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Hal's oily roundup

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#521772

Postby Hallucigenia » August 11th, 2022, 10:44 pm

Might as well do the rest of today - Seplat's acquisition of Exxon assets is turning into farce as there are rumours that the ministerial approval has been withdrawn - it's no way to make a >£1bn deal. And of course after that previous post, Longboat has bounced without an RNS - surely too soon for news on Oswig?

Brent=$99.41(August)            WTI=$93.99(August,Brent-5.42)        Nymex gas=$8.71(August)   
NBP =402p(August,Nymex+40.34) TTF=€208.110(September,Nymex+54.26) JKM=$45.335(September,Nymex+36.62)

Today 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27097818V/
They bought back 10,903,807 shares at 425.774p = £46,425,525.00

Today 18:05 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0522H9388/
They bought back 5,060,967 shares

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00077780V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation

Today 17:46 Trinity Exploration (TRIN)
Issue of Equity, Director / PDMR Dealings and TVR
https://www.investegate.co.uk/trinity-e ... 46187784V/
has issued 852,014 new ordinary shares in the Company ('Ordinary Shares') to certain employees who have exercised options that vested in respect of the 2017 One Off Award, 2017 Rolling Award and 2018 Award made under the approved 2017 Long Term Incentive Plan ("LTIP"), as announced to the market on 10 July 2020, 13 August 2021 and 7 June 2022.

Today 16:41 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 41547697V/
On 09-Aug-2022, Bank of America Corporation holding via Merrill Lynch International increased from 11.358% to 13.125%.

Today 16:24 Serica Energy PLC (SQZ)
BLOCK LISTING SIX MONTHLY RETURN
https://www.investegate.co.uk/serica-en ... 24277676V/
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 2017 Long Term Incentive Plan.

Today 15:54 S.N.G.N. Romgaz S.A. (SNGR)
Convening of OGMS and EGMS on Sep.22(23), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 54237658V/
the Ordinary General Meeting of Shareholders (OGMS) on September 22, 2022, at 1:00 pm (Romania Time at the SNGN ROMGAZ SA working point located in Bucharest, Sector 1, 59 Grigore Alexandrescu Street, 5th floor,

Today 14:00 Longboat Energy PLC (LBE)
Price Monitoring Extension
https://www.investegate.co.uk/longboat- ... 00377559V/
https://uk.finance.yahoo.com/quote/LBE.L/chart
On the day it's jumped +9.2% with a spike to +23%. Over the last 2 weeks it's up +12.2% with a spike to +27%.

Today 12:28 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 28117467V/
Looney BP ShareMatch UK Plan

Today 12:01 Seplat Energy PLC (SEPL)
Response to Media Reports
https://www.investegate.co.uk/seplat-en ... 01287422V/
Seplat Energy has become aware of a news report that Ministerial Approval of the Company's proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited ("MPNU") has been withdrawn.
Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities.

Today 10:05 Lamprell plc (LAM)
Notice of AGM/Annual Report And Accounts
https://www.investegate.co.uk/lamprell- ... 05387172V/
Lamprell announces that the 2022 Notice of Annual General Meeting ("AGM") and the 2021 Annual Report and Accounts will be mailed or otherwise made available to shareholders today. ...The AGM will be held as a closed meeting at the corporate offices of Lamprell Energy Limited, Hamriyah Freezone, Sharjah, United Arab Emirates on Tuesday 6 September 2022 at 5:00 p.m. (UAE time)....
Following publication of the 2021 Annual Report and Accounts, the Board will apply to the FCA for the restoration of the Group's shares to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange.

Today 09:13 Afentra PLC (AET)
Director / PDMR Dealings
https://www.investegate.co.uk/afentra-p ... 13137076V/
on 10 August 2022 that Gavin Wilson purchased 300,000 ordinary shares of £0.10 each in the Company at a price of 24.50 pence per share.

Today 07:00 Caspian Sunrise plc (CASP)
Result of GM
https://www.investegate.co.uk/caspian-s ... 00116345V/
The Company is pleased to announce that at the Company's General Meeting held earlier today all resolutions were duly passed with majorities of 99.9% in favour.

Hallucigenia
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Re: Hal's oily roundup

#521887

Postby Hallucigenia » August 12th, 2022, 12:25 pm

Jadestone down 10% on downgrading production guidance on the back of Malaysia problems and stopping production at Montara to deal with the leaks and maintenance backlog. Romgaz making lots of money, Ascent get some cash out of their Slovenian partner and Eco mobilise the rig for Gazania. Oh, and Lamprell are back from suspension. I think that leaves just DG Innovate of the recent suspensions still active, and that one has really bad vibes around it. Also interesting Sinopec delisting its ADRs - before they are pushed?

For those who've missed it, last night I gave an update to my post from January where I suggested that "buying a basket of the top 5-10 of this list [sorted by price momentum] will do alright over the next 6-12 months"; it would have given you a return of 63-77% in less than two months, and 42-50% if you were still holding.

Also this is worth a read on the problems with French electricity - everything from rusty pipes in their nuclear reactors to no cooling water from drought-stricken rivers : https://www.bloomberg.com/opinion/artic ... his-winter

Brent=$98.7(August)                  WTI=$93.12(August,Brent-5.58)        Nymex gas=$8.72(August)   
NBP =397.05p(August,Nymex+39.46) TTF=€203.430(September,Nymex+52.66) JKM=$45.335(September,Nymex+36.62)

Today 11:35 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.- ... 35328866V/
· S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. OMV PETROM S.A.

Today 10:23 China Pet &Chem Corp (SNP)
INTENTION TO DELIST ADSs FROM THE NYSE
https://www.investegate.co.uk/china-pet ... 23198686V/
it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The board of directors of the Company approved the delisting of its ADSs from the NYSE as well as the application for the deregistration of such ADSs and the underlying H Shares
Interesting timing....

Today 10:07 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 07528669V/
Deputy Chairman buys

Today 07:30 Official List ()
Restoration - Lamprell plc
https://www.investegate.co.uk/official- ... 30048355V/
The Financial Conduct Authority ("the FCA") restores the securities set out below to the Official List effective from 12/08/2022 07:30:

Today 07:10 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 10588373V/
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 Jadestone Energy PLC (JSE)
Montara Operations and Corporate Update
https://www.investegate.co.uk/jadestone ... 00098368V/
Further to the announcement in June 2022 reporting a small leak of oil from a crude oil tank on the Montara Venture FPSO, followed by an interim repair and subsequent restart of production from Montara, the Company has been working to complete a permanent repair to tank 2C. During preparations for this repair, an additional internal defect in water ballast tank 4S was detected and this will also be included in the workscope of repairs....the Company has taken the decision to temporarily shut-in production from Montara and reorganise offshore manpower on the FPSO enabling priority and focus on maintenance and inspection crews...It is currently anticipated that these inspection and repair activities will result in production being shut-in during the remainder of August and potentially through September 2022. It is currently anticipated that prioritising the activity referenced above will result in incremental costs of US$2-4 million....
the Company now expects that 2022 production will average between 13,000 and 14,000 boe/d. This compares to the announcement on 20 June 2022, which signalled that 2022 production would likely be around 15,500 boe/d, being the lower end of the previous guidance range. The revised 2022 production guidance reflects the Company's assumption that production from its non-operated assets offshore Peninsular Malaysia will now remain shut in for the remainder of 2022, due to ongoing delays in reinstating operations....
· H1 2022 production of 15,008 boe/d
· Total H1 2022 revenues: US$225.6 million
· End H1 2022 cash balance: US$161.1 million

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
H1 2022 Report
https://www.investegate.co.uk/s.n.g.n.- ... 00077760V/
National gas consumption recorded a decrease of roughly 13.3% for the first 6 months of 2022 as compared to the similar period of last year, while Romgaz deliveries decreased by 6.7%. Therefore, Romgaz has a 61.44%marketshare in terms of deliveries from internal production, by 10.5% higher than the share held in the similar period of 2021.
Natural gas production for first half of 2022, was 2,515.1 million m3, indicating an insignificant production decline (0.16%) related to the production recorded in H1 2021.
Romgaz electricity production reached 544.66 GWh, higher by 341.58 GWh than the production in the similar period of 2021 (+168.2%). This production placed Romgaz at a market share of 1.95%[2].
Consolidated net profit per share (EPS) was RON 4.5.
Margins of main profitability indicators for H1 2022: net consolidated profit (23.02%), consolidated EBIT (26.19%) and consolidated EBITDA (29.12%) are slightly decreasing as compared to the first half of 2021 (33.9%; 38.9% and 52.7% respectively) as a consequence of higher taxes and fees paid by the Group, but maintain a high rate.
Total income is by RON 5,346.29 million higher, recording a 236.75% rise. The largest contribution is represented by the revenue from gas sales (RON 6,683.05 million in H1 2022 as compared to RON 1,965.74 million in H1 2021).
ü Total Expenses increased in H1 2022 by 309.27% mainly due to higher royalty expenses (+ RON 734.01 million) and to the windfall tax (+ RON 3,457.16 million). A new windfall tax was introduced in Q2 2022, related to electricity sales, the amount of such windfall tax was RON 62.84 million;
ü Net consolidated profit of RON 1,725.95 million, by 126.62% higher, namely RON 964.34 million, as compared to the similar period of last year;

Today 07:00 President Energy PLC (PPC)
H1 Argentina Financial Results
https://www.investegate.co.uk/president ... 00087877V/
announces key highlights from the independently reviewed results from the first six months of the year to 30 June 2022 ("H1") in Argentina in accordance with Argentine reporting rules.
· Turnover in excess of US$18 million. President is currently projecting turnover in Argentina for the full year in excess of US$40 million
· The results do not include any beneficial impact from the successful new wells in Salta. These are expected to positively impact results in H2 2022
· Profit before tax* for H1 of US$8.1 million
· During H1 the average oil reference price in Rio Negro for domestic sales was US$58.89 per barrel
· Currently the reference price for domestic sales in Argentina is US$65 per barrel

Today 07:00 ADM Energy PLC (ADME)
17th Cargo Lifting at Aje Field
https://www.investegate.co.uk/adm-energ ... 00087861V/
is pleased to announce the completion of the 17 th Lifting ("Lifting") at the Aje Field, part of OML 113 offshore Nigeria. The Lifting totalled 94,187 barrels with a net share of 8,683 barrels to ADM, which equates to ADM's profit interest of approximately 9.2%.

Today 07:00 Ascent Resources PLC (AST)
Receipt of First Revenue Payment
https://www.investegate.co.uk/ascent-re ... 00087857V/
is pleased to announce receipt of the first cash payment from its Slovenian partner following the recently announced agreement on revenue recognition. As announced on 2 August, the Company and its JV partner agreed Ascent's entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells for the period of April 2020 through to June 2022. The Company's 100% owned subsidiary, Ascent Slovenia Limited, has received the first net cash payment of €650,560 in relation to production from April 2020 through to December 2021 (the "First Period"). This net payment is calculated as €832,168 in revenue for the First Period, less €180,607 of JV costs relating to historic concession and legal fees. The second and final payment relating to the 2022 hydrocarbon revenues, totalling a further net cash payment of €857,617 to Ascent, is expected to follow shortly.

Today 07:00 Eco (Atlantic) O&G (ECO)
Rig mobilisation for Gazania-1 and Namibia Update
https://www.investegate.co.uk/eco--atla ... 00088341V/
The rig is now under contract to Eco and its JV partners and will move on to the Gazania-1 well on Block 2B, 25km offshore the Northern Cape in Orange Basin South Africa. The rig is expected to arrive and spud by the end of September 2022, subject to weather conditions. The Gazania-1 prospect is targeting a 300 million barrels light oil resource. The well will take approximately 25 days to drill... Eco Atlantic (50% WI and Operator)...
it has signed Joint Operating Agreements ("JOA's") with NAMCOR, the National Petroleum Corporation of Namibia, with regard to the Company's four operated offshore Petroleum Licence ("PEL") interests in Namibia

Today 07:00 Afentra PLC (AET)
Replacement: DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 00087842V/
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.

Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds
https://www.investegate.co.uk/canadian- ... 00087871V/
has issued 1,999,000 common shares pursuant to a conversion of $400,000 principal of 2024 Bonds.

Hallucigenia
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Re: Hal's oily roundup

#521973

Postby Hallucigenia » August 12th, 2022, 7:02 pm

A nice little gift for Echo shareholders after hours, giving away 56% of the company in a placing and to debt owners. They obviously lost the battle of waiting to see if higher prices could reduce the debt down to manageable amounts. DG Innovate finally get their results out, it turned out to "merely" be a misstatement of option value by £2m but the auditors couldn't find anything more than that (apart from a bit of nepotism with the CEO's son doing £70k of IT work). A Seplat non-exec pointedly sells his entire holding at this moment when their big deal is in doubt. Thunderball send out the official bid document for Lamprell, Romgaz manage a spectacular $600m typo in their results.

Brent=$98.19(August)            WTI=$92.21(August,Brent-5.98)        Nymex gas=$8.76(August)   
NBP =394p(August,Nymex+39.09) TTF=€206.108(September,Nymex+53.26) JKM=$45.390(September,Nymex+36.63)

Today 18:14 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1436H9585/
They bought back 3,900,000 shares

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00019256V/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 17:06 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 06499218V/
They bought back 10,711,380 shares at 431.281p = £46,196,146.34

Today 17:02 Echo Energy PLC (ECHO)
Proposed Debt Restructuring and Placing
https://www.investegate.co.uk/echo-ener ... 02299212V/
is pleased to announce a proposed comprehensive debt restructuring together with a placing of new Ordinary Shares ("Placing Shares") which will be conducted by way of an accelerated bookbuild (the "Bookbuild") to raise not less than £450,000, before expenses, at a fixed price of 0.25 pence per share...
The Company announces a proposed restructuring of its existing debts, pursuant to which the Company has entered into a conditional agreement with Lombard Odier Asset Management (Europe) Limited* ("LO") to, inter alia, convert in full the Company's existing EUR 5.0m 8.0% secured convertible debt facility with LO (the "LO Facility") into new Ordinary Shares at a price of 0.45p per share representing a substantial premium of 75.1% to the closing mid-market price per Ordinary Share of 0.257p on 11 August 2022
• Proposed conversion of an aggregate of €15.0 million of existing debt principal, together with accrued interest thereon, excluding the LO Interest Conversion shares, into new Ordinary Shares at a price of 0.45p
• Proposed reduction of remaining Note coupon from 8% to 2% with suspension of further cash interest payments for two years. Remaining Note maturity extended to 2032
the Company has agreed to issue to LO 213,949,943 new Ordinary Shares...
The Company also proposes to seek the approval of the holders of the Company's Luxembourg listed EUR 20.0m 8.0% secured notes
In connection with the Placing, the Company will also grant investors in the Placing 1.07 warrants for every one Placing Share subscribed for...Each Warrant gives the holder the right to subscribe for one new Ordinary Share at a price of 0.25 pence per Ordinary Share (the "Strike Price") at any time until the second anniversary of issue
[€15m conversion would be 642m shares, 44.2% of the 1,452m previously outstanding, the placing represents another 180m or 12.4%]

Today 17:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00019143V/
On 11-Aug-2022, The Leona M. and Harry B. Helmsley Charitable Trust reduced from 3.961% to 2.97%.

Today 15:00 Chariot Limited (CHAR)
Grant of Deferred Share Awards
https://www.investegate.co.uk/chariot-l ... 00019092V/
As a result, the following Directors were granted deferred bonus share awards in the form of nil cost options over ordinary shares ("Ordinary Shares") on 12 August 2022. Subject to continuing office, these share awards will vest evenly over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032.

Today 14:55 Seplat Energy PLC (SEPL)
Director/PDMR Shareholding
https://www.investegate.co.uk/seplat-en ... 55009100V/
The Company was notified of the sale of 16,139 ordinary shares registered in the name of Mr. Kazeem Abiodun Raimi, a Non- Executive Director of the Company. Following this sale, Mr. Kazeem Abiodun Raimi holds nil ordinary shares in the Company.

Today 14:25 DG Innovate PLC (DGI)
Final results for the year ended 31 December 2021
https://www.investegate.co.uk/dg-innova ... 25559081V/
Following the publication of the Company's final results for the year ended 31 December 2021, the Company will apply to the Financial Conduct Authority to request a restoration of its listing on the Official List and to resume trading on the London Stock Exchange....
Whilst the delay to the publication of the accounts was disappointing, I believe we have now put the challenges of the DGI reverse takeover transaction behind us and we can focus solely on progressing the commercialisation of the Company's exciting suite of electric mobility and storage technologies...
Formal testing of the new 250kW Pareta© integrated E-drive shall commence imminently, with results expected during the coming weeks. We also hope to be shortly in a position to detail the results of the performance of our anode within the industrial scale up of our consortium partners' Sodium-Ion battery trials.
Based on our audit work, we identified a material error of £2,042,335 in the calculation of the share options and warrants charge which has now been adjusted in these financial statements by management. Following this audit adjustment, we have concluded that the treatment of the share options and warrants within the financial statements is not materially misstated....We were appointed by the Audit Committee on 3 May 2022 to audit the financial statements for the year ended 31 December 2021....
Included in accruals is a balance of £70,000 (2020: £Nil) reimbursed to Chris Theis, a director of the company, in respect of IT support provided by his son Elliot Theis.

Today 14:16 S.N.G.N. Romgaz S.A. (SNGR)
Directorate Changes
https://www.investegate.co.uk/s.n.g.n.- ... 16059076V/
· Appointment of S.N.G.N. Romgaz S.A. Chief Executive Officer for a period of 4 months
· Appointment of S.N.G.N. Romgaz S.A. Deputy Chief Executive Officer for a period of 4 months
· Appointment of S.N.G.N. Romgaz S.A. Chief Financial Officer for a period of 4 months

Today 13:32 S.N.G.N. Romgaz S.A. (SNGR)
Erratum H1 2022 Report - English version
https://www.investegate.co.uk/s.n.g.n.- ... 32599045V/
we hereby inform the capital market about a typing error in the Board of Directors' Report included in the H1 2022 Report of S.N.G.N. ROMGAZ S.A. - English version, namely:
"The agreed transaction price is USD 1.6 bln"....shall read:"The agreed transaction price is USD 1.06 bln. "
[!!!!!!]

Today 13:30 Seplat Energy PLC (SEPL)
Q2 2022 Interim Dividend Currency Exchange Rates
https://www.investegate.co.uk/seplat-en ... 30019034V/
the following currency exchange rates will be applicable in determining the Q2 2022 interim dividend to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or Sterling (GBP):

Today 12:56 Thunderball Invest. ()
Publication of Offer Document
https://www.investegate.co.uk/thunderba ... 56059020V/
On 21 July 2022, the boards of directors of Thunderball and Lamprell announced that they had reached agreement on the terms and conditions of a recommended cash offer to be made by Thunderball for the entire issued and to be issued share capital of Lamprell not already held by Thunderball or any persons acting in concert with it.
Thunderball announces that the offer document, which contains the full terms and conditions of the Offer and the procedures for acceptance (the "Offer Document"), together with the related Form of Acceptance, is being published and sent today to Lamprell Shareholders and to persons with information rights.
The Offer will remain open for acceptance until 1:00 p.m. (London time) on 11 October 2022

Hallucigenia
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Re: Hal's oily roundup

#522617

Postby Hallucigenia » August 15th, 2022, 2:01 pm

UKOG confident that Horse Hill will survive going to the Supreme Court, Argos will need a placing to keep going but their interims promise fancy new seismic processing, Echo's placing was oversubscribed, Serinus had solid results despite issues with getting a rig in Tunisia. Thalassa's boss does like his macro waffle, but the shares haven't moved despite a 83% increase in claimed assets, if you believe the book value they're now at a 78% discount to NAV. Velocys have a good example of a RNS where they say nothing but explain how they relate to the Inflation Reduction Act and are rewarded with a 10% bump in the shares.

Brent=$93.06(August)               WTI=$87.19(August,Brent-5.87)        Nymex gas=$8.47(August)   
NBP =406.2p(August,Nymex+40.65) TTF=€213.535(September,Nymex+55.39) JKM=$45.390(September,Nymex+36.92)

Today 12:19 Ascent Resources PLC (AST)
Result of General Meeting
https://www.investegate.co.uk/ascent-re ... 19310529W/
resolutions put to Shareholders at the General Meeting of the Company held earlier today were duly passed.

