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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 1335
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#502936

Postby Hallucigenia » May 26th, 2022, 12:38 pm

Good results from PetroTal and Energean, Coro suspend Sillaro because of hot weather in Italy (!), Challenger finally sign their Namibia-equivalent in Uruguay, light warning from Petrofac
Brent=$114.93(May)             WTI=$111.29(June,Brent-3.64)    Nymex gas=$8.98(May)   
NBP =142.35p(May,Nymex+8.98) TTF=€85.480(June,Nymex+17.87) JKM=$22.220(July,Nymex+13.24)

Today 07:22 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 22138999M/
They bought back 386,564 shares at 199.70p = £771,968.31

Today 07:00 PetroTal Corp. (PTAL)
Q1 2022 Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00088968M/
· Achieved record quarterly production of 11,746 barrels of oil per day ("bopd") and record quarterly sales of 15,518 bopd, up 60% and 80%, respectively, from Q1 2021, representing the Company's sixth straight quarter of growth, despite production being either constrained or completely shut down during six weeks of the quarter due to social protests;
· Completed well 10H on January 30, 2022, Peru's longest ever horizontal well, with an all-in cost of $11.5 million that averaged 10,500 bopd over its first ten days, accumulating 251,320 barrels in the month of February 2022, delivering a pay back of four weeks;
· Achieved a new daily Company production record of 21,000 bopd twice in the month of February 2022;
· Received Ministry approval for the Company's central processing facility ("CPF-2") to operate Bretana to its maximum capacity range of 24,000 to 26,000 bopd allowing the Company significant running room for development;
· Generated record net operating income ("NOI") and EBITDA(a) of $64.2 million and $58.7 million, respectively, more than tripling the equivalent amounts from Q1 2021;
· Generated record free cash flow(a) of $41.2 million before changes in non cash working capital and debt service, providing the Company with a liquidity buffer which allowed it to navigate the downtime experienced in March due to social unrest and repay $20 million of its long term debt, on April 1, 2022;
· Invested $17.5 million in capital expenditures, under budget by $18.5 million (50%) due to drilling delays from the March social protests. Of the $17.5 million invested, approximately 65% was related to drilling activities and the remainder mostly on infrastructure projects; and,
· On February 22, 2022, PetroTal announced a $120 million fully funded capital program that could potentially generate up to $230 million of free cash flow in 2022, allowing the Company the optionality to redeem the remaining $80 million in bonds early and implement its strategy of returning capital to shareholders in Q4 2022 or Q1 2023, subject to Board approval and economic viability.

Today 07:00 Energean PLC (ENOG)
Trading Statement & Operational Update
https://www.investegate.co.uk/energean- ... 00078387M/
· Revenues for the period were $170.7 million, an 80% increase versus Q1 2021 ($94.9 million)
· EBITDAX for the period was $89.6 million, a 172% increase versus Q1 2021 ($32.9 million)
· Group cash as of 31 March 2022 was $812.7 million (including restricted amounts of $135.6 million)
· Production in the four-months to 30 April 2022 was 36.1 kboed (73% gas)
o Within full-year guidance (excluding Israel) of 35-40 kboed
· First gas from Karish on track for Q3 2022, development was 93.2% complete and the FPSO 99.3% complete as at 30 April 2022
o The Energean Power FPSO has sailed-away from Singapore and is expected to arrive in Israel in early June
· Inaugural dividend policy announced
· Commercial discovery made by the Athena exploration well, containing recoverable gas volumes of 8 bcm (283 bcf / 51 mmboe) on a standalone basis.
o Discovery de-risks an additional 50 bcm (1.8 tcf / 321 mmboe) of mean unrisked prospective resources across Energean's Olympus Area (total 58 bcm / 372 mmboe including Athena).
The KN-01 exploration well will be re-entered, side-tracked and completed as a production well as part of the Israel growth drilling campaign, expected during the summer 2022,
In May 2022, the Stena IceMAX re-spudded the Karish Main-04 exploration and appraisal well

Today 07:00 Energean PLC (ENOG)
Change of AGM venue and time
https://www.investegate.co.uk/energean- ... 00118420M/
the Board is of the view that it is impracticable for a reason beyond the Company's control, to hold the meeting at the declared place and time, therefore the AGM will now be held at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW on Thursday 26 May 2022 at 9 a.m. (BST). [9am AGMs, boo]

Today 07:00 Egdon Resources PLC (EDR)
Quarterly Financial Update and Loan Repayment
https://www.investegate.co.uk/egdon-res ... 00068302M/
· Revenue for the three-month period from February to April 2022 was £2.23 million (2021: £0.31 million and H1 2022: £2.55million).
· Revenue was primarily from the Wressle and Ceres fields, with average realised oil prices during the period February to April 2022 of $106.67 per barrel of oil ("bbl") (February to April 2021: $62.43/bbl) and averaged realised gas prices of 217p per therm ($149 per barrel of oil equivalent ("boe") (February to April 2021: 45p/therm ($44/boe)).
· On 25 May 2022 the £1 million commercial loan facility (the "Loan") was repaid to Union Jack Oil PLC along with accrued interest as per the agreed terms.
· Accounting for repayment of the Loan, on 1 May 2022 the Company held unaudited cash and cash equivalents of £2.73 million (31 January 2022: £2.08 million) and net current assets of £2.76 million (31 January 2022: £1.16 million).
"I am pleased to report that continuing strong production from Wressle and Ceres coupled with high oil and gas prices have translated into a robust year to date financial performance for Egdon. The material cash flow generated has been transformational, enabling the Company to become debt free and funded for all near-term commitments in parallel with considering further growth opportunities."

Today 07:00 Union Jack Oil PLC (UJO)
Repayment of £1m Loan by Egdon Resources plc
https://www.investegate.co.uk/union-jac ... 00068243M/
is pleased to announce that the £1,000,000 loan made to Egdon Resources plc by the Company, announced on 26 November 2020, has been repaid in full as per the agreement.

Today 07:00 Nostra Terra O&G Co (NTOG)
Q1 Production and Operations Update
https://www.investegate.co.uk/nostra-te ... 00078407M/
· 6% increase in Q1 Company revenue ($810,699 Q1-22 vs $767,000 Q4-21)
· 14% decrease in Q1 average net daily production (102 bopd Q1-22 vs 118 bopd Q4-21) and an increase of 21% vs H1 2021 average (84 bopd)
· 25% increase in Q1 oil sales price per bbl ($88.16 Q1-22 vs $70.46 Q4-21)
· Fouke 2 well at Pine Mills put into production, exceeding expectations (NTOG 32.5% Working Interest) (post-period)
· Current Company production is approx. 140 bopd (net), an increase of 37% over Q1-22

Today 07:00 Coro Energy PLC (CORO)
Italy Production Enhancement & Sillaro Production
https://www.investegate.co.uk/coro-ener ... 00088493M/
At Rapagnano, the slick line measurements are complete and management is encouraged by the results. Consequently, the Company intends to commission an independent competent persons' report to establish estimated resources in due course. The work to date supports the planned well work-over to reperforate the producing interval, which is scheduled for August 2022 and is expected to significantly enhance the well production performance. At Casa Tiberi, a slick line job is underway with a view to removing the downhole sediments that were obstructing the gas flow. The well will be shortly put back in production which is expected to be in line with historic levels. At Casa Tonetto, the slick line measurements have been completed and indicate very encouraging wellhead pressure and downhole gradient measurements, supporting the well re-opening to recover remaining gas reserves...restarting production during the summer at initial rates of up to 2,000 scm/d
Due to unexpectedly high temperatures in Italy over the last few days, gas production at Sillaro has seen an increase of moisture which is outside of the specification for the gas pipeline. The well has therefore been temporarily suspended

Today 07:00 Petrofac Limited (PFC)
AGM Statement
https://www.investegate.co.uk/petrofac- ... 0008EPXAL/
We are experiencing some near-term headwinds as we complete a number of EPC projects in our relatively small, mature portfolio, which will impact E&C’s 2022 performance. However, the outlook for order intake in E&C remains robust with a diverse and active bidding pipeline, giving us confidence that we will achieve our medium-term performance ambition. This includes achieving Group revenue of US$4-5 billion, including c.US$1 billion from new energies, with a sector leading 6-8% EBIT margin and a return to a net cash position....Overall, principally as a result of the E&C performance, the Group is now expected to have a modest free cash outflow for the year. [off 5%]

Today 07:00 SDX Energy PLC (SDX)
SPUDDING OF MA-1X EXPLORATION WELL
https://www.investegate.co.uk/sdx-energ ... 00068364M/
is pleased to announce the spudding of the MA-1X exploration well (SDX WI 67%), targeting the Mohsen prospect in the Exploration Extension Area of South Disouq. MA-1X spudded on 21 May 2022 and is expected to reach TD in approximately three weeks. The primary target is the basal Kafr El Sheikh sand at around 5,730 ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 21 Bcf and has a 45% chance of success.

Today 07:00 Challenger Energy (CEG)
Uruguay Licence Signing
https://www.investegate.co.uk/challenge ... 00098985M/
Following final approvals being granted by decree of the President of Uruguay, the AREA OFF-1 licence was formally signed on 25 May 2022. Consequently, the first 4-year exploration period under the licence has commenced....The AREA OFF-1 play system is directly analogous to the recent prolific, conjugate margin discoveries made offshore Namibia by Total (the Venus well) and Shell (the Graff well),

Today 07:00 Reabold Resources (RBD)
Completion of Equity Exchange Agreement
https://www.investegate.co.uk/reabold-r ... 00088475M/
pleased to announce that, further to the meeting of shareholders in Daybreak Oil and Gas Inc ("Daybreak"), which approved the Transaction, all conditions precedent have now been satisfied for the completion of the Equity Exchange Agreement, which was initially announced by the Company on 21 October 2021.

Yesterday 17:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0336H5658/
They bought back 3,953,000 shares at £23.843 = £94,252,626

Yesterday 16:56 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 56048241M/
They bought back 9,000,000 shares at 427.904p = £38,511,392.00

Yesterday 16:45 S.N.G.N. Romgaz S.A. (SNGR)
Appointment of Interim Non-executive Director
https://www.investegate.co.uk/s.n.g.n.- ... 45288231M/
appointed Mr. Virgil Marius METEA as interim non-executive director of S .N.G.N. Romgaz S.A.

Yesterday 16:36 Tullow Oil PLC (TLW)
Result of Annual General Meeting
https://www.investegate.co.uk/tullow-oi ... 36528186M/
at its 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, except for resolution 14 ["the Board of Directors of the Company be empowered to allot equity securities for cash and/or to sell ordinary shares held by the Company as treasury shares for cash."]

Yesterday 14:00 BP PLC (BP.)
BP appoints Goldman Sachs joint corporate broker
https://www.investegate.co.uk/bp-plc--b ... 00238057M/
it has appointed Goldman Sachs International to act as its joint corporate broker alongside UBS.

Yesterday 13:16 TotalEnergies SE (TTE)
TotalEnergies SE: Ordinary and Extraordinary Shareholders’ Meeting of May 25, 2022
https://www.investegate.co.uk/totalener ... 1600Z7601/
The Combined Shareholder’s Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 25, 2022, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions approved by the Board of Directors,

Yesterday 12:38 Edison Investment Research Lim (CNE)
Canacol Energy (CNE): Shift towards high-impact drilling
https://www.investegate.co.uk/edison-in ... 3804EXOPX/
ratio of 200% per year (on average). The company’s first test of the MMV will be the Pola-1 well spudding in Q322, targeting 470bcf of mean gross risked prospective resources. Success here would be transformational given that Canacol currently holds 607bcf of 2P reserves. We believe the share price does not reflect the exploration upside and value the company at C$6.29/share, more than double the current share price.

Yesterday 12:29 Egdon Resources PLC (EDR)
Exercise of warrants and total voting rights
https://www.investegate.co.uk/egdon-res ... 29597931M/
£10k of warrants exercised from July 2021

Yesterday 12:00 Petrol AD (74JJ)
Annual Financial Report
https://www.investegate.co.uk/petrol-ad ... 00127881M/
https://www.rns-pdf.londonstockexchange ... 2-5-25.pdf

Yesterday 11:16 PAO Novatek (NVTK)
NOVATEK Inaugurates New Laboratory Center
https://www.investegate.co.uk/pao-novat ... 16597799M/
it has inaugurated NOVATEK's Laboratory and Research Center in Tyumen that would significantly expand the Company's scientific and technical capabilities....

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#503155

Postby Hallucigenia » May 27th, 2022, 12:41 pm

Phoenix Global still struggling to make money in Argentina and trailing some kind of extra funding, Southern Energy OKish, some production glitches but slowly paying off their debt, brutal for Advance shareholders - a partner decides not to go forward with a licence and that's it, they've got no assets beyond a bit of cash. Contarf spud Sasanof which could be big for them, lots of AGMs if you want to go looking for presentations

Brent=$117.15(May)          WTI=$113.55(June,Brent-3.60)    Nymex gas=$8.63(June)   
NBP =146p(May,Nymex+9.78) TTF=€84.735(June,Nymex+17.97) JKM=$22.485(July,Nymex+13.85)

Today 11:59 i3 Energy PLC (I3E)
Director Dealings, Exercise of Options and TVR
https://www.investegate.co.uk/i3-energy ... 59481074N/
employees have elected to exercise options ("Options Exercise") over an aggregate 114,547,030 ordinary shares ("Option Shares") of the Company.

Today 09:44 Star Phoenix Group (STA)
Update on LandOcean Arbitration Proceedings
https://www.investegate.co.uk/star-phoe ... 44150795N/
As announced on 6 May 2022, a final hearing in relation to the Stage 1 Claims was scheduled by the Tribunal to be held on 30 May 2022. LandOcean has however applied to postpone the final hearing which accordingly will be re-scheduled to a yet to be determined date.

Today 07:17 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 17560545N/
They bought back 38,108 shares at 200.65p = £76,463.70

Today 07:00 Phoenix Global Res (PGR)
Final Results
https://www.investegate.co.uk/phoenix-g ... 00029836M/
· Revenue of US$78.4 million (2020: US$54.0 million)
· Adjusted EBITDA US$13.1 million (2020: Adjusted EBITDA loss of US$7.2 million)¹
· Cash generated from operations US$49.6 million (2020: cash used in operations US$6.3 million)
· Operating loss of US$58.7 million (2020: loss of US$219.7 million)
· Average daily sales in 2021 of 4,425 beopd (2020: 3,776 boepd)²
· 2P reserves at 54.0MMboe (2020: 18.8MMboe)
The Company is fundamentally focused on unconventional development and has good assets in this space but recognises that significant investment will be required in the coming years to develop these and enhance value and acknowledges this is subject to being able to access funding to support these activities, which may include third party partners and local debt providers in the funding mix.

Today 07:00 Southern Energy Corp (SOUC)
FIRST QUARTER 2022 FINANCIAL AND OPERATING RESULTS
https://www.investegate.co.uk/southern- ... 00060077N/
· $2.2 million of adjusted funds flow from operations[1] in Q1 2022, an increase of 121% from the same period in 2021
· Petroleum and natural gas sales of $5.9 million in Q1 2022, an increase of 54% from the same period in 2021
· Q1 2022 average production of 11,515 Mcfe/d[2] (1,919 boe/d) (92% natural gas), an 11% decrease from the same period in 2021
Net loss of $1.9 million in Q1 2022 ($0.02 per share - basic and diluted), with an unrealized loss on derivatives of $2.9 million, compared to a net loss of $0.6 million in Q1 2021
· Exited Q1 2022 with Net Debt1 of $10.7 million, and Net Debt to Q1 2022 annualized Adjusted Funds Flow from Operations1 of 1.2x
Current May 2022 production estimates are back to expected levels of approximately 11,820 Mcfe/d[3] (1,970 boe/d).

Today 07:00 Reabold Resources (RBD)
Full Year Results for the year ended 31 Dec 2021
https://www.investegate.co.uk/reabold-r ... 00060050N/
With both gas and liquid hydrocarbons recovered to surface, the test programme provided further evidence that there is a substantial hydrocarbon column and resource in place. The updated Most Likely Median Case of in-place hydrocarbons over PEDL183 was estimated to be 412 .3 m m bb l of oil and 183.5 bcf of gas.

Today 07:00 Advance Energy PLC (ADV)
Buffalo Licence expiry and AIM Rule 15 Cash Shell
https://www.investegate.co.uk/advance-e ... 00029703M/
Carnarvon Petroleum Timor, Lda has elected not to enter the next period of the TL-SO-T 19-14 Production Sharing Contract (the "Buffalo Licence").As a consequence t he Buffalo Licence will lapse on 27 May 2022 and the Company will become an AIM Rule 15 cash shell ("AIM Rule 15 Cash Shell") on that date.

Today 07:00 Clontarf Energy PLC (CLON)
Sasanof-1 well spudding
https://www.investegate.co.uk/clontarf- ... 00060543N/
· Drilling of Sasanof-1 well has now started....The current schedule expects drilling through the target reservoir occurring, at earliest, between Thursday 2nd and Sunday 5th June.

Today 07:00 Oilex Ltd (OEX)
Cambay Reserves Re-classification
https://www.investegate.co.uk/oilex-ltd ... 00029221M/
A review of Oilex's net reserve and resource position in the Cambay PSC by an independent reserves auditor has resulted in the return of 206 BCF of gas and 8 million barrels of condensate to the 2P Reserves category from Contingent Resources.
2. Oilex's participating interest in the reserves and resources has increased from 45% to 100% following its purchase of GSPC's share of the project.

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00060030N/
On 25/05/2022, GLG Partners LP reduced from 5.525165% to 5.507837%.

Today 07:00 Longboat Energy PLC (LBE)
Notice of AGM
https://www.investegate.co.uk/longboat- ... 00079920M/
announces the posting to shareholders of the Notice of Annual General Meeting, to be held on 23 June 2022

Today 07:00 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 00070082N/
On 24/05/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited reduced from 11.95% to 10.87%.

Yesterday 17:41 DCC PLC (DCC)
Director/PDMR Shareholding
https://www.investegate.co.uk/dcc-plc-- ... 41199953M/
Chief exec options

Yesterday 17:22 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 22579934M/
On 24-May-2022, IntegraFin Holdings plc increased from 0% to 3.02%.

Yesterday 17:08 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 08589907M/
They bought back 9,000,000 shares at 432.759p = £38,948,270.00

Yesterday 17:04 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0441H5835/
They bought back 3,980,000 shares at £24.050 = £95,719,777

Yesterday 16:38 San Leon Energy PLC (SLE)
Update on development of the Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 38089852M/
San Leon has a 11.5% shareholding in Decklar Petroleum Limited ("DPL"), the local subsidiary of Decklar operating in Nigeria...Decklar Resources Inc. (TSX-V: DKL) is pleased to announce the initial successful shipments of crude oil via trucks from the Oza Oil Field to the Umugini Pipeline Infrastructure Limited ("UPIL") crude handling facilities.

Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35429840M/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's jumped +11.9%.

Yesterday 16:12 Angus Energy PLC (ANGS)
Notice of General Meeting ("GM")
https://www.investegate.co.uk/angus-ene ... 12429818M/
[following the Saltfleetby deal which needs the issue of more shares than they have authority for] the Company is now convening a general meeting (the "GM") to table resolutions to authorise the second tranche of the subscription shares and warrants...The GM will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Monday 13 June 2022 at 11.00 a.m.

Yesterday 16:04 Aminex PLC (AEX)
Result of AGM
https://www.investegate.co.uk/aminex-pl ... 04299807M/
the resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held earlier today were duly passed. Each of the resolutions put to the AGM was voted on by way of a poll and the results are set out below.

Yesterday 15:57 Jersey Oil & Gas PLC (JOG)
Result of Annual General Meeting
https://www.investegate.co.uk/jersey-oi ... 57479803M/
the resolutions proposed at its Annual General meeting ("AGM") held earlier today, as set out in the formal Notice of Annual General Meeting dated 28 April 2022, were all duly approved by shareholders.
The Company is pleased to note that it has uploaded a corporate presentation that was presented at the AGM which can be accessed from the Company's website or via the following link: http://www.jerseyoilandgas.com/investors/presentations/.

Yesterday 15:38 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 38319789M/
On 24-May-2022,Spreadex LTD reduced from 4.624% to 3.495%.

Yesterday 12:59 Petrofac Limited (PFC)
Board Changes
https://www.investegate.co.uk/petrofac- ... 5956EFCFQ/
Andrea Abt and George Pierson will today step down as Non-executive Directors.

Yesterday 12:56 Petrofac Limited (PFC)
RESULTS OF ANNUAL GENERAL MEETING
https://www.investegate.co.uk/petrofac- ... 5600EFVKW/
all resolutions set out in the Notice of Meeting for the Annual General Meeting of Petrofac Limited held on 26 May 2022 were duly passed by shareholders on a poll.

Yesterday 12:16 Energean PLC (ENOG)
Directorate Change
https://www.investegate.co.uk/energean- ... 16009468M/
Robert Peck has now stood down from the Board of Directors of the Company.

Yesterday 12:15 Energean PLC (ENOG)
Result of AGM
https://www.investegate.co.uk/energean- ... 15019462M/
at its Annual General Meeting ("AGM") held today at the offices of White & Case LLP, all resolutions put before the meeting were duly passed.

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#503724

Postby Hallucigenia » May 30th, 2022, 10:26 am

Gazprom pay out 1.24 trillion rubles in dividends...the Wressle partners get excited about the FDP being approved, Ascent officially becomes a lawsuit with an oil company attached, UKOG play buzzword bingo - hydrogen storage, green hydrogen, LNG terminal, geothermal, at the Portland storage site, Savannah go big on solar in Chad, DEC load up firepower for more acquisitions.

Brent=$120.39(May)              WTI=$116.1(June,Brent-4.29)    Nymex gas=$8.83(June)   
NBP =165p(May,Nymex+12.01) TTF=€87.750(June,Nymex+18.84) JKM=$22.625(July,Nymex+13.79)


Today 09:10 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 10012219N/
On 25-May-2022, Bank of America Corporation increased from 6.91% to 7.134%.

Today 09:00 DCC PLC (DCC)
Director/PDMR Shareholding
https://www.investegate.co.uk/dcc-plc-- ... 00182212N/
Chairman buys £55k

Today 08:01 ROSNEFT OIL COMPANY (ROSN)
Rosneft’s Board of Directors Recommends Record-High Dividends for 2021
https://www.investegate.co.uk/rosneft-o ... 0105ESYAE/
dividends in the amount of 23 rubles 63 kopecks per one ordinary share of the Company, which will enable 50% of the Company's IFRS net income attributable to the Company's shareholders to be allocated to dividends, and should set July 11, 2022 as the date on which the persons entitled to receive dividends shall be determined. Taking into account the payment of dividends for the first half of 2021, the total dividend per share for 2021 will amount to 41 rubles 66 kopecks, and the total amount of funds to pay dividends will be 441.5 bln rubles, which corresponds to 50% of IFRS net income attributable to Rosneft shareholders.

Today 08:00 Clontarf Energy PLC (CLON)
Sasanof-1 well drilling update
https://www.investegate.co.uk/clontarf- ... 00032194N/
· Over last weekend the 17-1/2" hole section was drilled to planned depth at 2072.7 metres true vertical depth below rotary table ( TVDBRT).
· The geology of the intermediate section was assessed via the Logging While Drilling tools and all Formation tops were in accordance with pre-drill predictions. This illustrates the excellent quality seismic data and demonstrates consistency with the near-by Mentorc-1 and Mentorc-2 discoveries.
· 13-3/8" casing was run and cemented in accordance with the Well Operations Management Plan.
We anticipate drilling through the target reservoir section between 2nd and 5th June 2022.

Today 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30061641N/
Jann Brown, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a purchase price of £0.258 per Share.

Today 07:05 Arrow Exploration (AXL)
RCE-2 WELL ON STREAM, RCS-1 SPUD AND Q1 RESULTS
https://www.investegate.co.uk/arrow-exp ... 05522137N/
The second well on the Tapir Block, the RCE-2, well was brought on stream slowly on May 23rd. The well initially produced clean oil at high rates but has developed a water cut. The well is currently being managed at reduced rates of 1000 BOPD (500 net). This exceeds forecast pre-drill rates of 360 BOPD net and the water cut has stabilized at less than 20%. Consistent with good production practice, oil flow rates will be adjusted in a timely manner. The Company will produce oil rates around the current level over the intermediate term. The well is expected to payout in less than six months. The RCS-1 well, was successfully spud on May 23rd and is currently drilling ahead at 1500 feet. RCS-1 is expected to reach Total Depth of 8700 feet on or about June 7th....
The Company's first quarter 2022 average corporate production increased by 61% to 1,144 boe/d, compared to the fourth quarter 2021 average production of 712 boe/d. This increase was largely attributable to the Canadian operation's tie-in of the West Pepper well in Alberta, Canada, which was brought on production in December 2021. (and turnover followed, upto $3.4m and now cashflow positive at operating level, although it's going into the dirlling campaign)

Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05031655N/
They bought back 355,122 shares at 198.18p = £703,780.78

Today 07:01 Europa Oil & Gas (EOG)
Wressle Update
https://www.investegate.co.uk/europa-oi ... 01061652N/
the North Sea Transition Authority ("NSTA") has approved the Field Development Plan for the Wressle oilfield in North Lincolnshire, held under licences PEDL180 and PEDL182 (the "Licences"), where Europa holds a 30% interest....Wressle continues to exceed our expectations, generating high levels of production and revenues, with the Wressle-1 well currently amongst the most productive in the onshore UK, producing over 170,000 barrels of oil to date. Our next steps involve advancing the development plan and consenting process to enable production from the Penistone Flags reservoir where gross Mid-case...

Today 07:00 Egdon Resources PLC (EDR)
Approval of Wressle Field Development Plan
https://www.investegate.co.uk/egdon-res ... 00061323N/
is pleased to advise that the North Sea Transition Authority ("NSTA") has approved the Field Development Plan for the Wressle oil field in North Lincolnshire, held under licences PEDL180 and PEDL182 (the "Licences") where Egdon is operator with a 30% interest.

Today 07:00 Union Jack Oil PLC (UJO)
NSTA Approves Wressle Field Development Plan
https://www.investegate.co.uk/union-jac ... 00071561N/
the NSTA has approved the Wressle Field Development Plan ("FDP")....Union Jack holds a 40% economic interest in Wressle.

Today 07:00 Ascent Resources PLC (AST)
Completion of Damages Claim Funding
https://www.investegate.co.uk/ascent-re ... 00071600N/
is delighted to announce its official entry into a binding damages-based agreement - essentially a "no win no fee" funding arrangement - to appoint Enyo Law LLP ("Enyo") to pursue the Company's Energy Charter Treaty ("ECT") and UK-Slovenia Bilateral Investment Treaty ("BIT") arbitration claim against the Republic of Slovenia....We are delighted to have secured this arrangement on behalf of our shareholders and which now positions Ascent's equity holders with material upside exposure to a claim seeking damages of several hundred million dollars.

Today 07:00 UK Oil & Gas PLC (UKOG)
Future hydrogen-ready energy storage project
https://www.investegate.co.uk/uk-oil--- ... 00061548N/
its wholly owned subsidiary, UK Energy Storage Ltd ("UKEn") has signed an Agreement to Lease ("A2L") with Portland Port Limited ("PPL") covering two sites at the former Royal Navy port in Dorset, with the intent to develop, subject to new planning consent and securing necessary development finance, a planned integrated Energy-Hub, centred around hydrogen-ready gas storage and a future green hydrogen generation capability.
As agreed between the parties, UKEn's planned Energy-Hub development concept seeks to reinvigorate and build further upon a prior unrealised project by Portland Gas Storage Ltd, granted planning consent by Dorset County Council in 2008, to situate approximately 43 billion ft³ "bcf" (1.2 billion m³ or "bcm") of underground salt cavern storage beneath PPL's land.
· Construction of up to 43 bcf (1.2 bcm) of hydrogen-ready salt cavern storage....
· Salt cavern storage would be linked to the national pipeline transmission system ("NTS") via a new planned hydrogen-ready pipeline. As per the prior 2008 project, the new pipeline would be designed with an envisaged capacity designed to be capable of handling up to 1 bcf/day...
· Pilot scale green hydrogen production and storage, together with hydrogen battery concept investigation. The Company and its consultant Xodus plan to develop future potential to supply renewable electricity for green hydrogen production at the site via an over-the-horizon floating wind farm
· Addition of a new planned LNG import facility in the port, designed to optimise cavern-fill cycle times and maximise revenues.
· Local high geothermal heat gradient to be investigated for possible local heat network and/or to power green hydrogen production;

Today 07:00 Rockhopper Exp plc (RKH)
Final Results for the Year Ended 31 December 2021
https://www.investegate.co.uk/rockhoppe ... 00081648N/
G&A US$3.3 million
· Cash of US$4.8 million as at 31 December 2021...
· Ombrina Mare Arbitration proceedings formally closed on 25 April 2022 - seeking significant monetary damages
o Tribunal has 120 days after closing to issue its Award, extendable by 60 days

Today 07:00 SDX Energy PLC (SDX)
1ST QUARTER FINANCIAL AND OPERATING RESULTS
https://www.investegate.co.uk/sdx-energ ... 00081646N/
Overall, our average production was 17% higher than mid-point guidance, with both Morocco and South Disouq outperforming and our operated assets continuing to demonstrate a sector-leading carbon intensity of just 3.6kg of CO2e/boe. In addition, we have had three successful wells drilled, including the SD-5X exploration well in South Disouq which has now been tied in and is contributing to production a month ahead of plan. Cash generation from operating activities for the period was strong at US$6.6 million and the Company's cash position has grown 14% from US$10.6 million at year-end 2021 to US$12.1 million at the end of the quarter, and is expected to improve further during the year."

