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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#515938

Postby Hallucigenia » July 20th, 2022, 11:19 am

Some good stuff today. Serica very happy with the workovers of 2 Bruce wells (allowable against the new tax) adding 3,350boepd and look forward to North Eigg in October. Chariot's CPR increases Morocco 2C by 76% and lots of additional prospectivity, not that Mr Market cares. UKOG are excited about their Turkish prospectivity and look like they will concentrate on that with some new funding by year-end, having worked out that their hydrogen plans for Portland will cost £1bn and hint that it will end up as a subsidiary of Exxon at Fawley, and they're going to let someone else farm in and take the heat over Loxley. Pharos announce a buyback and solid trading update.
So there's been a lot of 5-10% spikes at the start of trading, before falling back - it's that time of year when even good news is ignored.

Meanwhile opinions vary about what's happening with Nordstream1 - Goldman reckons it's going to operate at 40% capacity after the maintenance is finished, but some people are talking about it not reopening at all. And Nippon Steel bought a cargo of LNG at $41/mmBtu, an all-time record (albeit still less than TTF at the moment).

Brent=$106.37(July)           WTI=$103.13(July,Brent-3.24)     Nymex gas=$7.31(July)   
NBP =272p(July,Nymex+25.39) TTF=€161.500(August,Nymex+41.20) JKM=$37.485(September,Nymex+30.18)

Today 10:59 TotalEnergies SE (TTE)
TotalEnergies Has Definitively Withdrawn from Myanmar
https://www.investegate.co.uk/totalener ... 5900Z4207/
On January 21, 2022, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announced its decision to withdraw from the Yadana field and from gas transportation company MGTC in Myanmar, both as shareholder and as operator.... In accordance with the contractual 6-month notice period, this withdrawal becomes effective on this 20 July 2022.

Today 10:53 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions acc. 108 L24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 53231468T/
Condensate sales to Petrom

Today 10:45 Vivo Energy (VVO)
Currency Exchange
https://www.investegate.co.uk/vivo-ener ... 45031406T/
Vivo Shareholders who hold their Vivo Shares on the South African Register will also receive their 2022 Special Dividend (subject to the sanctioning of the Scheme by the Court) in South African rand. Below are the respective amounts converted into South African rand:

Today 10:35 ADM Energy PLC (ADME)
Result of AGM
https://www.investegate.co.uk/adm-energ ... 35581414T/
at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.

Today 08:00 TotalEnergies SE (TTE)
Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development
https://www.investegate.co.uk/totalener ... 0000Z4001/
has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is to launch the integrated FEED in the fourth quarter of 2022. The project is targeting a final investment decision (FID) around the end of 2023, and a start-up at the end of 2027.

Today 07:05 Pharos Energy PLC (PHAR)
Initiation of Share Buyback Programme
https://www.investegate.co.uk/pharos-en ... 05040463T/
is pleased to announce the initiation of a share buyback programme (the "Programme") to purchase up to approximately US$3 million (excluding stamp duty and expenses) of the Company's ordinary shares of 5p each ("Ordinary Shares"). The Programme will commence today and is expected to take three to six months to complete
[market cap £88m]

Today 07:00 Pharos Energy PLC (PHAR)
Trading and Operations Update July 2022
https://www.investegate.co.uk/pharos-en ... 00060462T/
· Group working interest H1 producti on 7,961 boepd net [74:26 Vietnam:Egypt]
· 2022 Full year Group working interest production guidance remains unchanged from 19 May 2022 trading update:
· Group revenue for H1 2022 of c.$129m before hedging loss of c.$17m
· Cash balances as at 30 June 2022 of $47.5m, net debt of $38.1m
· Planning well advanced for TGT & CNV development drilling programme, due to commence in September 2022
· Work on 3D seismic processing in Block 125 in Vietnam nearing completion
In Egypt, following the farm-out to IPR, investment has recommenced and production levels are starting to rebuild. Securing a rig on long-term contract positions us for continuous drilling in El Fayum over the next year and beyond, to monetise the significant 2P reserves base under the enhanced fiscal terms secured. In Vietnam, the three well development drilling programme is on track to commence in September, focused on sustaining production levels in the current high netback, fast payback environment. These operational plans build on the strong cash flows generated in H1 2022 and give us the confidence to allocate capital to commence a share buyback programme, announced today,
The transaction with IPR and transfer of operatorship completed on 21 March 2022. Working interest production is therefore reported as 100% through to completion and 45% thereafter. Production for the first half of 2022 from El Fayum averaged 3,142 bopd gross and 2,100 bopd net to Pharos. The Group's Egypt production guidance for 2022 remains unchanged at 1,350-1,800 bopd, equivalent to gross production of 3,000-4,000 bopd....
In the first six months of 2022, 42% of the Group's production was hedged, securing a minimum price for the hedged volumes of $67.2/bbl. For the remainder of 2022, 25% of the Group's forecast production is hedged, at a minimum price of $69.1/bbl. The Group's reserve based lending facility (RBL) requires the Company to hedge at least 35% of Vietnam RBL production volumes and the current hedging programme meets this requirement through to June 2023, leaving 75% of Group production unhedged.
The Company entered the year with cash of $27.1m and net debt of $57.5m. Cash balances as at 30 June 2022 were c.$47.5m with net debt of c.$38.1m.
[up 5% initially but fell back]

Today 07:00 Serica Energy PLC (SQZ)
Operations Update
https://www.investegate.co.uk/serica-en ... 00050365T/
The initial well (Bruce M1) was re-entered for the first time since 1998. After a successful scale removal and water shutoff, a significant reperforation and new perforation campaign was executed and the well returned to production. Production rates from the well have increased from around 400 boe/d before intervention to over 1,800 boe/d in July 2022. A similar programme was followed on the second well (Bruce M4) and production rates for the well have been increased from around 450 boe/d to over 2,400 boe/d. The results from these two wells are at the upper end of the range of expectations...Capital investment in the Bruce and Keith fields qualifies for investment relief under the recently announced Energy Profits Levy....
Operations have commenced on the high-impact and potentially transformational North Eigg exploration well. This gas prospect is located close to Serica's operated fields and infrastructure and is estimated to contain 60 mmboe (P50) and potentially over 236 mmboe (P10)...results expected in October 2022....
Serica's average net production in July has averaged over 29,150 boe/d and YTD average net production is 26,832 boe/d. Over 85% of our net production is gas.

Today 07:00 Chariot Limited (CHAR)
Material Increase in Gas Resource Offshore Morocco
https://www.investegate.co.uk/chariot-l ... 00050362T/
announce the results of Independent Assessments on its gas resources offshore Morocco, incorporating the results of the recent successfully drilled Anchois-2 appraisal and exploration well.
Anchois Gas Field:
• 82% increase in 1C contingent resources from 201 Bcf to 365 Bcf
• 76% increase in 2C contingent resources from 361 Bcf to 637 Bcf
• 49% increase in 2U prospective resources to 754 Bcf in three undrilled targets with an improvement in the probability of geological success, now ranging from 49 to 61 %
• Total remaining recoverable resource at Anchois (2C plus 2U) now stands at 1.4 Tcf
Additional Lixus Prospects:
• Combined, 2U prospective resources of 838 Bcf with an estimated probability of geological success ranging from 30-52%, with closely related additional targets in the areas surrounding the prospects
• The total remaining recoverable resources (2C plus 2U, comprising audited and internal Chariot estimates) in the entire Lixus portfolio stands at approximately 4.6 Tcf
Rissana Offshore:
• Early assessment of the areas covered by 3D seismic, provides a total 2U prospective resource of over 7 Tcf,
[initially up 10%, but fell back to where it started]

Today 07:00 UK Oil & Gas PLC (UKOG)
Operational Update
https://www.investegate.co.uk/uk-oil--- ... 00050320T/
Turkiye Resan Licence (UKOG 50% interest): continued examination of the new phase 1 seismic data has revealed a further potentially significant undrilled geological structure to the south of the Basur-1 oil discovery. The feature, currently known as Prospect B, shows the same geological structural style as the Basur discovery, bounded on its northern extent by a significant back-thrust fault. It appears to be of similar size to Basur upon first review. Further phase 2 seismic lines to the west will be required to confirm its size, prospective resource hydrocarbon volume, and to help define any future exploration well location....
the Company is now investigating the feasibility of linking Portland's planned hydrogen-ready salt cavern storage into an envisaged future hydrogen hub centred in and around Southampton by a consortium including a major energy company , whereby Portland could provide both the interseasonal and peak demand hydrogen storage necessary to provide the hub's resilience to fluctuating demand. Via its planned LNG receiving facility, Portland could also help satisfy demand for natural gas feedstock for reforming into blue hydrogen within the hub. [hmm - wonder what major energy co in Fawley, I mean Southampton, that could be?]
a preliminary economic model from Xodus, which details that the updated expected capital cost to construct the 14 salt caverns, related surface facilities and the pipeline tie-in to the current national gas grid is £895 million. Together with the capital expenditure for the envisaged LNG receiving terminal and the project's green hydrogen generation capability, the project's total cost will, therefore, likely exceed £1 billion....[market cap =£18m]
the Company's focus for the forthcoming 6-9 months will be firmly upon the delivery of Phase 2 seismic and a new Basur appraisal well...
to shoot new unbudgeted Phase 2 seismic before continuing the Basur appraisal drilling programme (as per UKOG's 30th June RNS), combined with a longer than expected seismic acquisition period over winter, has both required additional previously unbudgeted working capital and deferred the start of the anticipated cash flow from a successful Basur well. The Company will, therefore, need to seek further finance before mid Q4 2022 to fund this planned programme and for general working capital purposes. ...
With respect to the June 7th 2022 grant of planning consent for the Company's 100% owned Loxley gas appraisal project the Company will now implement a pre-planned farmout programme, whereby the Company's costs would be either fully or part carried by any farminee.

Today 07:00 San Leon Energy PLC (SLE)
Execution of New ELI Investments documentation
https://www.investegate.co.uk/san-leon- ... 00060435T/
further to the Company's AIM Admission Document published on 8 July 2022 (the "Admission Document"), the documents in respect of the New ELI Investment have now been signed by the relevant parties [up 7%]

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00080271T/
On 18-Jul-2022, BlackRock, Inc. reduced from 5.21% to 5.18%.

Today 07:00 Arrow Exploration (AXL)
AGM Voting Results
https://www.investegate.co.uk/arrow-exp ... 00080948T/
All approved

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00040352T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:22 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 22450344T/
They bought back 9,059,925 shares at 385.227p = £34,901,286.84

Yesterday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 5800P0121/
On 18-Jul-2022, APG Asset Management N.V. (Amsterdam Netherlands) reduced from 3.9688% to 2.97034%

Yesterday 12:00 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 00049907S/
On 18/07/2022, Pendal Group Limited (Sydney , Australia) holding via J O Hambro Capital Management Limited increased from less than 5% to 5.036137%.

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#516181

Postby Hallucigenia » July 21st, 2022, 9:59 am

Woodside trading statement obviously looks good with the inclusion of BHP numbers, but they don't do LFL numbers and they've cheekily tweaked the boe conversion in a way that magics 5% extra boe out of the BHP assets. Zephyr's AGM statement seems to be ticking along, next major event is well test results by end September. Oilex finally start the Cambay refrac, Pennpetro completes the farm-in to Upland's block in Algeria, with past costs to be paid in shares once they get the licence extension. Family of EnQuest chief exec continue to buy.

I'll be away for the next 10 days or so and updates will be patchy in that time.

Brent=$104.72(July)               WTI=$97.33(August,Brent-7.39)     Nymex gas=$7.7(July)   
NBP =282p(July,Nymex+25.94) TTF=€150.005(August,Nymex+37.08) JKM=$38.170(September,Nymex+30.47)

Today 08:19 Upland Resources Ltd (UPL)
Amendment - Tunisian Farmout Agreement
https://www.investegate.co.uk/upland-re ... 19582752T/
RNS to correct previous RNS released at 7:00 am on 21 st July 2022 where reference to Upland option is included below

Today 07:50 TotalEnergies SE (TTE)
United States: TotalEnergies Announces the Start-up of New Ethane Cracker in Port Arthur
https://www.investegate.co.uk/totalener ... 5000Z5402/
Bayport Polymers LLC (“Baystar”), a 50/50 joint venture (JV) between TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Borealis, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
This almost $2 billion project built on the site of and operated by the TotalEnergies Refinery in Port Arthur

Today 07:19 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art.108 L.24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 19572695T/
· Term deposit opened with CEC BANK S.A.

Today 07:00 Woodside Energy Grp. (WDS)
Trading Statement
https://www.investegate.co.uk/woodside- ... 00042247T/
· Delivered production of 33.8 MMboe, up 60% from Q1 2022.
· Delivered sales volume of 35.8 MMboe, up 51% from Q1 2022.
· Delivered average realised price of $95 per barrel of oil equivalent.
· Delivered revenue of $3,438 million, up 44% from Q1 2022.
· All gas products for production and reserves will be reported in barrels of oil equivalent (boe) and calculated from a volumetric basis with a conversion factor of 5,700 standard cubic feet (scf) per boe. BHPP previously used 6,000 scf per boe. Woodside's production reporting previously used product-specific conversion factors on an energy basis. [bit naughty]
· Woodside's Half-year Report 2022 and the associated investor briefing will be released to the market on Tuesday, 30 August 2022

Today 07:00 Zephyr Energy PLC (ZPHR)
AGM Statement
https://www.investegate.co.uk/zephyr-en ... 00051763T/
will hold its Annual General Meeting ("AGM") at 10am BST today, at the offices of Zephyr Energy plc, First Floor, Newmarket House, Market Street, Newbury, Berkshire, RG14 5DP.
We aim to materially increase the project reserves when we target undertaking extended production testing from our State 16-2LN-CC well by the end of September 2022 and through our three well drilling programme which is expected to commence in the second half of 2022 and for which detailed planning has long been underway.
In addition to our operated Paradox project, we are producing significant levels of cash flow from our non-operated Williston Basin assets in North Dakota, U.S. ("Williston project"). First quarter 2022 ("Q1") revenues from the portfolio totalled US$11.5m, generated from an average of 1,600 barrels of oil equivalent per day, net to Zephyr, at an average sales price for the oil of US$90.11 per barrel. Q1 operating cash flow (net of royalty, tax and operating expenditure) was US$9.8 million, which demonstrates the high profit margin realised from the hydrocarbons sold during the period. Today, we reiterate our previous full-year 2022 revenue forecast of US$35-40 million, which is based on a forecast production range of 500,000 - 550,000 barrels of oil equivalent for the year.

Today 07:00 Oilex Ltd (OEX)
Cambay C-77H Re-frac Operations Update No3
https://www.investegate.co.uk/oilex-ltd ... 00051770T/
The initial stage of the re-fraccing operation, perforating the zones to be hydraulically fractured, commenced on 20 July 2022.

Today 07:00 Pennpetro Energy PLC (PPP)
Farm-In to Saouaf Permit, Tunisia & Share Issuance
https://www.investegate.co.uk/pennpetro ... 00092175T/
the Group has signed a Farmout Agreement ("Agreement") with Upland (Saouaf) Limited ("Upland Saouaf"),an Upland Resources Limited ("Upland") subsidiary, for a farm-in ("Farm-In") to its Saouaf permit area, Tunisia ("Saouaf Permit"), held in joint venture with the Tunisian state oil company, Enterprise Tunisienne d'Activités Pétroliéres ("ETAP"). Pennpetro had earlier announced the signing of a Heads of Terms agreement with Upland on 16 March 2022...
NPUSA will farm-in for an 80% working interest and assume operatorship, subject to ETAP approval. NPUSA and Upland will jointly seek from the Tunisian authorities a one-year extension ("Extension") to the Saouaf Permit to allow sufficient time to undertake the current prospective work programme which expires on 23 December 2022 ("Expiry Date"), consisting of an obligation to acquire 300 km of new 2D seismic data and reprocessing some existing 2D seismic data....
Subject to Extension, Pennpetro has agreed to reimburse Upland for 80% of its prior sunk costs in Tunisia, amounting to £310,225. This will be paid through the issue of fully paid ordinary shares in Pennpetro

Today 07:00 Upland Resources Ltd (UPL)
Signing of Tunisian Farm-out Agreement
https://www.investegate.co.uk/upland-re ... 00112243T/
a Farmout Agreement has been signed between Upland Saouaf, a wholly owned subsidiary of the Company, and Pennpetro Energy PLC ("PPP" or "Pennpetro") through Pennpetro's wholly owned subsidiary, Nobel Petroleum USA Inc ("NPUSA"), for a farm-in into Upland's Saouaf permit area in Tunisia ("Saouaf Permit").

Today 07:00 Scirocco Energy PLC (SCIR)
Investment Facility Part Settlement and TVR
https://www.investegate.co.uk/scirocco- ... 00092155T/
the subscriber (the "Subscriber") under the share subscription deed governing the investment facility ("Investment Facility"), the details of which were announced to the market on 29 June 2020, has issued the Company a settlement notice for US$100,000.
This notice, together with the settlement notices announced on 15 October 2020, 5 May 2021, 24 January 2022, 18 March 2022, and 6 May 2022 means that an aggregate US$1.525 million of the total US$2.0 million subscribed for to date by the Subscriber pursuant to the Investment Facility has been settled through the issue of new ordinary shares in Scirocco.
Accordingly, the Company has issued and allotted 30,369,291 ordinary shares, with a deemed price of £0.0028

Today 07:00 Energean PLC (ENOG)
Changes to Board Committee Membership
https://www.investegate.co.uk/energean- ... 00122041T/
the Company announces that the following changes have been made to the membership of its committees, to take place with effect from 20 July 2022:

Today 07:00 Kosmos Energy Ltd (KOS)
Second Quarter 2022 Results Date
https://www.investegate.co.uk/kosmos-en ... 00121833T/
announced today the following schedule for its second quarter 2022 results: Earnings Release: Monday, August 8, 2022

Today 07:00 Serica Energy PLC (SQZ)
BLOCK LISTING SIX MONTHLY RETURN
https://www.investegate.co.uk/serica-en ... 00122037T/
Serica today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements in respect of the Serica Energy plc 2018 Sharesave Plan.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00112185T/
it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt").

Today 18:00 FTSE Russell ()
Vivo Energy
https://www.investegate.co.uk/ftse-russ ... 00061929T/
Subject to court sanctioning the scheme of arrangement in relation to the cash acquisition of Vivo Energy (UK, constituent) by VIP II Blue B.V. (non-constituent), please see details of affected indexes and effective dates below:
Vivo Energy (UK, BDGT2M7) will be deleted from the FTSE 250 index.
Home REIT (UK, BJP5HK1) will be added to the FTSE 250 index and deleted from the FTSE SmallCap Index.
All changes effective from 25 July 2022.

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00062020T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 17:34 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 34572048T/
They bought back 8,000,000 shares at 390.245p = £31,219,608.00

Today 14:48 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 48441858T/
the total number of shares with voting rights in the Company at the above date was 1,438,436,235.

Today 14:04 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 04311816T/
Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu :
i) Purchase of 641,540 ordinary shares
ii) Purchase of 597,210 ordinary shares

Today 14:00 Harbour Energy PLC (HBR)
Transaction in Own Shares - Correction
https://www.investegate.co.uk/harbour-e ... 00041725T/
The following corrections are made to the Transaction in Own Shares announcements released between 6 July and 19 July 2022. These relate to the volume weighted average price ("VWAP") paid per share (GBP) stated on each day.....To confirm as at 19 July 2022, Harbour has purchased 22,561,306 ordinary shares in aggregate for cancellation in connection with this buyback programme. (bit over £70m)

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#516418

Postby Hallucigenia » July 22nd, 2022, 11:25 am

So Blofeld/Thunderball announce the inevitable formal bid for Lamprell at a small premium - am I the only one who hears Shirley Bassey whenever I see that name? VOG seem to be ticking along at an operational level even if the corporate existence is under major threat from the lawsuit and Russian sanctions aren't helping. Woodside forced to clarify yesterday's changes to conversion factors - it seems I was being a bit unfair, the changes flattered the BHP operations but reduced the ex-Woodside numbers and people got upset about that.
Nordstream1 seems to have restarted back at 40% of capacity - enough to keep things ticking over, but not enough to fill storage. TTF and NBP are...a bit worried.

Brent=$103.3(July)            WTI=$95.58(August,Brent-7.72)     Nymex gas=$7.84(July)   
NBP =322p(July,Nymex+30.64) TTF=€164.250(August,Nymex+41.07) JKM=$38.095(September,Nymex+30.25)

Today 09:21 Oilex Ltd (OEX)
Placement - Issue of Securities and TVR
https://www.investegate.co.uk/oilex-ltd ... 21194454T/
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 issued 69,932,558 fully paid ordinary shares (a portion of the Tranche 2Shares) at GBP 0.20 pence (AUD 0.35 cents) per share and therefore received £0.14 million (A$0.24 million) from subscribers .

Today 07:00 Victoria Oil & Gas (VOG)
Q2 2022 Operational & Corporate Update
https://www.investegate.co.uk/victoria- ... 00033739T/
· Sales : Average daily gross gas sales rate for the quarter was 5.6 MMscf/d (up 2% on Q1 22: 5.5 MMscf/d), and a gross volume of 4,243 bbls (Q1 22: 4,691 bbls) condensate was shipped to customers.
· Matanda : Rig contract negotiations continue and the mobilisation of a rig to Douala is expected to be complete by end July, this being at the owner's own cost and risk. Site and access preparations will be somewhat hindered by the rainy season at this time of the year...
The Arbitration Panel and the International Chamber of Commerce ("ICC") are still evaluating a number of issues connected to the proceeding, including Costs, and consequently the ICC has extended the time limit for rendering the final award until 31 December 2022. We continue settlement discussions with RSM with a view towards achieving resolution of these matters and a commercially realistic settlement in a more timely manner
The process to find a buyer for SGI continues. International sanctions continue to hinder funds transfers to Russia and limit the counterparties with which the Company can have discussions.

Today 07:00 Woodside Energy Grp. (WDS)
2022 Production guidance clarification
https://www.investegate.co.uk/woodside- ... 00013783T/
Woodside provides the following information in relation to its Second Quarter 2022 Report, changes to conversion factors, and the impact on reported production and full-year 2022 production guidance....The reduction in the contribution of the pre-merger Woodside assets to full-year 2022 production guidance is solely due to the change in conversion factors. A reconciliation is provided below.

Today 07:00 Arrow Exploration (AXL)
Appointment of Nomad and Joint Broker
https://www.investegate.co.uk/arrow-exp ... 00033734T/
is pleased to announce that further to the announcement of Canaccord Genuity Limited ("Canaccord") as its Nominated Adviser on 28 April 2022, Canaccord has confirmed that it has completed satisfactorily its due diligence. Accordingly, a Nominated Adviser Declaration has been submitted to AIM in accordance with the AIM Rules.

Yesterday 18:23 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 23533675T/
They bought back 8,500,000 shares at 383.302p = £32,580,671.50

Yesterday 18:10 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 10423618T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 16:35 Quadrise Fuels Intnl (QFI)
Price Monitoring Extension
https://www.investegate.co.uk/quadrise- ... 35393555T/
https://uk.finance.yahoo.com/quote/QFI.L/chart
On the day it's been in the usual range.

Yesterday 14:11 Thunderball Invest. ()
Recommended Cash Offer for Lamprell plc
https://www.investegate.co.uk/thunderba ... 11003428T/
The board of directors of Thunderball Investments Limited ("Bidco") and the board of directors of Lamprell plc ("Lamprell") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued share capital of Lamprell...Lamprell Shareholders shall be entitled to receive:
9 pence in cash for each Lamprell Share [currently 8.7p]
The Offer values the entire issued and to be issued ordinary share capital of Lamprell (assuming the full exercise of rights under the Lamprell Share Plans) at approximately £38.8 million.

Yesterday 11:24 Predator O&G Hldgs (PRD)
Director/PDMR Shareholding
https://www.investegate.co.uk/predator- ... 24433191T/
The Company announces that it was informed on 19 July 2022 of the sale by H2Green Power Ltd ("H2Green") of its shareholding of 1,785,700 ordinary shares in the Company at a price of 9p per share on the same date.
The sale of the holding was executed to remove any potential conflicts of interest between the two entities and to provide funding for the development of H2Green's business. [huh? That doesn't match up with the TR-1???? Sounds like H2Green has sold all its shares, but that's a small fraction of Griffiths' total interest, and he sold some of his personal holding at the same time?]

Yesterday 11:24 Predator O&G Hldgs (PRD)
Notification of Major Holdings
https://www.investegate.co.uk/predator- ... 24453193T/
On 19 July 2022, Paul Stanard Griffiths holding via H2Green Power Limited reduced from 15.4% to 14.61%.