Today 11:59 UK Oil & Gas PLC (UKOG)
Horse Hill Update
https://www.investegate.co.uk/uk-oil--- ... 59360477W/
further to the Court of Appeal's February 2022 dismissal of the challenge by Finch on behalf of the Weald Action Group (Finch et al) to Surrey County Council's grant of Horse Hill production consent (UKOG 85.635%) , the Company now understands that, disappointingly, but perhaps not unsurprisingly, the claimant has been given a final legal avenue to appeal to the Supreme Court. Should the claimant adopt this final permitted course of action, it is expected to be heard some time from Q2 2023 onwards. No further action by the claimant will be permissible after any such hearing. Planning consent currently remains in full force and lawful oil production at Horse Hill will continue until further notice.

Today 09:30 Mosman Oil & Gas (MSMN)
Director/PDMR Shareholding
https://www.investegate.co.uk/mosman-oi ... 30330059W/
on 15 August 2022, the Company was notified that John W Barr, Executive Chairman of the Company, transferred 32,254,583 ordinary shares from Kensington Advisory Services P/L to Kensington Consulting P/L which acts as trustee of the Barr Superfund, at a price of AUD34,000. Following the transaction, there is no change in John Barr's beneficial ownership, which remains at 82,354,584 Ordinary Shares, representing 1.58% of the Company.

Today 09:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00230021W/
https://uk.finance.yahoo.com/quote/EDR.L/chart
On the day it's been in the usual range.

Today 07:32 'Surgutneftegas' PJSC (SGGD)
Statement of a significant fact of other events (actions) that, according to the issuer, exert a significant impact on the value or quotations of its securities
https://www.investegate.co.uk/--39-surg ... 3250EWJIW/
In accordance with part 13 of Article 6 of Federal Law No. 114-FZ dated 16.04.2022 “On amendments to the Federal Law “On Joint Stock Companies” and certain legislative acts of the Russian Federation”, “Surgutneftegas” PJSC has sent the depositary, in which the depositary program account was opened, a notice to take actions, aimed at acquisition of a corresponding amount of shares of “Surgutneftegas” PJSC by holders of foreign issuer’s securities (DR ISIN US8688612048, DR ISIN US8688611057) with their rights accounted in Russian depositories.

Today 07:00 Serinus Energy PLC (SENX)
Interim Results for 6 months ended 30 June 2022
https://www.investegate.co.uk/serinus-e ... 00069396V/
· Revenue for the six months ended 30 June 2022 was $29.3 million (30 June 2021 - $15.9 million)
· Funds from operations for the six months ended 30 June 2022 were $ 8.2 million (30 June 2021 - $ 5.3 million)
· EBITDA for the six months ended 30 June 2022 was $8.1 million ( 30 June 2021 - $5.5 million)
· Gross profit for the six months ended 30 June 2022 was $8.0 million (30 June 2021 - $2.1 million)
· The Company realised a net price of $154.83/boe for the six months ended 30 June 2022 comprising:
· The Group's operating netback remained strong for the six months ended 30 June 2022 and was $113.38/boe ( 30 June 2021 - $26.72/boe), comprising:
o Romania operating netback - $171.01/boe ( 30 June 2021 - $28.73/boe)
o Tunisia operating netback - $63.49/boe ( 30 June 2021 - $21.85/boe)
· Capital expenditures of $4.2 million ( 30 June 2021 - $5.9 million), comprising:
· Working capital improved to $2.8 million (31 December 2021 - $0.6 million)
· Cash balance as at 30 June 2022 was $7.2 million (31 December 2022 - $8.4 million)
· Canar-1 exploration well commenced drilling on 4 August 2022
Immediately upon completion of the drilling of Canar-1, the rig will be moved to the Moftinu Nord-1 location and will commence drilling of the Moftinu Nord-1 exploration well
· Production for the period averaged 1,006 boe/d,
o Romania - 485 boe/d
o Tunisia - 521 boe/d

Today 07:00 Argos Resources Ltd (ARG)
2022 Interim Financial Results
https://www.investegate.co.uk/argos-res ... 00059319V/
· US$105 thousand loss for the period (H1 2021: loss of US$200 thousand);
· US$132 thousand cash reserves at 30 June 2022 (YE 2021: US$304 thousand);
· 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;
The Company's PL001 Licence currently expires on 31 December 2022. The Company has submitted a formal application to extend the Licence by a further 2 years beyond this date to 31 December 2024 to undertake new technical work and to market the results of that work to potential industry partners. The technical work planned involves special reprocessing of some of the 3D seismic data on Licence PL001. The results of a pilot study undertaken in 2021 to determine the effectiveness of the special processing technique have been positive and sufficiently encouraging that the Company intends to extend that work across the main prospects identified in the eastern half of Licence PL001. The Company believes this additional work should further de-risk those prospects and enhance the farmout potential of the Licence.
Any offer of a licence extension is likely to be conditional on the Company demonstrating that it has sufficient funding to carry out a work programme and cover administration costs during the Licence term. The granting of an extension is therefore likely to be dependent on the Company raising significant further funds in Q3/Q4 2022.

Today 07:00 Thalassa Holdings Ltd (THAL)
Interim Results
https://www.investegate.co.uk/thalassa- ... 0042EDXRA/
[lots of macro waffle]
The Company's hedging strategy has served THAL shareholders well during the first half of the year and whilst our long-quoted-holdings suffered, in some cases substantial declines, these were largely offset by gains in our hedge positions.
• Profit /(loss) after tax for the year £0.20m vs. (£0.81)
• Group Earnings Per Share (basic and diluted)*1 £0.03 vs. (£0.10)
• Book value per share*2 £1.50 vs. £0.82 [current SP 33p]
• Holdings £10.1m vs. £7.9m
• of which Unlisted holdings £6.4m vs. £6.1m
• of which Listed holdings £2.5m vs. £0.3m
• of which Hedges £1.2m vs. £1.5m

Today 07:00 Echo Energy PLC (ECHO)
Result of Placing
https://www.investegate.co.uk/echo-ener ... 00069399V/
The Placing was oversubscribed and has raised £0.6 million (before expenses) for the Company through the placing of 242,000,000 Placing Shares at the Placing Price of 0.25 pence per share....under the LO Agreement, LO has agreed to the conversion of accrued interest on the LO Facility for the periods Q3 2021 to 31 October 2022 inclusive to new Ordinary Shares at a conversion price of 0.25 pence per new Ordinary Share ("LO Interest Conversion"). The accrued interest to 31 October 2022 will amount to EUR 625,803.58. Accordingly, the Company has agreed to issue to LO 213,949,943 LO Interest Conversion Shares. [just for the interest but need authority for the principal]

Today 07:00 Velocys PLC (VLS)
Update on climate legislation
https://www.investegate.co.uk/velocys-p ... 00069407V/
Sustainable Aviation Fuel ("SAF") tax credits are an integral part of the [IRA] Act, together with other incentives and mechanisms to accelerate the deployment of advanced fuel technologies, generating non-fossil fuels with a significantly reduced carbon intensity.
SAF is the only current commercially scalable decarbonisation route for the aviation sector. Multiple pathways to SAF production are needed to satisfy the aviation industry's decarbonisation targets towards "net zero". Velocys continues to provide its clients with integrated extensive IP-protected technology enabling the production of synthetic aviation fuel from a variety of sustainable feedstocks with ultra-low to negative carbon intensity.
The SAF tax credits and associated incentives are expected to underpin the financing of Bayou Fuels, Velocys' advanced SAF reference project in Natchez, Mississippi, US. Bayou Fuels is a planned cellulosic biofuels plant enabling the production of carbon negative fuel through the use of biogenic feedstock, renewable power, and carbon sequestration. The biorefinery will convert 3,000 tons/day of woody biomass forestry residues into 36 million gallons/year (nameplate) of renewable transportation fuels, predominantly SAF, with a negative carbon intensity.
[if you say a typical barrel gives 44 gallons of products after refinery gains, that's 2242boepd nameplate, they're also doing one with BA at Immingham]

Today 07:00 Vaalco Energy Inc (EGY)
RECORD DATE FOR SPECIAL MEETING
https://www.investegate.co.uk/vaalco-en ... 00069379V/
its Board of Directors has set the record date for a special meeting of its stockholders to consider and vote on its proposed strategic business combination transaction with TransGlobe Energy Corporation

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00069392V/
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 ... 00079408V/
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 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z6402/
€249.5m

Today 07:00 Gulf Keystone Petroleum Ltd (GKP)
Notice of 2022 Half Year Results
https://www.investegate.co.uk/gulf-keys ... 0022ECFYD/
the Company's half year results for the period ended 30 June 2022 will be announced on Thursday 1 September 2022.

Today 07:00 Arrow Exploration (AXL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/arrow-exp ... 00079410V/
pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 1,300,000 new common shares

Today 07:00 Zephyr Energy PLC (ZPHR)
Appointment of Panmure Gordon as Joint Broker
https://www.investegate.co.uk/zephyr-en ... 00079391V/
appointed Panmure Gordon (UK) Limited as its Joint Broker with immediate effect.

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Re: Hal's oily roundup

#522884

Postby Hallucigenia » August 16th, 2022, 3:56 pm

DG Innovate return from suspension, COPL's interims are OK I guess, likewise Nostrum.
Nymex over $9, TTF and NBP still crazy even while liquids are off a bit.

Brent=$94.93(August)               WTI=$89.61(August,Brent-5.32)        Nymex gas=$9.16(August)   
NBP =458p(August,Nymex+46.28) TTF=€234.500(September,Nymex+60.89) JKM=$56.190(October,Nymex+47.03)


Today 14:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00332140W/
https://uk.finance.yahoo.com/quote/EDR.L/chart
On the day it's been in the usual range.

Today 13:00 Official List ()
Restoration - DG Innovate PLC
https://www.investegate.co.uk/official- ... 00062050W/
The Financial Conduct Authority ("the FCA") restores the securities set out below to the Official List effective from 16/08/2022 13:00:

Today 13:00 DG Innovate PLC (DGI)
Restoration of Trading
https://www.investegate.co.uk/dg-innova ... 00062084W/
Following the publication of its audited report and accounts for the year ended 31 December 2021, the Company is pleased to announce the lifting of the temporary suspension and the restoration of trading in its ordinary shares on the Main Market of the London Stock Exchange.

Today 09:52 PJSC Tatneft (ATAD)
Board convenes EGM and recommends dividends 1H2022
https://www.investegate.co.uk/pjsc-tatn ... 52151661W/
The Board recommended to the EGM to approve the dividends for 6 months of 2022 as follows:
preferred shares: 3271% of the nominal (par) value, i.e. 32 Rubles 71 Kopecks per share;
ordinary shares: 3271% of the nominal (par) value, i.e. 32 Rubles 71 Kopecks per share.

Today 07:00 Canadian O'Seas Petr (COPL)
Q2 2022 Financials and Operations Update
https://www.investegate.co.uk/canadian- ... 00100958W/
In aggregate, total net average oil production in the second quarter was 1,376 Bbls/d as compared to 1,591 Bbls/d in the first quarter of 2022. The reduction in oil production in the second quarter is due to operational interruptions at certain high impact wells.
· Petroleum sales, net of royalties were $7.1 million as compared to $7.1 million in the first quarter of 2022.
the Company incurred a net realized hedging loss of $2.6 million as compared to loss of $0.9 million in the first quarter of 2022. Specifically, it realized a loss of $4.7 million on crude oil hedge contracts as compared to a loss of $3.5 million in the first quarter of 2022, which was offset by a realized a gain of $2.1 million on butane hedge contracts as compared to a gain of $2.6 million in the first quarter of 2022.
· The operating netback was $55.72/Bbl, before the net realized loss/gain on crude oil/butane commodities contracts as compared to $48.53/Bbl, in the first quarter of 2022.
· On April 22, 2022, a brokered placing closed in which the Company issued a total of 49.93 million units for net proceeds of $12.0 million. The funds were used to further its corporate strategy of its US operations.
· A cash position of $11.5 million as at June 30, 2022 as compared to $7.8 million as at December 31, 2021.
· During the second quarter of 2022 the Company prepaid $2.9 million of its senior credit facility due 2025, reducing the principal amount to $42.1 million.
The Company has appointed debt advisors for its COPL America affiliate and is in discussion with banks and other oil lending institutions to negotiate and secure debt facilities that are intended to be used to refinance its existing senior credit facility and to provide COPL America with further capital for the development and growth of its production and associated infrastructure at the Barron Flats Shannon Unit (85% WI) ("BFU") and development of production at the Cole Creek Unit (100% WI). The Company intends to structure such borrowing facilities at the COPL America affiliate level, which directly owns the Company's Wyoming Assets, using borrowing facilities that do not result in dilution to COPL's common share capital. The Company's updated reserve report will include the Cuda working interests acquired in July 2022 and will be based upon updated commodity price decks at future report dates.

Today 07:00 Nostrum Oil & Gas (NOG)
Half-year Report
https://www.investegate.co.uk/nostrum-o ... 00080867W/
· Revenues of US$107.8m (H1 2021: US$92.3m) against average realised Brent oil price of US$104.7/bbl (H1 2021: US$65.2/bbl).
· EBITDA1 of US$68.8m (H1 2021: US$52.8m) with EBITDA1 margin of 63.8% (H1 2021: 57.2%).
· Closing unrestricted cash as at 30 June 2022 of US$208.7m (31 March 2021: US$180.8m). US$22.7m remains held in a restricted account as at 30 June 2022.
The Scheme meeting of creditors will take place next week on 22 August 2022. The restructuring will be implemented as soon as practicable following a planned court sanction hearing (currently scheduled after the Scheme meeting) and following the receipt of all necessary authorisations and licenses to complete the transaction. The Company anticipates receiving all necessary authorisations and licences required to close before or at the start of Q4.

Today 07:00 Savannah Energy Plc (SAVE)
GSA signed with Notore Chemical Industries
https://www.investegate.co.uk/savannah- ... 00100940W/
the Company's 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement ("GSA") with Notore Chemical Industries PLC ("Notore"). Accugas will supply Notore with up to 10 MMscfpd of gas to augment its current supplies. The contracted supply is on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year,

Today 07:00 GETECH Group plc (GTC)
Share Purchase by Director
https://www.investegate.co.uk/getech-gr ... 00110944W/
Michael Covington, Non-Executive Director, acquired 49,817 Ordinary Shares of 0.25p per share on 15 August 2022.

Today 07:00 Tower Resources PLC (TRP)
Grant of Options under Annual LTIP
https://www.investegate.co.uk/tower-res ... 00110890W/
The share options (the "Options") over a total of 148 million new ordinary shares ("Shares") in the capital of the Company were awarded on 15 August 2022 at an exercise price of 0.30 pence per ordinary share, being a premium of 48% over the closing price of the Shares on that day. The Options will vest in three equal tranches being 12, 24 and 36 months respectively after issue and will expire, if not previously exercised, on the fifth anniversary of their issue

Today 07:00 Wentworth Resources (WEN)
Director/PDMR Dealing
https://www.investegate.co.uk/wentworth ... 00110949W/
Iain McLaren purchased 16,759 ordinary shares of no par value at a price of 23.9p per share in the Company, equating to an aggregate value of £4,001.78 via his dividend re-investment programme.

Today 07:00 Diversified Energy (DEC)
Director / PDMR Shareholdings
https://www.investegate.co.uk/diversifi ... 00111457W/
on 11 August 2022, 12 August 2022 and 15 August 2022, members of its Board of Directors (the "Board") transacted in ordinary shares

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00110964W/
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 ... 00110967W/
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 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00060809W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:59 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5915H9916/
They bought back 5,336,203 shares

Yesterday 17:37 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 37520850W/
They bought back 11,166,240 shares at 423.995p = £47,344,321.87

Yesterday 15:47 Coro Energy PLC (CORO)
Result of General Meeting
https://www.investegate.co.uk/coro-ener ... 47560710W/
at the General Meeting of the Company held earlier today to lay the Company's annual report and accounts for the year ended 31 December 2021 and related resolutions, all resolutions put to shareholders were duly passed.

Yesterday 15:29 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 29140705W/
On 11-Aug-2022, The Goldman Sachs Group, Inc. increased from 12.389% to 12.761%.

Yesterday 14:12 Ascent Resources PLC (AST)
Arbitration Initiation & Revised Damages Estimate
https://www.investegate.co.uk/ascent-re ... 12490569W/
announces the formal submission of the request for arbitration against the Republic of Slovenia, which includes an updated preliminary damages assessment in excess of €500 million....The claim is based on what the Board believe to be a populist campaign carried out by Slovenia against the Investors and their Investment, which has prevented the development of the Petišovci oil and gas field.
In particular, Slovenia has prevented the restimulation of two wells (PG-10 and PG-11a, the "Wells") in 2017, which was necessary to maintain the levels of gas produced from the tight rock reservoir (as has been done multiple times over the last fifty years). This frustration to the ability to develop the field was achieved via a decision of its regulator, the Slovenian Environment Agency ("ARSO"), which determined that an Environmental Impact Assessment ("EIA") would be required to be approved in order to conduct the low-volume hydraulic stimulation, even though such an EIA was not required and never had been previously under Slovenian law, and ARSO's conclusion was contrary to the conclusion of Slovenia's own expert bodies. This decision significantly slowed down the development of the field by the Investors. Pending such low-volume hydraulic stimulation, the amount of gas produced by the field was very significantly reduced, resulting in a significant loss of the Investors' revenues.

Yesterday 14:00 Ascent Resources PLC (AST)
Price Monitoring Extension
https://www.investegate.co.uk/ascent-re ... 00540627W/
https://uk.finance.yahoo.com/quote/AST.L/chart
On the day it's jumped +10.9% with a spike to +25%. Over the last 2 weeks it's soared +52.9% with a spike to +73%.

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Re: Hal's oily roundup

#523091

Postby Hallucigenia » August 17th, 2022, 12:29 pm

Not much news other than Touchstone getting the environmental permit for the Cascadura development and Predator raising £3.3m towards MOU-2. Tlou cocked up and broke ASX rules with their convertible issue in March.

Brent=$92.24(August)               WTI=$86.74(August,Brent-5.50)        Nymex gas=$9.35(August)   
NBP =446.99p(August,Nymex+44.70) TTF=€228.000(September,Nymex+58.65) JKM=$56.715(October,Nymex+47.37)

Today 11:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00483345W/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -20.5% having touched -26%. Over the last 2 weeks it's down -26.2%.

Today 09:10 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 10293120W/
On 15//08/2022, Jonathan Summers increased from 5.18% to 7.08%. [assume its the ex-Goldman MD now with his own fund]

Today 09:00 Touchstone Explrtn. (TXP)
Price Monitoring Extension
https://www.investegate.co.uk/touchston ... 00163114W/
https://uk.finance.yahoo.com/quote/TXP.L/chart
On the day it's jumped +10.2% with a spike to +16%. Over the last 2 weeks it's jumped +71.4% with a spike to +81%.

Today 08:50 Hydrogen Utopia Intl (HUI)
U.S. Roadshow
https://www.investegate.co.uk/hydrogen- ... 50283100W/
its first American investor roadshow will start on the 22nd of August and last a week. On July 26th, 2022 HUI's ordinary shares started trading on the OTCQB Venture Market, which has allowed the Company to access one of the world's largest investment markets. A series of meeetings with potential retail and institutional investors will be held mainly in New York State, Atlanta and the state of Florida.

Today 08:41 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 41593098W/
On 12-Aug-2022, The Goldman Sachs Group, Inc. increased from 12.761% to 12.775%.

Today 07:00 Touchstone Explrtn. (TXP)
APPROVAL OF CASCADURA CEC
https://www.investegate.co.uk/touchston ... 00072431W/
is pleased to announce that on August 16, 2022, the Company received a Certificate of Environmental Clearance ("CEC") to conduct development operations within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental Management Authority. Touchstone has an 80 percent operating working interest in the Ortoire block, with Heritage Petroleum Company Limited holding the remaining 20 percent working interest.
The CEC approves the construction of a multi-well surface production facility with a designed production capacity of 200 million cubic feet of natural gas per day, 5,000 barrels per day of associated liquids and 200 barrels per day of produced water, with a storage capacity of 8,800 barrels of liquids on the Cascadura A wellsite. In addition to the facility, the CEC includes the drilling of eight wells at two well pads (Cascadura B and C) and the establishment of associated pipelines and infrastructure within the Ortoire block.