Today 07:00 Echo Energy PLC (ECHO)
Argentina Operational Update
https://www.investegate.co.uk/echo-ener ... 00071596N/
In Q1 2022, the Oceano field produced an average of 1.72 MMscf/d of gas (net to Echo) and is now producing at an average rate of 2.63 MMscf/d of gas (net to Echo) over the 12 days following the maintenance and upgrades. This represents an increase of 53% in daily gas production at the Oceano field and markedly exceeds the Company's expectations prior to the operations being undertaken.
Following post-maintenance commissioning, total average daily gas production (net to Echo) across the Santa Cruz Sur assets, for the 12 days prior to 21 May 2022, increased to 8.4 MMscf/d being a 14% increase over the average daily gas production levels achieved in Q1 2022.

Today 07:00 i3 Energy PLC (I3E)
Serenity Well Engineering Operator Contract Award
https://www.investegate.co.uk/i3-energy ... 00081650N/
has entered into a contract with Petrofac Facilities Management Limited ("PFML") under which PFML will provide well engineering, operations management and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P.2358 Block 13/23c. The contract allows i3 access to PFML expertise and services for a three-year period. PFML has an existing contract with Stena Drilling Limited for the use of the Stena Don, a harsh environment, dynamically positioned fifth generation, semi-submersible drilling unit. i3 has secured a well slot with a commencement date between 15 August and 15 September 2022.

Today 07:00 Europa Oil & Gas (EOG)
Award of Well Engineering Contract for Serenity
https://www.investegate.co.uk/europa-oi ... 00081654N/
is pleased to announce that i3 Energy, as operator of Block 13/23c, has entered into a contract with Petrofac Facilities Management Limited ("PFML") to provide well engineering, operations management and operator services for the drilling of the Serenity appraisal well. PFML has an existing contract with Stena Drilling Limited for the use of the Stena Don, a dynamically positioned 5th generation semi-submersible drilling unit. A well slot for the Stena Don to drill the Serenity appraisal well has been secured where the Stena Don will come onto contract on a date between 15 August and 15 September 2022.

Today 07:00 Diversified Energy (DEC)
Securitised Financing and RBL Redetermination
https://www.investegate.co.uk/diversifi ... 00082119N/
on 27 May 2022 it closed an asset backed securitisation ("ABS") of substantially all remaining unsecuritised upstream producing natural gas and oil Appalachia assets (the "Assets"). This financing is linked to key performance indicators (KPI) based on emissions reduction targets and represents the Company's third ESG-aligned ABS in 2022. The Assets were previously pledged as collateral under the Company's Revolving Credit Facility ("RBL"). In conjunction with the closing of the $445 million ABS and reflective of the transfer of the collateral, Diversified's 16-member bank group, led by KeyBank National Association, redetermined the Company's RBL borrowing base at $300 million. Diversified will use the ABS proceeds to repay all outstanding borrowings under its RBL and for general corporate purposes, resulting in liquidity(a) of approximately $500 million pro forma as of 31 March 2022...
◦ Undrawn RBL borrowing base of $300 million
◦ $150 million increase in the Company's liquidity since its 1Q22 trading statement(d)
◦ Liquidity(a) of approximately $500 million, as of 31 March 2022 and pro forma for recent acquisitions, comprised of RBL availability and approximately $200 million in cash on hand

Today 07:00 Velocys PLC (VLS)
Mailing of 2021 annual report and AGM notice
https://www.investegate.co.uk/velocys-p ... 00081390N/
The Annual General Meeting will be held at 10.45 am on Tuesday 21 June 2022 at The Sadler Building, Heatley Road, The Oxford Science Park, Oxford OX4 4GE.

Today 07:00 United Oil & Gas PLC (UOG)
ASV-1X well update
https://www.investegate.co.uk/united-oi ... 00081660N/
ASV-1X exploration well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the Abu Sennan licence...drilled to a Total Depth of 3,496 metres encountering nine metres of net reservoir in the primary Abu Roash "C" (ARC) reservoir target and 111 metres of net reservoir in the secondary Kharita target. Indications of hydrocarbons were recorded on the mud log over the ARC reservoir target and oil was identified from the geochemical analysis of ditch-cuttings, however the initial petrophysical interpretation did not indicate the presence of net pay in either the ARC or Kharita reservoir intervals.... the Joint Venture partners have agreed to perform a well-test on the ARC reservoir in the ASV-1X well. For the purposes of comparison, the ASZ-1X well was drilled in 2018, and whilst initial petrophysical results suggested a lack of net pay in the ARC reservoir, the well flowed hydrocarbons on test, and was put onto production.

Today 07:00 Caspian Sunrise plc (CASP)
UK Oil Company Windfall Tax & Dividend Update
https://www.investegate.co.uk/caspian-s ... 00071597N/
For the avoidance of doubt the Board is pleased to confirm that the UK's new windfall tax on oil companies applies only to companies operating in the North Sea or the Continental Shelf and therefore does not apply to Caspian Sunrise....
A final hearing is expected to be held before the end of June 2022, where the Company expects the High Court will confirm the cancellation can proceed, clearing the way for Caspian Sunrise to make dividend distributions to shareholders. It is the Company's intention that such dividend distributions commence on a quarterly basis starting in July 2022.

Friday 17:51 Serica Energy PLC (SQZ)
TR-1: Notification of major holdings
https://www.investegate.co.uk/serica-en ... 51311519N/
On 26/05/2022, AXA Investment Managers S.A. reduced from 9.86% to 5.03%.

Friday 17:09 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 09461474N/
They bought back 9,000,000 shares at 429.574p = £38,661,621.00

Friday 16:55 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5536H5993/
They bought back 3,959,000 shares at £23.765 = £94,086,358

Friday 16:36 Coro Energy PLC (CORO)
Price Monitoring Extension
https://www.investegate.co.uk/coro-ener ... 36081427N/
https://uk.finance.yahoo.com/quote/CORO.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's down -17.1%.

Friday 16:36 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 36011426N/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's dropped -11.9% having touched -12%. Over the last 2 weeks it's been in the usual range.

Friday 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35311420N/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's been in the usual range.

Friday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35471424N/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's up +8.7%.

Friday 16:35 Advance Energy PLC (ADV)
Price Monitoring Extension
https://www.investegate.co.uk/advance-e ... 35541425N/
https://uk.finance.yahoo.com/quote/ADV.L/chart
On the day it's dropped -21.6% having touched -35%. Over the last 2 weeks it's been in the usual range.

Friday 16:29 Lekoil Limited (LEK)
Results of Extraordinary General Meeting
https://www.investegate.co.uk/lekoil-li ... 29301409N/
Mundane by the standards of Lekoil - auditors approved.

Friday 14:30 PJSC Gazprom (OGZD)
Bod recomended dividends of RUB 52.53 per share
https://www.investegate.co.uk/pjsc-gazp ... 30011289N/
The Board of Directors recommended that the Shareholders Meeting pay out RUB 52.53 per share in annual dividends based on Gazprom's operating results in 2021. Therefore, a total of RUB 1 trillion 243.570 billion (50 per cent of the adjusted net profit of the Gazprom Group for 2021 under International Financial Reporting Standards) will be paid out in dividends. This dividend payout will become an all-time high in the history of the Company and Russia's entire stock market alike.

Friday 12:43 Savannah Energy Plc (SAVE)
Agreement signed for New Renewable Energy Projects
https://www.investegate.co.uk/savannah- ... 43041136N/
is pleased to announce the signing of an agreement ("the Agreement") with the Ministry of Petroleum and Energy of the Republic of Chad for the development of up to 500 megawatts ("MW") of renewable energy projects supplying electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad, and the capital city, N'Djamena...The first Project Savannah has agreed to develop comprises an up to 300 MW photovoltaic solar farm and battery energy storage system ("BESS") located in Komé, Southern Chad...The second project covered by the Agreement involves the development of solar and wind projects of up to 100 MW each to supply power to the country's capital city, N'Djamena

Friday 12:26 Vivo Energy (VVO)
Holding(s) in Company
https://www.investegate.co.uk/vivo-ener ... 26061108N/
On 24-May-2022, J.P. Morgan Securities Plc holding via JPMorgan Chase & Co. increased from 5.199% to 5.695%.

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#503978

Postby Hallucigenia » May 31st, 2022, 12:28 pm

Results from the hopefuls - Borders, Tower and Baron - don't say much beyond how much cash they have and Isn't It All Very Exciting. Perhaps more interesting is the TomCo announcement where it looks like things are finally starting to move, they're clearly gearing up for a financing of the Tar Sands II deal once they have a reserves statement. And some directors of the Russians are selling, and Tatneft can't be bothered to do something as mundane as releasing some accounts.

Brent=$123.78(May)              WTI=$118.56(June,Brent-5.22)    Nymex gas=$8.66(June)   
NBP =193.2p(June,Nymex+15.67) TTF=€94.750(July,Nymex+21.09) JKM=$22.625(July,Nymex+13.96)


Today 11:48 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 48244167N/
Andrey Akimov sells RUB2.1m

Today 11:38 Star Phoenix Group (STA)
Directorate Change
https://www.investegate.co.uk/star-phoe ... 38274152N/
the changes to the Board detailed below have been approved, effective from 1 June 2022:

Today 10:55 Zenith Energy Ltd (ZEN)
Update on workover of ROB-1
is pleased to provide an update on operations in well ROB-1 ("ROB-1") of the Robbana concession (onshore Tunisia). Zenith can confirm that Schlumberger logging operations performed in ROB-1 have evidenced major corrosion in the casing and a lack of cementing in the location of previous perforations performed in 1988 being the cause of water ingress in the wellbore....Production from ROB-1 is planned to recommence on June 8, 2022, with stablished production expected to be achieved on or before June 18, 2022.

Today 10:50 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 50284033N/
As at 31 May 2022, Tullow Oil plc's issued share capital consisted of 1,437,999,835 ordinary shares (with a nominal value of 10p each) with voting rights. No ordinary shares were held in treasury.

Today 10:27 Nostrum Oil & Gas (NOG)
Transfer of Listing
https://www.investegate.co.uk/nostrum-o ... 27063911N/
further to the passing of a special resolution by its shareholders at the Company's general meeting held on 29 April 2022, the Company's listing category has been transferred from "Premium Listing (commercial company)" to "Standard Listing (shares)", as of 8:00 a.m. (BST) today.

Today 09:45 PJSC Tatneft (ATAD)
Statement regarding 1Q 2022 IFRS accounts
https://www.investegate.co.uk/pjsc-tatn ... 45593858N/
PJSC Tatneft informs about the decision not to prepare and not to publish IFRS interim consolidated financial statements of Tatneft Group for the 3 months ended 31 March 2022.

Today 08:38 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 38483724N/
On 27-May-2022, Bank of America Corporation reduced from 7.134% to 7.129%.

Today 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10013158N/
They bought back 254,362 shares at 199.45p = £507,325.01

Today 07:00 Baron Oil PLC (BOIL)
Final Results for the Year Ended 31 December 2021
https://www.investegate.co.uk/baron-oil ... 00043128N/
Loss after taxation attributable to shareholders was £1,127,000 (2020: £920,000 loss)
•Free cash balance at 31 December 2021 was £1,650,000 (31 December 2020: £1,190,000)

Today 07:00 Borders & Southern (BOR)
Final Results
https://www.investegate.co.uk/borders-- ... 00022921N/
The Company reports an operating loss for 2021 of $1.0 million (compared to $1.0 million in 2020). Administrative expense for the year was $1.1 million (compared to $1.0 million in 2020) The cash balance at year end was $0.714 million (2020: $2.18 million). The Company continues to be debt-free. Due to the declining cash balance the Company decided in late 2021 to raise additional funds. This was completed in April this year through a $600,000 Subscription for 34,702,000 new Ordinary Shares and an Open Offer for $1.2 million...
Our technical and commercial work recently has concentrated on investigating a range of Darwin development scenarios. This focus has been on reducing initial capital expenditure, delivering a fast payback on that capital, minimising the environmental footprint and, at the same time, ensuring the break-even oil price is below $40 a barrel.
As a result we have prioritised a phased development concept starting with around 25,000bpd of liquids production and using that cash flow to increase production after a few years. Initial production could come from 2 wells with a further well for gas re-injection. Our initial studies have concluded that this approach greatly reduces capital expenditure and results in a payback of that capital within two years.

Today 07:00 Tower Resources PLC (TRP)
Preliminary Results to 31 December 2021
https://www.investegate.co.uk/tower-res ... 00053148N/
Ooh, look at the neighbours.

Today 07:00 TomCo Energy PLC (TOM)
Greenfield Update
https://www.investegate.co.uk/tomco-ene ... 00043114N/
TomCo, via Greenfield, currently owns a 10% Membership Interest in Tar Sands Holdings II LLC (" TSHII") together with an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for certain additional cash consideration in the period up to 31 December 2022....Initial results from the drilling met with the Company's expectations. The results of this drill programme are currently being assessed and confirmed by Netherland, Sewell & Associates, Inc. ("NSAI"). NSAI will then provide an update to its initial TSHII reserves report, as announced by the Company on 13 January 2022, in the coming months.
[Looks like they're waiting for the reserves report in next few weeks before they can put a price on the TSII deal and then work out how to finance the acquisition and first few wells.]

Today 07:00 Union Jack Oil PLC (UJO)
Membership of United Kingdom Onshore Oil and Gas
https://www.investegate.co.uk/union-jac ... 00062891N/
the Company has been admitted as an Associate Member of United Kingdom Onshore Oil and Gas ("UKOOG").

Today 07:00 Serinus Energy PLC (SENX)
Director/PDMR Purchase of Shares
https://www.investegate.co.uk/serinus-e ... 00063634N/
Stuart Morrison, Chief Operating Officer of the Company, purchased on 30 May 2022 an aggregate of 75,675 Ordinary Shares in the Company at an average price of 12.95 pence per Ordinary Share.

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z2334/
€227m

Today 07:00 Caspian Sunrise plc (CASP)
Notice of AGM
https://www.investegate.co.uk/caspian-s ... 00061595N/
The meeting is scheduled for 11.00am on Thursday 30 June 2022 at the offices of Taylor Wessing, 5 New Street Square, London EC4A 3TW.

Yesterday 17:11 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 11462988N/
They bought back 8,500,000 shares at 432.875p = £36,794,372.00

Yesterday 16:51 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5148H6352/
They bought back 4,012,000 shares at £23.682 = £95,010,271

Yesterday 16:40 Cadogan Petroleum Plc (CAD)
Annual Financial Report and Notice of AGM
https://www.investegate.co.uk/cadogan-p ... 4037PD7B7/
The Annual General Meeting will be held on Friday 24thJune 2022 at 2.00pm at the offices of Shakespeare Martineau LLP, 60 Gracechurch Street, London, EC3V 0HR.

Yesterday 16:00 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 00012853N/
on 26 May 2022, conditional performance share awards (the "Awards") were made under the bp Executive Directors' Incentive Plan (the "Plan").

Yesterday 13:28 PJSC LukOil (LKOD)
Director/PDMR Shareholding
https://www.investegate.co.uk/pjsc-luko ... 28382735N/
VP Explo sells RUB21.2m

Yesterday 12:07 TotalEnergies SE (TTE)
TotalEnergies Welcomes the First 10 Start-Ups to its Electricity Start-Up Accelerator TotalEnergies On at STATION F in Paris
https://www.investegate.co.uk/totalener ... 0700Z2108/
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Xavier Niel, founder of STATION F, welcomed the first 10 start-ups to the accelerator program dedicated to electricity.
Power trading, EV charging, managing renewables etc

Yesterday 11:00 Seplat Energy PLC (SEPL)
Q1 2022 Interim Dividend Currency Exchange Rates
https://www.investegate.co.uk/seplat-en ... 00012450N/
confirms that the following currency exchange rates will be applicable in determining the Q1 2022 interim dividend

Yesterday 10:27 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 27322407N/
On 27/05/2022, Forum Energy Services Limited increased from 0% to 27.89%. [presumably minority shareholders of Saltfleetby. Random fact, the current Lord Lucan is a director of the main Saltfleetby company]

Yesterday 09:10 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 10012219N/
On 25-May-2022, Bank of America Corporation increased from 6.91% to 7.134%.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#504169

Postby Hallucigenia » June 1st, 2022, 10:04 am

Obviously the big news is the Tullow/Capricorn "merger" (but Tullow clearly in driving seat) - at long last ?!!! Feel a bit sorry for Wood being overshadowed by it, but finally getting their sale done and their balance sheet fixed is a big milestone for them, feels like they're suggesting they might go on the prowl now if their shareholders don't make too much noise about a divi...? Also Hurricane walk away from Warwick for being Too Complicated, IOG get Saturn Banks back online, EOG have a clear out of advisers.

Brent=$117.67(June)           WTI=$116.77(June,Brent-0.90)    Nymex gas=$8.39(June)   
NBP =163p(June,Nymex+12.14) TTF=€87.700(July,Nymex+19.18) JKM=$24.075(July,Nymex+15.68)

Today 09:17 Capricorn Energy PLC (CNE)
Share Repurchase Programme - Update
https://www.investegate.co.uk/capricorn ... 17325449N/
Capricorn has suspended its previously announced US$200 million share buyback programme other than in respect of the US$25 million tranche announced on 7 April 2022, which is being conducted by JP Morgan Securities PLC on a non-discretionary basis and will end no later than 6 July 2022.

Today 09:04 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 04445456N/
The number of ordinary shares held in treasury by BP p.l.c. is 1,033,423,029.

Today 09:00 Oilex Ltd (OEX)
Holding(s) in Company
https://www.investegate.co.uk/oilex-ltd ... 00355448N/
On 24/05/2022, Espen Thomassen increased from n/a to 3.193%.

Today 08:15 Touchstone Explrtn. (TXP)
DIRECTOR / PDMR SHAREHOLDING
https://www.investegate.co.uk/touchston ... 15345400N/
Director and Chair of the Board of Directors of the Company, purchased 200,000 common shares of the Company ("Common Shares") into a registered retirement savings plan ("RRSP") and concurrently sold 200,000 Common Shares from his personal holdings. Following the transactions there was no change to Mr. Wright's beneficial holding, and his interest in the Company remains at 5,010,348 Common Shares, representing approximately 2.4% of the Company

Today 08:12 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 12265398N/
On 30-May-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 13.49% to 12.173%.

Today 07:20 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 20044845N/
They bought back 247,495 shares at 199.92p = £494,792.00

Today 07:10 Tullow Oil PLC (TLW)
Tullow Oil to merge with Capricorn Energy
https://www.investegate.co.uk/tullow-oi ... 10285384N/
Woah -
· Merger of equals creating a leading African energy company with a material and diversified asset base and a portfolio of investment opportunities delivering visible production growth.
· Capricorn Shareholders to receive 3.8068 New Tullow Shares for each Capricorn Share held, with Capricorn Shareholders to own 47% and Tullow Shareholders to own 53% of the Combined Group on Completion.
· Delivers a Combined Group with robust cash generation and a resilient balance sheet, realising pre-tax net cash cost synergies of $50 million per annum.
The Combined Group will have a resilient balance sheet, with pro forma 2021A leverage of 1.5x and $1.8bn of liquidity. Expected leverage of <1x at year end 2022 with rapid future deleveraging anticipated.
· Stable, low-cost production delivering forecast cumulative pre-financing free cash flows of $2.4 billion over the 2022-2025 period at a flat nominal Brent price of $75/bbl.
Market unimpressed, both up about 2%

Today 07:00 Wood Group (John)PLC (WG.)
Sale of Built Environment consulting business
https://www.investegate.co.uk/wood-grou ... 00105328N/
it has signed an agreement for the sale of its Built Environment consulting business ('Built Environment Consulting') to WSP Global Inc. ('WSP') for gross proceeds of approximately $1.9 billion.
Net cash proceeds would result in a pro forma net cash position at 31 December 2021, compared to net debt/EBITDA of 3.3x as previously reported
●Divestment provides enhanced financial flexibility which will allow the Group to consider further options on the use of proceeds. These include measures to improve the future sustainable cash flow of the ongoing Group through the removal of certain liabilities, investment to accelerate our strategy and shareholder returns, for example through the restoration of an ordinary dividend

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00084779N/
On 31 May, following a PUK modification to one of the CSU's compressors, Saturn Banks production was duly restored at an initial level of approximately 30 mmscf/d. As previously indicated, modification of the second compressor is expected to take approximately one further week. This will then enable Saturn Banks production to be gradually restored to its prior stabilised levels of 55-65 mmscf/d over the following weeks.

Today 07:00 Hurricane Energy PLC (HUR)
Greater Warwick Area Update
https://www.investegate.co.uk/hurricane ... 00084778N/
Hurricane has determined that further appraisal and development costs to reach an economic development on the Warwick discovery within the remaining licence term is not feasible for the Company. Further to discussions with the Company's JV partner, Spirit Energy, the GWA JV has decided to relinquish the P2294 licence area. This is in addition to the previously announced decision to relinquish the Lincoln P1368(S) licence sub area.

Today 07:00 Mosman Oil & Gas (MSMN)
Corporate Presentation and Operations Update
https://www.investegate.co.uk/mosman-oi ... 00064361N/
it is presenting at the following conferences in June/July 2022.
- PESGB/SEAPEX - Asia Pacific E&P Conference in London on 29-30 June 2022
- Proactive One2One Investor Forum at The Chesterfield Hotel in Mayfair on 6 July 2022
Net Production attributable to Mosman for the three months ending 31 March 2022 was 11,756 boe.

Today 07:00 Jadestone Energy PLC (JSE)
2040 Net Zero target
https://www.investegate.co.uk/jadestone ... 00064418N/
is pleased to announce that it is committing to Net Zero Scope 1 and 2 greenhouse gas ("GHG") emissions from its operated assets by 2040.

Today 07:00 Oilex Ltd (OEX)
Placement - Issue of Securities
https://www.investegate.co.uk/oilex-ltd ... 00074594N/
Further to Oilex Ltd's (Oilex or the Company) announcement on 4 May 2022, advising of an equity fund raise of £2.5 million (A$4.4 million), before costs to fund the refraccing of the Cambay 77H well in India and the continued development of the Company's plans to undertake a drilling and testing appraisal program on the Cambay field, the Company is pleased to announce it has settled, as intended, £2.15 million (A$3.79 million) before costs, via the issue of 1,075,168,606 fully paid ordinary shares (Tranche 1Shares) at GBP 0.20 pence (AUD 0.35 cents) per share .

Today 07:00 Nostra Terra O&G Co (NTOG)
Exercise of Warrants and TVR
https://www.investegate.co.uk/nostra-te ... 00064524N/
Under the Block Listing announced 26 January 2021, the Company has today issued and allotted 19,000,000 new Ordinary Shares pursuant to the 25 September 2020 issue of Warrants.

Today 07:00 UK Oil & Gas PLC (UKOG)
Notice of AGM
https://www.investegate.co.uk/uk-oil--- ... 00114767N/
The AGM will be held on Tuesday 28th June 2022 at 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, United Kingdom.

Today 07:00 Europa Oil & Gas (EOG)
Appointment of Advisers
https://www.investegate.co.uk/europa-oi ... 00114807N/
is pleased to announce the appointment of new advisers to the Company with immediate effect, namely:
· Strand Hanson Limited, one of London's leading independent advisers, as its Nominated and Financial Adviser ("Nomad");
· Tennyson Securities, a specialist boutique energy, natural resources and technology broker with in-house sub-surface expertise and number one rated analyst, as its sole Broker; and,
· Vigo Consulting, as its communications adviser with extensive experience in the energy and natural resources sector.
Further to the Company's announcement of 28 April 2022 and Will Holland's appointment to the Board of Directors becoming effective today, the Board of Directors has agreed to issue options over a total of 3,721,000 ordinary shares of 1 penny each in the capital of the Company ("Share Options") to Will Holland

Today 07:00 Southern Energy Corp (SOUC)
TOTAL VOTING RIGHTS UPDATE
https://www.investegate.co.uk/southern- ... 00104821N/
As at May 31, 2022, Southern Energy had 86,434,983 Common Shares in issue.

Today 07:00 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 00063132N/
as at 31 May 2022, its capital consisted of 465,745,284 ordinary shares of £0.001 each, and each with voting rights. The Company does not hold any ordinary shares in treasury.

Today 07:00 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 00104826N/
as at today's date, the issued share capital is 125,812,956 ; the number of deferred shares are 303,305,534. [!!]

Yesterday 18:21 Capricorn Energy PLC (CNE)
Updated Total Voting Rights
https://www.investegate.co.uk/capricorn ... 21474726N/
For the purposes of the provisions of the Disclosure and Transparency Rules, the total number of shares in the capital of the Company as at 5p.m. on 31 May 2022 was as follows:
[Interesting timing for a TVR, I wonder if they have any news coming soon?]

Yesterday 18:21 TotalEnergies SE (TTE)
Capital increase reserved for employees of TotalEnergies in 2022
https://www.investegate.co.uk/totalener ... 2100Z4002/
49,189 employees in 101 countries, representing 42.3% of the eligible employees and former employees, subscribed to this capital increase for an amount of 337.8 million euros.
[about 10 days of buybacks...]

Yesterday 18:00 SDX Energy PLC (SDX)
CANCELLATION OF UNCLAIMED SHARES FROM 2019 PLAN
https://www.investegate.co.uk/sdx-energ ... 00044650N/
<1% of UK shares were not claimed after they redomiciled from Canada to UK in 2019, so have been cancelled.

Yesterday 18:00 Victoria Oil & Gas (VOG)
Notice of AGM
https://www.investegate.co.uk/victoria- ... 00254712N/
its Annual General Meeting ("AGM") will be held on 30 June 2022 at the offices of Armstrong Teasdale, 38-43 Lincoln's Inn Fields, London, WC2A 3PE at 11.00 a.m.

Yesterday 17:46 Shell plc (SHEL)
Voting Rights and Capital
https://www.investegate.co.uk/shell-plc ... 4615H6612/
Shell plc's capital as at May 31, 2022, consists of 7,438,410,556 ordinary shares of €0.07 each.

Yesterday 17:30 FTSE Russell ()
Nostrum Oil & Gas
https://www.investegate.co.uk/ftse-russ ... 30074174N/
Following the transfer of Nostrum Oil & Gas (UK, constituent) from a Premium to a Standard Listing, please see details of affected indexes and effective dates below:

Yesterday 17:24 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 24154639N/
They bought back 8,000,000 shares at 438.571p = £35,085,711.00

Yesterday 17:00 Baron Oil PLC (BOIL)
Total Voting Rights
https://www.investegate.co.uk/baron-oil ... 00032836N/
the issued share capital of the Company at the date of this announcement comprises 14,333,612,461 ordinary shares

Yesterday 16:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5349H6601/
They bought back 3,948,000 shares at £24.078 = £95,060,265

Yesterday 16:50 Providence Resources (PVR)
Notification of Interest in Share Capital
https://www.investegate.co.uk/providenc ... 50504573N/
M&G Plc, now holds 87,700,000 ordinary shares of €0.001 each in the capital of the Company representing 8.99% of the issued ordinary share capital.

Yesterday 16:29 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 29144531N/
the total number of shares in the capital of the Company as at 31 May 2022 was as follows:

Yesterday 15:42 Curzon Energy plc (CZN)
Result of AGM
https://www.investegate.co.uk/curzon-en ... 42364480N/
at the Annual General Meeting, held earlier today, all resolutions were duly passed on a show of hands.