Yesterday 10:28 Zephyr Energy PLC (ZPHR)
Result of AGM
https://www.investegate.co.uk/zephyr-en ... 28103035T/
development from carbon-neutral operations, is pleased to announce that at its Annual General Meeting held earlier today, all resolutions were duly at its Annual General Meeting held earlier today, all resolutions were duly passed.

Yesterday 09:50 Vivo Energy (VVO)
Holding(s) in Company
https://www.investegate.co.uk/vivo-ener ... 50012949T/
On 18-Jul-2022, JPMorgan Chase & Co. reduced from 5.185% to below minimum threshold.

Hallucigenia
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Re: Hal's oily roundup

#516944

Postby Hallucigenia » July 25th, 2022, 8:37 am

Had to do it quickly so I've not read all of them in detail. Kistos revise their bid for Serica, Market hates COPL's penal convertible financing for the Cuda acquisition, Hurricane finally pay off theirs which is a big landmark for them, President want to get into lithium, Tlou tick along, Argos are a bit precarious until they get their licence extension but at least they got their results out and are unsuspended.

Brent=$102.34(July)               WTI=$93.71(August,Brent-8.63)     Nymex gas=$8.37(July)   
NBP =312p(July,Nymex+29.02) TTF=€162.000(August,Nymex+40.11) JKM=$38.990(September,Nymex+30.62)

Today 07:44 Oilex Ltd (OEX)
Cambay C-77H Re-frac Operations Update No4
https://www.investegate.co.uk/oilex-ltd ... 44045787T/
The first of the two zones has been perforated and fracced. After the zone has been circulated clean, a bridge plug will be set in preparation for the second zone to be perforated and fracced.

Today 07:40 Oilex Ltd (OEX)
June 2022 Quarterly Report
https://www.investegate.co.uk/oilex-ltd ... 40295784T/
Lost A$1m

Today 07:37 TotalEnergies SE (TTE)
TotalEnergies: Nigeria: Start of Production From the Ikike Field
https://www.investegate.co.uk/totalener ... 3700Z8605/
announces the start of production from the Ikike field, in Nigeria.

Today 07:35 Kistos PLC (KIST)
Proposed Combination - Revised Terms
https://www.investegate.co.uk/kistos-pl ... 35065783T/
Under the Revised Combination Terms, Kistos would offer for each Serica share:
· 0.4000 new Kistos shares; plus
· cash of 213 pence, comprising:
o a distribution of capital to Serica shareholders via a cash payment of 67 pence per share; and
o cash consideration equivalent to 146 pence per Serica share.
Based on the closing price of 530 pence per Kistos share on 22 July 2022 (the "Latest Practicable Date"), the Revised Combination Terms give an offer value of 425 pence per Serica share

Today 07:35 Prospex Energy PLC (PXEN)
Fund raise of £1.87m to fund first gas at Selva
https://www.investegate.co.uk/prospex-e ... 35015781T/
· £1.87 million raised via the issue of unsecured Convertible Loan Notes of denomination £1 due end of March 2024
· Net proceeds to provide funds towards the Company's share of development costs (totalling c. £2.3 million, which includes £200,000 of contingency) at the Selva gas discovery on the Podere Gallina Permit, in the Po Valley in Italy as well as working capital
· The Loan Notes are convertible at 4.25p per ordinary share at any time at the election of the investor.

Today 07:30 AIM ()
Restoration - Argos Resources Limited
https://www.investegate.co.uk/aim/rns/r ... 30035777T/

Today 07:30 AIM ()
Suspension - Oilex Ltd
https://www.investegate.co.uk/aim/rns/s ... 30034668T/

Today 07:30 Victoria Oil & Gas (VOG)
Addendum to ICC Partial Final Award
https://www.investegate.co.uk/victoria- ... 30035779T/
VOG, whose wholly owned subsidiary in Cameroon, Gaz du Cameroun S.A. ("GDC")... GDC had requested that the Tribunal correct a computational error in the calculation of monies due...due as a result of the Tribunal's decision to move the Payout date from 1 June 2016 to 1 February 2016 (see announcement of 4 April 2022). The Tribunal agreed with GDC's calculations and has now corrected the Partial Final Award by way of an Addendum in favour of GDC, meaning that the earlier Payout date entitles RSM to a payment of US$6.6 million plus interest, rather than the US$10.6 million plus interest as was initially announced prior to the correction of the error. RSM also made claims and counterclaims, some of which were successful such that the total amount of the award is now approximately $8.1 million, plus interest.

Today 07:21 Oilex Ltd (OEX)
Suspension of trading on AIM
https://www.investegate.co.uk/oilex-ltd ... 21155778T/
rading in the Company's ordinary shares of no par value will be temporarily suspended from trading on AIM with effect from 7.30 a.m. (London time) today, Monday, 25 July 2022, due an administrative issue with the need to register a new International Securities Identification Number with CREST as a result of the Company's name change to Synergia Energy Limited, as approved by shareholders at the Company's general meeting held on 13 July 2022.
The temporary suspension of trading in the Company's ordinary shares is expected to continue until 7.30 a.m. (London time) Friday, 29 July 2022

Today 07:00 Nostrum Oil & Gas (NOG)
Maturity date of Senior Notes due 2022
https://www.investegate.co.uk/nostrum-o ... 00055134T/
notes that the maturity date of its US$725 million 8.0% senior notes due 2022 (the "2022 Notes") is today, 25 July 2022. The 2022 Notes, along with the US$400 million 7.0% Senior Notes due February 2025 (together with the 2022 Notes, the "Existing Notes"), will each be restructured in accordance with the previously announced proposed restructuring (the "Restructuring").
The Company will implement the Restructuring as soon as practicable following receipt of all necessary authorisations and licences required to hold the scheme meeting in connection with the Restructuring. Due to the ongoing Restructuring, which includes the previously announced lock-up agreement and forbearance agreement entered into by certain holders of the Existing Notes, the Company does not intend to take any additional further action following the maturity of the 2022 Notes.

Today 07:00 Phoenix Global Res (PGR)
Mata Mora Drilling Update
https://www.investegate.co.uk/phoenix-g ... 00065172T/
The Company has finished the drilling activity for [Mata Mora] Pad 2, completing three wells with vertical sections to depths of 2,314 metres, 2,280 metres and 2,316 metres each with 2,600 metre horizontal lateral lengths sections with 110 frac stages, navigating the Vaca Muerta formation. The initial flowback testing has commenced and the wells are currently under productivity testing. The wells showed oil within the first 24 hours with good wellhead pressure trends with oil production and well behaviour in line with management's expectations
Pad 3 drilled, completing by September, Pad1N started drilling, gas treatment ready by end Q3. Busy September!

Today 07:00 President Energy PLC (PPC)
Green House Capital and Argentina Update
https://www.investegate.co.uk/president ... 00065272T/
Makes sense - they're producing oil close to one of the great lithium provinces of the world, so have set up a JV to assess local lithium projects.

Today 07:00 Tlou Energy Ltd (TLOU)
Operational Report - Quarter ended 30 June 2022
https://www.investegate.co.uk/tlou-ener ... 00065240T/
Ø Transmission line work continuing and on target
Ø Lesedi 3 and 4 production wells continue to flow gas
Ø New purpose-built field camp under construction
Ø Cash position of ~A$7.9m (unaudited) at the end of the quarter

Today 07:00 Union Jack Oil PLC (UJO)
US$8 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00065177T/
is pleased to announce that material landmark net revenues of US$8,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% economic interest in this development.

Today 07:00 Argos Resources Ltd (ARG)
2021 Financial Results
https://www.investegate.co.uk/argos-res ... 00065232T/
· US$356,000 loss (2020 loss of US$299,000).
· US$304,000 cash reserves at 31 December 2021 (31 December 2020: US$438,000).
· In April 2022 the Falkland Islands Government agreed to extend the licence from 1 May 2022 until 31 December 2022, with no additional work commitments.
· A loan provided by the Chairman in June 2022 provides additional working capital and t he Company plans to raise additional capital to support a further extension of the Licence beyond its current expiry date of 31 December 2022
FIG are rethinking O&G with report due in Q3, Argos current plan is to reprocess PL001 seismic and get 2-year extension whilst marketing farmin, they're screwed if they don't get the extension.

Today 07:00 Hurricane Energy PLC (HUR)
Repayment of Convertible Bonds
https://www.investegate.co.uk/hurricane ... 00075296T/
is pleased to announce that it has repaid in full its outstanding $78,515,000 7.50 per cent Convertible Bonds (the "Bonds") plus $1.5 million of accrued interest by the maturity date of 24 July 2022. The Bonds will now be delisted from The International Stock Exchange and cancelled.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00075643T/

Today 07:00 Serinus Energy PLC (SENX)
Completion of Nominated Advisor due diligence
https://www.investegate.co.uk/serinus-e ... 00075303T/
appointment of Shore Capital and Corporate Limited ("Shore Capital") as its Nominated Adviser on 27 April 2022, Shore Capital has confirmed that is has completed its due diligence.

Today 07:00 UK Oil & Gas PLC (UKOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/uk-oil--- ... 00075242T/
CEO buys over £90k

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00035110T/

Friday 17:18 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 18035124T/
They bought back 4,711,935 shares at 385.490p = £18,164,056.25

Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800P8C30/
SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN

Friday 14:57 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5700P50F2/

Friday 14:46 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 46514979T/

Friday 14:00 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 00324930T/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's dropped -22.6% having touched -26%. Over the last 2 weeks it's been in the usual range.

Friday 13:58 President Energy PLC (PPC)
Result of AGM
https://www.investegate.co.uk/president ... 58084926T/
all resolutions proposed to shareholders were duly passed.

Friday 12:54 Angus Energy PLC (ANGS)
Progress Update at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 54214878T/
Furthermore, the Company's site team has introduced well head gas into the first section of the facility. Well head pressures remain high at 80+ bar. The commissioning sequence involves completion of cause and effect testing over areas of the plant whilst steadily introducing gas into those areas....The final step is commissioning the compressor over the weekend and to be completed early next week

Friday 12:40 Vivo Energy (VVO)
COURT APPROVAL OF SCHEME
https://www.investegate.co.uk/vivo-ener ... 40034829T/
Vivo is pleased to announce that the Court has today made the Court Order sanctioning the [Vitol takeover] Scheme.
The Scheme remains conditional on the Court Order being delivered to the Registrar of Companies for England and Wales which is expected to occur on 25 July 2022. [and delist tomorrow]

Friday 12:25 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 25024844T/
On 19/07/2022, Parsimony Limited holding via Luca Padulli (Director) (St Peter Port, Guernsey, Channel Islands) reduced from 9.37% to 8.56%.

Friday 12:24 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 24284842T/
On 15/07/2022, Parsimony Limited holding via Luca Padulli (Director) (St Peter Port, Guernsey, Channel Islands) reduced from 17.32% to 9.37%.

Friday 12:23 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 23144832T/
On 15/07/2022, D'Amore Family LLC increased from n/a to 3.26%.

Friday 12:22 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 22444836T/
On 14/07/2022, Parsimony Limited holding via Luca Padulli (Director) (St Peter Port, Guernsey, Channel Islands) reduced from 23.21% to 17.32%.

Friday 12:21 Canadian O'Seas Petr (COPL)
COPL Signs Financing to Close Cuda Acquisition
https://www.investegate.co.uk/canadian- ... 21554792T/
The Company has signed Purchase Agreements for the issue of two series of convertible bonds with an aggregate principal amount of US$25.2 million (the "Principal Amount"): $12.6 million maturing in 2024 and $12.6 million maturing in 2025 (collectively, the "Convertible").
13%, increasing by 0.75% per quarter until they can pay interest in cash, designed so they can restructure debt and add reserve-based lending. Conversion price set at just 5% above recent price, athough market has reacted to it like a cup of sick so that is more challenging than it seems.

Friday 12:20 Ascent Resources PLC (AST)
Notice of GM
https://www.investegate.co.uk/ascent-re ... 20034797T/
The GM is to be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT at midday on Monday, 15 August 2022

Hallucigenia
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Re: Hal's oily roundup

#517219

Postby Hallucigenia » July 26th, 2022, 12:10 am

I won't be able to do anything tomorrow until lateish, so let's get the rest of today's out of the way, the big ones being Serica rejecting the revised bid from Kistos, and yet more comedy from Lekoil in the form of their interim results.

Today 18:21 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 21556787T/
it received a notice to exercise 210,000 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$39,249 in respect for the warrants exercised.

Today 17:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00046561T/
On 20-Jul-2022 Bank of America Corporation increased from 0% to 3.118%.

Today 15:09 San Leon Energy PLC (SLE)
Update on development of the Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 09176589T/
notes the announcement made by Decklar Resources Inc. ("Decklar") in Canada. San Leon has a 11% shareholding in Decklar Petroleum Limited ("DPL"), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes...
Decklar and its co-venturer Millenium Oil & Gas Company Limited have received the permits required to resume production from the Oza-1 well at the Oza Oil Field. Production from the well has begun at low volumes initially to reestablish oil flow, with volumes to be increased steadily in order to establish a long-term sustainable rate

Today 13:58 Vivo Energy (VVO)
SCHEME OF ARRANGEMENT BECOMES EFFECTIVE
https://www.investegate.co.uk/vivo-ener ... 58186511T/
Vivo is pleased to announce that the Court Order has been delivered to the Registrar of Companies today and, accordingly, the [Vitol takeover] has now become effective in accordance with its terms.
Dealings in Vivo Shares on the premium listing segment of the Official List and on the London Stock Exchange were suspended with effect from 7.30 a.m. on 25 July 2022. Applications have been made to the FCA and the London Stock Exchange in relation to the delisting of Vivo Shares from the Official List and cancellation of the admission to trading of Vivo Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. on 26 July 2022.

Today 13:35 Lekoil Limited (LEK)
Interim Results
https://www.investegate.co.uk/lekoil-li ... 35266496T/
The Company reported a profit of $836,000 for the six month period ended 30 June 2022. However, this was largely due to the application of interest against the intercompany receivable owed by Lekoil Nigeria and the CEO Loan [who ain't paying]. Operational costs were $944,000 almost entirely due to professional and legal fees incurred as the Company continues to restructure.
Net assets of the Company at the end of the Reporting Period were $136 million. Cash balances as at the end of the Reporting Period were $547,000...
noting that Lekoil Nigeria may no longer qualify as a related party and that the term "intercompany loans" refers to their historic characterisation[!!!!]....
2021 was a year of change for the Company, one in which the integrity of the corporate structure established at the Company's foundation and the integrity of those entrusted to implement it, were tested and (in some cases) found wanting.[!!!!]...
The Company anticipates that the suspension in trading will be lifted by AQSE following the publication of this Report....
Whilst the financial position of the Company remains fragile and depends on the receipt of the monies under the Option Agreement, the recovery of the CEO Loan, the intercompany receivable, equity funding from shareholders and/or recovery of legal costs following success in litigation, we are striving to ensure that the Company is fully financed so it can implement its plan to recover as much value as possible for its shareholders from the investments made to date.

Today 12:36 Pharos Energy PLC (PHAR)
Standard form for notification of major holdings
https://www.investegate.co.uk/pharos-en ... 36186440T/
On 20/07/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited decreased from 10.07% to 9.94%.

Today 10:28 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 28446043T/
Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu buy another £100k

Today 10:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00035980T/
EIG Asset Management, LLC, Closely Associated with R. Blair Thomas, Chairman of Harbour Energy plc sells £5.5m

Today 08:27 Serica Energy PLC (SQZ)
Statement re Possible Offer
https://www.investegate.co.uk/serica-en ... 27285870T/
The Company notes that the Kistos Revised Possible Offer reduces the cash element of the offer by 33 pence per share and increases Serica shareholders' share of the combined entity from approximately 50% to approximately 58% compared to the first offer...the Board of Serica, together with its financial advisers, has unanimously rejected the Kistos Revised Possible Offer
[because we think we're great, we have some great prospects and some of the cash is from Serica that we were giving back to shareholders anyway]

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Re: Hal's oily roundup

#517497

Postby Hallucigenia » July 27th, 2022, 12:04 am

Yes, quite a bit of company news, but just clock that TTF price at €200/MWh.
Deltic/Shell decide to drill Selene, Block will go ahead with some of their drilling, Sea Lion gets a 2-year licence extension, Vivo finally delist while Oilex rename, Advance raise a bit of money for their next adventure as a cash shell, Union Jack are clearly frustrated by their shareprice and are launching a PR campaign.
Will be another late one tomorrow I'm afraid.

Brent=$104.7(July)               WTI=$95.51(August,Brent-9.19)     Nymex gas=$8.95(July)   
NBP =375.97p(July,Nymex+36.32) TTF=€199.918(August,Nymex+50.41) JKM=$40.210(September,Nymex+31.26)

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00048248T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 15:00 BP PLC (BP.)
Preliminary announcement of publication date
https://www.investegate.co.uk/bp-plc--b ... 00058026T/
the second quarter and half-yearly financial report 2022 in English shall be disclosed on 2 August 2022 and can be found at the following web address: https://www.bp.com/en/global/corporate/ ... tions.html

Today 14:15 NWF Group PLC (NWF)
Notice of Final Results
https://www.investegate.co.uk/nwf-group ... 15068041T/
will announce its final results for its financial year ended 31 May 2022 on Tuesday 2nd August 2022.

Today 13:52 OMV Petrom S.A. (PETB)
OGMS Resolution
https://www.investegate.co.uk/omv-petro ... 52218025T/
With the affirmative votes of the shareholders representing 91.37375% of the share capital and 100% of the casted votes, approves the Executive Board's proposal regarding the distribution of a special dividend, as follows : (i) a special d ividend with a gross value amounting to RON 0.0450 per share

Today 10:00 Union Jack Oil PLC (UJO)
Alliance with Research Tree
https://www.investegate.co.uk/union-jac ... 00036634T/
courtesy of Research Tree and Union Jack, complimentary access to investment research on the Company is now available on its website, http://www.unionjackoil.com under the banner, 'Analyst Reports'.

Today 08:42 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 42177470T/
On 20-Jul-2022, Cairn Capital Limited increased from 21.183% to 22.023%.

Today 08:05 Vivo Energy (VVO)
CANCELLATION OF LISTING
https://www.investegate.co.uk/vivo-ener ... 05016733T/
Further to the announcement made by Vivo on 25 July 2022 that the Scheme has become effective in accordance with its terms, Vivo confirms that each of the listing of Vivo Shares on the premium listing segment of the Official List and the admission to trading of Vivo Shares on the main market of the London Stock Exchange were cancelled with effect from 8.00 a.m. today.
It is expected that the listing of Vivo Shares on the JSE will be cancelled with effect from 29 July 2022.

Today 08:00 Stock Exch Notice ()
Cancellation - Vivo Energy plc
https://www.investegate.co.uk/stock-exc ... 00026719T/
At the request of the company 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 07:54 Oilex Ltd (OEX)
Change of Company Name
https://www.investegate.co.uk/oilex-ltd ... 54527388T/
Synergia Energy Ltd (the "Company") (formerly named Oilex Ltd) is pleased to advise, further to the previous announcement of 19 July and Shareholder approval obtained at the Company's General Meeting held on 13 July 2022, that the change of name of the Company from Oilex Limited to Synergia Energy Limited has now taken place on ASX.

Today 07:08 DCC PLC (DCC)
Director Declaration
https://www.investegate.co.uk/dcc-plc-- ... 08017379T/
Mr. Tufan Erginbilgic, a non-executive Director of DCC plc, has been appointed as an executive director and Chief Executive Officer of Rolls-Royce Holdings plc with effect from 1 January 2023.

Today 07:05 Advance Energy PLC (ADV)
Director Fundraise Participation to raise £80,000
https://www.investegate.co.uk/advance-e ... 05026903T/
Further to the announcement made earlier this morning, concerning the Placing and Intended Director Participation, the Company can confirm that certain directors of Advance ("Directors") have subscribed for 94,117,646 new Ordinary Shares at the Issue Price and 94,117,646 Warrants as set out below (the "Director Participation").

Today 07:00 Advance Energy PLC (ADV)
Placing & Intended Subscription to raise £425,000
https://www.investegate.co.uk/advance-e ... 00086906T/
The Company announces that it has raised £345,000 (gross), before expenses, by way of a placing (the "Placing") and, in addition, has received intentions to participate in the Placing and a subscription on the same terms as the Placing to raise, in aggregate, a further £80,000 from certain directors (the "Intended Director Participation").
The Placing has been arranged by Optiva Securities Limited and comprises the issue to new and existing shareholders of 405,882,354 ordinary shares of no par value ("Ordinary Share") at an issue price of 0.085 pence per Ordinary Share ("Issue Price"), and the issue of one warrant ("Warrant") for every one new Ordinary Share issued. Each Warrant gives the holder the right to subscribe for one new Ordinary Share at a price of 0.13 pence per Ordinary Share at any time from the issue of the Warrant up to (and including) 5.00 p.m. on 26 July 2025...
the Company is now focused on a select number of potentially value accretive deals with an emphasis on proven resources that are intended to provide immediate and sustainable cash flow generation.
"We are now at the stage where we call on the support of third parties to contribute to the relevant due diligence required to progress an acquisition and this funding will allow that work to be undertaken. While the Board is optimistic in progressing an acquisition there is no guarantee at this stage that any transaction will be completed. We will keep the market updated as these projects develop."
[currently a Rule 15 cash shell after their licence expired]

Today 07:00 Deltic Energy PLC (DELT)
Positive Well Investment Decision on Selene
https://www.investegate.co.uk/deltic-en ... 0056808T/s pleased to confirm that it and Shell U.K. Limited ("Shell"), its Joint Venture Partner on Licence P2437 (the "Licence"), have made a positive well investment decision to drill the high impact Selene Gas Prospect on Licence P2347 situated in the UK Southern North Sea off the North East coast of England...The Selene Prospect is one of the largest unappraised structures in the Leman Sandstone fairway of the Southern Gas Basin and Deltic estimates Selene to contain gross P50 Prospective Resources of 318 BCF of gas (with a P90 to P10 range of 132 to 581 BCF) with a geological chance of success of 70%.

Today 07:00 Block Energy PLC (BLOE)
Operations Update
https://www.investegate.co.uk/block-ene ... 00056818T/
is pleased to announce the commencement of Project II of its three-project strategy, the re-development of the Patardzeuli Middle Eocene reservoir, with the drilling of well JSR-01DEEP by September. The well will be self-funded using the cash generated from operations.

Today 07:00 Rockhopper Exp plc (RKH)
Sea Lion Update
https://www.investegate.co.uk/rockhoppe ... 00076870T/
is pleased to announce that all regulatory consents required for the transaction between the Company, Harbour Energy plc ("Harbour") and Navitas Petroleum LP ("Navitas") as announced on 19 April 2022 (the "Transaction") have been received from both the Falkland Islands Government ("FIG") and the UK Secretary of State. As part of the Transaction, FIG has agreed to grant a two-year licence extension to all the licences held by Rockhopper in the North Falkland Basin. Accordingly, the licences will now run until 1 November 2024.
The Transaction remains subject to certain other conditions but is expected to formally complete during Q3 2022.

Today 07:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0024EOGNT/
all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during April 2022. Genel’s share of those payments is as follows....
Following the receipt of the receivable recovery payment, Genel is now owed $58 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from April to December 2020

Today 07:00 Canadian O'Seas Petr (COPL)
COPL Completes Acquisition of Cuda Energy
https://www.investegate.co.uk/canadian- ... 00087371T/
is pleased to announce that the acquisition of the United States assets of Cuda Energy LLC ("Cuda") by its affiliate, COPL America Inc., will close today.

Today 07:00 Lekoil Limited (LEK)
Resumption of Trading
https://www.investegate.co.uk/lekoil-li ... 00086637T/
is pleased to announce that following the publication of its Interim Report on 25 July 2022, the suspension of trading has been lifted and the Company's shares are now trading under the ticker LEK.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00066869T/
it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00036898T/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Union Jack Oil PLC (UJO)
Appointment of Shore Capital as Joint Broker
https://www.investegate.co.uk/union-jac ... 00086633T/
is pleased to announce the appointment of Shore Capital as Joint Broker to the Company, with immediate effect. SP Angel will continue as Nominated Adviser and as Joint Broker to Union Jack.

Today 07:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00056833T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 07:00 Prospex Energy PLC (PXEN)
Updated Corporate Presentation
https://www.investegate.co.uk/prospex-e ... 00096807T/
an updated corporate presentation for Q3 2022 is now available to view on the Company's website https://www.prospex.energy/home/

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#517781

Postby Hallucigenia » July 28th, 2022, 6:34 am

Catching up with yesterday - solid interims and outlook from UOG, UKOG place 8% of company at 27% discount with another one to come, Coro see increasing production from Sillaro and very helpful gas prices (TTF now over €200 on further Nordstream games), Quadrise have a testing deal with MSC, DEC buy another plugging company.