Today 07:00 Predator O&G Hldgs (PRD)
Placing to Raise £3.3 Million
https://www.investegate.co.uk/predator- ... 00062397W/
it has conditionally placed 60,000,000 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 5.5 pence each (the "Placing Price") to raise 3,300,000 (before expenses) (the "Placing").... will be spent entirely on high impact and high reward drilling to target the Moulouya Fan penetrated in MOU-1 in 2021. MOU-2 will target the potential reservoir "sweet spot" for which net Contingent Resources are in the range 295 BCF (Best Estimate) to 708 BCF (high Estimate)

Today 07:00 Tlou Energy Ltd (TLOU)
Issue of Convertible Notes - Update
https://www.investegate.co.uk/tlou-ener ... 00072508W/
Further to the announcement on 2 March 2022, the Company announces that on 24 March 2022, the Company issued 90,029,855 Convertible Notes under its 15% ASX Listing Rule 7.1 capacity and the remaining 25,743,045 Convertible Notes ("Further Notes") under its additional 10% ASX Listing Rule 7.1A capacity.
The Company has been informed that as the Further Notes that were issued are not an existing quoted class of equity securities, they were not able to be issued under Listing Rule 7.1A and could only be issued under its Listing Rule 7.1 capacity. This issue of the 90,029,855 Convertible Notes under Listing Rule 7.1 represented the full 15% capacity.
As such, the Company did not have sufficient placement capacity under Listing Rule 7.1 to issue the Further Notes as at 24 March 2022. As a consequence, the Company understands that it has inadvertently breached ASX Listing Rule 7.1. It is not possible to ratify the issue of the Further Notes under ASX Listing Rule 7.4 at any of the Company's meetings of shareholders. As a result, the Company cannot make any further issues under the remaining Listing Rule 7.1A capacity until it has secured shareholder approval for the extra 10% capacity at its next annual general meeting as provided for under Rule 7.1A.

Today 07:00 NWF Group PLC (NWF)
Chair Succession Update
https://www.investegate.co.uk/nwf-group ... 00082227W/
David Downie has informed the Board he will no longer assume the role of Chair of the Group, as previously announced at the time of the Half Year Results, and will step down from the Board effective 29 September 2022. The Board would like to thank David for his considerable contribution over the last five years, and wishes him well, as he looks to spend more time focussing on other portfolio commitments.

Today 07:00 Diversified Energy (DEC)
Director/PDMR Shareholdings
https://www.investegate.co.uk/diversifi ... 00082418W/
on 16 August 2022, Sylvia Kerrigan, Independent Non-Executive Director of the Company's Board of Directors, acquired through the market 5,960 ordinary shares

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00072415W/
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 ... 00072500W/
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 18:31 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 31252376W/
They bought back 10,993,089 shares at 428.986p = £47,158,846.88

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00052312W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:57 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5705H0127/
They bought back 3,550,000 shares

Yesterday 17:44 DCC PLC (DCC)
Holding in Company TR-1
https://www.investegate.co.uk/dcc-plc-- ... 44072333W/
On 12-Aug-2022, Allianz Global Investors GmbH (Frankfurt DE) increased from 0% to 5.01%.

Yesterday 17:15 ROSNEFT OIL COMPANY (ROSN)
Rosneft informs about submission of a notification for automatic conversion of GDRs
https://www.investegate.co.uk/rosneft-o ... 1508EIQLJ/
on August 15, 2022, Rosneft Oil Company submitted to the depositary (CB J.P. Morgan Bank International, LLC), in which a deposit account of depositary program had been opened, a notification of the actions required for the holders of GDRs (ISIN US67812M2070), the rights to which are recorded in Russian depositories, to obtain the corresponding number of ordinary shares (automatic conversion).

Yesterday 17:13 TransGlobe Energy (TGL)
TransGlobe Notice of Shareholder Meeting Amended
https://www.investegate.co.uk/transglob ... 13022285W/
a Shareholder Meeting will be held with a revised date of September 29, 2022 at 9:00 am (MDT) with a revised Record Date of August 24, 2022. This meeting is being held to approve the proposed merger transaction with VAALCO Energy, Inc. announced on July 14, 2022.

Yesterday 16:35 TomCo Energy PLC (TOM)
Price Monitoring Extension
https://www.investegate.co.uk/tomco-ene ... 35592236W/
https://uk.finance.yahoo.com/quote/TOM.L/chart
On the day it's jumped +13.7% with a spike to +18%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:15 Wildcat Petroleum (WCAT)
Director/PDMR Shareholding
https://www.investegate.co.uk/wildcat-p ... 15552217W/
Directors bed and ISA

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#523445

Postby Hallucigenia » August 18th, 2022, 11:58 am

SDX are going nicely, Indus get a useful bump in their selling price, Synergia (Oilex) are happy enough with the Cambay frac that they're launching a farmout on the back of it, Pantheon have completed drilling on Alkaid #2 and are making bullish noises about the logs but bitching about the cost of services, the truth will come from the fracs which are yet to come.
Meanwhile Gazprom are suggesting European gas prices have another 60% to go this winter, to $4000/thousand cubic metres = $680/boe or $117/mmBtu.

Brent=$95.13(August)              WTI=$89.29(August,Brent-5.84)        Nymex gas=$9.36(August)   
NBP =454.1p(August,Nymex+45.49) TTF=€230.000(September,Nymex+59.28) JKM=$56.820(October,Nymex+47.46)

Today 11:00 Predator O&G Hldgs (PRD)
Notice of Annual General Meeting
https://www.investegate.co.uk/predator- ... 00124672W/
Notice is hereby given that the AGM will be held at 9.30 a.m. (UK time) on Thursday 15th September 2022 at the offices of Oak Group (Jersey) Limited, 3rd Floor IFC5, Castle Street, St Helier, JE2 3BY.

Today 11:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00264889W/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's jumped +21.1% with a spike to +22%. Over the last 2 weeks it's jumped +21.1%.

Today 11:00 Bowleven plc (BLVN)
Price Monitoring Extension
https://www.investegate.co.uk/bowleven- ... 00374891W/
https://uk.finance.yahoo.com/quote/BLVN.L/chart
On the day it's been in the usual range.

Today 07:00 SDX Energy PLC (SDX)
RESULTS FOR THE 3 AND 6 MONTHS ENDED 30 JUNE 2022
https://www.investegate.co.uk/sdx-energ ... 00033956W/
· Production of 3,724 boe/d, 2% higher than mid-point of recently increased full year guidance of 3,480 - 3,795 boe/d
· Out of nine wells drilled across SDX's portfolio in the year to date, six are now producing, one, MSD-27 has now completed drilling and another, MSD-20, is drilling ahead. These two wells should add a further gross 400 to 500 bbl/d to our West Gharib production in the next four to six weeks. The final well, MA-1X, is undergoing testing and analysis.
· EBITDAX of US$15.3 million and operating cash flow (before capex) of US$10.4 million
· Capex US$12.2 million compared to full year guidance of US$25.5 - 27.0 million .
· Net Cash position of US$12.8 million (unaudited) as at 30 June 2022
· Carbon intensity of 3.8kg CO2e/boe in H1 2022, one of the lowest rates in the industry
the [West Gharib] development drilling campaign is aimed at growing production to c.3,500 - 4,000 bbl/d by mid 2023
· During July 2022, a group of shareholders led by Aleph Commodities Limited ("Aleph"), acquired 25.65% of the issued share capital of the Company and in doing so purchased 18.72% of the Company previously owned by Waha Capital PSJC. Aleph confirmed that it is assisting the Company with a strategic review and expansion plans with a focus on increasing production, reserves and shareholder returns.
In Morocco, the SAK-1 exploration well was spud on 6 August 2022 and is targeting the Guebbas Formation reservoir at around 1,108m MD (1,095m TVDSS). The well will also fulfil the remaining commitment on the Lalla Mimouna Sud Concession. SAK-1 is the first of a fully-funded, two-well drilling campaign on the SDX Gharb Basin acreage which is expected to take place during Q3 2022 with three further wells being considered for Q4'2022.

Today 07:00 Indus Gas Limited (INDI)
Gas Sales Price Increase
https://www.investegate.co.uk/indus-gas ... 00023920W/
This gas price revision has resulted in the gas price being revised to US$6.1 per MMBTU on Gross Calorific Value basis from 1 April 2022 to 30 September 2022 resulting in a price increase (as compared to the floor price [of US$4.5146 but effective price has been $5-ish]) of about 35%. The Board is very pleased to have agreed this higher gas price with GAIL.[no SP change, but up 11% in the last week]

Today 07:00 Synergia Energy Ltd (SYN)
Cambay Operations Update
https://www.investegate.co.uk/synergia- ... 00023868W/
Testing of the C-77H well immediately after the re-frac operation demonstrated gas production rates up to 0.5 mmscfd from the 2 newly fracced zones. The gas was flared under a limited duration flaring permit. The gas and fluids are being produced through the 4.5" liner which is inhibiting the removal of the frac fluids. A workover rig is being mobilised in early September to re-install the 2 3/8" production tubing which is anticipated to accelerate the frac fluid flow back. Once the production tubing is re-installed and the frac fluid flowback completed, the well will be re-tested to determine the full potential of the two newly fracced zones...
Based on the belief that the Company has established a fraccing methodology suitable for a full-field development, the Company plans to initiate a formal farm out process for up to 50% of the c.1 TCF Cambay gas and condensate field.

Today 07:00 Pantheon Resources (PANR)
Operational Update, Alkaid #2 Well
https://www.investegate.co.uk/pantheon- ... 00033944W/
Drilling operations at the Alkaid #2 horizontal well bore have now concluded, reaching a total measured depth of 14,300 feet ('ft') which includes a lateral length of 5,300 ft. A 5 ½ inch liner has been run, set, cemented at the bottom and tested for integrity. Pantheon, like all companies in the oil and gas industry, is experiencing significant inflationary cost and supply chain pressures at present, and hence is extremely pleased that drilling of the lateral section was accomplished smoothly and without incident...
Analysis of the logging while drilling (LWD) and gas chromatograph readings indicate that the improved reservoir parameters encountered in the vertical pilot hole have continued or improved in the horizontal well bore. This data further confirms the accuracy of Pantheon's geological models and provides the Company with greater confidence to predict reservoir tops and bottoms. As previously announced, initial analysis indicates significant improvements in reservoir quality which has the potential to lead to upgrades of the current resource estimates for all targeted horizons...
Future operations at Alkaid #2 involve demobilizing the Nabors Rig 105 and moving in a smaller completion rig to undertake the extended completion operations of perforating and stimulating the horizontal section approximately every 165 ft and will necessitate +/- 30 separate perforation and stimulation stages. ...
I am delighted we reached 5,300 ft without incident, an important milestone for me because it exceeded my personal goal of one mile...
Globally, conditions for drilling oil and gas wells are challenging at present, with strong oil prices driving record demand for drilling and support services, resulting in higher costs and supply chain issues across the industry; so today's news is extra special for us.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00053986W/
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
https://www.investegate.co.uk/jadestone ... 00023928W/
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 18:01 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0118H0358/
They bought back 3,951,830 shares

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00013822W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:44 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 44043869W/
They bought back 10,928,652 shares at 429.288p = £46,915,400.58

Yesterday 16:36 Nostrum Oil & Gas (NOG)
Second Lock-Up Agreement
https://www.investegate.co.uk/nostrum-o ... 36223754W/
provides an update in relation to the Lock-Up Agreement dated 23 December 2021 (the "First Lock-Up Agreement") and its entry today into a replacement lock-up agreement (the "Second Lock-Up Agreement")....
The Company is pleased to announce that it has today entered into the Second Lock-Up Agreement with the Ad Hoc Group and ICU (the "Parties"). Under the Second Lock-Up Agreement, the Parties agree to, among other things, take all steps reasonably necessary and reasonably requested to support, facilitate and implement the Restructuring.
The entry into the Second Lock-Up Agreement demonstrates the continuing support of the Group's major stakeholders for the Group and the Restructuring....The parties to the Second Forbearance Agreement have today agreed to extend its term to the longstop date under the Second Lock-Up Agreement, being 16 December 2022, subject to certain termination events.

Yesterday 16:25 Predator O&G Hldgs (PRD)
Change of Financial Advisors
https://www.investegate.co.uk/predator- ... 25003736W/
Peterhouse Capital Limited have given notice of their immediate resignation as financial advisors to Predator Oil & Gas Holdings Plc. The Directors are pleased to announce the appointment of Novum Securities Limited as financial advisor to the Company .[day of placing, day before AGM]

Yesterday 13:00 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 00513602W/
On 16-Aug-2022, Spreadex LTD reduced from 7.636% to 6.862% and adjusted their shares vs other formats.

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Re: Hal's oily roundup

#523710

Postby Hallucigenia » August 19th, 2022, 12:01 pm

Wow, we really are scratching around for news today. Zenith can't quite believe that they are now making margins of 93% on Italian electricity, and Gran Tierra have signed up with the bank of Trafigura at SOFR+6%, probably less than they'd pay to an actual bank.
And that's about that - other than asking why the likes of Aminex and Tomco have bounced - just people buying at random in August liquidity?

Brent=$94.87(August)            WTI=$88.8(August,Brent-6.07)         Nymex gas=$9.05(August)   
NBP =463p(August,Nymex+45.81) TTF=€245.745(September,Nymex+63.43) JKM=$57.600(October,Nymex+48.55)

Today 11:43 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 43456432W/
On 17-Aug-2022, JPMorgan Asset Management (UK) Limited increased from 0% to 5.003480%.

Today 09:00 TomCo Energy PLC (TOM)
Price Monitoring Extension
https://www.investegate.co.uk/tomco-ene ... 00216079W/
https://uk.finance.yahoo.com/quote/TOM.L/chart
On the day it's jumped +19.2% with a spike to +23%. Over the last 2 weeks it's jumped +22.9% with a spike to +27%.

Today 07:12 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.- ... 12355925W/
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 18, 2022, in the amount of RON 120,000,000.00, due on September 26, 2022.

Today 07:00 Diversified Energy (DEC)
Director / PDMR Shareholdings
https://www.investegate.co.uk/diversifi ... 00085386W/
on 17 August 2022, Rusty Huston, Jr., Executive Director of the Company's Board of Directors and Chief Executive Officer exercised 3,800,000 vested stock options. To settle the award, the Company will transfer 931,579 ordinary shares of £0.01 ("Ordinary Shares") each (net of exercise costs and withholding tax) from its Employee Benefit Trust. Following the exercise of options, Mr. Hutson is now interested in 22,206,001 Ordinary Shares representing approximately 2.610% of the Company's issued share capital.

Today 07:00 Synergia Energy Ltd (SYN)
PDMR Dealing Notification
https://www.investegate.co.uk/synergia- ... 00085411W/
following its announcement on 13 June 2022, and the general meeting held on 13 July 2022, the options granted to three of the directors have now been issued.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00085917W/
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 ... 00085417W/
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 22:00 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces New Credit Facility
https://www.investegate.co.uk/gran-tier ... 0000H1776/
it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million. The facility replaces Gran Tierra's previous credit facility that had a borrowing base of US$150 million. The new facility is with Trafigura, a market leader in the global commodities industry, and has a final maturity date of August 15, 2024, which may be extended to February 18, 2025 if certain conditions are met.
An initial commitment of US$100 million with a potential option of up to an additional US$50 million;
The loan is secured by the economic rights over certain contracts together with Gran Tierra’s Colombian commercial establishment; and
Interest payable on the facility is based on a SOFR risk-free rate plus a margin of 6.00% per annum

Yesterday 18:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0304H0570/
They bought back 2,700,515 shares

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00035289W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:51 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 51295337W/
They bought back 10,710,116 shares at 438.924p = £47,009,277.46

Yesterday 16:35 Bowleven plc (BLVN)
Price Monitoring Extension
https://www.investegate.co.uk/bowleven- ... 35425226W/
https://uk.finance.yahoo.com/quote/BLVN.L/chart
On the day it's been in the usual range.

Yesterday 14:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00495130W/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's jumped +13.9% with a spike to +22%. Over the last 2 weeks it's up +13.9%.

Yesterday 12:04 Zenith Energy Ltd (ZEN)
New record profitability of Italian production
https://www.investegate.co.uk/zenith-en ... 04105040W/
During the month of July 2022, the Company produced a total of approximately 996.5 megawatt hours ("MWh").
Electricity prices during the month of July 2022 averaged approximately EUR 419 per MWh, resulting in net revenues of approximately EUR 417,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.
....representing the highest profitability Zenith has ever achieved in Italy. We are actively pursuing the development potential of our Italian portfolio, including the Torrente Cigno concession, so that we may increase our energy production even further in the current extremely favourable energy pricing environment."

Yesterday 11:32 Mosman Oil & Gas (MSMN)
Holding(s) in Company
https://www.investegate.co.uk/mosman-oi ... 32474980W/
On 16-Aug-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 13.37% to 12.771%.

Yesterday 11:14 Afentra PLC (AET)
DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 14504918W/
it was notified on 17 August 2022 that Ian Cloke [COO] and Elizabeth Bingham, a person closely associated with him, have together purchased a total of 143,277 ordinary shares of £0.10 each in the Company ("Ordinary Shares"), comprising 48,110 Ordinary Shares at a price of 26.885 pence per share, 49,610 Ordinary Shares at a price of 26.20 pence per share and 45,557 Ordinary Shares at a price of 28.593 pence per share.

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Re: Hal's oily roundup

#524291

Postby Hallucigenia » August 22nd, 2022, 10:49 am

You know it's August when the biggest news is a Ruvuma pre-emption not happening and Star Phoenix getting $300k out of a legal dispute. Zenith postponing their investor call by three weeks is kinda notable I guess.
Meanwhile the gas and electric markets are going crayzeeee....

Brent=$95.87(August)               WTI=$89.96(August,Brent-5.91)        Nymex gas=$9.56(August)   
NBP =556.46p(August,Nymex+56.11) TTF=€279.600(September,Nymex+72.43) JKM=$57.020(October,Nymex+47.46)

Today 10:03 Star Phoenix Group (STA)
Update on LandOcean Arbitration Proceedings
https://www.investegate.co.uk/star-phoe ... 03027695W/
is pleased to update that, further to the Company's announcement on 27 May 2022, the London Court of International Arbitration ("LCIA") issued a consent award on 12 August 2022 (of which the Company was notified on 19 August 2022) in relation to two of the four Stage 1 Claims. Under the consent award, LandOcean is required to make payment of US$301,265 to Star Phoenix by 16 September 2022, being 35 days from the date of the consent award.

Today 07:01 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 01067422W/
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 Jadestone Energy PLC (JSE)
Chief Financial Officer start date
https://www.investegate.co.uk/jadestone ... 00077423W/
is pleased to announce that Bert-Jaap Dijkstra was appointed Chief Financial Officer and director of the Company on 22 August 2022.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00076956W/
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 Touchstone Explrtn. (TXP)
EXERCISE OF SHARE OPTIONS
https://www.investegate.co.uk/touchston ... 00076938W/
on August 19, 2022, Non-executive Directors and employees exercised share options representing a total of 745,834 common shares

Today 07:00 Predator O&G Hldgs (PRD)
Notification of Investor Webinar
https://www.investegate.co.uk/predator- ... 00046699W/
Paul Griffiths, the Company's Executive Chairman, will be presenting at the Proactive One2One Forum on Thursday 8 September 2022 at 6pm (UK local time) and looks forward to meeting existing and prospective investors. The presentation will be held at The Chesterfield Mayfair, 35 Charles Street London W1J 5EB.

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00066774W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Friday 17:49 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 49156803W/
They bought back 10,656,827 shares at 446.631p = £47,596,659.95

Friday 17:35 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3543H0760/
They bought back 2,150,000 shares

Friday 16:55 Zenith Energy Ltd (ZEN)
Rescheduling of Investor Call to September 8, 2022
https://www.investegate.co.uk/zenith-en ... 55046712W/
The Investor Call will now be held on September 8 , 2022, at 10:00 AM BST/11:00 AM CEST via teleconference due to potential near-term progress, including publication of the Company's audited annual financial results for the year ended March 31, 2022.[had been due tomorrow]

Friday 16:53 Serica Energy PLC (SQZ)
BLOCK LISTING SIX MONTHLY RETURN
https://www.investegate.co.uk/serica-en ... 53066709W/

Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800P6AE3/
[CFO] SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN c) Price(s) and volume(s) Price(s) Volume(s) £1.54 2,763

Friday 14:17 PAO Novatek (NVTK)
Automatic Conversion of Depositary Receipts
https://www.investegate.co.uk/pao-novat ... 17216601W/
the Company has given a notice to the custodian maintaining the custodial account for the DR program (AO Raiffeisenbank) to start automatic conversion of depositary receipts. The automatic conversion procedure is only applicable to the receipts held with Russian custodians.
If the depositary receipts are held with foreign custodians and the holders of such receipts cannot convert them otherwise due to the existing restrictions, such holders may file an application for a forced conversion procedure. In this case, the GDR holder may file an application to AO Raiffeisenbank by October 12, 2022 together with documents evidencing such holder's ownership of the depository receipts and specifying the foreign nominee holder details as well as other relevant information. The depositary receipts will be converted into ordinary shares after October 12, 2022, provided that AO Raiffeisenbank has no reasonable doubts as to the completeness and/or accuracy of the information contained in the application.