Yesterday 15:00 Sound Energy PLC (SOU)
Total Voting Rights
https://www.investegate.co.uk/sound-ene ... 00054296N/
The above figure for total number of Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Yesterday 14:09 PJSC LukOil (LKOD)
Doc re. AGM Materials
https://www.investegate.co.uk/pjsc-luko ... 09374343N/
1. Materials that are made available for those entitled to participate in the Annual General Shareholders Meeting of PJSC "LUKOIL" (the " AGM ") to be held on 21 June 2022
2. Materials that are made available for those entitled to participate in the Repeat Annual General Shareholders Meeting of PJSC "LUKOIL" (the " Repeat AGM )" to be held on 23 June 2022
The Repeat AGM will be held if the AGM does not take place due to the absence of quorum.

Yesterday 13:57 PJSC LukOil (LKOD)
Result of EGM
https://www.investegate.co.uk/pjsc-luko ... 57594339N/
The Company's shareholders resolved to terminate yearly the powers of the President of PJSC "LUKOIL" V. Y. Alekperov and approved the appointment of V. N. Vorobyev as the President of PJSC "LUKOIL".

Yesterday 13:39 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 39064334N/
the Company provides the following information relating to voting rights as at 31 May 2022

Yesterday 13:22 Mosman Oil & Gas (MSMN)
Director Dealing
https://www.investegate.co.uk/mosman-oi ... 22064308N/
On 31 May 2022 Mr John Barr, the Company's Executive Chairman, transferred 10,000,000 Ordinary Shares from Kensington Advisory Services Pty Ltd to Kensington Consulting Pty Ltd which acts as trustee of the Barr Superfund, at a price of AUD14,160 (approximately £8,000).

Yesterday 13:19 DCC PLC (DCC)
Total Voting Rights
https://www.investegate.co.uk/dcc-plc-- ... 19434313N/
DCC plc's total number of Ordinary Shares with voting rights is 98,691,846. The total issued share capital is 101,333,904 Ordinary Shares of €0.25 each, of which 2,642,058 are held as Treasury Shares and therefore do not carry voting rights.

Yesterday 13:10 Pantheon Resources (PANR)
Total Voting Rights
https://www.investegate.co.uk/pantheon- ... 10044298N/
the total issued share capital of the Company comprised 764,880,988 ordinary shares of 0.1 pence each ("Ordinary Shares") with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.

Yesterday 12:32 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 32414248N/
On 30-May-2022, Cantor Fitzgerald Europe reduced from 10.924% to 9.607%.

Yesterday 12:21 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 21404223N/
On 30-May-2022, Rath Dhu Limited (Les Banques Guernsey) increased from 0% to 3.164%.

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#504344

Postby Hallucigenia » June 1st, 2022, 11:51 pm

To get them out of the way, here's the rest of today's announcements - mostly just AGM stuff. Bonus points to Echo for holding theirs at noon, minus points to Rockhopper for doing it in Salisbury, albeit in a suitably cheap cricket club. Perhaps the most interesting one is the Saltfleetby minority holder immediately cashing in 4% of Angus, which suggests he needed some cash urgently.

Brent=$115.9(June)              WTI=$114.85(June,Brent-1.05)    Nymex gas=$8.76(June)   
NBP =153.98p(June,Nymex+10.46) TTF=€85.551(July,Nymex+17.96) JKM=$24.015(July,Nymex+15.26)

Today 17:27 Gulf Keystone Petrol (GKP)
TR-1
https://www.investegate.co.uk/gulf-keys ... 27096456N/
On 31-May-2022, BlackRock, Inc. increased from "Below %" (sic) to 5.08%.

Today 17:21 Touchstone Explrtn. (TXP)
SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES
https://www.investegate.co.uk/touchston ... 21176427N/
Purchase of common shares by the Trustee of the Employee Share Purchase Plan

Today 17:10 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1036H6862/
They bought back 4,000,000 shares at £23.733 = £94,932,900

Today 17:08 Echo Energy PLC (ECHO)
Notice of Annual General Meeting
https://www.investegate.co.uk/echo-ener ... 08206416N/
The AGM is to be held at the offices of Link Group, 6th Floor, 65 Gresham Street, London EC2V 7NQ on 27 June 2022 at noon.
[civilised doing it at noon, gives more distant holders a chance to get there]

Today 17:06 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 06406425N/
They bought back 7,989,984 shares at 434.071p = £34,682,210.44

Today 16:57 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 57436387N/
On 31-May-2022, Schroders Plc increased from 4.906% to 5.366%.

Today 16:55 Nostrum Oil & Gas (NOG)
TR-1: Notification of major holdings
https://www.investegate.co.uk/nostrum-o ... 55016352N/
On 23-May-2022, Tengri Partners (Kazakhstan) LLP increased from 0% to 8.56%.

Today 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35196357N/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's jumped +28.7% with a spike to +36%.

Today 16:35 Nostra Terra O&G Co (NTOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostra-te ... 35246358N/
https://uk.finance.yahoo.com/quote/NTOG.L/chart
On the day it's dropped -12.8% having touched -19%. Over the last 2 weeks it's down -15.9%.

Today 15:41 Aminex PLC (AEX)
Total Voting Rights
https://www.investegate.co.uk/aminex-pl ... 41176287N/
As at 1 June 2022, the Company's issued share capital consists of 4,211,167,024 Ordinary Shares of €0.001 each with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 4,211,167,024.

Today 15:28 IOG PLC (IOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/iog-plc-- ... 28276273N/
Following this purchase, Andrew Hockey will hold 920,729 Ordinary Shares, representing approximately 0.18% per cent. of the Company's voting rights. Further information is set out in the PDMR disclosure table below. 1

Today 15:00 Chariot Limited (CHAR)
Block Admission Return
https://www.investegate.co.uk/chariot-l ... 00005522N/
Long Term Incentive Share Scheme

Today 15:00 Rockhopper Exp plc (RKH)
Posting of Annual Report & Notice of AGM
https://www.investegate.co.uk/rockhoppe ... 00005957N/
The AGM is scheduled to be held at 10.00am on Tuesday, 28 June 2022 at The Clubhouse, Skew Bridge, Wilton Road, Salisbury, Wiltshire SP2 9NY. It is intended that Rockhopper's management will give a short presentation at the meeting to update shareholders on progress.
[Cricket club in Salisbury - cheap I guess, if not terribly convenient for most people]

Today 14:30 Seplat Energy PLC (SEPL)
2022 Share Awards granted under the 2014 LTIP
https://www.investegate.co.uk/seplat-en ... 30016120N/
The following awards ("LTIP Awards") over ordinary shares of 0.5 Naira each ("Shares") of Seplat were granted under the LTIP to Executive Directors of the Company on 30 May 2022 (the "Award Date") as set out below using the average share price over the 5-day period prior to the date of grant. For the avoidance of doubt, as referenced in the 14 March 2022 RNS announcement, the LTIP awards are granted in respect of the 2022 financial year.

Today 14:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00366068N/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's jumped +11.8% with a spike to +23%. Over the last 2 weeks it's been in the usual range.

Today 12:40 United Oil & Gas PLC (UOG)
Result of AGM and Directorate Changes
https://www.investegate.co.uk/united-oi ... 40365922N/
at the Company's Annual General Meeting ("AGM") held earlier today all resolutions were duly passed.

Today 12:12 Trinity Exploration (TRIN)
Notice of AGM, Annual Report & Accounts
https://www.investegate.co.uk/trinity-e ... 12445868N/
The AGM is to be held on Wednesday, 29 June 2022 at 10:00 a.m. at the offices of Pinsent Masons LLP, 30 Crown Place, Earl Street, London, EC2A 4ES

Today 11:28 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 28275781N/
On 01-Jun-2022, River and Mercantile Asset Management LLP increased from 0% to 10.021%.

Today 11:08 Angus Energy PLC (ANGS)
Holding in Company and Completion of Acquisition
https://www.investegate.co.uk/angus-ene ... 08325731N/
Further to RNS of 24 May, Forum Energy Services Limited ("Forum") was granted 91 million Initial Consideration Shares representing approximately 4% of the Company's fully enlarged share capital resulting from the series of transactions undertaken to acquire Saltfleetby Energy Limited. These shares were specifically not subject to any lock-up provisions and were disposed of by Forum as part of a vendor acquisition placing arranged by the Company's brokers as recorded in this TR-1, reproduced without amendment below.
The Company notes that all other shares issued or to be issued (subject to shareholder approval at General Meeting on 13 June) are either subject to lock-up provisions detailed in that RNS or are, the Company understands, intended to form part of a 21% strategic stake taken by an investor group led by Aleph International Holdings (UK) Limited ("Aleph").
The Company also confirms that following admission of the Forum consideration shares on 27 May 2022 the acquisition of SEL completed, thereby giving Angus a 100% interest in the Saltfleetby Licence.
On 31/05/2022, Forum Energy Services Limited reduced from 27.89% to 23.91%.
[hmm - rather supports the idea that Angus got a good deal from a forced seller, who needed to turn an illiquid asset into some ready cash quickly?]

Today 11:00 Harbour Energy PLC (HBR)
Total Voting Rights
https://www.investegate.co.uk/harbour-e ... 00025545N/
As at 31 May 2022, the Company's issued share capital consisted of 925,533,663 Ordinary Shares of 0.002 pence with voting rights. Harbour does not hold any shares in Treasury.

Today 10:34 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 34255626N/
Andrey Akimov sells RUB2.1m

Today 10:29 Serica Energy PLC (SQZ)
TR-1: Notification of major holdings
https://www.investegate.co.uk/serica-en ... 29245604N/
On 27/05/2022, AXA Investment Managers S.A. reduced from 5.03% to 4.81%.

Today 10:06 Reabold Resources (RBD)
Notice of Annual General Meeting
https://www.investegate.co.uk/reabold-r ... 06235568N/
The AGM is to be held at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW at 10.30 a.m. BST on 29 June 2022.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#505247

Postby Hallucigenia » June 6th, 2022, 11:14 am

Clontarf and Longboat shareholders have no confidence after their dusters, whilst OGDC and Vaalco are jubilant at their discoveries.

Just nice to have some proper meaty news rather than AGM announcements TBH. Jadestone talking up their cashflow and returns to shareholders whilst being more discrete about the headline loss, Ashtead's maiden results as a listed company are decent as expected. Serica playing down the effects of the windfall tax amid bumper profits (set to continue with Brent now over $120 and NBP still daft), interesting that Caspian Sunrise say Kaz are planning to rebrand their share of Urals.

Brent=$120.45(June)              WTI=$119.53(June,Brent-0.92)    Nymex gas=$8.85(June)   
NBP =158.58p(June,Nymex+11.07) TTF=€84.350(July,Nymex+17.71) JKM=$24.015(July,Nymex+15.17)

Today 10:36 Block Energy PLC (BLOE)
Issue of Options and Shares and PDMR Dealing
https://www.investegate.co.uk/block-ene ... 36248321N/
on 1 June 2022, it issued nil-cost options over a total of 1,851,809 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 and subsequent agreements with the employees, consultants and non-executive directors for fees to be paid in nil-cost options in lieu of cash payment.

Today 09:52 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 52358215N/
On 01/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 17.02% to 16.82%.

Today 08:59 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 59428174N/
On 01-Jun-2022, Massachusetts Financial Services Company reduced from 7.57% to 3.62%.

Today 08:56 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 56388167N/
On 01-Jun-2022, Bank of America Corporation increased from 7.129% to 7.471%.

Today 07:32 Woodside Energy Ltd. (WDS)
Admission to trading on the London Stock Exchange
https://www.investegate.co.uk/woodside- ... 32378003N/
The entire issued share capital of Woodside Energy Group Ltd (Woodside) has today been admitted to the Standard Segment of the Official List of the FCA and to trading on the Main Market for listed securities of the LSE under the ticker "WDS".
This follows completion of the merger transaction between Woodside and BHP Group Limited's petroleum business, announced on 1 June 2022.

Today 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10137874N/
They bought back 186,389 shares at 201.83p = £376,188.92

Today 07:02 Savannah Energy Plc (SAVE)
New Gas Sales Agreement with TransAfam Power Ltd
https://www.investegate.co.uk/savannah- ... 02367046N/
the Company's 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement ("GSA") with TransAfam Power Limited ("TAPL") in relation to the provision of gas for use at its power plants in Rivers State, Nigeria....to supply up to 35 MMscfpd of gas on an interruptible basis for an initial term of three months, with the option to extend for a mutually agreed period.

Today 07:02 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 0200P2D57/
Chairman buys £49k

Today 07:01 Jadestone Energy PLC (JSE)
Annual Report and Sustainability Report
https://www.investegate.co.uk/jadestone ... 01066985N/
its annual report for the year ended 31 December 2021 ("Annual Report") has been published on the Company's website

Today 07:00 Jadestone Energy PLC (JSE)
2021 Full Year Results and Recommended Dividend
https://www.investegate.co.uk/jadestone ... 00106984N/
reports today its audited consolidated financial statements (the "Financial Statements"), as at and for the financial year ended 31 December 2021, and announces a recommended final dividend of USȼ1.34 per share...
Our decision to remain unhedged has resulted in direct exposure to increasing oil prices and premiums...
Our year-end 2021 cash position of c.US$118 million has continued to grow in the first half of 2022, with pro-forma cash balances of US$180 million at end-May 2022, which includes the proceeds for barrels lifted in May but not yet received. This cash position, and our forecast cash generation, places us in a strong position to execute our 2022 capital programme, take advantage of any high-quality additional M&A opportunities that we identify, and also to significantly increase shareholder returns. We are recommending a final dividend of US$6.25 million, a 25% increase on the second 2020 dividend, and we intend to return up to US$100 million of cash to shareholders over the next 12 months. This will be in the form of higher ordinary dividends, share buybacks and/or tender offers, starting with the recommended final 2021 dividend starting today....
we have taken final investment decision on the Akatara gas field development onshore Indonesia, following necessary approvals by the Indonesian upstream regulator, with first gas on track for H1 2024...
Production in the first five months of 2022 has been impacted by the previously announced unplanned compressor outage at Montara and a temporary shut-in of the non-operated assets in Malaysia due to class recertification issues with the leased FPSO. As a result, production in the first part of this year has averaged c. 15,700 boe/d, although in May we have seen production rates return closer to 17,000 boe/d. We therefore still expect 2022 average production to be within the 15,500 - 18,500 boe/d guidance range
2021 - production 12,545boepd (+9.7%) thanks to 2.5kbpd from PenMal acquisition, sales +56%, lift cost $26.22/boe (+14%), production costs $206.5m ($105.3m), loss $13.7m (last year $60.2m including a $50.5m SC56 impairment )
Production guidance of 15,500-18,500 boe/d maintained, which excludes any contribution from the pending Maari acquisition. The outcome will be determined by work to address current gas handling constraints at Montara, the timing of return of the Malaysia non-operated assets which have been offline since earlier this year, and the impact of the Stag infill programme in the second half of the year;
2022 guidance for unit operating costs (US$23.00 - 28.00/boe) and capital expenditures (US$90.0 - 105.0 million) maintained;
Further inorganic growth opportunities in the Asia-Pacific region under active evaluation;
[down 4%]

Today 07:00 Ashtead Tech Hldgs (AT.)
Full-year Results 2021
https://www.investegate.co.uk/ashtead-t ... 00097055N/
·Group revenue up by 32% to £55.8m (2020: £42.4m), driven by increased demand in both offshore renewables and offshore oil and gas markets
o Revenues from oil and gas of £37.3m, up 23% on the previous year (2020: £30.3m), reflecting industry-wide recovery following pandemic-driven downturn in global energy activity in 2020
o Strong growth in offshore renewables revenues up over 50% at £18.5m (2020: £12.1m) now representing 33% of Group revenue (2020: 29%), with the Group targeting revenue from the offshore renewables market of at least 50% in the medium term
· Net debt reduced to £22.7m as at 31 December 2021, with net debt / Adjusted EBITDA 1.0x, following £15m primary capital raise as part of successful IPO in November 2021
· The Group's trading in the first four months of 2022 has been strong, benefiting from positive utilisation and pricing trends, and as a result, the Board has modestly raised its profit expectations for the full year 2022
[up 13%]

Today 07:00 Clontarf Energy PLC (CLON)
Sasanof-1 well final result
https://www.investegate.co.uk/clontarf- ... 00117808N/
· The Sasanof-1 exploration well has been drilled to a total depth of 2,390 metres (RMDT) by the Valaris MS-1 rig, without incident.
· No commercial hydrocarbons were intersected.
[down 70%]

Today 07:00 Clontarf Energy PLC (CLON)
Result of General Meeting
https://www.investegate.co.uk/clontarf- ... 00086754N/
At the Clontarf Energy General Meeting, held on 2 June 2022 at Canal Court Hotel , Merchants Quay, Newry BT35 8HF at 11.00 am , all the resolutions as set out in the circular to Shareholders dated 10 May 2022 and which were put to the meeting were duly passed.

Today 07:00 Longboat Energy PLC (LBE)
Cambozola Well Result
https://www.investegate.co.uk/longboat- ... 00096883N/
the Cambozola exploration well in licence PL1049 offshore Norway (Company 25%) was dry and will now be plugged and abandoned....
we look forward to continuing our fully-funded, gas-focused exploration programme with the large Oswig and Copernicus wells both anticipated to spud during the summer.

Today 07:00 Oil and Gas Devt Co (OGDC)
Material Information
https://www.investegate.co.uk/oil-and-g ... 00046591N/
gas/condensate have been discovered at Bannu West-1 ST-1 exploration well drilled in Bannu West Block, located in North Waziristan, KP. MPCL is the operator of Bannu West Block having 55% working interest along with Oil and Gas Development Company Limited (OGDCL) and Zaver Petroleum Corporation (Pvt) Limited (ZPCL) as joint venture partners having 35% and 10% working interest, respectively....Lockhart Limestone formation flowed gas at the rate of around 25 MMSCFD with wellhead Flow Pressure (WHFP) of 4,339 Psi and around 300 BPD condensate at 32/64 inch choke size (Pre-acid).

Today 07:00 Vaalco Energy Inc (EGY)
SOUTH TCHIBALA 1HB-ST WELL
https://www.investegate.co.uk/vaalco-en ... 00096887N/
today announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon...
· Discovered significant columns of multiple hydrocarbon bearing sands in the Dentale;
o Completing the Dentale D1 sand (18 meters net hydrocarbons) interval, which is analogous to the Deep Dentale producing field in North Tchibala with similar porosity and permeability.
o Additional cased Dentale D9 (15 meters net hydrocarbons) interval can be tested and completed in the future.
o Penetrated a thin section of the Gamba sand that is not economically viable to complete in this wellbore.
· Adds new reserves that were previously not captured in VAALCO's 2P reserves, upon successful completion and first production, these reserves will be additive to VAALCO's 1P reserves.
· Potentially adds new future drilling locations in the Deep Dentale trend across the Etame block; and
· Currently completing the South Tchibala 1HB-ST well with initial production expected in June.

Today 07:00 Serica Energy PLC (SQZ)
Corporate Update
https://www.investegate.co.uk/serica-en ... 00117810N/
Operational performance in May 2022 continued to be strong and Serica's net production for the month averaged in excess of 28,000 boe/d with average net production YTD in excess of 26,000 boe/d...
our financial position is strong, and we continue to grow our cash balances. At the end of May, cash and deposits had risen to £246 million with a further £150 million lodged as security giving a combined total of £396 million. ..
planning for the high impact North Eigg exploration well is at an advanced stage. The well is scheduled to be spudded early in Q3 2022. It is being drilled 100% by Serica and is targeting over 60 million boe of P50 unrisked recoverable prospective resources. The results are expected to be available by early October...
The Board notes the significant fall in the Company's share price in the run up to and particularly following the UK Government's announcement on 26 May 2022 of an Energy Profits Levy. The Levy is applicable to profits arising on or after 26 May and so Serica's profit prior to that date is unaffected....Serica already has an ongoing investment programme including the LWIV campaign and the North Eigg exploration well in 2022. Based on our current understanding of the Levy, this programme will qualify to benefit from these incentives with each £1 invested by Serica offering an overall tax saving of up to 91.25 pence. Our planned 2022 expenditure on the North Eigg well and the LWIV campaign is around £60 million which we expect to be eligible towards this tax saving. This will offset a large element of the Energy Profits Levy that would otherwise be payable on Serica's profits this year.
[up 10%]

Today 07:00 Coro Energy PLC (CORO)
Recommencement of Sillaro Production and Update
https://www.investegate.co.uk/coro-ener ... 00096854N/
Following the recent temporary suspension, production at the Sillaro field has now successfully recommenced. Changes to the operation of the gas processing facility including the gas stripping rate for glycol regeneration, have seen significant improvements relating to the moisture in the sales gas bringing it well within the specifications required by the pipeline operator...
All slick line operations are now complete and Rapagnano and Casa Tiberi (where the sediment obstructing the flow has been removed from the well) are both back in production.

Today 07:00 Oilex Ltd (OEX)
Cambay Production and Operations Update
https://www.investegate.co.uk/oilex-ltd ... 00086674N/
Production for the month of May on the Company's Cambay field (WI 100%), averaged 0.24 mmscfd gas production and 18.5 BPD condensate production...Currently, the workover rig is scheduled to be mobilised mid-June 2022 in order to prepare the C-77H well for fraccing operations, scheduled for mid-July 2022.

Today 07:00 Caspian Sunrise plc (CASP)
Operational and impact of Russian sanctions update
https://www.investegate.co.uk/caspian-s ... 00096858N/
PLC ("Caspian Sunrise" or the "Company") is pleased to report the spudding of Deep Well 802 and to provide its assessment of the ongoing impact of Russian sanctions...The well has an Total Depth of 5,200 meters targeting oil in the easier to drill Sandstone rather Carboniferous rock, with an initial target at 4,300 meters, and with drilling expected to take 4 months....The well is being drilled close the site of a Soviet era blowout and our advisers have provided us with the highest estimate of success for any of our BNG deep wells drilled to date....
Our oil is Kazakh oil not Russian oil, even though at present they are both termed Urals Oil....We expect the Kazakh government shortly to rename the oil produced in Kazakhstan to differentiate it from oil produced in Russia....To date there we have had no problems in accessing the Russian pipeline network to deliver our international oil and we do not believe there will be any issues in this respect no matter how long sanctions continue. Whatever happens we do not see these pipelines being closed. Our oil enters the Kazakh pipeline network close to BNG and typically emerges at a Russian port on the Baltic Sea...The main impact to date has been the discount at which our oil, termed Urals Oil trades in the market. Recently the discount to Brent has been $30-35 per barrel, which represents a significant loss in revenue.

Today 07:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0011EIHTD/
all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during February 2022....Genel is now owed $82 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 Canadian O'Seas Petr (COPL)
Court Approves Purchase of Cuda Wyoming Assets
https://www.investegate.co.uk/canadian- ... 00096836N/
is pleased to announce that its affiliate COPL America Inc's purchase of the Wyoming assets of Cuda Energy LLC was approved by the United States Bankruptcy Court for the District of Wyoming on Friday June 3rd , 2022....Closing of the acquisition of the assets of Cuda Energy LLC by COPL America Inc, is anticipated to occur sometime between June 18 and July 18, 2022.

Today 07:00 Prospex Energy PLC (PXEN)
Po Valley: Production Concession Approval Update
https://www.investegate.co.uk/prospex-e ... 00117805N/
Po Valley Energy Limited (ASX:PVE) ('Po Valley' or the 'Operator') has received the penultimate approval for production at the Podere Maiar gas field located in onshore northern Italy, which lies within the Selva Malvezzi Production Concession ('Selva'). Prospex holds a 37% working interest in the Podere Gallina Exploration Permit with the Operator holding the remaining 63%....· The Company expects first gas from Podere Maiar in the first half of 2023, subject to final approval

Today 07:00 Energean PLC (ENOG)
Karish Update - FPSO Arrival In Israel
https://www.investegate.co.uk/energean- ... 00096885N/
is pleased to announce that the Energean Power FPSO has arrived on location in Israel....Energean expects approximately three - four months of commissioning before first gas, which remains on track for Q3 this year.

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
ROMGAZ New Production Capacities
https://www.investegate.co.uk/s.n.g.n.- ... 00056718N/
Today, June 2, 2022, Cosereni Gas Dehydration Plant has been put into operation, an investment of approximately RON 31 million, which is currently treating 230 thousand m3/day natural gas, a production obtained by putting three new wells into production. By the end of Q1 2023, on a step-by-step basis, other new wells will be put into production increasing the dehydration plant's utilization degree of approximately 800 thousand m3/day.

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Convening notice of OGMS on July 8 (11), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 00076800N/
Convening of the Ordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. on July 8 (11), 2022, 1:00 PM (Romania time)

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00116809N/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Diversified Energy (DEC)
Vesting of RSU and PDMR Dealing
https://www.investegate.co.uk/diversifi ... 00096845N/
the vesting of 250,000 Restricted Stock Units ("RSUs") previously issued under the Company's equity incentive plan to Jim Rode, Executive Vice President and Chief Commercial Officer. Accordingly, Diversified has issued and allotted an aggregate of 189,125 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).

Today 07:00 Tower Resources PLC (TRP)
Posting of Annual Report and Notice of Meeting
https://www.investegate.co.uk/tower-res ... 00075876N/
The Company's AGM will be held at 13:30 on 30 June 2022 at the Royal Society of Arts, 8 John Adam Street, London WC2N 6EZ.

Today 07:00 Arrow Exploration (AXL)
Arrow Announces Exercise of Company Warrants
https://www.investegate.co.uk/arrow-exp ... 00096880N/
pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 462,500 new Common Shares of no par value ("Common Shares").

Today 07:00 Borders & Southern (BOR)
Posting of Annual Report & Notice of AGM
https://www.investegate.co.uk/borders-- ... 00116852N/
The Annual General Meeting will be held on 30 June 2022 at 1:30 p.m at Wedlake Bell LLP, 71 Queen Victoria Street, London EC4V 4AY.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#505525

Postby Hallucigenia » June 7th, 2022, 10:07 am

Looks like a fun fight is brewing between Predator and Challenger, even if CEG have yet to acknowledge the lawsuit. Mad that Zephyr are dedicating a gas well to cryptomining. Upland manage to get their delayed accounts signed off, but Tunisia looks a mess and I suspect there won't be much for shareholders once their suspension is lifted.

Brent=$119.84(June)          WTI=$118.93(June,Brent-0.91)    Nymex gas=$9.41(June)   
NBP =140p(June,Nymex+8.08) TTF=€79.995(July,Nymex+15.63) JKM=$23.355(July,Nymex+13.95)

Today 09:11 S.N.G.N. Romgaz S.A. (SNGR)
Manager's Transactions June 7, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 11579726N/
?E&P director? sells 1047

Today 08:37 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 37369682N/
On 01-Jun-2022, Kite Lake Capital Management (UK) LLP increased from 0% to 4.23% as a CFD

Today 07:13 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 13109625N/
They bought back 139,456 shares at 205.91p = £287,153.85

Today 07:00 Predator O&G Hldgs (PRD)
Trinidad Update - FRAM Loan
https://www.investegate.co.uk/predator- ... 00069069N/
the following update on the Company's position with regard to the [£591,065] loan receivable (the "FRAM Loan") from FRAM Exploration Trinidad Ltd. ("FRAM"), a wholly owned subsidiary of Challenger Energy Group Plc ("Challenger"), in respect of the Inniss-Trinity CO2 EOR Project (the "CO2 EOR Project"). The CO2 EOR Project was prematurely and unilaterally terminated by Challenger on 1 August 2021....
, the Company has failed to receive from either FRAM or Challenger any firm proposals to allow an amicable settlement to be reached. Regretfully therefore the Company has decided to initiate a litigation process... The Company is seeking full repayment of its project costs (the "Project Costs") invested in the CO2 EOR Project under the terms of the WPA, which remains in place.... The Company is seeking substantial consequential losses from Challenger
[down 13%, CEG down 10%]

Today 07:00 Challenger Energy (CEG)
Trinidad 2H 2022 Work Program Update
https://www.investegate.co.uk/challenge ... 00058843N/
The Company's focus in regards to its operations in Trinidad and Tobago is to deliver near-term production growth, sufficient to both offset natural reservoir decline and to reach approximately 550-600 bopd average production rate by the end of 2022. This outcome would enable the Company as a whole to operate on a cashflow positive basis (assuming prevailing oil prices). [no mention of the lawsuit]

Today 07:00 Zephyr Energy PLC (ZPHR)
Paradox Project Update
https://www.investegate.co.uk/zephyr-en ... 00079102N/
the Board has elected to recommence production from the State 16-2LN-CC well in conjunction with the completion of a Zephyr owned crypto-currency mining facility now under development.
o Liquid volumes produced from the well will be trucked and sold to refineries in Utah, and produced gas volumes will be sold to fuel onsite power generators which in turn will provide electricity for the co-located crypto-mining facility.
· The Company plans to fund the initial investment required to launch the initial 1 megawatt ("MW") crypto-mining facility (capital expenditure forecast to be less than US$2 million) from existing cash resources or via third party investment, with facility capital payback expected in under two years at current crypto-currency prices.