Brent=$107.25(July)               WTI=$98.21(August,Brent-9.04)     Nymex gas=$8.58(August)   
NBP =371.62p(July,Nymex+36.61) TTF=€205.225(August,Nymex+52.83) JKM=$43.130(September,Nymex+34.55)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00049858T/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:14 Southern Energy Corp (SOUC)
DIRECTOR/PDMR DEALING
https://www.investegate.co.uk/southern- ... 14209836T/
Director Steven Smith buys ~£70k

Yesterday 17:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00059755T/
On 26-Jul-2022, The Leona M. and Harry B. Helmsley Charitable Trust reduced from 4.175% to 3.961%.

Yesterday 16:41 Zenith Energy Ltd (ZEN)
Payment of multi-currency bond coupon
https://www.investegate.co.uk/zenith-en ... 41309771T/
is pleased to announce that it has today made coupon payments, in full and on time, in respect of the following multi-currency Euro Medium Term Notes the Company has listed on the Vienna MTF of the Vienna Stock Exchange: -

Yesterday 16:35 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 35519760T/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's dropped -13.6% having touched -17%. Over the last 2 weeks it's down -15.9%.

Yesterday 16:11 Egdon Resources PLC (EDR)
Notification of Major Holdings
https://www.investegate.co.uk/egdon-res ... 11559735T/
On 20-Jun-2022,Patrick Evershed CBE (and family accounts) holding via Killik & Co LLP increased from 5.08% to 6.14%.

Yesterday 15:51 OMV Petrom S.A. (PETB)
Availability of the H1/22 results
https://www.investegate.co.uk/omv-petro ... 51069723T/
OMV Petrom Group's unaudited consolidated results for the period January - June 2022, prepared in accordance with the International Financial Reporting Standards will be available on the website www.omvpetrom.com , at the Bucharest Stock Exchange (SNP symbol), and at the London Stock Exchange (PETB and PETR symbols), starting July 28, 2022, 8:00 a.m. (Bucharest time), simultaneously with the publishing of the OMV's (majority shareholder) results on the Vienna Stock Exchange and on the website www.omv.com .

Yesterday 15:37 PAO Novatek (NVTK)
Announcement Regarding 2Q22 Financial Statements
https://www.investegate.co.uk/pao-novat ... 37079711T/
announced today that the Company has decided not to publish its financial statements and not to hold a teleconference with investors on the second quarter and the first half 2022 financial results. [So there!]

Yesterday 14:00 UK Oil & Gas PLC (UKOG)
Successful Placing
https://www.investegate.co.uk/uk-oil--- ... 00459604T/
it has successfully raised gross proceeds of £1.25 million by means of a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") at a price of 0.0875 pence per share (the "Placing Price"). The Placing Price represents a discount of approximately 27 per cent to the Closing Price of 0.12 pence
· The Placing Shares represent 8.09 per cent. of the Enlarged Issued Share Capital.
Working capital and more Turkish seismic to allow possibility of vertical well from new location rather than highly deviated from existing.

Yesterday 13:26 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art.108 L.24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 26509586T/
July 26, 2022 Electricity sale on PCCB-LE-FLEX, September 2022 to E.ON

Yesterday 12:49 Providence Resources (PVR)
Result of AGM
https://www.investegate.co.uk/providenc ... 49449559T/
is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held earlier today.

Yesterday 12:00 Genel Energy PLC (GENL)
Changes to Director’s Responsibilities
https://www.investegate.co.uk/genel-ene ... 0003ETOWF/
from 27 July 2022 David McManus has been appointed Chair of the HSSE Committee.

Yesterday 11:05 S.N.G.N. Romgaz S.A. (SNGR)
Auditor Report - H 1 2022 Contracts
https://www.investegate.co.uk/s.n.g.n.- ... 05039338T/
· Publication of the Auditor's Report according to art. 108 from Law no. 24/2017 regarding the transactions reported in the 1st Semester of 2022

Yesterday 10:54 Oilex Ltd (OEX)
Cambay C-77H Re-frac Operations Update No5
https://www.investegate.co.uk/oilex-ltd ... 54509321T/
The second of the two zones has been perforated and fracced. The wellbore will be cleaned out and bridge plugs milled out to enable the well to be placed on production testing. The hydraulic fraccing equipment will be demobilised.

Yesterday 10:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00069191T/
Transfer for nil consideration by EIG Asset Management, LLC, Person Closely Associated with R. Blair Thomas, Chairman of Harbour Energy plc

Yesterday 07:38 TotalEnergies SE (TTE)
TotalEnergies and Veolia Partner to Build the Largest Solar System for a Desalination Plant in Oman
https://www.investegate.co.uk/totalener ... 3800Z1205/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Veolia have signed an agreement to start the construction of the largest solar photovoltaic (PV) systems providing power for a desalination plant in Oman, in the city of Sur. The power plant will be located on the site of the Sharqiyah Desalination plant, which is a reference in Oman and in the gulf region, supplying drinking water to more than 600,000 inhabitants of the Sharqiyah region.
This 17-megawatt peak (MWp) solar project will be the first of its kind to be installed in the region. It produces annually over 30,000 megawatt-hours (MWh) of green electricity, or more than a third of the desalination plant's daily consumption, enabling it to avoid close to 300,000 tons of CO2 emissions.

Yesterday 07:10 S.N.G.N. Romgaz S.A. (SNGR)
Announcement H1 2022 Report availability&conf call
https://www.investegate.co.uk/s.n.g.n.- ... 10418901T/
The Half Year Report, the Consolidated Condensed Interim Financial Statements (not audited) for the six-month and three-month periods ended June 30, 2022 and the Separate Condensed Interim Financial Statements (not audited) for the six-month period ended June 30, 2022 are available starting with August 12, 2022, 8:30 AM (Romania time)

Yesterday 07:00 Coro Energy PLC (CORO)
Italian Portfolio: H1 2022 Production Update
https://www.investegate.co.uk/coro-ener ... 00108300T/
2.556 mmscm gas sales in Italy in H1, for €2.4m.
The increase in production in the second quarter of 2022 largely reflects Sillaro recommencing production mid-March and, as previously announced, various production enhancement initiatives are under review to further increase production of the Italian portfolio, of which the likely first initiative will be reservoir interval reperforation at Rapagnano later in the year.
The Company notes the continued momentum in domestic Italian natural gas prices into July 2022, which would, at current levels, result in further increases in monthly revenues over Q2 2022 exit monthly revenues.

Yesterday 07:00 Diversified Energy (DEC)
Acquisition of Appalachian Plugging Company
https://www.investegate.co.uk/diversifi ... 00148878T/
announces that is has acquired the well services and plugging assets and operations of Contractor Services Inc. of West Virginia ("ConServ" or the "Acquisition"), representing the Company's third acquisition of an Appalachian asset retirement operator during 2022.
The Acquisition significantly enhances the visibility by which Diversified will meet its stated commitment to retire at least 200 wells per year across the Company's Appalachian footprint, well in excess of state minimum plugging requirements

Yesterday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00148411T/

Yesterday 07:00 Quadrise Fuels Intnl (QFI)
Framework Agreement with MSC Shipmanagement
https://www.investegate.co.uk/quadrise- ... 00128355T/
is delighted to announce it has signed a Framework Agreement ("Agreement") with MSC Shipmanagement Limited of Cyprus ("MSC Shipmanagement"), a 100% subsidiary of MSC Mediterranean Shipping Company SA ("MSC").
Under the Agreement, proof-of-concept tests and subsequent operational trials will be carried out using both bioMSAR™ and MSAR® fuel on one or more commercial container vessels, as essential precursor steps to the intended commercial supply of these fuels to MSC's global fleet. The proof-of-concept tests for each of bioMSAR™ and MSAR® will be conducted on a vessel now owned by MSC that was previously used for prior successful MSAR® demonstrations on a 69MW 2-stroke engine and commence by no later than 31 December 2022, subject to the ongoing availability of the vessel (the "POC Trials"). Each POC Trial is estimated to require 1,000 metric tons ("MT") of fuel to confirm engine performance on the vessel.
Quadrise is delighted to have signed this new agreement with MSC Shipmanagement, the biggest in-house ship management company globally responsible for the largest container ship fleet in the world.
[up 9%]

Yesterday 07:00 United Oil & Gas PLC (UOG)
Half-year 2022 Trading and Operations Update
https://www.investegate.co.uk/united-oi ... 00128368T/
Production in Egypt has been in-line with expectations, and the fully funded work programme continues with the AJ-14 development well currently drilling. We look forward to building on the progress made in the first-half through the completion of the 2022 drilling programme in Egypt, which includes the ASH-4 development well and an exciting exploration well targeting c.8 mmbbls gross mean recoverable resources. In the UK, we look forward to the completion of the independent contingent resources report on the Maria discovery and in Jamaica the farmout campaign continues supported by the higher oil price environment and improved industry sentiment towards quality exploration opportunities."
· 1H 2022 Group working interest production averaged 1,552 boepd in line with full-year guidance of 1,500-1,650 boepd with oil constituting circa 85% of average production
· Group revenue for the first half of 2022 is expected to be approx. $10m(1) (1H 2021:$10.2m)
· The average realised oil price per barrel from Egypt achieved was approx. $105.5/bbl (1H 2021:$63.1/bbl), representing a discount to Brent of circa $2.37/bbl (1H 2021:$1.95)
· Cash balances as at 30 June 2022 were approx. $3.8m (1H 2021:$2m)
· Full year 2022 production guidance remains unchanged at 1,500-1,650 boepd
o Two further Egypt wells scheduled to be drilled in 2H:
§ ASH-4 development well, targeting 2.2 mmbbls gross recoverable resources from the prolific AEB reservoir
§ Exploration well ASF-1X with pre-drill target of c. 8 mmbbls gross recoverable resources
o Independent Maria contingent resources report expected Q3/Q4 2022 ahead of assessing commercialisation options
o Number of companies currently conducting detailed technical evaluations of [Jamaica farmout]

Yesterday 07:00 Mosman Oil & Gas (MSMN)
Cinnabar Development Drilling Update
https://www.investegate.co.uk/mosman-oi ... 00148892T/
advises an update on the planned drilling at Cinnabar in East Texas, as well as a joint venture for 10% of the lease. Casing purchased and rig contract signed...the timeline remains on track for drilling to commence in early September, subject to the final rig schedule.
Mosman has farmed-out an additional 10% of the lease, reducing the amount to be spent and its ownership of the lease to 75%. No further farm outs are envisaged. Under the terms of the additional farm-out the incoming party will fund 13.3% of costs to earn a 10% share of the lease....
at its financial year end, 30 June 2022, it had circa AUD2.4 million in cash.

Hallucigenia
Lemon Quarter
Posts: 1446
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#518064

Postby Hallucigenia » July 29th, 2022, 7:14 am

Catching up with yesterday first - aside from Shell and Total announcing blowout interim numbers, I guess the more interesting ones from a small oily perspective were DEC buying CP assets for $210m in another incremental deal, and Jadestone buying some NW Shelf bits from BP. Also good numbers from Petrom and Seplat, and a solid trading update from President.

Yesterday 18:19 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1950H7017/
They bought back 2,450,000 shares

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00051542U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 16:35 Jadestone Energy PLC (JSE)
Price Monitoring Extension
https://www.investegate.co.uk/jadestone ... 35431486U/
https://uk.finance.yahoo.com/quote/JSE.L/chart
On the day it's jumped +8.1% with a spike to +8%. Over the last 2 weeks it's jumped +15.7% with a spike to +16%.

Yesterday 15:47 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 4710P1E8B/
On 27-Jul-2022, BlackRock, Inc. reduced from 5.85% to below 5%

Yesterday 15:17 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 17211435U/
On 27-Jul-2022, Newtyn Management, LLC (New York United States) increased from 4.008% to 5.249%.

Yesterday 14:25 TotalEnergies SE (TTE)
Angola: TotalEnergies is Rolling out its Multi-Energy Strategy by Launching Three Projects in Oil, Gas and Solar Energy
https://www.investegate.co.uk/totalener ... 2500Z3105/
As part of the rollout of its multi-energy strategy in Angola, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the launch of the Begonia oil field, and Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country, with a capacity of 35 MWp and the possibility of adding 45 MWp in a second phase.

Yesterday 14:05 Seplat Energy PLC (SEPL)
Board announcement
https://www.investegate.co.uk/seplat-en ... 05511357U/
Ms Arunma Oteh, OON, an Independent Non-Executive Director ("INED") has notified the Board of her intention to retire from the Board as an INED, effective 31st December 2022 . Mr. Basil Omiyi, Chairman of Seplat Energy Plc, expressed his heartfelt appreciation and commendation

Yesterday 13:15 Serinus Energy PLC (SENX)
Director/PDMR Shareholding
https://www.investegate.co.uk/serinus-e ... 15011299U/
The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 14 July 2022 at 7.00 a.m. under RNS No 4140S The average price has been corrected to 10.2 pence. The aggregate value has been corrected to £9,996.

Yesterday 11:45 Pennpetro Energy PLC (PPP)
Change in Admission Date
https://www.investegate.co.uk/pennpetro ... 45041131U/
the admission of the issued 952,268 shares to the Company's US$20 million facility provider GEM Yield Bahamas, will now become effective and trading on the London Stock Exchange's Main Market for listed securities will commence at 8.00am on 29 July 2022.

Yesterday 11:25 TotalEnergies SE (TTE)
Half-year Report
https://www.investegate.co.uk/totalener ... 2500Z2801/
In the second quarter of 2022, the Company generated adjusted net income of $9.8 billion and IFRS net income of $5.7 billion. TotalEnergies recorded in its accounts a new $3.5 billion impairment charge related mainly to the potential impact of international sanctions on the value of its Novatek stake. Excluding Russia, adjusted net income was $9.1 billion.
The iGRP (integrated Gas, Renewables & Power) segment posted adjusted net operating income of $2.6 billion and cash flow of $2.4 billion in the second quarter of 2022, confirming the levels reached in previous quarters.
Exploration & Production posted adjusted net operating income of $4.7 billion and cash flow of $7.4 billion, despite a decrease in production in the quarter that was due to planned maintenance and security-related cuts in Nigeria and Libya. TotalEnergies approved the launch of projects, such as Ballymore in the U.S., Begonia, CLOV Phase 3 in Angola, as well as Eldfisk North in Norway.
Downstream benefited from exceptionally high refining margins on distillates and gasoline to report adjusted net operating income of $3.2 billion, up sharply over the quarter, and cash flow of $3.5 billion. In this context, the Company announced a fuel price reduction program benefitting its French customers.
The Company’s cash flow was $13.2 billion ($12.4 billion excluding Russia) and free cash flow(3) was $4.5 billion, after buying back $2 billion of shares in the second quarter as announced. The Company reduced its gearing ratio to less than 10%.

Yesterday 09:50 San Leon Energy PLC (SLE)
Holding(s) in Company
https://www.investegate.co.uk/san-leon- ... 50250731U/
was informed on 27 July 2022 that funds managed by Toscafund Asset Management LLP held 328,458,936 ordinary shares in the Company, representing 73.00% of the issued share capital of the Company.

Yesterday 09:32 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 32160706U/
On 26-Jul-2022, Kite Lake Capital Management (UK) LLP increased from 5.015% to 6.666%.

Yesterday 08:46 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 46020666U/
On 26-Jul-2022, Bank of America Corporation reduced from 14.207% to 13.979%.

Yesterday 08:11 Igas Energy PLC (IGAS)
Additional Listing Director/PDMR Shareholding
https://www.investegate.co.uk/igas-ener ... 11160588U/
an application has been made to the London Stock Exchange for a total of 62,696 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the IGas Energy plc Share Incentive Plan

Yesterday 07:47 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L.24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 47590581U/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on July 27, 2022, in the amount of RON 200,000,000.00, due on August 25, 2022.
The interest percentage rate applied to the above mentioned deposit is 8.75% per year.

Yesterday 07:47 TotalEnergies SE (TTE)
TotalEnergies Announces the Second 2022 Interim Dividend of €0.69/Share, an Increase of 5% Compared to 2021
https://www.investegate.co.uk/totalener ... 4700Z2506/
declared the distribution of the second 2022 interim dividend at €0.69/share, similar to the first 2022 interim and an increase of 5% from the interim and the final dividends paid for the 2021 financial year.

Yesterday 07:44 Seplat Energy PLC (SEPL)
Corporate Announcement - Interim Dividend Payment
https://www.investegate.co.uk/seplat-en ... 44570579U/
today announces an interim dividend at a rate of USD2.5cents (United States Two point Five Cents) per Ordinary Share (subject to appropriate WHT) to be paid to SEPLAT's shareholders whose names appear in the Register of Members as at the close of business on 12th August 2022

Yesterday 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30030032U/
The Company was notified on 27 July 2022 that, on the same day, Jann Brown, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a purchase price of £0.218 per Share. The Shares were purchased on the open market pursuant to trading plans entered into by each Director on 19 April 2022.

Yesterday 07:24 Star Phoenix Group (STA)
Update On RRDSL Claim
https://www.investegate.co.uk/star-phoe ... 24260573U/
Star Phoenix is pleased to announce that [its Trinidad subsidiary] has won a claim at an amount of approximately TT$1.1 million (£132,000) against 360 Oil and Gas Limited in the Supreme Court of Trinidad and Tobago in respect of unpaid service fees.

Yesterday 07:03 Shell plc (SHEL)
Shell announces commencement of a share buyback programme
https://www.investegate.co.uk/shell-plc ... 0300H6841/
announces the commencement of a $6 billion share buyback programme covering an aggregate contract term of approximately three months

Yesterday 07:02 Shell plc (SHEL)
Shell plc publishes second quarter 2022 press release
https://www.investegate.co.uk/shell-plc ... 0200H6850/
Strong performance in a turbulent economic environment with Adjusted Earnings of $11.5 billion in Q2 2022. Adjusted EBITDA of $23.1 billion in Q2 2022 versus $19.0 billion in Q1 2022.
Announced $6 billion share buybacks are expected to be completed by Q3 2022 results; total distributions significantly in excess of 30% of CFFO for the last four quarters. With the current energy sector outlook and subject to Board approval, shareholder distributions are expected to remain in excess of 30% of CFFO.
In the first half of 2022 shareholder distributions have doubled from those in the first half of 2013, a decade ago, when Brent prices were similar, with increased discipline, integrated value delivery and improved resilience driving better results.
Strengthening energy security through natural gas investments in Pierce and Jackdaw (UK), participation in the North Field LNG expansion (Qatar) and Crux FID (Australia). Positioning for the future of energy with a final investment decision for Holland Hydrogen I (Netherlands) and progressing the completion of the acquisition of Sprng Energy (India).
Disciplined cash capex: expected to be in the $23 - 27 billion range in 2022.


Yesterday 07:02 Shell plc (SHEL)
Shell plc Second Quarter 2022 Interim Dividend
https://www.investegate.co.uk/shell-plc ... 0200H6842/
today announced an interim dividend in respect of the second quarter of 2022 of US$ 0.25 per ordinary share.

Yesterday 07:00 Diversified Energy (DEC)
Complementary Central Region Acquisition
https://www.investegate.co.uk/diversifi ... 00170539U/
it has entered into a Purchase and Sale Agreement ("PSA") to acquire certain upstream assets and related facilities (the "Assets") in Oklahoma and Texas, within the Company's Central Region, from ConocoPhillipsit has entered into a Purchase and Sale Agreement ("PSA") to acquire certain upstream assets and related facilities (the "Assets") in Oklahoma and Texas, within the Company's Central Region, from ConocoPhillips
• Estimated net price of ~$210 million ("Acquisition Cost") with a late September closing ("the Closing")
• Fully financed from existing liquidity
• Cash margins(a) of ~70% on estimated Adjusted EBITDA of $82 million(b)
• Uplift of ~20% to Diversified's 2021 Hedged Adjusted EBITDA per share(c)
• Net production(g) increase of ~9 MBoepd (~52 MMcfepd; 60% operated), (+6% vs 1Q22 exit rate)

Yesterday 07:00 Jadestone Energy PLC (JSE)
Acquisition of interest in North West Shelf
is pleased to announce that it has executed a sale and purchase agreement (the "Agreement") with BP Developments Australia Pty Ltd ("BP", or the "Seller"), to acquire the Seller's non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields development (the "North West Shelf Oil Project"), offshore Western Australia, for a total initial headline cash consideration of US$20 million, to be funded from the Company's cash resources, and certain subsequent contingent and decommissioning payments
· Jadestone is acquiring 10.4 mmbbls[1] as at an effective date of 1 January 2020, comprising 1.5 mmbbls of production since the effective date, 5.1 mmbbls of 2P reserves and a further 3.9 mmbbls of 2C resource. Based on a consideration of US$24 million[2], this represents an acquisition cost of ~ US$2.30/bbl. The transaction includes the Seller's entire 16.67% working interest in the CWLH fields, subsea infrastructure, FPSO, and full abandonment liabilities estimated at US$82 million;

Yesterday 07:00 OMV Petrom S.A. (PETB)
Results for January - June and Q2 2022
https://www.investegate.co.uk/omv-petro ... 00170525U/
u Clean CCS net income attributable to stockholders at RON 3.0 bn, up 341%
u Cash flow from operating activities at RON 3.7 bn, 148% higher
u CAPEX at RON 0.8 bn, up 19%
u Free cash flow after dividends improved to RON 1.1 bn from an outflow of RON 0.4 bn
u Clean CCS ROACE at 26.9%, 20 pp higher
Production decreased by 10.2%, mainly due to divestments and high natural decline
u Production cost improved by 12% to USD 10.9/boe, mainly driven by a one-off effect and favorable FX, partly offset by lower production available for sale Refining and Marketing
u OMV Petrom indicator refining margin at USD 24.4/bbl, up 473% on higher product spreads, mainly for diesel and gasoline

Yesterday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00160030U/

Yesterday 07:00 President Energy PLC (PPC)
Trading and Corporate Update
https://www.investegate.co.uk/president ... 00150013U/
The three new wells at the Puesto Guardian Concession, Salta Province, Argentina are all on stream and each producing in the range of 125-185 barrels of oil per day. In addition, intervention work is being made on older wells at the Concession to enhance production. Trading overall in Argentina remains operationally profitable with President generating good free cash flow and exporting oil to the extent possible and appropriate. Domestic oil prices continue to increase with oil prices being in our core Neuquen Basin area presently some $67 per barrel and progressively increasing step by step. The price invoiced by the Company for the export cargo sold in July was US$105.8 per barrel.

Yesterday 07:00 Seplat Energy PLC (SEPL)
H1 2022 Results
https://www.investegate.co.uk/seplat-en ... 00160028U/
· Revenues up 71% from 6M 2021 to $527.0 million, higher realised oil prices of $107/bbl
· EBITDA up 92% to $342.7 million (adjusted for non-cash items)
· Strong cash generation of $330.1 million, capex of $70.7 million
· Strong balance sheet with $350.0 million cash at bank, net debt of $418.6 million
· Lower production opex of $8.1/boe
· Full-year guidance narrowed to 50-54 kboepd (excludes Ubima)
· Transformational acquisition announced in February 2022 will almost triple production and boost reserves
· Seplat Energy reiterates that the Sales & Purchase Agreement (SPA) signed on 25 February 2022 to acquire Exxon's shallow water operations in Nigeria, MPNU, remains valid and the Company remains confident that the proposed acquisition will be brought to a successful conclusion in accordance with the law
Working interest production for 6M 2022 averaged 49,924 boepd, (6M 2021: 50,021 boepd, excluding Ubima), with an oil / gas mix of 59% and 41%, respectively.

Yesterday 07:00 Shell plc (SHEL)
Shell Plc 2nd Quarter 2022 and Half Year Unaudited Results
https://www.investegate.co.uk/shell-plc ... 0000H6845/
Although headline income went from $3.4bn to $18bn, FCF grew more modestly from $9.7bn to $12.4bn, with losses from investing activities doubling to $6.2bn (assume there's some Russia in there?). Gearing has reduced from 27.7% to 19.3% and production down 2% yoy.
Income attributable to Shell plc shareholders, compared with the first half 2021, mainly reflected higher realised prices, higher refining margins, higher trading and optimisation results, partly offset by lower volumes, and lower Chemicals margins.

