfolio.

Today 07:08 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 08115892K/
38,915 at 207.04 pence

Today 07:01 Southern Energy Corp (SOUC)
BLOCK LISTING APPLICATION TO AIM
https://www.investegate.co.uk/southern- ... 01295877K/
application has been made to AIM for a block admission of 15,624,232 new common shares in the Company ("Common Shares"). This will be used to facilitate the admission of Common Shares to trading following future exercises of outstanding warrants issued in 2021 ("2021 Warrants") and future conversions of outstanding 8% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (the "Convertible Debentures").

Today 07:00 Oil and Gas Devt Co (OGDC)
Transmission of quarterly report March 31, 2022
https://www.investegate.co.uk/oil-and-g ... 00055857K/
http://www.rns-pdf.londonstockexchange. ... 22-5-6.pdf
During the [9 months], OGDCL's exploratory efforts to locate reserves yielded four (4) oil and gas discoveries. These discoveries have an expected cumulative daily production potential of 39 MMcf of gas and 2,850 barrels of oil...OGDCL, during the period under review, contributed around 48%, 30% and 38% towards Country's total oil, natural gas and LPG production respectively. The Company's average daily net oil and gas production clocked in at 36,173 barrels (9M 2020-21: 36,836 barrels) and 828 MMcf (9M 2020-21: 865 MMcf) respectively

Today 07:00 Nostrum Oil & Gas (NOG)
Operational Update for Q1 ending 31 March 2022
https://www.investegate.co.uk/nostrum-o ... 00075517K/
· Daily production after treatment averaged 14,683 boepd (Q1 2021: 19,341 boepd).
· Daily sales volumes for averaged 14,059 boepd (Q1 2021: 17,419 boepd).
· Q1 2022 revenues expected to be in excess of US$60m (Q1 2021: US$46.2m).
· The Group's unrestricted cash position as at 31 March 2022 was in excess of US$180m (31 December 2021: US$165.2m). US$22.7m remains held in a restricted account as at 31 March 2022.

Today 07:00 Star Phoenix Group (STA)
UPDATE: ARBITRATION PROCEEDINGS AGAINST LANDOCEAN
https://www.investegate.co.uk/star-phoe ... 00075876K/
is pleased to provide an update on the Stage 1 of arbitration proceedings against LandOcean Energy Services Co., Ltd and its affiliates ("LandOcean") since previous announcements dated 7 September 2021 and 14 July 2021 ("Stage 1 Claims")....final hearing commences at noon 12pm London time and that it ends by 4pm London time on Monday 30 May 2022...The Company will announce the results of the Stage 1 Claims after the Tribunal has issued its expected partial award following the final hearing. The Company remains confident that it will recover around US$1.4 million of the Stage 1 Claims after the Tribunal has issued its expected partial award, with the quantum of the remaining sums to be determined by the Tribunal during the stage 2 arbitration proceedings .

Today 07:00 Deltic Energy PLC (DELT)
Posting of Annual Report & Notice of AGM
https://www.investegate.co.uk/deltic-en ... 00075146K/
The AGM will be held on Wednesday 15 June 2022 at 10.30 a.m. at the offices of K&L Gates LLP, One New Change, London, EC4M 9AF.

Today 07:00 DG Innovate PLC (DGI)
Block listing Interim Review
https://www.investegate.co.uk/dg-innova ... 00075228K/
Path Investments Potential Warrant Exercises

Today 07:00 DG Innovate PLC (DGI)
Change of Auditor
https://www.investegate.co.uk/dg-innova ... 00075280K/
is pleased to announce the appointment of Moore Kingston Smith LLP ("Moore Kingston Smith") as auditor to the Company....The appointment of Moore Kingston Smith follows the resignation of PKF Littlejohn LLP ("PKF") as auditors to the Company. Section 519 of the Companies Act 2006 (the "Act") requires PKF to send a statement of the reasons for ceasing to hold office....
PKF Littlejohn LLP had been appointed as statutory auditor for the Company for a period of more than three consecutive financial years since the 31 December 2018 audit. As set out in paragraph 4.15 of the Financial Reporting Council's 2019 Revised Ethical Standard, a cap on the level of fees from permitted non-audit services is established in the fourth financial period of the audit engagement. This cap came into effect for the financial year commencing 1 January 2021 and is applied to all permitted non-audit services which are not required by law or regulation....As the value of the permitted non-audit services which were not required by law or regulation exceeded the fee cap, PKF Littlejohn LLP is unable to continue as the Company's auditors.

Today 07:00 Jersey Oil & Gas PLC (JOG)
Directors' Dealings
https://www.investegate.co.uk/jersey-oi ... 00075872K/
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, was notified on 5 May 2022 of the following acquisitions of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") on 5 May 2022 by directors of the Company:

Today 07:00 Prospex Energy PLC (PXEN)
Appointment of VSA Capital as Corporate Broker
https://www.investegate.co.uk/prospex-e ... 00075147K/
pleased to announce the appointment of VSA Capital Limited ('VSA Capital'), effective immediately, as Joint Financial Adviser and Joint Corporate Broker to the Company.

Today 07:00 Scirocco Energy PLC (SCIR)
Investment Facility Part Settlement and TVR
https://www.investegate.co.uk/scirocco- ... 00075367K/
, announces that the subscriber (the "Subscriber") under the share subscription deed governing the investment facility ("Investment Facility"), the details of which were announced to the market on 29 June 2020, has issued the Company a settlement notice for US$100,000. This notice, together with the settlement notices announced on 15 October 2020, 5 May 2021, 24 January 2022, and 18 March 2022 means that an aggregate US$1.425 million of the total US$2.0 million subscribed for to date by the Subscriber pursuant to the Investment Facility has been settled through the issue of new ordinary shares in Scirocco.

Today 07:00 Serinus Energy PLC (SENX)
Investor Presentation
https://www.investegate.co.uk/serinus-e ... 00075361K/
Jeffrey Auld CEO, Andrew Fairclough CFO, Stuart Morrison COO, and Calvin Brackman VP, External Relations & Strategy will provide a live presentation relating to the Q1 2022 Results via the Investor Meet Company platform on 12th May 2022 at 11:00am BST.

Today 00:06 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders
https://www.investegate.co.uk/gran-tier ... 0623H6994/
the voting results from the Company’s annual meeting of stockholders held on May 4, 2022.

Yesterday 18:21 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 21525330K/
2,824,987 of its ordinary shares

Yesterday 17:36 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3622H1557/

Yesterday 16:24 PAO Novatek (NVTK)
Announcement Regarding Depositary Receipt Program
https://www.investegate.co.uk/pao-novat ... 24025167K/
currently Global Depositary Receipts of the Company continue circulating outside the Russian Federation. In accordance with Federal Law No. 114-FZ "On Changes to Federal Law On Joint-Stock Companies and Certain Legislative Acts of the Russian Federation", the Company has submitted its request to continue the circulation of its depositary receipts.

Yesterday 15:08 PJSC Gazprom (OGZD)
DR EFFECTIVE DELISTING DATE
https://www.investegate.co.uk/pjsc-gazp ... 08585085K/
PJSC Gazprom expects that delisting of the DRs representing shares in the Company becomes effective from 8.00 a.m. (GMT) on 31 May 2022.

Yesterday 14:51 Diversified Energy PLC (DEC)
Original-Research: Diversified Energy PLC (von First Berlin Equity Research GmbH): Hinzufügen
https://www.investegate.co.uk/diversifi ... 5120EIWDK/
The new acquisition in East Texas (output: 100% natural gas) will raise annualised group production by only ca. 3%. But unlike most of DEC's existing production, the new acquisition's output is unhedged and on the basis of the current futures strip its realised price will be over twice the level of the rest of DEC's output during the next twelve months. We have increased our 2022 hedged adjusted EBITDA forecast by 12.6% with the acquisition contributing over five percentage points of the rise and stronger gas prices the remainder. We expect further acquisitions from DEC in the near term and will wait to assess the impact of these on 2023 numbers before raising our price target, which for the time being remains at GBp150. As the upside to our price target is now less than 25%, we move the rating from Buy to Add.

Yesterday 14:01 Petrel Resources PLC (PET)
Price Monitoring Extension
https://www.investegate.co.uk/petrel-re ... 01014994K/
https://uk.finance.yahoo.com/quote/PET.L/chart
On the day it's soared +58.8% with a spike to +100%. Over the last 2 weeks it's soared +145.5% with a spike to +209%.

Yesterday 14:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00404990K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's jumped +27.6% with a spike to +55%. Over the last 2 weeks it's been in the usual range.

Yesterday 13:23 'Surgutneftegas' PJSC (SGGD)
Information statement on certain resolutions adopted by the issuer’s Board of Directors
https://www.investegate.co.uk/--39-surg ... 2326EGVFQ/
Longwinded way of saying there's no extra agenda items for the AGM

Yesterday 11:58 Serica Energy PLC (SQZ)
Publication of Annual & ESG Reports & AGM Notice
https://www.investegate.co.uk/serica-en ... 58554806K/
its Annual Report for the year ended 31 December 2021 has today been published, together with a notice convening the Company's annual general meeting (the "AGM") and the Company's latest Environmental, Social & Governance ("ESG") Report. The AGM is to be held on Thursday, 30 June 2022 at 2:00p.m. at the offices of Peel Hunt LLP, 100 Liverpool Street, L

Yesterday 11:01 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 01014698K/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's jumped +27.6% with a spike to +55%. Over the last 2 weeks it's been in the usual range.

Yesterday 11:00 Petrel Resources PLC (PET)
Price Monitoring Extension
https://www.investegate.co.uk/petrel-re ... 00564697K/
https://uk.finance.yahoo.com/quote/PET.L/chart
On the day it's soared +58.8% with a spike to +100%. Over the last 2 weeks it's soared +145.5% with a spike to +209%.

Yesterday 11:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00464696K/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's soared +45.5% with a spike to +91%. Over the last 2 weeks it's jumped +39.1% with a spike to +83%.

Hallucigenia
Lemon Quarter
Posts: 2618
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#498982

Postby Hallucigenia » May 6th, 2022, 8:36 pm

Might as well clear the rest of today's before the weekend. I see Baron is back in its normal range after a 73% spike on decent volume to double the price of last week's placing (at 0.06p) - weird. Borders has been a bit of an odd market too in the last month or two.

Brent=$112.88(May)            WTI=$110.36(May,Brent-2.52)     Nymex gas=$7.99(May)   
NBP =131p(May,Nymex+8.16) TTF=€101.708(June,Nymex+23.43) JKM=$24.030(June,Nymex+16.04)

Today 18:00 Longboat Energy PLC (LBE)
Report & Financial Statements for YE 31 Dec 2021
https://www.investegate.co.uk/longboat- ... 00016726K/
Longboat Energy announces that it has today posted to shareholders its audited Report & Financial Statement for the period to 31 December 2021, which are also available on the Company's web site at www.longboatenergy.com

Today 17:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0956H1794/

Today 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35516732K/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's down -21.2% having touched -45%. Over the last 2 weeks it's up +56.4% with a spike to +129%.

Today 16:01 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 01016208K/
On 04-May-2022, GIC Private Limited (SG) reduced from 6.197% to 5.893%.

Today 16:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00016206K/
On 04-May-2022, FMR LLC (Boston United States of America) reduced from 6.37% to 6.364%.

Today 15:30 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 30266666K/
On May 6 ,2022, Alan Douglas Brimacombe (Calgary, Alberta, Canada) increased from NA to 6.080%.

Today 15:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00026572K/
Harbour today announces that the first one-third increment of the Conditional Share Award ("CSA") made to Linda Cook on 4 May 2021 has vested. The CSA was awarded to compensate Linda for incentive arrangements forfeited on stepping down from her role as Managing Director of EIG Global Energy Partners ("EIG").

Today 14:55 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 5500PE540/
On 04-May-2022, FMR LLC increased from <5% to 5.109%

Today 13:27 Sound Energy PLC (SOU)
Block Admission
https://www.investegate.co.uk/sound-ene ... 27106563K/
announces that application has been made for a block admission of 20,236,628 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to be admitted to trading on AIM in respect of new Ordinary Shares which may be issued from time to time on the exercise of nil-cost options awarded to employees of the Company in respect of 2020 and 2021 annual bonuses (the "Options").

Today 13:00 ADM Energy PLC (ADME)
Barracuda: Interlocutory Injunction Granted
https://www.investegate.co.uk/adm-energ ... 00176546K/
an update on the legal proceedings in respect of its interest in the Barracuda oil field. As previously announced on 13 December 2021, the Company and K.O.N.H. (UK) Ltd ("KONH") obtained an interim injunction at the Federal High Court of Nigeria, Lagos ("Court") restraining Noble Hill-Network Limited ("NHNL"), its officers, agents, privies or person howsoever connected from selling, disposing, divesting or tampering with the 70% shareholding interest of KONH in NHNL to third-party investors or in any other manner whatsoever....
The Court granted ADM and KONH's interlocutory injunction application which restrains NHNL, its officers, agents, privies or person howsoever connected from selling, disposing, divesting or tampering with the 70% shareholding interest of KONH in NHNL to third-party investors or in any other manner whatsoever until final determination of the suit...the Court has further adjourned this matter to 30 June 2022.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#499419

Postby Hallucigenia » May 9th, 2022, 11:58 am

i3 and Kosmos making lots of money, Valeura and Quadrise progressing, Energean find something at Athena, lots of deals going on at eg Longboat and Clontarf, that Wildcat deal with Sierra Leone is eyecatching for fans of the Namibia-Guyana kind of plays.

Brent=$110.48(May)            WTI=$107.65(May,Brent-2.83)     Nymex gas=$8.22(May)   
NBP =127p(May,Nymex+7.43) TTF=€96.530(June,Nymex+21.59) JKM=$24.030(June,Nymex+15.81)

Today 08:32 Bowleven plc (BLVN)
Block Admission Six Monthly Review
https://www.investegate.co.uk/bowleven- ... 32487506K/
Total number of shares in issue at the end of the period: 335,272,933

Today 07:57 Oil and Gas Devt Co (OGDC)
Provisional Award of New Exploration Block
https://www.investegate.co.uk/oil-and-g ... 57247449K/
OGDCL had participated in the competitive bidding round for exploration blocks held by the Government in April 2022 and the Directorate General of Petroleum Concessions (DGPC) has communicated provisional award of new exploration block to OGDCL and Pakistan Oilfields Limited (POL)....Chah Bali block in Balochistan

Today 07:26 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 26287445K/
75,443 at 208.59 pence

Today 07:00 Kosmos Energy Ltd (KOS)
1st Quarter Results
https://www.investegate.co.uk/kosmos-en ... 00057017K/
• Net Production(2)(3): ~72,600 barrels of oil equivalent per day (boepd) with sales of 72,400 boepd
• Revenues: $659 million, or $101.15 per boe (excluding the impact of derivative cash settlements)
• Production expense: $125 million, or $19.14 per boe
• Capital expenditures (excluding acquisitions and divestitures): $101 million
• Generated free cash flow(1) of approximately $221 million
• Net debt reduced by approximately $330 million in the first quarter, driven by free cash flow and Ghana pre-emption proceeds, allowing Kosmos to reduce net leverage to ~1.9x

Today 07:00 i3 Energy PLC (I3E)
Q1 2022 Operational and Financial Update
https://www.investegate.co.uk/i3-energy ... 00067044K/
Q1 2022 average production of approximately 18,095 barrels of oil equivalent per day ("boepd"), representing a 100% increase over Q1 2021
· Canadian Capital budget to increase by up to $50 million above the previously announced $47 million 2022 programme (together, the "Enlarged Capital Budget"), focused on continued low-risk, high-return development drilling of i3's core Glauconite and Cardium fairways, with expanded Montney and Clearwater programmes
· F ull-year 2022 net operating income ( "NOI" = revenue minus royalties, opex, transportation and processing) is now forecast to be $241million for 2022 assuming the full implementation of the Company's Enlarged Capital Budget
· Strong drilling results from the Company's operated and non-operated development programmes
· Increased the Company's Clearwater position by ~20% through the acquisition of 15 net sections (38.5 km 2 ) of proximal, strategic acreage
· Monthly dividend payments of £1.1827 million commenced in March with year-to-date distributions totalling £3.55 million; a dividend increase is expected to be announced in due course

Today 07:00 Valeura Energy Inc. (VLU)
FIRST QUARTER 2022 RESULTS
https://www.investegate.co.uk/valeura-e ... 00057014K/
· Strong financial position, including cash of US$39.8 million at March 31, 2022;
· Royalty payments of US$2.1 million collected in Q1 2022, with a further US$0.4 million due and invoiced;
· Acquisition announced subsequent to end of the quarter to acquire certain Gulf of Thailand assets with a focus on near-term production and cash flow and further growth in 2023; and
· Continuing strategic focus on inorganic growth in Southeast Asia in addition to seeking a suitable partner to farm in to the Company's Turkish 20 Tcfe unrisked mean prospective resource tight gas appraisal play.
This has facilitated our announced Gulf of Thailand acquisition without any share dilution to our shareholders. We expect to close the deal in Q2 2022 and our management and our new team in Thailand are looking forward to returning to active operations. We are already progressing the key commercial arrangements and procurement work streams required to bring the Wassana oil field back to production later this year, at an expected rate of 3,300 bbls/d gross.

Today 07:00 Energean PLC (ENOG)
Athena Gas Discovery
https://www.investegate.co.uk/energean- ... 00067042K/
Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 bcm (283 bcf / (51 mmboe) on a standalone basis....Commercial hydrocarbons were not discovered in the deeper secondary target (22% Probability of Success, D sands)....The Stena IceMAX has now moved to the Karish Main-04 appraisal well, of which the top hole has already been drilled. The rig will then complete the Karish North development well. A decision on whether to drill the previously communicated optional wells (Hermes and/or Hercules) is expected to be made by the end of Q2 2022.