Today 07:00 Bowleven plc (BLVN)
Change of Partner and Operator at Etinde Licence
https://www.investegate.co.uk/bowleven- ... 00069077N/
it has been informed by New Age (African Global Energy) Limited ('New Age'), the operator of the Etinde JV, that New Age has signed a definitive conditional agreement with a subsidiary of Perenco S.A. ('Perenco') to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV, to Perenco...The prospect of Perenco becoming our partner and operator at the Etinde permit is very positive news. We believe that Perenco's proven Cameroon oil and gas developments and substantial experience provide an opportunity to accelerate our efforts to secure FID and the associated USD25m payment to Bowleven.

Today 07:00 Energean PLC (ENOG)
Energean Israel 1Q 2022 Management Accounts
https://www.investegate.co.uk/energean- ... 00059010N/
Energean Israel Limited lost $1.5m in Q1

Today 07:00 i3 Energy PLC (I3E)
Publication of 2021 ESG Report
https://www.investegate.co.uk/i3-energy ... 00058504N/
Current efforts are focussed on methane emission reduction - deactivation or replacement of hi-bleed pneumatic controllers with low bleed or instrument air (entire inventory of 389 controllers from legacy Gain Energy and Toscana Energy assets now replaced); replacement of pneumatic pumps with solar powered electric pumps; other fugitive emissions reduction; and emissions inventory monitoring - these efforts have reduced methane emissions by 28,101 tCO2e3 in 2021, equivalent to 34% of total 2020 GHG emissions.

Today 07:00 PetroTal Corp. (PTAL)
Exercise of Performance and Investor Warrants
https://www.investegate.co.uk/petrotal- ... 00089596N/
it received a notice to exercise 567,500 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$106,065.75 in respect of the Warrants exercised. Also, the Company have received a notice to exercise 1,500,000 Investor Warrants at a price of 16 pence per Common Share from an investor in relation to the Investor Warrants issued on June 12, 2020. The Company received 240,000 GBP for the Warrants exercised.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Granting of stock options
https://www.investegate.co.uk/falcon-oi ... 0000H7564/
on 6 June 2022 it granted incentive stock options (“Options”) to purchase an aggregate of 16,250,000 common shares of Falcon to directors and officers under the stock option plan approved at Falcon’s annual shareholders meeting held on 12 November 2021.

Today 07:00 Savannah Energy Plc (SAVE)
2021 Full Year Results and Retail Investor Webinar
https://www.investegate.co.uk/savannah- ... 00089611N/
will be publishing its Full Year 2021 Results post-market close today, following which the Company will host a Retail Investor Webinar at 18:00 (BST). CEO Andrew Knott will be presenting, as well as hosting a Q&A.

Today 07:00 Jadestone Energy PLC (JSE)
Notice of AGM
https://www.investegate.co.uk/jadestone ... 00089125N/
the Company will hold its Annual General Meeting on 30 June 2022 at 9:00 BST at the offices of Stifel Nicolaus Europe Limited, 150 Cheapside, Fourth Floor, London, EC2V 6ET.

Today 07:00 Empyrean Energy PLC (EME)
Change of Registered Office Address
https://www.investegate.co.uk/empyrean- ... 00089609N/
Registered Office Address has changed to the following, effective immediately:
2nd Floor, 38 - 43 Lincoln's Inn Fields, London WC2A 3PE

Yesterday 17:34 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 34248998N/
They bought back 8,000,000 shares at 441.809p = £35,344,720.00

Yesterday 17:08 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0801H7546/
They bought back 4,000,000 shares at £24.073 = £96,293,350

Yesterday 14:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00588662N/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's jumped +13.3% with a spike to +20%. Over the last 2 weeks it's been in the usual range.

Yesterday 13:30 Upland Resources Ltd (UPL)
FY 2021 Results
https://www.investegate.co.uk/upland-re ... 30048590N/
A copy of the 2021 Report will be posted to shareholders and will be available to view at the following link: http://www.rns-pdf.londonstockexchange. ... 22-6-6.pdf
The Company also wishes to advise that it has published its interim results for the 6-month period ending 31 December 2021 a copy of which will be available to view at the following link http://www.rns-pdf.londonstockexchange. ... 22-6-6.pdf
The Company will now immediately apply to the Financial Conduct Authority ("the FCA") for full restoration of trading and lifting of the temporary suspension which was put in place on 04/01/2022 at the request of the Company.
Upland made a pre-tax loss of £269,594 for the six months to 31 December 2021, compared to a £367,687 loss for the comparable six months to 31 December 2020.
[They were suspended as they couldn't get going concern sign-off over doubts about the liabilities on their Tunisian licence, which they've now fixed by farming out most of it, and they seem to be flagging a possible lawsuit from the Tunisian government for breach of contract]

Yesterday 13:24 SDX Energy PLC (SDX)
Securities in issue pursuant to Rule 2.9
https://www.investegate.co.uk/sdx-energ ... 24418631N/
at the close of business on 1 June 2022, SDX's issued share capital consisted of 204,563,045 ordinary shares of one pence each.

Yesterday 12:30 BP PLC (BP.)
Director Declaration
https://www.investegate.co.uk/bp-plc--b ... 30068498N/
Karen Richardson, non-executive director of BP p.l.c., retired as a director of the US-quoted company Exponent, Inc effective June 2, 2022,

Yesterday 12:00 Rockhopper Exp plc (RKH)
Annual Report and 2022 Annual General Meeting
https://www.investegate.co.uk/rockhoppe ... 00308489N/
the Annual Report and Accounts for the year ended 31 December 2021 together with documentation for the 2022 Annual General Meeting will be available on the Company's website from midday today.

Yesterday 11:52 Prospex Energy PLC (PXEN)
Holding(s) in Company
https://www.investegate.co.uk/prospex-e ... 52098481N/
On 30/05/2022, Aidan O'Hara holding via Jarvis Nominees increased from 6.89% to 7.00%.

Hallucigenia
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Re: Hal's oily roundup

#505692

Postby Hallucigenia » June 8th, 2022, 8:11 am

Challenger tell Predator "Bring it on", someone obviously told Savannah that releasing results after 6pm is sub-optimal so they repeated them this morning, someone needs to tell Gran Tierra the same thing... Winning Loxley permission on appeal is obviously big news for UKOG, and the market loved Bowleven's announcement yesterday of Perenco taking over the partner's share of Etinde.

Brent=$120.94(June)           WTI=$119.93(June,Brent-1.01)    Nymex gas=$9.34(June)   
NBP =136.29p(June,Nymex+7.80) TTF=€80.275(July,Nymex+15.82) JKM=$22.870(July,Nymex+13.53)

Today 07:16 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 16591243O/
They bought back 19,182 shares at 209.39p = £40,165.19

Today 07:00 Challenger Energy (CEG)
Response to Announcement by Predator Oil and Gas
https://www.investegate.co.uk/challenge ... 00090725O/
FRAM denies that any amount is owing to Predator pursuant to the WPA, and considers the various assertions made by Predator in yesterday's announcement to be devoid of any technical justification or legal basis. Accordingly, FRAM will vigorously defend any legal proceedings should they be issued by Predator, and will seek recovery of any costs incurred by FRAM in doing so.
FIGHT!!!!

Today 07:00 Nostra Terra O&G Co (NTOG)
Final Results
https://www.investegate.co.uk/nostra-te ... 00090730O/
The AGM will be held at at the offices of Druces LLP at Salisbury House, London Wall, London EC2M 5PS at 11.00 a.m. on 30 June 2022...
Revenues for the year were $2,282,000 an increase of 123% from $1,025,000 in 2020, reflecting a combination of a 26% increase in production sales and an improving commodity price environment (average $61.42 per barrel sold in 2021 compared to $34.17 in 2020). Gross profit before non-cash items (depreciation, depletion, and amortization) was $574,000, significantly improved from a loss of $85,000 in 2020.
The Board continues to focus on its stated aim of increasing cashflow and reserves for the year ended 2022.
Chatty chairman.

Today 07:00 Savannah Energy Plc (SAVE)
2021 Annual Report and Audited Accounts
https://www.investegate.co.uk/savannah- ... 00101235O/
the 2021 Annual Report and audited Accounts ("Annual Report") and investor presentation are now available to download from the Company's website and can be found here https://wp-savannah-2020.s3.eu-west-2.a ... _06_22.pdf and here www.savannah-energy.com/investors/repor ... entations/ respectively.
· FY 2021 Total Revenues[1] of US$230.5m (+7% on FY 2020 Total Revenues of US$215.9m2). This is ahead of the Company's previously issued FY 2021 guidance of 'Total Revenues of greater than US$205m';
· Average realised gas price of US$4.19/Mscf (+6% on the 2020 average realised gas price of US$3.96/Mscf) and an average realised liquids price of US$69.9/bbl (+51% compared to the 2020 average realised liquids price of US$46.2/bbl);
· Group cash balances of US$154.3m[4] as at 31 December 2021 (+46% versus FY 2020 year-end Group cash balances of US$106.0m);
· Group net debt of US$370.0m as at 31 December 2021 (-9% versus FY 2020 year-end Group net debt of US$408.7m);
· Leverage[5] was 2.1x, (20% improvement on 2020 leverage of 2.5x), and an interest cover ratio[6] of 2.8x (FY 2020 ratio of 2.4x);
· FY 2021 average gross daily production from the Nigerian operations was 22.3 Kboepd, a 14% increase from the average gross daily production of 19.5 Kboepd in FY 2020;
Guidance $215 million sales in 2022

Today 07:00 SDX Energy PLC (SDX)
GAS DISCOVERY AT MA-1X WELL IN SOUTH DISOUQ EGYPT
https://www.investegate.co.uk/sdx-energ ... 00100744O/
MA-1X (SDX WI: 67%) spudded on 21 May 2022 and reached TD at 6,400 feet MD on 31 May 2022. The primary basal Kafr El Sheikh target was encountered at 5,762 feet MD and discovered 56.3 feet of net pay gas sand with an average porosity of 31.9%. MA-1X will now be completed and tested, with the results of the test being communicated in due course .

Today 07:00 Serinus Energy PLC (SENX)
Romania Drilling Programme Update
https://www.investegate.co.uk/serinus-e ... 00050646O/
the exploration drilling program in Romania is progressing and the work to prepare for drilling is ahead of schedule. The Company's plan is to drill two wells sequentially into two separate natural gas prospects located near the Moftinu gas field and gas plant. Subject to the results of the first two wells the Company anticipates drilling a third well to complete this 2022 drilling programme....Subject to the timely approval of all permits the Company intends to drill the Canar-1 well located 4.0 km to the west of the Moftinu gas plant, commencing in late June or early July. Upon completion of the Canar-1 well the Company expects to drill the Moftinu Nord-1 well.

Today 07:00 Arrow Exploration (AXL)
Arrow Announces Total Depth Reached on RCS-1 Well
https://www.investegate.co.uk/arrow-exp ... 00101230O/
Spud on May 23, 2022, the RCS-1 well was drilled to a true vertical depth ("TVD") of 8,105 feet on June 3rd. The well has been successfully cased and cemented as of June 6th. Initial technical evaluation indicates six separate oil-bearing reservoirs, two of which were not evident in RCE-1 or RCE-2. Cumulative net pay in all zones exceeds 55 feet. The six separate reservoirs were found in the C7, the Gacheta and the Ubaque, between 7,077 feet and 8,105 feet. Comprehensive testing of these individual zones will commence in the next few days....
RCE-2 continues to produce at a stabilized rate of 1,000 BOPD (500 BOPD net)

Today 07:00 i3 Energy PLC (I3E)
July 2022 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 00110749O/
Dividend: 0.1425 pence/share

Today 07:00 Egdon Resources PLC (EDR)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/egdon-res ... 00040527O/
500k warrants from July 2021

Today 07:00 Oilex Ltd (OEX)
Holding(s) in Company
https://www.investegate.co.uk/oilex-ltd ... 00111234O/
On 01/06/2022, Espen Thomassen reduced from 3.193% to 2.821%. [assume that's the Maersk Drilling director?]

Today 07:00 Ascent Resources PLC (AST)
Updated Corporate Presentation
https://www.investegate.co.uk/ascent-re ... 00040595O/
the latest copy of its corporate presentation is now available to view at https://www.ascentresources.co.uk/inves ... documents/

Today 07:00 United Oil & Gas PLC (UOG)
Change of registered address
https://www.investegate.co.uk/united-oi ... 00040281O/
from today the registered office of the Company has changed to 2nd Floor, 38 - 43 Lincoln's Inn Fields, London, WC2A 3PE.
Empyrean moved to the same address yesterday, presumably some admin has moved office?

Today 03:24 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Operational and Financial Update
https://www.investegate.co.uk/gran-tier ... 2401H8082/
Achieved Total Average Production (1) of 30,556 BOPD During Second Quarter-to-Date 2022
Total Current Average Production (2) of 33,140 BOPD
Paid Down Credit Facility Balance to $0
Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
Spud the Company's First Exploration Well of 2022 in the Putumayo Basin of Colombia on June 2, 2022
Secured Drilling Rig to Begin Planned Ecuador Exploration Program During Third Quarter 2022

Yesterday 18:20 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 20150664O/
the total number of shares in the capital of the Company as at 7 June 2022 was as follows:

Yesterday 18:06 Savannah Energy Plc (SAVE)
FY2021 Results, Notice of AGM, Posting of Report
https://www.investegate.co.uk/savannah- ... 06390644O/
2021 was a fantastic year for Savannah. Our Total Revenues12 and Adjusted EBITDA2 grew by 7% year-on-year to US$231m and US$175m respectively. We organically increased our Net 2P reserves by 20% to 77.7 MMboe. We announced our potentially transformational acquisition of a large portfolio of upstream and midstream assets in Chad and Cameroon, which upon completion we now expect will more than double our corporate free cashflow. We established a Renewable Energy Division which, post period, has signed agreements for up to 750 MW of large scale greenfield solar and wind projects. We successfully renewed and amalgamated our Niger PSC areas, paving the way for the progression of our intended 35 MMstb R3 East development and a return to exploration activity in the licence areas.

Yesterday 18:02 Savannah Energy Plc (SAVE)
Appointment of CFO and and Intended Board Changes
https://www.investegate.co.uk/savannah- ... 02100641O/
announces the appointment of a new Group Chief Financial Officer and several Board changes that are anticipated to take effect over the coming months.

Yesterday 17:59 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 59570633O/
They bought back 7,500,000 shares at 444.635p = £33,347,638.50

Yesterday 17:30 Gulf Marine Services (GMS)
2021 Annual Report and Notice of 2022 AGM
https://www.investegate.co.uk/gulf-mari ... 30490596O/
The Company will hold its Annual General Meeting (the 'AGM') at 2:30p.m (UAE time) on Thursday, 30 June 2022.

Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z2701/
€215m

Yesterday 16:54 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5437H7794/
They bought back 4,000,000 shares at £24.084 = £96,335,100

Yesterday 16:35 Phoenix Global Res (PGR)
Price Monitoring Extension
https://www.investegate.co.uk/phoenix-g ... 35500489O/
https://uk.finance.yahoo.com/quote/PGR.L/chart
On the day it's up +8.2%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 35540490O/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's jumped +15.4% with a spike to +22%. Over the last 2 weeks it's jumped +32% with a spike to +40%.

Yesterday 16:21 UK Oil & Gas PLC (UKOG)
Successful Loxley Planning Appeal Outcome
https://www.investegate.co.uk/uk-oil--- ... 21510467O/
the Right Hon Stuart Andrew MP, Minister for Housing acting for the Secretary of State ("SoS") for Levelling Up, Housing and Communities has overturned Surrey County Council's ("SCC") refusal of planning consent for its wholly-owned Loxley conventional gas and hydrogen feedstock project. With both planning and environmental consents in hand the Loxley gas project can now, finally, proceed ahead.

Yesterday 15:17 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 17110417O/
On 27-May-2022, Premier Miton Group plc reduced from 13.945% to 12.555%.

Yesterday 15:14 Trinity Exploration (TRIN)
LTIP Awards
https://www.investegate.co.uk/trinity-e ... 14420407O/
announces the vesting of awards made under the Long Term Incentive Plan ("LTIP") on 09 May 2019 ("2018 Awards") and awards granted under the LTIP.

Yesterday 15:00 Ashtead Tech Hldgs (AT.)
Posting of Annual Report and Notice of AGM
https://www.investegate.co.uk/ashtead-t ... 00040242O/
The AGM is scheduled to be held at 10.00 a.m. on Thursday, 30 June 2022 at White & Case LLP, 5 Old Broad Street, London EC2N 1DW.

Yesterday 13:07 Nostra Terra O&G Co (NTOG)
Grant East #1 Completion Results
https://www.investegate.co.uk/nostra-te ... 07530249O/
the Grant East #1 well, in the Permian Basin, West Texas, has been temporarily abandoned ("TA")...Following the drilling announcement on the 9th of May, the well was completed in multiple horizons. The well was then fractured stimulated in 3 stages and tested. On test the well flowed high rates of water with a low oil cut. Several attempts were made to isolate the deeper water producing horizons from the shallower oil zones, but they were unsuccessful. The well has been suspended until a decision is made on what to do with the existing wellbore. The Grant East #1 could be used as a future injector or re-entered and used as a producer based on results of a future offset well. Presently there is not sufficient treating capacity within the field to handle the associated water volumes, however, as the development progresses and treating capacity is expanded it may be possible to efficiently produce the Grant East #1 as it is currently completed.

Yesterday 11:53 Reabold Resources (RBD)
Notice of AGM - correction of typographical error
https://www.investegate.co.uk/reabold-r ... 53270099O/
it has come to the attention of the Company that the Form of Proxy contains a typographical error.

Yesterday 11:26 Star Phoenix Group (STA)
Update on RRDSL Claim
https://www.investegate.co.uk/star-phoe ... 26139929N/
its wholly owned subsidiary in Trinidad..., through its attorney (Robin B. Ramoutar & Co), has submitted a claim at an amount of approximately TT$1.1 million (£132,000) against 360 Oil and Gas Limited (the "Defendant") in the Supreme Court of Trinidad and Tobago (the "Claim") in respect of unpaid service fees from the Defendant. A Court date will be scheduled in due course.

Yesterday 11:00 Bowleven plc (BLVN)
Price Monitoring Extension
https://www.investegate.co.uk/bowleven- ... 00469855N/
https://uk.finance.yahoo.com/quote/BLVN.L/chart
On the day it's soared +90% with a spike to +160%. Over the last 2 weeks it's soared +79.2% with a spike to +145%.

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#506014

Postby Hallucigenia » June 9th, 2022, 9:46 am

Southern bounce on cracking well result, Chariot complete their fundraising and are considerably oversubscribed, Kistos are rolling in cash, whereas Sound's fundraising was less well received.
Big news in the market is a fire that looks like it will knock out the Freeport LNG export terminal in Texas for at least 3 weeks, just what we don't need - it's about 20% of US LNG capacity. And Brent continues to grind upwards.

Brent=$123.08(June)           WTI=$121.42(June,Brent-1.66)    Nymex gas=$8.28(June)   
NBP =171.55p(June,Nymex+13.16) TTF=€87.590(July,Nymex+19.19) JKM=$22.775(July,Nymex+14.49)

Today 09:00 Southern Energy Corp (SOUC)
Price Monitoring Extension
https://www.investegate.co.uk/southern- ... 00283015O/
https://uk.finance.yahoo.com/quote/SOUC.L/chart
On the day it's jumped +18% with a spike to +21%. Over the last 2 weeks it's jumped +34.2% with a spike to +37%.

Today 07:00 Southern Energy Corp (SOUC)
INITIAL RESULTS FROM FIRST GWINVILLE WELL
https://www.investegate.co.uk/southern- ... 00042914O/
is excited to announce successful early flowback results from the first well of the three-well horizontal padsite located in the Gwinville Field.
· Well GH 19-3 #2 is flowing at an initial level of 7.7 MMcf/d (1,280 boe/d), at a highly restricted flowing pressure, exceeding the Company's modeled type curve
With the additional volumes from the new well, Southern's current WI sales production has increased approximately 60% to 3,175 boe/d (96% gas). The additional natural gas production from the new well is unhedged and being sold at current NYMEX gas prices.

Today 07:00 Chariot Limited (CHAR)
Result of Significantly Oversubscribed Open Offer
https://www.investegate.co.uk/chariot-l ... 00042903O/
today announces the result of its Open Offer pursuant to the Fundraising announced on 18 May 2022.The Company is pleased to announce that it has received valid acceptances from Qualifying Shareholders in respect of 61,098,316 Open Offer Shares, representing a take-up of over 347 per cent. of the 17,597,272 available Open Offer Shares....the Open Offer has conditionally raised total gross proceeds of approximately US$4.0 million (£3.2 million).
...we will have raised a total of US$29.5 million through the Fundraising,

Today 07:00 Kistos PLC (KIST)
2022 AGM Trading and Operations Update
https://www.investegate.co.uk/kistos-pl ... 00022259O/
is pleased to provide the following operational and trading update ahead of the Company's Annual General Meeting which is being held today at 11.00 a.m. as a virtual meeting....
· Pro forma net production for the five months to end of May 2022 was 12.0 kboe/d, unhedged as of 1 April 2022
· Cash balances on 31 May 2022 were€128.6 million
· Acquired €27.7 million (nominal) of Kistos NL2 bonds in February 2022
· Net cash on 31 May 2022 of €6.3 million
"With almost €130 million of cash at our disposal, we have the financial strength, capital discipline and track record to grow the business and deliver shareholder value.

Today 07:00 Baron Oil PLC (BOIL)
Peru Block XXI - Release of Guarantee Bond
https://www.investegate.co.uk/baron-oil ... 00032342O/
Further to the Company's announcement of 19 April 2022, Baron Oil (AIM: BOIL), is pleased to announce the relinquishment of its legacy Licence Block XXI in Peru and the release and successful return of its US$160,000 Bank Guarantee.

Today 07:00 Velocys PLC (VLS)
Appointment of Chief Financial Officer
https://www.investegate.co.uk/velocys-p ... 00052273O/
is pleased to announce the appointment of Philip Sanderson [ex Shell] as an Executive Director of the Company and as Chief Financial Officer (" CFO ") with effect from 22 June 2022.

Today 07:00 Lekoil Limited (LEK)
Directorate Changes
https://www.investegate.co.uk/lekoil-li ... 00052354O/
s pleased to announce the following appointments to the Company, each with immediate effect:
· Mr. Olapade Durotoye becomes the Non-Executive Chairman
· Mr. Guy Oxnard becomes an Executive Director
· Mr. Dipo Sofola becomes a Non-Executive Director
The appointments are part of a managed succession planning in which Mr. Anthony Hawkins and Mr. Al Tindall will each cease being Directors of the Company as of 30 June 2022.
Oxnard is a lawyer, no bad thing given that the company is essentially a lawsuit at the moment. Sofola is BDM at Savannah.

Today 07:00 Vaalco Energy Inc (EGY)
Publication of 2021 ESG Report
https://www.investegate.co.uk/vaalco-en ... 00042922O/
today announced that it has issued its 2021 Environmental, Social and Governance ("ESG") report

Today 07:00 Vivo Energy (VVO)
Dividend Currency Exchange Rate
https://www.investegate.co.uk/vivo-ener ... 00052088O/
4.00000 US cents per share translates to 3.18040p

Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28092221O/
They bought back 7,000,000 shares at 450.417p = £31,529,180.00

Yesterday 17:23 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 23032213O/
On 06-Jun-2022, Spreadex LTD reduced from 3.495% to 2.643%.

Yesterday 17:20 Petrol AD (74JJ)
1st Quarter Results
https://www.investegate.co.uk/petrol-ad ... 20182185O/
Revenues up 29% but cost of goods up 32% so loss widened a little to BGN3.3m

Yesterday 16:54 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5421H8022/
They bought back 4,000,000 shares at £24.295 = £97,179,050

Yesterday 16:35 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 35582119O/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's jumped +10% with a spike to +18%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35452116O/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's up +10.2% with a spike to +23%. Over the last 2 weeks it's up +21.3% with a spike to +35%.

Yesterday 16:25 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on June 8, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 25292093O/
Ratifies/approves the Gas Sale Contract no. PET 15/2022 with Societatea Electrocentrale Bucureşti S.A., pursuant to the provisions of article 52, paragraph (1) of GEO no. 109/2011.

Yesterday 16:09 'Surgutneftegas' PJSC (SGGD)
Information statement on delayed disclosure of the insider information contained in the accounting statements by the joint stock company
https://www.investegate.co.uk/--39-surg ... 0903EMGDY/
https://www.surgutneftegas.ru/en/invest ... reporting/

Yesterday 15:11 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 11212005O/
On 06-Jun-2022, Cairn Capital Limited reduced from 22.181% to 21.183%.

Yesterday 14:00 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 00371890O/
https://uk.finance.yahoo.com/quote/SOU.L/chart
On the day it's dropped -18% having touched -22%. Over the last 2 weeks it's down -22.7%.

Yesterday 14:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00291888O/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's down -10.3% with a spike to +21%. Over the last 2 weeks it's up +18.4% with a spike to +60%.

Yesterday 12:23 Nostrum Oil & Gas (NOG)
Result of AGM
https://www.investegate.co.uk/nostrum-o ... 23001757O/
All resolutions passed

Yesterday 11:53 Sound Energy PLC (SOU)
Fundraise to raise £4 million
https://www.investegate.co.uk/sound-ene ... 53301716O/
total of £4 million raised at 2.0 pence per share to progress a number of key value creating projects, principally the pre-development work on the Tendrara Phase 2 pipeline to FID, corporate new ventures activities and corporate G&A
o £2.88 million raised via a placing with institutional and other investors through the issue of 144,225,000 Fundraise Shares (the "Placing")
o £1.12 million raised via a direct subscription with the Company through the issue of 55,775,000 Fundraise Shares (the "Subscription")
The net proceeds of the Fundraise will, together with the Company's unaudited existing cash balances of approximately £1.0 million as at 1 May 2022, be applied towards Phase 2 Tendrara Production Concession pre-development work up to FID, preliminary Anoual exploration pre-drill activities, and provide the Company with additional working capital for corporate and debt servicing purposes.
Sound Energy has agreed to issue broker warrants over a total of 7,056,875 Ordinary Shares to SP Angel and Gneiss exercisable at 2.75 pence per Ordinary Share for a period of three years from Admission of the Fundraise Shares to trading on AIM.

Yesterday 11:00 PetroTal Corp. (PTAL)
Price Monitoring Extension
https://www.investegate.co.uk/petrotal- ... 00271633O/
https://uk.finance.yahoo.com/quote/PTAL.L/chart
On the day it's jumped +8.5% with a spike to +13%. Over the last 2 weeks it's jumped +54.4% with a spike to +61%.

Yesterday 09:37 Vaalco Energy Inc (EGY)
PDMR Notification
https://www.investegate.co.uk/vaalco-en ... 37461494O/
on 2 June 2022, restricted shares in the Company ("Common Shares") were transferred by the Company to persons discharging managerial responsibility in the Company as listed below, at the grant price of $8.31. The Common Shares will remain restricted for a period of one year from the date of transfer.

Yesterday 08:36 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 36451354O/
On 03-Jun-2022, Goldman Sachs Group, Inc. reduced from 6.122% to 0.423%.

Hallucigenia
Lemon Quarter
Posts: 1335
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#506241

Postby Hallucigenia » June 10th, 2022, 10:22 am

Not much news today - Saltfleetby remains on track for the end of the month and Empyrean think they know what went wrong with Jade so are going ahead with Topaz.

But if you want a laugh, check out the Thalassa results - to call them a dog's dinner is an understatement. Holding an AGM just outside Monaco would be a big enough red flag, but it's a classic example of the kind of company that just shouldn't be listed, it's just a rich man's plaything. Bear in mind that when you read how he is an investment genius that foresaw the crash, that over the last 5 years he's overseen a steady loss of 25% for his shareholders. Him sucking £500k/year out of a £10m cap company might have something to do with it. Grr, makes me cross.