Yesterday 07:00 Velocys PLC (VLS)
Additional Application for Block Admission
https://www.investegate.co.uk/velocys-p ... 00179712T/
for block admission has been made for 5,000,000 ordinary shares of 1p each ("Ordinary Shares") in the Company ("Block Admission Shares") to be admitted to trading on AIM on 2 August 2022...The Block Admission Shares will be allotted in accordance with the rules of the Velocys Group 2012 Share Option Scheme

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Re: Hal's oily roundup

#518074

Postby Hallucigenia » July 29th, 2022, 7:49 am

Pantheon talk up provisional results from Alkaid2, Oilex are back under their new name Synergia, Nostrum have a trading update not that it really matters to previous shareholders given the way they've been diluted out, Parkmead launch the farmout of Greater Perth in the North Sea.

Brent=$106.9(July)                 WTI=$96.64(August,Brent-10.26)     Nymex gas=$8.14(August)   
NBP =376.11p(August,Nymex+37.85) TTF=€201.000(September,Nymex+52.28) JKM=$41.540(September,Nymex+33.40)

Today 07:00 Synergia Energy Ltd (SYN)
Restoration of Trading on AIM
https://www.investegate.co.uk/synergia- ... 00061447U/
the change of name process has now been completed such that the Company's ordinary shares of no par value will be restored to trading on AIM under the ticker code 'SYN' with effect from 7.30am (London time) today.

Today 07:00 Nostrum Oil & Gas (NOG)
Operational Update for 2Q and 6M 2022
https://www.investegate.co.uk/nostrum-o ... 00071504U/
Daily sales volumes averaged 13,102 boepd (H1 2021: 16,249 boepd).
· H1 2022 revenues expected to be in excess of US$107m against average H1 2022 Brent prices of US$105.0/bbl (H1 2021: US$92m, average Brent price of US$65.2/bbl).
· Exported crude and condensate currently faces a large Urals discount which has widened during H1 2022. The Company is working on reducing this discount and optimising netbacks.
· The Group's unrestricted cash position as at 30 June 2022 was in excess of US$208m (31 March 2022: US$180.8m).
Following the Convening Hearing on 20 June 2022, the Court issued an order granting the Company permission to convene the scheme meeting. The scheme meeting will take place, and the restructuring will be implemented as soon as practicable following the receipt of all necessary authorisations and licences required to hold the scheme meeting.
Nostrum plans to release its H1 2022 interim financial report including unaudited and unreviewed interim condensed consolidated accounts for the period ending 30 June 2022 on 16 August 2022.

Today 07:00 Europa Oil & Gas (EOG)
FEL 4/19 - Status of Licence
https://www.investegate.co.uk/europa-oi ... 00091598U/
the Irish government Department of the Environment, Climate and Communications ("DECC") has advised the Company that its FEL 4/19 licence will remain live until the DECC notifies the Company otherwise.
The Company has completed all work commitments for the first phase of the licence and in March 2022 applied to DECC for an extension to the first phase in order to carry out further technical studies and allow more time to secure a farm out of the licence. The licence extension application remains under review, and whilst there can be no guarantee the extension will be granted, the DECC has confirmed that the licence will remain live, pending a decision on the application, regardless of how long it takes for DECC to make the decision.

Today 07:00 Pantheon Resources (PANR)
Operational Update, Alkaid #2 Well
https://www.investegate.co.uk/pantheon- ... 00131727U/
· The Alkaid #2 pilot hole has now reached a total vertical depth of 8,584 feet ('ft'), with a measured depth of 8,950 ft, having encountered multiple oil bearing reservoirs in all three targeted formations in the well: (i) the Shelf Margin Deltaic, (ii) the Alkaid Anomaly, and (iii) the deeper, untested extension of the Alkaid Anomaly ("Alkaid Deep").
· Initial analysis indicates significant improvements in reservoir quality which could potentially lead to a material upgrade of the current resource for all targeted horizons.

Today 07:00 Parkmead Group (The) (PMG)
Launch of Greater Perth Area farm-out
https://www.investegate.co.uk/parkmead- ... 00101666U/
it has engaged a leading energy corporate finance advisory firm, Gneiss Energy Limited, to manage the process to find a suitable partner (or partners) in relation to the Company's 100% interest in the Greater Perth Area ("GPA") development project. The core Perth field holds approximately 55 million barrels of recoverable oil equivalent ("MMBoe") on a most likely, P50 basis. The wider GPA project has the potential to deliver between 75 and 130 MMBoe on a P50 basis and could provide material value-adding volumes to surrounding infrastructure through field life extension. GPA is one of the North Sea's largest undeveloped oil projects and has been fully appraised, so no further appraisal drilling is needed. The constituent fields have been flow tested at rates of up to 6,000 barrels of oil per day and have produced good quality, light crude oil of between 37° and 32° API. Parkmead has had recent dialogue on commercial terms with the nearby Scott field partnership for the potential tie-back of the GPA project to Scott. Scott lies just 6 miles southeast of the GPA project and a tie-back could yield a number of mutually beneficial advantages for both the Scott partnership and the Perth owners.

Today 07:00 DG Innovate PLC (DGI)
Update re publication of Report and Accounts
https://www.investegate.co.uk/dg-innova ... 00101692U/
announces that it is experiencing a continued delay to publishing its audited report and accounts for the year ended 31 December 2021. As noted previously, the audit process had a delayed start with a late change in auditor after the end of the financial year. The Company continues to work closely with Moore Kingston Smith LLP, auditor to the Company, to ensure that the audited report and accounts for the year ended 31 December 2021 is published as soon as possible.

Today 07:00 Lekoil Limited (LEK)
Directorate Change
https://www.investegate.co.uk/lekoil-li ... 00151722U/
Non-Executive Chairman, Mr Olapade Durotoye has notified the Board of Directors of his intention, subject to final agreements, to take up a significant role with Savannah Energy PLC in Nigeria. Savannah Energy is an investor in the company and by the terms of the Convertible Facility Agreement between the Company and a Savannah Energy subsidiary (as announced by the Company on 28 February 2022), the Savannah Energy subsidiary is entitled to appoint two Directors to the Board of the Company. Mr Durotoye will take up the second Director's seat.

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00151648U/
On 27-Jul-2022, AXA Investment Managers S.A. (Puteaux France) reduced from 5.04% to 4.99%.

Today 07:00 Diversified Energy (DEC)
Total Voting Rights
https://www.investegate.co.uk/diversifi ... 00091616U/
the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this announcement is 850,961,129 with each ordinary share carrying the right to one vote. There are no ordinary shares held in treasury and therefore the total number of voting rights in the Company is 850,961,129.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00111721U/

Today 07:00 Tlou Energy Ltd (TLOU)
Total Voting Rights
https://www.investegate.co.uk/tlou-ener ... 00061437U/
it has 600,205,289 ordinary shares ("Ordinary Shares") of no par value in issue. The Company does not hold any shares in treasury and all of the Ordinary Shares have equal voting rights.

Today 07:00 Union Jack Oil PLC (UJO)
Total Voting Rights
https://www.investegate.co.uk/union-jac ... 00060891U/
the total issued share capital of the Company with voting rights is 112,865,896 ordinary shares. There are no shares currently held in treasury.

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Re: Hal's oily roundup

#518258

Postby Hallucigenia » July 30th, 2022, 8:33 am

Catching up with the rest of Friday, the big news is the SDX shareholder group successfully rejecting the Tenaz takeover, and Tenaz deciding not to go hostile. Angus seem to be having significant IT issues with Saltfleetby, enough for them to push back some of their Q3 hedges into the winter. Synergia (Oilex) seem to have had a successful refrac but no flow rates yet. Po Valley/Prospex have received the key government approval for Podere Maiar development. San Leon/Decklar have a solid well result in Nigeria.

Brent=$103.97(August)               WTI=$98.3(August,Brent-5.67)     Nymex gas=$8.29(August)   
NBP =351.92p(August,Nymex+34.58) TTF=€190.915(September,Nymex+48.93) JKM=$42.225(September,Nymex+33.94)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00053348U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5814H7258/
They bought back 1,900,000 shares

Yesterday 17:32 Shell plc (SHEL)
Voting Rights and Capital
https://www.investegate.co.uk/shell-plc ... 3241H7252/
Shell plc's capital as at July 29, 2022, consists of 7,341,114,962 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.

Yesterday 17:22 Pharos Energy PLC (PHAR)
Total Voting Rights
https://www.investegate.co.uk/pharos-en ... 22173342U/
As at 29 July 2022, the Company's issued share capital consisted of 451,107,375 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury. The total number of voting rights in the Company is therefore 441,985,107.

Yesterday 16:53 Serica Energy PLC (SQZ)
Rule 2.9 Announcement
https://www.investegate.co.uk/serica-en ... 53313285U/
as at the close of business on 29 July 2022, Serica's issued share capital consisted of 272,005,631 ordinary shares of US$0.10 each.

Yesterday 16:36 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 36073260U/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +13% with a spike to +22%. Over the last 2 weeks it's up +14.6% with a spike to +24%.

Yesterday 16:01 Trinity Exploration (TRIN)
Total Voting Rights
https://www.investegate.co.uk/trinity-e ... 01303213U/
the Company has 39,032,623 Ordinary Shares of USD 0.01 each in issue with no shares held in treasury.

Yesterday 16:00 TOTALENERGIES SE (TTE)
Half-year Report
https://www.investegate.co.uk/totalener ... 0000Z4700/
Certification of the person responsible for the half-year financial report

Yesterday 14:45 Tenaz Energy Corp. ()
Termination of SDX Energy Plc Acquisition
https://www.investegate.co.uk/tenaz-ene ... 45043118U/
Earlier today, SDX announced the results of its Meeting of Shareholders to consider the Scheme of Arrangement (the "Scheme") to amalgamate Tenaz and SDX. As a percentage of issued and outstanding SDX shares, 20.2% voted in favor with 21.6% against the Scheme at the SDX meeting. SDX had earlier announced, as reflected in a press release by Tenaz on July 18, 2022, that a shareholder group representing 25.7% of the issued and outstanding shares of SDX intended to vote against the Scheme. The results of the vote, as represented by SDX, did not meet the required threshold of 75% of voted shares in favour of the Scheme.
As of today, approximately 43% of the issued and outstanding shares of Tenaz had been voted on our Share Issuance Resolution regarding the proposed combination. Of the voted Tenaz shares, 99.995% were in favor of the resolution. However, based on the results of the SDX vote, Tenaz will no longer hold its Special Meeting of Shareholders, which had been scheduled for this afternoon. Consequently, the Share Issuance Resolution will not come into effect, and there will be no resulting share issuance.
As announced on July 18, 2022, Tenaz had reserved the right to elect to implement the transaction by way of a Takeover Offer in compliance with UK and Canadian regulatory requirements. We have completed our evaluation of this alternative and have determined that it is not in the best interests of Tenaz shareholders to proceed with a Takeover Offer.

Yesterday 14:19 SDX Energy PLC (SDX)
Results of Court Meeting and General Meeting
https://www.investegate.co.uk/sdx-energ ... 19243086U/
Earlier today, SDX convened the Court Meeting and General Meeting in connection with the Combination. The total votes in favour of the resolutions were 48.30% at the Court Meeting and 54.27% at the General Meeting, which were below the minimum threshold (75% of those shares voted) needed to approve the resolutions.
Accordingly, certain of the conditions of the Scheme were not satisfied and, consequently, the Combination has been terminated and the Scheme has lapsed.

Yesterday 13:57 San Leon Energy PLC (SLE)
Update on development of the Oza field, Nigeria
https://www.investegate.co.uk/san-leon- ... 57383067U/
notes the announcement made by Decklar Resources Inc. ("Decklar") in Canada. San Leon has a 11% shareholding in Decklar Petroleum Limited ("DPL"), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes.
"The well is producing this volume of crude oil at a fixed choke setting of 24/64 inch over a 46 hour period. The Oza-1 well is currently producing an average of 1,184 bopd of 23 degree API sweet crude oil and flowing tubing head pressure of 400 psig with zero BS&W and an average gas oil ratio of 71 mcf/bbl. Production of crude oil from the Oza-1 well is flowing into storage tanks at the Oza Oil Field and then will be delivered by truck to the Umugini Pipeline Infrastructure Limited crude handling facilities."

Yesterday 13:48 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 48363059U/
On 27-Jul-2022, Bank of America Corporation reduced from 13.979% to 13.226%.

Yesterday 12:40 Angus Energy PLC (ANGS)
Progress Update at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 40572976U/
The commissioning sequence continues but has been delayed by issues arising from communication between different elements of the computer controls on site. These issues were substantially resolved last night by specialists engaged by the Company and its contractors such that we can now resume the commissioning sequence and move towards commercial production.
As a precautionary measure, the Company has worked with its hedge provider to roll a portion of the Q3 2022 hedge into Q1 and Q2 of 2023.

Yesterday 11:55 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 55392921U/
the Company provides the following information relating to voting rights as at 29 July 2022:

Yesterday 11:50 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 50272913U/
As at 29 July 2022, Tullow Oil plc's issued share capital consisted of 1,438,436,235 ordinary shares (with a nominal value of 10p each) with voting rights. No ordinary shares were held in treasury.

Yesterday 11:25 Synergia Energy Ltd (SYN)
Cambay C-77H Re-frac Operations Update No6
https://www.investegate.co.uk/synergia- ... 25292763U/
Subsequent to the fraccing of two zones, the C77H well is currently being cleaned up with the frac fluid being removed while gas is flowing at a rate of c. 0.5 MMSCFD through a 16/64" choke. Approximately 10% of the frac fluid has been flowed back and we do not anticipate representative gas flow rates until the majority of the frac fluid has been removed....initial indications are that the fraccing has been effective. The sustainable gas flow rates and long-term decline rates will not be known until the well has been cleaned up and flow rates stabilise. This may take 10-20 days.

Yesterday 11:22 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 22222765U/
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 29 July 2022 was as follows:

Yesterday 11:11 United Oil & Gas PLC (UOG)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/united-oi ... 11382737U/
it has received two notices of exercise of warrants to subscribe for a total of 11,550,00 new ordinary shares of £0.01 each in the share capital of the Company (the 'Warrant Shares') at a price of £0.0142857 pence per share, pursuant to the warrant instruments granted on 31 July 2017. Accordingly, the Company has issued the Warrant Shares to the warrant holders, conditional on Admission, for an aggregate cash consideration of £165,000.

Yesterday 11:02 DCC PLC (DCC)
Total Voting Rights
https://www.investegate.co.uk/dcc-plc-- ... 02232715U/
DCC plc's total number of Ordinary Shares with voting rights is 98,694,225. The total issued share capital is 101,333,904 Ordinary Shares of €0.25 each, of which 2,639,679 are held as Treasury Shares and therefore do not carry voting rights.

Yesterday 11:00 Scirocco Energy PLC (SCIR)
AGM Webcast
https://www.investegate.co.uk/scirocco- ... 00102366U/
its Annual General Meeting will be broadcast via the Investor Meet Company platform on 3rd Aug 2022 at 10:30am BST.

Yesterday 08:20 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 20402289U/
On 26-Jul-2022, The Goldman Sachs Group, Inc. increased from 11.277% to 12.389%.

Yesterday 07:40 TotalEnergies SE (TTE)
TotalEnergies and ADNOC Partner in Fuel Distribution in Egypt
https://www.investegate.co.uk/totalener ... 4000Z4104/
the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic partnership agreement signed by TotalEnergies and ADNOC on the occasion of the state visit in Paris of His Highness Sheikh, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.
Established in 1998, TotalEnergies Egypt operates about 7% of service stations in Egypt.

Yesterday 07:35 Prospex Energy PLC (PXEN)
Production Concession Granted for Selva Field
https://www.investegate.co.uk/prospex-e ... 35252277U/
Po Valley Energy Limited (ASX:PVE) ('Po Valley' or the 'Operator') has received approval for the production concession at the Podere Maiar gas field located in the Po Valley onshore in northern Italy, which lies within the Selva Malvezzi production concession ('Selva'). Prospex holds a 37% working interest in the Podere Maiar licence with the Operator holding the remaining 63%.
· On the assumption that the joint venture parties meet the development costs and secure the necessary contractors to undertake the development work, first gas is anticipated in H1 of 2023

Yesterday 07:30 AIM ()
Restoration - Synergia Energy Ltd
https://www.investegate.co.uk/aim/rns/r ... 30061377U/
Trading on AIM for the under mentioned securities was temporarily suspended. The suspension is lifted from 29/07/2022 7:30am, an announcement having been made.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#518776

Postby Hallucigenia » August 1st, 2022, 1:04 pm

Amukpe still gleaming for Seplat as they commission a new underground pipeline, and all those wells of hurt haven't stopped the dreaming of Longboat as they spud Oswig, Wildcat as they pose for photos looking for multi-bn-barrel deals in Chad/Sudan, and SDX looking to expand significantly with the help of their new mates Aleph.

Brent=$102.4(August)               WTI=$96.66(August,Brent-5.74)     Nymex gas=$8(August)   
NBP =363.02p(August,Nymex+36.40) TTF=€200.080(September,Nymex+52.10) JKM=$42.225(September,Nymex+34.23)

Today 12:33 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 33474761U/
CEO exercises options and puts them into his foundation.

Today 12:02 Block Energy PLC (BLOE)
West Rustavi/Krtsanisi Field CPR - Replacement
https://www.investegate.co.uk/block-ene ... 02004623U/
This announcement replaces RNS No. 3314U which had formatting issues. [like it missed out 1P/2P/3P etc in the table headings...]

Today 11:00 Harbour Energy PLC (HBR)
Total Voting Rights
https://www.investegate.co.uk/harbour-e ... 00014205U/
As at 31 July 2022, the Company's issued share capital consisted of 898,278,338 Ordinary Shares of 0.002 pence with voting rights. Harbour does not hold any shares in Treasury.

Today 10:52 Quadrise Fuels Intnl (QFI)
Director/PDMR Dealing
https://www.investegate.co.uk/quadrise- ... 52204432U/
August 2022 Andy Morrison, Non-Executive Chairman of the Company, purchased 700,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.4824 pence per Ordinary Share. Following this transaction Mr. Morrison is now interested in 700,000 Ordinary Shares, representing 0.05 per cent. of Quadrise's issued ordinary share capital.

Today 10:49 S.N.G.N. Romgaz S.A. (SNGR)
SNGR successfully completed ExxonMobil transaction
https://www.investegate.co.uk/s.n.g.n.- ... 49294428U/
S.N.G.N Romgaz S.A announces completion of the transaction to acquire and the transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the Deep Water Zone of Neptun XIX offshore Block in the Black Sea. [good luck with getting insurance for rigs in the Black Sea in the near future....]

Today 09:30 Quadrise Fuels Intnl (QFI)
Block Admission Interim Review
https://www.investegate.co.uk/quadrise- ... 30014149U/
provides an update in relation to the Company's block admission arrangements (the "Block Admissions") in respect of new ordinary shares of 1 pence in the Company ("Ordinary Shares") which may be issued as a result of future exercises of existing warrants. The Block Admissions have been put in place to enable the Company to handle any future exercises of existing warrants in an efficient manner.

Today 09:11 Ashtead Tech Hldgs (AT.)
Holding(s) in Company
https://www.investegate.co.uk/ashtead-t ... 11254157U/
On 28/07/2022, BP INV2 NEWCO LTD is trying to say something but hasn't filled in the amounts....

Today 09:10 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 10414144U/
On 28-Jul-2022, BlackRock, Inc. reduced from 5.46% to 5.45% and adjusted their shares vs other formats. (1.07% lent plus a bit of CFD)

Today 09:07 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 07164153U/
As at 29 July 2022, the issued share capital of BP p.l.c. comprised 19,036,485,438 ordinary shares (excluding treasury shares) par value US$0.25 per share, each with one vote; and 12,706,252 preference shares par value £1 per share with two votes for every £5 in nominal capital held.

Today 08:49 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 49084126U/
On 29-Jul-2022, Madison Avenue Partners LP (New York) increased from 5.256% to 6.094%.

Today 08:17 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 17014111U/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on July 29, 2022, in the amount of RON 70,000,000.00, due on August 25, 2022.

Today 08:00 Seplat Energy PLC (SEPL)
Commissioning of Amukpe-Escravos Pipeline
https://www.investegate.co.uk/seplat-en ... 00014102U/
is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.
The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy's major assets OML 4, 38 and 41, connecting them with the Chevron-operated Escravos Terminal. It has a capacity of 160,000 bbl/day, of which the Seplat Energy / NPDC joint venture is entitled to inject 35,000 bbl/day. Dewatering was completed on Friday 29 July and the Site Acceptance Test is now underway with commercial volumes.

Today 07:55 i3 Energy PLC (I3E)
Completion of Serenity Farmout
https://www.investegate.co.uk/i3-energy ... 55254035U/
is pleased to announce, following the fulfilment of all conditions precedent in the Farm-in Agreement ("FIA"), the completion of the farmout of a 25% working interest ("WI") in Block 13/23c North (Licence P2358) which contains the Serenity discovery, to Europa Oil and Gas Limited ("Europa"). Under the terms of the FIA, Europa will fund 46.25% of the cost of the upcoming Serenity appraisal well up to a gross capped well cost of £15 million. Any well costs exceeding £15 million will be funded by the companies in proportion to their respective working interests.

Today 07:30 Longboat Energy PLC (LBE)
Spud of Oswig Exploration Well
https://www.investegate.co.uk/longboat- ... 30054030U/
is pleased to announce the commencement of drilling operations on the Oswig exploration well (Company 20%) in Norway.
Oswig (PL1100) consists of a high pressure, high temperature Jurassic rotated fault block nearby the Equinor operated producing Tune and Oseberg fields in the Norwegian North Sea. The well is targeting the Tarbert and Ness formations, two separate intervals which are estimated to contain combined gross unrisked mean resources of 93 mmboe1, 19 mmboe1 net to Longboat. The Oswig geological chance of success is estimated to be 36%1 and the key risks are reservoir quality and fault seal....
Copernicus - the second well in the series - also anticipated to spud this quarter.
"Longboat Energy's exploration programme offers shareholders a unique opportunity to gain gas weighted drilling exposure targeting net mean prospective resource potential of 70 mmboe 1 with an upside case of 142 mmboe."

Today 07:01 SDX Energy PLC (SDX)
30 JUNE 2022 TRADING AND OPERATIONS UPDATE
https://www.investegate.co.uk/sdx-energ ... 01053520U/
· Increased production guidance: Group 2022 entitlement production guidance is increased to 3,480 - 3,795 boe/d from 3,330 - 3,550 boe/d
· US$1.8 million increase to 2022 mid-point capex guidance.
· Net Cash position of US$12.8m (unaudited) as of 30 June 2022
· With the introduction of Aleph Commodities Limited as a new cornerstone shareholder, a strategic review and expansion plans are being formulated with a focus on increased production, reserves and shareholder returns.
I am also pleased to report continued strong production of 3,742 boe/d in the first half of the year which is above our increased 3,638 boe/d mid-point entitlement guidance, and a robust net cash position of US$12.8 million as at 30 June 2022. Finally, we are working with our new cornerstone shareholder Aleph Commodities Limited on a refreshed and ambitious strategy and we will be updating the market on the outcome of this in the weeks ahead.

Today 07:00 Aminex PLC (AEX)
Strategy/Company/Ops Update
https://www.investegate.co.uk/aminex-pl ... 00103517U/
· APT has recently received the first batch of field seismic data and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 ("CH-1") well before the end of August. Field acquisition continues in order to complete the 338km2 3D seismic programme.
· APT continues to advance the planning and preparation of the final programme for the CH-1 well and reports that the target spud date for the CH-1 well remains on schedule.
Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex) and the carry is expected to see the Company through to the commencement of commercial gas production from the Ntorya gas-field, currently scheduled for the end of 2024, at zero cost to the Company.

Today 07:00 Block Energy PLC (BLOE)
West Rustavi/Krtsanisi Field CPR
https://www.investegate.co.uk/block-ene ... 00053314U/
is pleased to announce the results of a Competent Person's Report ("CPR") covering the Krtsanisi Anticline part of the West Rustavi and Krtsanisi oil field, which straddles the Company's licence blocks XIF and XIB....The scope of this CPR was deliberately focused on the Krtsanisi Anticline, and on Reserves only, rather than Contingent Resources or Prospective Resources, to support discussions and negotiations with development finance providers....The Reserves reported are only part of the Reserves reported in the previous CPR...as a CPR focused on a Krtsanisi Anticline five-well drilling programme, it is not directly comparable to previous CPRs with different approaches.

Today 07:00 Diversified Energy (DEC)
Notice of Interim Results
https://www.investegate.co.uk/diversifi ... 00123462U/
Interim Results for the six months ended 30 June 2022 (the "Interim Results") will be published on Monday 8 August 2022. The Company will host a conference call that day at 8:00a.m. BST (3:00a.m. EDT) to discuss the Interim Results.