Today 07:00 Quadrise Fuels Intnl (QFI)
Operational Update
https://www.investegate.co.uk/quadrise- ... 00056997K/
· The conclusion of the board review is that the Company is on track to achieve its commercialisation targets following positive engagement with counterparties during the past month. The Company therefore intends to progress with each of its core projects as well as with the development of bioMSAR™ fuel and its derivatives.
· MSC - Quadrise recently met with MSC executive management in Cyprus and both parties are now working to finalise an agreement covering the LONO trial programme aboard MSC container shipping vessels and the subsequent commercial framework. The conclusion of the board review is that the Company is on track to achieve its commercialisation targets following positive engagement with counterparties during the past month. The Company therefore intends to progress with each of its core projects as well as with the development of bioMSAR™ fuel and its derivatives.
· Morocco - an updated Material Transfer and Cooperation Agreement with our international chemicals and mining client is now expected to be signed this month ahead of an MSAR ® combustion trial that is expected to conclude early Q3 2022.
· Utah - following signing of Commercial Development Agreement ("CDA") in April 2022, Quadrise and Valkor have commenced preparatory steps under Phase 1 of the CDA to identify target consumers of MSAR ® and bioMSAR ™ fuel.
· Testing with Aquafuel this quarter will conclude the bioMSAR™ engine efficiency optimisation work, with results expected in early Q3 2022.
· D iscussions are underway with several candidate sites in Panama and Honduras for MSAR ® and bioMSAR ™ power plant trials later in 2022.

Today 07:00 Scirocco Energy PLC (SCIR)
Investments Update
https://www.investegate.co.uk/scirocco- ... 00046845K/
The Company recently supported Energy Acquisitions Group Ltd ("EAG"), the specialist acquisition and operating vehicle in the sustainable energy sector, to acquire its first cash generative anaerobic digestion asset, Greenan Generation Limited ("GGL"), in which Scirocco Energy holds a 50% interest:....In Q1 2022 the revenue received for the quarter by GGL totalled £323k (unaudited) supported by high power prices through the period. This compares to the same period in 2021 where revenue was £240k (unaudited) - a 34.5% year on year increase. EBITDA for Q1 2022 was £158k and at current power prices, EBITDA for the first 12 months of EAG's ownership of GGL is on target to exceed £600k....From a business development perspective, EAG is currently carrying out due diligence on three additional AD plants.

Today 07:00 Clontarf Energy PLC (CLON)
Acquisition of 10% of Sasanof Prospect
https://www.investegate.co.uk/clontarf- ... 00056935K/
· has acquired a 10% interest in the high-impact multi-TCF (Trillion Cubic Feet) Sasanof exploration prospect (located mainly within Exploration Permit WA-519-P [Western Australia]) through the acquisition of a 10% interest in Western Gas (519 P) Pty Ltd ("WG519P"), which wholly owns the prospect (the "Acquisition");
· plans to drill the main target horizon (the "Sasanof-1 Well") in this prospect during May/June 2022;
· The Acquisition consideration will be comprised of a cash consideration of US$4,000,000, and 100,000,000 ordinary shares of 0.25p each ("Ordinary Shares"), valued at £480,000 as at May 6th close. In the event of a discovery being declared at the Sasanof-1 Well, the consideration will be further increased by 150,000,000 Ordinary Shares, up to a maximum of £8.7 million, being 80% of the market capitalisation at May 6th close.

Today 07:00 Longboat Energy PLC (LBE)
Farm-in to two exploration wells
https://www.investegate.co.uk/longboat- ... 00067071K/
is pleased to announce that it has farmed-in to two additional near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ("NCS") targeting combined gross unrisked mean resources of 2231 mmboe (451 mmboe net to Longboat) through an agreement with OMV (Norge) AS ("OMV").
· Acquiring 20% working interests in Oswig (PL1100, PL1100B) and Velocette (PL1016);
· Oswig and Velocette are material, gas prospects close to infrastructure in Norway anticipated to drill in summer 2022 and Q2 2023 respectively;
· The transaction increases Longboat's net unrisked mean resources by 68% to 110 mmboe with additional, on-block follow-on potential of 55 mmboe;
...The Oswig geological chance of success is estimated to be 36%1 and the key risks are reservoir quality and fault seal....
Velocette is estimated by the operator to contain gross unrisked mean resources of 1301 mmboe (261 mmboe net to Longboat) with a geological chance of success of 35%1. A number of follow-up opportunities exist within the licence with aggregate gross unrisked mean resources of ~2001 mmboe,

Today 07:00 Wildcat Petroleum (WCAT)
Reconnaissance Permit Agreement obtained
https://www.investegate.co.uk/wildcat-p ... 00067047K/
is pleased to announce that after a process of engagement with the Petroleum Directorate of Sierra Leone (PDSL) it has entered into a Reconnaissance Permit Agreement (Permit) over 20 offshore petroleum blocks in Sierra Leone territorial waters comprising a total 24,000 square kilometres....The study area covers acreage that contains two uncommercial oil discoveries (Mercury and Jupiter by Anadarko and partners Tullow & Repsol). Other companies, such as Mobil, Amoco & Lukoil who have also drilled exploration wells in Sierra Leonean waters, have seen hydrocarbon shows in their wells. Out of the 8 wells drilled to date, 3 are sub-commercial discoveries and 3 have hydrocarbon shows. This indicates that there is a working petroleum system in the offshore. However, the failure to discover commercial quantities of oil, combined with falling oil prices caused companies to subsequently relinquish their blocks.

Today 07:00 Nostra Terra O&G Co (NTOG)
Grant East #1 Well successfully drilled
https://www.investegate.co.uk/nostra-te ... 00046623K/
is pleased to announce that the Grant East #1 well, in the Permian Basin, West Texas, has reached total depth ("TD"). Following the spud announcement on the 3rd of May, the Company is pleased to report that the Grant East #1 reached a total depth of 3,200 feet on May 3, 2022, just below the Clear Fork Formation. Log analysis shows the well encountered the Upper Clear Fork at approximately 2,560 feet and the Lower Clear Fork at approximately 2,806 feet with 24 feet of gross reservoir section in the Upper Clear Fork and 108 feet of gross reservoir section in the Lower Clear Fork. This well compares favorably with the NTOG operated wells on an adjoining lease to the west (the Grant #5 and #6 wells)....Following completion, the well is planned to be put into production.

Today 07:00 Orcadian Energy PLC (ORCA)
Orcadian Report provides carbon emissions solution
https://www.investegate.co.uk/orcadian- ... 00057008K/
is delighted to present its final report into Central North Sea electrification, which has now been delivered to the North Sea Transition Authority (NSTA, previously known as the Oil and Gas Authority or the OGA) and operators of facilities in the Central North Sea. "Orcadian's Microgrid Concept" for the electrification of oil and gas platforms aims to dramatically cut carbon emissions...Orcadian and its consortium partners have designed what they believe is a viable, reliable, off-grid option for powering North Sea platforms. The approach is founded on power from floating wind turbines, supported by energy efficient and highly responsive gas-powered generators with enough battery power to maintain a reliable supply....
● Emissions reductions - approaching an estimated 80% reduction for offshore facilities.
● Lower costs - potential saving of almost US$2 billion and more than 25% cheaper compared to a solution that uses power from the UK grid, when capital and ten years of operating costs are included, for a subset of platforms.

Today 07:00 DG Innovate PLC (DGI)
Introduction of 400kW Pareta E-drive
https://www.investegate.co.uk/dg-innova ... 00057002K/
is pleased to announce the extension of its Pareta © range of high-performance electric vehicle drives ("E-drive") to now include a 400kW version suitable for heavy vehicle applications....With a compact integrated high power silicon carbide inverter, the 400kW Pareta © unit measures 400mm in diameter by 270mm in length, making the combination one of the most compact available. It is seen by the Company as a leading contender for use in the heavy truck, bus and delivery van markets; military land vehicles and sea vessel drives; along with having a suitability for safety critical aircraft drives. The 400kW unit extends DG Innovate's Pareta © family of E-drives which already includes 250kW and 100kW sizes.

Today 07:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0013EFPAA/
Genel Energy plc ('Genel' or ‘the Company’) announces that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during January 2022...Following the receipt of the receivable recovery payment, Genel is now owed $91 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

Today 07:00 Diversified Energy (DEC)
Holding(s) in Company
https://www.investegate.co.uk/diversifi ... 00076999K/
On 05-May-2022, Pelham Capital Ltd reduced from 5.01% to 4.96%.

Today 07:00 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 00076900K/
On 05//05/2022, Jonathan Summers (London, UK) increased from 2.95% to 5.18%.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00036921K/
9,341,704 of its ordinary shares of $0.25 each ("Shares")

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#499626

Postby Hallucigenia » May 10th, 2022, 12:15 pm

One to watch is Spain/Portugal persuading Brussels to allow them to cap the reference price of gas for electricity at €40/MWh, which I guess knackers Prospex? Nymex gas and NBP continue to drop back, even TTF is a bit less silly.

Brent=$103.96(May)            WTI=$101.37(May,Brent-2.59)     Nymex gas=$6.85(May)   
NBP =121.82p(May,Nymex+8.19) TTF=€90.650(June,Nymex+21.17) JKM=$23.155(June,Nymex+16.30)


Today 11:45 Empyrean Energy PLC (EME)
Capital raising, drill analysis & debt restructure
https://www.investegate.co.uk/empyrean- ... 45239542K/
· £1.83m raised at a price of 1.5p per share
· Convertible Loan Note debt restructured
· Regional oil charge and migration analysis being conducted with CNOOC assistance following the results from the Jade well
· Main focus of the migration work is to assess viability of the Topaz prospect receiving oil charge
· Preliminary analysis indicates the Topaz prospect is located in a better location for potentially receiving oil charge from the proven source rock - Baiyun East Sag via the CNOOC LH-16 oil field - as well as from the Baiyun North Sag source rock that lies in between Jade and Topaz identified on Empyrean's 3D seismic

Today 11:00 Zenith Energy Ltd (ZEN)
Update on Electricity Production & Financing
https://www.investegate.co.uk/zenith-en ... 00019405K/
is pleased to provide an update on its electricity production operations a t the Torrente Cigno concession in Italy during the month of April 2022....Electricity prices during the month of April 2022 averaged approximately EUR 236 per MWh, resulting in net revenues of approximately EUR 230,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month. ....
The Company has entered into a non-convertible loan agreement (the "Loan") with a financial institution for a total amount of EUR 1.3 million (equivalent to approximately 13.1 million NOK or £1,111,800). [but with a load of warrants at 1.7p and 2.1p]...
The Company has agreed to dispose of the A-100 workover rig (the "Rig") that it had previously acquired in Azerbaijan during 2018 by way of its fully owned subsidiary, Zena Drilling Limited. The expected lack of spare parts and technical support for the Rig, a rig type widely used in the oil industry of the Russian Federation and post-Soviet Republics

Today 09:06 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 06449242K/
On 05-May-2022, Cairn Capital Limited reduced from 27.007% to 22.181%.

Today 08:00 Lamprell plc (LAM)
Lamprell in the frame for major upgrade work
https://www.investegate.co.uk/lamprell- ... 00029117K/
is pleased to announce that it is engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readiness for their deployment in the Gulf region.

Today 07:30 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 30018492K/
They bought back 17,304 shares at 21.50p = £3,720.36

Today 07:17 Oil and Gas Devt Co (OGDC)
Transmission of quarterly accounts March 31, 2022
https://www.investegate.co.uk/oil-and-g ... 17409118K/
Due to typo error quarterly report is being replaced. http://www.rns-pdf.londonstockexchange. ... 2-5-10.pdf

Today 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10429109K/
They bought back 81,764 shares at 209.16p = £171,017.58

Today 07:02 Mosman Oil & Gas (MSMN)
Planned Cinnabar Development Drilling and Placing
https://www.investegate.co.uk/mosman-oi ... 02549114K/
announces a £1.1 million conditional placing to fund the drilling of the first re-development well in the Challenger Project in Texas, of which Mosman has a 97% working interest. If the targeted production rates are achieved, Mosman Net Production could increase 88% from 130 boepd (as reported for quarter ending March 31, 2022) to circa 245 boepd....the Company has raised £1.1m (before expenses) by way of a placing of 1,375,000,000 new ordinary shares of no par value in the capital of the Company ("Placing Shares") through the company's broker Monecor (London) Ltd, trading as ETX Capital, at a placing price of 0.08p per share (the "Placing Price") (the "Placing"). Investors are also receiving a one for two warrant exercisable at a price of 0.16p with a term of 24 months, 687,500,000 warrants are being issued in aggregate (the "Placing Warrants"). Based on current production rates and current oil and gas prices the Company is currently operating above cashflow breakeven

Today 07:00 NWF Group PLC (NWF)
Trading Statement
https://www.investegate.co.uk/nwf-group ... 00028499K/
Further to the trading update of 31 March 2022, the Group continued to experience exceptional trading conditions in the Fuels business, with very significant short-term volatility in oil prices and a supply constrained UK fuel market. As a result, performance during the final quarter of the year, to date, has been materially stronger than anticipated with the full year result now likely to be significantly ahead of the Board's previously upgraded expectations.

Today 07:00 SDX Energy PLC (SDX)
Notice of AGM and Directorate Change
https://www.investegate.co.uk/sdx-energ ... 00058614K/
it will hold its Annual General Meeting ("AGM") on 14 June 2022 at 10:00am at Holiday Inn London - Oxford Circus, 57-59 Welbeck Street, London, United Kingdom.
I kind of like that, a Holiday Inn makes a nice change from some of the fancy places you see...

Today 07:00 San Leon Energy PLC (SLE)
Update on development of the Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 00048576K/
Decklar and its co-venturer have commenced loading crude oil into trucks at the Oza Oil Field from storage tanks for delivery to the Umugini Pipeline Infrastructure Limited ("UPIL") crude handling facilities for further transfer to the Shell Petroleum Development Company of Nigeria Limited ("SPDC") Joint Venture Forcados Oil Export Terminal via the Umugini Pipeline.
· When loading of crude oil from storage has reached 5,000 barrels, production from the Oza-1 well will start in order to enable ongoing shipments by truck to UPIL.

Today 07:00 Trinity Exploration (TRIN)
Notice of Results & Investor Presentation
https://www.investegate.co.uk/trinity-e ... 00058085K/
will announce results for the year ended 31 December 2021 on Tuesday 24 May 2022....The Company will be hosting a presentation through the digital platform Investor Meet Company at 16.00 on the afternoon of Tuesday 24 May 2022. Chairman Nicholas Clayton, and Chief Executive Officer Jeremy Bridglalsingh, will present operational and financial results for the year ended 31 December 2021, as well as an overview of the Company and its plans for the future.

Today 07:00 Genel Energy PLC (GENL)
Update on Sarta PSC
https://www.investegate.co.uk/genel-ene ... 0007EUSMQ/
Testing of the Sarta-5 appraisal well has been completed. While oil was recovered to surface from a number of intervals, notably c.800 bbls of light oil from the Najmah formation, stable and sustained commercial flow of oil was not achieved from the primary reservoir objectives of the Mus and Adaiyah formations nor the secondary Lower Sargalu or Najmah formations. None of the intervals tested were able to support sustained flow of reservoir fluids, indicating that the reservoirs at this location are tight. This was identified as a critical pre-drill risk of this appraisal well.
The Sarta appraisal programme continues at Sarta-6, c.6 km to the west of the pilot EPF, with test results expected in Q3.

Today 07:00 Longboat Energy PLC (LBE)
Farm-In Presentation & Investor Webcast
https://www.investegate.co.uk/longboat- ... 00059076K/
it will be holding a presentation to shareholders via the Investor Meet Company platform following the announcement of a farm-in to the Oswig (PL1100, PL1100B) and Velocette (PL1016) gas prospects.
The presentation will be made at 10.00 BST on Wednesday 11 May 2022 and is open to all existing and potential shareholders

Today 07:00 Angus Energy PLC (ANGS)
Total Voting Rights
https://www.investegate.co.uk/angus-ene ... 00018586K/
the total number of Ordinary Shares in the Company with voting rights is 1,368,650,514 .

Today 07:00 Clontarf Energy PLC (CLON)
Consideration Shares to be Admitted to Trading
https://www.investegate.co.uk/clontarf- ... 00028304K/
Further to yesterday's announcement regarding the acquisition of a 10 per cent. stake in the Sasanof Prospect, Clontarf announces that application has been made for 100,000,000 new ordinary shares of 0.25p each ("Ordinary Shares") (Consideration Shares") to be admitted to trading on AIM. These Consideration Shares are part of the consideration payable to Western Gas

Yesterday 18:30 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 3032H2205/
Downstream Director sells EUR443k

Yesterday 18:24 TotalEnergies SE (TTE)
Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 2400Z2104/
EUR 229,674,670.86

Yesterday 18:04 Shell plc (SHEL)
Shell plc Annual General Meeting - Clarification statement regarding Resolution 20
https://www.investegate.co.uk/shell-plc ... 0425H2198/
Shell plc (the Company) would like to provide further clarification to shareholders regarding Resolution 20 – the Company’s Energy Transition Progress for the year 2021....Resolution 20 asks shareholders to approve Shell's Energy Transition Progress for the year 2021, as disclosed in the Company’s 2021 Annual Report AND the Shell Energy Transition Progress Report (ETPR), which are published on the Shell website (www.shell.com/agm). We are aware that some investors feel that we should have included more information on the engagement that the Company has undertaken regarding the energy transition within the ETPR and not just within the 2021 Annual Report. The information that the Company provided on its engagement was included within the 2021 Annual Report as required by the UK Corporate Governance Code. However, the Company notes the feedback and intends to reflect on this when drafting the next progress update.

Yesterday 18:00 FTSE Russell ()
https://www.investegate.co.uk/ftse-russ ... 00048483K/
Harbour Energy enters the FTSE-100 and Petrofac enters the FTSE250 after Ferguson (née Wolseley) moved its main listing to the US.

Yesterday 17:51 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 51448496K/
18,767,415 of its ordinary shares

Yesterday 17:25 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 25008462K/
On 06-May-2022, Spreadex LTD increased from 3.99% to 4.014%.

Yesterday 17:22 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 22398457K/
On 12-Apr-2022, Spreadex LTD reduced from 4.927% to 3.99%.

Yesterday 16:59 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5943H2176/

Yesterday 16:34 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 34538337K/
On 06/05/2022, Pendal Group Limited (Sydney , Australia) holding via J O Hambro Capital Management Limited reduced from 5.028953% to 4.922%.

Yesterday 14:40 88 Energy Limited (88E)
Project Icewine - Independent Third-Party Mapping
https://www.investegate.co.uk/88-energy ... 40448214K/
· Third-party evaluation of the Icewine East mapping is now complete (75% 88 Energy WI).
· All Pantheon reservoir units (SMD, SFS and BFF) independently interpreted to extend onto 88 Energy's Icewine acreage.
· In-depth petrophysical re-evaluation of Icewine-1 and broader Icewine East acreage has been completed, with the results indicating comparable, or better, reservoir quality in some reservoir units relative to those of Pantheon's tested intervals which flowed oil.