Worth reading this piece from David Sheppard of the FT, newly back from paternity leave (timing!) on the ongoing tightness in the market with the insurance threat looming large :
https://www.ft.com/content/99cac5d0-bf6 ... 267dab85f4

JPMorgan’s chief executive Jamie Dimon thinks oil prices could surge to $175 a barrel later this year. Jeremy Weir, the head of commodity trader Trafigura, says oil could go “parabolic”.
Energy Aspects, a consultancy with clients stretching from hedge funds to state energy companies, says we are facing “perhaps the most bullish oil market there ever has been”. Goldman Sachs thinks oil prices will “average” $140 a barrel in the third quarter of this year.


Brent=$122.7(June)              WTI=$121.17(June,Brent-1.53)    Nymex gas=$8.97(June)   
NBP =147.73p(June,Nymex+9.47) TTF=€84.985(July,Nymex+17.46) JKM=$23.160(July,Nymex+14.19)

Today 09:00 BP PLC (BP.)
Dividend Declaration
https://www.investegate.co.uk/bp-plc--b ... 00042030O/
the interim dividend for the first quarter of 2022 would be US$0.0546 per ordinary share (US$0.3276 per ADS). [4.3556 pence per share]

Today 07:00 Angus Energy PLC (ANGS)
Update on Commissioning at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 00074026O/
The Company updates on progress on its commissioning schedule at Saltfleetby...Contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing 20 June 2022 with first export (i.e. sales) nominations the week following...
The Company is also pleased to announce that it has concluded all preparatory risk assessment and planning for the forthcoming side-track at Saltfleetby and has advised suppliers of a spud date for drilling of 21 July 2022.

Today 07:00 Empyrean Energy PLC (EME)
Second phase of exploration for Topaz Prospect
https://www.investegate.co.uk/empyrean- ... 00084483O/
is pleased to provide the following update on the completion of post well analysis and entering the second phase of exploration and drilling the Topaz prospect at its 100% owned Block 29/11 permit, offshore China....
· Post-well analysis confirmed reservoir quality better than pre-drill estimate with regional seal confirmed and depth conversion approach validated
· Based on post drill technical evaluation, and CNOOC-assisted migration pathways assessment, Empyrean has decided to enter the second phase of exploration and drill the Topaz prospect...
Comprehensive post well analysis confirmed the Jade well carbonate reservoir parameters are better than pre-drill estimates with total thickness of 292m and porosity in the range of 25 to 27%. [plus a load of regional geology]

Today 07:00 Touchstone Explrtn. (TXP)
VOTING RESULTS OF 2022 SHAREHOLDERS' MEETING
https://www.investegate.co.uk/touchston ... 00073994O/
shareholders approved all resolutions at its 2022 Annual Meeting of Shareholders (the "Meeting") held virtually on June 9, 2022.

Today 07:00 Genel Energy PLC (GENL)
Management change
https://www.investegate.co.uk/genel-ene ... 0006EXCOV/
Genel Energy plc ('Genel' or ‘the Company’) announces that after discussions with the Board following the recent AGM, at which Bill Higgs did not receive the required 50% majority of votes in favour of re-election as a Director, he has agreed to step down as CEO of the Company with immediate effect. Dr Higgs will take up a role as Special Advisor to the Chairman until 1 September 2022, to support an orderly transition, after which he will remain as a consultant to the Company. Paul Weir, COO, [ex Tullow/Talisman] has been appointed as Interim CEO with immediate effect.

Today 07:00 Ashtead Tech Hldgs (AT.)
Annual Report Availability
https://www.investegate.co.uk/ashtead-t ... 00074000O/
its Annual Report and Accounts for the year ended 31 December 2021 are available on the Company's website, http://www.ashtead-technology.com.

Today 07:00 Arrow Exploration (AXL)
Issuance of Options and Filing of AGM Materials
https://www.investegate.co.uk/arrow-exp ... 00074083O/
announces the issuance of a total of 2,300,000 stock options ("Options"), pursuant to the Company's Stock Option Plan ("the Plan") to certain Directors and senior management, as detailed below...The Options issued have an exercise price of CAD$ 0.28

Yesterday 17:33 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 33043876O/
They bought back 7,000,000 shares at 452.857p = £31,700,022.00

Yesterday 16:49 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4959H8250/
They bought back 4,000,000 shares at £24.312 = £97,249,650

Yesterday 16:41 Echo Energy PLC (ECHO)
Directorate Change
https://www.investegate.co.uk/echo-ener ... 41383797O/
Stephen Whyte, Non-Executive Director, will be stepping down from the Board following the Company's forthcoming Annual General Meeting to be held on 27 June 2022.

Yesterday 16:35 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 35443790O/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's up +10.3%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35473791O/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's down -14.5%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:14 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 14203763O/
On 08/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group, holding via Lombard Odier Asset Management (Europe) Limited decreased from 10.87% to 9.29%.

Yesterday 15:41 Kistos PLC (KIST)
Result of Annual General Meeting
https://www.investegate.co.uk/kistos-pl ... 41543738O/
The board of directors of Kistos plc (AIM: KIST) is pleased to announce that at the Annual General Meeting ("AGM") of the Company held earlier today all resolutions were duly passed.

Yesterday 15:34 Thalassa Holdings Ltd (THAL)
Final Results for Year Ended 31 December 2021
https://www.investegate.co.uk/thalassa- ... 3407EUFEE/
Dear God - what a ****ing mess. Something has gone wrong with the formatting, but it's one of those where the boss uses the results to sound forth on the state of the markets and anything else that catches his fancy. But he should perhaps pay closer attention to his investments where there is little to justify the £500k pa he takes out of the company -
Autonomous Robotics Ltd (ARL) (100%) Proof of Concept completed. Discussions with potential commercial development partners have not yet resulted in a transaction. Focus on commercialisation of Node system and fundraising for production of shallow water system
Anemoi International Ltd (36.9%) as a result of the December 2021 RTO, now owns 100% Id4 AG. Id4 is a fintech company specialising in Client Life Cycle Management systems, client onboarding and compliance software.
WGP (100%) The Company stood to receive a further $4 million earn-out. Unfortunately, the Norwegian project associated with the earn-out has been delayed due to welding failures during construction of the client’s new Floating Production Storage and Offloading (“FPSO”) vessel. The new oil field should have commenced production in 2022; this has now been pushed out to 2023. Our contract expires in January 2023. It is, therefore, unlikely that we will receive the second payment of $4 million.
Tappit Technologies. Tappit specializes in event technologies. It offers a range of products and services covering cashless payments, fan engagement, access control as well as data and insight areas. In addition, the company's technology supports ticket integrations and works for various events and venues.

Yesterday 15:18 Thalassa Holdings Ltd (THAL)
Notice of AGM
https://www.investegate.co.uk/thalassa- ... 1841EPTCP/
NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING (the “Meeting”) of Thalassa Holdings Ltd (the “Company”) will be held at Anjuna, 28 Avenue de la Liberté, 06360 Eze, France on 28 June 2022 at 10:00 am (CEST)
[Between Monaco and Cap Ferrat. Nice, as they say in that part of the world]

Yesterday 13:46 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions acc.to art.108 L24/2017
https://www.investegate.co.uk/s.n.g.n.- ... 46163622O/
Natural Gas-sale purchase Contract no. VG 30/2022 was sent by OMV Petrom S.A. on June 9, 2022.

Yesterday 13:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00013230O/
On 06-Jun-2022, Goldman Sachs Group, Inc. increased from 2.54% to 3.15%.

Yesterday 12:25 Oilex Ltd (OEX)
Holding(s) in Company
https://www.investegate.co.uk/oilex-ltd ... 25383514O/
On 08-Jun-2022, Republic Investment Management Pte. Ltd. (Singapore) holding via HSBC BANK PLC increased from 13.41% to 16.07%.

Yesterday 11:47 Pharos Energy PLC (PHAR)
External Directorship
https://www.investegate.co.uk/pharos-en ... 47123452O/
Lisa Mitchell, a Non-Executive Director of the Company, has been appointed to the Board of Orca Energy Group Inc

Yesterday 10:45 Serica Energy PLC (SQZ)
Block Listing Application
https://www.investegate.co.uk/serica-en ... 45433287O/

Yesterday 09:00 Southern Energy Corp (SOUC)
Price Monitoring Extension
https://www.investegate.co.uk/southern- ... 00283015O/
https://uk.finance.yahoo.com/quote/SOUC.L/chart
On the day it's up +4.7% with a spike to +21%. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +37%.

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#506840

Postby Hallucigenia » June 13th, 2022, 11:32 am

Big news is Scirocco selling their share of Ruvuma to Wentworth next door for roughly book value - is Aminex next? Orcadian submit the Pilot FDP and talk up the effect of the windfall tax on farmouts, Valeura are happy with what the consultants have said about the reserves of their Thai acquisition. Oilex are so desperate to get rid of the "oil" in their name that they asked Apprentice candidates to come up with a new name - Synergia Energy (SYN), could it be more bland?
Total buy into Qatar's massive North Field East LNG, which won't get them any Christmas cards from Iran, but are more excited one senses about the cars at Le Mans running on winemaking waste. Only in France...

Brent=$120.85(June)              WTI=$119.24(June,Brent-1.61)   Nymex gas=$8.65(June)   
NBP =154.16p(June,Nymex+10.17) TTF=€83.835(July,Nymex+17.08) JKM=$23.165(July,Nymex+14.51)

Today 09:36 Shell plc (SHEL)
Shell Plc First Quarter 2022 Euro and GBP Equivalent Dividend Payments
https://www.investegate.co.uk/shell-plc ... 3600H8728/
Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 7, 2022 will be entitled to a dividend of US$0.25, €0.2346 or 20.01p per ordinary share, respectively....
With Shell’s tax residence moved to the UK, dividends paid to shareholders on their ordinary shares will not attract Dutch dividend withholding tax. This means that holders of the former A shares receive their dividends in full as Dutch dividend withholding tax is no longer withheld on these dividends. Holders of the former B shares receive their dividends directly from Shell as these dividends will no longer be paid through the Dividend Access Mechanism.

Today 08:55 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 55136151O/
On 09-Jun-2022, Merrill Lynch International holding through Bank of America Corporation reduced from 11.002% to 9.437%.

Today 07:30 Quadrise Fuels Intnl (QFI)
Material Transfer & Cooperation Agreement
https://www.investegate.co.uk/quadrise- ... 30366077O/
it has signed a new Material Transfer & Cooperation Agreement (the "Agreement") with its client in Morocco (the "Client"). This Agreement supersedes the original agreement with the Client, announced on 29 November 2019....The industrial demonstration test and feasibility study covered by this Agreement will occur concurrently, with completion expected in Q3 2022. The Agreement is valid for one year unless mutually extended.[consultant gets his bonus as a result, see below]

Today 07:21 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 21496075O/
They bought back 25,601 shares at 222.45p = £56,949.42

Today 07:00 Scirocco Energy PLC (SCIR)
Ruvuma Divestment and announcement of GM
https://www.investegate.co.uk/scirocco- ... 00076068O/
is pleased to announce that it has entered into a conditional binding agreement with Wentworth Resources plc (AIM: WEN) to divest its 25% non-operated interest in the Ruvuma asset, Tanzania, for a total consideration of up to US$16 million.
· Total consideration of up to US$16 million comprised of:
o Initial consideration of US$3 million payable on completion of the Proposed Transaction;
o US$3 million payable upon final investment decision being taken by the parties to the Ruvuma Asset Production Sharing Agreement or the JOA as the case may be;
o Deferred consideration of up to US$8 million payable in the form of a 25% net revenue share from the point when Ruvuma commences delivery of gas to the gas buyer;
o Contingent consideration of US$2 million payable on gross production reaching a level equal to or greater than 50Bcf.
· Wentworth to provide Scirocco with a loan of up to $6,250,000 to meet all cash calls pursuant to the Ruvuma JOA arising between the Economic Date of 1 January 2022 and expected Completion timeline...
the Company notes that it recorded its interest in the Ruvuma asset at a gross asset value of £14.63 million per its unaudited accounts for the 6 month period ended 30 June 2021. For the audited year ended 31 December 2020, the Company incurred losses relating to Ruvuma asset of £0.81 million....
After an exhaustive sales process over the last couple years, it is evident that this is the best possible deal that we could achieve based on the macro backdrop and the investment required to further de-risk and commercialise our interest in Ruvuma....
Tom Reynolds will provide a live presentation and host a Q&A session relating to the Proposed Transaction via the Investor Meet Company platform at 3:00pm BST on Thursday 16th June....
In 2021, the Company outlined its proposed new strategy to invest in sustainable energy assets and subsequently adopted the Investing Policy at its 2021 Annual General Meeting, with the approval of 99.6% of those Shareholders eligible to vote on the resolution. Even before the disruption and uncertainty caused by the COVID-19 pandemic, the microcap E&P environment was facing numerous challenges in terms of access to capital and large scale shifting of investor sentiment away from the sector. It was with that background the Board made the decision to pivot the Company's strategy towards sustainable energy assets and the circular economy....
the Proposed Transaction is subject to shareholder approval by way of an ordinary resolution at a General Meeting scheduled for 29th June 2022

Today 07:00 Wentworth Resources (WEN)
Proposed Acquisition
https://www.investegate.co.uk/wentworth ... 00075639O/
it has reached agreement with Scirocco Energy plc ("Scirocco") to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement ("Ruvuma Asset"), in Tanzania (the "Transaction").
The 1.9 Tscf (mean GIIP) Ntorya gas discovery located within Ruvuma, Tanzania is operated by ARA Petroleum Tanzania (50% working interest, Aminex plc 25%) and is adjacent to Wentworth's Mnazi Bay gas producing asset....The deal represents an attractively priced, low risk entry into a high growth opportunity which cements our position as a leading supplier of domestic gas to Tanzania...
The Ruvuma asset contains the Ntorya-1 discovery well, drilled in 2012, and the Ntorya-2 appraisal well, drilled in 2017, and is estimated by RPS (2018) to have a mean estimated GIIP of c.1.9 Tscf. The Ntorya-1 gas discovery well is located approximately 30 km from the Madimba gas plant which is within the Mnazi Bay concession....
Development activity is progressing with a 338 km2 3D seismic survey currently underway before the drilling of the Chikumbi-1 appraisal well in late 2022 or early 2023. The Chikumbi-1 well aims to confirm 2C resources of 763 Bscf. The cost of the seismic survey and appraisal well net to Wentworth is estimated at $6.25 million.
Final Investment Decision ("FID") is targeted for 2023 with first gas expected in late 2024 and an ultimate target production rate of up to 140 MMscf/d.
[Doing this roundup every day I'd noticed they'd gone quiet on their buybacks... Aminex next?]

Today 07:00 Orcadian Energy PLC (ORCA)
Draft FDP and Farm-out Process Update
https://www.investegate.co.uk/orcadian- ... 00055523O/
· The Company has submitted a draft Field Development Plan for the Pilot oilfield to the North Sea Transition Authority (NSTA)
· A structured farm-out process has been initiated for the Pilot oilfield
· New tax regime has transformed economics of North Sea investment for tax-paying companies.
Orcadian has 79MMbbls of 2P reserves in the Pilot oilfield...Orcadian's proposed low emissions, FDP for Pilot is based upon a Floating Production Storage and Offloading vessel (FPSO), with thirty-four wells to be drilled by a Jack-up rig through a pair of well head platforms and provision of power from a floating wind turbine. Emissions per barrel produced are expected to be about an eighth of the 2020 North Sea average, and less than half of the lowest emitting oil facility currently operating on the UKCS.... the Directors understand that the introduction of the Energy Profits Levy ("EPL") by the UK Government last month, has radically improved the economics of a farm-in deal for some potential farminees.

Today 07:00 SDX Energy PLC (SDX)
COMPLETION OF DRILLING AT MSD-24 WEST GHARIB EGYPT
https://www.investegate.co.uk/sdx-energ ... 00075618O/
is pleased to announce the completion of drilling at the MSD-24 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX WI: 50%). MSD-24 encountered the primary top Asl Formation reservoir at 4,089ft MD (3,276ft TVDSS) and reached a TD of 4,625 feet MD on 5 June 2022. The well encountered 86.5 feet of good-quality, net oil pay sandstone, with an average porosity of 19% in the Asl Formation reservoir. MSD-24 will now be tied-in to the existing facilities and flow tested...
The rig will now move to the next well in the campaign, MSD-27, which is expected to spud in July 2022.

Today 07:00 Valeura Energy Inc. (VLU)
THAILAND ASSETS RESERVES AND RESOURCES REPORT
https://www.investegate.co.uk/valeura-e ... 00296071O/
is pleased to report the results of an independent third party reserves and resources assessment pertaining to its Gulf of Thailand acquisition announced April 28, 2022 and expected to close this month (the "Acquisition")...
· Proved (1P) reserves of 2,749 Mbbl of oil;
· Proved and probable (2P) reserves of 6,456 Mbbl of oil, with an estimated future net revenue after income taxes of US$59.3 million, using a discount rate of 10%;
· Best estimate (2C) unrisked contingent resources of 4,696 Mbbl for the Rossukon oil field, classified as 'development pending;' and
· Additional 2C unrisked contingent resources of 8,615 Mboe relating to various other accumulations on the licences, classified as 'development unclarified.'
The externally evaluated 2P reserves associated with the Wassana field in licence G10/48 are 63% larger than we had originally estimated, meaning our deal metrics are even stronger than initially presented.
For total consideration of US$19.3 million (including initial, contingent, and facilities consideration) we are acquiring 6.5 million bbls of 2P oil reserves, valued at US$59.3 million on an after-tax basis, using a 10% discount rate.

Today 07:00 Oilex Ltd (OEX)
Name Change, Director Option Award, Notice of GM
https://www.investegate.co.uk/oilex-ltd ... 00075296O/
its General Meeting will be held on Wednesday 13 July at 4pm AWST (Meeting) at PKF Perth Level 5, 35 Havelock Street, Perth, Western Australia.
Resolution 1 within the Notice of Meeting is a special resolution which seeks to approve the change the name of the Company from "Oilex Ltd" to "Synergia Energy Ltd", consistent with the re-branding of the Company....Subject to the passing of Resolution 1, and the change of name coming into effect, the Company's proposed new ticker/stock code and market identifier for both ASX and AIM will be 'SYN'.

Today 07:00 TotalEnergies SE (TTE)
Qatar: TotalEnergies the First Company Selected to Partner with QatarEnergy on the Giant North Field East LNG Project
https://www.investegate.co.uk/totalener ... 0000Z0401/
Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The new JV will hold a 25% interest in the 32 million tons per annum (Mtpa) NFE project, equivalent to one 8 Mtpa LNG train.
The World's Largest LNG Project
The NFE, launched by QatarEnergy in summer 2019, is currently under construction. It is intended to increase Qatar's total LNG export capacity from 77 Mtpa to around 110 Mtpa by 2027, thanks to the construction of four 8 Mtpa trains. The upstream part of the project will develop the southeastern area of the field with 8 platforms, 80 wells and gas pipelines to the onshore plant.

Today 07:00 Quadrise Fuels Intnl (QFI)
Addendum to Representation Agreement
https://www.investegate.co.uk/quadrise- ... 00035611O/
it has entered into an addendum (the "Addendum") to the 2019 Morocco Representation Agreement announced by the Company on 6 March 2019 (the "RA") with Younes Maamar (the "Consultant").
Under the Addendum, the term of the RA has been extended to 30 June 2023 and the Consultant may be awarded up to a total of 13 million warrants over new ordinary shares in the Company, conditional upon certain key milestones being achieved (the "Addendum Warrants"):
[earned a brown envelope stuffed with warrants with the deal being extended today, see 7.30]

Today 07:00 Baron Oil PLC (BOIL)
Planned Showcasing of Chuditch
https://www.investegate.co.uk/baron-oil ... 00075437O/
during the next four months, Baron Oil's wholly owned subsidiary SundaGas Banda Unipessoal Lda. ("SundaGas"), as operator of the offshore Timor-Leste TL-SO-19-16 "Chuditch" PSC, will participate in the following events, where the potential of the asset will be showcased.
[nothing says desperation like an RNS about some Powerpoints]

Today 07:00 Diversified Energy (DEC)
Q4 2021 Dividend Exchange Rate
https://www.investegate.co.uk/diversifi ... 00075616O/
The Company announces that Shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 3.43 pence per share.

Today 07:00 Kosmos Energy Ltd (KOS)
Director/PDMR Shareholding
https://www.investegate.co.uk/kosmos-en ... 00075458O/
Director grants, I didn't know they had Richard Dearlove, the former head of MI6, involved.

Today 07:00 Kosmos Energy Ltd (KOS)
Result of AGM
https://www.investegate.co.uk/kosmos-en ... 00045443O/
Directors and auditors approved

Friday 17:12 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1246H8488/
They bought back 4,000,000 shares at £23.505 = £94,021,150

Friday 17:07 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 07585378O/
They bought back 7,000,000 shares at 440.008p = £30,800,545.00

Friday 16:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00065203O/
On 09-Jun-2022, FMR LLC reduced from 6.364% to 4.966%.

Friday 15:31 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 3100P3488/
AWARD OF NIL-COST MATCHING SHARES NET OF ASSOCIATED TAX LIABILITY RELATING TO THE WOOD EMPLOYEE SHARE PLAN 2020 – 2021 PURCHASE PERIOD

Friday 15:29 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 2900PFA3C/
ADJUSTMENT OF AWARDS FOR PERFORMANCE AND ACCRUAL OF HISTORIC DIVIDENDS UNDER THE JOHN WOOD GROUP PLC LONG-TERM PLAN (“LTP”) IN RESPECT OF THE 2019-2021 PERFORMANCE PERIOD.

Friday 14:44 Vaalco Energy Inc (EGY)
Notification Of Major Holdings
https://www.investegate.co.uk/vaalco-en ... 44585209O/
On 08-Jun-2022, UBS Group AG Investment Bank increased from 0% to 5.645%.

Friday 11:45 TotalEnergies SE (TTE)
All 24 Hours of Le Mans Race Cars to Use 100% Renewable Fuel Produced by TotalEnergies
https://www.investegate.co.uk/totalener ... 4500Z9213/
For the first time in the endurance event’s history, the 62 race cars competing in the 90th 24 Hours of Le Mans (June 11-12, 2022) will be supplied with a 100% renewable fuel developed and produced by TotalEnergies: Excellium Racing 100. This zero-oil fuel will deliver a reduction in CO2 emissions of at least 65% over its lifecycle....
More than 18 months of R&D were needed to develop this renewable fuel made from wine residues (grape marcs and lees). Excellium Racing 100 is a full-fledged racing fuel that meets all the requirements of the FIA, car manufacturers, drivers and the European directive on renewable energies (RED)....
As the hydrogen partner to ACO and the “H24 Racing” team, TotalEnergies will also deploy this year a mobile hydrogen filling station at Le Mans to supply the “H24” hydrogen prototype that will take part in the Road to Le Mans support races. The project “H24 Racing”, developed jointly by Automobile Club de l'Ouest and electric-hydrogen specialist Green GT, aims to present an electric-hydrogen race car at the 24 Hours of Le Mans in 2025.

Friday 11:30 Chariot Limited (CHAR)
Result of General Meeting and Total Voting Rights
https://www.investegate.co.uk/chariot-l ... 30134920O/
at the General Meeting of the Company held earlier today all resolutions were duly passed. The Company is pleased to confirm that as a result of obtaining shareholder approval for the Fundraising, which comprised an oversubscribed Placing and Subscription and an oversubscribed Open Offer, Chariot has raised a total of US$29.5 million (£23.6 million).

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#507147

Postby Hallucigenia » June 14th, 2022, 12:34 pm

Eco pull out of their Guyana acquisition as the vendor doesn't like the idea of a lock-up, SDX highlight their cash but are more discreet about it being stuck in Egypt due to new currency controls - might be one to ask other companies in Egypt like Pharos?
Total's renewable ambitions continue to impress - buying 25% of an Indian company planning 30GW renewable capacity feeding 1MTpa hydrogen by 2030, with a 4GW project as the aperitif.

Brent=$123.21(June)           WTI=$121.75(June,Brent-1.46)   Nymex gas=$8.75(June)   
NBP =170p(June,Nymex+11.78) TTF=€90.500(July,Nymex+18.93) JKM=$23.035(July,Nymex+14.29)

Today 08:44 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 44127843O/
CEO buys £315k for his foundation

Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05007263O/
They bought back 36,770 shares at 220.14p = £80,945.48

Today 07:00 Eco (Atlantic) O&G (ECO)
Termination of the proposed JHI Acquisition
https://www.investegate.co.uk/eco--atla ... 00057254O/
Eco will no longer proceed with the proposed acquisition of the balance of the issued share capital of JHI not currently held by it (the "Acquisition"). JHI holds a 17.5% participating interest in the Canje Block offshore Guyana.... it was not possible to agree on the terms of lock-up arrangements required by Eco, designed to restrict and control any subsequent immediate sale of the consideration shares to be issued to the shareholders of JHI, to provide Eco Atlantic's shareholders with the appropriate levels of protection in such a transaction. As a result, the Board of Eco Atlantic has decided not to progress with the acquisition at the current time....Notwithstanding termination of discussions, we and JHI may re-evaluate the proposed acquisition at a future date.

Today 07:00 SDX Energy PLC (SDX)
2022 AGM TRADING AND OPERATIONS UPDATE
https://www.investegate.co.uk/sdx-energ ... 00057257O/
Average entitlement production as at 31 May 2022 of 3,778 boe/d was 10% higher than mid-point 2022 market guidance of 3,425 boe/d.
· Production in Morocco and at South Disouq was above 2022 guidance, with West Gharib below due to mechanical issues with a previous rig that is now being replaced. West Gharib production is expected to increase in the second half of the year.
· Based upon the results of the recent South Disouq drilling campaign, Management has reassessed the remaining prospectivity in South Disouq and has identified gross unrisked P50 prospectivity of 145 bcf of which c100bcf is in acreage that requires re-award by the Egyptian state.
· In Morocco, preparations continue for the recommencement of the drilling campaign that was suspended in December 2021. The first of up to seven wells to be drilled in the next year is expected to spud in July 2022
Got $15.2m cash but most of it's stuck in Egypt due to new currency controls so they're having to draw on EBRD credit to fund Morocco.

Today 07:00 Clontarf Energy PLC (CLON)
Sasanof-1 well completion
https://www.investegate.co.uk/clontarf- ... 00026998O/
· The well has been plugged and permanently abandoned, with wellhead infrastructure removed.
· The well was drilled to a total depth of 2,390 metres on 5 June 2022 and intersected the Lower Barrow Group target sands at a depth of 2252.9 metres true vertical depth sub-sea (TVDSS), just 3.9 metres below the pre-drill prediction.
· A preliminary evaluation indicates 40 metres of net sand was encountered. However, logs confirmed that the sands contained water, and no commercial hydrocarbons were detected.
· Initial technical analysis indicates that the expected western seal of the targeted stratigraphic trap was breached allowing migration of gas out of the Prospect.
· As planned, the well cost under US$25 million with a duration of 25 days....
Clontarf will retain its 10% interest in the WA-519-P Block

Today 07:00 TotalEnergies SE (TTE)
India: TotalEnergies and Adani Join Forces to Create a World-Class Green Hydrogen Company
https://www.investegate.co.uk/totalener ... 0000Z3201/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen per year (Mtpa) by 2030, underpinned by around 30 gigawatts (GW) of new renewable power generation capacity, as its first milestone.
In order to control green hydrogen production costs, ANIL will be integrated along the value chain, from the manufacturing of equipment needed to generate renewable power and produce green hydrogen, to the production of green hydrogen itself and its transformation into derivatives, including nitrogenous fertilizers and methanol, both for the domestic market and export. To start with, ANIL intends to develop a project to produce 1.3 Mtpa of urea derived from green hydrogen for the Indian domestic market, as a substitution to current urea imports, and will invest around $5 billion in a 2 GW electrolyzer fed by renewable power from a 4 GW solar and wind farm.

Today 07:00 Vaalco Energy Inc (EGY)
VAALCO ENERGY SET TO JOIN RUSSELL 3000� INDEX
https://www.investegate.co.uk/vaalco-en ... 00026153O/
it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell Indexes Annual Reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. Inclusion in the index will take effect after the U.S. market opens on June 27, 2022.

Today 07:00 TomCo Energy PLC (TOM)
Notice of AGM
https://www.investegate.co.uk/tomco-ene ... 00077221O/
the Annual General Meeting of the Company ("AGM") will be held at 2 p.m. (BST) on 7 July 2022, at the Gold Room, 1 Cornhill, London, EC3V 3ND .
[hmm, not an address that shouts "economical with shareholder funds"!!!!]

Today 07:00 Kosmos Energy Ltd (KOS)
Director/PDMR Shareholding
https://www.investegate.co.uk/kosmos-en ... 00077086O/
Roy A. Franklin sells £120k

Today 07:00 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00037197O/
it received a notice to exercise 2,764,733 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$516,728.59 in respect for the warrants exercised.