Today 07:00 Eco (Atlantic) O&G (ECO)
Full Year Results and Operational Update
https://www.investegate.co.uk/eco--atla ... 00113603U/
· As at 31 March 2022, the Company had cash and cash equivalents of US$3,403,885 and no debt.
· As at 31 March 2022, the Company had total assets of US$45.9 million, total liabilities of US$5.6 million and total equity of US$40.2 million.
· In April and June 2022, post period end, Eco successfully raised combined gross proceeds of US$37.8 million to fund its ongoing workstreams, with the Company's cash balance as at 29 July 2022 being US$37.7 million.
· The JV partners remain on track to drill this significant well in Q3 2022, with the rig anticipated to mobilise on or around 8 August 2022 and spud expected during September 2022. [Block 2B South Africa]
· The Block [3B/4B] Partners are currently finalising the reprocessing of a large 3D seismic survey that will be used to high-grade leads towards identifying drilling targets and preparing for a potential drilling campaign next year.
· The block partners are currently further defining the Orinduik geological modeling, prospects maturation and upgrading of the drilling targets inventory
Jabillo-1 was plugged and abandoned. ExxonMobil (the Block operator) have filed for environmental permit to drill up to an additional 12 exploration wells on the Canje Block over the course of 2023 and 2024
Eco has a strategically significant acreage position in-country and is progressing its various work programmes across its four blocks offshore Namibia.

Today 07:00 Europa Oil & Gas (EOG)
Completion of Serenity Farm-in
https://www.investegate.co.uk/europa-oi ... 00052960U/
all conditions precedent required to complete the farm-in to Block 13/23c ("Serenity") have now been satisfied. The Company announced the details of the Serenity Farm-in Agreement on 21 April 2022, noting that the farm-in agreement was subject to approval from the North Sea Transition Authority and other customary conditions. These conditions have now all been satisfied and the farm-in has now completed.

Today 07:00 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 00053106U/
IGas announces that as at today's date, the issued share capital is 125,813,823 ; the number of deferred shares are 303,305,534. The Company does not hold any ordinary shares in Treasury.

Today 07:00 Nostra Terra O&G Co (NTOG)
Fouke #2 Payback in Under 3 Months
https://www.investegate.co.uk/nostra-te ... 00044013U/
is pleased to announce that the Fouke #2 well (NTOG 32.5% WI) has reached payback (recovery of all drilling and drilling-related costs from net cashflow) less than 3 months from production start-up. This is considerably ahead of pre-drill expectations due to a combination of higher realised oil prices and a production rate that is 70% greater than originally forecast.
The production rate at the Fouke #2 remains at 140 bopd, experiencing no decline since start-up and is 100% oil.

Today 07:00 NWF Group PLC (NWF)
Appointment of Non-Executive Director
https://www.investegate.co.uk/nwf-group ... 00123494U/
announces the appointment of Dawn Moore (nee Dawn Blake), as Non-Executive Director with effect from 1 September 2022. In addition, Dawn will assume the role of Chair of the Remuneration Committee following the conclusion of the next Annual General Meeting of the Group on 29 September 2022.
Dawn Moore, FCIPD, aged 49, has over 27 years of HR experience and is an experienced Non-Executive Director and Remuneration Committee chair, having held roles in the public, private and third sectors since 2014. Dawn is currently Group Director of People and Communications for J Murphy & Sons Ltd

Today 07:00 Scirocco Energy PLC (SCIR)
Tanzania Operations Update
https://www.investegate.co.uk/scirocco- ... 00103504U/
operations update on the Ruvuma PSA in Tanzania.
· APT has received the first batch of field seismic data last week and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 ("CH-1") well before the end of August. Field acquisition continues to complete the 338km2 3D seismic programme.
· APT continues to advance the planning and prepare the final programme for the CH-1 well and reports that the Operator continues to plan and prepare for the drilling of the well in due course.
Further to the Company's announcement on 12 July 2022, the Company is in active discussions with TPDC on its position regarding TPDC's statutory right of first refusal with respect to the Company's divestment of its 25% interest in the Ruvuma asset. The Company is also maintaining a dialogue with ARA Petroleum Tanzania Limited on its intention to exercise its pre-emption right and will update the market in due course with regard to the status of the respective discussions.

Today 07:00 SDX Energy PLC (SDX)
NEW MAJOR SHAREHOLDER GROUP
https://www.investegate.co.uk/sdx-energ ... 00093518U/
is pleased to welcome to the Company a group of shareholders led by Aleph Commodities Limited ("Aleph"), who between them hold 25.65% of the issued share capital of the Company....The Company now has a cornerstone shareholder group with significant industry experience and whose intention is to bring financial, commercial and technical resources to support our growth aspirations. I am very excited about our future plans, further details of which I look forward to providing soon....The group of shareholders led by Aleph are long term investors. We believe that leveraging SDX's existing operations and technical team with Aleph's financial, technical, and commercial support will enable SDX to increase its production and cash flows multiple times over the next 24-36 months. This will be achieved by investing in existing operations and acquiring assets in jurisdictions, where Aleph has long-standing access and relationships.

Today 07:00 TomCo Energy PLC (TOM)
Further Extension of Valkor Loan
https://www.investegate.co.uk/tomco-ene ... 00083479U/
announces an extension to the repayment date for the unsecured US$1.5 million loan from Valkor Oil & Gas LLC...

Today 07:00 Wildcat Petroleum (WCAT)
Quarterly Update (CATFLAP)
https://www.investegate.co.uk/wildcat-p ... 00123502U/
I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportunities in Africa. New areas of interest include Sudan, Chad and South Sudan. Back on the 9th May the Company signed a reconnaissance licence for 20 offshore blocks in Sierra Leone territorial waters....
WCAT has recently set up a Representative Office in the Sudanese capital Khartoum. This office will act as a hub for Sudanese, Chadian and South Sudanese petroleum projects...
In the last RNS I stated that the company's top priority was to secure a stake in a producing asset(s) with resources in the billions of barrels [don't we all, love] and with the oil price hovering around $100 per barrel this remains the Company's top primary focus.

Today 07:00 Egdon Resources PLC (EDR)
Total Voting Rights
https://www.investegate.co.uk/egdon-res ... 00083492U/
at 31 July 2022 the total number of Ordinary shares of 1p of the Company in issue is 525,242,031.

Today 07:00 Prospex Energy PLC (PXEN)
El Romeral: Income and Production Update
https://www.investegate.co.uk/prospex-e ... 00103513U/
El Romeral continues to provide a very healthy income stream from selling electricity into the spot market in Spain. The Company holds a 49.9% working interest in El Romeral through its interest in Tarba Energía S.L. ('Tarba').
· El Romeral revenue for the quarter April to June 2022 was €925,134 (gross), down 12% compared with the previous quarter to March 2022 (€1,046,485)
· Peak electricity spot prices have levelled off when compared to the extreme prices experienced in March when gross income exceeded €500,000 in a single month
· Gas price cap imposed by the Spanish Government from mid-June has had a knock-on effect to electricity prices resulting in reduced volatility and peak prices seen in the electricity spot market
· Electricity spot prices averaged more than €180/MWhr in the quarter to April to June 2022
· Transition to full automation completed and since mid-March 2022 the power plant has been operating 24/7
· The plant is at 30% capacity with potential to increase output to up to 100% when infill wells are approved and drilled successfully

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#519540

Postby Hallucigenia » August 3rd, 2022, 5:16 pm

Catching up with yesterday - lots of news with BP results being the headliners (loadsa $$$), supported by Genel's interims (loadsa $$$) and NWF's finals (loadsa £££). Genel seem to be pretty clearly flagging that they will be spending a portion of that $$$ on some kind of acquisition or new venture with near-term production. EnQuest's update showed they are close to paying off the reserves-based element of their debt and given that their overall debt target will be reached by March or so at current rates then they must be starting to think about acquisitions versus debt repayment. Igas have also paid off about a third of their debt this year and have some headroom on their facility. Tower raise £1.5m at a 40% discount to the shareprice to help fund Cameroon drilling, Ascent make a bit of progress in their Slovenian legal disputes, SDX spud another development well.

I'll catch up with today later tonight.

Yesterday 11:00 Tower Resources PLC (TRP)
Price Monitoring Extension
https://www.investegate.co.uk/tower-res ... 00356249U/
https://uk.finance.yahoo.com/quote/TRP.L/chart
On the day it's collapsed -31.9% having touched -36%. Over the last 2 weeks it's dropped -30.7% having touched -35%.

Yesterday 10:51 SDX Energy PLC (SDX)
Director/PDMR Shareholding
https://www.investegate.co.uk/sdx-energ ... 51226202U/
Today, Mark Reid, Chief Executive Officer, purchased 150,000 ordinary shares in the Company at a price of £0.1025 per share, and 50,000 ordinary shares in the Company at a price of £0.0994 per share. After settlement of these transactions, Mark will hold a total of 892,897 ordinary shares in the Company, representing 0.44% of the Company's issued share capital.

Yesterday 10:38 Block Energy PLC (BLOE)
Issue of Options and Shares and PDMR Dealing
https://www.investegate.co.uk/block-ene ... 38196152U/
Today, the Company granted nil-cost options over a total of 1,888,686 ordinary shares of 0.25p each ("Options") to directors, employees, and consultants. The Options were granted 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

Yesterday 09:04 Ascent Resources PLC (AST)
Blocklisting Return
https://www.investegate.co.uk/ascent-re ... 04235965U/
Pursuant to AIM Rule 29 and Schedule 6 of the AIM Rules for Companies, Ascent Resources plc makes the following update on its block listing:

Yesterday 08:13 Vaalco Energy Inc (EGY)
Q2 2022 EARNINGS RELEASE AND CONFERENCE CALL
https://www.investegate.co.uk/vaalco-en ... 13495925U/
The Company will issue its second quarter 2022 earnings release on Wednesday, August 10, 2022 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Thursday morning, August 11, 2022 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.)

Yesterday 08:04 Jadestone Energy PLC (JSE)
Launch of Share Buyback Programme
https://www.investegate.co.uk/jadestone ... 04535854U/
is pleased to announce that it is today launching a share buyback programme (the "Programme") in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 30 June 2022....
The maximum pecuniary amount of the Programme is US$25 million and, in line with the authority granted to the Company at its Annual General Meeting on 30 June 2022, the Programme will not exceed 46,574,528 Ordinary Shares.

Yesterday 07:19 BP PLC (BP.)
Share Repurchases
https://www.investegate.co.uk/bp-plc--b ... 19375844U/
BP p.l.c. (the "Company") announces that it is to commence a share buyback programme to repurchase ordinary shares in the capital of the Company...T he maximum amount allocated to the Programme is around $3.5 billion for a period up to and including 31 October 2022.

Yesterday 07:00 BP p.l.c. (BP.)
Release of a capital market information
https://www.investegate.co.uk/bp-p.l.c. ... 0011ERLVU/
BP p.l.c. Group results Second quarter and first half 2022
• Underlying replacement cost profit was $8.5 billion, compared with $6.2 billion for the previous quarter. This was driven by strong realized refining margins, continuing exceptional oil trading performance and higher liquids realizations. This was partly offset by an average gas marketing and trading contribution, down from the exceptional result in the first quarter, including an impact from the ongoing outage at Freeport LNG.
Reported profit for the quarter was $9.3 billion, compared with a loss of $20.4 billion for the first quarter 2022. The reported result for the second quarter includes a charge for adjusting items* before tax of $0.3 billion within which are adverse fair value accounting effects* of $0.8 billion. The first quarter loss included a post-tax charge of $24.4 billion relating to bp's decision to exit its 19.75% shareholding in Rosneft and its other businesses with Rosneft in Russia....
A resilient dividend is bp’s first priority within its disciplined financial frame. It is underpinned by an average 2021-5 cash balance point* of around $40 per barrel Brent, $11 per barrel RMM and $3 per mmBtu Henry Hub (all 2020 real)....
In low carbon energy bp has announced plans to take a 40.5% stake in the AREH project to lead and operate one of the world’s largest planned renewables and green hydrogen* energy hubs based in Western Australia; has announced its intent to partner with Iberdrola to develop large-scale integrated green hydrogen production in Spain, Portugal and the UK; and has continued to progress its renewables strategy, submitting bids for two offshore wind leases in the Netherlands.

Yesterday 07:00 BP PLC (BP.)
2Q22 Part 1 of 1
https://www.investegate.co.uk/bp-plc--b ... 00155341U/
Today's results show that bp continues to perform while transforming.
• Operating cash flow in the quarter of $10.9 billion includes $1.2 billion of Gulf of Mexico oil spill payments within a working capital* build of $2.9 billion (after adjusting for inventory holding gains* and fair value accounting effects).
• During the second quarter bp executed share buybacks of $2.3 billion. The $2.5-billion programme announced with the first-quarter 2022 results was completed on 22 July.
• Net debt fell for the ninth successive quarter to reach $22.8 billion at the end of the second quarter.

Yesterday 07:00 NWF Group PLC (NWF)
Final Results
https://www.investegate.co.uk/nwf-group ... 00025239U/
Revenue up 30%, EBITDA +49.4%, £9m net cash ex IFRS 16 leases compared to £5.7m debt in 2021, despite lower volumes of fuels and feed and food flat.
• Record results for the Group, reflecting very strong operational and commercial execution in a challenging environment.
• Significant outperformance in Fuels as a result of volatility in oil prices in our final quarter, together with short-term benefits arising from periods when the UK market was supply constrained.
Performance to date in the current financial year has been in line with the Board's expectations. Fuels trading has returned to more normal levels following the one-off gains achieved in the year ended 31 May 2022.

Yesterday 07:00 Genel Energy PLC (GENL)
Half-Year Results
https://www.investegate.co.uk/genel-ene ... 0024EPKCU/
We generated $129 million in free cash flow and are well on track to generate over a quarter of a billion dollars of free cash flow for the full year. This continues to build our balance sheet strength and optionality, providing us with the funds to add the right assets at the right price. Our cash flow this year benefits from the recovery of receivables and our override payments, and we are focused on replacing these by building a portfolio that supports the resilience, sustainability, and progression of our material dividend
Net production averaged 30,420 bopd in H1 2022 (H1 2021: 32,760 bopd)
Low production cost of $4.4/bbl and strength of oil price delivered a margin per barrel of $32/bbl (H1 2021: $20/bbl)
Free cash flow of $129 million (H1 2021: $22 million)
Net cash of $141 million (31 December 2021: net cash of $44 million)
Production guidance for 2022 maintained as around the same level as 2021, currently tracking between 30-31,000 bopd for the full-year
2022 capital expenditure guidance of between $140 million and $180 million tightened to $150 million to $170 million
Genel expects free cash flow of over $250 million in 2022, pre dividend payments
Appraisal at Sarta is ongoing, with results of the Sarta-6 well expected around the end of the year
The Company continues to actively pursue new business opportunities, focused on production and cash generation
The London seated international arbitration regarding Genel’s claim for substantial compensation from the KRG following Genel’s termination of the Miran and Bina Bawi PSCs is ongoing
Interim dividend retained at 6¢ per share...
Looking further ahead, we are excited by the opportunity that Somaliland presents.... we look forward to drilling a well around the end of 2023.
our focus is firmly on putting our capital to work through the addition of new income streams. We continue to run the rule over opportunities, with strict criteria focused on near-term cash generation and the ability to support and grow our material dividend.

Yesterday 07:00 EnQuest PLC (ENQ)
Operations Update
https://www.investegate.co.uk/enquest-p ... 00025244U/
§ Average net Group production in the six months to end June 2022 was 49,726 Boepd, an 8% increase over the same period last year, driven by strong production efficiency across the portfolio; full year guidance remains unchanged
§ Kraken delivered average gross production of 27,698 Boepd, above the top end of full year guidance of 22,000 to 26,000 Boepd; planned shutdown on track for the third quarter
§ Net debt of c.$880 million at 30 June 2022 is down c.$342 million, inclusive of c.$10 million of foreign exchange movement, from 31 December 2021, driven by strong free cash flow generation
§ At the end of June, $115 million remained outstanding on the Group's senior secured debt facility ('RBL') following accelerated repayments totalling $300 million in the six months to end June 2022
§ EnQuest's net debt to EBITDA ratio as at 30 June 2022 is around 1.0x, down from 1.6x at the end of 2021. [and target 0.5x]
In line with EnQuest's continued focus on deleveraging, during July, the Group has bought back and cancelled $14.4 million of its 2023 7% high yield bonds, leaving $813 million outstanding.
The Group continues to explore options to refinance its high yield bond ahead of maturity in October 2023.
§ For the period July to December 2022, the Group has hedged c.3.4 MMbbls of oil with an average floor price of c.$60/bbl and an average ceiling price of $79/bbl. For 2023, the Group has hedged a total of approximately c.3.5 MMbbls with an average floor price of c.$57/bbl and an average ceiling price of c.$77/bbl
§ 2022 net production guidance of between 44,000 and 51,000 Boepd
§ Cash capital expenditure is expected to be around $165 million
[Magnus] - two wells successfully returned to service in the first half of 2022 and with further well work planned in the second half of the year
[Golden Eagle] - The joint venture has approved a two infill well drilling campaign to commence in the fourth quarter of 2022, with first oil expected in the first quarter of 2023.
EnQuest is working with its partners to progress field development studies for Bressay and the Bentley team is focused on re-evaluation of the existing subsurface data.
EnQuest has conducted initial phases of feasibility and economic screening work in respect of a carbon storage concept. The Group expects to make an application in respect of carbon capture and storage ('CCS') licence areas accessible from EnQuest's existing infrastructure in the forthcoming North Sea Transition Authority ('NSTA') UK offshore CCS licensing round.
Following the enactment of the Energy Profits Levy, EnQuest remains committed to investment in the North Sea and is reviewing future capital expenditure programmes in light of the additional investment allowances available under the levy.
Cash flows in the second half of the year will be affected by planned maintenance shutdowns, phasing of work programmes and the impact of the Energy Profits Levy.

Yesterday 07:00 Tower Resources PLC (TRP)
Placing and Subscription to raise £1.5 million
https://www.investegate.co.uk/tower-res ... 00085308U/
is pleased to announces that the Company has raised gross proceeds of £1,499,999 through a placing and subscription of approximately 857,142,286 new ordinary shares of 0.001 pence each (the "Placing Shares") at a price of 0.175 pence per Placing Share...
The Company and BGFI Bank Group ("BGFI") are continuing to work on the documentation and final approvals for the loan to Tower Resources Cameroon SA ("TRCSA") towards the financing of the NJOM-3 well, as set out in the Company's announcement of 29 June 2022. This process is currently expected to be complete by the end of September 2022. In the meantime the Company is continuing to discuss additional financing options at the asset level, as also disclosed on 29 June 2022, for additional amounts in the US$5-10 million range with various parties, in order to complete the well financing or more. The Company is also progressing rig and service company contracts and would like to be in a position to make advance payments in respect of such contracts if required, in order to ensure rig and service availability....
While the financing discussions in respect of the NJOM-3 well are concluded, the Company has raised approximately £1.5 million for the preparation of the drilling of the NJOM-3 well, including payments on account of services associated with the well, and for working capital purposes via the Placing and subscription. A small portion of the funds raised will also be used to advance the Company's other 2022 work programs in Namibia and South Africa, including the basin modelling work currently underway on the Company's Namibian license PEL 96.
The Company has also issued a broker warrant in favour of Novum granting it the right to acquire 10,588,228 ordinary shares for a period of two years at a price of 0.425p per share.
Following admission of the Placing Shares, the Company's enlarged issued share capital will comprise 3,543,237,955 Ordinary Shares
[~40% discount to the price of around 0.28p at the time, now 0.2p. 500m (!) shares = £1m traded yesterday. They really need a 100:1 consolidation]

Yesterday 07:00 Ascent Resources PLC (AST)
Revenue Recognition & Slovenia Update
https://www.investegate.co.uk/ascent-re ... 00095337U/
- Agreement with JV partner for Ascent to recognise €1.68 million of hydrocarbon revenues from the PG-10 and PG-11A wells for the period April 2020 through to June 2022
- Mediation scheduled for September to resolve Ascent's claim to significant additional hydrocarbon revenues produced in the concession area
- JV partners seeking to resolve a dispute with JV service provider in relation to disputed fixed fee operating invoices
[up 15% on the news, although it's come back a bit today]

Yesterday 07:00 Igas Energy PLC (IGAS)
RBL Redetermination Completed & Notice of Results
https://www.investegate.co.uk/igas-ener ... 00185290U/
it has completed its scheduled six-monthly RBL facility redetermination process. The redetermination exercise confirms $22 million (£18.1 million) of debt capacity. Cash balances as at 29 July 2022, were £2.4 million with net debt of £8.2 million.
A total of 95,000 bbls are currently hedged in 2022 using swaps at an average price of $77/bbl and 55,000 bbls using puts with an average guaranteed minimum price, net of premiums, of $44/bbl. We have also hedged 60,000 bbls for H1 2023 using swaps at an average price of $95/bbl.
Since year-end, we have repaid c.£4 million of debt .
IGas expects to announce its results for the six months to 30 June 2022 on 15 September 2022.

Yesterday 07:00 SDX Energy PLC (SDX)
SPUD OF MSD-27 WELL, WEST GHARIB CONCESSION EGYPT
https://www.investegate.co.uk/sdx-energ ... 00085317U/
is pleased to announce the spudding of the MSD-27 infill development well on 21 July 2022 at the Meseda Field, West Gharib concession, Egypt (SDX WI: 50%). MSD-27 is targeting the primary Asl Formation reservoir at around 3,900 feet MD (3,100 feet TVDSS) and is the sixth well in a fully-funded, 13 well development campaign on the Meseda and Rabul oil fields.

Yesterday 07:00 TotalEnergies SE (TTE)
TotalEnergies: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z6605/
€47m bought back.

Yesterday 07:00 Arrow Exploration (AXL)
Standard form for notification of major holdings
https://www.investegate.co.uk/arrow-exp ... 00185346U/
On 28-Jul-2022, Spreadex LTD reduced from 3.478% to 2.894% and adjusted their shares vs other formats.

Monday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015156U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Monday 17:52 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5238H7654/
They bought back 4,190,000 shares

Monday 17:21 Nostrum Oil & Gas (NOG)
Notice of Scheme Meeting
https://www.investegate.co.uk/nostrum-o ... 21585188U/
today confirms that further to the announcement dated 21 June 2022 regarding the Court order granting the Company permission to convene the Scheme Meeting and the subsequent issuance for information purposes of the Explanatory Statement and certain accompanying restructuring documentation (together with the Explanatory Statement, the "Scheme Documents") to the Scheme Creditors on the same date, it has now obtained all necessary Authorisations to hold the Scheme Meeting.

Monday 13:20 Block Energy PLC (BLOE)
West Rustavi/Krtsanisi Field CPR - Replacement
https://www.investegate.co.uk/block-ene ... 20224823U/
This RNS replaces RNS No. 4623U due to technical formatting issues involving the tables included in the announcement.

Monday 13:10 Rockhopper Exp plc (RKH)
Total Voting Rights
https://www.investegate.co.uk/rockhoppe ... 10414817U/
it has issued 1,696,937 Ordinary shares of 1 pence each (the "Shares") pursuant to the exercise of share options by an employee. The Shares were issued on 8 July 2022 under the Company's existing block listing entitlement.

Monday 12:45 PAO Novatek (NVTK)
NOVATEK Enhances Methane Leak Detection System
https://www.investegate.co.uk/pao-novat ... 45014762U/
the Company's subsidiary NOVATEK-Yurkharovneftegas has launched a project for methane leak monitoring with the use of unmanned aerial vehicles ("UAVs"). The initiative forms part of the Comprehensive Environmental and Climate Change Targets Program as well as development of a multi-level leak detection system.

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#519647

Postby Hallucigenia » August 3rd, 2022, 10:11 pm

So it sounds like Scirocco had an exciting AGM (never a good word in connection with AGMs), as two-thirds of their shareholders denied them the authority to release the shares needed for their rolling placing facility so they are now in breach.

Phoenix Global confirm their delisting (good riddance, public companies with 84% shareholders are just wrong), Cadogan win the main point of their legal claim to recover €15m of loan in Italy, Touchstone start commissioning a gas facility that will double their production, Vaalco downgrade production guidance after the South Tchibala 1HB-ST well disappoints, Orcadian give away half of a potential 30mmbbl prospect in return for a few £100ks of analysis, Gulf Keystone pay off their bond, Synergia/Oilex complete their placing. Wood shareholders approve the sale of its Built Environment consulting business, Harbour's capital reduction creates $6.3bn [!] of distributable reserves.