Friday 12:00 Scirocco Energy PLC (SCIR)
Ruvuma Disposal Update
https://www.investegate.co.uk/scirocco- ... 00056435W/
the Company has now received written confirmation from the Tanzania Petroleum Development Corporation ("TPDC") that it is not exercising its statutory right of first refusal with respect to the Company's divestment of its 25% interest in the Ruvuma asset.

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Re: Hal's oily roundup

#524596

Postby Hallucigenia » August 23rd, 2022, 12:04 pm

Wood's interims are not great as expected - eps down 36% - but at least the Consulting sale should fix their balance sheet, the new CEO has a lot of work to do. Southern going well, Baron making progress with two potential farmouts in the next 6-9 months. Pantheon have some geochemistry to announce which all looks solid, 88E waffle about resources. Hydrogen Utopia ink a deal with Powerhouse in Poland but it won't happen quickly. Looks like Total have found a lot of gas at Cronos, halfway between Cyprus and Alexandria.
Nymex touched $10, NBP and JKM at $60, TTF at $80 - the scramble for gas is going crazy.

Brent=$98.05(August)            WTI=$92.13(September,Brent-5.92)     Nymex gas=$9.94(August)   
NBP =517p(August,Nymex+50.87) TTF=€272.290(September,Nymex+69.30) JKM=$57.820(October,Nymex+47.88)

Today 11:49 Afentra PLC (AET)
DIRECTOR / PDMR DEALINGS
https://www.investegate.co.uk/afentra-p ... 49059468W/
it was notified on 19 August 2022 that Ian Cloke has purchased a total of 64,177 ordinary shares of £0.10 each in the Company ("Ordinary Shares") at a price of 30.91 pence per Ordinary Share. As a result the total shareholding in the Company of Ian Cloke and persons closely associated with him comprises 2,128,009 Ordinary Shares, representing approximately 0.97% of the Company's issued share capital.

Today 08:06 TotalEnergies SE (TTE)
TotalEnergies SE: First Power at Scotland’s Largest Offshore Wind Farm
https://www.investegate.co.uk/totalener ... 0600Z2412/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner SSE Renewables, has announced first power generation from the Seagreen offshore wind farm, 27km off the coast of Angus in Scotland.
The first turbine, of a total of 114, was commissioned in the early hours of Monday morning. The aim is for the 1075 MW farm to be fully operational in the first half of 2023. The $4.3bn Seagreen project will be Scotland’s largest offshore wind farm and the world’s deepest fixed bottom wind farm as it is being developed in 59 meters of water depth.

Today 07:01 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 01018418W/
On 19/08/2022, Pendal Group Limited (Sydney , Australia) reduced from 9.24% to 4.928%.

Today 07:00 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 00038419W/
On 19-Aug-2022, ODEY ASSET MANAGEMENT LLP increased from 4.26% to 5.1%.

Today 07:00 Wood Group (John)PLC (WG.)
Half year results - six months ended 30 June 2022
https://www.investegate.co.uk/wood-grou ... 00038483W/
·Revenue (continuing operations) flat with growth in Operations (+18%) and Consulting (+2%) offset by the expected decline in Projects (-15%)
·Adjusted EBITDA (continuing operations) down 5%, with a robust performance in Consulting offset by a decline in Projects and Operations. Improved performance in Investment Services
·Margin (continuing operations) down 0.4ppts including the impact of the anticipated lower margin in Operations and a slightly lower margin in Consulting, both offsetting higher margins in Projects
·Exceptional items (continuing operations) pre interest and tax of $11 million (HY21: $15 million) including restructuring costs and an asbestos credit
·Adjusted diluted EPS of 5.7c down 36% reflects the lower EBITDA and higher finance expenses
·Free cash flow (including discontinued operations) of $(363) million includes a working capital outflow of $208 million and exceptional cash costs of $102 million, including the scheduled SFO settlement payment and costs associated with previously provided for loss-making contracts, principally Aegis

Sale of Built Environment Consulting to WSP Global expected to complete around the end of Q3
·Enterprise value of $1.81 billion , representing an EV multiple of 16x (incl. expected standalone costs)
·Net cash proceeds expected to be around $1.62 billion after working capital adjustments, tax and transaction costs
·Will transform balance sheet : the immediate use of proceeds will be to reduce the Group's net debt

Balance sheet
·Net debt (excluding leases) of $1,756 million at 30 June 2022 reflects the negative free cash flow in the period
·Net debt / adjusted EBITDA (excluding leases) at 4.2 times at 30 June 2022, below our covenant levels currently set at 4.5x for the June 2022 and December 2022 measurement dates (which revert back to 3.5x thereafter)
·Provisions: the trial for the legacy lawsuit with Enterprise, related to a chemical plant in Texas, started in April 2022 and has concluded, with a decision expected by year end
[was down 9%, now off 4%]

Operational momentum
·Order book (continuing operations) up 5% to $6.4 billion with strong growth in Consulting (+16%) and Projects (+24%) partially offset by a decline in Operations (-6%), where the prior year benefited from significant multi-year orders
·Continue to de-risk our contract portfolio with 80% of Group revenue (continuing operations) now from reimbursable work (HY21: 75%) and only c.3% from lump sum turnkey contracts (FY21: c.6%)
·Multiple key contracts awarded in the period across all three business units, including a 10-year strategic partnership with Chevron
·Contracts wins across energy transition and decarbonisation worth over $500 million so far in 2022

Outlook for 2022
· As stated previously, we expect higher revenue across our business this year and an improved performance in the second half, helped by an improvement in our Turbines joint ventures
·At 30 June 2022, revenue in our order book (continuing operations) for the second half of 2022 was $2.5 billion, an increase of 9% compared to the prior year equivalent figure of $2.3 billion.
·Our guidance for FY22, excluding Built Environment Consulting, is:
oRevenue between $5.2 billion and $5.5 billion
oAdjusted EBITDA between $370 million and $400 million

Today 07:00 Baron Oil PLC (BOIL)
Interim Results
https://www.investegate.co.uk/baron-oil ... 00028368W/
·Considerable technical advances made on Chuditch, offshore Timor-Leste. Our geoscience team are interpreting the improved subsurface image resulting from the TGS 3D reprocessing project and integrating it into a revised evaluation.
·Likewise, in UK Licence P2478, the 3D seismic reprocessing project and geochemical studies have been received and re-interpretation commenced on schedule in July. The revised evaluation of the prospectivity of the licence, including the Dunrobin prospect, is anticipated to be delivered during Q4 2022.
·Relinquishment of legacy Block XXI allows for an orderly withdrawal from Peru.
·A Placing and Subscription in April 2022 raised approximately £1.65m gross (net £1.5m), primarily to progress the Chuditch and P2478 projects towards their key milestones.
·At the end of the half year period, the free cash position stood at £2,365,000 (30 June 2021: £1,650,000).
Chuditch - We are engaging with multiple potential farm-in partners by hosting a continuously updated dataroom. Farm-in candidates include not only 'traditional' exploration and production industry players, but also companies seeking security of gas supply as well as infrastructure provider
The 3D seismic reprocessing and geochemical studies covering the Dunrobin and other prospects within Licence P2478 in the Inner Moray Firth have been delivered with a significant uplift in data quality believed to have been achieved. The interpretation of the revised data began on schedule in July 2022. An updated prospectivity evaluation is anticipated to be available during Q4 2022, which will provide sufficient time for the Joint Venture partners to consider options, potentially including engaging with prospective drilling and funding partners, ahead of the July 2023 'drill or drop' licence decision.

Today 07:00 Southern Energy Corp (SOUC)
SECOND QUARTER FINANCIAL AND OPERATING RESULTS
https://www.investegate.co.uk/southern- ... 00038486W/
· $3.6 million of adjusted funds flow from operations[1] in Q2 2022, an increase of 490% from the same period in 2021
· Net earnings of $2.8 million in Q2 2022 ($0.03 earnings per share - basic and diluted) compared to net earnings of $3.1 million in the same period of 2021 (which included a one-time gain of $4.5 million on debt retirement)
· Petroleum and natural gas sales of $10.3 million in Q2 2022, an increase of 176% from the same period in 2021
· Q2 2022 average production of 14,169 Mcfe/d[2] (2,362 boe/d) (95% natural gas), which included only a partial month of June from the three new Gwinville wells, an increase of 14% from the same period in 2021
· Completed and successfully brought online all three wells from the initial Gwinville appraisal program
· Exited Q2 2022 with Net Debt1 of $12.8 million, and Net Debt to annualized Adjusted Funds Flow from Operations1 of 0.9x
· Average realized oil and natural gas prices for Q2 2022 of $109.01/bbl and $7.53/Mcf, respectively, reflecting the benefit of strategic access to premium-priced US sales hubs

Today 07:00 Woodside Energy Grp. (WDS)
Segment reporting restatement and other items
https://www.investegate.co.uk/woodside- ... 00018557W/
Woodside's half-year 2022 results are scheduled for release on 30 August 2022....
The results will include the first financial statements and reserves and resources update issued for the company following completion of the merger with BHP's petroleum business (BHPP). Further context on changes to Woodside's reporting and other items in the half-year 2022 results is provided below.
In the first half of 2022, Woodside produced 4.39 million tonnes of liquefied natural gas (LNG) which is approximately 36.14 million barrels of oil equivalent.

Today 07:00 Pantheon Resources (PANR)
Theta West #1 Well - Independent Expert VAS Report
https://www.investegate.co.uk/pantheon- ... 00038428W/
is pleased to announce the receipt of a report by the independent experts at Baker Hughes AHS ('Advanced Hydrocarbon Stratigraphy') titled "Pantheon Great Bear Theta West 1 well: Characterization of a World Class Petroleum System Using AHS's Cuttings' Volatiles Stratigraphy", following the completion of its Volatile Analysis Service ("VAS") work.
1) A 1,360 feet ("ft") thick continuous column of oil-bearing cuttings. The actual length of the oil column is unquestionably greater than 1,360 ft, as the base of the analyzed cuttings' oil column is the total depth ("TD") of the well, and the oil in the cuttings shows no sign of tapering off.
2) High quality oil of 37-39 degrees API gravity.
3) Abundant good quality reservoirs.
4) An ultimate non-permeable oil seal that occurs at 7,070 ft. Oil bearing cuttings are not observed above 7,070 ft, and oil is analyzed in every cuttings sample, both Sealed-at-Well and Lab-Loaded, below 7,070 ft to TD.
5) A seal within the oil-rich zone occurs at 7,480 ft separating a shallower from a deeper compartment based of different oil compositions above and below 7,480 ft

Today 07:00 88 Energy Limited (88E)
Project Icewine East Prospective Resource Estimate
https://www.investegate.co.uk/88-energy ... 00038914W/
provides the following update in relation to the Prospective Resource estimate for Project Icewine East, as previously announced by 88 Energy on 10 August 2022...
Unrisked net 2U - 621mmbbls, average geological COS 59%
3. COS represents the geological chance of success as assessed by 88 Energy and reviewed and endorsed by LKA.
4. Prospects are subject to a phase risk (oil vs gas). Chance of oil has been assessed as 100% for all targets except for the Kuparuk Formation which has been assessed as 70%. Phase risk has not been applied to the unrisked numbers.
5. The Prospective Resources have not been adjusted for the chance of development.

Today 07:00 Hydrogen Utopia Intl (HUI)
Proposed JV with Powerhouse Energy in Poland
https://www.investegate.co.uk/hydrogen- ... 00038407W/
it has agreed heads of terms ("HoTs") with Powerhouse Energy Group PLC (AIM:PHE) for the joint development of a facility at a site at in Konin within the Wielkopolska (Greater Poland) Voivodeship....
Joint venturing this project with PHE will allow us to offer an alternative waste plastic to hydrogen system to that we are developing with Electron and Linde, although the invasion of Ukraine has inevitably meant that in timing terms this project will almost certainly follow our project in Ireland.

Today 07:00 Predator O&G Hldgs (PRD)
Admission of Placing Shares
https://www.investegate.co.uk/predator- ... 00038388W/
Further to the Company's announcement of 17 August 2022, the new Placing Shares, being 60,000,000 Ordinary Shares of no par value, were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") effective at 8.00 am today.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00038482W/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00038915W/
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 ... 00038414W/
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 18:20 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 20458367W/
They bought back 10,825,313 shares at 446.399p = £48,324,083.45

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00008302W/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:54 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5412H1102/
They bought back 3,563,994 shares

Yesterday 17:50 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 5000Z2007/
€247m

Yesterday 16:35 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 35358233W/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's jumped +12.1% with a spike to +16%. Over the last 2 weeks it's up +20%.

Yesterday 10:35 TotalEnergies SE (TTE)
Cyprus: TotalEnergies Announces Significant Offshore Gas Discovery in Block 6
https://www.investegate.co.uk/totalener ... 3500Z1202/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018.
Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters.

Hallucigenia
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Re: Hal's oily roundup

#524960

Postby Hallucigenia » August 24th, 2022, 4:02 pm

Terrific news for Rockhopper as they win the ex-MOG lawsuit in Italy, up 70% having been up 130% earlier. Ascent up in sympathy - Gas2Grid on the ASX is another one with an imminent lawsuit result in France. Coro sell a 0.6 mmcf/d (100boepd) asset in Italy for up to €7.5m, about 15x FCF. Gives a benchmark for how much Euro gas is worth these days. Arrow gave a pretty decent update with higher reserves and production, but the market didn't like it for some reason. Deltic look forward to Pensacola in October, looking for partners for new 25mmboe prospect Syros.

Brent=$99.9(August)             WTI=$93.42(September,Brent-6.48)     Nymex gas=$9.21(August)   
NBP =537p(August,Nymex+54.22) TTF=€288.995(September,Nymex+75.26) JKM=$56.330(October,Nymex+47.12)

Today 15:24 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 24191199X/
On 23/08/202 2, BlackRock, Inc. reduced from 5.00% to below 5%.

Today 14:36 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 3600Z4500/
Sale of shares issued from a share option programme by refining boss.

Today 14:24 IOG PLC (IOG)
Holding(s) in Company
https://www.investegate.co.uk/iog-plc-- ... 24491138X/
On 23 August 2022, London Oil & Gas Limited (In Administration) reduced from 26.99% to 25.83%.

Today 14:00 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 00441115X/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's been in the usual range.

Today 14:00 Ascent Resources PLC (AST)
Price Monitoring Extension
https://www.investegate.co.uk/ascent-re ... 00511116X/
https://uk.finance.yahoo.com/quote/AST.L/chart
On the day it's jumped +15.4% with a spike to +19%. Over the last 2 weeks it's jumped +48.3% with a spike to +53%.

Today 12:33 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 33261063X/
On 19-Aug-2022, JPMorgan Chase & Co. increased from n/a to 5.163%.

Today 12:02 Rockhopper Exp plc (RKH)
Successful arbitration outcome
https://www.investegate.co.uk/rockhoppe ... 02001023X/
is pleased to provide the following update on its ICSID arbitration with the Republic of Italy:
· Successful arbitration award
· Compensation of EUR 190mm
· Plus interest at EURIBOR + 4%, compounded annually from 29 January 2016 until time of payment
The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation. The award is final and binding on the parties. Italy has 120 days to apply for an annulment of the award, which can only be annulled in limited circumstances. Under a legal agreement with the Falkland Island Government Rockhopper is prevented from making any form of distribution....
After payments due to the arbitration funder, Rockhopper expects to retain approximately 80% of the award (assuming full recovery of the award). Further analysis is required to establish the tax treatment on any payments related to the award.
[was up 130%, now up 70%. Current market cap at 14.55p is €111m. After interest and funder cut, award is about €196m before tax]

Today 09:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00290571X/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's dropped -9.1% having touched -14%. Over the last 2 weeks it's been in the usual range.

Today 08:02 TotalEnergies SE (TTE)
Australia: TotalEnergies, INPEX and Woodside Join Forces to Develop a Major Offshore CO2 Sequestration Project
https://www.investegate.co.uk/totalener ... 0200Z3911/
The Bonaparte CCS Assessment joint venture between TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (26%), INPEX (53%, Operator) and Woodside (21%) has been awarded a Greenhouse Gas Storage Assessment Permit, off the northwest coast of Australia, to carry out evaluation and appraisal work on block G-7-AP, which is considered a promising area for geological storage of CO2. Appraisal work will begin in 2023.
By enabling permanent CO2 sequestration in the region, this project complements existing solutions to avoid and reduce greenhouse gas emissions from Ichthys LNG, a nearby natural gas liquefaction and export terminal that TotalEnergies (26%) is a founding partner.

Today 07:01 Coro Energy PLC (CORO)
Corporate Update
https://www.investegate.co.uk/coro-ener ... 01039884W/
Coro is pleased to announce that Leonardo Salvadori, previously Coro's Managing Director - Italy, has been appointed Managing Director - Oil & Gas, with overall and extended operational responsibility for the Company's hydrocarbon assets across both Asia and Italy, and Michael Carrington, previously Coro's Chief Operating Officer, has been appointed as Managing Director - Renewables. Michael Carrington will have overall operational responsibility for the Company's renewable energy interests.

Today 07:00 Coro Energy PLC (CORO)
Italian Portfolio Disposal: Option Award
https://www.investegate.co.uk/coro-ener ... 00059883W/
has entered into an Option Agreement (the "Option Agreement") with an existing operator in Italy to purchase the Company's Italian natural gas asset portfolio for up to EUR 7.5M.
Following structural increases in global gas prices, the Company relaunched its Italian gas asset portfolio (the "Italian Portfolio") earlier in the year. The Italian Portfolio has since delivered significant free cash flows for the Group.
The Company however remains primarily focused on South East Asia and the significant growth and investment opportunities the region provides. Following unsolicited approaches in respect of the Italian Portfolio, in expectation of near term and long awaited developments on the Duyung PSC and with a view to capturing the value inherent in the Italian Portfolio following recent gas price rises, the Company has awarded a five-month option, with potential for a two-month extension (the "Option"), to Zodiac Energy plc (the "Optionholder"), a privately owned Italian gas operator...
The Italian Portfolio produced approximately 0.6 mmcf/d in Q2 2022 net to the Company (approximately 100 boepd) and generated free cash flows to the Company in July 2022 of EUR 0.45 million.

Today 07:00 Arrow Exploration (AXL)
Operations Update and Mid-Year Reserves Results
https://www.investegate.co.uk/arrow-exp ... 00059912W/
an operations update and announce the results of the 2022 mid-year reserve evaluation by Boury Energy Consultants Ltd. ("BouryGEC") as at 30 June 2022....
o 2P reserves increase to 7.864 MMBls of oil.
o NPV-10 increased to US$ 150.4 million from US$ 84.1 million as at December 31, 2021, a 79% increase.
· Additional drilling targets have been identified as a result of the H1 2022 drilling campaign. A five well program will initiate in Q4 2022 with two wells in pursuit of further low risk exploitation on the RCE structure. As well, two wells are planned to develop the Carizales Norte structure A downdip well will also be drilled at RCE to test the stratigraphic nature of the oil accumulation. This well will also serve as a water disposal well.
Corporate production as of August 15, 2022, is approximately 1,450 boe/d. [was 1,144boepd in Q1]
[off 10%]

Today 07:00 Deltic Energy PLC (DELT)
Interim Results
https://www.investegate.co.uk/deltic-en ... 00059915W/
· Potentially transformational Pensacola exploration well with Shell due to commence drilling in October, targeting an estimated 309 BCF (P50 Prospective Resources) of natural gas.
· Recently committed to a second potentially company-making exploration well with the Selene prospect which contains an estimated 318 BCF (P50 Prospective Resources) of natural gas.
· In the current environment of high energy prices and with ongoing security of supply issues these two prospects will be enormously valuable if successful.
· The Deltic-Capricorn Joint Venture ("JV") is making significant progress across five Southern North Sea licences including taking delivery of new 3D seismic data across licence P2428.
· Deltic's technical team have successfully completed the initial phase of geological work on the Syros prospect in the Central North Sea, and a farm-out process has now commenced as a result.
· Confirmation of new licensing round to be launched in autumn. Preparatory work in anticipation of the UK's 33rd Offshore Licensing Round has commenced with Deltic looking to further strengthen and diversify its portfolio.
· Following significant investment across the portfolio, including preparatory works for the Pensacola well, the Company has maintained a strong balance sheet with cash of £7.6m as at 30 June 2022 (30 June 2021: £11.1m) and remains fully funded for the Pensacola well.
· Loss for the period of £1,031,280 (six months to 30 June 2021: £691,754).
The initial geotechnical evaluation of the Syros prospect, located on Licence P2542 in the Central North Sea close to existing infrastructure on the Montrose-Arbroath high, has been completed with the revised prospect estimated to contain P50 prospective resources of 24.5 mmboe. On the back of this re-evaluation, work is now commencing on attracting partners to take this opportunity through to drilling.

Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00069732W/
On 22/08/2022, GLG Partners LP reduced from 5.507837% to under 5%.

Today 07:00 Great Eastern Energy (GEEC)
Annual General Meeting
https://www.investegate.co.uk/great-eas ... 00069616W/
The Annual General Meeting ("AGM") of the shareholders of the Company will be held on 26 September 2022 through Video Conferencing.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00060406X/
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 ... 00059913W/
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 Wentworth Resources (WEN)
Notice of 2022 Interim Results
https://www.investegate.co.uk/wentworth ... 00069598W/
its Interim Results for the period ending 30 June 2022 will be published on Thursday 1st September 2022.CEO, Katherine Roe, will provide a live investor presentation relating to the Interim Results via the Investor Meet Company platform on 1st September at 13.00pm BST.

Today 07:00 Predator O&G Hldgs (PRD)
Notification of Major Holdings
https://www.investegate.co.uk/predator- ... 00069828W/
On 23 August 2022, Paul Stanard Griffiths [exec chairman] reduced from 14.61% to 8.508%.

Today 07:00 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 00069834W/
Disposal to settle an issue of shares, by executive chairman

Yesterday 18:19 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 19389856W/
They bought back 10,571,833 shares at 455.454p = £48,149,859.49

Yesterday 17:47 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4748H1347/
They bought back 921,432 shares

Yesterday 16:58 Nostrum Oil & Gas (NOG)
Results of the Scheme Meeting
https://www.investegate.co.uk/nostrum-o ... 58479747W/
There were 148 Scheme Creditors present and voting at the Scheme Meeting (by proxy). The Scheme was approved by the requisite majority of Scheme Creditors at the Scheme Meeting (being a majority in number, representing at least 75 per cent. in value of the Scheme Creditors present and voting). Accordingly, the Scheme was approved.
The Scheme Sanction Hearing is anticipated to take place on 26 August 2022. The hearing is likely to be held remotely (via Microsoft Teams or Zoom).

Yesterday 14:55 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5500P28B7/
ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES

Yesterday 14:36 Pantheon Resources (PANR)
Replacement Theta West #1 - Independent VAS Report
https://www.investegate.co.uk/pantheon- ... 36499630W/
The following amendment has been made to the 'Theta West #1 Well - Independent Expert VAS Report' announcement released on 23 August 2022 at 7:00 am under RNS No 8428W.
The well number in the CEO's quote has been updated from Alkaid #1 to Alkaid #2.

Yesterday 13:04 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 04279569W/
Gazprombank

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#525184

Postby Hallucigenia » August 25th, 2022, 12:57 pm

Sparkling interims as one might expect from Harbour and PetroTal, Hunting's were more a case of "not great but things are looking up" (great use of the 7:01 trading update to distract from meh results at 7:00, good work by the PRs there), IOG did not impress the market with news of more problems at Blythe and Elgood, Angus are still struggling a bit with Saltfleetby but are hoping they have turned the corner and will have sorted things within a week. Eco's rig is en route to South Africa but won't get there for another month. Falcon - more jam tomorrow, hoping to shoot some seismic and drill two wells this year. Zephyr add neighbouring acreage which will allow longer laterals to already-planned wells.

Brent=$101.70(August)            WTI=$95.17(September,Brent-6.53)        Nymex gas=$9.39(August)   
NBP =588p(August,Nymex+60.27) TTF=€313.360(September,Nymex+82.36) JKM=$66.255(October,Nymex+56.86)

Today 11:07 'Surgutneftegas' PJSC (SGGD)
Statement of a significant fact on income paid on the issuer’s securities
https://www.investegate.co.uk/--39-surg ... 0721EKOHA/
Amount of income paid on one issuer’s security:
- per ordinary share: RUB 0.80;
- per preference share: RUB 4.73.

Today 11:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00382425X/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +18.8% with a spike to +32%. Over the last 2 weeks it's been in the usual range.

Today 09:43 Angus Energy PLC (ANGS)
Commissioning Update at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 43172257X/
now introduced and processed well head gas throughout the combined extraction and condensate processing facility.
Well B2 has alone been delivering at an equivalent rate of 5 million standard cubic feet per day, surpassing the Company's internal expectations, although we expect deliverability to normalise with time. The Company will introduce the stream from the A4 well shortly.
The stream has been passed through the whole process plant including condensate stabilisation and storage tanks as well as gas analysis. Specification gas has been achieved in short tests to date as has an export pressure of approximately 60 barg sufficient for entry into the national transmission system, or "grid"
The Company will make nominations for gas sales when it is satisfied of stable flow, uninterrupted by electronic trips, for an extended period of time being not less than 8 hours continuous flow which we strongly believe will occur before the end of August thereby meeting the current deadline under the Company's revised hedge arrangements as notified on 29 July 2022.

Today 07:03 United Oil & Gas PLC (UOG)
Board Change
https://www.investegate.co.uk/united-oi ... 03221287X/
United Oil & Gas Plc announces that Tom Hickey has notified the Board of his intention to step down as independent Non-Executive Director (NED)...following his appointment as Finance Director of Kenmare Resources Plc announced today. Tom will step down from the Board on 23 September 2022 prior to taking up the Kenmare role.

Today 07:01 Hunting PLC (HTG)
Trading Update
https://www.investegate.co.uk/hunting-p ... 01051380X/
The Group is pleased to announce that strong progress continues to be made in building its forward sales order book, which provides further visibility on revenue and earnings for the balance of 2022 and into 2023.
The Board notes that Hunting's sales order book now exceeds c.$400 million which represents a near doubling since 31 December 2021,

Today 07:01 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 01051555X/
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 Harbour Energy PLC (HBR)
Half-year results for the six months to 30.06.2022
https://www.investegate.co.uk/harbour-e ... 00041556X/
§ Production of 211 kboepd, a 40 per cent increase on H1 2021
§ Unit operating costs of $14.2/boe, a 5 per cent decrease on H1 2021
§ Improved safety performance with Total Recordable Injury Rate of 0.7 (H1 2021: 1.6)
§ Tolmount project start-up, boosting UK domestic natural gas supplies by over 5 per cent
§ Investment decisions taken on two UK projects - Talbot development and Leverett appraisal
§ Material gas discovery at the Timpan prospect in the Andaman Sea (Indonesia)
§ EBITDAX of $2.0 billion
§ Profit after tax of $984 million including a pre-tax $360 million foreign exchange gain (relating to unrealised UK gas hedging losses) and income tax expense of $506 million
§ Earnings per share of $1.1
§ Total capex of $391 million, predominantly in the UK
§ Free cash flow of $1.4 billion after tax, pre-distributions
§ Net debt (excluding unamortised fees) and leverage reduced to $1.1 billion and 0.3x respectively
§ Successful RBL redetermination: liquidity of $2.2 billion, greater hedging flexibility going forward
§ Maiden dividend of $98 million paid in May; $100 million interim dividend declared
§ $200 million share buyback initiated in June and today increased to $300 million
§ Production guidance narrowed to 200-210 kboepd (195-210 kboepd previously)
§ Forecast unit opex expected towards the lower end of $15-16/boe guidance
§ Total capex reduced to $1.2 billion ($1.3 billion previously), primarily due to the delayed arrival of two drilling rigs in the UK
§ Forecast free cash flow1 for the full year 2022 increased to $1.8-2.0 billion (after c. $500 million of UK tax payments, before dividends and share buybacks); forecast to be net debt free in 2023 unchanged
Post period end in July the Energy Profits Levy (EPL) was enacted in the UK and applies an additional tax on profits earned from production of UK oil and gas from 26 May 2022. At an average Brent price of $100/bbl and UK natural gas price of 200p/therm for the full year 2022, we expect our 2022 UK EPL liability to be of the order of $300 million, with c. $170 million expected to be paid in December 2022 and the balance in January 2023.
On 26 May 2022, the UK Government announced the introduction of an Energy Profits Levy ('EPL') on the profits earned from the production of oil and gas in the UK with effect from that date. The EPL enabling legislation, the Energy (Oil and Gas) Profits Levy Act 2022, was substantively enacted on 11 July 2022. The EPL is charged at the rate of 25 per cent on taxable profits in addition to ring fence corporation tax of 30 per cent and the Supplementary Charge of 10 per cent.
As the legislation was not substantively enacted as at 30 June 2022, the tax charge in the half-year results does not include the impact of EPL for the period which will instead be reflected in the second half of 2022. If the EPL had been considered in the interim period, an additional current tax liability of an estimated $48 million would be expected to arise from business performance in the period 26 May 2022 to 30 June 2022. The EPL tax is a temporary measure and as enacted will cease to apply on 31 December 2025.
[up 12%]

Today 07:00 PetroTal Corp. (PTAL)
Q2 2022 Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00041984X/
· Achieved record quarterly production of 14,467 barrels of oil per day ("bopd") and quarterly sales of 14,616 bopd, up 25% and down 5%, respectively, from Q1 2022, representing the Company's seventh straight quarter of production growth, with unencumbered sales for the majority of the quarter;
· Completed well 11H on June 30, 2022, which produced over 300,000 barrels of oil over its first 30 full days on production, has paid out its capital investment, and averaged over 9,000 bopd from August 1 to 22, 2022;
· Achieved a new daily Company production record of 25,218 bopd on July 1, 2022 with production briefly reaching 26,000 bopd, representing the maximum capacity at the newly expanded Central Processing Facility ("CPF-2");
· Sold approximately 86% of sales through the Brazilian route with the remaining 14% sold to the Iquitos Refinery while the Northern Peruvian Oil Pipeline ("ONP") was offline, successfully redirecting 456,000 barrels from the ONP to the Brazilian market;
· Significantly reduced transportation costs through significantly reduced diluent blending requirements to Brazil, contributing to record low transportation costs of $3.4 million ($2.54/bbl);
· Generated record net operating income ("NOI") and EBITDA(a) of $98.6 million and $93.4 million, respectively, both up three and a half fold from Q2 2021 levels and almost double from Q1 2022;
· Generated record free cash flow(a) of $69.4 million before changes in non-cash working capital and debt service, accumulating over $100 million, for the six months ended June 30, 2022;
· Invested approximately $24.0 million in capital expenditures ("Capex"), lower than revised guidance by $5 million, due to drilling delays from the March 2022 social protests. Approximately two thirds of Capex spent was for drilling and completion related investments with the remainder divided amongst smaller production operation projects;
· On April 1, 2022, the Company paid $20 million of principal to bondholders through the 101% call option mechanism set out in the bond agreement. As of June 30, 2022 and August 25, 2022, the Company is in compliance with all covenants; with $80 million of bond principal remaining; and,
· Exited the quarter with $77 million of total cash, including $13.5 million of restricted cash, and approximately ($79) million in net debt/(surplus)(1), a record level for the Company allowing for a future return of capital program in Q4 2022 or Q1 2023, with an extremely solid balance sheet profile.
Forecast 19,500bopd in Q4 after another two wells.
PetroTal will host an investor webcast on August 25, 2022 at 9:00 am CT (3:00 pm BST), following release of the Q2 2022 results. The Company has also provided an updated corporate presentation inclusive of the Q2 2022 results, on its website. PetroTal's 2021 AGM will be held virtually on September 15, 2022.

Today 07:00 Hunting PLC (HTG)
Unaudited results for the six months to 30/06/22
https://www.investegate.co.uk/hunting-p ... 00031424X/
· Revenue $336.1m (H2 2021 - $277.2m; H1 2021 - $244.4m)
· Gross profit $75.8m (H2 2021 - $20.9m; H1 2021 - $44.0m)
· Profit from operations $1.7m (H2 2021 - $53.2m loss; H1 2021 - $26.5m loss)
· Diluted loss per share 2.4 cents (H2 2021 - 34.3 cents LPS; H1 2021 - 18.9 cents LPS)
· EBITDA $20.6m (H2 2021 - $6.7m; H1 2021 - $3.6m loss) **
· Adjusting items totalling $nil (H2 2021 - $41.1m; H1 2021 - $3.5m)
· Adjusted gross profit $75.8m (H2 2021 - $56.5m; H1 2021 - $44.1m)
· Adjusted profit from operations $1.7m (H2 2021 - $12.1m loss; H1 2021 - $23.0m loss)
· Adjusted diluted LPS per share 2.4 cents (H2 2021 - 11.0 cents LPS; H1 2021 - 16.1 cents LPS)
· Total cash and bank of $85.6m (31 December 2021 - $114.2m)***
· Net assets per share 517.4 cents (31 December 2021 - 528.4 cents)
· Interim dividend declared for H1 2022 of 4.5 cents per share (H1 2021 - 4.0 cents)
The Group's results demonstrate a strong improvement in revenue and earnings in the period, leading to Hunting returning to monthly pre-tax profitability during the second quarter. The second half of the year is expected to see further improvement in earnings, which is supported by our forward sales order book, which now exceeds the position seen in 2019, providing a positive outlook for the remainder of the year and into 2023.
[up 15%]

Today 07:00 IOG PLC (IOG)
Half-year Report
https://www.investegate.co.uk/iog-plc-- ... 00031466X/
With high salinity fluids currently being received onshore, we are temporarily producing the Blythe and Elgood wells independently to establish the source of these fluids and optimise the operating plans. In view of this, we have revised our 2H 2022 guidance to a more conservative 30-50 mmscf/d.
Our two other key priorities this year are delivering Southwark first gas and progressing our Phase 2 plans. We also aim to open up further synergistic gas hubs with the two exciting appraisal wells at Goddard and Kelham. We look forward to the rest of 2022 and beyond with a firm focus on maximising shareholder value."
· Blythe and Elgood successfully brought onstream in mid-March 2022
o Gross aggregate production of 34.0 mmscf/d from First Gas to 30 June 2022, at 59% uptime
· Generating cash flow and profit from production operations
o Total revenue of £30.2 million (30 June 2021: £nil), split 94% gas and 6% condensate
o Opex of 13.7 p/therm for the period (1H 2021: N/A)
o EBITDAX of £25.9 million for the period (1H 2021: £0.1 million)
o Post-tax profit of £11.4 million (30 June 2021: £0.2 million)
o Unrestricted cash balance at period end of £12.3 million (31 December 2021: £31.3 million)
[down 18%]

Today 07:00 Eco (Atlantic) O&G (ECO)
Unaudited Results for 3 months ended 30 June 2022
https://www.investegate.co.uk/eco--atla ... 00031430X/
· The Company had cash and cash equivalents of US$38,753,695, and no debt.
· The Company had total assets of US$79.8 million, total liabilities of US$5.9 million and total equity of US$73.9 million.
· Two successful equity fundraises raising combined gross proceeds of US$37.8 million to fund its ongoing workstreams, including the upcoming drilling of the Gazania-1 well on Block 2B, offshore South Africa, and further G&G work across the entire portfolio.
· Completion of acquisition of 100% of Azinam Group Limited ("Azinam"), including Azinam's entire offshore asset portfolio in Orange Basin South Africa and Namibia, in return for a 16.5% equity stake in the enlarged Group.
· Acquisition, subject to completion, of an additional 6.25% Participating Interest in Block 3B/4B, Orange Basin offshore South Africa, for a consideration of US$10 million.
· The rig is currently offshore Spain heading to Las Palmas for refuelling and expected to arrive at the drilling location by the end of September 2022, subject to weather conditions. The Gazania-1 prospect is targeting a 300 million barrels light oil resource.
Gil Holzman and Colin Kinley will provide a live presentation relating to Q1 Results and upcoming South Africa Exploration Activities via the Investor Meet Company platform on 20 September 2022 at 3:00pm BST.
Eco would like to invite current and potential shareholders to an early evening face-to-face presentation by management, followed by a Q&A session, on Monday, 19 September 2022. Drinks and refreshments will be served afterwards. The event will take place at The Brewery, 52 Chiswell Street, London EC1Y 4SD, at 5.30pm for a 6:00pm start.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
FALCON OIL & GAS LTD - Filing of Interim Financial Statements
https://www.investegate.co.uk/falcon-oi ... 0000H1575/
Filing of Interim Financial Statements 25 August 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its Interim Financial Statements for the three and six months ended 30 June 2022 and 2021 and the accompanying Management’s Discussion and Analysis (“MD&A”).
Strong financial position, debt free with cash of US$17.4 million at 30 June 2022 (31 December 2021: US$8.9 million).
Full set of docs at https://www.sedar.com/DisplayCompanyDoc ... o=00006234
Current plans for this year - 58km of 2D seismic over Amungee and then two wells.

Today 07:00 Zephyr Energy PLC (ZPHR)
Acquisition of additional Paradox acreage & update
https://www.investegate.co.uk/zephyr-en ... 00031474X/
Zephyr has increased its land position adjacent to its operated White Sands Unit (the "WSU") through the targeted acquisition of 1,920 leased acres deemed by the Company to have immediate development potential.
o The acquired acreage is largely covered by Zephyr's existing 3D seismic, and directly borders the Zephyr lease on which the planned State 36-2 LNW-CC and 36-3 LN-C9 well pad is located.
By adding the new acreage, the lateral for the proposed State 36-2 LNW-CC can be fully completed across a 10,000-foot lateral length, subject to final regulatory approval. This is expected to further enhance the well's forecast economics and estimated ultimate recovery.
Zephyr's technical team estimates that the acquisition adds over 4 million barrels of oil equivalent of additional 2C net Contingent Resources to Zephyr's Paradox Basin position

Today 07:00 Canadian O'Seas Petr (COPL)
Conversion of Bonds
https://www.investegate.co.uk/canadian- ... 00011219X/
issued 1,999,000 common shares (the "Shares") pursuant to a conversion of $200,000 principal of each of the 2024 and 2025 Bonds.

Today 07:00 Canadian O'Seas Petr (COPL)
President and CEO Stock Purchase
https://www.investegate.co.uk/canadian- ... 00031476X/
Arthur Millholland, President and CEO has advised the Company of the purchase of 1,000,000 shares of the Company through the facilities of the Canadian Stock Exchange ("CSE"), consisting of 100,000 shares purchased on August 23rd at $0.19/share and 900,000 shares purchased on August 24th at $0.185/share.

Today 07:00 Enwell Energy PLC (ENW)
Board Changes
https://www.investegate.co.uk/enwell-en ... 00041369X/
With immediate effect, Mr Dmitry Sazonenko has stepped down as a Non-Executive Director of the Company, and Dr Gehrig Schultz has joined the Board as a Non-Executive Director of the Company.
Dr Schultz is a geophysicist with extensive experience in the global oil and gas industry. He commenced his career in South America, with management roles with Western Geophysical Inc. and Grant Geophysical Inc., before joining PGS Onshore Inc. to assist with the development of its geophysical business worldwide. He was then Chairman and Chief Executive Officer of Prospectiuni S.A. and Chairman of Tender Oil & Gas Limited, before founding Surus Geophysical B.V. to provide geophysical consulting services. He joined EPI Limited in 2018 as Chief Operating Officer of Geoscience, and currently leads the geoscience division.

Yesterday 18:25 Serica Energy PLC (SQZ)
BLOCK LISTING SIX MONTHLY RETURN
https://www.investegate.co.uk/serica-en ... 25191404X/
Share Option Plan 2005

Today 07:00 Jadestone Energy PLC (JSE)
Block Listing Six Monthly Return
https://www.investegate.co.uk/jadestone ... 00041427X/
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 Jadestone Energy Stock Option Plan, Jadestone Energy Stock Option Plan 2021 and Jadestone Energy Share Option Plan 2022.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00041483X/
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 18:16 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 16321390X/
They bought back 10,542,996 shares at 456.895p = £48,170,426.64

Yesterday 17:44 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4404H1574/
They bought back 2,321,667 shares

Yesterday 17:16 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 16571329X/
Purchase of ADSs by non-exec

Yesterday 15:51 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 51381226X/
On 23-Aug-2022, Premier Miton Group plc reduced from 12.555% to 11.929%.

Hallucigenia
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Re: Hal's oily roundup

#525445

Postby Hallucigenia » August 26th, 2022, 12:59 pm

The Lamprell bid goes unconditional, i3 make lots of money, Union Jack put out a "please look at us we're making lots of money", Echo upgrade some power supplies, Gulf Keystone get paid and Hellenic are doing well, highlighting hydrocracking and FCC margins of $18.2/bbl and $21.4/bbl respectively.