Yesterday 19:05 BP p.l.c. (BP.)
Release of a capital market information
https://www.investegate.co.uk/bp-p.l.c. ... 0504EJYIR/
Random repeat of previous released through EQS for some reason.

Yesterday 18:04 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 04397161O/
They bought back 8,000,000 shares at 426.586p = £34,126,844.00

Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z1901/
€227m

Yesterday 16:54 Angus Energy PLC (ANGS)
Result of Meeting
https://www.investegate.co.uk/angus-ene ... 54097075O/
Angus Energy (AIM: ANGS) is pleased to announce that at the Company's General Meeting held earlier today all resolutions were passed. Further to the announcement of 24 May 2022, the Company now has the authority to complete the conditional subscription, already advised to the market

Yesterday 16:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4826H8856/
They bought back 4,000,000 shares at £22.813 = £91,250,700

Yesterday 15:00 Chariot Limited (CHAR)
Directors' Dealings
https://www.investegate.co.uk/chariot-l ... 00026902O/
Director subscriptions to fundraising

Yesterday 14:32 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 3200Z1601/
Sale: Transfer of assets consequently to the expiration of TotalEnergies Capital + 2017” subfund

Yesterday 14:00 Bowleven plc (BLVN)
Price Monitoring Extension
https://www.investegate.co.uk/bowleven- ... 00246842O/
https://uk.finance.yahoo.com/quote/BLVN.L/chart
On the day it's dropped -13.3% having touched -20%. Over the last 2 weeks it's jumped +56% with a spike to +94%.

Yesterday 11:22 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 22596580O/
Looney's shares acquired through participation in the BP ShareMatch UK Plan

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#507336

Postby Hallucigenia » June 15th, 2022, 11:02 am

Orcadian pay for seismic with a 1% royalty, Igas have a solid AGM statement despite their hedging, yet another deal for Total buying into Gabonese forests for carbon credits, Petrom give a special divi, Zenith continue to make lots of money from Italian electricity, the saga of Lekoil's legal fight against their former CEO continues with a win for them about jurisdictions.

As an aside, this is a good piece from Constanze Stelzenmüller on Germany and Russian hydrocarbons :
https://www.brookings.edu/testimonies/p ... sil-fuels/

And Australia have suspended their electricity market due to a combination of events, winter has come early at a time when a lot of planned maintenance is happening, low wind and 3GW of coal plants being out :
https://www.aemo.com.au/newsroom/media- ... ale-market

Brent=$119.92(June)              WTI=$117.53(June,Brent-2.39)   Nymex gas=$7.28(June)   
NBP =196.75p(June,Nymex+16.50) TTF=€99.565(July,Nymex+23.33) JKM=$23.175(July,Nymex+15.89)

Today 08:08 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 08069522O/
On 13-Jun-2022, Bank of America Corporation increased from 10.398% to 11.982%.

Today 07:30 Gulf Marine Services (GMS)
Grant of Director Share Awards
https://www.investegate.co.uk/gulf-mari ... 30018788O/
Services
Executive Chairman, Mansour Al Alami, was granted on 14 June 2022 [7m] nil-cost conditional share awards over ordinary shares of £0.02 each in the Company under the Company's Long Term Incentive Plan (the "Plan").

Today 07:28 TotalEnergies SE (TTE)
Gabon: TotalEnergies and Compagnie des Bois du Gabon Join Forces to Develop a New Forest Management Model Combining Wood Production and Carbon Sinks
https://www.investegate.co.uk/totalener ... 2800Z5710/
TotalEnergies has become CBG's leading partner after acquiring 49% of its capital from Criterion Africa Partners. CBG is a key player in Gabonese forestry, recognized for its responsible and sustainable management of 600,000 hectares of forest, certified to the highest international standards of the Forest Stewardship Council (FSC), and for its ongoing contribution to protecting biodiversity.
The forest management model applied by the partners will make it possible to develop a new balance between, on the one hand, the harvesting and local processing of sustainable wood combined with carbon storage and, on the other, the production of related carbon credits thanks to the reduced impact of forest operations, reforestation, agroforestry and conservation of natural forests.

Today 07:15 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 15018897O/
They bought back 32,074 shares at 221.96p = £71,191.45

Today 07:01 Igas Energy PLC (IGAS)
Confirmation of Board Changes
https://www.investegate.co.uk/igas-ener ... 01028918O/
Further to the announcement made earlier in the year, IGas confirms that at the close of its Annual General Meeting (AGM) today, Cuth McDowell, Interim Non-executive Chair, will step down from the Board and Chris Hopkinson, Non-executive Director, who joined the Board in January 2022 will take over the role of Chair.

Today 07:00 Igas Energy PLC (IGAS)
2022 AGM Statement and Trading Update
https://www.investegate.co.uk/igas-ener ... 00038915O/
· 50% of capital costs for Stoke-on-Trent geothermal project to be Government funded
We continue to anticipate net production of c.2,000 boepd for 2022. As at 31 May 2022, cash balances were £3.2 million and net debt was £10.3 million, a reduction of £1.9 million since year end.
Currently the Group has hedged 146,000 bbls for the remainder of 2022 using swaps at an average price of US$76/bbl, and 93,000 bbls at an average floor price of US$44/bbl using puts. In addition, we have hedged 60,000 bbls for the first half of 2023 using swaps at an average price of US$95/bbl.
Operating cash flow before working capital movements expected to be c.£21 million in 2022*.
Operating costs are now forecast to be c. US$ 38.8/bbl driven primarily by increased energy costs and general price increases on equipment. However, positively, given IGas is a net exporter of electricity, there is a forecast net benefit to IGas of £1.4 million, equivalent to US $2.5/boe...
The Levy takes effect from 26 May 2022, and based on current forecasts* we estimate a payment under the Levy of c.£2 million in respect of 2022,

Today 07:00 Orcadian Energy PLC (ORCA)
Seismic acquisition and licensing agreement
https://www.investegate.co.uk/orcadian- ... 00028882O/
is pleased to announce a seismic licensing deal with the energy data company TGS. The agreement will provide Orcadian with high quality seismic data, revealing the reservoir structures and even the likely fluid type....
Orcadian will gain access to 2,070 sq km of newly reprocessed and interpreted, high quality 3D seismic data covering the bulk of its licences and enabling evaluation of nearby open acreage in the upcoming 33rd round;
· Near term costs have been deferred and future payments to TGS will largely derive from a 1% royalty on production;
· TGS will, subject to Pilot FDP approval, acquire 100 sq km of new seismic over the important Elke and Narwhal discoveries;
· The North Sea Transistion Authority ("NSTA") has confirmed that acquisition of this data will satisfy the Phase B work commitment on P2482, Orcadian has requested that NSTA allows P2482 to continue into Phase B.
...A map of these surveys and their relationship to Orcadian's acreage holdings can be downloaded at this link: https://bit.ly/TGS-Orcadian-seismic

Today 07:00 Deltic Energy PLC (DELT)
AGM Presentation
https://www.investegate.co.uk/deltic-en ... 00018668O/
the presentation which will be presented at the AGM on Wednesday 15 June 2022 at 10.30 a.m. at the offices of K&L Gates LLP, One New Change, London, EC4M 9AF, can be found on the homepage at the Company's website: http://www.delticenergy.com

Yesterday 17:56 Trinity Exploration (TRIN)
Reorganisation of Significant Shareholding
https://www.investegate.co.uk/trinity-e ... 56268824O/
it has received a TR1 notification from the trust of David and Christina Segel as set out below. David and Christina Segel are re-organising their holdings and as a result the David and Christina Segel Living Trust plans to dispose of the shares it holds within Trinity and reallocate them within their family such that there is no reduction in the family's combined shareholding. The plan is to distribute to two new trusts: the David A Segel Trust and the CS Living Trust. The initial distribution has resulted in the David and Christina Segel Living Trust now holding 3,724,998 Ordinary shares, amounting to 9.58% in the capital of Trinity.
Divorce is a bugger.

Yesterday 17:51 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 51258819O/
They bought back 8,000,000 shares at 434.174p = £34,733,946.00

Yesterday 17:20 OMV Petrom S.A. (PETB)
Special dividend proposal
https://www.investegate.co.uk/omv-petro ... 20008747O/
Given the company's financial strength in terms of net cash position and profitability, the Executive Board proposes the payment of a special dividend in gross value of RON 0.0450 per share , which leads to a total value of special dividends of RON 2,549 mn.
The above-mentioned special dividend proposal will lead to a total dividend/share distributed this year of RON 0.0791 (including the RON 0.0341 base dividend approved by the ordinary meeting of shareholders on April 27) and translates into a total dividend yield of 15.9%

Yesterday 17:15 Westmount Energy Ld (WTE)
Eco-JHI Transaction & New Corporate Presentation
https://www.investegate.co.uk/westmount ... 15008727O/
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), the AIM-quoted oil and gas investing company focussed on the Guyana-Suriname Basin notes the termination of the proposed 'all paper' acquisition of JHI Associates Inc. ("JHI") by Eco (Atlantic) Oil and Gas Ltd. ("Eco") announced today....Westmount holds a total of 5,651,270 shares in JHI, representing approximately 7.16% of the issued common shares in JHI as of 31st December 2021. Westmount also holds 1,500,000 shares in Eco representing approximately 0.49% of the issued common shares in Eco as of 11th May 2022....
the Company's new corporate presentation can be viewed on its website at http://www.westmountenergy.com/presentations/

Yesterday 17:13 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 13228733O/
the total number of shares in the capital of the Company as at 14 June 2022 was as follows

Yesterday 16:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5324H9082/
They bought back 4,000,000 shares at £23.085 = £92,340,700

Yesterday 16:39 Lekoil Limited (LEK)
Litigation update
https://www.investegate.co.uk/lekoil-li ... 39148698O/
As originally announced on 24 September 2021 (and most recently on 5 May 2022), Mr Akinyanmi commenced an action in the Superior Court of New Jersey, alleging (amongst other things) breach of contract in the termination of his employment contract in an attempt to set off such sums against the amounts owing under the CEO Loan. The Company challenged the jurisdiction of the New Jersey court to hear the claim and the Company has been successful in its application. The case is now stayed until further notice pending arbitration...
We would urge Mr. Akinyanmi to immediately pay the amounts outstanding under the CEO Loan rather than require the Company to pursue yet more litigation.

Yesterday 16:36 Angus Energy PLC (ANGS)
Progress Update at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 36478692O/
all welding and hydrotesting of lines requiring inspection under the Pressure Equipment Safety Regulations has been completed...The next and final stage in proving mechanical integrity will be to introduce nitrogen into the plant for a five day leak and pressure test which we expect to commence at the end of this week. Meanwhile the electrical - power and control and instrumentation - installation continues at pace.

Yesterday 16:36 Ascent Resources PLC (AST)
Price Monitoring Extension
https://www.investegate.co.uk/ascent-re ... 36008693O/
https://uk.finance.yahoo.com/quote/AST.L/chart
On the day it's dropped -8.1% having touched -12%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Southern Energy Corp (SOUC)
Price Monitoring Extension
https://www.investegate.co.uk/southern- ... 35518691O/
https://uk.finance.yahoo.com/quote/SOUC.L/chart
On the day it's down -7.7% having touched -11%. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +31%.

Yesterday 15:17 TomCo Energy PLC (TOM)
Holding(s) in Company
https://www.investegate.co.uk/tomco-ene ... 17458566O/
On 13-Jun-2022, Spreadex LTD reduced from 3.058% to 2.972%.

Yesterday 14:43 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 43488500O/
On 10-Jun-2022, Bank of America Corporation increased from 9.437% to 10.398%.

Yesterday 14:09 Coro Energy PLC (CORO)
Result of AGM
https://www.investegate.co.uk/coro-ener ... 09358465O/
All passed

Yesterday 13:35 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 35558426O/
On 13-Jun-2022, Cantor Fitzgerald Europe increased from 9.607% to 10.804%.

Yesterday 13:30 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 30598422O/
On 13-Jun-2022, Monecor (London) Ltd Trading as ETX Capital increased from 12.173% to 13.37%.

Yesterday 13:14 Zenith Energy Ltd (ZEN)
Update on Electricity Production
https://www.investegate.co.uk/zenith-en ... 14388400O/
During the month of May 2022, [Torrente Cigno] produced a total of approximately 875.6 megawatt hours ("MWh").
Electricity prices during the month of May 2022 averaged approximately EUR 223 per MWh, resulting in net revenues of approximately EUR 195,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month...
our Italian portfolio presents several exciting development opportunities, and we hope to deliver news on this front during the year once we receive the necessary approvals to develop our other natural gas production concessions.

Yesterday 13:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00018065O/
On 09-Jun-2022, Goldman Sachs Group reduced from 3.15% to 2.966%.

Yesterday 12:32 SDX Energy PLC (SDX)
Result of AGM
https://www.investegate.co.uk/sdx-energ ... 32028363O/
all of the resolutions set out in the Company's Notice of AGM and Management Information Circular dated 10 May 2022 were duly passed on a poll with the results as stated below:

Yesterday 12:18 Lekoil Limited (LEK)
Operational update
https://www.investegate.co.uk/lekoil-li ... 18458351O/
o Oil production in May 2022 of 4,230 bopd (gross)/1,692 bopd (net).
o Drilling of Otakikpo-4 continued during the month.

Yesterday 10:34 Pantheon Resources (PANR)
Quarterly Repayment of Unsecured Convertible Bonds
https://www.investegate.co.uk/pantheon- ... 34078082O/
it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the interest payment of US$0.4655 million (collectively, the "Quarterly Repayment") in respect of its senior unsecured convertible bonds due 2026 (the "Convertible Bonds") , through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement a total of 2,824,549 new ordinary shares...After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$44.10 million.

Yesterday 10:10 Challenger Energy (CEG)
Extension to publication of Final results for 2021
https://www.investegate.co.uk/challenge ... 10238063O/
AIM Regulation has granted the Company an additional period of up to three months to publish its annual audited accounts for the year ended 31 December 2021. This additional period is in view of the continuing adverse impact of COVID-19 in the Company's various countries of operation. The Company must therefore publish its annual audited accounts for the year ended 31 December 2021 by 30 September 2022, however, will endeavour to do so as soon as possible.

Yesterday 09:45 Victoria Oil & Gas (VOG)
Holding(s) in Company
https://www.investegate.co.uk/victoria- ... 45027899O/
On 09-Jun-2022, Askar Alshinbayev (Hong Kong) reduced from 23.48% to 18.44%.

Yesterday 09:45 Victoria Oil & Gas (VOG)
Holding(s) in Company
https://www.investegate.co.uk/victoria- ... 45027903O/
On 09-Jun-2022, Meridian Capital International Fund increased from 0% to 5.07%.

Yesterday 09:24 Longboat Energy PLC (LBE)
Holding(s) in Company
https://www.investegate.co.uk/longboat- ... 24457890O/
On 09/06/2022, AXA Investment Managers S.A. reduced from 5.00% to 4.24%.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#507623

Postby Hallucigenia » June 16th, 2022, 12:54 pm

NBP over £3 in a heatwave in June - all completely normal. (Freeport LNG said that they would be out for 3 months rather than 3 weeks)

Rockhopper are oversubscribed for a placing at a modest discount, Harbour announce $200m buybacks, NWF are making out like bandits in the current environment, PetroTal manage to get some oil to a port but their pipeline is still not fully open due to protests, Gazprom finally delist, Argentina relax currency controls for the likes of President, Petroneft prioritise exports but are cautious about capex in future - suspect sanctions are affecting their ability to do stuff?

I'll be away til Tuesday, so likely won't be able to update until then.

Brent=$116.74(June)              WTI=$113.68(June,Brent-3.06)   Nymex gas=$7.74(June)   
NBP =315p(June,Nymex+30.54) TTF=€144.000(July,Nymex+36.16) JKM=$33.905(August,Nymex+26.16)

Today 12:42 Southern Energy Corp (SOUC)
Directorate Change
https://www.investegate.co.uk/southern- ... 42521709P/
Paul Baay has agreed to join the Company's board of directors (the "Board") as a Non-Executive Director...Mr. Baay previously acted as a special advisor to Southern, and brings over 25 years of experience leading oil and gas exploration and production companies to the Board.

Today 10:20 DCC PLC (DCC)
2022 Annual Report, Notice of AGM and Proxy Form
https://www.investegate.co.uk/dcc-plc-- ... 20541359P/
The Annual General Meeting ('AGM') of DCC plc will be held at 11.00 a.m. on Friday, 15 July 2022 at The Powerscourt Hotel, Powerscourt Estate, Enniskerry, Co. Wicklow, A98 DR12, Ireland.

Today 08:00 Stock Exch Notice ()
Cancellation - PJSC Gazprom Neft
https://www.investegate.co.uk/stock-exc ... 00040308P/
the following security has been cancelled from admission to trading on London Stock Exchange with effect from the time and date of this notice.

Today 07:45 PAO Novatek (NVTK)
NOVATEK Obtains North-Yarudeyskiy Subsoil License
https://www.investegate.co.uk/pao-novat ... 45011125P/
Yargeo, NOVATEK's joint venture, won the auction for geological survey, exploration and production license for the North-Yarudeyskiy subsoil area. ...
The license area is located within the Yamal-Nenets Autonomous Area near Yarudeyskoye field. The North-Yarudeyskiy license area holds an estimated hydrocarbon resource potential of 93.5 million barrels of oil equivalent according to the Russian resource classification system.

Today 07:00 Rockhopper Exp plc (RKH)
Results of Placing and Subscription
https://www.investegate.co.uk/rockhoppe ... 00061106P/
The Company has raised aggregate gross proceeds of US$7 million (£5.75 million) through the successful Placing of, and Subscription for 82,182,776 Units in each case at the Issue Price of 7 pence per Unit. Each Unit comprises one New Ordinary Share and, for every two New Ordinary Shares subscribed for, one Warrant . This will result in the issue (subject to First Admission) of 82,182,776 New Ordinary Shares, and 41,091,388 Warrants.
The Issue Price of 7 pence represents a discount of 12.5 per cent. to the closing price on 14 June 2022, the last trading day prior to the announcement of the Capital Raise....
The Placing was oversubscribed and the Company, having taken into account the strong support received from existing and new investors, decided to increase the size of the Placing.

Today 07:00 Harbour Energy PLC (HBR)
$200 million buyback programme
https://www.investegate.co.uk/harbour-e ... 00050561P/
Harbour is pleased to announce today the commencement of a share buyback programme of the Company's ordinary shares for up to a maximum aggregate consideration of $200 million.

Today 07:00 NWF Group PLC (NWF)
Trading Statement
https://www.investegate.co.uk/nwf-group ... 00040408P/
The Group is pleased to report it has delivered a record year, in line with its trading update issued on 10 May 2022, and a materially stronger performance than had been expected at the beginning of the financial year. These results demonstrate both the resilience of the Group and its ability to deliver a good financial performance in volatile market conditions. Cash generation has remained strong and the Group was cash positive at the year-end, compared to reporting net debt last year.

Today 07:00 Hurricane Energy PLC (HUR)
Operational and Financial Update
https://www.investegate.co.uk/hurricane ... 00060615P/
As of 14 June 2022, Lancaster was producing c.8,700 bopd from the P6 well alone with an associated water cut of c.45%....As of 31 May 2022, the Company had net free cash(4) of $139 million compared to the last reported balance of $92 million as of 30 April 2022. $78.5 million of Convertible Bonds remain outstanding and are due to be repaid in July 2022. Following the repayment, assuming oil prices remain at over $90/bbl, at the end of July the Company is forecasting to be holding net free cash in excess of $75 million.

Today 07:00 Petroneft Resources (PTR)
Reporting & Operations Update
https://www.investegate.co.uk/petroneft ... 00050544P/
Due to the continued impact of Covid, the company has been granted an extension of up to three months for the reporting and filing of its financial results for the year ended 31st December 2021, such that it will publish these results as soon as possible, but by no later than 30th September 2022...Whilst the ongoing geopolitical situation is causing disruptions, to date the financial and operational performance of the Company's assets and business remain broadly in line with expectations....Current production is +/- 2,000 bopd (gross), with the Lineynoye field producing about 1,000 bopd, and Arbuzovskoye and Sibkrayevskoye fields each producing about 500 bopd. We are working to maximise export volumes which allow for larger net margins, due to lower domestic demand and prices...Preparations for the Cheremshanskoye development drilling program are ongoing, but at a more cautious rate due to the ongoing external environment.
[to what extent are they affected by not being able to import stuff?]

Today 07:00 Zephyr Energy PLC (ZPHR)
Non-operated asset portfolio drilling update
https://www.investegate.co.uk/zephyr-en ... 00060614P/
Zephyr's non-operated portfolio now consists of WIs in 219 wells, the vast majority of which are currently in production....
o Total consideration for the 11 acquired wells is circa US$301,000, which has been paid from existing cash resources..
· Zephyr's average WI across the 18 new wells is circa 1.4% per well, or a total aggregate of circa 24.4% of one net well, and are comprised of two and three-mile hydraulically stimulated horizontal wells...
· The Company expects all 18 of the new wells to be on production by the end 2022, resulting in an estimated 80,000 barrels of oil equivalent ("boe") reserve addition to Zephyr...
Zephyr now has working interests in 219 gross horizontal, hydraulically stimulated wells (circa 15 net wells) with an average WI of circa 6.7% across its portfolio.

Today 07:00 President Energy PLC (PPC)
Corporate and Commercial Update
https://www.investegate.co.uk/president ... 00050583P/
· Further Argentine bond issue of US$3.585 million at 3.89% p.a. interest rate
· Success for new well PG 13-1 at Puesto Guardian Concession, Argentina
· Argentina new law allowing oil producers to transfer dollar funds abroad under conditions
Realised prices for domestic sale of President's Salta crude continue to increase with prices currently US$66 per barrel, an increase of 12% from the start of the year .

Today 07:00 PetroTal Corp. (PTAL)
Sales Update
https://www.investegate.co.uk/petrotal- ... 00081109P/
Approximately 720,000 barrels of PetroTal's Bretana oil has now been successfully tendered at the Bayovar port by Petroperu for the July lifting. Following an accelerated and temporary re-opening of section II of the Northern Peruvian Pipeline ("ONP") which had been previously closed due to maintenance operations, Petroperu has been able to deliver a material amount of oil to Bayovar over recent weeks. This oil previously entered the ONP in 2020 and was part of the restructured oil sales arrangement with Petroperu, announced in late 2020, with the Company receiving approximately $45/bbl of value. PetroTal will receive the difference between this tender price and the restructured $45/bbl price in the contract, generating over $60 million of price adjustment revenue.
Petroperu recently informed PetroTal that it was able to temporarily pump all the oil from Station 5 (approximately 550,000 barrels) to the Bayovar port. The ONP section II has an approximate capacity of 2.1 million barrels with an estimated 82% being Bretana oil. Section I of the line between pump stations 1 and 5 remains closed due a maintenance delay from ongoing social protests in one community near pump station 1.

Today 07:00 Quadrise Fuels Intnl (QFI)
Issue of Warrants
https://www.investegate.co.uk/quadrise- ... 00050550P/
the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.

Yesterday 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27120522P/
They bought back 8,750,000 shares at 430.157p = £37,638,765.75

Yesterday 17:36 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 36370480P/
it had in issue 1,438,199,927 ordinary shares of GBP 0.10 each with voting rights.

Yesterday 16:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4857H9302/
They bought back 4,000,000 shares at £22.828 = £91,313,850

Yesterday 16:45 Rockhopper Exp plc (RKH)
Proposed Capital Raise
https://www.investegate.co.uk/rockhoppe ... 45070385P/
announces its intention to raise approximately US$4.5 million (approximately £3.7 million), before expenses, by way of a Placing and a proposed Subscription, in each case at an issue price of 7 pence per Unit (the "Issue Price"). Each Unit being offered comprises one New Ordinary Share and, for every two New Ordinary Shares subscribed for, one Warrant. Each Warrant gives the holder the right to subscribe for one new Ordinary Share at a price of 9 pence per Ordinary Share (the "Strike Price") at any time from the issue of the Warrants up to (and including) 5.00 p.m. on 31 December 2023 ..
The proceeds from the proposed Placing and Subscription are expected to provide the Company with sufficient working capital to the end of June 2023....
The Company estimates that additional funding of a minimum of US$4.5 million (approximately £3.7 million) would be sufficient to run the Company for the next 12 months, by which time the Company is hopeful that a decision will have been issued by the panel in relation to the Ombrina Mare Arbitration. Once that decision is known, the Company will be in a position to better determine its future funding requirements....
Under the ICSID Arbitration Rules, the tribunal has 120 days after closing to issue its award, extendable by 60 days (Rule 46). Any award issued by the tribunal must therefore be issued by 23 August 2022 or, if extended, 22 October 2022.

Yesterday 16:06 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 06140313P/
On 14-Jun-2022, Bank of America Corporation increased from 11.982% to 12.971%.

Yesterday 15:29 PJSC Tatneft (ATAD)
Payments to Governments Report 2021
https://www.investegate.co.uk/pjsc-tatn ... 29220279P/
Report on payments to governments for 2021 :
https://old.tatneft.ru/uploads/publicat ... 630870.pdf

Yesterday 15:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00050033P/
On 13-Jun-2022, Goldman Sachs Group, Inc. increased from 2.966% to 3.132%.

Yesterday 14:51 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Notice of Annual General and Special Shareholder Meeting and Management Information Circular
https://www.investegate.co.uk/falcon-oi ... 5110H9274/
will hold its Annual General and Special Shareholder Meeting via conference call on 14 July 2022 at 4:00 p.m. (Dublin time).

Yesterday 14:25 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 2500Z6505/
Total number of shares Number of voting rights exercisable at Shareholders' meetings May 31, 2022

Yesterday 14:25 Valeura Energy Inc. (VLU)
CLOSING OF GULF OF THAILAND ACQUISITION
https://www.investegate.co.uk/valeura-e ... 25030133P/
is pleased to announce it has completed the acquisition of the entire share capital of KrisEnergy International (Thailand) Holdings Ltd., as announced on April 28, 2022 (the "Acquisition")....Valeura is now the holder of an 89% operated working interest in Licence G10/48 containing the Wassana oil field and a 43% operated working interest in the planned Rossukon oil field development in Licence G6/481, in addition to its pre-existing interest in the Thrace basin tight gas appraisal play in Turkey. The Company's acquisition of the Mobile Offshore Production Unit Ingenium ("MOPU")1 on location at the Wassana oil field, is proceeding as expected, according to the agreed phased payment schedule....
The Acquisition constitutes a reverse takeover for the purposes of the Listing Rules of the Financial Conduct Authority ("FCA") and the Company has requested, in accordance with the Listing Rules, that the listing of the Company's common shares (the "Shares") on the standard segment of the Official List and trading in the Shares on the London Stock Exchange's main market for listed securities should be cancelled with effect from 8:00 a.m. UK time on or about July 14, 2022.
The Company's management continues to believe a listing on a London stock exchange will support Valeura's long-term strategy and can provide greater access to international investors. Valeura intends to continue to evaluate the merits of re-listing in London and will update shareholders in due course.

Yesterday 14:11 PJSC Gazprom Neft (GAZ)
Effective delisting date
https://www.investegate.co.uk/pjsc-gazp ... 11400119P/
Public Joint Stock Company Gazprom Neft ( "Gazprom Neft" or the " Company " ) (LSE: GAZ ; MOEX: SIBN ) announces today its intention to cancel trading of American Depositary Receipts (ISIN US36829G1076) (the "ADRs") representing interests in the Company's ordinary shares (the "Shares") on the London Stock Exchange(the "LSE") on the Admission to Trading Only basis.
An application has been made to the LSE for trading in the ADRs to be cancelled and such cancellation is expected to take effect at 8 a.m. London time on June 16, 2022. The Company notes that, on 3 March 2022, the admission to trading of the ADRs on the LSE was suspended.

Yesterday 13:31 Deltic Energy PLC (DELT)
Result of AGM
https://www.investegate.co.uk/deltic-en ... 31540080P/
portfolio focused on the Southern and Central North Sea, announces the results of the voting on the resolutions put to its Annual General Meeting held All resolutions put to shareholders at the meeting were successfully passed.

Yesterday 13:22 Igas Energy PLC (IGAS)
Result of AGM
https://www.investegate.co.uk/igas-ener ... 22130073P/
A poll was held on each of the resolutions and was passed by the required majority.

Yesterday 12:17 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 17269989O/
Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu...Purchase of 491,583 ordinary shares

Yesterday 11:55 Prospex Energy PLC (PXEN)
Result of AGM
https://www.investegate.co.uk/prospex-e ... 55119936O/
all resolutions at today's Annual General Meeting were passed.