Yesterday 13:42 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.- ... 42068162K/
Petrom sales

Yesterday 12:00 Tower Resources PLC (TRP)
Cameroon Update
https://www.investegate.co.uk/tower-res ... 00007929K/
Tower is pleased to announce that the Minister of Mines, Industry and Technological Development (MINMIDT) has, with the support of the President of the Republic, agreed to grant a further extension of the First Exploration Period of the Thali PSC to 11 May 2023. Tower is also pleased to announce that it expects to complete shortly a letter of intent (LOI) with Shelf Drilling to cover the drilling and testing of the NJOM-3 well in the fourth quarter of 2022, using the Shelf Drilling Trident VIII jack-up drilling unit....
The Company has still not received an approval of the Beluga Energy (Beluga) farmout as presented to MINMIDT in September 2021. However, the Company has now informed the Minister that, upon receiving the extension of the First License Period, it will no longer be seeking approval of the farmout in its current form. There are a number of reasons for this, but the most important is that during the last six months while the Government of Cameroon was conducting due diligence on the proposed transaction, the market environment has changed considerably. In particular, the Company has been in discussion with local banks in Cameroon (including the bank with which it previously discussed this transaction in 2019) and the Company now believes that debt financing may be available to cover a significant portion of the well cost. This should allow a restructured transaction which would require less of the equity in the project to be given up in return for the well funding, to the advantage of all parties. It should also be noted that a restructured transaction (as contemplated in the original farmout documents) does not require government approval.

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Re: Hal's oily roundup

#499782

Postby Hallucigenia » May 11th, 2022, 10:07 am

Relatively quiet one today, just companies reporting quite how much money they are making, and passing some of it on to shareholders.

I've now automated the processing of some of the regular buyback announcements - to give you an idea of what I'm up against, even the Capricorn and Wentworth ones manage to be rather different despite being "simple" ones. Whereas BP and Shell need different processing again as they're buying on three exchanges and so put it in a table - but BP report theirs in vertical columns and Shell in horizontal rows. You would have thought in this day and age there could be a standard format that would save everyone a lot of time by being able to automate this kind of stuff, but it's surprisingly clunky when you get down to that level of detail.

Brent=$105.57(May)            WTI=$102.8(May,Brent-2.77)     Nymex gas=$7.42(May)   
NBP =145.77p(May,Nymex+10.59) TTF=€96.700(June,Nymex+22.53) JKM=$22.980(June,Nymex+15.56)

Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05000714L/
They bought back 52,482 shares at 208.01p = £109,167.81

Today 07:00 TransGlobe Energy (TGL)
1st Quarter Results
https://www.investegate.co.uk/transglob ... 00050363L/
§ First quarter sales averaged 11,964 boe/d including one cargo lifting of 459.6 Mbbls of entitlement crude oil sold for net proceeds of $36.5 million;
§ Average realized price for Q1-2022 sales of $75.70/boe; Q1-2022 average realized price on Egypt sales was $81.49/bbl and Canadian sales of $52.11/boe;
§ Funds flow from operations of $27.1 million ($0.37 per share) in the quarter;
§ First quarter net earnings of $48.8 million ($0.67 per share),inclusive of an $8.0 million gain on concession merger, a $1.4 million unrealized derivative loss on commodity contracts and a $26.0 million non-cash impairment reversal on the Company's petroleum and natural gas ("PNG") assets;
§ Ended the first quarter with positive working capital of $60.4 million, including cash of $37.2 million;
§ Achieved consolidated netbacks of $28.45 per boe, an increase of 54% from the previous quarter primarily due to: the Company'simproved economic interest under the Merged Concession agreement previously announced on January 20, 2022; improved natural gas prices in Canada; and an overall increase in commodity prices;
§ Adopted a distribution policy to allocate a minimum of 75% of its annual free cash flow to shareholders through dividends and share buybacks;
§ Subsequent to quarter end, the Company sold a ~450 Mbbl cargo of Egypt entitlement crude oil with proceeds expected in early June 2022;
§ The Company now expects capital spending to be in the range of $70.5 million (before capitalized G&A) to cover drilling program optimization in Canada; and, in Egypt, unexpected drilling problems on K-71 in the Eastern Desert, additional long-lead oil field equipment to manage supply challenges, and general inflation. The Company is screening its asset portfolio for the disposal of non-core assets that do not provide a material contribution to free cashflow to help offset this capital increase;and
§ Announced on March 16, 2022 a dividend of $0.10 per share ($7.3 million) payable to shareholders of record on April 29, 2022.

Today 07:00 Harbour Energy PLC (HBR)
Trading Update
https://www.investegate.co.uk/harbour-e ... 00030201L/
§ Q1 production averaged 215 kboepd, up c.35 per cent on Q1 2021; on track to meet full year guidance of 195-210 kboepd
§ Q1 operating costs of $14.1/boe; full year guidance unchanged at $15-16/boe
§ New wells on-stream at J-Area, AELE and Tolmount (UK); active 2022 rig programme including drilling underway at the Catcher- and J-Areas (UK) and the Andaman II licence (Indonesia)
§ Total capex (including decommissioning spend) of c.$160 million for Q1; full year guidance of $1.3 billion unchanged, an increase of c.40 per cent versus 2021 levels reflecting the increase in drilling activity
§ Continued progress on Harbour's UK CCS projects in line with the Group's goal of Net Zero by 2035
§ Net debt reduced to $1.7 billion at 31 March from $2.3 billion at 31 December 2021
§ Proposed final dividend of $100 million (8.4505 pence per share) for full year 2021 to be paid on 18 May, subject to shareholder approval

Today 07:00 Zephyr Energy PLC (ZPHR)
First Quarter 2022 Sales Update
https://www.investegate.co.uk/zephyr-en ... 00050362L/
Q1 sales from the Company's Williston Basin portfolio averaged circa 1,600 barrels of oil equivalent per day ("boepd") net to Zephyr, up from 548 boepd in Q4 2021....First quarter revenues totalled US$11.5 million net to Zephyr, and Q1 average operating expenditure was US$11.87 /boe demonstrating the high profit margin realised from the hydrocarbons sold during the period....The Company has currently hedged just under half of its forecast non-operated production over the next two years. Using an average hedged production price of US$98 for the remainder of the year and using US$90 flat for the remainder of its anticipated production, the Company forecasts a range of US$35-40 million in revenue from production for FY 2022 from its non-operated portfolio based on forecast production range of 500,000 - 550,000 boe during the year.

Today 07:00 Capricorn Energy PLC (CNE)
Annual General Meeting Chief Executive's Statement
https://www.investegate.co.uk/capricorn ... 00020135L/
We are pleased with the progress made in our Egyptian operations in the seven months since acquisition and continue to work with our respective JV partners to optimise the development programme and deliver growth. Notably, we have a near term focus on liquids production in the current strong oil price environment. We expect to deliver production within the previously stated guidance range of 37,000 - 43,000 boepd for 2022, with expected capital and operating cost guidance for Egypt also unchanged. We anticipate being towards the upper end of previously guided liquids percentage of production (35-40%).

Today 07:00 i3 Energy PLC (I3E)
Dividend Increase & June 2022 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 00050293L/
i3 is pleased to announce that due to the ongoing exceptional performance of its production assets, positive results from the initial phase of its 2022 development drilling programme, and continuing commodity price strength and the resultant positive impact on our cash flow projections, the Company has decided to increase the minimum dividend to be paid in 2022 by 25% from £11.827mm to £14.784mm. The increase will be implemented by increasing the monthly dividend.
i3 announces its June 2022 dividend totalling £1.6052 million and confirms the following:
Dividend: 0.1425 pence/share

Today 07:00 PetroTal Corp. (PTAL)
Exercise of Performance Share Units
https://www.investegate.co.uk/petrotal- ... 00050243L/
the Company has issued 324,659 Common Shares to a former employee pursuant to the vested Performance Share Units ("PSUs")

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00020074L/
They bought back 18,871,319 shares at 407.212p = £76,846,266.84

Today 07:00 Kistos PLC (KIST)
Notice of Annual General Meeting
https://www.investegate.co.uk/kistos-pl ... 00050150L/
The board of directors of Kistos plc (AIM: KIST) announces that the Annual General Meeting ("AGM") of the Company will be held on 9 June 2022 at 11.00 a.m. as a virtual meeting.

Yesterday 17:07 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0745H2497/
They bought back 3,567,000 shares at £22.279 = £79,467,739

Yesterday 16:29 Capricorn Energy PLC (CNE)
Director/PDMR Shareholding
https://www.investegate.co.uk/capricorn ... 29039976K/
Capricorn announces that, on 6 May 2022, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of 21/13 pence each in the Company ("Ordinary Shares") in the market at a price of £2.076 per Ordinary Share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.

Yesterday 16:03 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 03109960K/
On 06-May-2022, Bank of America Corporation increased from 0.005% to 6.122%.

Yesterday 15:15 TotalEnergies SE (TTE)
TotalEnergies Pursues Its Development in Floating Offshore Wind With the Start of Construction of a First Farm in France
https://www.investegate.co.uk/totalener ... 1500Z3903/
is pleased to announce the start of construction of the Eolmed project, operated by Qair and in which TotalEnergies has a 20% stake. This 30 MW project is located more than 18 km off the coast of Gruissan and Port la Nouvelle (Occitan region). The start of production is expected by 2024.

Yesterday 14:27 Prospex Energy PLC (PXEN)
Holding(s) in Company
https://www.investegate.co.uk/prospex-e ... 27229867K/
On 06/05/2022, James & Olga Simmons holding via Jarvis Nominees Ltd. increased from 4.98% to 5.29%.

Yesterday 12:11 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 11149680K/
On 09/05/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group increased from 16.86% to 17.02%.

Hallucigenia
Lemon Quarter
Posts: 2618
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Re: Hal's oily roundup

#500049

Postby Hallucigenia » May 12th, 2022, 11:29 am

Somebody obviously didn't like the Serinus results or AGM statement despite reporting netbacks of $149/boe, which is just insane but goes to show how much money is being made in European gas at the moment. Predator's update is interesting, talking up the EU requirement for 80% gas storage by this winter, and impact of sanctions on availability of Russian steel for renewable projects.

Brent=$106.03(May)              WTI=$104.23(May,Brent-1.80)     Nymex gas=$7.34(May)   
NBP =168.45p(May,Nymex+13.24) TTF=€106.755(June,Nymex+25.34) JKM=$23.375(June,Nymex+16.04)

Today 11:01 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 01172819L/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's been in the usual range.

Today 11:01 Serinus Energy PLC (SENX)
Price Monitoring Extension
https://www.investegate.co.uk/serinus-e ... 01042817L/
https://uk.finance.yahoo.com/quote/SENX.L/chart
On the day it's collapsed -20.5% having touched -24%. Over the last 2 weeks it's down -18.3%.

Today 10:42 Serinus Energy PLC (SENX)
AGM Results
https://www.investegate.co.uk/serinus-e ... 42442718L/
AIM:SENX, WSE:SEN) is pleased to report that at the Annual General Meeting of shareholders ("AGM") held on 12 May 2022, all resolutions were duly passed. The voting results for the Ordinary Resolutions and Special Resolution presented to...

Today 10:00 PJSC LukOil (LKOD)
Re Agreement with Shell
https://www.investegate.co.uk/pjsc-luko ... 00252671L/
LUKOIL AGREES TO ACQUIRE RUSSIAN DOWNSTREAM ASSETS OF SHELL
PJSC "LUKOIL" announces conclusion of an agreement with subsidiaries of Shell plc (hereinafter, "Shell") to acquire 100% share in Shell Neft, which conducts retail petroleum products sales and lubricants production in Russia. The assets of Shell Neft include 411 retail stations, primarily located in the Central and Northwestern federal districts of Russia, and lubricants blending plant located in Tver region.

Today 07:12 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 12462425L/
They bought back 36,065 shares at 204.91p = £73,900.79

Today 07:00 Serinus Energy PLC (SENX)
Interim Results for 3 months ended 31 March 2022
https://www.investegate.co.uk/serinus-e ... 00081913L/
· Revenue for the three months ended 31 March 2022 was $13.4 million (31 March 2021 - $7.6 million)
· The Company generated net income of $1.0 million (31 March 2021 - $1.0 million loss)
· The Company realised a net price of $184.57/boe for the three months ended 31 March 2022, comprising:
· The Group's operating netback remained strong for the three months ended 31 March 2022 and was $148.88/boe (31 March 2021 - $23.90/boe) [!!!!!]
· Capital expenditures of $1.5 million (31 March 2021 - $3.5 million), comprising:
· Cash balance as at 31 March 2022 was $6.2 million
· Well permitting is underway and rig availability has been determined for a multi-well drilling program in the latter half of 2022 in Romania
· The Company has signed a rig contract and is awaiting rig mobilization from another operator and the workover and pump installation at the Sabria W-1 well will commence as soon as the rig is available
· Upon completion of the workover and pump installation at Sabria W-1, the rig will move to the Sabria N-2 well to perform a workover to recomplete the well. All materials required for this intervention are sourced
· Production for the period averaged 1,115 boe/d

Today 07:00 Touchstone Explrtn. (TXP)
FIRST QUARTER 2022 FINANCIAL AND OPERATING RESULTS
https://www.investegate.co.uk/touchston ... 00082402L/
· Achieved quarterly average production volumes of 1,396 barrels per day ("bbls/d"), representing a 4 percent increase relative to the preceding quarter and an 8 percent increase from the 1,297 bbls/d produced in the first quarter of 2021.
· Realized petroleum sales of $10,496,000 from an average crude oil price of $83.55 per barrel compared to petroleum sales of $8,212,000 from average realized pricing of $66.81 per barrel in the fourth quarter of 2021.
· Generated an operating netback of $37.83 per barrel, a 26 percent increase from the fourth quarter of 2021 and a 72 percent increase from the $21.98 per barrel reported in the first quarter of 2021.
· Recognized a net loss of $236,000 and comprehensive income of $164,000, compared to a net loss of $460,000 and comprehensive loss of $415,000 reported in the same period of 2021.
· Capital investments of $2,554,000 focused on continuing production testing operations on the Royston-1 well, expenditures related to the Coho-1 facility and pipeline and lease preparation costs for two Coora development well locations.
· Exited the quarter with cash of $10,148,000, a working capital surplus of $4,259,000 and $30,000,000 drawn on our term credit facility, resulting in a net debt position of $21,241,000.
· Daily crude oil sales averaged 1,532 bbls/d in April 2022 with a realized price of $91.79 per barrel.
· Coho pipeline has been welded, with trenching operations progressing toward anticipated initial production within four to six weeks.
· The National Gas Company of Trinidad and Tobago ("NGC") has agreed to purchase the Coho pipeline upon completion and commissioning.
· Received a review and assessment report in response to our Cascadura area Environmental Impact Assessment ("EIA") application with no material deficiencies raised.
· NGC has received regulatory approval to construct a 20-inch natural gas pipeline from our Cascadura surface facility to their onshore transmission pipeline network.

Today 07:00 Predator O&G Hldgs (PRD)
Operations Update and Directorate Changes
https://www.investegate.co.uk/predator- ... 00071885L/
· Purchase orders being issued for sourced long-lead well items, including 4 wellheads
· Schedule for rigless testing MOU-1 to be aligned with mobilisation of drilling services with option to include additional shallower sand for perforating
· Environmental Impact Assessment for MOU-4, MOU-5 and MOU-NE well locations approved
· Civil works contract awarded to build first well location
· Star Valley rig option secured as previously negotiated for MOU-1 drilling contract
· MOU-4 and MOU-5 to potentially prove up High Estimate 708 BCF net recoverable
· MOU-NE Prospect seismic mapping confirms area of closure of 102 km² for Jurassic target
· Fully funded to meet all well planning and well preparation activities in Morocco.
· Two potential farminees for the Guercif Licence selected from initial responders for further discussions
· Company's commercial proposal includes past costs; disproportionate share of costs for 3-well drilling programme and "Put Option" to buy out residual project equity
· Final information provided to the regulatory authorities for Ram Head and Corrib South applications for successor authorisations prior to a decision being made
· Commercial terms provided to FRAM Exploration Trinidad for an asset swap to settle issues relating to the terminations of the Inniss-Trinity Pilot CO2 EOR Project
· Green hydrogen option being pursued with initial focus on Romanian opportunities
· Board refreshed with two new Non-executive Directors with experience compatible with the medium-term financial requirements of the Company's business development strategy
The situation between Russia and Ukraine has meant that the supply chain of key pieces of inventory used by the oil and gas sector has been constrained and delayed by its impact on the manufacture of components that require steel. This is not just a problem for the oil and gas sector but also for the renewable energy sector and particularly wind turbines, as was reported at Ireland's recent National Energy Summit....the National Energy Summit only served to highlight that immediate goals for increasing the renewable energy share of the electricity generation in Ireland by 2030 were not realistic following the development of the situation between Ukraine and Russia. The security and cost of gas supply in Ireland was not adequately addressed and there was no credible plan presented to determine how Ireland was to create an independent ability to meet the European Union's guidance for Member States to have 80% gas storage capability by winter 2022/2023....
the Company will commission an independent valuation of the green hydrogen company targeted for a possible acquisition and, subject to the results of the independent valuation, will provide initially a modest investment for shares in the target company, subject to due diligence, to provide additional working capital to develop an opportunity for green hydrogen in Romania.

Today 07:00 Genel Energy PLC (GENL)
Trading and operations update
https://www.investegate.co.uk/genel-ene ... 0009EEQJI/
$95 million cash proceeds received in Q1 2022 from the Kurdistan Regional Government
Free cash flow of $43 million in Q1 2022
Margin of $30/bbl in Q1 2022 (2021: $24/bbl), with Brent averaging $102/bbl (2021: $71/bbl)
Capital expenditure of $35 million in Q1 2022, of which $19 million was spent at Tawke, and $12 million at Sarta
Of the $35 million total invoiced for December 2021 oil sales, $17 million was received in Q1 2022, with $18 million of invoices being received after period end
Cash of $356 million at 31 March 2022 ($314 million at 31 December 2021)
Net cash of $86 million at 31 March 2022 ($44 million at 31 December 2021)
Net production of 30,520 bopd in Q1 2022, in line with guidance
Guidance reiterated, with production for 2022 at around the same level as the 2021 average
The Board is recommending the approval of a final dividend of 12¢ per share (2021: 10¢ per share) at today’s AGM, a distribution of $33.5 million, as we continue to fulfil our aim of paying a progressive dividend

Today 07:00 Canadian O'Seas Petr (COPL)
COPL Q1-22 Results & Investor Meet Company Call
https://www.investegate.co.uk/canadian- ... 00051859L/
its Financial Statements and Management Discussion and Analysis for the Quarter ending March 31, 2022 (the "Q1-22 Results") will be filed on http://www.sedar.com and the Company's website http://www.canoverseas.com after Canadian stock exchange hours on Monday May 16, 2022. A news release with respect to the Q1-22 Results will be made at 7am London, UK on May 17, 2022.