Brent=$100.95(August)              WTI=$93.75(September,Brent-7.20)     Nymex gas=$9.49(August)   
NBP =587.27p(August,Nymex+59.99) TTF=€315.700(September,Nymex+83.13) JKM=$69.955(October,Nymex+60.46)

Today 11:00 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 00163966X/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's up +9.5%. Over the last 2 weeks it's been in the usual range.

Today 10:59 Touchstone Explrtn. (TXP)
DIRECTOR / PDMR SHAREHOLDING
https://www.investegate.co.uk/touchston ... 59253962X/
Mr. John Wright, Non-executive Director and Chair of the Board of Directors of the Company, sold 258,400 common shares of the Company ("Common Shares"). The proceeds from the sale of Common Shares were to partially satisfy the costs and withholding taxes associated with Mr. Wright's share option exercise announced on August 22, 2022. Mr. Wright sold an aggregate 258,400 Common Shares at a price of C$1.55 per Common Share on the Toronto Stock Exchange on August 23, August 24, and August 25, 2022.

Today 09:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00203701X/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +11.9% with a spike to +19%. Over the last 2 weeks it's jumped +37.7% with a spike to +46%.

Today 07:00 Thunderball Invest. ()
Offer Unconditional
https://www.investegate.co.uk/thunderba ... 00052975X/
Thunderball is pleased to announce that it has received sufficient acceptances to satisfy the Acceptance Condition...Thunderball is pleased to declare that the Offer is now unconditional. In accordance with the terms of the Offer, withdrawal rights have now ceased to be exercisable.

Today 07:00 i3 Energy PLC (I3E)
Q2 2022 Operational and Financial Update
https://www.investegate.co.uk/i3-energy ... 00052981X/
· Strong Q2 2022 average production of approximately 19,502 barrels of oil equivalent per day ("boepd"), representing a 116% increase over Q1 2021 and an 8% increase over Q1 2022, despite delays to drilling caused by expected seasonal wet weather conditions and maintenance shutdowns at third party facilities
· Average field sales estimates exited July above 20,000 boepd with current field estimates of approximately 20,500 boepd.
· Increased minimum annual dividend to be paid in 2022 by 25% to £14.784 million (current monthly distribution of 0.1425 pence/share) on strong operational and financial performance and paid out £5.153 million in H1 2022
· Full year 2022 Enlarged Capital Budget as outlined on 9 May 2022 remains unchanged at USD 97 million, and i3 remains on track to deliver peak 2022 production above 24,000 boepd
Production in Q2 2022 averaged 19,502 boepd, comprised of field estimate sales equalling 60.8 million standard cubic feet of gas per day ("mmcf/d"), 5,099 barrels per day ("bbl/d") of natural gas liquids, 3,886 bbl/d of oil & condensate and 385 boepd of gross overriding royalty interest production. The strong quarterly production represents a 116% increase over Q2 2021 and an 8% increase over Q1 2022

Today 07:00 Union Jack Oil PLC (UJO)
US$9m Net Revenues Landmark Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00032776X/
material landmark net revenues of US$9,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.
Union Jack holds a 40% economic interest in this development.
· At 25 August 2022, cash balances and short term receivables stood at over £9,460,000
"We look forward to reporting a positive set of Half Yearly Results for the period ending 30 June 2022, recording a maiden profit, in mid-September 2022."

Today 07:00 Echo Energy PLC (ECHO)
Progress Update
https://www.investegate.co.uk/echo-ener ... 00052963X/
is pleased to provide a further update regarding progress in the execution of the Santa Cruz Sur assets' Production and Infrastructure Enhancement Plan originally announced on 7 July 2022 (the "Plan").... The Company is pleased to announce that following mobilisation, all three additional power generation units have now been successfully installed on schedule in the respective fields....The successful installation of the additional power generation capacity and the planned upgrades to the workover rig represent critical steps in the delivery of the Plan. The Company looks forward to continuing to update shareholders on progress on the Plan throughout this year.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00053474X/
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 Prospex Energy PLC (PXEN)
Conversion of Warrants and Total Voting Rights
https://www.investegate.co.uk/prospex-e ... 00052960X/
it has received notice for the exercise of warrants to subscribe for 3,473,350 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to individuals pursuant to warrant agreements dated 23 February 2022 and 8 March 2021 which related to a placing announced by the Company in March 2021. The exercise prices are 3 pence per New Ordinary Share for 2,833,350 warrants and 2.25 pence per New Ordinary Share for 640,000 warrants. The Exercise of these warrants will generate proceeds of £99,400.50 for the Company.

Yesterday 17:36 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 36572891X/
They bought back 10,443,640 shares at 461.421p = £48,189,177.95

Yesterday 17:35 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 3532H1846/
They bought back 2,100,000 shares

Yesterday 16:59 Nostrum Oil & Gas (NOG)
Notice of Scheme Sanction Hearing
https://www.investegate.co.uk/nostrum-o ... 59492835X/
further to the announcement issued by the Company on 23 August 2022 regarding the results of the Scheme Meeting, notice is hereby given that the Scheme Sanction Hearing is scheduled take place before Mr Justice Mellor remotely, via Microsoft Teams, at 10:30 am BST on 26 August 2022 at the Business and Property Courts in the High Court of Justice of England and Wales.

Yesterday 16:54 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 54442821X/
On 23-Aug-2022, JPMorgan Asset Management Holdings Inc. increased from 5.003480% to 5.139633%.

Yesterday 16:35 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 35502796X/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's soared +28% with a spike to +40%. Over the last 2 weeks it's up +20.8%.

Yesterday 15:49 Hellenic Petroleum (HLPD)
2022 Half-Yearly Report
https://www.investegate.co.uk/hellenic- ... 49052765X/
its 2Q22 consolidated financial results, with Adjusted EBITDA at €535m compared with €79m in 2Q21 and Adjusted Net Income at €367m...Refining production amounted to 3.2m MT in 2Q22 (-13% vs 2Q21), as the scheduled full turnaround at the Elefsina refinery and the maintenance at the Aspropyrgos FCC unit were safely and successfully completed. As a result of reduced output due to maintenance, sales volumes amounted to 3.4m MT (-16%), with materially increased contribution from aviation and bunkering due to strong tourism....
Benchmark refining margins increased significantly in 2Q22, reaching record high levels, mainly due to the strong demand, especially in diesel and gasoline. Specifically, Hydrocracking and FCC benchmark margins averaged $18.2/bbl and $21.4/bbl respectively in 2Q22.

Yesterday 15:20 PAO Novatek (NVTK)
NOVATEK's Board Recommends 1H 2022 Dividend
https://www.investegate.co.uk/pao-novat ... 20032719X/
The Board recommends the EGM to approve the proposed interim dividend payment for the First Half 2022 in the amount of RR 136,633,770,000, which corresponds to the payment of RR 45.00 per one ordinary share.

Yesterday 14:40 Gulf Keystone Petroleum Ltd (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 4044EGAVS/
a gross payment of $56.1 million ($43.9 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $58.2 million ($45.5 million net to GKP) for Shaikan crude oil sales during May 2022 and a gross adjustment of $2.1 million ($1.6 million net to GKP) related to a backdated pipeline tariff increase for 2021.

Yesterday 13:00 Providence Resources (PVR)
Directorate Change
https://www.investegate.co.uk/providenc ... 00052254X/
has been advised by James Menton of his intention to stand down as both a director and Chair of Providence Resources P.l.c. within the next 90 days. Mr Menton has informed the Board that his decision is for personal reasons and also has regard for his other ongoing professional commitments, which predated his appointment as a PVR director in May 2021.
[ex-KPMG partner who also chairs a property firm and a Catholic hospital company that's getting a lot of stick over a deal with the Irish National Maternity Hospital - worries about abortion etc]

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Re: Hal's oily roundup

#525763

Postby Hallucigenia » August 27th, 2022, 11:55 pm

Get Friday out of the way - the Nostrum debt-for-equity swap is rubber-stamped, Lamprell officially requests delisting, Angus continues to do well and Total finally get approval to sell their 49% stake in a wet gas field in Russia.

Brent=$100.99(August)              WTI=$92.97(September,Brent-8.02)     Nymex gas=$9.32(August)   
NBP =640.36p(August,Nymex+65.80) TTF=€339.196(September,Nymex+89.84) JKM=$68.800(October,Nymex+59.48)

Yesterday 17:55 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 55024441X/
They bought back 10,491,082 shares at 460.964p = £48,360,090.97

Yesterday 17:48 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4859H2090/
They bought back 2,900,000 shares

Yesterday 17:30 FTSE Russell ()
Lamprell
https://www.investegate.co.uk/ftse-russ ... 30004223X/
Following the receipt of updated shareholder information for Lamprell (UK, constituent) as a result of the cash tender offer by Thunderball Investments Limited (non constituent), please see details of affected indexes and effective dates below: [1 September]

Yesterday 17:28 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 28304412X/
On 25-Aug-2022, ODEY ASSET MANAGEMENT LLP increased from 5.1% to 6.02%.

Yesterday 17:14 Nostrum Oil & Gas (NOG)
Results of Scheme Sanction Hearing
https://www.investegate.co.uk/nostrum-o ... 14194386X/
further to the announcement issued by the Company on 25 August 2022 regarding the Scheme Sanction Hearing on 26 August 2022, the Court has today made an order sanctioning the Scheme (the "Scheme Sanction Order").

Yesterday 16:36 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 36094336X/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's soared +28.1% with a spike to +28%. Over the last 2 weeks it's jumped +57.7% with a spike to +58%.

Yesterday 16:15 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 15414314X/
On 25-Aug-2022, David and Monique Newlands reduced from 3.1% to 2.976%.

Yesterday 16:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00014226X/
On 24-Aug-2022, Bank of America Corporation increased from 3.118% to 8.586%.

Yesterday 14:56 TotalEnergies SE (TTE)
Russia: TotalEnergies Continues to Implement Its Principles of Conduct and Sells Its 49% Interest in the Russian Termokarstovoye Gas Field to Novatek
https://www.investegate.co.uk/totalener ... 5600Z6516/
On August 25, 2022, Russian authorities issued their agreement to the proposed sale. As a result, on August 26, 2022, TotalEnergies and Novatek signed the final sale and purchase agreement of TotalEnergies’ 49% interest in Terneftegaz. Closing is expected in September 2022, subject to customary conditions.[65kboepd gross]

Yesterday 14:26 PAO Novatek (NVTK)
NOVATEK Increases its Stake in Terneftegas to 100%
https://www.investegate.co.uk/pao-novat ... 26434237X/
announces the acquisition of a 49% stake in Terneftegas, engaged in developing the Termokarstovoye field, from the TotalEnergies group. As a result, NOVATEK will own a 100% stake in Terneftegas.

Yesterday 12:57 Lamprell plc (LAM)
Publication of circular, EGM notice, Board update
https://www.investegate.co.uk/lamprell- ... 57004164X/
Lamprell notes the announcement by Thunderball Investments Limited ("Bidco") on 26 August 2022 that it had received sufficient acceptances of its offer for the entire issued and to be issued share capital of Lamprell not already owned by it or persons acting in concert with it (the "Offer") to satisfy the Offer acceptance condition, that all other conditions to the Offer have either been satisfied or waived, to the extent capable of waiver and the Offer was, therefore, unconditional.
Lamprell is therefore pleased to announce the publication of the shareholder circular (the "Circular") in relation to the proposed cancellation of Lamprell's listing on Official List and the Main Market of the London Stock Exchange (the "Delisting"), the re-registration of the Company as a private company limited by shares, the change of name to Lamprell Limited and the adoption of new articles of association.
Jean Marc Lechene and Motassim Al Maashouq have stepped down as non-executive directors, with effect from the date the Offer was declared unconditional...it has been agreed that John Malcolm, Debra Valentine and Mel Fitzgerald will remain as directors of the Company until the earlier of (i) the date of Delisting or (ii) if Resolution 1 (as defined in the Circular) is not approved by Lamprell shareholders at the extraordinary general meeting, the conclusion of the extraordinary general meeting.

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Re: Hal's oily roundup

#526357

Postby Hallucigenia » August 30th, 2022, 10:59 am

Couple of heavyweight interims, Woodside and Sinopec are both making a ton of cash. Zenith quietly increases profits 18-fold, Arrow are bullish but have some short-term capacity issues in Alberta. Whereas Petroneft have gone to war with ONGC who they reckon have been screwing them on their only export route, so have shut down Licence 61 - I guess the current environment is not a bad one in which to withhold production as a negotiating tactic, despite the short-term pain. DG have a warm fuzzy "all going well" RNS, Total announce the first deal to move CO2 across borders, from a Dutch fertiliser plant to an old Norwegian field, not that Dutch fertiliser companies are likely to be around for much longer...

Brent=$104.24(August)           WTI=$96.79(September,Brent-7.45)      Nymex gas=$9.18(September)   
NBP =465p(August,Nymex+45.43) TTF=€259.405(September,Nymex+67.13) JKM=$68.665(October,Nymex+59.49)

Today 09:00 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 00014642X/
On 25-Aug-2022, Cobas Asset Management, SGIIC, S.A. (Madrid Spain) reduced from 4.06355% to 3.937%.

Today 08:56 Touchstone Explrtn. (TXP)
GRANT OF SHARE OPTIONS
https://www.investegate.co.uk/touchston ... 56395672X/
announces the grant of share options on August 26, 2022 to Non-executive Directors Jenny Alfandary and Dr. Priya Marajh in accordance with the Company's shareholder approved stock option plan. Ms. Alfandary was awarded 120,000 share options and Dr. Marajh was awarded 115,000 share options in connection with their appointment to Touchstone's Board of Directors on July 11, 2022. The share options have a five-year term and vest one third on each of the next three anniversaries of the grant date.
Following this grant, the Company has a total of 11,939,100 share options outstanding, representing approximately 5.6 percent of the Company's outstanding common shares.

Today 08:46 Woodside Energy Grp. (WDS)
Revised Dividend Reinvestment Plan Rules
https://www.investegate.co.uk/woodside- ... 46585590X/
A copy of the revised DRP Rules is attached for release to the market.
http://www.rns-pdf.londonstockexchange. ... 2-8-30.pdf

Today 07:57 Woodside Energy Grp. (WDS)
Half-Year 2022 Results Briefing Presentation
https://www.investegate.co.uk/woodside- ... 57235574X/
Half-Year Results Briefing 2022 Investor Presentation... can also be accessed at https://www.woodside.com.au/media-centre/announcements

Today 07:36 Woodside Energy Grp. (WDS)
Half-Year 2022 Report
https://www.investegate.co.uk/woodside- ... 36265569X/
· Net profit after tax of US$1,640 million
· Underlying net profit after tax of US$1,819 million
· Positive free cash flow of US$2,568 million
· Total tax, royalties and excise expense of US$1,476 million, equating to a statutory effective income tax rate of approximately 33% and an all-in effective tax rate of approximately 47%
· Liquidity of US$7,915 million
· Declared an interim dividend of 109 US cents per share

Today 07:04 Longboat Energy PLC (LBE)
Spud of Copernicus Exploration Well
https://www.investegate.co.uk/longboat- ... 04475565X/
is pleased to announce the commencement of drilling operations on the Copernicus exploration well (Company 10%) in Norway....expected to take up to eight weeks to drill.

Today 07:00 China Pet &Chem Corp (SNP)
Half-year Report
https://www.investegate.co.uk/china-pet ... 00044518X/
In the first half of 2022, the Company seized the favourable opportunity of high oil price, intensified efforts in exploration and development, consolidated the foundation of resources, improved operational performance, and realised growth in production and profit. In terms of exploration, we enhanced basic research, strengthened risk exploration and trap pre-exploration in new regions and areas, and achieved a number of oil and gas discoveries, including breakthroughs in Shunbei oil and gas in Tarim Basin, shale oilfield exploration in Bohai Bay Basin and Subei Basin, deep exploration of natural gas in Sichuan Basin and continental facies shale gas exploration in Puguang. In terms of development, we accelerated the capacity building of major oilfields, such as Shunbei, Tahe and offshore blocks, and strengthened efficiency adjustment and fine-tuned development of mature oil fields. We also actively promoted the capacity building of key natural gas blocks in Sichuan and Erdos Basin, and enhanced optimisation and profitability improvement of whole natural gas business chain. In the first half of the year, the Company's production of oil and gas reached 242 million barrels of oil equivalent, up by 2.9% year-on-year, with domestic crude oil production reaching 124.6 million barrels, up by 0.8% and natural gas production totalled 613.92 billion cubic feet, up by 5.4% year-on-year.
Refining down 4.2% but skewed towards diesel

Today 07:00 Zenith Energy Ltd (ZEN)
Publication of 2022 FY Annual Audited Report
https://www.investegate.co.uk/zenith-en ... 00144734X/
The Annual Report can be viewed here: http://www.rns-pdf.londonstockexchange. ... 2-8-29.pdf
· Generated revenues from the production of oil, gas, and electricity of CAD$8,239,000 (2021 - CAD$596,000).
· Produced and sold 131,556 Mcf of natural gas from its Italian assets (as compared to 12,713 Mcf for the corresponding period for the financial year ended March 31, 2021).
· Recorded an after-tax profit of CAD$64,437,000 (compared to an after-tax profit of CAD$3,525,000 for the financial year ended March 31, 2021).

Today 07:00 PJSC Tatneft (ATAD)
Tatneft publishes IFRS results for 1H2022
https://www.investegate.co.uk/pjsc-tatn ... 00054610X/
PJSC Tatneft n.a. V.D. Shashin published its IFRS consolidated financial statements for the 6 months of 2022. The financial statements are available on Tatneft's official web-site via the link https://www.tatneft.ru/en/aktsioneram-i ... -reporting

Today 07:00 Arrow Exploration (AXL)
ARROW ANNOUNCES SECOND QUARTER RESULTS
https://www.investegate.co.uk/arrow-exp ... 00154766X/
The first six months of 2022 saw the Company deploy the capital it raised at the time of its Admission to AIM on a successful two well drilling campaign at Rio Cravo on the Tapir Block. The better than forecasted results from this drilling campaign and the subsequent generation of positive cashflows in Q3 means Arrow is pleased to be committing to a further drilling program. Commencing in Q4 2022, the Company expects to drill up to three further wells at Rio Cravo and plans a two well program on the Carrizales Norte Structure on the Tapir Block. A letter of intent has been signed with a drilling contractor to execute the planned five well program on the Tapir Block. Along with workovers to other existing wells, the Company will seek to tie in the East Pepper well in Q4 2022, confirming Arrow remains on target to increase production to 3,000 boe/d within 18 months of AIM Admission. The Company anticipates being able to support the planned 2023 CAPEX program with current cash and cashflow from operations....
The Company's second quarter 2022 average corporate production decreased by 29% to 899 boe/d, compared to the first quarter 2022 average production of 1,144 boe/d. This decrease was largely attributable to the West Pepper well in Alberta, Canada, which was brought on production in December 2021 and has been recently affected by a third party's temporary processing facility constraints. Arrow's production on a quarterly basis is summarized below....
For the three months ended June 30, 2022, the Company's average production mix consisted of crude oil and natural gas production in Colombia of 575 bbl/d (2021: 264 bbl/d) and 2,398 Mcf/d (2021: 373 Mcf/d) , along with minor amounts of natural gas liquids from Arrow's Canadian properties....
Arrow realized better operating netbacks quarter-over-quarter, increasing to $49.18/boe in the second quarter of 2022 from $20.16/boe in the first quarter of 2022.

Today 07:00 Petroneft Resources (PTR)
Operations Update
https://www.investegate.co.uk/petroneft ... 00054540X/
announces the Temporary Suspension of Oil Acceptance and Transfer from Licence 61 by Nord Imperial LLC (wholly owned subsidiary of ONGC)... Since inception of the contract these terms have seen transportation costs increase by 4.8 times and about two and a half times faster than the increase in the Transneft national tariff rate over the same period. The Company has been in discussions with Nord Imperial for many years trying to secure more market standard rates as, without such, further investment in Licence 61 is hard to justify. To date, all discussions have not resulted in any meaningful offer or agreement. According to our estimate, the total amount paid to Nord Imperial up to date is one and a half times more than the cost of building the pipeline initially meant for their own use....
As the Company currently have no other export route from Licence 61, Petroneft is progressively shutting down its wells until the situation can be resolved.

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies: Norway: Northern Lights Project Signs World's First Commercial Agreement on Cross-Border CO2 Transport and Storage
https://www.investegate.co.uk/totalener ... 0000Z7002/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signature of a commercial agreement between Northern Lights and Yara to transport and store CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands.
From early 2025, 800,000 tons of CO2 per year will be captured, compressed, and liquefied in the Netherlands and then transported to the Northern Lights site to be permanently stored in geological layers some 2,600 meters under the seabed off the coast of Øygarden, in Norway.
This agreement, the first of its kind worldwide, is a major milestone in the decarbonization of heavy industry in Europe, paving the way for international CO2 transport and storage as a service.
[somebody didn't notice the bank holiday in UK....]