Yesterday 11:16 Nostrum Oil & Gas (NOG)
Proposed Scheme of Arrangement of the Company
https://www.investegate.co.uk/nostrum-o ... 16479832O/
Further to the announcement issued by Nostrum Oil & Gas PLC ("Nostrum", or "the Company") on 11 May 2022 regarding the Practice Statement Letter distributed on that date in relation to the Scheme, notice is hereby given that the Company now anticipates that the Scheme Convening Hearing will take place at the Business and Property Courts in the High Court of Justice of England and Wales on 20 June 2022.

Yesterday 11:06 Oil and Gas Devt Co (OGDC)
Material Information
https://www.investegate.co.uk/oil-and-g ... 06279790O/
The Joint Venture of Guddu Block Comprising Oil & Gas Development Company Limited (OGDCL) as Operator (70%), SPUD Energy PTY Limited (SEPL) (13.5%), IPR Transoil Corporation (IPRTOC) (11.5%) & Government Holdings (Private) Limited (GHPL) (5%) has discovered Gas from an Exploratory well namely Umair South East # 01, which is located in District Ghotki, Sindh Province....successful Drill Stem Test-1 in HRL has tested 1.063 Million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64'' at Well Head Flowing Pressure (WHFP) of 210 Pounds per Square Inch (PSi).

Hallucigenia
Lemon Quarter
Posts: 1335
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#507804

Postby Hallucigenia » June 17th, 2022, 7:21 am

We're officially in the summer doldrums now, presumably everybody is at Ascot. Officially no news at 7am, only thing of real note is Harbour starting their buybacks and the pullback in gas prices.

Brent=$119.54(June)              WTI=$117.32(June,Brent-2.22)   Nymex gas=$7.38(June)   
NBP =233.62p(June,Nymex+21.31) TTF=€120.000(July,Nymex+29.60) JKM=$34.650(August,Nymex+27.27)

Today 07:00 Capricorn Energy PLC (CNE)
Block listing Interim Review
https://www.investegate.co.uk/capricorn ... 00062693P/

Today 07:00 EnQuest PLC (ENQ)
Board Change
https://www.investegate.co.uk/enquest-p ... 00062680P/
Martin Houston has notified the Board of his intention to step down as Non-Executive Chairman to focus on his other business interests. Martin has been Chair of the Board since 1 October 2019.

Yesterday 18:20 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 20072127P/
Buy back about 750k shares at 382p

Yesterday 18:11 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 11012142P/
They bought back 9,500,000 shares at 409.593p = £38,911,304.50

Yesterday 17:58 Igas Energy PLC (IGAS)
Additional Listing
https://www.investegate.co.uk/igas-ener ... 58392129P/
The Company announces that an application has been made to the London Stock Exchange for 21,850 ordinary shares of 0.002p each ("Ordinary Shares") to trade on the AIM market...The application has been made in respect of Ordinary Shares which were issued following the exercise of options under the Company's Management Retention Plan ("MRP"), however, due to an administrative oversight, the issuance of the Ordinary Shares has not previously been announced, nor has an application been made for the shares to be admitted to trading on AIM. It is expected that admission will become effective by 22 June 2022.
Oops.

Yesterday 17:30 Capricorn Energy PLC (CNE)
Form 8 (OPD) (Capricorn Energy PLC - Offeree)
https://www.investegate.co.uk/capricorn ... 30512057P/
FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Yesterday 16:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5338H9531/
They bought back 4,000,000 shares at £21.826 = £87,304,350

Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35191995P/
https://uk.finance.yahoo.com/quote/TTE.L/chart
Hmm - majors aren't meant to get PMEs. Nothing obvious on the Yahoo chart anyway, looks like a data glitch somewhere.

Yesterday 14:55 Igas Energy PLC (IGAS)
Block Listing Six Monthly Return
https://www.investegate.co.uk/igas-ener ... 55511913P/

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#508830

Postby Hallucigenia » June 22nd, 2022, 1:40 pm

Commodity markets are calming down a bit, Phoenix' 84% shareholder wants to buy out the minorities (good riddance), Chariot looks solid, Jadestone have a production glitch whilst IOG recover from theirs, Upland are unsuspended, Providence give away 10% of the company at a 35% discount, and is something up at Tlou?

Brent=$109.57(June)              WTI=$104.19(July,Brent-5.38)   Nymex gas=$6.73(June)   
NBP =208.51p(June,Nymex+18.80) TTF=€130.000(July,Nymex+33.37) JKM=$37.325(August,Nymex+30.60)


Today 12:38 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 38018259P/
On 21 June 2022, Richard Griffiths and controlled undertakings (St Helier, Jersey) reduced from 4.41% to < 3.00%.

Today 12:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00007992P/
On 17-Jun-2022, The Goldman Sachs Group, Inc. reduced from 3.377% to 2.789% and adjusted their shares vs other formats.

Today 10:48 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 48428013P/
On 21/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 15.41% to 14.46%.

Today 10:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00006970P/
On 16-Jun-2022, The Goldman Sachs Group, Inc. increased from 3.132% to 3.377%.

Today 09:26 Nostrum Oil & Gas (NOG)
2021 Report on Payments to Governments
https://www.investegate.co.uk/nostrum-o ... 26007747P/
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today publishes an overview of payments to governments made by Nostrum and its subsidiary undertakings in 2021.

Today 08:32 Caspian Sunrise plc (CASP)
UK High Court confirms Capital Reduction
https://www.investegate.co.uk/caspian-s ... 32497714P/
the UK High Court yesterday confirmed the Capital Reduction approved by Caspian Sunrise shareholders on 22 April 2022. Accordingly, the Company will now cancel its share premium and deferred shares, which will create positive distributable reserves and remove the last technical block to the future declaration of dividends.

Today 08:14 SDX Energy PLC (SDX)
Grant of extension for posting of Scheme Document
https://www.investegate.co.uk/sdx-energ ... 14567700P/
On 25 May 2022, the boards of directors of Tenaz and SDX announced (the " Firm Offer Announcement ") that they had reached agreement on the terms of a recommended share-for-share combination between Tenaz and SDX...The directors of SDX and Tenaz have sought an extension to the deadline for posting the Scheme Document from the Panel. The Panel has granted such an extension to 5.00 p.m. (London time) on Tuesday 5 July 2022. It is still expected that the Tenaz Circular, which will contain notice of the Tenaz Special Meeting, will be filed and mailed to Tenaz Shareholders on or around the same date as the Scheme Document is posted to SDX Shareholders.

Today 07:34 Phoenix Global Res (PGR)
Response to share price movement
https://www.investegate.co.uk/phoenix-g ... 34357644P/
The Board of Phoenix notes the recent share price movement and confirms that an independent committee of the Board of directors of Phoenix (the "Independent Committee") is in discussions with the Company's 84% shareholder, Mercuria Energy Group Limited ("Mercuria"), regarding a possible cancellation of the Company's admission on AIM and trading on the Buenos Aires Stock Exchange and related cash exit opportunity for other shareholders in the Company ("Minority Shareholders"), who may not wish to remain shareholders in the Company following any such cancellation...Mercuria has communicated to the Company its intention to offer a purchase price of 7.5 pence for each Phoenix share in cash, being a 25 per cent. premium to the closing mid-market price per ordinary share and a c.50 per cent. premium to the 30-day VWAP...These discussions remain at a preliminary stage and a further announcement will be made in due course.

Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05037632P/
They bought back 17,983 shares at 215.08p = £38,677.84

Today 07:00 Chariot Limited (CHAR)
2021 Final Results
https://www.investegate.co.uk/chariot-l ... 00067104P/
· Further to the successful equity fundraising of US$25.5m and $4 million Open Offer announced in June 2022, the Company is well financed to take the Anchois Gas Project through to FEED and FID, in addition to progressing the Company's wider asset portfolio.
· Oversubscribed equity fundraising completed in December 2021.
o Year end cash position as at 31 December 2021 of $19.4 million with no debt and minimal remaining work commitments.
Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.
Chariot is also partnering with the Government of Mauritania on the potential development of a 10GW green hydrogen project, Project Nour...
Last year our target was to secure a pipeline of power supply projects of 500MW however, we have now doubled our scope and target reaching 1GW by the end of 2022. The hydrogen market is already becoming a key component of the energy transition with Goldman Sachs estimating a €10 trillion market by 2050. While still nascent, we believe hydrogen will be a foundational energy source of the future and are progressing our initial project in Mauritania that has the potential to produce 10GW by 2030...
The fundraise completed in June 2022 of US$29.5 million means Chariot is funded to accelerate the FEED programme to FID,and fast-track to cashflows from production into the gas hungry Moroccan and European markets. There is much hard work ahead as we enter into the next phases of the project including negotiations on gas sales and project finance but we move forward encouraged and emboldened by a highly successful drilling result which has potentially opened up a new gas basin and a much larger resource base than pre-drill estimates had planned for. We are equally enthused by the progress being made in the Transitional Power business as two world class projects have already been announced in early 2022 which demonstrate the bank of projects in the pipeline being accelerated in partnership with Total Eren. We will also look to strategically partner at the subsidiary level within the Transitional Power business.

Today 07:00 Eco (Atlantic) O&G (ECO)
Operations Update: Gazania, Block 2B, South Africa
https://www.investegate.co.uk/eco--atla ... 00067113P/
provides an update on the operations for its planned Gazania-1 Well, offshore South Africa. Eco through its wholly owned subsidiary Azinam South Africa Limited Operates and holds a 50% working interest ("WI") in Block 2B, plans to spud the Gazania-1 well, 25km offshore the Northern Cape in South Africa in September 2022. The well will take approximately 25 days to drill....
We are currently on schedule to mobilize out of Norway in the third week of July and spud early in September. We anticipate approximately three to four weeks on site to drill the test well and then regardless of our findings we will seal off the well, ensure the site is completely restored and move off. Eco has chosen a majority of available South African services and will base its operations from Cape Town. This is an exciting opportunity and holds the potential of establishing a new over 300 million barrels light oil resource."

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00076872P/
On 20-Jun-2022, BlackRock, Inc. reduced from 5.38% to 5.18%.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00077116P/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Oil and Gas Devt Co (OGDC)
GAS DISCOVERY AT KALERI SHUM 01
https://www.investegate.co.uk/oil-and-g ... 00037615P/
During Drill Stem Test (DST)-1 in Parh & Fortmunro/Mughalkot formations, the well flowed at a rate of 1.24 Million Standard Cubic Feet per Day (MMSCFD) Gas, through choke size 32/64'' at Well Head Flowing Pressure (WHFP) of 220 Pounds per Square Inch (PSI). DST-2 into Fortmunro/Mughalkot Formations, the well tested 0.489MMSCFD Gas through choke size 32/64'' at WHFP of 300PSI. The well also tested 0.192 MMSCFD Gas from Pab Sandstone during DST-3 through choke size 32/64'' at WHFP of 10-75PSI. DST-4 conducted Ranikot Formation, the well tested 0.16MMSCFD Gas through choke size 32/64'' at WHFP of 100-130 PSI.

Today 07:00 Oil and Gas Devt Co (OGDC)
OIL AND GAS DISCOVERY AT NIM EAST 1
https://www.investegate.co.uk/oil-and-g ... 00037613P/
Nim East-1 was spudded in on 21st March 2022 as an exploratory well by using OGDCL's in-house expertise and in close collaboration with GHPL team. The well was drilled down to 2573 m. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 1400 Barrels of Oil per Day (BOPD) and 5.02 Million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64'' at Well Head Flowing Pressure (WHFP) of 1820 Pounds per Square Inch (psi).

Today 07:00 Savannah Energy Plc (SAVE)
First Gas Sales to FIPL's Trans Amadi Power Plant
https://www.investegate.co.uk/savannah- ... 00077146P/
is pleased to announce that Accugas Limited ("Accugas"), the Company's 80% indirectly owned subsidiary, has commenced gas sales to First Independent Power Limited's ("FIPL") Trans Amadi power plant in Port-Harcourt, Nigeria.

Today 07:00 Wentworth Resources (WEN)
Operational Update
https://www.investegate.co.uk/wentworth ... 00057021P/
Following record production achieved in 2021, Wentworth and its joint venture partners continued to realize strong production rates throughout 2022,recording an average production rate of 92 MMscf/d year to date. The five producing wells in the Mnazi Bay field and the associated joint venture operated facilities continued to perform well and without issues. Furthermore, the reductions in natural gas demand typically seen during the wetter months, April and May, were less severe and shorter, compared to previous years. The Company's production guidance for the year, provided in January 2022, remains unchanged at 75 - 85 MMscf/d....
With the Company's recent agreement to acquire Scirocco Energy plc's 25% interest in the Ruvuma PSA, Wentworth is pleased to report that work on the 338 km2 3D seismic, over the discovery and potential development area, is progressing positively and is intended to provide data critical to the development of the field and to optimize further drilling locations. The operator, ARA Petroleum Tanzania, has indicated that the Chikumbi-1 well will be drilled following the completion of the seismic programme and that first gas from the project is possible by late 2024
· Average daily production year to date is 92.2 MMscf/day (gross), compared with 79.9 MMscf/day (gross) during the same period in 2021
· Record quarterly average daily production of 98.5 MMscf/day (gross) achieved in Q1 2022
· Declared a final dividend in respect of FY 2021 of 1.16 pence per share ($2.6 million); a total dividend distribution in respect of 2021 of 1.7 pence per share ($4.0 million) representing an increase from 2020 ($3.8 million) and a yield of approximately 7.1% (based on current market capitalisation)
· Debt free with cash on hand of $26 million

Today 07:00 Clontarf Energy PLC (CLON)
Preliminary Results for the Year Ended 31 Dec 2021
https://www.investegate.co.uk/clontarf- ... 00057051P/
When the dust settles after the Sasanof-1 well, Clontarf Energy plc and its partners will consider the economics of drilling the deeper targets, especially the Jurassic Kingsburgh Upper and Lower (each of which has potentially 2 tcf of gas-in-place). There is also estimated to be in the mid-depth Triassic Mungaroo Hyperno over one tcf of gas-in-place, albeit with a higher expected recovery ratio (75%)....
It is important to note that funding for the Sasanof-1 well (£3.5 million) was provided by local Australian investors who invested at a 25% premium to the then bid price of our shares (when the funding process began). We believed that we would struggle to raise such funding from traditional London investors, while institutional investors might expect a discount for a strategy to seek out opportunities without having a defined investment.
Accordingly, we are now evaluating further Australian prospects, in addition to the deeper prospects on WG-519-P. These include additional offshore prospects acquired by our partners Western Gas from the original Hess portfolio (on which Hess had invested circa $1.5 billion, before pulling out in the oil-price depression of 2015, in order to concentrate on the mega Guyana discoveries, as part of a widespread industry restructuring). There are also interesting onshore plays - especially in the Canning basin - which have been neglected due to the oil majors' focus on offshore opportunities...
As expected, demand for lithium, specifications and lithium prices have surged. In Bolivia we hope to conclude a Technical Cooperation Agreement on a systematic mapping exercise shortly. Clontarf Energy did not participate in the pilot plant testing of Direct Lithium Extraction technologies in Bolivia, since Clontarf is a user of such services rather than a services provider. Our proposal is to explore and develop mid-sized Bolivian lithium salt-lakes....
To provide maximum flexibility with regards to future funding we are proposing to change the nominal value of existing shares from 0.25p to 0.01p per ordinary share and 0.24p deferred share as set out in Resolution 5 (and Resolution 6) in the notice of the Company's forthcoming Annual General Meeting. This has no impact on the market value of existing shares or the number of shares in issue.

Today 07:00 Global Petroleum Ltd (GBP)
Operational Update
https://www.investegate.co.uk/global-pe ... 00057039P/
Global now notes the confirmation by TotalEnergies that it plans to drill an appraisal well on the Venus discovery in the third quarter of 2022. Following this, it has also been reported that TotalEnergies plans to test both the appraisal well and the original discovery well, Venus-1X....Although no formal announcement has been made by Shell, reports suggest that Graff and La Rona have discovered significant volumes of oil and gas in two reservoirs. Shell has stated that it will drill more appraisal and exploration wells in order to prove commerciality and to design the optimal development plan....Global believes that there is commonality of both source and reservoir between the two discoveries in the Orange Basin and PEL 94....
'Plan for Sustainable Energy Transition of Appropriate Areas' ("Plan") came into effect in Italy in February 2022....A key structural component of the Plan is the provision that in future only exploration for gas (as opposed to oil) will be permitted in Italy, both onshore and offshore....Notwithstanding the Company's reservations as to the practicality of gas-only exploration - a reservation which Global believes is widely shared within the Energy Industry and beyond...the Italian Ministry of Ecological Transition has now informed Global that the Company's exploration objectives in the Applications are in compliance with the provisions of the Plan, and that there is no impediment to the continuation of the process (towards eventual award of the exploration permits).

Today 07:00 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 00067089P/
Gulf Keystone confirms that a gross payment of $62.0 million ($48.5 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during March 2022.

Yesterday 18:30 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 30067047P/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 18:13 Nostrum Oil & Gas (NOG)
Issue of Explanatory Statement
https://www.investegate.co.uk/nostrum-o ... 13117056P/
the Court has made an order granting the Company permission to convene the Scheme Meeting.

Yesterday 18:01 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 01077037P/
the total number of shares in the capital of the Company as at 21 June 2022 was as follows:

Yesterday 17:26 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 26486991P/
They bought back 13,000,000 shares at 396.611p = £51,559,458.00

Yesterday 17:20 OMV Petrom S.A. (PETB)
EB resolution - share capital increase
https://www.investegate.co.uk/omv-petro ... 20036874P/
OMV Petrom S.A. announces that, based on the authorization received from the Extraordinary General Meeting of Shareholders dated 27 April 2022, the Executive Board approved the share capital increase, as follows: · RON 120,660,239.20 in exchange of 1,206,602,392 new shares, representing the in-kind contribution of the Romanian State

Yesterday 17:15 OMV Petrom S.A. (PETB)
OGMS convening notice - special dividends
https://www.investegate.co.uk/omv-petro ... 15036870P/
OMV Petrom S.A. announces that today, the Executive Board's proposal for distribution of special dividends published on June 14, 2022, namely a gross special dividend of RON 0.0450/share, was approved by the Supervisory Board and will be submitted for approval to the Ordinary General Meeting of Shareholders convened on July 26, 2022

Yesterday 16:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5025H0359/
They bought back 4,329,966 shares at £21.434 = £92,808,271

Yesterday 16:36 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 36036911P/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's soared +16% with a spike to +20%. Over the last 2 weeks it's jumped +18.4% with a spike to +22%.

Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35186905P/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's soared +21.5% with a spike to +22%. Over the last 2 weeks it's ended in the usual range but at one point spiked down to -14.6%.

Yesterday 15:48 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 48376875P/
On 21-Jun-2022, YF Finance Limited reduced from 11.96% to 5.98%.

Yesterday 15:47 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 47166873P/
On 21-Jun-2022, Askar Alshinbayev (Hong Kong) increased from 0% to 5.98%.

Yesterday 15:01 Velocys PLC (VLS)
Results of Annual General Meeting
https://www.investegate.co.uk/velocys-p ... 01306795P/
at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed by means of a Poll.

Yesterday 14:53 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 53076786P/
On 20/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 16.82% to 15.41%.

Yesterday 14:41 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 41246764P/
On 20-Jun-2022, David and Monique Newlands increased from 9.08% to 10.05%.

Yesterday 14:14 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 14426739P/
On 17-Jun-2022, Bank of America Corporation increased from 17.041% to 18.275%.

Yesterday 11:00 Block Energy PLC (BLOE)
Price Monitoring Extension
https://www.investegate.co.uk/block-ene ... 00446340P/
https://uk.finance.yahoo.com/quote/BLOE.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's down -24%.

Yesterday 07:00 Longboat Energy PLC (LBE)
Investor Presentation
https://www.investegate.co.uk/longboat- ... 00075487P/
is pleased to announce that, following the Annual General Meeting on Thursday 23 June 2022, it intends to present an updated corporate presentation via the Investor Meet Company platform. The online presentation will take place at 11.30am and is open to all existing and potential shareholders.

Yesterday 07:00 Reabold Resources (RBD)
West Newton Conceptual Development Plan
https://www.investegate.co.uk/reabold-r ... 00035475P/
is pleased to provide an update on the West Newton Project, in which the Company owns a 56% economic interest.
· Conceptual plan (subject to funding) envisages a phased eight well gas development, which will target recoverable hydrocarbon volumes of 35 Mboe with a sales gas component of 203 Bcf
o Following an initial five well development drilling campaign, First Gas is anticipated as early as 2025
o A further three wells will be drilled in 2028-2030, modelling plateau production rates of 44 Mcfd of sales gas
o Economic modelling calculated a Gross pre-tax NPV(10) of $448 million and a pre-tax IRR of 87%, based on recoverable sales gas and small volumes of associated liquids, for the development
o Completion of a Competent Persons Report ("CPR") by RPS Group in Q3 2022
o First development well, planned for H1 2023 to materially de-risk the project at modest cost

Yesterday 07:00 Union Jack Oil PLC (UJO)
West Newton PEDL183 Conceptual Development Plan
https://www.investegate.co.uk/union-jac ... 00025335P/
is pleased to announce details of a conceptual development plan for West Newton, in which the Company has a 16.665% interest .

Yesterday 07:00 United Oil & Gas PLC (UOG)
Egypt Drilling Update
https://www.investegate.co.uk/united-oi ... 00024838P/
is pleased to announce the spudding of the Al Jahraa-14 development ("AJ-14") well in the Abu Sennan licence, onshore Egypt...
The well is expected to take approximately 60 days to drill and complete and is fully funded from operational cashflow...
The comprehensive testing programme on the ASV-1X well that was announced on 30 May 2022 is continuing, with a rig-less testing unit and downhole pump being put in place following the rig move to the AJ-14 location. A further update will be provided on completion of the test programme.

Yesterday 07:00 Scirocco Energy PLC (SCIR)
Letter to Shareholders re Ruvuma Disposal
https://www.investegate.co.uk/scirocco- ... 00025318P/
Alastair Ferguson, Non-Executive Chairman, has written a letter to all shareholders providing additional context on the Board's strategic rationale for its proposed transaction with Wentworth Resources as announced on 13 June 2022.

Monday 18:00 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00015461P/
it received a notice to exercise 1,551,827 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$290,036.46 in respect for the warrants exercised.

Monday 17:40 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 4000Z3602/
€249m

Monday 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40565443P/
They bought back 10,000,000 shares at 387.327p = £38,732,704.00

Monday 17:21 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 21205393P/
On 17th June 2022, The David A. Segel Trust increased from 0% to 5.10%.

Monday 17:15 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 15505390P/
On 17th June 2022, The CS Living Trust increased from 0% to 5.10%.

Monday 17:13 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 13435387P/
On 17th June 2022, David and Christina Segel Living Trust reduced from 9.58% to 0%.

Monday 16:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5647H0125/
They bought back 4,535,111 shares at £21.039 = £95,414,064

Monday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35495331P/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +30%.

Monday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35465330P/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's dropped -15.6% having touched -16%.

Monday 13:37 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 37325111P/
11,565 share units (in the form of ordinary shares) awarded under the bp Share Value Plan

Monday 13:12 Rockhopper Exp plc (RKH)
Holding(s) in Company
https://www.investegate.co.uk/rockhoppe ... 12255074P/
On 20-Jun-2022, RAB Capital Holdings Limited increased from 4.15% to 5.36%.

Monday 10:33 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 33094615P/
Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu...Purchase of 716,809 ordinary shares

Monday 09:00 Jadestone Energy PLC (JSE)
Price Monitoring Extension
https://www.investegate.co.uk/jadestone ... 00394519P/
https://uk.finance.yahoo.com/quote/JSE.L/chart
On the day it's collapsed -11.7% having touched -20%. Over the last 2 weeks it's dropped -22.8% having touched -30%.

Monday 07:31 Vaalco Energy Inc (EGY)
Investor Event
https://www.investegate.co.uk/vaalco-en ... 31333880P/
is scheduled to participate in the 8th Annual Roth London Conference to be held in London, United Kingdom on June 21-23, 2022.

Monday 07:00 Chariot Limited (CHAR)
Chariot Awards FEED Contract for Anchois Project
https://www.investegate.co.uk/chariot-l ... 00053859P/
is pleased to announce that it has signed a front-end engineering and design ("FEED") agreement ("Agreement") with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco.

Monday 07:00 Vaalco Energy Inc (EGY)
Report on Payments to Governments 2021
https://www.investegate.co.uk/vaalco-en ... 00063882P/
The following report provides an overview of payments made to governments by VAALCO Energy, Inc. and its affiliated companies for the year ending December 31, 2021 [Gabon taxes/royalties and a bit in UK/US]

Monday 07:00 IOG PLC (IOG)
Corporate Update
https://www.investegate.co.uk/iog-plc-- ... 00064341P/
Saturn Banks production continues to be restored as planned, up to 54 mmscf/d gross currently from 30 mmscf/d at the start of June. We are taking the necessary actions both to improve facilities uptime and minimise restart times after any outages. Allowing for planned and unplanned downtime, we expect to produce 45-60 mmscf/d gross on average over 2H22....We expect 2022 opex to be 10-15p/therm.... the 24" extension of the Saturn Banks Pipeline System to Southwark has been successfully laid, while drilling of the Southwark East well is at an advanced stage. With Southwark expected onstream in Q4, we aim to exit 2022 with a higher, more diversified production stream....As the government encourages reinvestment in the North Sea to support energy security, we also have a clear view of value-adding new licence targets, alongside other business development opportunities under active evaluation....
After Southwark, the Noble Hans Deul is contracted to drill both the Goddard and Kelham North/Central appraisal wells in direct continuation

Monday 07:00 Jadestone Energy PLC (JSE)
Montara Operations Update
https://www.investegate.co.uk/jadestone ... 00064352P/
On 17 June 2022 during routine production and crude oil cargo operations, crude oil was being transferred between two crude oil tanks onboard the Montara Venture FPSO. During the transfer, oil was observed on the surface of the sea adjacent to the FPSO. Transfer operations were ceased immediately and production from the Montara fields was shut in as a precautionary measure....an ROV confirmed a small 30mm diameter hole in the bottom of the tank...The volume of released oil is estimated at three to five cubic metres, which was monitored and had fully dispersed by the morning of 19 June 2022....Jadestone's preliminary estimate is that it will take approximately four weeks to complete the tank inspection and effect repairs sufficient to re-commence production at Montara...On the basis that full production from the Montara fields can be restarted as estimated, Jadestone expects that full-year 2022 production would be around the lower end of the previously announced guidance range of 15,500 - 18,500 boe/d.

Monday 07:00 Plexus Holdings Plc (POS)
Secures Oceaneering Order
https://www.investegate.co.uk/plexus-ho ... 00053813P/
is pleased to announce that it has been awarded a Purchase Order for Plug and Abandonment ('P&A') equipment and services from Oceaneering International Services Limited...This order is estimated to generate revenues of circa £500,000 for Plexus in calendar year 2023, and has the potential to lead to other similar work in the North Sea and internationally both with Oceaneering and other customers.

Monday 07:00 Rockhopper Exp plc (RKH)
Open Offer Timetable
https://www.investegate.co.uk/rockhoppe ... 00063883P/
further to the announcements made on 15 June 2022 and 16 June 2022 concerning the proposed Capital Raising, the Circular containing further details of the Open Offer, together with an Open Offer Application Form for Qualifying Non-CREST Shareholders, will be posted to Shareholders later today...
1 Open Offer Unit for every 8 Existing Ordinary Shares held by Qualifying Shareholders
Each Open Offer Unit will comprise one Open Offer Share and, for every two Open Offer Shares subscribed for, one Warrant.

Monday 07:00 TransGlobe Energy (TGL)
TransGlobe Energy Corporation Operations Update
https://www.investegate.co.uk/transglob ... 00053855P/
· Production averaged 12.1 MBoepd in Q2, 2022 to 11 June (See "Oil & Gas Advisories" for production by product type);
· Full Canadian production restored in May following completion of planned maintenance at a major processing plant owned by a third party. Canadian June production has averaged 2,727 boed for the month to 11 June following the turnaround...
The Company's operations continue to be in-line with plan, with both Egypt and Canada generating production within guidance. Canadian production was curtailed for part of April and much of May as a result of planned third party plant maintenance which was completed on schedule.
A full (~451 MBbls) cargo lifting was completed in the second quarter. While the proceeds for this recent lifting were the highest realized since 2014, we also experienced a higher Brent differential as compared to recent liftings which appears to be related to increased supply being available to the blend's traditional buyers.