Today 07:00 TransGlobe Energy (TGL)
Transglobe Announces AGM Voting Results
https://www.investegate.co.uk/transglob ... 00081992L/
All approved - but :
Mr. Ross Clarkson, founder and past CEO and President of TransGlobe, decided not to stand for re-election at this year's shareholder meeting. Mr. Clarkson has had a longstanding, positive collaboration with the senior management and the Board of Directors. His decision to not stand was driven by the preliminary voting results of the shareholders at the upcoming AGM.

Yesterday 18:22 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 22161821L/
They bought back 19,095,430 shares at 414.958p = £79,237,959.31

Yesterday 17:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00071520L/
On 05-May-2022, GIC Private Limited (SG) reduced from 5.893% to 4.99%.

Yesterday 16:54 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5422H2766/
They bought back 3,612,000 shares at £22.858 = £82,561,407

Yesterday 16:25 Nostrum Oil & Gas (NOG)
Issuance of Practice Statement Letter
https://www.investegate.co.uk/nostrum-o ... 25041634L/
a further update on the ongoing 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...The Company is proposing the Scheme in order to implement the proposed financial restructuring (the "Restructuring" ) of the Group in the manner described and contemplated in the Lock-Up Agreement....The Lock-Up Agreement is available to the Scheme Creditors only

Yesterday 15:58 Clontarf Energy PLC (CLON)
Notice of General Meeting
https://www.investegate.co.uk/clontarf- ... 58561600L/
announces that a circular has been sent to shareholders convening a general meeting ("GM") which will be held at 11 a.m. on 2 June 2022, at Canal Court Hotel, Merchants Quay, Newry BT35 8HF. The circular, which includes a letter from the Chairman, may be found on the Company's website at https://clontarfenergy.com/corporate-publications/

Yesterday 15:40 Eco (Atlantic) O&G (ECO)
TSXV Approval for Closing of Azinam Acquisition
https://www.investegate.co.uk/eco--atla ... 40051574L/
is pleased to announced, further to its announcement of 28 March 2022 regarding the acquisition by of Azinam Group Limited ("Azinam") , that it has now received clearance from the TSX Venture Exchange in respect of the Personal Information Forms of the directors of Azinam Group Holdings Limited ("Azinam Group Holdings"), the vendor of Azinam. Accordingly, the Company will now issue the remaining 17,874,174 common shares in the capital of Eco ("Common Shares") to Azinam Group Holdings (the "Second Tranche").

Yesterday 15:30 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 30051488L/
Shares acquired through participation in the BP ShareMatch UK Plan

Yesterday 15:17 Lekoil Limited (LEK)
Notice of GM
https://www.investegate.co.uk/lekoil-li ... 17421538L/
an Extraordinary General Meeting ("EGM") of the Company will be held on 27 May 2022 at 4.00 p.m. British Summer Time (BST) at the Company's registered office at Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, KY1-9001, Cayman Islands. The EGM has been called for shareholders to:
· approve the appointment of Bright Grahame Murray as the Company's auditors; and
· to authorise the Directors to fix the remuneration of the Auditors.

Yesterday 15:13 Capricorn Energy PLC (CNE)
Result of AGM
https://www.investegate.co.uk/capricorn ... 13311528L/
at the Annual General Meeting held earlier today, all resolutions set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority

Yesterday 14:09 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 09221457L/
On 10-May-2022, > holding via Monecor (London) Ltd Trading as ETX Capital reduced from 9.491% to 7.75%.

Yesterday 14:05 Harbour Energy PLC (HBR)
Result of Meeting - Correction
https://www.investegate.co.uk/harbour-e ... 05421420L/
In RNS announcement 1326L, the Company's issued share capital figure was incorrectly stated. The correct figure is included below. All other details from announcement 1326L remain unchanged.
At the Company's General Meeting held today, 11 May 2022, at No. 11 Cavendish Square, London, W1G 0AN at 10.30am, the resolutions to approve the proposed capital reduction were voted on by way of a poll and duly approved.

Yesterday 13:47 Harbour Energy PLC (HBR)
Result of AGM - Correction
https://www.investegate.co.uk/harbour-e ... 47331423L/
In RNS announcement 1305L, the Company's issued share capital figure was incorrectly stated. The correct figure is included below. All other details from announcement 1305L remain unchanged.
The Annual General Meeting ("AGM") of the Company was held today, 11 May 2022, at No. 11 Cavendish Square, London, W1G 0AN at 10.00am. Each of the resolutions contained in the Notice of Meeting were put to the AGM, voted on by way of a poll and duly approved.

Yesterday 11:58 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 5813H2675/
Shell plc announces that each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have been made a conditional award of performance shares of Shell plc under the Long Term Incentive Plan (“LTIP”), subject to performance conditions

Hallucigenia
Lemon Quarter
Posts: 2618
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#500235

Postby Hallucigenia » May 13th, 2022, 11:38 am

Entering the summer lull - I've no idea what the politics are behind Novatek being allowed to keep their ADRs but that's kinda interesting. Gulf Marine have survived their near-death experience and things seem to be going well for them now as you'd expect, with 2022 day rates up 12% and utilisation up 7 points. Romgaz are now paying 10x the tax they were! Clontarf are an interesting do-or-die punt, £10m market cap and 10% of a 7tcf prospect about to drill. Don't know if their Aussie partners Global Oil and Gas (ASX:GLV) and Prominence Energy (ASX:PRM) are worth looking at.

Brent=$108.88(May)           WTI=$107.43(May,Brent-1.45)     Nymex gas=$7.77(May)   
NBP =155p(May,Nymex+11.11) TTF=€102.000(June,Nymex+23.25) JKM=$23.530(June,Nymex+15.76)

Today 10:49 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 4900Z9407/
Sale: unwinding of the subfund “TotalEnergies France Capital + 2017”

Today 10:00 Hurricane Energy PLC (HUR)
Posting of Annual Report & Financial Statements
https://www.investegate.co.uk/hurricane ... 00042527L/
that electronic copies of its Annual Report and Group Financial Statements for the year ended 31 December 2021 ("Annual Report") have been published today in the Investors section of the Company's website at http://www.hurricaneenergy.com. Alongside the Annual Report, Hurricane has also published its Environmental, Social and Governance (ESG) Report

Today 09:36 Velocys PLC (VLS)
Investor Presentation
https://www.investegate.co.uk/velocys-p ... 36304328L/
will provide a live presentation relating to the results for the period ending 31 December 2021 via the Investor Meet Company platform on Friday 20th May 2022 at 1:00pm BST .

Today 09:00 Gulf Keystone Petrol (GKP)
Total Voting Rights
https://www.investegate.co.uk/gulf-keys ... 00043354L/
of business on 10 May 2022, Gulf Keystone had 216,247,533 common shares of $1.00 each in issue, none of which were held in Treasury.

Today 08:11 PAO Novatek (NVTK)
Depositary Receipt Program Continues
https://www.investegate.co.uk/pao-novat ... 11554217L/
the Russian Federation Government Commission on Monitoring Foreign Investment authorized PAO NOVATEK not to terminate its Global Depository Receipt (GDR) program and to continue GDR circulation outside the Russian Federation.

Today 07:57 TotalEnergies SE (TTE)
United States: TotalEnergies Wins Maritime Lease to Develop a 1 GW Offshore Wind Farm off North Carolina’s Coast
https://www.investegate.co.uk/totalener ... 5700Z9208/
named a winner by the Bureau of Ocean Energy Management of maritime lease area OCS-A 0545 in the United States, as part of the Carolina Long Bay auction held on Wednesday, May 11, 2022. This bid for the development of an offshore wind farm in the Carolina Long Bay area offshore North Carolina was won for a consideration of US$ 160 million by TotalEnergies.

Today 07:28 IOG PLC (IOG)
Issue of Equity and PDMR Shareholding
https://www.investegate.co.uk/iog-plc-- ... 28284158L/
each in the capital of the Company ("Ordinary Shares") following exercises of options over Ordinary Shares ("Options") by employees of the Company.

Today 07:17 Canadian O'Seas Petr (COPL)
Holding(s) in Company
https://www.investegate.co.uk/canadian- ... 17574157L/
On 20-Apr-2022, Clarendon Trust - Sub Fund B reduced from 3.87% to below threshold.

Today 07:14 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 14184153L/
They bought back 585,660 shares at 197.79p = £1,158,376.91

Today 07:10 Gulf Marine Services (GMS)
Annual Financial Report
https://www.investegate.co.uk/gulf-mari ... 10244144L/
· Revenue increased by 12.3% to US$ 115.1 million (2020: US$ 102.5 million) driven by increased utilisation in higher earning E- and S-Class vessels.
· Adjusted EBITDA1 increased to US$ 64.1 million (2020: US$ 50.4 million) and adjusted EBITDA margin improved to 56% (2020: 49%).
· US$ 15.0 million reversal of prior years impairment compared to an impairment charge of US$ 87.2 million in 2020, reflecting Group's improved long-term outlook.
· First reported net profit since 2016 at US$ 31.2 million (2020: net loss of US$ 124.3 million). Adjusted net profit2 of US$ 18.0 million (2020: adjusted net loss of US$ 15.3 million).
· Interest on bank borrowings reduced by 37% to US$ 17.5 million (2020: US$ 27.6 million) following refinancing of the Group's debt facility and reduction in LIBOR with both margin and average LIBOR decreasing to 3.0% and 0.2% (2020: 5.0% and 1.0%).
· Net bank debt [3] reduced to US$ 371.2 million (2020: US$ 406.3 million). Net leverage ratio [4] reduced to 5.8 times (2020: 8.0 times).
· Successful issuance of equity by 30 June 2021 removed potential event of default, which in turn removed material uncertainty as to the Group's ability to continue as a Going Concern reported in 2020.
· Average fleet utilisation increased by 4 percentage points to 85% (2020: 81%) with notable improvements in both S- and E-Class vessels at 98% (2020: 92%) and 72% (2020: 65%) respectively. Average utilisation for K-Class vessels remained flat at 86% (2020: 86%).
· Average day rates marginally increased to US$ 25.7k (2020: US$ 25.3k) with recent awards in the second half of the year showing significant improvement.
· New charters and extensions secured in year totalled 9.6 years (2020: 6.6 years).
· Secured utilisation for 2022 currently stands at 88% against actual utilisation of 81% in 2021.
· Average secured day rates over 12% higher than 2021 actual levels.
· EBITDA guidance of between US$ 70-US$ 80 million maintained for the current financial year.
· Group anticipates net leverage ratio to be below 4.0 times by the end of 2022.

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Q1 2022 Report
https://www.investegate.co.uk/s.n.g.n.- ... 00014131L/
In the first quarter (Q1) 2022, Romgaz Group recorded a revenue of RON 3,925.8 million, increased by 195.78%, namely RON 2,598.5 million, as compared to the revenue achieved in Q1 2021. Compared to Q4 2021, the revenue increased by 66.6%.
Net consolidated profit of RON979.6 million was higher by 111.24%, namely by RON 515.9 million, compared to the same period of the previous year. Compared with Q4 2021, net profit increased by 29.13%.
Net consolidated earnings per share (EPS) was RON2.5.
The achieved margins of the consolidated net profit (24.95%), consolidated EBIT (28.97%) and consolidated EBITDA (31.24%) decreased as compared to Q1 2021 (34.94%; 41.33% and 52.42% respectively) but remain at high levels. Decreases in the percentage rates of these indicators are generated by the windfall tax and petroleum royalty which increased from RON 201.0 million in Q1 2021 to RON 2,303.9 million in Q1 2022 (+1,046.2%). Compared to Q4 2021, these expenses were 14.77% higher.

Today 07:00 President Energy PLC (PPC)
Q1 Argentina Financial Results
https://www.investegate.co.uk/president ... 00033646L/
· Turnover of US$8.7 million. President is currently projecting turnover in Argentina for the full year in excess of US$40 million
· The results do not include any beneficial impact from the successful new wells in Salta. These are expected to positively impact results from this current Q2 (see below)
· EBITDA* and free cash generation for the quarter of US$4.5 million
· Profit before tax for the first three months of US$5.3 million, after tax US$4.5 million
· Average oil price received in Rio Negro of US$54 per barrel which has since the quarter end increased by 8% and is projected to increase further this year

Today 07:00 UK Oil & Gas PLC (UKOG)
One-year work programme on PEDL137 Horse Hill
https://www.investegate.co.uk/uk-oil--- ... 00033685L/
the North Sea Transition Authority (formerly the Oil and Gas Authority) has granted a one-year extension to the agreed Retention Area work programme of the Company's operated PEDL137 licence (UKOG 85.635%) containing the producing Horse Hill oil field and its underlying Kimmeridge oil pool. The extension grants an additional year in which to drill a second Horse Hill Kimmeridge well, with the commencement of drilling to be prior to 30th September 2023.

Today 07:00 Reabold Resources (RBD)
Appointment of Chief Financial Officer
https://www.investegate.co.uk/reabold-r ... 00043660L/
is pleased to announce the appointment of Chris Connolly as Chief Financial Officer to the Company. Chris has over 16 years of experience in the resource industry and joins the Company from EnQuest PLC, where he was Group Financial Controller.

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00013620L/
They bought back 19,427,872 shares at 403.974p = £78,483,494.75

Yesterday 17:53 BP PLC (BP.)
2022 AGM poll results
https://www.investegate.co.uk/bp-plc--b ... 53103567L/
BP p.l.c. held its Annual General Meeting on 12 May 2022 and announces the results of the voting below.

Yesterday 16:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5804H3087/
They bought back 3,698,000 shares at £22.549 = £83,387,925

Yesterday 16:41 Zephyr Energy PLC (ZPHR)
Investor Webinar
https://www.investegate.co.uk/zephyr-en ... 41503426L/
the presentation to be used by Colin Harrington, the Company's Chief Executive Officer, at the Turner Pope / Vox Markets Webinar this evening is now available on the Company's website http://www.zephyrplc.com or can be accessed directly via this link: https://www.zephyrplc.com/presentation-may-22 Colin will be presenting at 5.30pm (UK local time) on https://us02web.zoom.us/webinar/registe ... T1iX5MXXJQ

Yesterday 16:36 Empyrean Energy PLC (EME)
Price Monitoring Extension
https://www.investegate.co.uk/empyrean- ... 36353421L/
https://uk.finance.yahoo.com/quote/EME.L/chart
On the day it's down -7.2%. Over the last 2 weeks it's dropped -44.3%.

Yesterday 16:12 Hellenic Petroleum (HLPD)
1st Quarter Results
https://www.investegate.co.uk/hellenic- ... 12123378L/
HELLENIC PETROLEUM Holdings S.A. announced its 1Q22 consolidated financial results, with Adjusted EBITDA at €99m (+54%) and Adjusted Net Income at €4m.
The positive results reflect mainly the improved performance of Refining, Supply & Trading, on the back of stronger benchmark refining margins and increased domestic market fuel demand, which offset the negative impact of the energy crisis on operating costs. Refining production amounted to 3.1m MT (-16% vs 1Q21), as Elefsina refinery underwent a full Turnaround, which was safely and successfully completed in the beginning of 2Q22. Sales volumes amounted to 3.3m MT (-4%), on increased trading, which partially offset reduced production. Demand recovery across all our markets, which was affected by mobility restriction measures during 1Q21, led to an increase in volumes and contribution for both Domestic and International Marketing.
Reported EBITDA amounted to €501m, with Reported Net Income at €347m, benefiting from inventory valuation gains on the back of the rise in international oil prices, as well as the IFRS accounting treatment of EUAs, which is expected to reverse in the coming quarters.
- Realized HELPE System margin amounted to $9.0/bbl, with significant overperformance vs benchmarks, vs $6.8/bbl in 1Q21.

Yesterday 12:48 Genel Energy PLC (GENL)
Results of AGM
https://www.investegate.co.uk/genel-ene ... 4854ESCYW/
The Annual General Meeting of Genel Energy plc was held today, Thursday, 12 May 2022 and the results of the votes by shareholders are set out below.

Yesterday 11:53 Clontarf Energy PLC (CLON)
Update on Sasanof-1 well
https://www.investegate.co.uk/clontarf- ... 53373004L/
• Valaris MS-1 rig is anchored in the Dampier outer harbour (North Western Australia) and is scheduled to commence tow to the Sasanof-1 location on 16 May 2022...
• Drilling operations are expected to start on 24 May 2022.
ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P501), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P101).
• Clontarf Energy Plc (AIM: CLON) - 10%
• Western Gas (Operator) - 52.5%
• Global Oil and Gas (ASX:GLV) - 25%
• Prominence Energy (ASX:PRM) - 12.5%

Hallucigenia
Lemon Quarter
Posts: 2618
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Re: Hal's oily roundup

#500716

Postby Hallucigenia » May 16th, 2022, 10:39 am

Results from DEC and Union Jack, and Lekoil are moving from AIM to Aquis which is probably for the best although their legal dramas in Nigeria have been entertaining for those not involved. Notable that WTI is now within a dollar of Brent, wonder when that last happened.

Brent=$109.81(May)              WTI=$108.84(May,Brent-0.97)     Nymex gas=$7.81(May)   
NBP =156.82p(May,Nymex+11.37) TTF=€95.000(June,Nymex+21.24) JKM=$23.433(June,Nymex+15.62)

Today 09:13 PAO Novatek (NVTK)
NVTK Starts Production at Yevo-Yakhinskiy Cluster
https://www.investegate.co.uk/pao-novat ... 13495986L/
NOVATEK-Yurkharovneftegas has started pilot production from gas condensate deposits at the Yevo-Yakhinskiy Cluster including the Yevo-Yakhinskoye and Ust-Yamsoveyskoye fields, as well as part of the Urengoyskoye field (within the boundaries of the Olimpiyskiy license area). The annual production level at the Yevo-Yakhinskiy Cluster is 4 bcm of natural gas and 1.3 mmt of gas condensate.

Today 08:52 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 52295960L/
On 11-May-2022, Bank of America Corporation increased from 6.122% to 6.231%.