Brent=$96.96(August)            WTI=$90.81(August,Brent-6.15)     Nymex gas=$8.25(August)   
NBP =381p(August,Nymex+38.03) TTF=€199.195(September,Nymex+51.13) JKM=$45.950(September,Nymex+37.70)

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00058346U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 17:41 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4123H8048/
They bought back 2,800,000 shares

Today 17:03 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 03288353U/
They bought back 11,319,026 shares at 409.499p = £46,351,290.34

Today 16:35 Petroneft Resources (PTR)
Price Monitoring Extension
https://www.investegate.co.uk/petroneft ... 35358310U/
https://uk.finance.yahoo.com/quote/PTR.L/chart
On the day it's dropped -16.7% having touched -23%. Over the last 2 weeks it's down -23.9%.

Today 15:33 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 33328234U/
On 01-Aug-2022, Bank of America Corporation reduced from 12.577% to 12.397%.

Today 14:53 Harbour Energy PLC (HBR)
Capital Reduction effective
https://www.investegate.co.uk/harbour-e ... 53368211U/
the Share Premium Reduction and the Merger Reserve Reduction approved by shareholders at the General Meeting held on 11 May 2022, is now effective. This follows the confirmation of the Capital Reduction by the Court of Session, Edinburgh on 2 August 2022 and the registration of the Court order with the Registrar of Companies in Scotland on 3 August 2022. The Capital Reduction creates additional distributable reserves to the value of US$6,310,960,275. This provides the Company with further flexibility to deliver shareholder returns over the coming years either in the form of dividends and/or share buybacks.

Today 13:48 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 48118156U/
as at the date and time of this announcement, it had in issue 1,438,486,006 ordinary shares of GBP 0.10 each with voting rights. No ordinary shares were held in treasury. Therefore, the total number of shares with voting rights in the Company at the above date was 1,438,486,006.

Today 13:33 Block Energy PLC (BLOE)
Results of Annual General Meeting
https://www.investegate.co.uk/block-ene ... 33598141U/
all resolutions set out in the Notice of AGM were approved by shareholders.

Today 12:32 Scirocco Energy PLC (SCIR)
Result of AGM
https://www.investegate.co.uk/scirocco- ... 32328075U/
the results of the AGM which was held today at 10:30am. Resolutions 1-4 were passed by the requisite majority, but Resolutions 5 and 6 were not passed. The defeat of Resolution 5 means that the Company is in default of the terms of the Prolific Basins facility. The Company will seek to engage in short order with Prolific Basins as to next steps, which may include Scirocco being required to settle in the near term the outstanding balance of the facility of $545,000 from existing cash resources together with interest which now accrues on the outstanding balance given the event of default. The Company will provide a further update as and when appropriate.
"It is clear from the voting results that there is a significant number of shareholders who are not supportive of the Company and, given the similarity of votes against the Ruvuma disposal at the recent General Meeting, we assume that transaction is the crux of their issue. The Board urges those shareholders to reassess their position as their tactics are only serving to undermine the Board's ability to deliver outcomes that are in the best interest of the Company and its shareholders."
[res 5 was "THAT the directors be authorised to allot shares on a non-pre-emptive basis to Prolific basins LLC", res 6 was "THAT the directors be authorised to allot shares on a non-pre-emptive basis." Both were defeated ~2:1. The original deal with Prolific Basins was announced in June 2020 when they were still known as Solo, it's a sort of rolling placing facility where they can sell new shares to PB as they need them, at a price based on the 5-day VWAP. Assuming that they have authority to create the shares that is...]

Today 11:45 WOOD GROUP (JOHN) PLC (WG.)
Result of Meeting
https://www.investegate.co.uk/wood-grou ... 4500PDA5F/
EGM approves sale of E&I Consulting with 99.97% of votes.

Today 08:44 Phoenix Global Res (PGR)
Cancellation, Exit Opportunity & Notice of GM
https://www.investegate.co.uk/phoenix-g ... 44347508U/
Further to its announcement on 22 June 2022, Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company, announces the proposed cancellation of admission of its Ordinary Shares to trading on AIM, delisting from public offer and trading in Argentina on the Buenos Aires Stock Exchange ("BASE") and cancellation of its secondary listing on BASE ("Cancellation") and a cash exit opportunity for shareholders....
The general meeting will be held at 11.00 a.m. on 1 September 2022 at the Company's registered office, 1st Floor, 62 Buckingham Gate, London, SW1E 6AJ.
In connection with the Cancellation, the Circular also provides details of a cash exit opportunity for other shareholders in the Company...provided by Mercuria Energy Group Limited, the 83.72 per cent. majority shareholder in the Company, ("Mercuria") and is not conditional upon Cancellation.
The terms of the Exit Opportunity are a purchase price of 7.5 pence per Ordinary Share in respect of Ordinary Shares listed on AIM

Today 07:32 TotalEnergies SE (TTE)
Floating Offshore Wind in France: TotalEnergies, Corio Generation and Qair Join Forces to Bid for Mediterranean Tender
https://www.investegate.co.uk/totalener ... 3200Z7902/
A consortium of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate (DGEC) to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea.
The two projects of about 250 MW each could supply enough clean energy to meet the annual electricity consumption of almost one million people.

Today 07:16 Synergia Energy Ltd (SYN)
Placement - Issue of Securities and TVR
https://www.investegate.co.uk/synergia- ... 16067426U/
Further to Synergia Energy Ltd's ( Synergia or the Company ) (formerly named Oilex Ltd) 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 issued 104,898,836 fully paid ordinary shares (the final portion of the Tranche 2Shares) at GBP 0.20 pence (AUD 0.35 cents) per share and therefore received £0.21 million (A$0.37 million) from subscribers .

Today 07:09 Touchstone Explrtn. (TXP)
NOTICE OF PRE-COMMISSIONING AND COMMISSIONING
https://www.investegate.co.uk/touchston ... 09207424U/
has summitted a notice to residents in the community that the Coho gas facility and pipeline will commence pre-commissioning and commissioning operations. Pursuant to the Coho Certification of Environmental Clearance, residential notification is required to be made a minimum of five business days prior to the commencement of operations. The Coho area is located in the Ortoire block, where Touchstone has an 80 percent operating working interest and Heritage Petroleum Company Limited holds the remaining 20 percent working interest....
The completion of the Coho facility and pipeline will be a significant milestone for Touchstone, as it will represent our first natural gas production and is expected to double our current production on a boe basis.

Today 07:00 Vaalco Energy Inc (EGY)
Operational Update
https://www.investegate.co.uk/vaalco-en ... 00077400U/
today provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance.
[well was uneconomic in Gamba sand, 150 to 200 bopd net from Deep Dentale D1 sand]
Primarily due to the South Tchibala 1HB-ST well performance, VAALCO's full year 2022 net production guidance is being reduced by 750 NRI BOPD at the midpoint to a range of 9,000 to 9,500 NRI BOPD.
Despite this, we remain optimistic about the D9 formation and plan to recomplete that interval in the South Tchibala 1HB-ST wellbore during our next drilling campaign. We plan to drill additional wells in the 2021/2022 drilling campaign that could positively impact our production toward the end of the year and into 2023.

Today 07:00 Cadogan Petroleum Plc (CAD)
Loan to Proger Managers & Partners srl Arbitration
https://www.investegate.co.uk/cadogan-p ... 0000P623E/
the Arbitration Committee in Italy regarding the litigation with Proger Management & Partners (Proger) came to the following decisions:
The Arbitration Committee rejected Proger principal request, deeming the Loan Agreement is valid and effective.
The Arbitration Committee accepted and rejected other arguments and requests of both parties (Cadogan and Proger).
The Company is currently analyzing with its legal advisors the various aspects of the decisions.
[Background per the last results:
In February 2019, the Group entered in a 2-year loan agreement with Proger Management & Partners Srl (“PMP”) with an option to convert it into a 33% equity interest in Proger Ingegneria Srl which in turn held at 31 December 2020 a 75.95% equity interest in Proger Spa. Proger is an Italian engineering company providing services in Italy and in different international areas. Cadogan did not exercise the Call Option. In February 2021, Cadogan notified PMP that according to the Loan Agreement, the Maturity Date occurred on 25 February 2021. As the Call Option was not exercised, PMP must fulfill the payment of EUR 14,857,350, being the reimbursement of the Loan in terms of principal and the accumulated interest. PMP is in default since 25 February 2021. End of March 2021, PMP requested an arbitration to have the Loan Agreement recognised as an equity investment contract, which is rejected by Cadogan as the terms of the agreement are clear and include the right to repayment at maturity if the Call Option is not exercised.]

Today 07:00 Orcadian Energy PLC (ORCA)
Farm-out of Carra Prospect
https://www.investegate.co.uk/orcadian- ... 00056846U/
further to the announcement of 11 October 2021, the Company has now executed a formal agreement with Carrick Resources Limited ("Carrick") in respect of a sub-area of Licence P2320 which covers the Carra prospect...to be satisfied by the fulfilment of certain work milestones (there is no cash consideration). Carrick will review existing data, acquire a licence to, and reinterpret, the seismic data currently being reprocessed by TGS relating to the Carra prospect, and remap the prospect. In return, on completion of the updated mapping, Orcadian will, subject to North Sea Transition Authority approval, assign a 50% interest in the sub-area of licence P2320, which contains the bulk of the Carra prospect, to Carrick. Carrick may withdraw from the agreement prior to completion of the remapping of the prospect. This work programme is anticipated to take four months....
The Carra prospect lies to the East of the Crinan and Dandy discoveries and to the South of Fyne. The Carra prospect is contained in Tay and Cromarty sandstones which lie on trend with Guillemot West, and is a stratigraphic trap associated with a clear amplitude anomaly defined by 3D seismic. The Carra prospect is undrilled and unexplored but early, internal estimates from Carrick indicate there is the potential for it to contain P50 recoverable prospective resources of 30 MMbbls of medium gravity oil.

Today 07:00 Scirocco Energy PLC (SCIR)
AGM Statement
https://www.investegate.co.uk/scirocco- ... 00077399U/
Our investment into EAG, and the resultant JV platform, positions the Company within the energy transition space at an important juncture on the journey to net-zero, and allows us to target a significant and growing pool of capital in the low carbon sector that was previously unavailable as ESG headwinds limited the availability of funding for small, single-asset oil and gas players in recent years.

Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Completion of Bond Redemption
https://www.investegate.co.uk/gulf-keys ... 0017EKOXI/
Further to Gulf Keystone’s announcement on 18 July 2022, the Company confirms that it has completed the redemption of its $100 million bond with ISIN NO 001 0828106, leaving the Company debt-free.

Today 07:00 i3 Energy PLC (I3E)
September 2022 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 00076688U/
i3 announces its monthly dividend totalling £1.6996 million and confirms the following:
Dividend: 0.1425 pence/share
Ex-Dividend Date: 11 Aug 2022

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00066930U/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00066916U/
Pharos Energy plc, announces that on 2 August 2022, in accordance with the terms of its share buyback programme announced on 20 July 2022 (the "Programme") it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Yesterday 22:36 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Release Date for its 2022 Second Quarter Results and Details of Conference Call and Webcast
https://www.investegate.co.uk/gran-tier ... 3605H1047/
announces that the Company will release its 2022 second quarter financial and operating results on Monday August 8, 2022, after market close. Gran Tierra will host its second quarter 2022 results conference call on Tuesday, August 9, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Yesterday 18:09 TransGlobe Energy (TGL)
Notice of Shareholder Meeting
https://www.investegate.co.uk/transglob ... 09316836U/
A Shareholder Meeting will be held on September 21, 2022 at 9:00 am (MDT) with a Record Date of August 16, 2022. This meeting is being held to approve the proposed merger transaction with VAALCO Energy, Inc. announced on July 14, 2022.

Yesterday 18:06 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0647H7848/
They bought back 3,600,000 shares

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00076751U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:43 Enteq Technologies (NTQ)
Issue of Shares and Director/PDMR Shareholding
https://www.investegate.co.uk/enteq-tec ... 43046817U/
on 1 August 2022 it issued and allotted 710,448 new ordinary shares of 1p each ("Ordinary Shares") to the Directors in compensation for the elements of remuneration foregone in respect of the period 1 December 2021 to 31 July 2022 at a price of 14.4p and in respect of the period 1 April 2021 to 31 March 2022 at a price of 15.8p.

Yesterday 17:35 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 35376804U/
They bought back 12,000,000 shares at 406.421p = £48,770,495.08

Yesterday 16:40 Serica Energy PLC (SQZ)
Rule 2.9 Announcement
https://www.investegate.co.uk/serica-en ... 40066708U/
In accordance with Rule 2.9 of the City Code on Takeovers and Mergers, as at the close of business on 2 August 2022, Serica's issued share capital consisted of 272,006,631 ordinary shares of US$0.10 each.

Yesterday 15:52 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 52146681U/
Non-exec buys £81,248.70

Yesterday 15:39 Igas Energy PLC (IGAS)
Block Listing Six Monthly Return
https://www.investegate.co.uk/igas-ener ... 39466671U/
Salary sacrifice scheme

Yesterday 14:00 United Oil & Gas PLC (UOG)
Price Monitoring Extension
https://www.investegate.co.uk/united-oi ... 00346587U/
https://uk.finance.yahoo.com/quote/UOG.L/chart
On the day it's dropped -8.6% having touched -14%. Over the last 2 weeks it's dropped -25.6% having touched -30%.

Yesterday 13:56 Wildcat Petroleum (WCAT)
Director/PDMR Shareholding
https://www.investegate.co.uk/wildcat-p ... 56006585U/
On 1st August 2022, one of the directors, Mr. Mandhir Singh, sold 2,500,000 shares from his nominee share dealing account through a 'Bed and ISA' transfer and 2,460,000 ordinary shares in Wildcat were subsequently transferred into his ISA. The difference of 40,000 shares covered the cost of the transaction into the ISA. Following this disposal, Mr. Mandhir Singh remains beneficially interested in 1,679,925,000 ordinary shares which equates to 69.9% of the total issued share capital.

Yesterday 12:00 BP PLC (BP.)
Directorate Change
https://www.investegate.co.uk/bp-plc--b ... 00046213U/
today announced the appointment to its board of Amanda Blanc as a non-executive director. Amanda Blanc's appointment will take effect from 1 September 2022. Amanda Blanc has been Group CEO of Aviva plc, the UK's leading insurance, wealth and retirement business, since 2020.

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#519685

Postby Hallucigenia » August 4th, 2022, 8:14 am

Typical, I catch up and then there's almost no news today, just contracts for Petrofac and Getech and Serinus spudding in Romania. Plus Petrom making lots of money.

Brent=$96.77(August)             WTI=$90.75(August,Brent-6.02)       Nymex gas=$8.28(August)   
NBP =365p(August,Nymex+36.10) TTF=€195.500(September,Nymex+50.09) JKM=$45.950(September,Nymex+37.67)

Today 07:21 OMV Petrom S.A. (PETB)
Availability of H1/22 Consolidated FS
https://www.investegate.co.uk/omv-petro ... 21039068U/
http://www.rns-pdf.londonstockexchange. ... 22-8-4.pdf
H1 sales up from RON10bn to RON26bn, net profits up from RON0.98bn to RON4.65bn

Today 07:10 Serinus Energy PLC (SENX)
Canar-1 Well - Commencement of Drilling
https://www.investegate.co.uk/serinus-e ... 10058575U/
is pleased to announce that the drilling of the Canar-1 exploration well in Romania commenced today...The Canar-1 well will be drilled to a depth of 1,600 metres, targeting three prospective hydrocarbon zones. The Canar prospect is located on the northern flank of the Carei Basin, approximately four kilometres to the west of the Company's Moftinu Gas Plant.

Today 07:00 Petrofac Limited (PFC)
PETROFAC CONSORTIUM AWARDED EPC PROJECT IN ALGERIA
https://www.investegate.co.uk/petrofac- ... 0006EBTDT/
Petrofac, leading a consortium with Genie Civil et Batiment (GCB), has received notification of a provisional award for an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria. The contract is valued at approximately US$300 million, with Petrofac’s share around US$200 million.

Today 07:00 GETECH Group plc (GTC)
$1.1m Contract Sale & Release of Globe 2022
https://www.investegate.co.uk/getech-gr ... 00068530U/
signed a $1.1 million multi-year contract with a major international energy company for its 'Globe' platform and launched the next generation of this innovative tool that models the Earth's evolution over the last 400 million years.

Today 07:00 Quadrise Fuels Intnl (QFI)
Issue of Share Options and Director/PDMR Dealing
https://www.investegate.co.uk/quadrise- ... 00088451U/
announces the grant of an aggregate of 32,882,979 options to subscribe for new ordinary shares of 1p each in the Company ("Ordinary Shares") to directors and employees of the Company in accordance with the provisions of the Company's Unapproved Share Option Plan 2016 ("2016 Plan") and the Company's Enterprise Management Incentive Share Option Plan

Today 07:00 Touchstone Explrtn. (TXP)
SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES
https://www.investegate.co.uk/touchston ... 00088553U/
Purchase of common shares by the Trustee of the Employee Share Purchase Plan

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00078580U/
in accordance with the terms of its share buyback programme announced on 2 August 2022, it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00078571U/
Pharos Energy plc, announces that on 3 August 2022, in accordance with the terms of its share buyback programme announced on 20 July 2022 (the "Programme") it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#520394

Postby Hallucigenia » August 6th, 2022, 8:18 pm

Apologies for the slowness, I ended up trying to sort out my shareholding code to make it more idiot-proof. I've been having to manually adjust at least one shareholding announcement a day so I've been collecting malformed TR-1's (a chap has to have a hobby) and finally sat down to accommodate them in the code. It turned out there was a minor bug that accounted for some of them but mostly I just underestimated the creativity of idiots. [I know that's unfair, they're just bored underlings who have better things to do than make perfectly consistent TR-1s] I don't think it's perfect, but it should be better, even if it is only automating stuff I was doing manually so it shouldn't be much different in terms of what gets posted.

Anyway, it's not like there's much going on at the moment at a company level - Tullow had a duster off Guyana, COPL had a CPR on Wyoming, San Leon's shareholders approved the Midwestern deal.

Brent=$94.92(August)               WTI=$88.53(August,Brent-6.39)     Nymex gas=$8.01(August)   
NBP =373.63p(August,Nymex+37.09) TTF=€196.320(September,Nymex+50.60) JKM=$44.660(September,Nymex+36.65)

Yesterday 17:47 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4745H8447/
They bought back 3,649,341 shares

Yesterday 17:41 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 41091583V/
They bought back 11,778,310 shares at 405.368p = £47,745,503.41

Yesterday 16:32 TotalEnergies SE (TTE)
TotalEnergies SE: Statement in Compliance With the Article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers)
https://www.investegate.co.uk/totalener ... 3200Z1304/
A total number of 2,807,593,825 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares (referred to as 'theoretical voting rights'), including:

Yesterday 13:57 San Leon Energy PLC (SLE)
Results of AGM and EGM and Transaction update
https://www.investegate.co.uk/san-leon- ... 57051347V/
the Annual General Meeting (the "AGM") and Extraordinary General Meeting (the "EGM") [in connection with the Midwestern restructuring] of the shareholders of San Leon were held today at 11.00 am and 11.30 am respectively at Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland. The Company is pleased to confirm that all of the resolutions proposed at the AGM and the EGM were successfully passed by way of poll

Yesterday 13:07 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 07411283V/
On 03-Aug-2022, Bank of America Corporation holding via Merrill Lynch International increased from 12.98% to 13.603%.

Yesterday 13:00 Seplat Energy PLC (SEPL)
Director/PDMR Shareholding
https://www.investegate.co.uk/seplat-en ... 00001011V/
The following award ("sign-on share award") over ordinary shares of 0.5 Naira each ("shares") of Seplat were granted to the Chief Operating Officer of the Company on 04 August 2022 (the "Award Date"), as set out in his employment contract, using the share price as at the contract's commencement date.

Yesterday 13:00 Petrel Resources PLC (PET)
Result of Annual General Meeting
https://www.investegate.co.uk/petrel-re ... 00331279V/
all the resolutions which were put to shareholders of the Company at the Annual General Meeting held earlier today were duly passed.

Yesterday 09:39 Serica Energy PLC (SQZ)
TR-1: Notification of major holdings
https://www.investegate.co.uk/serica-en ... 39480908V/
On 03/08/2022, BlackRock, Inc. increased from below 5% to 5.00%.

Yesterday 07:34 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 34230651V/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on August 04, 2022, in the amount of RON 30,000,000.00, due on Septembrie 26, 2022.
The interest percentage rate applied to the above mentioned deposit is 9.15% per year.

Yesterday 07:00 Tullow Oil PLC (TLW)
Well Update - Guyana
https://www.investegate.co.uk/tullow-oi ... 00059973U/
drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing.

Yesterday 07:00 Canadian O'Seas Petr (COPL)
Resource Report Confirms Wyoming Oil Discovery
https://www.investegate.co.uk/canadian- ... 00080151V/
has received a Resource Report (the "Report") prepared by independent energy consultancy Ryder Scott dated July 29, 2022 confirming its deep oil discovery (the "Discovery") on its affiliate COPL America Inc's lands in Converse and Natrona counties, Wyoming.
· Confirms the Wyoming deep discovery has total Original Oil in Place of 993.5 million barrels
o Supports the Company's conclusion that the Frontier 2 and Dakota discoveries are large stratigraphic oil accumulations encompassing the reserves at the Company's operated 100% WI Cole Creek field;
· COPL plans to drill one horizontal Frontier 1 well and two horizontal Frontier 2 wells as part of its 2022-23 drilling campaign commencing in Q4 2022 with two of the horizontals offsetting the 14-30V discovery well drilled in Q3 2021.
The Company will be hosting an investor webinar via the Investor Meet Company platform on Monday August 8, 2022 at 4pm (UK) to discuss the Resource Report

Yesterday 07:00 Diversified Energy (DEC)
Investor Presentation
https://www.investegate.co.uk/diversifi ... 00080286V/
on Thursday, 11 August 2022, at 3:00p.m. BST (10:00a.m. EDT) Rusty Hutson (CEO) and Eric Williams (CFO) will provide a live Investor Presentation via the Investor Meet Company platform.

Yesterday 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00090232V/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Yesterday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00040103V/
They bought back 11,312,928 shares at 412.334p = £46,647,062.46

Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00080169V/
purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Thursday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00049988U/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Thursday 17:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5356H8251/
They bought back 3,912,393 shares

Thursday 16:40 Serica Energy PLC (SQZ)
Rule 2.9 Announcement
https://www.investegate.co.uk/serica-en ... 40039899U/
at the close of business on 4 August 2022, Serica's issued share capital consisted of 272,768,265 ordinary shares

Thursday 16:35 Pharos Energy PLC (PHAR)
Price Monitoring Extension
https://www.investegate.co.uk/pharos-en ... 35489950U/
https://uk.finance.yahoo.com/quote/PHAR.L/chart
On the day it's ended in the usual range but at one point spiked down to -8.5%. Over the last 2 weeks it's been in the usual range.

Thursday 16:33 Lamprell plc (LAM)
Debt facility update
https://www.investegate.co.uk/lamprell- ... 33559946U/
the USD 45 million UAE Export Credit Agency backed revolving trade loan facility (the "Facility") has now been repaid. The facility was agreed in October 2021 to assist with the working capital requirements of the two IMI newbuild jackup rigs which are currently under construction at the Group's Hamriyah yard. The repayment follows the USD 145 million Bridge Loan Agreement

Thursday 15:57 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 57339915U/
On 03-Aug-2022, Spreadex LTD reduced from 8.127% to 7.636% and adjusted their shares vs other formats.

Thursday 15:56 S.N.G.N. Romgaz S.A. (SNGR)
Convening notice of OGMS on September 13 (14),2022
https://www.investegate.co.uk/s.n.g.n.- ... 56379911U/
Ordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. on September 13 (14), 2022, 1:00 PM (Romania time)

Thursday 15:01 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 01229860U/
On 03-Aug-2022, ODEY ASSET MANAGEMENT LLP increased from 0% to 3.71%.

Thursday 13:50 Kistos PLC (KIST)
TR-1
https://www.investegate.co.uk/kistos-pl ... 50319794U/
On 03/08/2022, Schroders plc reduced from 9.343% to 4.978051%.

Thursday 13:00 Clontarf Energy PLC (CLON)
Result of AGM and Capital Reorganisation
https://www.investegate.co.uk/clontarf- ... 00479766U/
at the Annual General Meeting of the Company held earlier today (the "AGM"), all resolutions put to shareholders were duly passed....
At the AGM, shareholders approved the Capital Reorganisation, as detailed in the Annual Report....being subdivided into one new Ordinary Share of 0.01 pence each ("New Ordinary Shares") and one deferred share of 0.24 pence each ("Deferred Shares") on the basis of one New Ordinary Share and one Deferred Share for each Existing Ordinary Share.