Today 07:00 DG Innovate PLC (DGI)
Commercial Update
https://www.investegate.co.uk/dg-innova ... 00144714X/
Testing of the Company's 250kW Pareta © high-performance electric vehicle drive is now underway. Initial performance results are encouraging, and in line with concept expectations. Cycle testing is expected to continue for a further two months, with results to be reported in due course....
The initial formulation and testing of a hard carbon anode material from a sustainable bio waste product has advanced to the point of benchmark testing, with good initial results. Plans are now being formulated to supply small batch samples of material to key battery partners who consider this to be a potentially disruptive alternative in the aspiration to reduce dependency on hydrocarbon-derived anodes for both sodium and lithium-ion technologies.

Today 07:00 Hydrogen Utopia Intl (HUI)
AGM and Share Issuance Authorities
https://www.investegate.co.uk/hydrogen- ... 00154657X/
its Annual General Meeting ("AGM") will be held on 5 September 2022 at 11.00 a.m. at the offices of Laytons LLP, Pinners Hall, 105-108 Old Broad Street, London EC2N 1ER....
The Directors have, subsequent to the posting of the notice AGM, reconsidered these amounts and resolved that, if granted, the relevant authorities set out in resolutions numbered 10 and 11 will not be exercised above a level equivalent to one quarter of the Company's current issued share capital,
[unusual, presumably somebody had a word about dilution]

Today 07:00 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 00094593X/
Share conversion by Andrey Akimov

Today 07:00 Tower Resources PLC (TRP)
Issue of share in lieu of fees to Bedrock Drilling
https://www.investegate.co.uk/tower-res ... 00134528X/
it has issued 11,200,000 Ordinary shares in the Company (the "Fee Shares") to Bedrock Drilling Ltd ("Bedrock Drilling"), in lieu of fees to the value of £ 25,200 .

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z7602/
€250m

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00144690X/
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 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Announces Normal Course Issuer Bid
https://www.investegate.co.uk/gran-tier ... 0500H6735/
the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 36,033,969 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase

Yesterday 17:40 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4054H2437/
They bought back 1,100,000 shares

Yesterday 07:00 TotalEnergies SE (TTE)
TotalEnergies: Norway: Northern Lights Project Signs World's First Commercial Agreement on Cross-Border CO2 Transport and Storage
https://www.investegate.co.uk/totalener ... 0000Z7001/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signature of a commercial agreement between Northern Lights and Yara to transport and store CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands.
From early 2025, 800,000 tons of CO2 per year will be captured, compressed, and liquefied in the Netherlands and then transported to the Northern Lights site to be permanently stored in geological layers some 2,600 meters under the seabed off the coast of Øygarden, in Norway.
This agreement, the first of its kind worldwide, is a major milestone in the decarbonization of heavy industry in Europe

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

#526580

Postby Hallucigenia » August 31st, 2022, 12:02 pm

Not much news today - Coro complete a 3MW pilot of their rooftop solar, Phoenix Global get a mysterious letter from some shareholders, the TransGlobe/VAALCO should complete 3 October, Echo's dog ate their results so they get a 1 month extension, Union Jack complete their capital reduction, Afentra get 100% shareholder approval for the Angola deal, and Upland/Baron waffle a bit about Dunrobin. A little bit of good news from Pakistan where it's been in short supply recently, MOL/ONGC find more gas in the NW Frontier. One small oddity I've noticed, BP haven't been buying back recently, don't know if that's because they've run out of authority, or are saving their cash for other purposes.

For those who didn't catch it, yesterday I did a big ramble about where we are and would be interested in what other people are looking at, also a look at some of the European-focussed companies on non-London markets.

Brent=$96.35(August)                  WTI=$89.38(September,Brent-6.97)   Nymex gas=$9.06(September)   
NBP =542.71p(September,Nymex+54.07) TTF=€276.515(October,Nymex+71.91) JKM=$58.745(October,Nymex+49.68)

Today 09:30 Upland Resources Ltd (UPL)
Dunrobin Update
https://www.investegate.co.uk/upland-re ... 30067424X/
The holders of the Licence ("Joint Venture Partners" or the "JV") are Upland (32% working interest), Baron Oil plc (32% working interest), and Corallian Energy Limited ("Corallian") (36% working interest). Corallian are Licence Operator; Baron Oil plc has the role of technical overseer in relation to the Licence's remaining Phase A work commitments...
3D seismic reprocessing and geochemical studies covering Dunrobin and other prospects within Licence P2478 in the Inner Moray Firth have been delivered with a significant uplift in data quality believed to have been achieved.
The interpretation of the revised data began on schedule in July 2022. An updated prospectivity evaluation is anticipated to be available during Q4 2022, which will provide sufficient time for the Joint Venture partners to consider options, potentially including engaging with prospective drilling and funding partners, ahead of the July 2023 'drill or drop' licence decision.

Today 09:27 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 27347448X/
On 25-Aug-2022, JPMorgan Chase & Co. increased from 5.163% to 6.075%.

Today 09:24 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 24307442X/
the total number of shares in the capital of the Company as at 31 August 2022 was as follows:

Today 09:17 Angus Energy PLC (ANGS)
Saltfleetby First Gas
https://www.investegate.co.uk/angus-ene ... 17517433X/
the Company has made its first nominations for gas export and sale to Shell via National Grid beginning with the Gas Day of Tuesday 30 August 2022 and will continue to make nominations this week. The Company will give further advice on volumes achieved when flow rates have stabilised.

Today 09:14 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 14237431X/
On 26/08/2022, Royal London Asset Management Limited reduced from 7.273634% to 6.796975%.

Today 08:20 Oil and Gas Devt Co (OGDC)
Material Information
https://www.investegate.co.uk/oil-and-g ... 20507360X/
The TAL Joint Venture comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development Company Limited (OGDCL) (30% working interest in exploratory phase) ,Pakistan Petroleum Limited (PPL), Pakistan Oilfield Limited (POL) and Government Holdings Private Limited (GHPL) have discovered gas from the deeper Samanasuk & Shinawari formations of Tolanj West Development & Production Lease (D&PL) in the Tolanj West-2 development well, which is located in district Kohat, Khyber Pakhtunkhwa Province.
2. The well was spudded-in on 10th April, 2022 to produce already discovered horizon of Tolanj West D&PL i.e. Lumshiwal Formation and to test Hydrocarbon potential of Lockhart & Shinawari & Samanasuk Formations (as exploratory targets). The well was successfully drilled down to depth of 4119.34 m TVD.
3. Based on interpretation results of wireline logs data, the deeper Samanasuk & Shinawari formations were tested successfully at rate of around 2.25Million Standard Cubic Feet per Day (MMSCFD) of gas through choke size 32/64" at Wellhead Flowing Pressure (WHFP) of 374 Pounds per Square Inch (Psi). Further testing operations are ongoing to evaluate full potential of the well.
4. The new discovery has de-risked an exploration play in deeper reservoirs over Tolanj West D&PL & in TAL Block, leading to new upside opportunities.

Today 07:51 TotalEnergies SE (TTE)
Belgium : TotalEnergies Selected to Install 4,400 EV Charging Stations for Electric Vehicles in Flanders
https://www.investegate.co.uk/totalener ... 5100Z9202/
the Flemish government has tasked TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) with the installation and commercial operation of a charging service for electric vehicles in the West Flanders (Westhoek, Kortrijk and Bruges) and Flemish Brabant (Brussels Periphery, Leuven) regions. TotalEnergies will install up to 4,400 public charge points over the next two years. The new 22 kVA charging stations will be operated under the TotalEnergies brand for a period of twelve years and will be supplied with 100 % renewable electricity generated by offshore wind power in the North Sea off the coast of Belgium.

Today 07:02 Phoenix Global Res (PGR)
Notification from shareholders
https://www.investegate.co.uk/phoenix-g ... 02107220X/
it has received from lawyers acting for certain shareholders of the Company who hold, in aggregate, approximately 2% of the Company's issued share capital, a letter before action (the "Letter") in relation to certain claims alleged against the Company and other parties.

Today 07:01 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 01006654X/
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 £0.245739 per Share. The Shares were purchased on the open market pursuant to trading plans entered into by each Director on 19 April 2022.

Today 07:00 TransGlobe Energy (TGL)
TransGlobe Announce Filing of MIC VAALCO Comb
https://www.investegate.co.uk/transglob ... 00016834X/
it has filed the management information circular ("Information Circular") and related meeting materials (together with the Information Circular, "Meeting Materials") in relation to the proposed business combination (the "Arrangement") of TransGlobe and VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") to create a world-class African-focused E&P company.
[current plan is for it to go through on 3 October]

Today 07:00 Tlou Energy Ltd (TLOU)
Date of 2022 Annual General Meeting
https://www.investegate.co.uk/tlou-ener ... 00066836X/
its Annual General Meeting in respect of the financial year ended 30 June 2022 will be held at 10:00am (Brisbane time) on Tuesday, 18 October 2022.

Today 07:00 Tower Resources PLC (TRP)
Total Voting Rights
https://www.investegate.co.uk/tower-res ... 00026434X/
The total number of voting rights in the Company is 3,543,237,955

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00046665X/
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 ... 00046652X/
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 18:06 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0612H2662/
They bought back 3,600,000 shares

Yesterday 17:59 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 59406607X/
On 30.08.2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited increased from 4.38% to 10.93%.

Yesterday 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35426485X/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's ended in the usual range but at one point spiked up to +34%. Over the last 2 weeks it's up +43.8%.

Yesterday 16:11 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 1102P538D/
On 26-Aug-2022, FMR LLC increased from 4.888% to 5.096%.

Yesterday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800P3C98/
Non-exec buys £21k

Yesterday 14:52 Afentra PLC (AET)
Result of General Meeting
https://www.investegate.co.uk/afentra-p ... 52546329X/
at a general meeting of the Company held at 14:00 today, the resolution to approve the Sonangol Acquisitions was passed as an ordinary resolution by the requisite majority. The votes cast on the resolution were as follows:
[100:0, don't think I've ever seen that]

Yesterday 14:31 Union Jack Oil PLC (UJO)
Capital Reduction Effective
https://www.investegate.co.uk/union-jac ... 31386288X/
the Capital Reduction exercise that is being pursued following the passing of a special resolution of the Company at its Annual General Meeting on 23 June 2022, has been approved ("Capital Reduction"). This follows the confirmation of the Capital Reduction by the High Court of Justice, on 30 August 2022. The Capital Reduction will become effective once the Court order has been registered with the Registrar of Companies, which is expected to happen on 31 August 2022. Subject to the filing of the Court order with the Registrar of Companies, the Capital Reduction creates additional reserves to the value of £21,553,557. This provides the Company with further flexibility to deliver shareholder returns in the form of dividends and/or share buybacks.

Yesterday 14:12 Coro Energy PLC (CORO)
Vietnam Solar Pilot: Commencement of Commissioning
https://www.investegate.co.uk/coro-ener ... 12416270X/
The 3-megawatt pilot project, consisting of over 4,500 solar panels and other ancillary components, has been installed across four factory roofs in Vietnam and covers a total area of 16,120 square metres. The pilot project has been delivered on budget and on schedule and is now five days into a 20-day commissioning phase....Coro now has a platform from which to prove proof of concept for the existing 150-megawatt rooftop Solar project portfolio. The supply chain partners supporting the pilot project have performed beyond expectation and a reliable process in project delivery has been proven.

Yesterday 14:00 Petroneft Resources (PTR)
Price Monitoring Extension
https://www.investegate.co.uk/petroneft ... 00336262X/
https://uk.finance.yahoo.com/quote/PTR.L/chart
On the day it's collapsed -33.3% having touched -33%. Over the last 2 weeks it's down -29.4%.

Yesterday 13:23 Echo Energy PLC (ECHO)
Extension to publication of 2021 accounts
https://www.investegate.co.uk/echo-ener ... 23096209X/
AIM Regulation has granted the Company an additional period of one month to publish its annual audited accounts for the year ended 31 December 2021. The Company must therefore publish its annual audited accounts for the year ended 31 December 2021 (the "2021 Annual Report") by 30 September 2022. With the audit of the local Argentinian JV entity (in which Echo holds a 70% non-operated interest) completed in August 2022, the Company's UK auditor is now working to finalise its own audit of the Company and the Company will endeavour to publish the 2021 Annual Report as soon as possible, and significantly ahead of 30 September 2022.

Yesterday 12:36 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.- ... 36476146X/
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 29, 2022, in the amount of RON 50,000,000.00, due on October 10, 2022 and RON 50,000,000.00, due on October 17, 2022.

Yesterday 11:02 UK Oil & Gas PLC (UKOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/uk-oil--- ... 02516008X/
CEO buys over [Dr Evil] One-Meellion shares - £1000-worth. Just consolidate - now. When I rule the world companies won't be allowed to have shareprices in the fractions of pence.

Yesterday 11:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00276003X/
https://uk.finance.yahoo.com/quote/EDR.L/chart
On the day it's been in the usual range.

Yesterday 10:59 Mosman Oil & Gas (MSMN)
Progress of Cinnabar Well Drilling
https://www.investegate.co.uk/mosman-oi ... 59025992X/
The drilling rig will move to site and commence drilling Cinnabar-1 when it has completed the third party well it is currently drilling, anticipated to be in the next week or two.

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

#526777

Postby Hallucigenia » September 1st, 2022, 10:54 am

Busy on the face of it today, but a lot of housekeeping as we turn into September - so several TVRs and a few deals had 31 August deadlines that haven't been met. For Reabold and San Leon the deadline has passed without any problem but Tomco are paying the price with what looks a fairly brutal convertible as bridging loan for 6 weeks. Global also do a small placing with warrants aplenty. Meanwhile Gulf Keystone are a cash monster that doesn't really know what to do with the barrows of cash they are generating - one can imagine they might diversify like some of the other Kurdistan companies, maybe buy some West Africa exploration? On a smaller scale, Nostra Terra also had solid results. Lots going on in Tanzania - Wentworth see production up 15% but have to cope with ARA officially pre-empting them on Ruvuma, where there's some progress on seismic and commercial terms.

Brent=$93.9(September)             WTI=$87.9(September,Brent-6.00)    Nymex gas=$9.04(September)   
NBP =439p(September,Nymex+41.88) TTF=€224.400(October,Nymex+56.98) JKM=$53.950(October,Nymex+44.91)

Today 08:19 Petrofac Limited (PFC)
Block Listing Six Monthly Return
https://www.investegate.co.uk/petrofac- ... 1947EBQRB/
The Petrofac Deferred Bonus Share Plan 2014

Today 07:45 Touchstone Explrtn. (TXP)
DIRECTOR / PDMR SHAREHOLDING
https://www.investegate.co.uk/touchston ... 45579103X/
Mr. John Wright, Non-executive Director and Chair of the Board of Directors of the Company, sold an aggregate 82,434 common shares of the Company ("Common Shares"). Mr. Wright sold 82,434 Common Shares at a weighted average price of C$1.50 per Common Share on the Toronto Stock Exchange on August 29, August 30, and August 31, 2022.

Today 07:15 Scirocco Energy PLC (SCIR)
Ruvuma Operations Update
https://www.investegate.co.uk/scirocco- ... 15048471X/
notes the update issued today by Aminex PLC on operations at the Ruvuma PSA, in which Scirocco holds a legacy 25% non-operated working interest.

Today 07:00 Gulf Keystone Petrol (GKP)
2022 Half Year Results Announcement
https://www.investegate.co.uk/gulf-keys ... 00078474X/
As we progress towards approval of the Field Development Plan, we have continued to develop the Shaikan Field and recently resumed drilling with the spud of SH-16. We have paid a record $190 million of dividends in 2022 and are pleased today to announce an incremental interim dividend of $25 million, increasing total dividends declared this year to $215 million. While delivering a sector leading dividend yield, we have also maintained a strong balance sheet, redeeming our $100 million bond leaving the Company debt free.
· Free cash flow more than doubled to $177.3 million (H1 2021: $66.7 million), driven by the strengthening oil price and continued production growth, enabling the Company to deliver against its strategic commitment of balancing investment in growth with shareholder returns
· Dividends declared of $215 million in 2022, providing shareholders with a sector-leading dividend yield of 36% based on GKP's closing price on 30 August 2022
o Adjusted EBITDA up 122% to $208.6 million (H1 2021: $93.8 million)
o Profit after tax up 151% to $162.8 million (H1 2021: $64.8 million)
o Realised price up 93% to $84.3/bbl (H1 2021: $43.7/bbl)
o Gross average production increased 3% to 44,941 bopd (H1 2021: 43,516 bopd)
o Revenue up 102% to $263.6 million (H1 2021: $130.7 million)
o Gross Opex per barrel of $2.9/bbl (H1 2021: $2.4/bbl), at low end of 2022 guidance of $2.9-$3.3/bbl
· 2022 gross average production guidance reiterated at 44,000-47,000 bopd
Gulf Keystone's management team will be presenting the Company's 2022 Half Year Results at 10:00am (BST) today via live audio webcast:

Today 07:00 Nostra Terra O&G Co (NTOG)
Q2 Production and Operations Update
https://www.investegate.co.uk/nostra-te ... 00088504X/
· 33% increase in Q2 Company revenue ($1,141,739 Q2-22 vs $810,699 Q1-22)
· 22% increase in Q2 average net daily production (125 bopd Q2-22 vs 102 bopd Q1-22)
· 7% increase in Q2 oil sales price per bbl ($98.28 Q2-22 vs $94.43 Q1-22)
Technical work on the results of the Grant East #1 well continues. Integrating the Grant East #1 results into a larger regional context has uncovered attractive opportunities in other parts of the lease that were not initially anticipated. Planning and permitting for a second well within the lease are ongoing and it is now expected that one of these new opportunities will be drilled prior to year-end.
It's our expectation that the results of the workover and facility improvement activity at Pine Mills will deliver a further increase in production from our existing wells while providing the treating capacity necessary for the new opportunities we are developing resulting from the Fouke area successes.

Today 07:00 Wentworth Resources (WEN)
lnterim Results
https://www.investegate.co.uk/wentworth ... 00078428X/
o expected FY dividend distribution for 2022 would equate to a yield of approximately 9.0% based on the current share price
· Revenues grew 32% to $15.45 million (H1 2021: $11.7 million), due to sustained high levels of production at Mnazi Bay and higher gas price due to inflationary price mechanism
o low operational cost of production maintained at $0.45/Mscf (H1 2021: $0.49 Mscf); largely fixed insulating the Company from cost inflation
· Adjusted earnings before interest, taxes, depreciation, amortization, and exploration (EBITDAX) increased by 43% to $9.6 million (H1 2021: $6.7 million)
· Strong financial position with $27.4 million cash (H1 2021: $22.8 million) and zero debt
· Average daily production of 92.3 MMscf/day (gross) during the first six months of 2022, represents a record performance; a 14.9% increase from the same period in 2021
· Average daily production for Q2 2022 was 86.3 MMscf/day (gross), above the high end of guidance; demonstrating the increased demand even across the traditional rainy season
On 31 August 2022, Scirocco announced it had entered into binding agreements with APT with a view to completing the disposal by 31 December 2022. This pre-emption remains subject to approval by the Government of Tanzania

Today 07:00 Aminex PLC (AEX)
Ruvuma Seismic and Commercial Update
https://www.investegate.co.uk/aminex-pl ... 00078478X/
· Over half of the seismic data has now been acquired over the Ntorya location.
· The seismic data required to evaluate the drilling location of the Chikumbi-1 ("CH-1") well is expected by mid-September 2022.
· APT anticipates the full seismic acquisition programme to be completed by mid-October 2022.
· On behalf of the Ruvuma joint venture partners, APT has agreed in principle with the Government of Tanzania ("GoT") to an addendum to the Ruvuma PSA ("PSA Addendum"). The Ruvuma PSA, as with all other PSAs in Tanzania, contained fiscal terms (profit share, royalty, and taxations rates) only for the production of oil. Fiscal terms for the production of gas were required to be agreed upon separately.
· Negotiations on the gas sales agreement ("GSA") between the Ruvuma partners and the Tanzania Petroleum Development Corporation ("TPDC") for the sale of gas from the Ntorya gas field to the TPDC commenced recently in Tanzania and are currently ongoing.