Today 08:46 PJSC Tatneft (ATAD)
Tatneft Sells Tire Business
https://www.investegate.co.uk/pjsc-tatn ... 46155955L/
PJSC Tatneft signed an agreement to sell the tire business of Tatneft Group to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group.
[I found something from last October that said of Tatneftekhiminvest-holding "The main shareholders are Svyazinvestneftekhim, Tatneft, Nizhnekamskneftekhim, Kazanorgsintez, Nizhnekamskshina, Tatnefteproduct." which are mostly big chemical companies.]

Today 08:29 TotalEnergies SE (TTE)
Methane Emissions Reduction: TotalEnergies Implements a Worldwide Drone-Based Detection Campaign
https://www.investegate.co.uk/totalener ... 2900Z1004/
has launched a worldwide drone-based emissions detection and quantification campaign across all its upstream Oil & Gas operated sites....AUSEA consists of a miniature dual sensor mounted on a drone, capable of detecting methane and carbon dioxide emissions, while at the same time identifying their source. Measurements can be taken at all types of industrial facility, whether onshore or offshore, using this technology. It supplements measurements taken using traditional techniques such as infrared cameras, ground sensors and satellite.

Today 07:59 88 Energy Limited (88E)
AGM Results
https://www.investegate.co.uk/88-energy ... 59495895L/
Limited ("88 Energy" or the "Company", ASX & AIM:88E) confirm that at the Annual General Meeting ("AGM") of the Company held earlier today Resolutions 1 to 4 and 6-10 were duly carried, with Resolution 5 (Approval of 7.1 Mandate) not carried.
[ASX Rule 7.1A allows companies to increase their placement capacity from 15% to 25% for 12 months]

Today 07:19 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 19005829L/
They bought back 52,231 shares at 201.19p = £105,083.55

Today 07:02 Diversified Energy (DEC)
First Quarter 2022 Trading Statement
https://www.investegate.co.uk/diversifi ... 02065322L/
Declared 1Q22 interim dividend of 4.25 cents per share, consistent with 4Q21: up 6% vs. 1Q21
• Acquired Central Region (East Texas) producing assets, adding scale to operations (previously announced on 26 April)
• Acquired Central Region midstream and processing facility assets complementing vertical integration to improve Cash Margins through higher pricing and lower expenses
• Acquired second Appalachian well plugging company, expanding capacity by 33% with two additional crews (8 total)
• Exit rate production of 136 Mboepd (816 MMcfepd); Average 1Q22 production of 134 Mboepd (803 MMcfepd) inclusive of temporary weather-related impacts
• Realised 48% Cash Margin(a) (70% Unhedged Cash Margin) with higher realised prices partially offsetting elevated price-linked, largely-variable expenses
• Hedged additional 2023 and 2024 natural gas volumes(b) with an average NYMEX floor price 53% and 26% higher, respectively, versus the Company's portfolio average as of 17 March 2022
• After successful ABS financings in February, ~90% of borrowings are fixed rate, fully amortising, largely investment grade notes that insulate from rising interest rates
• 2.2x Net Debt / Hedged Adjusted EBITDA leverage ratio(c) as of 31 March 2022 pro forma for recent acquisitions
• ~$350 million of liquidity(d)
The Company recorded exit rate production in March of 136 Mboepd (816 MMcfepd), consistent with the Company's estimated ~8-9% annual decline rate, and delivered 1Q22 average net daily production of 134 Mboepd (803 MMcfepd), unchanged vs. 4Q21 reflecting temporary winter weather related impacts. Production levels continue to improve entering 2Q22 as weather moderates and reflecting the added East Texas assets (current gas production of 3.7 MBoepd / 22 MMcfepd) as previously announced on 26 April 2022.

Today 07:00 Union Jack Oil PLC (UJO)
Final Results for the Year Ended 31 December 2021
https://www.investegate.co.uk/union-jac ... 00065324L/
• Cash balances and near-term receivables of £7,545,575 as at 9 May 2022
• Debt free
• Company solicitors progressing legal work on Capital Reduction to enable the Company to execute a share-buy-back programme or dividend payment. Appropriate resolutions relating to this are included in the Notice of Annual General Meeting for shareholders to consider within the Annual Report
• The Company's AGM will be held at 11.00 a.m. on 23 June 2022, at the offices of Osborne Clarke, 2 Temple Back East, Temple Quay, Bristol, BS1 6EG
"The latest results at West Newton are highly encouraging regarding the prospects of the significant hydrocarbon discoveries made to date and their development potential, following an extensive testing and investigative programme conducted on both sides of the Atlantic by industry leading geological and geochemical consultancies.
"The Company is currently funded for all G&A, OPEX, and contracted or planned CAPEX costs, including any budgeted drilling activities, for at least the next 12 months.

Today 07:00 UK Oil & Gas PLC (UKOG)
NSTA HH-2z recompletion consent
https://www.investegate.co.uk/uk-oil--- ... 00065325L/
the North Sea Transition Authority ("NSTA"), formerly the Oil and Gas Authority, has now granted its formal consent for the recompletion (i.e., conversion) of Horse Hill-2z into a water reinjection well. The Company holds an 85.635% operated interest in the Horse Hill oil field...

Today 07:00 Nostra Terra O&G Co (NTOG)
Fouke 2 Production Rates Exceed Expectations
https://www.investegate.co.uk/nostra-te ... 00065273L/
is pleased to announce that the Fouke 2 well (NTOG 32.5% WI), at the Company's Pine Mills oil field in east Texas, has been completed, tested and is now on production.
· Fouke 2 well producing at 145 bopd greatly exceeding internal expectations
The Company also is pleased to announce, following completion of the Fouke 2 well, a substantial increase in average monthly net operating cashflow is anticipated. This is due to a combination of increased production from the Fouke wells combined with recent high oil prices. The Company is anticipating that free cash flow for the remainder of the year will be in excess of original internal budget forecasts as a result.

Today 07:00 Pantheon Resources (PANR)
Rig Contract Executed & Investor Presentation
https://www.investegate.co.uk/pantheon- ... 00065340L/
Pantheon has formally executed contracts for the Nabors 105AC drill rig to drill the Alkaid #2 well, scheduled to spud in July 2022....The Alkaid #2 well is a step out from the Alkaid #1 discovery well, which was drilled as a vertical test well and flow tested 108 barrels of oil per day through a six foot perforated interval. Alkaid #2 will be drilled horizontally to maximise flow rates and is expected to substantially exceed those seen at Alkaid #1....
Following Pantheon's recent technical webinar, the Company has decided to give an Investor Presentation to provide greater detail on the modelling of production performance scaling from vertical to horizontal wells. The Company will broadcast a short presentation at 5:00 pm BST today.

Today 07:00 Lekoil Limited (LEK)
Corporate Update
https://www.investegate.co.uk/lekoil-li ... 00065278L/
it has applied for admission of its Ordinary Shares to trading on the Access segment of the AQSE Growth Market operated by the Aquis Stock Exchange (AQSE) [the latest incarnation of Ofex]. It is expected that admission will occur on 18 May 2022 and that trading will commence on AQSE as soon as the audited accounts for the Company are released to the market, expected to be by the end of June 2022. [and cancelling their AIM listing]

Today 07:00 DG Innovate PLC (DGI)
Appointment of CEO
https://www.investegate.co.uk/dg-innova ... 00075196L/
is pleased to announce the appointment of Peter Tierney as the Company's new Chief Executive Officer, effective from 1 July 2022.... He was until recently Chairman and Chief Executive officer of Lewmar Marine Limited ("Lewmar Marine"), a private equity backed international marine manufacturing and distribution business . Peter was initially appointed to lead the turnaround of Lewmar Marine in 2008, quickly returning the business to profit and implementing a successful growth strategy that led to sales doubling, before the business was sold to a US trade buyer in 2019, generating a significant return for its private equity backers. Prior to joining Lewmar Marine, Peter was Chief Executive Officer of Vector Aerospace, based in Canada, an aerospace maintenance and operating business, between 2003 and 2008.

Today 07:00 88 Energy Limited (88E)
AGM Presentation
https://www.investegate.co.uk/88-energy ... 00054730L/
the Company's latest corporate presentation, presented at its AGM, will be available on the 88 Energy website at http://www.88energy.com .

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00035241L/
They bought back 10,000,000 shares at 409.844p = £40,984,446.00

Today 07:00 Diversified Energy (DEC)
First Quarter Dividend Announcement
https://www.investegate.co.uk/diversifi ... 00075351L/
Diversified Energy Company PLC (LSE:DEC) is pleased to announce that the Board has declared an interim dividend of 4.25 cents per share in respect of 1Q22

Today 07:00 Prospex Energy PLC (PXEN)
Conversion of Warrants and TVR
https://www.investegate.co.uk/prospex-e ... 00065249L/
it has received notice for the exercise of warrants to subscribe for 3,779,950 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to individuals pursuant to warrant agreements dated 23 February 2022 and 8 March 2021 which related to a placing announced by the Company in March 2021.

Today 07:00 Seplat Energy PLC (SEPL)
Corporate Announcement
https://www.investegate.co.uk/seplat-en ... 00055049L/
Further to the announcement made on November 17, 2021, Seplat Energy Plc ("the Company") confirms that Dr. A.B.C Orjiako will be retiring from the Board of the Company after the Annual General Meeting on 18 May 2022.

Today 07:00 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 00075290L/
On 12-May-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 7.75% to 6.97% and adjusted their shares vs other formats.

Friday 17:05 Nostrum Oil & Gas (NOG)
Notice of Annual General Meeting
https://www.investegate.co.uk/nostrum-o ... 05035115L/
the Annual Report and Accounts for the year ended 31 December 2021 have been posted to those shareholders that have not chosen to receive electronic communications from the Company, together with the Notice of Annual General Meeting.

Friday 16:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5639H3359/
They bought back 3,801,000 shares at £22.757 = £86,498,448

Friday 16:36 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 36185077L/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's ended in the usual range but at one point spiked up to +8%. Over the last 2 weeks it's been in the usual range.

Friday 15:00 TotalEnergies SE (TTE)
TotalEnergies and Ørsted Partner to Participate in Dutch Offshore Wind Tenders
https://www.investegate.co.uk/totalener ... 0000Z9804/
and Ørsted have joined forces to jointly submit bids for the two Dutch offshore wind tenders “Holland Coast West” with the aim to achieve net positive impact on biodiversity and the Dutch energy system. The Holland Coast West wind farms are located approximately 53 km off the Dutch coast and have a combined capacity of nearly 1.5 gigawatts (GW).

Friday 15:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Notice of Annual General and Special Shareholder meeting
https://www.investegate.co.uk/falcon-oi ... 0000H3307/
(TSXV: FO, AIM: FOG,) (“Falcon”) announces that its Annual General and Special Shareholder meeting will be held via teleconference on 14 July 2022 at 4:00 p.m. (Dublin time).

Friday 14:30 Challenger Energy (CEG)
Holding(s) in Company
https://www.investegate.co.uk/challenge ... 30544915L/
On 25 April 2022, Mark Carnegie holding as MHCNZ Trustee Limited as trustee for The MHCNZ Family Trust (Auckland, New Zealand) has increased from not disclosed to 5.82%. [NZ private equity guy who sold to Lazard Australia in 2007]

Friday 12:00 Tullow Oil PLC (TLW)
Report on Payments to Govts
https://www.investegate.co.uk/tullow-oi ... 00033230L/
Lots of tax to different governments

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#500979

Postby Hallucigenia » May 17th, 2022, 2:03 pm

Will WTI go above Brent today? Great results from DCC, Velocys making progress, Orcadian will be at Mello next week, Tatneft is another one that's allowed to keep its ADRs. Things just aren't going right for Ascent, with delays to their accounts.

Brent=$114.01(May)              WTI=$113.81(May,Brent-0.20)    Nymex gas=$8.30(May)   
NBP =193.95p(May,Nymex+15.92) TTF=€96.120(June,Nymex+21.40) JKM=$23.433(June,Nymex+15.13)

Today 13:35 TotalEnergies SE (TTE)
USA: TotalEnergies Announces the Sanction of the Ballymore Development in the U.S. Gulf of Mexico
https://www.investegate.co.uk/totalener ... -announces the sanction of the Ballymore development, located 120 kilometers off the coast of Louisiana in the U.S. Gulf of Mexico.TotalEnergies holds a working interest of 40% in Ballymore. Co-owner Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, holds a 60% working interest as operator. The Ballymore field will be developed through 3 production wells, tied back to the Chevron-operated Blind Faith Floating Production Unit. First Oil is expected in 2025 with a capacity of 75,000 barrels of oil per day.

Today 11:00 Clontarf Energy PLC (CLON)
Price Monitoring Extension
https://www.investegate.co.uk/clontarf- ... 00527887L/
https://uk.finance.yahoo.com/quote/CLON.L/chart
On the day it's up +9.4% with a spike to +20%. Over the last 2 weeks it's jumped +37.9% with a spike to +51%.

Today 10:32 PJSC Tatneft (ATAD)
Tatneft Obtained Permit to Continue ADR Program
https://www.investegate.co.uk/pjsc-tatn ... 32217772L/
PJSC Tatneft (the "Company") obtained the permission from the Government Commission on Monitoring Foreign Investment in the Russian Federation to continue the circulation of its American depositary receipts (ADRs), ISIN US8766292051, outside of Russia.

Today 10:08 PetroTal Corp. (PTAL)
Performance Warrants & Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 08547735L/
announces that it received a notice to exercise 500,000 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$93,450 in respect of the warrants exercised.

Today 07:15 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 15257449L/
They bought back 25,132 shares at 204.26p = £51,334.62

Today 07:00 DCC PLC (DCC)
Results for the year ended 31 March 2022
https://www.investegate.co.uk/dcc-plc-- ... 00096883L/
· Very strong growth in Group adjusted operating profit, up 11.1% (15.1% on a constant currency basis) to £589.2 million, ahead of market expectations:
o Excellent organic profit growth of 6.1%
o Acquisition growth of 9.0%
o Growth in operating profit across each division
o Adjusted earnings per share up 11.2% (15.2% on a constant currency basis)
· Proposed 11.2% increase in the final dividend will see the total dividend for the year increase by 10.0%, DCC's 28th consecutive year of dividend growth.
· Free cash flow of £382.6 million reflects anticipated reversal of prior year working capital timing benefits - cumulative free cash flow conversion across both years of 96%.

Today 07:00 DCC PLC (DCC)
DCC plc Investor Event Today - Leading with Energy
https://www.investegate.co.uk/dcc-plc-- ... 00166887L/
DCC plc, the leading international sales, marketing and support services group, is hosting an event for market participants today at 1.00 p.m. BST, 17 May 2022.

Today 07:00 Velocys PLC (VLS)
Final Results
https://www.investegate.co.uk/velocys-p ... 00096915L/
· Revenue increased to £8.3 million (2020: £0.2 million).
· Operating loss of £9.0 million (2020: £8.8m).
· £26.2 million (before expenses) successfully raised by a Placing and Open Offer in December 2021.
· Net cash at year end of £25.5 million (2020: £13.1 million).
· In March 2022 onward sale of Altalto project site owner to Foresight Group LLP for £9.75 million settling the deferred consideration and repaying Velocys the £2.5 million paid in December 2021 alongside securing a three-year option to repurchase the site owning company and a right of first refusal for Foresight to invest up to £100 million into the Altalto project.
· Altalto Joint Development agreement and Altalto option agreement with British Airways plc extended to 31 March 2023.
· In March 2022 a 15-year lease for a modern sustainable technical centre in Ohio was signed for a new building purpose built to suit Velocys' technical needs in catalysis services, microchannel reactor core assembly and technology licensing.

Today 07:00 Canadian O'Seas Petr (COPL)
Q1 2022 Financial Results and Operations Update
https://www.investegate.co.uk/canadian- ... 00096930L/
COPL's net crude oil sales before royalties remained consistent at an average of 1,114 bbl./d as compared to 1,094 bbl./d in the fourth quarter of 2021 ("Q421") . Due to Cuda Energy LLC's ("Cuda") operating arrears liability, as a joint interest partner in the Wyoming assets, the Company has held Cuda's average production of approximately 477 bbl./d in the first quarter of 2022 ("Q122") and 506 bbl./d in Q421 to offset the ongoing arrears. Thus, in aggregate, the Company's total net average oil production in Q122 was 1,591 bbl./d as compared to 1,600 bbl./d in Q421.
Petroleum sales, net of royalties increased to $7.1 million from $5.8 million in Q421. Cuda's petroleum sales, net of royalties was $2.7 million in Q122 and $2.3 million in Q421 for an aggregate amount to the Company's account of $9.8 million for Q122 an increase from $8.1 million in Q421.
COPL's operating netback was $48.53/bbl., before the net realized gain or loss on crude oil and butane hedge contracts as compared to $41.21/bbl. in Q421.
In an effort to manage its capital resources and liquidity, the Company reduced capital expenditures to $3.0 million as compared to $10.7 million in Q421.
On March 31, 2022, the COPL received a waiver from its lender with respect to covenant defaults as at December 31, 2021, subject to certain conditions and fees. Due to the waiver, the Company is no longer in technical default on the credit facility and the as a result COPL's indebtedness has been re-classified as a non-current liability as at March 31, 2022.

Today 07:00 Orcadian Energy PLC (ORCA)
Mello2022 Investor Conference
https://www.investegate.co.uk/orcadian- ... 00116696L/
North Sea oil and gas development company is delighted to announce that Steve Brown, CEO, will be presenting at the Mello2022 investor conference on Thursday 26th May 2022, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY.

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z3102/
TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from May 9 to May 13, 2022:

Today 07:00 Oilex Ltd (OEX)
Change of Company Secretary
https://www.investegate.co.uk/oilex-ltd ... 00106262L/
Oilex Ltd (Oilex or the Company) is pleased to announce the appointment of Lisa Wynne as Company Secretary of the Company, with immediate effect. Lisa is a Chartered Accountant and Chartered Secretary with 16 + years' experience as CFO & Company Secretary and Board level experience including with ASX & TSX listed companies and significant experience in the exploration and mining industries.

Yesterday 17:57 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 57386827L/
They bought back 10,000,000 shares at 416.335p = £41,633,501.50

Yesterday 17:26 Ascent Resources PLC (AST)
Notice of AGM
https://www.investegate.co.uk/ascent-re ... 26216788L/
The AGM is to be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT at 12:30p.m. on Wednesday, 8 June 2022.
Whilst the AGM will handle the routine resolutions for Director re-appointment and share authorities the Company has decided, following delays at its outsourced accounting unit, to defer the presentation of the report and accounts, auditor appointment and auditors' remuneration to a separate general meeting which will be held prior to 30 September 2022. [!]