Thursday 12:54 Star Phoenix Group (STA)
Claim Against Range Resources Trinidad Limited
https://www.investegate.co.uk/star-phoe ... 54559765U/
has submitted three claims at a total amount of approximately TT$14.9 million (£1.78 million) against Range Resources Trinidad Limited ("RRTL" or the "Defendant") in the Supreme Court of Trinidad and Tobago in respect of breach of loan, service and equipment rental contracts from the Defendant (the "Claims"). A Court date will be scheduled in due course.

Thursday 10:56 Lekoil Limited (LEK)
Litigation Update
https://www.investegate.co.uk/lekoil-li ... 56449442U/
The Company announced on 14 June 2022 that it had successfully challenged Mr. Akinyanmi's choice of the New Jersey state court forum as improper to hear the claim and the claim would be stayed until further notice pending arbitration. Mr Akinyanmi has now appealed the decision of the court. The Company will fight this appeal.

Thursday 10:48 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 48129419U/
On 03/08/2022, Stuart Hawthorne holding via Hargreaves Lansdown Nominees Limited increased from 11.14% to 12.07%.

Thursday 10:23 'Surgutneftegas' PJSC (SGGD)
Information statement on income paid on the issuer’s securities
https://www.investegate.co.uk/--39-surg ... 2312ECELX/
Amount of income paid on one issuer’s security:
- per ordinary share: RUB 0.80;
- per preference share: RUB 4.73.

Hallucigenia
Lemon Quarter
Posts: 1446
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Re: Hal's oily roundup

#520693

Postby Hallucigenia » August 8th, 2022, 11:13 am

Lamprell officially become an offshore windmill company that also does oil rigs rather than vice versa, casually announce that Thunderball have 50% at the end of their 2021 results. Kosmos produce 62kboepd, pay down debt, LNG on target for the end of next year. Diversified's interims held back by heavy hedging but still doing their thing. Mosman increase production 73% to nearly 300boepd.
Egdon/Union Jack appeal the North Kelsey planning decision, Touchstone progress the paperwork in Trinidad, Aminex will be getting some free Kiliwani seismic done as part of a survey next door, Prospex put some solar panels on their Spanish power plant, Cadogan feel the need to emphasise that their legal decision went their way - don't know what's been said elsewhere.

Brent=$94.26(August)               WTI=$88.41(August,Brent-5.85)       Nymex gas=$7.89(August)   
NBP =366.84p(August,Nymex+36.44) TTF=€195.505(September,Nymex+50.49) JKM=$44.660(September,Nymex+36.77)

Today 10:08 Rockhopper Exp plc (RKH)
Blocklisting Applications
https://www.investegate.co.uk/rockhoppe ... 08372501V/
an application has been made to the London Stock Exchange for a block listing of securities in respect of 60,917,237 Ordinary Shares of £0.01 each (the "New Ordinary Shares") to be admitted to trading on AIM. It is expected that admission will become effective on or around 10 August 2022. The New Ordinary Shares will be issued when necessary, in order to satisfy the issue of shares pursuant to the exercise of warrants issued in the capital raising in June 2022.

Today 08:50 Mosman Oil & Gas (MSMN)
USA Production & Development Update
https://www.investegate.co.uk/mosman-oi ... 50312300V/
· FY22 Net Production of 37,915 boe, a 66% year on year increase.
· Production for the June 2022 quarter was 24,495 boe gross and 8,815 boe net. A 73% increase in Net Production compared to the June 2021 quarter

Today 07:02 Diversified Energy (DEC)
Interim Results for the 6 Months Ended 30 June '22
https://www.investegate.co.uk/diversifi ... 02061700V/
• Declared 2Q22 interim dividend of $0.0425 per share (2Q20: $0.0400 per share, +6%)
• Paid $72 million of dividends to shareholders
• Record average net daily production: 136 MBoepd (+29% vs 1H21: 106 MBoepd), exit rate of 139 MBoepd
• Maintained industry-leading consolidated corporate decline rate of ~8.5%(a)
• Achieved 1H22 Adjusted EBITDA(b) of $224 million (+48% vs 1H21: $151 million) with Cash Margin(c) of 48%
• Net Loss of $935 million which includes $1.2 billion (pre-tax) of non-cash hedge valuation losses
• Free Cash Flow Yield(d) of 22%
• Leverage ratio of 2.2x(e) (Adjusted Net Debt of $1.1 billion(e))
• Completed $970 million in Asset Backed Securitisations ("ABS") at a blended fixed rate of 5.3%(f)
• Liquidity of ~$469 million
Diversified has published the Company's 2022 Interim Report on it's website at https://ir.div.energy/financial-info and has also made available a supplementary 2022 Interim Results Presentation at https://ir.div.energy/presentations .
From which :
we have a weighted average hedge floor of $3.50 per Mcf for the remainder of 2022 and $3.27 per Mcf for 2023, up $0.31 and $0.21, respectively, from our year-end 2021 reporting....Entered into a series of trades for $87.6 million to align the Group’s hedge portfolio with its financing entities. These trades elevate our floor price for certain trades and eliminate our ceiling price on other contracts....While higher realised sales prices in the six months ended 30 June 2022 contributed $45 million in additional Hedged Total Revenue, we will not realise the full impact of the higher commodity price environment until the second half of 2022 and into 2023 when the increase in our hedged floor price, the result of recent enhancements to our hedge portfolio, will be more impactful....the magnitude of the loss is amplified due to the increase in the size of our longdated hedge portfolio, which has increased meaningfully with the addition of ABS III, IV and V. The percentage of our long-term future production hedged increases with each additional ABS transaction and can extend through the life of the note.

Today 07:00 Diversified Energy (DEC)
Second Quarter Dividend Announcement
https://www.investegate.co.uk/diversifi ... 00071698V/
the Board has declared an interim dividend of 4.25 cents per share in respect of 2Q22 for the six month period ended 30 June 2022, consistent with 1Q22 and a 6% increase over 2Q21 (4.00 cents).

Today 07:00 Lamprell plc (LAM)
2021 Financial Results
https://www.investegate.co.uk/lamprell- ... 00072180V/
In 2021, as net zero carbon targets and the energy transition dominated the headlines, our pipeline of renewables projects grew from USD 2.5 billion to USD 4.6 billion, exceeding the value of prospective oil & gas projects for the first time in our history.....Presently there is circa 35 GW of installed offshore wind capacity across the globe. This is expected to reach 200 GW by the end of the decade. For context, 1 GW represents approximately 100 jacket foundations, or over 1 year of Lamprell's current capacity....We recognise the significant fabrication capacity crunch the industry is likely to face in the near and medium term.....
[sales up 14.8% but costs up more] Net loss for the year ended 31 December 2021 was USD 60.0 million (2020: loss of USD 53.4 million). The loss is driven by the low revenue levels which did not generate sufficient margin contribution to cover the Group's overhead of USD 69.0 million and our share of loss of investments accounted for using the equity method of USD 17.0 million.....
Based on the current shareholdings of Thunderball, which in aggregate represent approximately 45.18% of the Company's issued share capital, and irrevocable undertakings by certain other shareholders to vote in favour of the Offer representing an additional 4.82% of issued share capital, the Directors have forecast that the Offer will be accepted by the Shareholders.

Today 07:00 Kosmos Energy Ltd (KOS)
2nd Quarter Results
https://www.investegate.co.uk/kosmos-en ... 00061678V/
• Net Production(2): ~62,200 barrels of oil equivalent per day (boepd) with sales of ~62,400 boepd
• Revenues: $620 million, or $109.28 per boe (excluding the impact of derivative cash settlements)
• Production expense: $90 million, or $15.88 per boe
• Capital expenditures (excluding acquisitions and divestitures): $220 million
• Generated free cash flow(1) of approximately $67 million (~$290 million in 1H 2022)
• Accelerating debt repayment with net leverage falling to ~1.6x...year-end net leverage expected to be lower than our 1.5x target.
Kosmos exited the second quarter of 2022 with $2.1 billion of net debt(1) and available liquidity of over $1.0 billion. The Company generated $67 million of free cash flow in the second quarter, and around $290 million in the first half of the year. Excluding capital expenditure in Mauritania and Senegal, base business cash flow in the first half of the year was around $450 million. Utilizing free cash flow from the strong business performance in the first half of the year, the Company paid down over $200 million of debt in the quarter.
Phase 1 of the Greater Tortue Ahmeyim liquified natural gas (LNG) project continues to make good progress and was over 80% complete at quarter-end...the FPSO sailaway date is now expected to be in the fourth quarter with the same high level of completion prior to sailaway (previously expected to be end of the third quarter). We continue to target first gas in the third quarter of 2023 with first LNG end-2023.

Today 07:00 Egdon Resources PLC (EDR)
Submission of North Kelsey Planning Appeal
https://www.investegate.co.uk/egdon-res ... 00051476V/
is pleased to advise the submission of an appeal against the refusal by Lincolnshire County Council in March 2022 of an extension of time to the existing planning permission for the drilling and testing of a conventional exploration well at the North Kelsey site in PEDL241.

Today 07:00 Union Jack Oil PLC (UJO)
Submission of North Kelsey Planning Appeal PED241
https://www.investegate.co.uk/union-jac ... 00051506V/
further to the announcement of 14 March 2022, the Operator of PEDL241, Egdon Resources U.K. Limited, has submitted an appeal on behalf of the Joint Venture partnership, against the refusal of an extension of time to the existing planning permission by Lincolnshire County Council for the drilling and testing of a conventional exploration well at the North Kelsey site. Union Jack holds a 50% economic interest in PEDL241. The Operator estimates that gross Prospective Resources range from 4.66 to 8.47 million barrels of oil ("mmbo"), with a Mean Resource of 6.47 mmbo.

Today 07:00 Touchstone Explrtn. (TXP)
COMPLETION OF THE CASCADURA EIA
https://www.investegate.co.uk/touchston ... 00061675V/
announces that the Trinidad and Tobago Environmental Management Authority ("EMA") has confirmed that no further information is required regarding the Cascadura Environmental Impact Assessment ("EIA"). The Cascadura EIA supports the Company's application for a Certificate of Environmental Clearance ("CEC") to conduct development operations within the Cascadura area of the Ortoire block....
Pursuant to statutory CEC rules, the EMA confirmed that a final CEC determination will be made by September 15, 2022. Touchstone has an 80 percent operating working interest in the Ortoire block, with Heritage Petroleum Company Limited holding the remaining 20 percent working interest.

Today 07:00 Aminex PLC (AEX)
Kiliwani Operations Update
https://www.investegate.co.uk/aminex-pl ... 00061670V/
Orca Energy Group Inc. ("Orca") has recently announced that the 3D seismic acquisition programme, covering a total area of 200 km2 to include the adjacent Songo Songo Licence with a ca. 12.5 km2 incursion into the Kiliwani North Development Licence ("KNDL"), has been awarded to African Geophysical Services LLP ("AGS"). Having now received all environmental approvals, Orca is targeting completion of the acquisition programme before year end

Today 07:00 Prospex Energy PLC (PXEN)
El Romeral: Project Apollo On Stream
https://www.investegate.co.uk/prospex-e ... 00061712V/
is pleased to announce the successful installation of a 41.5 kW array of 83 solar panels on the roof of the El Romeral power plant, known as Project Apollo, was completed on 4 August 2022. The Company holds a 49.9% working interest in El Romeral through its interest in Tarba Energía S.L. ('Tarba').
Project Apollo powers part of the ancillary services at the plant, thereby leading to reduced self-consumption and increased sales of electricity. The cost of installation was less than €50,000 which was financed from existing funds held by Tarba. Payback from this investment is estimated to be three to four years.

Today 07:00 Cadogan Petroleum Plc (CAD)
Loan to Proger Managers & Partners srl - Arbitral Update
https://www.investegate.co.uk/cadogan-p ... 0000PBC21/
reports that on August 1st, 2022, Mr. Marco Lombardi, the Director of Proger Managers & Partners S.r.l. sent out an announcement on the result of the arbitral proceeding between the aforementioned company together with MA.LO. s.r.l., TIFS Partecipazioni s.r.l. and Proger Ingegneria s.r.l., on the one hand and Cadogan Petroleum Holding B.V. on the other hand.
This announcement does not reflect the effective result of the arbitral proceeding and it represents inaccurate and incomplete information to the market.

Today 07:00 Serinus Energy PLC (SENX)
Investor Presentation
https://www.investegate.co.uk/serinus-e ... 00061724V/
Jeffrey Auld CEO, Andrew Fairclough CFO, Stuart Morrison COO, and Calvin Brackman VP, External Relations & Strategy will provide a live presentation relating to Half year results via the Investor Meet Company platform on 15th Aug 2022 at 8:00am BST.

Today 07:00 Vaalco Energy Inc (EGY)
Share Buy Back Program & Transaction Update
https://www.investegate.co.uk/vaalco-en ... 00062200V/
announces that VAALCO's Board has approved a share buy-back program of up to US$30 million, equivalent to up to US$0.27/share(1), to be commenced promptly subject to completion of the proposed combination (the "Transaction") of VAALCO and TransGlobe taking place.

Today 07:00 TransGlobe Energy (TGL)
VAALCO APPROVED SHARE BUY-BACK POST CLOSING TRANS
https://www.investegate.co.uk/transglob ... 00061797V/
VAALCO's Board has approved a share buy-back program of up to US$30 million, equivalent to up to US$0.27/share(1), to be commenced promptly subject to completion of the proposed combination (the "Transaction") of VAALCO and TransGlobe taking place.

Today 07:00 Vaalco Energy Inc (EGY)
Dividend Declaration
https://www.investegate.co.uk/vaalco-en ... 00072201V/
announces its quarterly cash dividend of $0.0325 per share of common stock for the third quarter of 2022 ($0.13 annualized), which is payable September 23, 2022 to stockholders of record at the close of business on August 24, 2022....upon closing of the proposed strategic combination of VAALCO with TransGlobe Energy, we plan to nearly double our target annualized dividend to $0.25 per share annually, with payments to be made quarterly, and the first payment to be made in the first quarter post completion.

Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds and Share Issue
https://www.investegate.co.uk/canadian- ... 00061689V/
has issued 9,995,002 common shares pursuant to a conversion of $2,000,000 principal of 2025 Bonds and 5,895,000 common shares to its financial adviser and brokers in connection with its Convertible Bond financing.

Today 07:00 Arrow Exploration (AXL)
Standard form for notification of major holdings
https://www.investegate.co.uk/arrow-exp ... 00071718V/
On 21-Jul-2022, Edale Europe Absolute Master Fund holding via Edale Capital LLP reduced from 7.2% to 6.38% and adjusted their shares vs other formats.

Today 07:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00051620V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00061717V/
Pharos Energy plc, announces that on 5 August 2022, in accordance with the terms of its share buyback programme announced on 20 July 2022 (the "Programme") it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares and Corrections
https://www.investegate.co.uk/jadestone ... 00062191V/
in accordance with the terms of its share buyback programme announced on 2 August 2022, it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#521025

Postby Hallucigenia » August 9th, 2022, 1:20 pm

Not much news today, perhaps the big one is Seplat getting government clearance for their deal with Exxon - which looks like it's telling NNPC to butt out and end their attempt to preempt it, Gran Tierra have lots of cashflow and have got debt below 1.0x EBITDA, Sound update with some drill targets and starting a farmout process for Tendrara, the Synergia/Oilex refrac seems to be going to plan. Good day for some of the juniors, feels like people are taking on board that we have a serious energy problem, also helps that eg Russian oil exports via Ukraine have been suspended by Ukraine since Thursday because it wasn't getting transit fees due to sanctions.

Brent=$97.95(August)            WTI=$91.88(August,Brent-6.07)        Nymex gas=$7.72(August)   
NBP =350p(August,Nymex+34.63) TTF=€189.800(September,Nymex+49.19) JKM=$44.470(September,Nymex+36.75)

Today 11:42 PJSC Tatneft (ATAD)
New Legal Regime for ADR Holders
https://www.investegate.co.uk/pjsc-tatn ... 42484320V/
[think it's just replacing BNY Mellon with Citi as the depositary for ADRs?]
Text of the Deposit Agreement is available at SEC's EDGAR via the following link:
https://www.sec.gov/Archives/edgar/data ... ex99-a.htm

Today 09:34 SDX Energy PLC (SDX)
TR-1: Notification of major holdings
https://www.investegate.co.uk/sdx-energ ... 34004001V/
On 03/08/2022, Luca Padulli (Director) (St Peter Port, Guernsey, Channel Islands) holding via Parsimony Limited reduced from 8.56% to 6.52%.

Today 08:00 Canadian O'Seas Petr (COPL)
New Investor Presentation
https://www.investegate.co.uk/canadian- ... 00093924V/
an additional presentation to its website today titled, 'Resource Report & Summer Update'. This presentation was used on the Company's InvestorMeetCompany.com webinar August 8, 2022 and is available via the Company's website at PowerPoint Presentation (canoverseas.com) .

Today 07:20 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 20073796V/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Yesterday 22:23 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces Second Quarter 2022 Results
https://www.investegate.co.uk/gran-tier ... 2305H4733/
Average Total Production of 30,607 BOPD, Highest since Fourth Quarter 2019
Total Average Production Up 4% from First Quarter 2022 and 33% from Second Quarter 2021
Net Income: Gran Tierra generated net income of $53 million, up 275% from first quarter 2022 (“the Prior Quarter”), and versus a net loss of $18 million in second quarter 2021.
Increased Adjusted EBITDA (1) to $140 Million, Up 286% Year-on-Year
Grew Net Cash Provided by Operating Activities to $143 Million, Up 285% Year-on-Year
Increased Funds Flow from Operations (1) to $104 Million, Up 345% Year-on-Year, Highest since First Quarter 2013
Generated Free Cash Flow (1 ) of $38 Million
Credit Facility Repaid in Full
As of June 30, 2022, Cash Balance of $109 Million and Net Debt (1) of $491 Million
Rapid Debt Reduction: Gran Tierra has repaid its credit facility. In only two years, Gran Tierra fully paid down its credit facility balance from $207 million to zero, which demonstrates the Company’s commitment to rapidly reduce debt with its free cash flow(1). As of June 30, 2022, the Company had a cash balance of $109 million and net debt(1) of $491 million. The Quarter’s net debt to annualized EBITDA(1) ratio was below 1.0 times and the Company is targeting a long-term net debt to EBITDA ratio of under 1.0 times at an assumed $60/bbl Brent oil price.

Today 07:00 Sound Energy PLC (SOU)
Financing Update, Farm-Out Process and Exploration
https://www.investegate.co.uk/sound-ene ... 00043276V/
is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concession, an update on the Company's exploration and appraisal activities and the launch of a farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits.
As announced on 23 June 2022, the Company mandated Attijariwafa bank, a Moroccan multinational bank and one of the leading banks in Morocco, to arrange a long-term project senior debt facility of up to c.US$250 million for the partial financing (the "Phase 2 Senior Debt") of the currently estimated approximately US$330 million Phase 2 development costs (gross, 100%) of the Tendrara Production Concession.
the Company announces that it has initiated a formal farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits and has appointed Gneiss Energy Limited, a leading energy corporate finance advisory firm, to manage the farm-out process.
the Company has continued to re-evaluate the extensive exploration portfolio within the Greater Tendrara and Anoual exploration permits surrounding the Tendrara Production Concession. The Company had high graded several potential near term subsalt drilling opportunities within the Trias Argilo-Gréseux Inférieur ("TAGI") gas reservoir, the proven reservoir of the TE-5 Horst gas accumulation within the Tendrara Production Concession.
The Company is pleased to announce the exploration potential in these three planned drilling targets. [1190bcf GIIP, 21%-50% CoS]

Today 07:00 Union Jack Oil PLC (UJO)
Capital Reduction Update
https://www.investegate.co.uk/union-jac ... 00023111V/
An application to the High Court of Justice has been made and an initial hearing has been scheduled for 12 August 2022. A final hearing for the Court to consider the Capital Reduction has been scheduled for 30 August 2022. The timing and approval of the Capital Reduction remains at the discretion of the Court.

Today 07:00 Hydrogen Utopia Intl (HUI)
Engineering Consultant Appointment & Options Grant
https://www.investegate.co.uk/hydrogen- ... 00053187V/
is pleased to announce the appointment of Duncan Snelling as an Engineering Consultant to the Company with immediate effect. Duncan is a highly experienced Chartered Engineer with over 25 years of project development and project management expertise gained across a range of engineering projects in industrial gases, hydrogen generation, carbon capture and renewable energy. Most of Duncan's career was spent at Air Products as part of the global engineering business in locations across the UK, Europe, the Middle East, Africa and Asia. Since 2021 he has run his own consultancy business.

Yesterday 18:30 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 30003209V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:58 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5806H8806/
They bought back 3,600,000 shares at £0.000 = £0

Yesterday 17:46 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 46413186V/
They bought back 11,300,060 shares at 415.206p = £46,918,578.11

Yesterday 17:06 Seplat Energy PLC (SEPL)
Ministerial consent to proposed cash acquisition
https://www.investegate.co.uk/seplat-en ... 06373129V/
is pleased to announce that it has received a letter from the Honourable Minister of State for Petroleum Resources ("HMSPR") notifying Seplat Energy that His Excellency, President Muhammadu Buhari has graciously approved that Ministerial Consent be granted to Seplat Energy Offshore Limited's (a Seplat Energy subsidiary) cash acquisition of the entire share capital of Mobil Producing Nigeria Unlimited ...
As announced on 25 February 2022, Seplat Energy had agreed to acquire the entire share capital of MPNU for a purchase price of $1.283 billion plus up to $300 million contingent consideration.

Yesterday 17:00 TotalEnergies SE (TTE)
TotalEnergies: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z1716/
€243m

Yesterday 16:35 Touchstone Explrtn. (TXP)
Price Monitoring Extension
https://www.investegate.co.uk/touchston ... 35123088V/
https://uk.finance.yahoo.com/quote/TXP.L/chart
On the day it's soared +24.1% with a spike to +30%. Over the last 2 weeks it's jumped +54% with a spike to +61%.

Yesterday 14:30 Genel Energy PLC (GENL)
Director/PDMR Shareholding
https://www.investegate.co.uk/genel-ene ... 3003EDPQV/
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 5 August 2022 Luke Clements exercised options granted to him under the Company’s Restricted Share Plan. Following the option exercise sufficient shares were sold to cover tax liabilities and remaining shares have been retained. The notification below also includes a sale and purchase of the same number of shares in order for the shares to be held in an ISA.

Yesterday 14:19 Synergia Energy Ltd (SYN)
Cambay C-77H Re-frac Operations Update No7
https://www.investegate.co.uk/synergia- ... 19302960V/
The C-77H well on the onshore Cambay gasfield (100% Synergia) has been tied-in to the C-73 production facility in order to facilitate the sale of the produced gas to the grid. The well is still flowing back the frac fluid with approximately 50% of the expected flow back having been removed. The gas production rate is up to 0.5 mmscfd but the sustainable gas rate will not be known until substantially most of the frac fluid has been removed.

Yesterday 14:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00452931V/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's up +10% with a spike to +26%. Over the last 2 weeks it's jumped +25.7% with a spike to +44%.

Yesterday 14:00 Touchstone Explrtn. (TXP)
Price Monitoring Extension
https://www.investegate.co.uk/touchston ... 00242929V/
https://uk.finance.yahoo.com/quote/TXP.L/chart
On the day it's soared +24.1% with a spike to +30%. Over the last 2 weeks it's jumped +54% with a spike to +61%.

Yesterday 13:57 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 57502926V/
E.ON and Petrom contracts

Yesterday 11:06 Scirocco Energy PLC (SCIR)
Kiliwani Operations Update
https://www.investegate.co.uk/scirocco- ... 06122665V/
notes the update issued today by Aminex PLC on operations at the Kiliwani North Development Licence (KNDL), in which Scirocco holds a legacy 8.39% non-operated working interest.
"We are pleased to note the positive progress reported by Aminex today, which will better characterise and enhance the JV's understanding of the potential resource. In so doing, this should support the Company in exploring options to divest or otherwise realise value from the asset as it pivots to investments in sustainable energy and the circular economy."

Yesterday 11:00 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 00352658V/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's jumped +13% with a spike to +13%. Over the last 2 weeks it's jumped +39.3% with a spike to +39%.