Monday 07:00 Union Jack Oil PLC (UJO)
US$7 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00043676P/
is pleased to announce that material landmark net revenues of US$7,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% economic interest in this development.
· At 20 June 2022, cash balances and short term receivables stood at in-excess of £8,400,000
· Union Jack expects to report a maiden profit for the forthcoming unaudited half year results ending 30 June 2022

Monday 07:00 Upland Resources Ltd (UPL)
Restoration of Trading
https://www.investegate.co.uk/upland-re ... 00063895P/
is pleased to announce the lifting of the temporary suspension and the restoration of trading in its ordinary shares on the Main Market of the London Stock Exchange....
The technical work presently being carried out work for on IMF 2478 is intended to mature the Dunrobin prospect ahead of a potential drilling decision and or engagement with potential drilling partners...
The Company has also determined that progression of farm-out efforts for its highly prospective Tunisian licence to be a priority and intends to continue discussions with interested parties, as well as opening discussions with new potential partners; as such the Company will update accordingly....
The Company continues in its efforts to secure attractive licences in mature onshore and offshore basins with proven petroleum systems. In particular the Company is pursuing an attractive exploration block in Sarawak....
The Company is in process of restructuring the management team and is presently in consultation with some high calibre candidates.

Friday 17:57 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 57343772P/
They bought back 10,000,000 shares at 396.105p = £39,610,542.00

Friday 17:49 Providence Resources (PVR)
Result of Fundraising (Amendment)
https://www.investegate.co.uk/providenc ... 49593764P/
A number of non material typographical changes have been made to the 'Result of Fundraising' announcement released on 17/06/2022 at 16:31 under RNS No 3597P....
announced earlier today details of a Fundraising to raise approximately US$1.8 million (before expenses) through the issue of Placing Securities and Subscription Securities (each of which shall comprise one New Ordinary Share and one STG1.5p Warrant) at a price of STG£0.015...the Bookbuild has been completed and the Company has, conditionally, raised gross proceeds of $1.8 million...a total of 96,999,009 New Ordinary Shares will be issued pursuant to the Fundraising, representing less than 10 per cent of the Company...The Issue Price represents a discount of 35 per cent. to the closing price of STG£0.023 on 16 June 2022

Friday 16:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5018H9729/
They bought back 4,278,000 shares at £21.089 = £90,220,310

Friday 16:37 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 37113626P/
https://uk.finance.yahoo.com/quote/TLOU.L/chart
On the day it's jumped +14.8% with a spike to +24%. Over the last 2 weeks it's been in the usual range.

Friday 16:27 Nostrum Oil & Gas (NOG)
Notice of Scheme Convening Hearing
https://www.investegate.co.uk/nostrum-o ... 27453594P/
notice is hereby given that the Scheme Convening Hearing is scheduled take place before Mr Justice Meade in The Rolls Building, Court 11 at 2:00 pm BST on 20 June 2022 at the Business and Property Courts in the High Court of Justice of England and Wales....the Company will seek an order granting it certain directions in relation to the Scheme, including permission to convene a meeting for the Scheme Creditors for the purpose of considering, and, if thought fit, approving the Scheme.

Friday 16:17 Egdon Resources PLC (EDR)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/egdon-res ... 17543586P/
received notice of the exercise of Warrants and can advise the issue of new Ordinary Shares in the Company of 1p each ("Ordinary Shares") as follows.

Friday 15:22 EnQuest PLC (ENQ)
AGM Statement
https://www.investegate.co.uk/enquest-p ... 22063428P/
EnQuest announces that at the Company's Annual General Meeting held today, all resolutions set out in the Notice of Annual General Meeting and put to the meeting were passed by the requisite majority by way of a poll. The results of the poll are set out below. The number of ordinary shares in issue is 1,885,924,339 .

Friday 14:30 PAO Novatek (NVTK)
NOVATEK Signs Agreements with Russia's Regions
https://www.investegate.co.uk/pao-novat ... 30053370P/
PAO NOVATEK ("NOVATEK" or the "Company") signed small-scale LNG cooperation agreements with the Governments of the Moscow and Samara Regions.

Friday 14:00 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 00173335P/
https://uk.finance.yahoo.com/quote/TLOU.L/chart
On the day it's jumped +14.8% with a spike to +24%. Over the last 2 weeks it's been in the usual range.

Friday 11:50 PAO Novatek (NVTK)
Agreement on Sustainable Development with Gazprom
https://www.investegate.co.uk/pao-novat ... 50043114P/
Leonid Mikhelson, Chairman of the Management Board of NOVATEK, and Alexey Miller, Chairman of the Management Committee of Gazprom, signed an Agreement on Cooperation in Sustainable Development of the Russian Federation Arctic Zone.
The parties intend to cooperate in environment protection, biodiversity preservation, environmental monitoring, standardization in the area of environmental safety, hydrogen energy and support of the indigenous peoples of the North.

Friday 10:45 Providence Resources (PVR)
Proposed Fundraising
https://www.investegate.co.uk/providenc ... 45052903P/
announces its intention to conditionally raise up to approximately $1.8 million (before expenses) (the "Fundraising") through the issue of Placing Securities and Subscription Securities (each of which shall comprise one New Ordinary Share and one 1.5p Warrant) at a price of STG£0.015 each

Friday 09:40 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 40542762P/
On 14/06/2022, Sebastian Marr (London, UK) increased from 4.96% to 6.73%

Hallucigenia
Lemon Quarter
Posts: 1335
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Re: Hal's oily roundup

#509005

Postby Hallucigenia » June 23rd, 2022, 11:16 am

Zephyr and ADM announce results - meh. Sound make progress on financing Tendara, Oilex ready to refrac Cambay C-77H, Great Eastern are now allowed to do shale on their Raniganj (South) lease (presumably instead of CBM?), NSTA publish their report on Orcadian's proposals for the Platform Electrification competition whilst Petrom are getting into rapeseed avgas.

Brent=$109.61(June)           WTI=$104.38(July,Brent-5.23)    Nymex gas=$6.73(June)   
NBP =195p(June,Nymex+17.07) TTF=€136.455(July,Nymex+35.30) JKM=$37.110(August,Nymex+30.38)

Today 10:15 WOOD GROUP (JOHN) PLC (WG.)
Result of AGM
https://www.investegate.co.uk/wood-grou ... 1500P01CE/
At the Annual General Meeting of John Wood Group PLC held on 22 June 2022, all resolutions put to shareholders were passed on a poll with the required majorities.

Today 10:02 Orcadian Energy PLC (ORCA)
Report on carbon emissions solution for North Sea
https://www.investegate.co.uk/orcadian- ... 02109519P/
is pleased to announce that the North Sea Transition Authority ("NSTA") published, this morning, the full report prepared by the Company and its partners, for the Platform Electrification competition launched in September 2021...The full report and a summary are available from the Company's website.

Today 09:30 OMV Petrom S.A. (PETB)
OMV Petrom - start of SAF production at Petrobrazi
https://www.investegate.co.uk/omv-petro ... 30599502P/
OMV Petrom, the largest integrated energy company in Southeastern Europe, will produce sustainable aviation fuel at the Petrobrazi refinery by co-processing locally produced rapeseed oil. The first test run volumes are estimated for July, this year. The product will help reduce the CO 2 emissions from commercial flights....Our goal is that, in 2030, to have an annual combined production of SAF and HVO (hydrotreated vegetable oil) of about 450 thousand tons.

Today 08:55 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 55469398P/
On 20-Jun-2022, Bank of America Corporation increased from 18.275% to 18.609%.

Today 07:21 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 21429312P/
They bought back 17,578 shares at 213.43p = £37,516.73

Today 07:00 Zephyr Energy PLC (ZPHR)
Final Results
https://www.investegate.co.uk/zephyr-en ... 00068764P/
A transformational period in which Zephyr evolved from a single project exploration company into a self-sustaining, cash generating, oil producing group with a balanced portfolio of operated and non-operated assets in two established U.S. oil producing basins....
o 2P Reserves: First Paradox Basin Proved Reserves of 2.1 million barrels of oil equivalent ("boe")
o 2C Resources: 27 million boe
o Prospective resources from overlying reservoirs: 203 million net unrisked boe (68 million boe risked with a weighted-average 33% chance of success)
...the Company now has a cash-generative non-operated portfolio with working-interests in 219 wells in the Williston Basin, North Dakota, U.S.
· First quarter 2022 sales from the portfolio were over 1,600 barrels of oil equivalent per day (net to Zephyr) with corresponding revenues of US$11.5 million.
· Non-operated portfolio expected to have turnover of US$35-40 million in 2022, providing significant operating cash flow available for reinvestment into the Paradox project development.
...The Group reports a net profit after tax for the year ended 31 December 2021 of US$0.8 million...at 31 May 2022, the Group had cash and cash equivalents of US$11.9m...
The Annual General Meeting of the Shareholders of the Company will be held at 10 a.m. on 21 July 2022 at the offices of Zephyr Energy plc, First Floor, Newmarket House, Market Street, Newbury, Berkshire, RG14 5DP.

Today 07:00 ADM Energy PLC (ADME)
Full Year Results
https://www.investegate.co.uk/adm-energ ... 00068781P/
· First full year of increased interest in the Aje Field, Nigeria (ADM increased its equity investment from 5% to 9.2% in December 2020)...103 bopd net
· Post-period announced the result of the CPR on the Barracuda prospect with a 2U (P50) case, the NPV10 is +$99mm with an IRR of 45%
· Revenue increased by 125% to £1.8m (2020: £0.8m),
Loss after tax decreased 64% to £2.5m (2020: £6.9m loss)

Today 07:00 Great Eastern Energy (GEEC)
Shale Exploration Programme
https://www.investegate.co.uk/great-eas ... 00038253P/
the fully integrated, pioneering Indian Coal Bed Methane ("CBM") Company, is pleased to announce that it has executed an amendment to its Petroleum Mining Lease ("PML") and will now progress with its shale exploration program ("Shale Programme").... Given the large potential Shale Gas resource in our Raniganj (South) block of up to 6.63 TCF of original gas in place, it provides an exciting and excellent growth opportunity for the Company....We will now make plans for the initial core wells in the Shale Program and, based on the results obtained, we will then progress to a development plan to drill pilot production wells.

Today 07:00 Oilex Ltd (OEX)
Cambay C-77H Re-frac Operations Update
https://www.investegate.co.uk/oilex-ltd ... 00038241P/
The workover rig arrived on location at the C-77H wellsite on June 20th 2022 and is being rigged-up in preparation to pulling the completion string from the C-77H wellbore....All major services and equipment have been secured for the hydraulic fraccing operation which is scheduled to commence mid-July 2022....The fraccing operation is anticipated to last 7 days and will be followed by flow-back and testing. We currently expect to be able to announce the results of the re-frac operation in August 2022.

Today 07:00 Sound Energy PLC (SOU)
Appointment re Tendrara Development Financing
https://www.investegate.co.uk/sound-ene ... 00058747P/
Attijariwafa bank of Morocco... has been mandated, and provided with exclusivity by the Company for a period of eight months, to arrange a long-term senior debt facility with a term of no more than 12 years of up to 2.250 billion Moroccan dirhams (approximately US$250 million) for the partial financing of the currently estimated 3.000 billion Moroccan dirhams (approximately US$330 million) phase 2 development cost of the Tendrara Production Concession

Today 07:00 Reabold Resources (RBD)
Investor Presentation
https://www.investegate.co.uk/reabold-r ... 00078811P/
is pleased to announce that co-CEO's Stephen Williams and Sachin Oza will be presenting at the Shares and AJ Bell Investor Evening in London on 28 June 2022.

Today 07:00 Velocys PLC (VLS)
Grant of Share Option to Director
https://www.investegate.co.uk/velocys-p ... 00078768P/
on 22 June 2022, Philip Sanderson, Chief Financial Officer and a Director of the Company, was granted options ("Commencement Award") under the Velocys 2021 Share Option Scheme

Today 07:00 Arrow Exploration (AXL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/arrow-exp ... 00068809P/
pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 100,000 new common shares of no par value ("Common Shares").

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00008673P/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:49 Shell plc (SHEL)
Director/PDMR Shareholding
https://www.investegate.co.uk/shell-plc ... 4932H0605/
each of the following Persons Discharging Managerial Responsibilities (“PDMRs”) have received the number of shares of Shell plc as set out below, following the vesting of conditional awards granted on June 18, 2021 under the Powering Progress Share Award (“PPSA”).

Yesterday 17:29 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 2900Z7502/
President, Refining and Chemicals sells €108k

Yesterday 17:15 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 15118652P/
On 20/06/2022, Stuart Hawthorne holding via Hargreaves Lansdown Nominees Limited increased from 10.01% to 11.14%.

Yesterday 17:14 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1429H0599/
They bought back 4,573,000 shares at £20.722 = £94,760,591

Yesterday 17:02 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 02108617P/
They bought back 9,000,000 shares at 382.725p = £34,445,240.00

Yesterday 16:35 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 35448557P/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +11.7% with a spike to +17%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:15 Wentworth Resources (WEN)
Result of 2022 Annual General Meeting
https://www.investegate.co.uk/wentworth ... 15018534P/
at its Annual General Meeting ("AGM"), held today, all resolutions were passed.

Yesterday 13:42 Igas Energy PLC (IGAS)
Block Listing Application
https://www.investegate.co.uk/igas-ener ... 42558346P/

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#509144

Postby Hallucigenia » June 24th, 2022, 7:22 am

Gulf Keystone don't know what to do with all the money they're making, Southern Energy have a placing, San Leon now have a date to complete their deal to increase their holding in their Nigerian field.
Brent=$110.44(June)              WTI=$104.87(July,Brent-5.57)    Nymex gas=$6.23(June)   
NBP =186.84p(June,Nymex+16.69) TTF=€133.347(July,Nymex+34.96) JKM=$37.130(August,Nymex+30.90)

Today 07:00 Gulf Keystone Petrol (GKP)
2022 AGM & Operational & Corporate Update
https://www.investegate.co.uk/gulf-keys ... 00030408Q/
We have declared sector-leading dividends of $190 million year to date, $75 million of which is subject to shareholder vote at today's AGM, while continuing to invest in the high growth potential of the Shaikan Field. We also remain focused on maintaining a robust balance sheet and today we are pleased to announce our intention to call the $100 million outstanding bond, leaving the Company debt free.
Year to date production has averaged c.44,900 bopd. We are prudently managing our wells to avoid traces of water and, as a result, we are tightening 2022 gross production guidance to 44,000 - 47,000 bopd....
· Significant cash flow generation in 2022 year to date, with $348.8 million ($273.1 million net to GKP) received from the Kurdistan Regional Government ("KRG") for crude oil sales and revenue arrears. The outstanding arrears balance has been fully recovered...
· Robust balance sheet, with a cash balance of $247.0 million at 23 June 2022...
Gulf Keystone is today hosting its 2022 AGM at 10am CET via webcast.

Today 07:00 San Leon Energy PLC (SLE)
Further update on the Potential Transaction
https://www.investegate.co.uk/san-leon- ... 00040440Q/
provides the following update in relation to the Potential Transaction, as described in the announcement made by the Company on 29 April 2022.
Considerable progress has been made by the Company in progressing the Potential Transaction and the Company is now expecting to publish an AIM admission document (the "Admission Document") in respect of the Potential Transaction by 8 July 2022, following which point the Company intends to seek the restoration of trading of its ordinary shares on AIM.
[it's been dragging on since before Christmas, it's one of those murky Nigerian things where there's lots of cross-holdings to unwind but should result in a much cleaner structure and take out some legal threats]

Today 07:00 Prospex Energy PLC (PXEN)
El Romeral: Start of Solar Installations
https://www.investegate.co.uk/prospex-e ... 00020308Q/
the first of two projects in solar generation diversification at the El Romeral power plant in southern Spain ('El Romeral') has commenced. The Company holds a 49.9% working interest in El Romeral...Installation work to place solar panels on the roof of the power plant ('Project Apollo') was approved by Tarba earlier this month and is expected to be completed by the end of July. Project Helios, the second solar generation project, involves the installation of photo-voltaic panels on land adjacent to the plant. Front-end engineering and design ('FEED') studies for Project Helios were approved by Tarba earlier this year and have now commenced.... Following the gas price cap instituted by the Spanish government as of mid-June, daily electricity prices are expected to average €150/MWhr for the coming 12 months. The El Romeral power plant is now operating 24 hours a day seven days a week as its default operating mode, thereby optimising revenue.

Today 07:00 Woodside Energy Grp. (WDS)
Bumi appeal dismissed
https://www.investegate.co.uk/woodside- ... 00010926Q/
Woodside and Armada Balnaves Pte Ltd (Bumi) have been engaged in the Western Australian Supreme Court proceedings brought by Bumi (Armada Balnaves Pte Ltd v Woodside Julimar Pty Ltd CIV/1408/2016) with respect to Woodside's termination in March 2016 of the services agreement for the Armada Claire FPSO.....In a judgment issued today, the Court of Appeal has found in favour of Woodside and dismissed Bumi's appeal.

Today 07:00 Hunting PLC (HTG)
Change of Registered Office
https://www.investegate.co.uk/hunting-p ... 00020258Q/
its registered office, previously situated at 5 Hanover Square, London W1S 1HQ has relocated with immediate effect to: 5th Floor 30 Panton Street London SW1Y 4AJ

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00010348Q/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:20 Southern Energy Corp (SOUC)
DRILL TEST RESULTS AND EQUITY FINANCING
https://www.investegate.co.uk/southern- ... 20500320Q/
is pleased to announce a proposed prospectus offering and placing of new common shares of no par value ("Common Shares") in the capital of the Company to raise aggregate gross proceeds of approximately US$30.0 million (approximately £24.5 million / C$38.9 million) (together, the "Offering"). In the event of excess demand, the Company reserves the right to increase the size of the Offering. The Offering consists of:
· an underwritten bought deal prospectus offering of 26,060,000 million Common Shares (the "Prospectus Shares") at an issue price of C$0.87 (approximately 54.5 pence) per Prospectus Share (the "Prospectus Price"), for aggregate gross proceeds of C$22.7 million (approximately £14.3 million / US$17.5 million) to be led by Eight Capital (the "Prospectus Offering"); and
· a concurrent placing of approximately 18,692,661 million Common Shares (the "Placing Shares") at an offering price of 54.5 pence (approximately C$0.87) per Placing Share (the "Placing Price"), for aggregate gross proceeds of approximately £10.2 million (approximately US$12.5 million / C$16.2 million) to be conducted by way of an accelerated bookbuild (the "Placing")....
The Company will use the net proceeds of the Offering for capital expenditures relating to extending and accelerating the planned drilling programme at Gwinville and for general working capital purposes...Further drilling at Gwinville expected to begin in Q4 2022

Yesterday 17:07 Providence Resources (PVR)
Holding(s) in Company
https://www.investegate.co.uk/providenc ... 07340299Q/
Roaring Waters Capital increase to 4.40%.

Yesterday 17:05 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 05510296Q/
They bought back 9,500,000 shares at 381.835p = £36,274,310.00

Yesterday 16:49 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4901H0816/
They bought back 4,718,000 shares at £20.663 = £97,487,760

Yesterday 16:36 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 36300254Q/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's up +9.6% with a spike to +16%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:36 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 36050248Q/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's dropped -17.4% having touched -19%.

Yesterday 15:53 GETECH Group plc (GTC)
Result of AGM
https://www.investegate.co.uk/getech-gr ... 53510206Q/
The Company is pleased to announce that at its Annual General Meeting held on 23 June 2022, all resolutions were duly passed. The Board notes that of the votes cast there was a minority who voted against Resolution 9. In accordance with the QCA Corporate Governance Code, the Board will engage with these shareholders to understand their views.

Yesterday 14:26 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 26140072Q/
Andrey Akimov...Purchase (First leg of the REPO trade, purchase date 20.06.2022)...Sale (First leg of the REPO trade, purchase date 20.06.2022)...Purchase (Second leg of the REPO trade, repurchase date 21.06.2022)...Sale (Second leg of the REPO trade, repurchase date 21.06.2022)

Yesterday 14:20 NWF Group PLC (NWF)
Holding(s) in Company
https://www.investegate.co.uk/nwf-group ... 20000061Q/
Schroders Plc increased from 5.68% to 6.84%

Yesterday 13:21 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 21330011Q/
the Company confirms that, as at the date and time of this announcement, it had in issue 1,438,252,615 ordinary shares of GBP 0.10 each with voting rights.

Yesterday 13:04 S.N.G.N. Romgaz S.A. (SNGR)
Affiliated Party Transactions-art. 108 Law 24/2017
https://www.investegate.co.uk/s.n.g.n.- ... 04559992P/
4 gas sales to Petrom etc

Yesterday 12:02 Hurricane Energy PLC (HUR)
Appointment of Independent Non-Executive Director
https://www.investegate.co.uk/hurricane ... 02089886P/
is pleased to announce the appointment of Robin Andrew Allan as an Independent Non-Executive Director , effective from 1 July 2022...His wide experience at executive level with Premier Oil, including as Director, North Sea and Exploration, and his role as Chairman of BRINDEX, the Association of British Independent Exploration Companies, will serve the Company well

Yesterday 12:00 Chariot Limited (CHAR)
Holding(s) in Company
https://www.investegate.co.uk/chariot-l ... 00039847P/
On 21-Jun-2022, YF Finance Limited decreased from 3% to 1.5%.

Yesterday 11:44 Union Jack Oil PLC (UJO)
Result of AGM
https://www.investegate.co.uk/union-jac ... 44339834P/
at the Annual General Meeting ("AGM") held today, all resolutions as set out in the Notice of AGM in the Company's 2021 Annual Report and Financial Statements, were duly passed.

Yesterday 11:40 Longboat Energy PLC (LBE)
Result of AGM
https://www.investegate.co.uk/longboat- ... 40529825P/
Longboat Energy plc held its Annual General Meeting ("AGM") at 11.00am on Thursday 23 June 2022. All resolutions presented at the AGM were put to the meeting on a poll and were passed with the requisite majority.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#509260

Postby Hallucigenia » June 24th, 2022, 1:38 pm

Hmm - for some reason doing it so close to 7am this morning meant that my script missed the big news of the day, which is that Lamprell have run out of working capital and the major shareholder called Blofeld is acting a bit evilly. Who could have imagined? Down 80% today, so presumably Blofeld can pick up the whole company for less than the cost of a fundraise. Also note the CEO of Energean selling £55m worth of shares, a quarter of his holding.

Today 12:08 Gulf Keystone Petrol (GKP)
Result of AGM
https://www.investegate.co.uk/gulf-keys ... 08521459Q/
The Board of Gulf Keystone is pleased to announce that all the resolutions proposed at the Company's Annual General Meeting ("AGM") held today at 10 A.M (CET) via webcast, were duly passed by shareholders.

Today 11:00 Advance Energy PLC (ADV)
Price Monitoring Extension
https://www.investegate.co.uk/advance-e ... 00461245Q/
https://uk.finance.yahoo.com/quote/ADV.L/chart
On the day it's down -10.4%. Over the last 2 weeks it's been in the usual range.

Today 11:00 Southern Energy Corp (SOUC)
Price Monitoring Extension
https://www.investegate.co.uk/southern- ... 00341243Q/
https://uk.finance.yahoo.com/quote/SOUC.L/chart
On the day it's dropped -21.7% having touched -25%. Over the last 2 weeks it's dropped -36.5% having touched -39%.

Today 10:53 Lamprell plc (LAM)
Rule 2.9 Announcement
https://www.investegate.co.uk/lamprell- ... 53261222Q/
its issued share capital consisted of 412,817,636 ordinary shares of 5 pence each.

Today 09:52 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 52301109Q/
Andrey Akimov doing more sells/buys

Today 09:50 Zenith Energy Ltd (ZEN)
Operational update, Robbana concession
https://www.investegate.co.uk/zenith-en ... 50011102Q/
ROB-1 has successfully been returned to production following the installation of a new packer supplied by Weatherford and the previous determination of major corrosion in the casing being the cause of water ingress in the wellbore. ROB-1 is currently producing at a rate of approximately 30 barrels of oil per day ("BOPD") with the installation of the recently acquired new Weatherford sucker pump. It is the Company's expectation that a production rate of between 40-50 BOPD might be achieved once the well is given additional time to stabilise....
the Company has selected the well location for the drilling of ROB-3, a new well that will reach a total target depth of approximately 2,500 metres, following an in-depth geological and reservoir review enhanced by new information obtained during the workover of ROB-1....Drilling activities are expected to commence in November 2022,

Today 09:06 Petrofac Limited (PFC)
Notification of major holding
https://www.investegate.co.uk/petrofac- ... 0620EFQLB/
Azvalor Asset Management SGIIC SA (Madrid) increased from 3.05% to 5.052%.

Today 09:00 Vivo Energy (VVO)
Holding(s) in Company
https://www.investegate.co.uk/vivo-ener ... 00000447Q/
On 21-Jun-2022, JPMorgan Chase & Co. increased from 5.616% to 6.293%.

Today 08:26 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 26341022Q/
On 21-Jun-2022, Bank of America Corporation increased from 18.609% to 19.144%.

Today 08:00 BP PLC (BP.)
Report on Payments to Govts
https://www.investegate.co.uk/bp-plc--b ... 00030021Q/
BP p.l.c. Report on payments to governments Year ended 31 December 2021
They pay more tax in Australia than they do in the UK, in fact there are 8 countries where they pay more tax than the UK, the UK accounts for 0.6% of BP's taxes in 2021.

Today 07:21 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 21160965Q/
They bought back 20,231 shares at 215.99p = £43,696.94

Today 07:01 Lamprell plc (LAM)
Statement regarding potential Offer
https://www.investegate.co.uk/lamprell- ... 01010953Q/
it received a non-binding indicative cash offer from Blofeld Investment Management ("Blofeld"), a 25.06 per cent shareholder in Lamprell, regarding a possible offer to acquire the entire issued and to be issued share capital of Lamprell ...The Board is considering the Possible Offer in light of the Group's liquidity position and the Company's funding requirements of $75 million over the next two months. Blofeld's proposal in respect of the Possible Offer is at a very significant discount to the prevailing share price and any acceptable offer would need to include an interim funding solution or bridge financing....Blofeld must, by not later than 5.00 p.m. (London time) on 22 July 2022, either announce a firm intention to make an offer for Lamprell in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer

Today 07:00 Lamprell plc (LAM)
Trading, Funding & Liquidity Update
https://www.investegate.co.uk/lamprell- ... 00050951Q/
While operationally the business continues to deliver for clients and has an active pipeline of new business opportunities, further to the updates with respect to financing and strategic options detailed below, the Board is urgently pursuing the options available to deliver a funding solution that will resolve the Group's immediate and severe liquidity concerns....
During the course of 1H 2022 the Board has continued to explore various financing and strategic options with a number of potential providers of finance with respect to securing non-equity related sources of capital. Despite significant efforts by the Company to secure this additional finance and/or execute a transaction which would provide the Group with additional capital, which includes the additional $45 million non-binding ECA-backed accordion facility (the "Second Facility"), to date these discussions have not resulted in new financing for the Group. In particular, the Second Facility remains uncommitted and the Group's lenders have indicated that they will only be prepared to provide the facility following completion by the Company of a significant equity fundraise. Therefore, there can be no certainty that the Second Facility will be agreed and become available to the Group. As a result, the Group now faces urgent and severe liquidity constraints and in the absence of reaching an immediate alternative funding solution, the Group will not be able to meet its funding obligations as detailed in this announcement....
The Board has been engaged in frequent discussions over the last three months with its two largest shareholders; Lamprell Holdings Limited and Blofeld Investment Management ("Blofeld" and together, the "Major Shareholders"), who in aggregate own approximately 53.98 per cent. of the ordinary shares of Lamprell, with the intention to receive support for a potential equity fundraise of up to $150 million and/or some form of interim financing arrangement....
On 29 March 2022 the Group announced that it had received an early-stage proposal for a potential sale of a majority stake in its Oil & Gas business and that it had entered preliminary discussions with an interested party. The Group progressed these discussions with the interested party which then formed a consortium including the interested party and Lamprell's second largest shareholder, Blofeld. However it became apparent during the course of negotiations that such a disposal on the terms proposed, would be highly problematic to execute and would ultimately leave the Group without a viable business going forward.

Today 07:00 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 00050479Q/
CEO sells £55m

Today 07:00 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 00050480Q/
Chairwoman buys £350k

Today 07:00 Valeura Energy Inc. (VLU)
Valeura Announces Voting Results
https://www.investegate.co.uk/valeura-e ... 00050952Q/
All passed


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