Yesterday 17:00 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0000H3732/
They bought back 3,821,263 shares at £23.172 = £88,547,361

Yesterday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35366700L/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's dropped -16.3%. Over the last 2 weeks it's up +18.9% with a spike to +51%.

Yesterday 16:35 Zenith Energy Ltd (ZEN)
Issue of New Series of EMTN 2022-26
https://www.investegate.co.uk/zenith-en ... 35556693L/
it has issued a new series of unsecured, multi-currency Euro Medium Term Notes at par value (the "Notes"). The Notes have been issued as part of Zenith's existing EUR 25,000,000 multi-currency Euro Medium Term Notes Programme.
[10.125% (in €) to 10.5% (in £)]

Yesterday 16:15 Eco (Atlantic) O&G (ECO)
Company's Incentive Plan - Grant of RSUs
https://www.investegate.co.uk/eco--atla ... 15066666L/
In addition, the Company announces that it has granted, to directors, officers and advisers of the Company, options to subscribe for up to 7,050,000 Common Shares at a price of $CAD0.50 (£0.32) per Common Share (the "Options"). The Options are exercisable for a period of 5 years from the date of issue.

Yesterday 15:00 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 00056503L/
Non-exec Stathis Topouzoglou buys over £1.3m

Yesterday 15:00 PJSC LukOil (LKOD)
AGM Agenda
https://www.investegate.co.uk/pjsc-luko ... 00056569L/
the repeat Annual General Shareholders Meeting (hereinafter, the repeat AGM) would be held with the same agenda on 23 June 2022 in the form of an absentee voting if the AGM is not held due to the absence of quorum.

Yesterday 12:43 'Surgutneftegas' PJSC (SGGD)
Information statement on the meeting of the issuer’s Board of Directors and its agenda
https://www.investegate.co.uk/--39-surg ... 4325EVECL/
Date of the meeting of the issuer’s Board of Directors: 18 May 2022.Agenda of the meeting of the issuer’s Board of Directors:
1. Approval of the agenda for the annual general shareholders’ meeting of “Surgutneftegas” PJSC and adopting resolutions related to holding the annual general shareholders’ meeting of “Surgutneftegas” PJSC.

Yesterday 10:11 Lekoil Limited (LEK)
Operational Update
https://www.investegate.co.uk/lekoil-li ... 11456105L/
· Otakikpo:o Oil production in April 2022 of 4,289 bopd (gross)/1,716 bopd (net).o Drilling of Otakikpo-4 continued during the month.
· OPL 310 (Ogo): o No material update. · OPL 325: o No material update.

Hallucigenia
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Re: Hal's oily roundup

#501059

Postby Hallucigenia » May 17th, 2022, 7:26 pm

Hallucigenia wrote:Will WTI go above Brent today?


Reader - it did, currently $113.82 versus $113.62 per Bloomberg :
https://www.bloomberg.com/energy

Incidentally Bloomberg's website is open access til tomorrow.

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Re: Hal's oily roundup

#501224

Postby Hallucigenia » May 18th, 2022, 11:29 am

Arrow's success in Colombia is the main news today, up over 20%. Clontarf spud Sasanof next week, Vaalco get a Reserve Based Lending facility from Glencore at LIBOR + 6%.

Brent=$113.01(January)              WTI=$113.83(January,Brent+0.82)     Nymex gas=$8.23(January)   
NBP =188.5p(January,Nymex+15.18) TTF=€97.000(June,Nymex+21.70) JKM=$23.433(June,Nymex+15.20)

Today 11:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00399516L/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's soared +21.4% with a spike to +33%. Over the last 2 weeks it's been in the usual range.

Today 09:53 Pantheon Resources (PANR)
Block Listing Application to AIM
https://www.investegate.co.uk/pantheon- ... 53299391L/

Today 09:21 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 21499335L/
On 12/05/2022, Stuart Hawthorne holding via Hargreaves Lansdown Nominees Limited increased from 9.46% to 10.01%.

Today 08:03 TotalEnergies SE (TTE)
Plastic Recycling: TotalEnergies and New Hope Energy Partner on U.S. Advanced Recycling Project
https://www.investegate.co.uk/totalener ... 0300Z6223/
The New Hope Energy plant is expected to start production in 2025 and will use a patented pyrolysis technology that was developed in partnership with Lummus Technology to process and convert more than 310,000 tons per year of mixed plastic waste that would otherwise be destined for landfill or incineration. TotalEnergies will use 100,000 tons of Recycled Polymer Feedstock (RPF) in its Texas-based production units

Today 07:11 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 11209092L/
They bought back 9,538 shares at 201.60p = £19,228.61

Today 07:00 Arrow Exploration (AXL)
ARROW ANNOUNCES TEST RESULTS OF RCE-2 WELL
https://www.investegate.co.uk/arrow-exp ... 00119069L/
is delighted to announce the results of the Rio Cravo Este-2 ("RCE-2") well testing on the Tapir Block in the Llanos Basin of Colombia....The well was drilled to a total measured depth of 9,600 feet and encountered six hydrocarbon bearing intervals totaling 90 net feet of oil pay.
Carbonera C7 and C7 Stringer: tested 2,000 bopd (net 1,000 bopd) peak rate of 28 API crude...average rate of 1,199 bopd (net 600 bopd).
· Gacheta C, C1 and C2: initial testing indicates productive capacity of 300 bopd (net 150 bopd) rate of 27 API crude. The zone was tested for 14 hours at an average rate of 115 bopd (net 58 bopd). Reserves have not been assigned to this zone previously.
· Gacheta D: tested 680 bopd (net 340 bopd) peak rate of 14 API crude... average rate of 362 bopd (net 181 bopd).
We're currently completing the C7 zone, targeting to be on stream early next week. This effectively doubles Arrow's production. ...
Continued strong production rates from existing tied-in wells combined with the encouraging results from new drills in Columbia support the Company's objective of achieving a production rate of 3,000 boe/d within 18 months of its AIM listing (completed in October 2021).

Today 07:00 Arrow Exploration (AXL)
Notice of AGM
https://www.investegate.co.uk/arrow-exp ... 00119065L/
2022 Annual General and Special Meeting on July 19 at 12 noon ET/5 p.m. GMT with a Record Date of June 9, 2022.

Today 07:00 SDX Energy PLC (SDX)
SPUDDING OF MSD-24 WELL
https://www.investegate.co.uk/sdx-energ ... 00058484L/
("SDX", the "Company" or the "Group") SPUDDING OF MSD-24 WELL AT WEST GHARIB CONCESSION EGYPT SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce the spudding of the MSD-24 infill development well on the Meseda field. This well is the fourth in a fully funded 13-well development drilling campaign on the Meseda and Rabul oil fields...

Today 07:00 Clontarf Energy PLC (CLON)
Sasanof-1 well mobilisation update
https://www.investegate.co.uk/clontarf- ... 00038340L/
· Valaris MS-1 rig has started mobilisation activities for departure to the Sasanof Prospect 200km away on the North West Shelf.
Drilling operations (conductor jetting) are expected to start during week starting Monday 23rd May.
ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P501), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P101). [CLON 10%]

Today 07:00 Vaalco Energy Inc (EGY)
Reserve Based Lending Facility
https://www.investegate.co.uk/vaalco-en ... 00119071L/
today announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending ("RBL") facility with Glencore Energy UK Ltd. ("Glencore") that includes an initial commitment of $50 million and is expandable up to $100 million.
§ As part of the agreement, Glencore will provide crude oil marketing.
o Facility size is $50 million with ability to expand up to $100 million at LIBOR plus 6%;

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00108580L/
a total of 430,000 of its ordinary shares of nil par value at an average price paid per share of 14.00 pence per share. Following the purchase of these shares, the Company holds 2,022,500 of its ordinary shares in treasury and has 112,043,573 ordinary shares in issue (excluding treasury shares).

Today 07:00 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 0000Z5802/
A total number of 2,778,549,221 voting rights are attached to the 2,609,773,274 underlying TotalEnergies shares (referred to as 'theoretical voting rights')

Yesterday 18:23 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 23078495L/
They bought back 10,000,000 shares at 423.860p = £42,386,007.00

Yesterday 17:09 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0934H3992/
They bought back 3,846,000 shares at £23.536 = £90,519,018

Yesterday 16:28 Lansdowne Oil & Gas (LOGP)
Holding(s) in Company
https://www.investegate.co.uk/lansdowne ... 28398333L/
On 13-May-2022, > holding via Spreadex LTD reduced from 13.913% to 12.901%.

Yesterday 15:15 Vivo Energy (VVO)
Result of AGM
https://www.investegate.co.uk/vivo-ener ... 15018250L/
Vivo Energy plc's 2022 Annual General Meeting ('AGM') was held at the Park Plaza Victoria Hotel, 239 Vauxhall Bridge Road, Pimlico, London SW1V 1EQ, United Kingdom on Tuesday 17 May 2022 at 2.00 pm.

Yesterday 15:00 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0000P8DF5/
AWARD OF CONDITIONAL SHARES UNDER THE TERMS OF THE JOHN WOOD GROUP PLC LONG-TERM PLAN (“LTP”) SUBJECT TO PERFORMANCE CONDITIONS FOR THE PERIOD 2021-2023 AND ADJUSTMENT OF VESTING OUTCOMES BY THE REMUNERATION COMMITTEE, IF APPLICABLE.
80% OF THE TOTAL AWARD IS EXERCISABLE NO EARLIER THAN FEBRUARY 2024 WITH THE REMAINING 20% EXERCISABLE NO EARLIER THAN FEBRUARY 2026

Yesterday 13:47 Serica Energy PLC (SQZ)
Long Term Incentive Plan Awards
https://www.investegate.co.uk/serica-en ... 47428178L/
London, 17 May 2022 - Serica Energy plc (AIM: SQZ) announces that the Company has granted nil-cost options over a total of 665,632 ordinary shares of US$0.10 each (representing approximately 0.2% of the Company's issued share capital) in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The award has been made to members of the Group's executive team and senior management.

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Re: Hal's oily roundup

#501516

Postby Hallucigenia » May 19th, 2022, 12:32 pm

Lots of solid results from the likes of Pharos and Getech, Chariot have a placing equivalent to 14% of the company without a discount.

Brent=$108.4(July)              WTI=$108.27(June,Brent-0.13)   Nymex gas=$8.04(June)   
NBP =169.89p(Nymex+13.03) TTF=€91.500(June,Nymex+20.15) JKM=$23.433(June,Nymex+15.39)

Today 10:20 Pharos Energy PLC (PHAR)
Results of Annual General Meeting
https://www.investegate.co.uk/pharos-en ... 20051103M/
The Company announces that at its Annual General Meeting held at Argyll, 8-10 Hill Street, London, W1J 5NG today, all resolutions put before the meeting were duly passed.

Today 09:15 Chariot Limited (CHAR)
Update to Fundraising Timetable
https://www.investegate.co.uk/chariot-l ... 15041011M/
further to the announcement released on 18 May 2022 regarding a Proposed Placing, Subscription, and an Open Offer (together, the "Fundraising"), the timetable of principle events associated with the Fundraising is now as set out below...The General Meeting is to be held at 165 Fleet Street, London, EC4A 2DY at 11.00 a.m. on 10 June 2022 at which the Resolutions will be proposed.

Today 09:00 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 00420917M/
https://uk.finance.yahoo.com/quote/SOU.L/chart
On the day it's ended in the usual range but at one point spiked up to +19%. Over the last 2 weeks it's been in the usual range.

Today 07:16 'Surgutneftegas' PJSC (SGGD)
Information statement of a significant fact on certain resolutions adopted by the issuer’s Board of Directors
https://www.investegate.co.uk/--39-surg ... 1623ELYGA/
To recommend the annual general shareholders’ meeting of “Surgutneftegas” PJSC to adopt the following resolution: “To declare dividend payment: RUB 4.73 per preference share of “Surgutneftegas” PJSC, RUB 0.8 per ordinary share of “Surgutneftegas” PJSC.

Today 07:06 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 06290775M/
They bought back 156,053 shares at 202.77p = £316,428.67

Today 07:01 GETECH Group plc (GTC)
Investor Presentation
https://www.investegate.co.uk/getech-gr ... 01060249M/
("Getech" or the "Company") Investor Presentation Getech, a geoenergy and green hydrogen company, is pleased to announce that Dr Jonathan Copus, CEO, and Andrew Darbyshire, CFO will provide a live presentation relating to Annual Results of the Company via the Investor Meet Company platform on Monday, 23rd May 2022 at 11:00am BST.


Today 07:00 Pharos Energy PLC (PHAR)
2022 AGM Trading and Operations Update
https://www.investegate.co.uk/pharos-en ... 00090274M/
· Group working interest production for the four months to end of April 2022 was 8,291 boepd net
o Egypt production 2,391 bopd
o Vietnam production 5,900 boepd
· Commencement of the main El Fayum multi-year and multi-well development programme in Egypt
· Drilling two TGT infill development wells in Vietnam H2 2022
· Drilling one CNV well in Vietnam H2 2022
· Final results of 3D seismic processing in Block 125 expected July 2022
· Group revenue for January - April 2022 was $89m prior to hedging loss of $11m
· Cash balances as at 30 April 2022 of c.$42m (YE2021: $27.1m), net debt of c.$43m (YE2021: $57.5m)
· Forecast cash capex for full year of c.$29m, post carry in Egypt starting 21 March 2022
· 2022 working interest production guidance:
o 1,350-1,800 bopd in Egypt (equivalent to gross production of 3,000-4,000 bopd)
o 5,000-6,000 boepd in Vietnam, unchanged from 16 March 2022 Preliminary Results announcement
"The completion of the farm down of our Concessions in Egypt, announced on 24 March, means that we are now fully funded to move forward with our new partner IPR such that we can in time access the full 2P reserves base. The capex programme and production guidance for Egypt provided for this year reflect the challenges in the local rig markets, while in Vietnam a rig has been secured for the drilling programme due to commence in H2 2022. With our corporate cost base reset, our carried position in Egypt and the fast payback on investments in Vietnam, we are well positioned to deliver strong cash flow and drive value for our stakeholders.""
The average realised oil price per barrel achieved for the same period from Vietnam was approx. $106/bbl, representing a premium of over just $3/bbl to Brent, and from Egypt was approx. $95/bbl, representing a discount of just over $6/bbl to Brent...
The Company will be issuing a Trading & Operations update on 20 July 2022

Today 07:00 Victoria Oil & Gas (VOG)
Q1 2022 Operational & Corporate Update
https://www.investegate.co.uk/victoria- ... 00049994L/
· Sales : Average daily gross gas sales rate for the quarter was 5.5 MMscf/d (up 4% on Q4 2021: 5.3 MMscf/d), and a gross volume of 4,691 bbls (Q4 2021: 5,584 bbls) condensate was shipped to customers.
· Matanda : Following the rig tendering exercise, a suitable rig has been identified in nearby Chad, and this rig would be capable of drilling deeper Cretaceous targets as well as the shallower Tertiary targets. As the rig is currently idle, the rig owner will mobilise the rig to Cameroon whilst contract negotiations continue.
Neither GDC, nor the VOG Group, has the ability to pay the Award and accordingly the trading of VOG shares on the London Stock Exchange was temporarily suspended as of 7.30am on 4 April 2022 pending resolution of this fundamental uncertainty to continue as a going concern....
Referring to the £1.25 million unsecured Loan Note entered into in 2021 (the "2021 Note"), which was due to be repaid by 21 April 2022, Hadron has agreed to not declare an event of default and stay any enforcement action on the non-repayment of this Note. Hadron has reserved its position to take any action in the event that at any time it reasonably believes that the financial position of the Company is unlikely to be stabilised. This stay also applies to the £1.15 million unsecured Loan Notes entered into with Hadron on 1 March 2022.

Today 07:00 GETECH Group plc (GTC)
Final Results
https://www.investegate.co.uk/getech-gr ... 00090246M/
· FY2021 revenue rose c. 20% to £4.3m (2020: £3.6m);
· Orderbook grew by 25% to £3.3m at 31 December 2021 (31 December 2020: £2.7m);
· Loss for the year of £1.6m, adjusted for exceptional items ** (2020: £1.5m loss);
· Strong net cash *** position of £5.1m at 31 December 2021 (31 December 2020: £1.4m).
o ambition to establish at least 500MW of new geoenergy and green hydrogen assets by 2030 by:

Today 07:00 Prospex Energy PLC (PXEN)
Final Results
https://www.investegate.co.uk/prospex-e ... 00090247M/
o Full production licence for Selva expected in the second quarter of 2022
· Cash and cash equivalents of £220,060 (2020: £220,618)
o Subsequent to year end, Company completed a placing of £2.455m

Today 07:00 Hurricane Energy PLC (HUR)
Operational and Financial Update
https://www.investegate.co.uk/hurricane ... 00070212M/
As of 17 May 2022, Lancaster was producing c.9,100 bopd from the P6 well alone with an associated water cut of c.44%....
As of 30 April 2022, the Company had net free cash(4) of $92 million compared to the last reported balance of $106 million as of 31 March 2022. During the month, there was a net movement of $3.2 million from free cash into restricted funds in line with the terms of the Aoka Mizu FPSO Bareboat Charter extension. $78.5 million of Convertible Bonds remain outstanding and are due in July 2022.
As stated in our Annual Results announcement on 28 April 2022, the Board is now confident that the bond will be repaid in full in July 2022, with the Company forecasting to be holding net free cash of at least $60 million following the repayment, assuming oil prices remain at over $90/bbl.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements
https://www.investegate.co.uk/falcon-oi ... 0000H4276/
Strong financial position, debt free with cash of US$8.3 million at 31 March 2022 (31 December 2021: US$8.9 million).

Today 07:00 Chariot Limited (CHAR)
Result of Oversubscribed Placing and Subscription
https://www.investegate.co.uk/chariot-l ... 00100750M/
the accelerated bookbuild has closed and the Company has conditionally raised gross proceeds of US$25.5 million (£20.4 million) through the successful Placing of, and Subscription for 113,333,334 New Ordinary Shares, in each case at the Issue Price of 18 pence per Ordinary Share. In addition to the Placing and Subscription, and as set out in the Launch Announcement, the Company proposes to raise up to a further US$4 million (£3.2 million) by the issue of New Ordinary Shares pursuant to an Open Offer to Qualifying Shareholders at the Issue Price on the basis of 1 Open Offer Share for every 47 Existing Ordinary Shares held on the Record Date....The Placing Shares and Subscription Shares represent in aggregate 14 per cent. of the Company's Existing Ordinary Shares. The Issue Price of 18 pence per New Ordinary Share is equivalent to the closing mid-market price of 18 pence per Ordinary Share on 17 May 2022.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00120272M/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Arrow Exploration (AXL)
EXERCISE OF WARRANTS AND TOTAL VOTING RIGHTS
https://www.investegate.co.uk/arrow-exp ... 00120763M/
announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 50,000 new common shares of no par value ("Common Shares"). The application is being made for 50,000 new Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on May 24, 2022.