Yesterday 11:00 Touchstone Explrtn. (TXP)
Price Monitoring Extension
https://www.investegate.co.uk/touchston ... 00352657V/
https://uk.finance.yahoo.com/quote/TXP.L/chart
On the day it's soared +24.1% with a spike to +30%. Over the last 2 weeks it's jumped +54% with a spike to +61%.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#521217

Postby Hallucigenia » August 10th, 2022, 1:11 am

Might as well get the rest of today's out of the way, I may be busy tomorrow. Big news is that Kistos and Serica are officially ending their talks (or rather glaring at each other without talking) and walking away from any kind of deal, one assumes egos are at the heart of it.

Brent=$96.31(August)               WTI=$90.58(August,Brent-5.73)     Nymex gas=$7.86(August)   
NBP =357.24p(August,Nymex+35.28) TTF=€192.184(September,Nymex+49.66) JKM=$44.620(September,Nymex+36.76)

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00044650V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 18:00 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0005H9007/
They bought back 2,900,000 shares

Yesterday 17:41 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 41094679V/
They bought back 11,107,987 shares at 422.364p = £46,916,119.42

Yesterday 16:55 Kistos PLC (KIST)
Rule 2.8 Announcement
https://www.investegate.co.uk/kistos-pl ... 55034497V/
Kistos plc ("Kistos") is disappointed that, despite repeated attempts by Kistos, the Board of Serica Energy plc ("Serica") has failed to engage meaningfully either with respect to Kistos' proposed offer for Serica or the terms of Serica's offer for Kistos despite the board of directors of both companies acknowledging the industrial logic in combining the portfolios of the two companies. As a result, Kistos today formally announces that it will not make a firm offer for Serica.
The Board of Kistos (the "Kistos Board") remains confident in Kistos' strategic direction and positioning as an independent North Sea gas champion and proactive consolidator in the sector....The Kistos Board will therefore continue to pursue other paths to deliver further on those goals, with the objective of enhancing shareholder value and driving scale and consolidation

Yesterday 16:36 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 36254595V/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's dropped -12.2%. Over the last 2 weeks it's been in the usual range.

Yesterday 15:14 Serica Energy PLC (SQZ)
Rule 2.8 announcement
https://www.investegate.co.uk/serica-en ... 14344544V/
Further to the announcement made by Serica Energy plc ("Serica") in relation to a possible offer by Serica for the entire issued and to be issued share capital of Kistos plc ("Kistos"), Serica confirms that it does not intend to make an offer for Kistos.
Kistos announced on 12 July 2022 that it had rejected a possible offer from Serica on 8 July 2022. Subsequently it has not been possible to reach agreement with Kistos on the terms or structure of a revised possible offer.
Serica will continue to proactively seek opportunities to utilise its strong balance sheet and operating capability to invest in its existing assets and diversify its production portfolio through mergers and acquisitions.

Hallucigenia
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Re: Hal's oily roundup

#521275

Postby Hallucigenia » August 10th, 2022, 10:14 am

Not much but what there is is chunky, we welcome back Afentra from suspension, at 75% above the pre-deal price, and 88E's consultants manage to get a number for Icewine that just happens to be over [Dr Evil] 1...beellion barrels recoverable and raise £5.8m on the back of it. Transglobe issue their final interims before the Vaalco takeover, 12kboepd at $42.25 netback works.

Always interesting to see the terms people raise debt on, Afentra's RBL is 5-year, SOFR+8%, plus a shorter-term facility at SOFR+4.75%.

Brent=$95.69(August)               WTI=$89.82(August,Brent-5.87)        Nymex gas=$7.85(August)   
NBP =376.89p(August,Nymex+37.73) TTF=€199.400(September,Nymex+51.87) JKM=$44.620(September,Nymex+36.77)

Today 09:07 PetroTal Corp. (PTAL)
Exercise of Performance Warrants and TVR
https://www.investegate.co.uk/petrotal- ... 07065487V/
it received a notice to exercise 267,500 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$49,996 in respect for the warrants exercised.

Today 08:44 Afentra PLC (AET)
Replacement: DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 44495455V/
he following amendment has been made to the 'Director/PDMR Dealings' announcement released on 10 August 2022 at 7.10 a.m. under RNS No 5307V. The description of the volumes in section 4(c) of each of the Director's notifications below has been amended to reflect the terms of the Founders Share Plan more accurately. All other details remain unchanged. The full amended text is shown below.
Afentra plc ('Afentra' or the 'Company') announces that on 5 August 2022 the Company made conditional awards under the Founders Share Plan (the "Founders Plan"), the principal terms of which were previously set out in the Company's report and accounts, to the executive directors of the Company as set out below:

Today 07:30 AIM ()
Restoration - Afentra Plc
https://www.investegate.co.uk/aim/rns/r ... 30025312V/
Trading on AIM for the under mentioned securities was temporarily suspended. The suspension is lifted from 10/08/2022 7:30am, an admission document having been published.

Today 07:03 88 Energy Limited (88E)
Proposed placing to raise up to A$10 million
https://www.investegate.co.uk/88-energy ... 03075310V/
proposes to raise up to A$10.0 million (£5.8 million) (before expenses), with the ability to accept over-subscriptions of up to A$4.99 million (£2.8 million) within the Company's existing placement capacity, pursuant to a placing (the "Placing") of new ordinary shares of no par value in the Company (the "Placing Shares") at a price per Placing Share of A$0.009 (equivalent to 0.5189 pence) (the "Placing Price"). The Placing Price is equivalent to a discount of 18.2% to the closing price

Today 07:00 88 Energy Limited (88E)
Icewine East - Maiden Prospective Resource
https://www.investegate.co.uk/88-energy ... 00114951V/
· Maiden Independent Prospective Resource estimate completed at Project Icewine East.
· Total estimated Prospective Resource of 1.03 billion barrels (Bnbbls) of oil* recoverable from multiple reservoir zones.
· Independently certified prospective resource estimate prepared by Lee Keeling & Associates, Inc.,
· 88 Energy Limited is intending to drill an exploration well on the acreage in 2023.

Today 07:00 88 Energy Limited (88E)
Interim Report
https://www.investegate.co.uk/88-energy ... 00114950V/
For the period ended 30 June 2022 the Company recorded a loss of $67.3 million (30 June 2021: $445,446 profit). The loss was largely attributable to the impairment of the Merlin 1 and Merlin 2 wells of $67.62 million.
As at 30 June 2022, the Group had cash on hand of $10.5 million (31 December 2021: $32.31 million) and no debt. Net assets totalled A$119 million (31 December 2021: $139.84 million). The decline in net assets is largely due to impairment of exploration & evaluation assets and also the decrease in cash on hand with cash being used primarily to fund the Merlin 2 activities. The investment in Bighorn Energy increased Net Assets to the amount of A$22.1 million.

Today 07:00 Afentra PLC (AET)
Publication of Admission Document and Notice of GM
https://www.investegate.co.uk/afentra-p ... 00094785V/
further to the announcement made on 28 April 2022 regarding the proposed acquisition of interests in Block 3/05 and Block 23 (the 'Acquisition') from Sonangol Pesquisa e Produço S.A. ('Sonangol'), an Admission Document in relation to the Acquisition and Notice of General Meeting to approve the Acquisition will be posted to shareholders today and is available to download from the Company's website....
o Net 2P reserves of 27.7 million barrels
o Net 1H 2022 production of c.4,700 bbl/day net to Afentra
o Up to $75 million RBL facility3; 8% margin over 3-month SOFR
o Up to $30 million revolving working capital facility; 4.75% margin over 1-month SOFR
· Admission Document available to download from the Company's website in accordance with the AIM Rules: https://afentraplc.com/wp-content/uploa ... eeting.pdf
· General meeting to approve the Acquisition will be held on 30th August 2022
· Admission of enlarged group to trading on AIM expected Q4 2022
Afentra's management team will host a live audiocast presentation today at 10am to provide further details on the Acquisition and the assets. The live audiocast can be accessed via the Investor Meet Company platform

Today 07:00 TransGlobe Energy (TGL)
TGL Announces Q2 2022 Fin and Operating Results
https://www.investegate.co.uk/transglob ... 00104811V/
§ Second quarter sales averaged 12,609 boe/d including 104.0 Mbbls sold to EGPC for proceeds of $11.8 million and one cargo lifting of 451.0 Mbbls of entitlement crude oil sold for proceeds of $46.3 million;
§ Average realized price for Q2-2022 sales of $95.37/boe; Q2-2022 average realized price on Egypt sales was $101.29/bbl and on Canadian sales was $59.65/boe;
§ Funds flow from operations of $42.5 million ($0.58 per share) in the quarter;
§ Second quarter net earnings of $32.1 million ($0.44 per share), inclusive of a $0.6 million unrealized derivative gain on commodity contracts;
§ Ended the second quarter with positive working capital of $78.6 million, including cash of $61.2 million;
§ Achieved consolidated netbacks of $42.25 per boe during the second quarter, an increase of 49% from the previous quarter
Production in the month of July averaged ~11,458 boe/d (Egypt ~9,257 bbls/d, Canada ~2,201 boe/d), a decrease of 6% from Q2-2022 primarily due to Egypt production being affected by higher than expected natural declines and low initial well performance from the secondary Q2 drilling campaign targets, partially offset by an increase in production in Canada after completion of the planned third-party facility turnaround in the second quarter;
§ On July 14 2022 TransGlobe and VAALCO Energy, Inc. announced that they have entered into a definitive arrangement agreement pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe The Transaction will result in VAALCO stockholders owning approximately 54.5 percent and TransGlobe shareholders owning approximately 45.5 percent of the combined company.

Today 07:00 NWF Group PLC (NWF)
Issue of Equity
https://www.investegate.co.uk/nwf-group ... 00064686V/
it has issued 273,800 ordinary shares of 25 pence each ("Ordinary Shares") pursuant to awards previously made under the NWF Company Performance Share Plan (the "Plan"), following the satisfaction of certain performance conditions.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00094779V/
it has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00104798V/
it purchased the following number of ordinary shares of £0.05 each in the Company ("Ordinary Shares") through Peel Hunt LLP ("Peel Hunt"). The shares purchased will be cancelled.

Hallucigenia
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Re: Hal's oily roundup

#521531

Postby Hallucigenia » August 11th, 2022, 9:23 am

Several interims today, VAALCO going well, Petrofac's not that great as expected, a third of Touchstone's cashflow went on cleaning up after vandalism,
Zephyr on track, 88E complete their placing including extras, President have a fire, SDX spud SAK-1 in Morocco, Prospex/Po Valley get cracking on Selva following their approval and are a little ahead of schedule. Seplat get touchy about anyone suggesting that licensing in Nigeria might be anything other than 100% above board.
And apparently we now have to add "the Rhine running dry and preventing coal etc reaching the Ruhr" as a factor affecting the energy market...

Brent=$96.95(August)               WTI=$91.51(August,Brent-5.44)        Nymex gas=$8.28(August)   
NBP =389.82p(August,Nymex+39.40) TTF=€211.000(September,Nymex+55.60) JKM=$44.710(September,Nymex+36.43)

Today 08:46 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 46016970V/
On 08-Aug-2022, Bank of America Corporation reduced from 13.603% to 11.358%.

Today 08:20 88 Energy Limited (88E)
Placement to raise A$14.9M
https://www.investegate.co.uk/88-energy ... 20026961V/
it has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$14.9 million (equivalent to £8.59m) before costs (the Placement ). This is to be achieved through the issue of 1,655,555,556 fully paid ordinary shares in the Company (the New Ordinary Shares ) at an issue price of A$0.009 (equivalent to £0.0052) per New Ordinary Share) (the Placement Price ).
The funds raised under the Placement together with the Company's existing cash reserves (A$6.1 million (equivalent to £3.52m) as at 31 July 2022), are to be used to fund the planned Icewine East well long lead, pre-planning and permitting activities including planning for a flow test program, contingencies, new ventures portfolio expansion opportunities, and working capital.

Today 07:19 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 19316879V/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposits without auto-renewal option, with the interest rate negotiated on August 10, 2022, in the amount of RON 20,000,000.00, due on September 19, 2022 and RON 20,000,000.00, due on September 26, 2022.

Today 07:02 Diversified Energy (DEC)
Director/PDMR Shareholdings
https://www.investegate.co.uk/diversifi ... 02076849V/
on 8 August 2022 and 10 August 2022, members of its Board of Directors (the "Board") acquired through the market ordinary shares

Today 07:00 Diversified Energy (DEC)
Sustainability-Linked Loan Amendment
https://www.investegate.co.uk/diversifi ... 00126847V/
announces enhanced alignment of its Revolving Credit Facility led by KeyBank National Association (the "Facility") with its stated ESG initiatives through an amendment converting the Facility into a Sustainability-Linked Loan ("SLL")....
The amendment also extends the SSL's maturity to August 2026 [think it was 2025?], reaffirms the borrowing base of $300 million and included no other material changes to pricing or terms.

Today 07:00 Vaalco Energy Inc (EGY)
SECOND QUARTER 2022 RESULTS
https://www.investegate.co.uk/vaalco-en ... 00116347V/
●Reported strong Q2 2022 net income of $15.1 million ($0.25 per diluted share) and Adjusted Net Income (1) of $30.7 million ($0.52 per diluted share);
●Increased Adjusted EBITDAX (1) by 81% quarter-over-quarter to $60.8 million in Q2 2022 a record high for VAALCO driven by strong pricing and increased sales volumes;
●Increased Q2 2022 average daily production by 14% to 9,211 net revenue interest ( "NRI") (2) barrels of crude oil per day ( "BOPD"), or 10,587 working interest ("WI") (3) BOPD, compared to Q1 2022;
●Maintained a strong balance sheet with no debt and an unrestricted cash balance of $53.1 million, not including the proceeds from the May and June liftings of $70.3 million, which were received in July and August 2022;
●Replacement of existing Floating Production, Storage and Offloading unit ( "FPSO") proceeds on schedule and new Floating Storage and Offloading ("FSO") vessel is scheduled to arrive offshore Gabon on August 12 th ;

Today 07:00 Petrofac Limited (PFC)
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2022
https://www.investegate.co.uk/petrofac- ... 0039EOCMJ/
H1 financial performance in line with guidance with good momentum in AS and IES, offset by challenges in E&C’s mature portfolio
Business performance EBIT of US$2 million(1)(2)
Reported net loss of US$(14) million(2) inclusive of separately disclosed items
Group order intake of US$1.1 billion(3) with book-to-bill of 0.9x
Healthy 18-month Group pipeline of US$57 billion
High levels of bidding activity in E&C with opportunities expected to be awarded evenly over the second half
Backlog of US$3.7 billion
Net debt of US$341 million(6) and liquidity of US$511 million(7)
Free cash flow in second half expected to be broadly neutral...
Our priorities in the second half of the year are clear. First, we will continue to safely deliver the existing backlog for our clients, while maintaining cost discipline. Second, we will focus on closing out the delayed commercial settlements, to unwind working capital and return to positive free cash flow from 2023. Lastly, we will make progress in securing awards in E&C to deliver growth in full year backlog. Our recent US$200 million provisional award in Algeria, while small, is evidence of our competitiveness and marks the beginning of a multi-year upcycle.
In the first half there was a free cash outflow of US$193 million, which resulted in net debt of US$341 million at 30 June 2022 (31 December 2021: US$144 million). This was largely driven by lower EBITDA, a working capital outflow, and the payment of the US$104 million SFO Court penalty, partly offset by US$98 million of divestment proceeds related to the Greater Stella Area and the Mexico operations. The increase in working capital was primarily a result of the delays in concluding commercial settlements in E&C and the release of provisions in Asset Solutions following the completion of certain contracts.
Liquidity(7) was US$511 million at 30 June 2022 (31 December 2021: US$705 million) and the Group remained in compliance with its banking covenants(8). Due to the expected timing of commercial settlements, net debt at the year end is now expected to be broadly in line with the position at 30 June 2022. This is principally due to timing as certain receipts previously expected in the second half of 2022 are now expected to be received in the first half of 2023.

Today 07:00 Touchstone Explrtn. (TXP)
Q2 2022 FINANCIAL AND OPERATING RESULTS
https://www.investegate.co.uk/touchston ... 00116344V/
· Achieved quarterly average crude oil production volumes of 1,420 barrels per day ("bbls/d"), representing a 2 percent increase relative to the preceding quarter and a 1 percent increase from the 1,402 bbls/d produced in the second quarter of 2021.
· Realized petroleum sales of $12,596,000 from an average crude oil price of $97.48 per barrel compared to petroleum sales of $7,586,000 from an average realized price of $59.06 per barrel in the comparative quarter of 2021.
· Generated an operating netback of $44.99 per barrel, a 19 percent increase from the first quarter of 2022 and a 71 percent increase from the $26.30 per barrel reported in the second quarter of 2021.
· Our funds flow from operations was $1,133,000 in the quarter, which was net of $540,000 accrued for reclamation costs related to the previously announced oil spill which occurred as a result of vandalism in June 2022.
· Exited the quarter with cash of $9,425,000, a working capital surplus of $346,000 and $30,000,000 drawn on our term credit facility, resulting in a net debt position of $23,654,000.

Today 07:00 Zephyr Energy PLC (ZPHR)
Q2 2022 results from Williston Basin portfolio
https://www.investegate.co.uk/zephyr-en ... 00116349V/
· Quarterly revenues totalled US$14.3 million net to Zephyr, up from US$11.5 million in the first quarter of 2022 ("Q1") and a 16-fold increase from US$0.9 million reported in Q2 2021.
· Quarterly operating income was US$10.1 million (after taxes, lease operating expenses, hedging impacts, and gathering and marketing fees).
· Q2 sales volumes averaged circa 1,856 barrels of oil equivalent per day ("boepd") , an increase from circa 1,600 boepd in Q1 2022 and from 148 boepd in Q2 2021.
· Zephyr reiterates its previously released 2022 production and revenue guidance of an expected US$35-40 million in non-operated revenue, net to Zephyr, for FY 2022 based on a forecast production range of 500,000 to 550,000 barrels of oil equivalent ("boe") for the year.

Today 07:00 Hurricane Energy PLC (HUR)
Operational and Financial Update
https://www.investegate.co.uk/hurricane ... 00116352V/
As of 9 August 2022, Lancaster was producing c.8,400 bopd from the P6 well alone with an associated water cut of c.47%....The Company will be carrying out its planned annual shutdown during September with the next cargo anticipated to be lifted in October 2022....As previously reported, during July 2022 the Company repaid in full its outstanding $78,515,000 7.50 per cent Convertible Bonds plus $1.5 million of accrued interest and is now debt free. As of 31 July 2022, the Company had net free cash(4) of $89 million.

Today 07:00 Genel Energy PLC (GENL)
Update on Tawke PSC
https://www.investegate.co.uk/genel-ene ... 0019ESUOD/
DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
Gross production at the Tawke licence averaged 106,900 bopd during the second quarter, of which Peshkabir contributed 62,300 bopd and Tawke 44,600 bopd, the latter representing the first quarterly production increase since 2015 at this legacy field as new wells are drilled, workovers conducted on existing ones and gas injection continued.
In the second quarter, four new production wells were brought onstream on the Tawke licence with three at Tawke and one at Peshkabir. Together with wells drilled in the first quarter, natural field decline has been arrested and reversed, including at Tawke, raising DNO’s full-year projection to 107,000-109,000 bopd (previously 105,000 bopd).
Genel’s production guidance for 2022 is unchanged, with net portfolio production currently expected to be between 30-31,000 bopd for the full-year.

Today 07:00 SDX Energy PLC (SDX)
SPUD OF SAK-1 WELL, LALLA MIMOUNA SUD, MOROCCO
https://www.investegate.co.uk/sdx-energ ... 00126370V/
is pleased to announce the spudding of the SAK-1 exploration well on the 6 August 2022 at the Lalla Mimouna Sud concession, Morocco (SDX WI: 75%). SAK-1, is targeting the Guebbas Formation reservoir at around 1,108m MD (1,095m TVDSS). The well will also complete the remaining commitment on the Lalla Mimouna Sud Concession.
SAK-1 is the first of a fully-funded, two well campaign on the SDX Gharb Basin acreage, Morocco planned for Q3 2022, with up to a further three wells being considered for acceleration into Q4 2022/Q1 2023 depending on the results of the Q3 campaign and customer demand.

Today 07:00 President Energy PLC (PPC)
HSE Update on Puesto Flores Facility
https://www.investegate.co.uk/president ... 00126870V/
At 10:25 a.m. on 10 August 2022, President's battery in its Puesto Flores facility, Rio Negro experienced a fire breakout, limited to the area containing the separator units, which was controlled and extinguished immediately. Full HSE protocols were activated, and there were no injuries to personnel. Despite minor damage, the tank and storage areas were not affected. President immediately launched an investigation to identify the causes of the incident with the intention to restart the plant without delay....
No injuries were suffered and there were no material oil losses. Oil production capability from the wells is totally unaffected.

Today 07:00 Prospex Energy PLC (PXEN)
Italy: Selva Field Development Update
https://www.investegate.co.uk/prospex-e ... 00096305V/
· Subject to costs and first production timing remaining on this revised schedule, the Company expects to be able to fund its share of capex from existing resources
"We are extremely pleased that the Operator has signed the construction contract with TESI on behalf of the Joint Venture. Signing the TESI contract is an important step for the Joint Venture, as it secures both the costs and the schedule to first gas which is now expected by the start of the second quarter of 2023, some three months ahead of previous schedule estimates.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00116356V/
has purchased the following number of ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") through Stifel Nicolaus Europe Limited ("Stifel") . The repurchased shares will be cancelled.

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00036219V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:47 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4734H9194/
They bought back 2,750,000 shares

Yesterday 17:16 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 16536222V/
They bought back 11,194,089 shares at 421.655p = £47,200,479.96

Yesterday 17:00 SDX Energy PLC (SDX)
Replacement: Results of Court Meeting and GM
https://www.investegate.co.uk/sdx-energ ... 00036176V/
The following amendment has been made to the "Results of Court Meeting and General Meeting and Lapsing of the Scheme" announcement released 29 July 2022 at 14:19 under RNS No. 3086U.
The original announcement incorrectly stated that the percentage of voting scheme shareholders at the court meeting was 13.29% for, 10.49% against and 23.78% in total. It should have stated that the percentage was 55.88% for, 44.12% against and 100% in total.

Yesterday 16:33 Seplat Energy PLC (SEPL)
Response to Allegations of Impropriety
https://www.investegate.co.uk/seplat-en ... 33456141V/
Seplat Energy has become aware of news and social media reports alleging impropriety in the process of securing ministerial consent to the acquisition of Mobil Producing Nigeria...Such reports are wholly untrue and the Company will pursue legal action against any parties involved in disseminating false information related to its business.

Yesterday 16:01 Longboat Energy PLC (LBE)
Holding(s) in Company
https://www.investegate.co.uk/longboat- ... 01546113V/
On 04 Aug. 2022, CAIAC Fund Management AG (as administrator of four funds) (Liechtenstein) now holds 13.326%

Yesterday 15:50 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 50366110V/
On 09-Aug-2022, BlackRock, Inc. reduced from 5.45% to 5.32%.

Yesterday 14:23 Afentra PLC (AET)
DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 23126020V/
on 10 August 2022 that Paul McDade purchased 821,192 ordinary shares of £0.10 each in the Company at a price of 24.30 pence per share. As a result of this trade, Paul's total shareholding in the Company comprises 3,088,192 shares, representing approximately 1.40% of the Company's issued share capital.

Yesterday 14:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00526014V/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's dropped -16% having touched -20%. Over the last 2 weeks it's been in the usual range.

Yesterday 12:00 Hydrogen Utopia Intl (HUI)
Grant of options
https://www.investegate.co.uk/hydrogen- ... 00055809V/
it has granted EMI share options under the Hydrogen Utopia International PLC Share Option Plan over 1,729,730 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to James Nicholls-May, the Company's CFO (the "Options"). The Options are exercisable at a price of 9.25p per Ordinary Share, being the closing price on 8 August 2022, are not subject to performance conditions and will be exercisable between the first and tenth anniversaries of the date of grant.

Yesterday 11:40 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 40555800V/
On 10-Aug-2022, David and Monique Newlands increased from 0% to 3.1%.

Yesterday 11:23 Tullow Oil PLC (TLW)
Rule 2.9 Announcement
https://www.investegate.co.uk/tullow-oi ... 23315764V/
it had in issue 1,438,524,083 ordinary shares of GBP 0.10 each with voting rights. No ordinary shares were held in treasury. Therefore, the total number of shares with voting rights in the Company at the above date was 1,438,524,083.

Yesterday 11:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00265701V/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's dropped -16% having touched -20%. Over the last 2 weeks it's been in the usual range.

Yesterday 10:53 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 53285688V/
On 08-Aug-2022, ODEY ASSET MANAGEMENT LLP increased from 3.71% to 4.26%.


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