Today 06:44 'Surgutneftegas' PJSC (SGGD)
Information statement of a significant fact on convening the general shareholders’ meeting of the issuer
https://www.investegate.co.uk/--39-surg ... 4406EWNFM/
Date of the general shareholders’ meeting of the issuer: 30 June 2022.
Venue of the general shareholders’ meeting of the issuer: Russian Federation, Tyumenskaya Oblast, Khanty-Mansiysky Autonomous Okrug – Yugra, Surgut, ul.Grigoriya Kukuyevitskogo, 1, building 1.

Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28310110M/
They bought back 9,900,000 shares at 428.007p = £42,372,701.20

Yesterday 17:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0338H4222/
They bought back 3,905,000 shares at £23.865 = £93,191,166

Yesterday 16:38 Chariot Limited (CHAR)
Proposed Placing and Subscription and Open Offer
https://www.investegate.co.uk/chariot-l ... 38080006M/
is pleased to announce its intention to undertake a fundraising of approximately US$24 million (£19.2 million) before expenses by way of placing (the "Placing") and a direct subscription (the "Subscription") of approximately US$20 million (£16 million) in aggregate, and an open offer (the "Open Offer") of up to US$4 million (£3.2 million) (the Placing, Subscription and Open Offer together the "Fundraising"). Pursuant to the Fundraising, it is estimated that the Company will issue approximately of 88,888,888 new Ordinary Shares pursuant to the Placing and the Subscription and up to 17,597,272 new Ordinary Shares pursuant to the Open Offer, in each case at an issue price of 18 pence per share (the "Issue Price").

Yesterday 16:36 DG Innovate PLC (DGI)
Price Monitoring Extension
https://www.investegate.co.uk/dg-innova ... 36010012M/
https://uk.finance.yahoo.com/quote/DGI.L/chart
On the day it's jumped +10.4% with a spike to +11%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:36 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 36170015M/
https://uk.finance.yahoo.com/quote/SOU.L/chart
On the day it's jumped +16.3% with a spike to +22%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 35490009M/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's soared +22.2% with a spike to +33%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Velocys PLC (VLS)
Price Monitoring Extension
https://www.investegate.co.uk/velocys-p ... 35370007M/
https://uk.finance.yahoo.com/quote/VLS.L/chart
On the day it's been in the usual range.

Yesterday 16:31 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 31300000M/
On 17-May-2022, > holding via Monecor (London) Ltd Trading as ETX Capital reduced from 6.97% to 4.319%.

Yesterday 14:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00469812L/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's soared +22.2% with a spike to +33%. Over the last 2 weeks it's been in the usual range.

Yesterday 14:00 Clontarf Energy PLC (CLON)
Price Monitoring Extension
https://www.investegate.co.uk/clontarf- ... 00569813L/
https://uk.finance.yahoo.com/quote/CLON.L/chart
On the day it's down -11% having touched -18%. Over the last 2 weeks it's been in the usual range.

Yesterday 12:30 WOOD GROUP (JOHN) PLC (WG.)
Notice of AGM 2022 & Publication of Annual Report 2021
https://www.investegate.co.uk/wood-grou ... 3000PF797/
Annual General Meeting (AGM) of the Company will be held at Sir Ian Wood House, Hareness Road, Altens, Aberdeen, AB12 3LE, Scotland on Wednesday 22 June 2022 at 2.00pm.

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Re: Hal's oily roundup

#501692

Postby Hallucigenia » May 20th, 2022, 11:12 am

I guess the big news is Seplat sneaking out last night news of their big takeover of Exxon Nigeria being refused permission by the government. No doubt "negotiations" are needed. But I couldn't help snigger a bit at one of Nigeria's highest decorations being Commander of the Order of the Niger - a CON.
Otherwise not much news - UKOG get a 2-year planning extension for Broadford Bridge under guise of talking about geothermal for greenhouses, and a chunky CfD for nearly 10% of Mosman.

Brent=$111.82              WTI=$111.65(Brent-0.17)     Nymex gas=$8.00 
NBP =158.99p(Nymex+11.84) TTF=€89.600(June,Nymex+19.80) JKM=$23.433(June,Nymex+15.43)

Today 08:04 Oil and Gas Devt Co (OGDC)
Appointment of Director
https://www.investegate.co.uk/oil-and-g ... 04282382M/
Dr. Muhammad Sohail Rajput, Chief Secretary Sindh has been appointed on the Board of Directors of the Company w. e. f. May 19, 2022 in place of Mr. Mumtaz Ali Shah, former Chief Secretary Sindh.

Today 07:39 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 39212378M/
On 18-May-2022, Monecor (London) Ltd Trading as ETX Capital increased from 4.319% to 13.49%, 9.27% of which is via CfD settling 30/11/2023.

Today 07:15 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 15522367M/
They bought back 516,096 shares at 198.26p = £1,023,211.93

Today 07:00 UK Oil & Gas PLC (UKOG)
BB-1z discovery granted 2-year planning extension
https://www.investegate.co.uk/uk-oil--- ... 00071852M/
West Sussex County Council ("WSCC") has approved, by a 7-2 majority vote, a 2-year planning permission extension to its Broadford Bridge-1z ("BB-1z") Kimmeridge oil discovery, located in licence PEDL234 (UKOG 100%). The planning extension runs until 31st March 2024....
The Planning Inspectorate advised the Company in March 2022 that they expect the SoS to issue his decision [about Loxley] on or before 7 June 2022.

Today 07:00 PetroTal Corp. (PTAL)
Notice of results & webcast, Well 11H update
https://www.investegate.co.uk/petrotal- ... 00072330M/
Q1 2022 results will be released on May 26, 2022, along with an extended investor webcast. Additionally, the Company commenced drilling the 11H well on May 7, 2022. Commenced drilling well 11H. On May 7, 2022, PetroTal commenced drilling well 11H, which has an approximate cost of $13.5 million, a total depth of around 4,300 meters, and includes a synthetic mud system. The estimated completion date will be in late June 2022 with flush production expected to contribute to July 2022 operating results.
Extended investor webcast. PetroTal is pleased to announce it will be hosting an extended virtual investor meeting commencing at 9:00 am CT (3:00 pm BST) on May 26, 2022 following release of Q1 2022 results

Today 07:00 Genel Energy PLC (GENL)
Appointment of CFO
https://www.investegate.co.uk/genel-ene ... 0006EXWCL/
Luke Clements has been appointed Chief Financial Officer by the Board with immediate effect. Luke, who was previously Interim Chief Financial Officer, has been responsible for a broad range of financial, commercial, and treasury related activities at the Company. Having joined the Company in 2011 to advise on the merger of Vallares Plc and Genel Enerji, he became Group Financial Controller in 2015. Prior to joining the Company, Luke spent seven years at KPMG

Today 07:00 Canadian O'Seas Petr (COPL)
Investor Meet Company Presentation
https://www.investegate.co.uk/canadian- ... 00081600M/
will hold an investor presentation and live Q&A session on Monday, 23 May at 4:30pm UK via the Investor Meet Company Platform.

Today 07:00 Serinus Energy PLC (SENX)
Transaction in Own Shares
https://www.investegate.co.uk/serinus-e ... 00051737M/
a total of 17,486 of its ordinary shares of nil par value at an average price paid per share of 14.90 pence per share.

Yesterday 17:54 Seplat Energy PLC (SEPL)
Response to media on proposed acquisition of MPNU
https://www.investegate.co.uk/seplat-en ... 54381766M/
In response to an article published today in This Day newspaper, stating that the Federal Government of Nigeria has declined consent to the acquisition of Mobil Producing Nigeria Unlimited ("MPNU"), Seplat Energy confirms that it has received a letter from the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") on the process. The Company has also been notified by the shareholders of MPNU confirming that MPNU received a letter from NUPRC declining their consent.
Oops.

Yesterday 17:51 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 51021760M/
They bought back 9,000,000 shares at 414.074p = £37,266,693.00

Yesterday 17:31 Seplat Energy PLC (SEPL)
Results of the ninth Annual General Meeting
Seplat Energy PLC announces that at its Annual General Meeting heldyesterday, Wednesday 18May 2022 at 16a Temple Road (Olu Holloway), Ikoyi, Lagos, Nigeria,all resolutions set out in the Notice of the Annual GeneralMeeting put to the Shareholders were duly passed by the requisite majority.

Yesterday 17:15 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1553H4494/
They bought back 3,933,000 shares at £23.199 = £91,242,123

Yesterday 16:36 Pharos Energy PLC (PHAR)
Price Monitoring Extension
https://www.investegate.co.uk/pharos-en ... 36141642M/
https://uk.finance.yahoo.com/quote/PHAR.L/chart
On the day it's dropped -5.8% having touched -8%. Over the last 2 weeks it's dropped -17.8% having touched -20%.

Yesterday 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35561639M/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's been in the usual range.

Yesterday 16:14 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 14411614M/
On 18-May-2022, Cantor Fitzgerald Europe increased from 0% to 10.924%. [presumably for the CfDs announced today]

Yesterday 16:10 Shell plc (SHEL)
Director Declaration
https://www.investegate.co.uk/shell-plc ... 1002H4470/
Bram Schot, a Non-executive Director of the Company, has been appointed as a non-executive director of Signify N.V.

Yesterday 16:00 Igas Energy PLC (IGAS)
Annual Report Posting & Notice of AGM
https://www.investegate.co.uk/igas-ener ... 00031528M/
it has posted its Annual Report and Accounts 2021 to shareholders together with the Notice of AGM 2022 and forms of proxy. The AGM will be held on 15 June 2022.

Yesterday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 5800PC3E2/
On 17-May-2022, APG Asset Management N.V. (Amsterdam) decreased from 4.235% to 3.969%

Yesterday 11:45 Seplat Energy PLC (SEPL)
Appointment of Chairman
https://www.investegate.co.uk/seplat-en ... 45321311M/
Mr. Basil Omiyi, CON, has been appointed as the Company's new Independent Non-Executive Chairman, effective immediately.

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Re: Hal's oily roundup

#502297

Postby Hallucigenia » May 23rd, 2022, 12:48 pm

EnQuest report production towards the high end of expectations, IOG suspend production at Saturn Banks due to a full slugcatcher, and a shout out to Europa for holding an investor presentation down the pub at 3-5pm. More companies need to follow that example....

Brent=$113.7(May)              WTI=$111.26(June,Brent-2.44)    Nymex gas=$7.95(May)   
NBP =142.25p(May,Nymex+9.95) TTF=€84.455(June,Nymex+18.46) JKM=$23.433(June,Nymex+15.48)

Today 12:21 Angus Energy PLC (ANGS)
Update on Brockham
https://www.investegate.co.uk/angus-ene ... 21194564M/
is pleased to announce that it has recommenced oil production and water reinjection at its Brockham oil field (PL 235) in the Portland reservoir, in which Angus has a 80% interest. Current average rates of production from the BRX2-Y well are 50 barrels of oil per day with an approximately equal amount of formation water produced and reinjected daily into BRX3.

Today 12:18 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 18254558M/
On 19/05/2022, G.P. (Jersey) Limited (Jersey, CI) reduced from 12.08% to 0%.

Today 10:00 Chariot Limited (CHAR)
Posting of Circular and Notice of General Meeting
https://www.investegate.co.uk/chariot-l ... 00094176M/
The Company announced on 19 May 2022 that it had conditionally raised gross proceeds of US$25.5 million (£20.4 million) through the successful Placing of and Subscription for 113,333,334 New Ordinary Shares at the Issue Price of 18 pence per Ordinary Share. Furthermore, it proposed to raise up to a further US$4 million (£3.2 million) by the issue of New Ordinary Shares pursuant to an Open Offer to Qualifying Shareholders at the Issue Price....is pleased to offer existing shareholders the opportunity to participate in the Fundraising through the Open Offer at the same price at which investors in the Placing and Subscription have taken part.
Qualifying Shareholders may subscribe for Open Offer Shares on the basis of:1 Open Offer Share for every 47 Existing Ordinary Shares

Today 09:25 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 25444151M/
On 18-May-2022, Bank of America Corporation increased from 6.231% to 7.214%.

Today 08:40 Empyrean Energy PLC (EME)
Holding(s) in Company
https://www.investegate.co.uk/empyrean- ... 40334117M/
Mr Richard Appleby now holds 22,863,500 ordinary shares in the Company, which represents approximately 2.90% of the issued share capital of the Company. [why can't you use a *%^*ing TR-1 form like everybody else?]

Today 07:07 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 07563998M/
They bought back 47,612 shares at 204.86p = £97,537.94

Today 07:00 EnQuest PLC (ENQ)
Operations update
https://www.investegate.co.uk/enquest-p ... 00063486M/
§ Average net Group production in the four months to end April 2022 was 50,361 Boepd, driven by good production efficiency across the portfolio..
§ For the period May to December 2022, the Group has hedged c.4.7 MMbbls of oil with an average floor price of c.$65/bbl and an average ceiling price of $76/bbl
§ Partial refinancing of the sterling retail bond was completed on 20 April, with the new October 2027 9% retail bond issue totalling £133.3 million. The remaining October 2023 7% retail bond is £111.3 million
§ 2022 average net Group production is expected to be between 44,000 Boepd and 51,000 Boepd; Kraken gross production is expected to be between 22,000 Boepd and 26,000 Boepd (15,500 Boepd to 18,500 Boepd net)

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00063521M/
In the past week, a PUK operational risk assessment has identified a drainage system deficiency in the CSU's two recycle compressors, which has been highlighted by the increased Saturn Banks liquid rates. PUK has concluded that this must be addressed before any further Saturn Banks liquids can be processed and has limited the SBRF slugcatcher to a 15% maximum liquid level. Consequently, after progressive reduction in flow rates to manage these constraints, PUK has now enforced a full shut-in of Blythe and Elgood production to prevent further liquids entering the slugcatcher....
Subject to a safety review scheduled for Monday 23rd May, one compressor is expected to be modified within approximately one week, enabling limited initial resumption of Saturn Banks production (currently projected to be c.30 mmscf/d of gas). Following modification of the second compressor, which is expected to take approximately one further week, Saturn Banks production is expected to be gradually restored to normal levels over the following weeks. [down 10%]

Today 07:00 Tlou Energy Ltd (TLOU)
Transmission Line construction update
https://www.investegate.co.uk/tlou-ener ... 00063525M/
Construction activities for the transmission line to connect the Lesedi Power Project ("Lesedi") to the Botswana power grid have commenced....Work on the transmission line is scheduled for completion in mid-2023, with the substations at either end of the transmission line expected to be completed in the second half of 2023. Sale of electricity can start thereafter.
[always feel for the companies with these kind of announcements - it's a huge milestone for them, the culmination of a ton of work, yet shareholders just want to know when it's finished]

Today 07:00 Reabold Resources (RBD)
Shareholder Approval Received for Equity Exchange
https://www.investegate.co.uk/reabold-r ... 00053471M/
at a Special Shareholder Meeting for Daybreak Oil and Gas Inc. ("Daybreak"), Daybreak shareholders voted to approve the Equity Exchange Agreement, as initially announced by the Company on 21 October 2021. Reabold California LLC ("Reabold California"), Reabold's subsidiary which holds, inter alia, Reabold's licence interests in California, will become a wholly owned subsidiary of Daybreak, which, in exchange, will issue up to 160,964,489 Daybreak shares (the "Consideration Shares") to Gaelic Resources Limited, a wholly owned subsidiary of Reabold. Consequently, Reabold will indirectly be interested in approximately 42 per cent. (subject to customary adjustments) of Daybreak's share capital,

Today 07:00 Union Jack Oil PLC (UJO)
US$6 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00043285M/
net revenues of US$6 million 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 producing hydrocarbon development....
As at 23 May 2022, the Company's cash balances and short term receivables stand at in-excess of £7.7 million

Today 07:00 Clontarf Energy PLC (CLON)
Sasanof-1 well mobilisation update
https://www.investegate.co.uk/clontarf- ... 00063997M/
· The Valaris MS-1 rig has arrived at the Sasanof-1 exploration well location on the Australian North West Shelf.

Today 07:00 Europa Oil & Gas (EOG)
Retail Investor Reception
https://www.investegate.co.uk/europa-oi ... 00063293M/
is hosting a retail investor 'Meet the Team' reception at the Ye Olde Cock Tavern, Holborn, London, EC4Y 1AA, on Thursday, 16 June 2022 between 3.00-5.00 p.m. BST, during which management will give a presentation on the upcoming Serenity field appraisal well due to be drilled in the late summer, and the Wressle project, followed by an opportunity for an informal Q&A discussion.
[That's the first time I've seen a company give a presentation down the pub - I heartily approve, although one that wasn't Greene King would be even better.]

Today 07:00 Hurricane Energy PLC (HUR)
Appointment of Independent Non-Executive Director
https://www.investegate.co.uk/hurricane ... 00063451M/
is pleased to announce the appointment of Linda Janice Beal as an Independent Non-Executive Director , with immediate effect....
Her extensive experience as a tax partner at both PwC and Grant Thornton advising international E&P clients, coupled with her recent career serving as a director of listed small cap natural resources businesses will bring an immediate and meaningful contribution to the work of our Board as we make important financial and strategic decisions.

Today 07:00 Jadestone Energy PLC (JSE)
Notice of 2021 Financial Results & Conference Call
https://www.investegate.co.uk/jadestone ... 00063236M/
will issue its consolidated audited financial statements for the period ending 31 December 2021 on Monday, 6 June 2022. The management team will host an investor and analyst conference call at 9:00 a.m. (London), 4:00 p.m. (Singapore) on Monday 6 June 2022
Today 07:00 UK Oil & Gas PLC (UKOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/uk-oil--- ... 00063472M/
CEO buys £1k

Friday 17:34 Coro Energy PLC (CORO)
Notice of Annual General Meeting
https://www.investegate.co.uk/coro-ener ... 34363360M/
The AGM is to be held at the offices of Pinsent Masons LLP, 30 Crown Place, Earl Street, London EC2A 4ES on 14 June 2022 at 1:30 p.m. The Company will be announcing its results for the financial year ended 31 December 2021 by 30 June 2022.

Friday 17:32 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 32243356M/
They bought back 8,750,000 shares at 420.725p = £36,813,462.25

Friday 17:19 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1910H4712/
They bought back 3,935,000 shares at £23.621 = £92,949,067

Friday 16:36 Clontarf Energy PLC (CLON)
Price Monitoring Extension
https://www.investegate.co.uk/clontarf- ... 36353261M/
https://uk.finance.yahoo.com/quote/CLON.L/chart
On the day it's down -10.5%. Over the last 2 weeks it's been in the usual range.

Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800P298C/
SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN

Friday 14:57 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5700PE8C5/
ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES

Friday 13:30 Seplat Energy PLC (SEPL)
Result of AGM - Correction
https://www.investegate.co.uk/seplat-en ... 30353054M/
Seplat Energy PLC announces that at its Annual General Meeting heldon Wednesday 18May 2022 at 16a Temple Road (Olu Holloway), Ikoyi, Lagos, Nigeria,all resolutions set out in the Notice of the Annual GeneralMeeting put to the Shareholders were duly passed by the requisite majority.

Friday 11:14 Egdon Resources PLC (EDR)
Notification of Major Holdings
https://www.investegate.co.uk/egdon-res ... 14282638M/
On 18-May-2022, Killik & Co LLP increased from 2.72% to 3.51%.

Friday 11:00 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 00252712M/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's jumped +13.9% with a spike to +17%. Over the last 2 weeks it's been in the usual range.

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Re: Hal's oily roundup

#502450

Postby Hallucigenia » May 24th, 2022, 11:54 am

Looks like Angus are taking out the minority shareholders of Saltfleetby at a decent price, Nostrum's production continues to decline (not that existing shareholders will see any of it due to the debt for equity swap), Trinity seem to be ticking along, Coro hinting just how much dilution they're going to need to pay for Mako...

Brent=$112.96(May)          WTI=$109.84(June,Brent-3.12)   Nymex gas=$8.83(May)   
NBP =138p(May,Nymex+8.42) TTF=€85.425(June,Nymex+17.99) JKM=$23.433(June,Nymex+14.60)

Today 08:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45395790M/
On 19-May-2022, Bank of America reduced from 7.214% to 6.91%.

Today 07:30 Angus Energy PLC (ANGS)
Acquisition of 49% interest in Saltfleetby
https://www.investegate.co.uk/angus-ene ... 30055713M/
Angus Energy Plc (AIM:ANGS) is pleased to announce that it has executed a share purchase agreement ("SPA") to acquire the entire issued share capital of the Company's current joint venture partner in the Saltfleetby Project (the "Project"), Saltfleetby Energy Limited, (" SEL " or the " Target ") which owns a 49% working interest in the Project (the "Acquisition") thereby giving Angus Energy a 100% interest in the Project. To fund the Acquisition and other working capital requirements, the Company has concurrently arranged a direct subscription with affiliates of Aleph International Holdings (UK) Limited ("Aleph") pursuant to which Aleph has subscribed for a total of 546,000,000 Ordinary Shares in the Company at a price of 1.09896011 pence, being £6,000,000 (Direct Subscription) split into an initial unconditional tranche of £3,000,000 and a second tranche of £3,000,000 conditional on Shareholder approval.
The Company has executed a share purchase agreement to acquire the entire issued share capital of the Target from Forum Energy Services Limited ("Forum" or the "Seller"). The total effective consideration payable pursuant to the SPA is the sum of £14,052,000...following the issue of the Initial Subscription Shares detailed below, Forum, will hold 637,000,000 Ordinary Shares in Angus representing approximately 28% of the Enlarged Issued Share Capital and just under 25% of the Enlarged Issued Share Capital following the issue of the Secondary Subscription Shares below....
An opportunity has arisen to consolidate our partners' 49% holding in the Saltfleetby asset for up to £14.052 million which represents a significant discount to the October 2021 P90 valuation of our own 51% interest at £25.4 million. That October 2021 CPR used an average price per therm for gas of under 70 pence over the entire life of the field

Today 07:12 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 12365708M/
They bought back 430,455 shares at 198.15p = £852,946.58

Today 07:12 TotalEnergies SE (TTE)
South Korea: TotalEnergies Signs LNG Long-Term Sale Contract with Hanwha Corporation
https://www.investegate.co.uk/totalener ... 1200Z4601/
announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024.

Today 07:00 Nostrum Oil & Gas (NOG)
Q1 2022 Financial Results
https://www.investegate.co.uk/nostrum-o ... 00054985M/
Nostrum's management team will present the Q1 2022 Results and will be available for a Q&A session with analysts and investors today, 24 May 2022, at 2pm UK time...
· Revenues of US$60.2m (Q1 2021: US$46.2m) against average realised Brent oil price of US$97.9/bbl (Q1 2021: US$61.8/bbl).
· EBITDA1 of US$40.5m (Q1 2021: US$26.8m) with EBITDA1 margin of 67.3% (Q1 2022: 58.0%).
· Closing unrestricted cash as at 31 March 2022 of US$180.8m (31 December 2021: US$165.2m).
· Daily production after treatment averaged 14,683 boepd (Q1 2021: 19,341 boepd).

Today 07:00 Trinity Exploration (TRIN)
Final Results
https://www.investegate.co.uk/trinity-e ... 00125201M/
· Revenues of USD 66.2 million (2020: USD 44.1 million)
· Average production of 3,069 bopd (2020: 3,232 bopd)
· Average price per barrel received increased to USD 60.4/bbl (2020: USD 37.7/bbl)
o Q1 production levels resilient with volumes averaging 3,013 bopd (Q4 2021: 3,103 bopd). 2022 average production will be influenced by the timing and outcomes of the drilling campaign.
o Cash balance of USD 17.5 million as at 31 March 2022 (unaudited) (USD 18.3 million as at 31 December 2021)
o Average realisation of USD 83.1/bbl for Q1 (Q1 2021: USD 52.3/bbl)
The Company will be hosting a presentation through the digital platform Investor Meet Company at 16.00 today.
management's estimate of the Group's 2P reserves as at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C volumes are therefore 66.95 mmbbls.

Today 07:00 Coro Energy PLC (CORO)
Corporate Update
https://www.investegate.co.uk/coro-ener ... 00065141M/
is pleased to report that average gas production during April 2022 (post the recommencement of Sillaro in March 2022) was approximately 20,000 scm/d generating approximately €580,000 in revenue. In addition, Coro's Italian subsidiary also received a VAT reclaim of approximately €200,000 in April 2022....
Vietnam - The 3MW solar rooftop pilot project is expected to achieve maiden revenues before the end of 2022 with net cash flow of approximately $0.3m per annum thereafter.
Mako (495bcf gross, 15%) - Coro reports that the operator of the PSC continues to make steady progress towards a Final Investment Decision ("FID") in 2023 with first gas production and sales targeted for 2025. The Company estimates its share of pre-FID expenditure at approximately US$1m, with further capital expenditure post FID (assuming a leased processing facility) of approximately US$38m net to Coro.
Coro has a strong funding position from a combination of its cash position of approximately US$2.8m (as at 12 April 2022),

Today 07:00 Reabold Resources (RBD)
Reabold North Sea - Presentation on New Licences
https://www.investegate.co.uk/reabold-r ... 00145208M/
is pleased to provide additional details on the new licences which it is to acquire (the " Acquisition ") from Corallian Energy Limited ("Corallian") for a consideration of £250,000, per the conditional sale and purchase agreement announced by the Company on 4 May 2022

Yesterday 17:35 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 3500Z4204/
€230m

Yesterday 17:25 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 25435047M/
They bought back 9,000,000 shares at 426.138p = £38,352,444.00

Yesterday 17:07 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0740H5104/
They bought back 3,911,000 shares at £23.782 = £93,012,562

Yesterday 16:31 Velocys PLC (VLS)
Holding(s) in Company
https://www.investegate.co.uk/velocys-p ... 31224926M/
On 23-May-2022, Killik & Co LLP reduced from 3.12% to 2.99%.

Yesterday 15:32 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 3246H5079/
in a Dividend Reinvestment Plan (“DRIP”) to receive a cash dividend on future dividend payments on his shareholdings in an Equiniti Nominee Account. As at May 20, 2022, Ed Daniels held 34,152 Shell plc Shares in this Nominee Account.

Yesterday 15:07 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 07194776M/
On May 23 ,2022, Alan Douglas Brimacombe (Calgary, Alberta, Canada) increased from NA to 7.058%.

Yesterday 14:40 PJSC Tatneft (ATAD)
Board Recommends Dividends
https://www.investegate.co.uk/pjsc-tatn ... 40034742M/
The 2021 final dividend (in addition to the interim dividends for the six and nine months of 2021) of 16 Rubles 14 Kopecks (1614% of the par value) per each preferred and ordinary share to be paid in cash pursuant to the requirements of Russian law.

Yesterday 14:00 Bowleven plc (BLVN)
Price Monitoring Extension
https://www.investegate.co.uk/bowleven- ... 00334705M/
https://uk.finance.yahoo.com/quote/BLVN.L/chart
On the day it's ended in the usual range but at one point spiked down to -13.2%. Over the last 2 weeks it's been in the usual range.

Yesterday 12:37 TotalEnergies SE (TTE)
TotalEnergies: United States: Launch of Carbon Capture Project to Decarbonize Liquefied Natural Gas Production at Cameron LNG
https://www.investegate.co.uk/totalener ... 3700Z3402/
has signed an agreement with Sempra Infrastructure, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the Hackberry Carbon Sequestration (HCS) project at Cameron LNG, a natural gas liquefaction and export facility located in southwest Louisiana, U.S.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#502690

Postby Hallucigenia » May 25th, 2022, 11:13 am

The big excitement is Toronto's Tenaz announcing a deal to buy SDX - I'm sure they won't be the last to be snapped up, Tullow's AGM statement effectively says they're looking for takeovers. Gran Tierre refinance 6.25% notes due 2025 at 8.75% due 2029, Gulf Keystone finally get paid their arrears, Caspian Sunrise's new well adds a useful chunk of production, Total buy yet more renewables in the US, Shell's AGM was entertaining.

Brent=$114.99(May)          WTI=$111.39(June,Brent-3.60)   Nymex gas=$8.79(May)   
NBP =139p(May,Nymex+8.58) TTF=€84.600(June,Nymex+17.68) JKM=$23.433(June,Nymex+14.64)

Today 10:11 Diversified Energy PLC (DEC)
Original-Research: Diversified Energy PLC (von First Berlin Equity Research GmbH): Kaufen
https://www.investegate.co.uk/diversifi ... 1124ESVRC/
First Berlin Equity Research has published a research update on Diversified Energy PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes upgraded the stock to BUY and increased the price target from GBp 150.00 to GBp 160.00.

Today 10:00 Hurricane Energy PLC (HUR)
Notice of AGM
https://www.investegate.co.uk/hurricane ... 00056396M/
The Company's AGM will be held on 29 June 2022 at 11.00 a.m. at The Science Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.
Classy and a bit geeky, I like it.

Today 07:11 Gulf Keystone Petrol (GKP)
Notice of AGM
https://www.investegate.co.uk/gulf-keys ... 11496821M/
Gulf Keystone's 2022 Annual General Meeting ("AGM") will be held on Friday 24 June 2022 via webcast at 10 A.M. (CET).

Today 07:03 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 03246818M/
a gross payment of $55.8 million ($43.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $45.1 million ($35.3 million net to GKP) for Shaikan crude oil sales during February 2022 and gross $10.7 million ($8.4 million net to GKP) in relation to the arrears from the outstanding February 2020 invoice.
The arrears related to the November 2019 to February 2020 invoices have now been fully recovered.

Today 07:03 SDX Energy PLC (SDX)
RECOMMENDED ALL-SHARE COMBINATION
https://www.investegate.co.uk/sdx-energ ... 03247362M/
SDX merging with Toronto-listed Tenaz at a ratio of 0.075 New Tenaz Shares for each 1 SDX Share, so ~10p/share or a 24% premium to last night's close. Values SDX at £21.4m, SDX shareholders will own 36% of the combined group.
Currently 8.5/9p

Today 07:00 Caspian Sunrise plc (CASP)
Operational update
https://www.investegate.co.uk/caspian-s ... 00086858M/
is pleased to report the successful workover of Well 142 on the MJF structure, which has added a further approximately 1,400 bopd (at 8mm choke) to the BNG production capacity, which including the existing South Yelemes wells, is now approximately 4,000 bopd...
Deep Well 802 is planned to be spudded in June...Deep Well 802 is expected to take 6 months to drill
We continue to experience a $30-35 per barrel discount to Brent for oil sent through the Russian pipeline network. The Brent crossover price, when the net returns from sales to the international market equate to the net returns for domestic sales, is approximately $90 per barrel.

Today 07:00 Tullow Oil PLC (TLW)
AGM Statement
https://www.investegate.co.uk/tullow-oi ... 00046737M/
In our exploration portfolio we are aiming to get the best possible returns and we are about to spud an exciting well in Guyana. We expect to announce the result of this well in the third quarter of 2022....Now, we have the clear potential to grow our business both organically and inorganically

Today 07:00 Predator O&G Hldgs (PRD)
Launch of Mag Mell White Paper
https://www.investegate.co.uk/predator- ... 00046790M/
is pleased to announce that Mag Mell Energy Ireland Ltd. will be publishing in Ireland a white paper document today at 10.00am titled "Keeping Ireland's Energy Flowing" which focusses on how Ireland can repurpose existing infrastructure at the Kinsale Head Gas Field to help insulate itself from the rising gas prices and ensure security of energy supply during the transition to renewables.

Today 07:00 TotalEnergies SE (TTE)
United States: TotalEnergies Acquires 50% of Clearway, the 5th Largest U.S. Renewable Energy Player
https://www.investegate.co.uk/totalener ... 0000Z6901/
announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th US renewable energy player. This constitutes its largest acquisition in the renewable energy in the United States...CEG is a developer of renewables projects and controls and owns 42 % of economic interest of its listed subsidiary, Clearway Energy Inc. (CWEN)...Clearway has 7.7 GW of wind and solar assets in operation through its listed subsidiary CWEN and has a 25 GW pipeline of renewable and storage projects, of which 15 GW are in an advanced stage of development.


Today 07:00 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 00097351M/
They bought back 417,680 shares at 199.03p = £831,308.50

Today 02:35 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures
https://www.investegate.co.uk/gran-tier ... 3527H9388/
announced the commencement of offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 / U37016AA7; ISIN: US38502JAA97 / USU37016AA70) (the “2027 Notes” and, together with the 2025 Notes, the “Existing Notes”) for newly issued 8.750% Senior Secured Amortizing Notes due 2029 (the “New Notes”),

Yesterday 17:30 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 30406675M/
They bought back 9,000,000 shares at 422.360p = £38,012,381.00

Yesterday 17:11 Lekoil Limited (LEK)
Extraordinary General Meeting 27 May 2022
https://www.investegate.co.uk/lekoil-li ... 11116600M/
its Extraordinary General Meeting ("EGM") will be held on 27 May 2022 at 4:00 p.m. BST.

Yesterday 17:06 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0624H5360/
They bought back 3,953,000 shares at £23.602 = £93,299,068

Yesterday 16:50 Afentra PLC (AET)
RESULT OF 2022 ANNUAL GENERAL MEETING
https://www.investegate.co.uk/afentra-p ... 50456588M/
at its Annual General Meeting held today, Resolutions 1 to 10 below were passed on a show of hands and Resolutions 11 to 13 [authorising buybacks etc] below were passed on a poll.

Yesterday 16:42 EnQuest PLC (ENQ)
Notice of AGM
https://www.investegate.co.uk/enquest-p ... 42266569M/
The AGM will take place at 11:00 a.m. (BST) 17 June 2022 at Ashurst LLP, London Fruit & Wool Exchange 1 Duval Square, London E1 6PW, United Kingdom.

Yesterday 16:36 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 36166567M/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's up +11.2%. Over the last 2 weeks it's up +18.4%.

Yesterday 16:18 Shell plc (SHEL)
Result of AGM
https://www.investegate.co.uk/shell-plc ... 1858H5341/
Shell plc announces the poll results on the resolutions at its Annual General Meeting held on Tuesday May 24, 2022 at Central Hall Westminster, Storey’s Gate, Westminster, London, SW1H 9NH. Resolutions 1-20 were carried and resolution 21 (Shareholder resolution) was not carried.
[21 was lost 80:20, to report on progress towards Paris climate goals]

Yesterday 14:15 Chariot Limited (CHAR)
PFS and Framework Agreement for Hydrogen Project
https://www.investegate.co.uk/chariot-l ... 15016405M/
the Pre-Feasibility Study ("PFS") for the large green hydrogen project "Project Nour" in Mauritania has been completed and a Framework Agreement has been signed, mapping out the next phases of development.
· With up to 10 GW of electrolysis installed, Project Nour could become one of the largest green hydrogen projects globally by 2030.

Yesterday 14:11 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 11036416M/
On 23/05/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 12.62% to 11.95%.

Yesterday 14:02 Challenger Energy (CEG)
Holding(s) in Company
https://www.investegate.co.uk/challenge ... 02166408M/
On 25 April 2022, Rookharp Capital Pty Ltd (Dubbo, Australia) increased from not disclosed to 5.66%

Yesterday 13:42 'Surgutneftegas' PJSC (SGGD)
Information statement of other events (actions) that, according to the issuer, exert a significant impact on the value or quotations of its securities
https://www.investegate.co.uk/--39-surg ... 4203ERRTM/
obtained the permission to continue circulation outside the Russian Federation of “Surgutneftegas” PJSC shares

Yesterday 12:55 Nostrum Oil & Gas (NOG)
TR-1: Notification of major holdings
https://www.investegate.co.uk/nostrum-o ... 55016321M/
On 23-May-2022, STEPPE RESOURCES INVESTMENTS FZE holding via STEPPE CAPITAL PTE LTD reduced from 8.56% to 0%.

Yesterday 11:26 Thalassa Holdings Ltd (THAL)
Appointment of Non-Executive Director
https://www.investegate.co.uk/thalassa- ... 2632ENXFL/
is delighted to announce the appointment of Mr. Kenneth Morgan as a director of the Company. Kenneth Morgan has worked in the international financial services industry for over 50 years having spent time in the Cayman Islands, Bermuda and most recently, the British Virgin Islands


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