Today 07:00 TomCo Energy PLC (TOM)
Convertible Loan Note Facility
https://www.investegate.co.uk/tomco-ene ... 00078450X/
is pleased to announce that the Company has obtained an unsecured facility of up to £750,000 via a convertible loan note instrument and associated subscription and put option agreement...will be utilised to repay a principal amount of US$250,000 of the unsecured US$1.5 million loan from Valkor Oil & Gas LLC ("Valkor") advanced to the Company's wholly owned subsidiary, Greenfield Energy LLC ("Greenfield"), as announced on 16 November 2021 and for general corporate purposes. The Convertible Loan is intended to bridge the Company's financing requirements as the Board seeks to further progress and finalise negotiations with a potential financing party for a larger debt funding package to enable the Company to execute on its development plans for Greenfield and the Tar Sands Holdings II LLC ("TSHII") site....
The conversion price per new Ordinary Share under the facility shall be determined as the lower of: (i) 0.75 pence; and (ii) the volume-weighted average price of an Ordinary Share during any five of the fifteen business days prior to service..., discounted by 15 %....the Convertible Loan subscribers will be issued with 50 ,000 ,000 warrants, with each warrant affording the holder the right to subscribe for one new Ordinary Share at an exercise price of 0.75 pence per share, for a period of two years from 31 August 2022...If the second tranche of £375,000 of the Convertible Loan is drawn down (the "Second Drawdown"), the Convertible Loan subscribers will be issued with a further 50,000,000 warrants...NSL will also be issued 5,000,000 warrants...
On 31 May 2022, 28 June 2022 and 1 August 2022, the Company announced that the terms of the Valkor Loan had been varied in order to extend the repayment date, with the last extension being to on or before 31 August 2022. The Company announces that the terms of the Valkor Loan have now been further varied to extend the repayment date for the remaining US$1,250,000 principal amount of the loan, following the envisaged repayment of US$250,000 detailed above, to on or before 14 October 2022.

Today 07:00 Reabold Resources (RBD)
Update on Corallian and acquisition of licences
https://www.investegate.co.uk/reabold-r ... 00088498X/
further to its announcement of 4 May 2022, Corallian Energy Limited ("Corallian") continues negotiations with the potential purchaser for the acquisition of its entire issued share capital...As part of the Potential Sale process, Reabold had entered into a conditional sale and purchase agreement ("SPA") to acquire Corallian's working interest in all the non-Victory licences within the Corallian portfolio (the " Acquisition "). The SPA gave the right to both Corallian and Reabold to terminate the SPA if the Potential Sale had not completed by 31 August 2022. Given negotiations with regard to the Potential Sale remain ongoing, neither Reabold nor Corallian intend to terminate the SPA.

Today 07:00 San Leon Energy PLC (SLE)
Update on proposed transactions - Midwestern & ELI
https://www.investegate.co.uk/san-leon- ... 00078389X/
In order to acquire additional interests in OML 18 and take its economic interest to 45% of OML 18, Eroton proposes to enter into new senior secured reserve-based lending facilities totaling US$750 million (the "New Eroton Debt Facilities"), to be provided to Eroton by a lending consortium headed by Afreximbank. Whilst this process has advanced it remains a complex procedure with several interested parties and, as a result, additional time is needed to finalise the loan agreements and ancillary documentation. Consequently the condition relating to the New Eroton Debt Facilities, which had been due to be finalised by 31 August 2022, has now been extended to 30 September 2022 by agreement with Midwestern...The board of San Leon remains confident that the Proposed Transactions will complete by or during the final quarter of this year, as originally set out in the Admission Document.

Today 07:00 Vaalco Energy Inc (EGY)
FILING AND MAILING OF DEFINITIVE PROXY STATEMENT
https://www.investegate.co.uk/vaalco-en ... 00088495X/
it has filed and mailed its definitive proxy statement in connection with the previously announced combination with TransGlobe Energy Corporation...
The special meeting of VAALCO stockholders will be held at 11:00 AM, Eastern Time, on September 29, 2022 (or such other date, time and place to which the special meeting may be adjourned or postponed). The special meeting will be held entirely online at the following website: https://www.virtualshareholdermeeting.com/EGY2022SM .

Today 07:00 Woodside Energy Grp. (WDS)
Half-Year 2022 Results Briefing Transcript
https://www.investegate.co.uk/woodside- ... 00048643X/
A copy of the transcript of the half-year results presentation held on 30 August 2022, in relation to the Company's results for the half-year ended 30 June 2022, has been sent to the National Storage Mechanism and will shortly be available for inspection in unedited full text format at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Today 07:00 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.- ... 00049009X/
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 31, 2022, in the amount of RON 130,000,000.00, due on October 25, 2022.
The interest percentage rate applied to the above mentioned deposit is 8.55% per year.

Today 07:00 Velocys PLC (VLS)
Total Voting Rights
https://www.investegate.co.uk/velocys-p ... 00058257X/
the total issued share capital of the Company is 1,397,671,031 Ordinary Shares, each with voting rights.

Today 07:00 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 00058082X/
as at today's date, the issued share capital is 125,876,519 ; the number of deferred shares are 303,305,534. The Company does not hold any ordinary shares in Treasury.

Today 07:00 NWF Group PLC (NWF)
Total Voting Rights
https://www.investegate.co.uk/nwf-group ... 00058220X/
as at 31 August 2022 the Company's issued share capital consists of 49,407,963 ordinary shares of 25 pence each ("Ordinary Shares"), with one voting right per Ordinary Share. There are no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 49,407,963.

Today 07:00 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 00068276X/
as at 31 August 2022, its capital consisted of 463,480,770 ordinary shares of £0.001 each, and each with voting rights. The Company does not hold any ordinary shares in treasury.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00068273X/
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 ... 00068330X/
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 18:12 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1226H2954/
They bought back 5,448,179 shares

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00058327X/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Yesterday 17:57 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 57288362X/
They bought back 11,697,435 shares at 439.645p = £51,427,142.12

Yesterday 17:38 Shell plc (SHEL)
Voting Rights and Capital
https://www.investegate.co.uk/shell-plc ... 3851H2947/
Shell plc's capital as at August 31 , 2022 , consists of 7,269,806,620 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.

Yesterday 17:35 Pharos Energy PLC (PHAR)
Total Voting Rights
https://www.investegate.co.uk/pharos-en ... 35318326X/
As at 31 August 2022, the Company's issued share capital consisted of 446,870,473 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury.

Yesterday 17:02 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 02028246X/
As required under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company provides the following information relating to voting rights as at 31 August 2022:

Yesterday 16:36 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 36088203X/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's been in the usual range.

Yesterday 16:18 Trinity Exploration (TRIN)
Total Voting Rights
https://www.investegate.co.uk/trinity-e ... 18328178X/
as at the 31 August 2022, the Company has 39,884,637 Ordinary Shares of USD 0.01 each in issue with no shares held in treasury.

Yesterday 15:46 Global Petroleum Ltd (GBP)
Placing to raise £0.8 million
https://www.investegate.co.uk/global-pe ... 46048136X/
is pleased to announce that it has successfully raised £800,000 in aggregate before costs (the "Placing"), through the Placing of 228,571,428 Ordinary Shares (the "Placing Shares") at a Placing Price of 0.35 pence per share. As a further component of the Placing, 114,285,714 Warrants are also being issued at an exercise price of 0.70 pence per share for a period of 2 years (one Warrant for every two new Ordinary Shares issued under the Placing). In the event the Warrants are exercised in due course in full, associated proceeds would be £800,000 with the result that the Company would have raised aggregate gross proceeds of £1,600,000 at a weighted average price of 0.47 pence per share.
Global notes the confirmation by TotalEnergies that it plans to drill an appraisal well on the Venus discovery in Q3 2022. It has been reported that TotalEnergies' plans to test both the appraisal well and the original discovery well, Venus-1X. Shell has also stated that, following the Graff-1 discovery and the subsequent La Rona-1 well earlier in 2022, it will drill more appraisal and exploration wells in order to prove commerciality and to design the optimal development plan - this programme is widely reported as scheduled to commence in Q3/Q4 2022. Global's view is that there is commonality of both source and reservoir between the Shell and TotalEnergies discoveries in the Orange Basin, and the Company's licence PEL 94.

Yesterday 15:28 Scirocco Energy PLC (SCIR)
Ruvuma Disposal Update
https://www.investegate.co.uk/scirocco- ... 28238123X/
ARA Petroleum Tanzania ("APT"), the current 50% interest holder and operator of Ruvuma, has maintained its intention to exercise its pre-emption rights and Scirocco has now entered into binding agreements with APT which, inter-alia, provides access to cash call cover through the previously announced loan facility and 1st drawdown notice for $1.614 million which is expected to be paid by or on 5 September 2022. Other than for adjustments with respect to conditions precedent now fulfilled, including TPDC waiving its right of first refusal and Scirocco shareholder approval for the disposal having now been obtained, APT has agreed to enter into all of the same agreements (and on the same terms) as Wentworth Resources plc

Yesterday 13:53 Nostrum Oil & Gas (NOG)
Notice of Scheme Effective Date
https://www.investegate.co.uk/nostrum-o ... 53478005X/
further to the announcement issued by the Company on 26 August 2022 regarding the Scheme Sanction Hearing on 26 August 2022 at which the Court made an order sanctioning the Scheme (the "Scheme Sanction Order"), the Scheme Sanction Order has today been lodged with Companies House and the Scheme shall thereby take effect and bind (amongst other parties) all Scheme Creditors and the Company by its terms....
The Company is therefore pleased to announce that each of the Scheme Conditions has been fulfilled or waived in accordance with the terms of the Scheme and therefore the Scheme Effective Date has occurred. This announcement constitutes the Scheme Effective Date Notice. The Scheme is now effective in accordance with its terms and the authorisations, instructions and obligations thereunder shall bind the Company and all Scheme Creditors thereto. This includes the imposition of the Scheme Standstill, which will restrict Noteholders from taking Enforcement Action

Yesterday 13:52 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 52058003X/
As at 31 August 2022, Tullow Oil plc's issued share capital consisted of 1,438,524,083 ordinary shares (with a nominal value of 10p each) with voting rights. No ordinary shares were held in treasury.

Yesterday 13:39 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 39147988X/
On 30-Aug-2022, BlackRock, Inc. reduced from 5.32% to <5%.

Yesterday 13:35 Petrol AD (74JJ)
Half-year Report
https://www.investegate.co.uk/petrol-ad ... 35127980X/
Costs down and 51% higher revenue took the Bulgarian wholesaler/retailer into profit.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#527525

Postby Hallucigenia » September 5th, 2022, 6:16 am

Not much news in the tail of last week, Zenith can't believe how profitable Italian electricity is, Angus appoint some heavyweights for life after Saltfleetby, Scirocco have shareholders questioning if anaerobic digestion is the future [oops], Empyrean miss the deadline for publishing results [oops again], Canar-1 is a duster for Serinus [3rd oops], Upland's Sarawakian chairman lands a block in Sarawak, Phoenix Global shareholders approve their delisting from AIM.

Brent=$95.03(September)               WTI=$88.65(September,Brent-6.38)   Nymex gas=$8.97(September)   
NBP =409.42p(September,Nymex+37.95) TTF=€214.665(October,Nymex+53.38) JKM=$55.245(October,Nymex+46.27)

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00001781Y/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Friday 17:54 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 54461799Y/
They bought back 11,468,739 shares at 452.992p = £51,952,443.93

Friday 17:46 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4605H3396/
They bought back 2,587,923 shares

Friday 17:06 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 06461729Y/
On 31-Aug-2022, Bank of America Corporation increased from 0% to 7.565%.

Friday 16:45 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 45001666Y/
On 31-Aug-2022, Intra-group business and assets transfer from Ignis Investment Services Limited to abrdn Investment Management Limited increased from 10.948% to 10.958%.

Friday 16:35 Jadestone Energy PLC (JSE)
Price Monitoring Extension
https://www.investegate.co.uk/jadestone ... 35421676Y/
https://uk.finance.yahoo.com/quote/JSE.L/chart
On the day it's been in the usual range.

Friday 14:55 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5500PEAFC/
CEO, VEST, EXERCISE AND RETENTION OF CONDITIONAL SHARES AWARDED IN SEPTEMBER 2021 UNDER THE JOHN WOOD GROUP PLC LONG-TERM PLAN NOT SUBJECT TO PERFORMANCE CONDITIONS EXERCISE AND RETENTION OF CONDITIONAL SHARES AWARDED IN SEPTEMBER 2021 UNDER THE JOHN WOOD GROUP PLC LONG-TERM PLAN NOT SUBJECT TO PERFORMANCE CONDITIONS

Friday 14:11 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 11351514Y/
On 31-Aug-2022, Bank of America Corporation increased from 13.125% to 14.077%.

Friday 12:27 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 27501378Y/
Today, the Company granted nil-cost options over a total of 1,878,107 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

Friday 11:45 IOG PLC (IOG)
Issue of Equity and PDMR Shareholding
https://www.investegate.co.uk/iog-plc-- ... 45581302Y/
issued a total of 174,846 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of options over Ordinary Shares ("Options") by James Chance, a PDMR of the Company.

Friday 11:10 Zenith Energy Ltd (ZEN)
New record Italian Electricity production revenue
https://www.investegate.co.uk/zenith-en ... 10441186Y/
is delighted to provide an update on its electricity production operations at the Torrente Cigno Concession in Italy during the month of August 2022.During the month of August 2022, the Company produced a total of approximately 985.6 megawatt hours ("MWh").
Electricity prices during the month of August 2022 averaged approximately EUR 538 per MWh, resulting in net revenues of approximately EUR 530,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Friday 11:00 Energean PLC (ENOG)
Holding(s) in Company
https://www.investegate.co.uk/energean- ... 00011050Y/
On 31-Aug-2022, Intra-group business and assets transfer from Ignis Investment Services Limited to abrdn Investment Management Limited reduced from 9.05% to 7.451%.

Friday 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00010906Y/
On 30-Aug-2022, Bank of America Corporation increased from 9.105% to 9.519%.

Friday 10:30 Angus Energy PLC (ANGS)
New Appointments
https://www.investegate.co.uk/angus-ene ... 30001077Y/
is pleased to announce the proposed appointment of Krzysztof Zielicki as a Non-Executive Director on the Board of the Company subject to the completion of regulatory checks including Nomad approval. Krzysztof brings over 40 years of experience in the oil and gas industry. He has held leading roles for several Energy Majors, including BP and Rosneft, where he was Vice President for M&A and Strategy. He brings a wealth of technical, commercial and managerial experience as Angus enters the next phase of its growth strategy.
The Company is also pleased to announce the engagement of Richard Herbert, with the responsibility of developing and expanding production at the Saltfleetby Gas Field and other assets in the Angus portfolio. Richard brings 40 years of experience in the energy industry. He has held several executive positions at BP, including the development and operations at Wytch Farm (the last major onshore UK gas field). Following this role, Richard was COO of Exploration at BP and CEO of Frontera. Richard brings considerable technical, managerial and operational expertise.

Friday 10:23 TomCo Energy PLC (TOM)
Holding(s) in Company
https://www.investegate.co.uk/tomco-ene ... 23281078Y/
On 01-Sep-2022, Spreadex LTD increased from 2.972% to 3.143%.

Friday 10:19 Scirocco Energy PLC (SCIR)
Requisition of General Meeting
https://www.investegate.co.uk/scirocco- ... 19511073Y/
it has received a letter from a group of shareholders of the Company requesting the Company to convene a general meeting of the Company's shareholders...the Company can now confirm it is subject to the requirement pursuant to section 304 of the Act to call a general meeting within 21 days of receipt of a valid requisition and to hold such a general meeting on a date not more than 28 days after the date of the notice convening such general meeting....
A summary of the five proposed resolutions relate to requests for the Directors to: 1) explain measures they are going to take to improve share price performance and to rethink the Company's investment strategy going forward; 2) provide an audit trail in respect of Company revenues received since 2018 and explain strategy around funding of the Ruvuma asset; 3) reassess the strategy of any further investment in anaerobic digestion plants; 4) seek alternative service providers to reduce overhead spending; and 5) appoint a unnamed representative from the requisitioning shareholders to the board.

Friday 09:04 Empyrean Energy PLC (EME)
Posting of Notice of Annual General Meeting
https://www.investegate.co.uk/empyrean- ... 04170896Y/
its Annual General Meeting ('AGM') will be held at Cenkos Securities, 6.7.8 Tokenhouse Yard, London EC2R 7AS 10.00 a.m. on 27 September 2022.
The Company advises of a delay in the publication of the Company's financial results for the year ended 31 March 2022. As a result, the Company has been unable to publish the Company's 2022 Annual Report together with the Notice of AGM. Given that the Company is required to hold an AGM each year within six months of its financial year end, the Company's 2022 AGM will be held on 27 September 2022, however, it is expected that this meeting will only deal with the resolutions that do not relate to the 2022 Annual Report.

Friday 08:23 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 23440864Y/
On 30-Aug-2022, The Goldman Sachs Group, Inc. increased from 12.775% to 12.856% and adjusted their shares vs other formats.

Friday 07:00 Serinus Energy PLC (SENX)
Canar-1 Well - Drilling Operations Completed
https://www.investegate.co.uk/serinus-e ... 00080289Y/
drilling operations at the Canar-1 exploration well in Romania have been completed.
The Canar-1 well was drilled to a total depth of 1,570 metres, targeting three prospective hydrocarbon zones. Well logging and gas show readings determined that these zones had indications of residual gas, but they do not contain sufficient gas resources to justify proceeding with the testing and completion program for the well. Drilling operations were performed without incident. The well will now be suspended for potential future use as a water disposal well and the drilling rig mobilized to the Moftinu Nord-1 well location.

Friday 07:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0018ELXIE/
all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during May 2022....
Following the receipt of the receivable recovery payment, Genel is now owed $46 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from April to December 2020.

Friday 07:00 Upland Resources Ltd (UPL)
Joint Technical Study in Sarawak, Malaysia
https://www.investegate.co.uk/upland-re ... 00070248Y/
on 1st of September 2022 Upland Resources (Sarawak) Sdn Bhd (a wholly owned subsidiary of Upland), Big Oil Ventures Sdn Bhd ("BOV") and Petroleum Sarawak Berhad ("PETROS") have signed a Joint Technical Study Agreement (the "Agreement") to carry out a joint technical study on Block SK334. The study will be carried out jointly by Upland Resources (Sarawak) Sdn Bhd and BOV covering Block SK334 which has a size of approximately 6,685 sq km, located in the northern region of Onshore Sarawak, Malaysia....
Upland, through its Sarawakian Chairman, Bolhassan Di will establish an operations office in Sarawak to commence preparatory works for the joint technical study....
Upland is looking forward to starting the Joint Technical Study immediately, and is optimistic about the results to be obtained, considering that the Block SK334 is located next to a prolific petroleum basin which has witnessed oil production since 1929.

Friday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00070247Y/
They bought back 11,679,242 shares at 440.499p = £51,446,992.91

Friday 07:00 Vaalco Energy Inc (EGY)
Change in Senior Leadership
https://www.investegate.co.uk/vaalco-en ... 00080771Y/
Michael Silver, its Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, has advised of his intention to leave VAALCO to pursue other interests. Mr. Silver will remain with the Company for a transitional period to facilitate consummation of the proposed arrangement with TransGlobe Energy Corporation. The Company has launched an executive search to find a replacement for the position.

Friday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00080290Y/
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.

Friday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00070220Y/
Pharos Energy plc, announces that on 1 September 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.

Friday 07:00 Touchstone Explrtn. (TXP)
SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES
https://www.investegate.co.uk/touchston ... 00080281Y/
announces the following purchases under its Employee Share Purchase Plan.

Friday 07:00 Woodside Energy Grp. (WDS)
PDMR Notification
https://www.investegate.co.uk/woodside- ... 00060774Y/
Woodside Energy Group Ltd announces the allocation to Graham Tiver of 32,307 ordinary shares upon the vesting of equity rights pursuant to the Supplementary Woodside Equity Plan on 31 August 2022.

Friday 07:00 Woodside Energy Grp. (WDS)
PDMR Notification
https://www.investegate.co.uk/woodside- ... 00060776Y/
announces the following purchase of ordinary shares on behalf of the non-executive directors whose names are listed below pursuant to the Company's Non-Executive Directors Share Plan which took place on 31 August 2022.

Thursday 18:13 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1335H3198/
They bought back 6,174,000 shares

Thursday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00030161Y/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Thursday 16:43 Echo Energy PLC (ECHO)
Total Voting Rights
https://www.investegate.co.uk/echo-ener ... 43500096Y/
1,956,661,288 shares

Thursday 16:35 Gulf Marine Services (GMS)
Price Monitoring Extension
https://www.investegate.co.uk/gulf-mari ... 35430081Y/
https://uk.finance.yahoo.com/quote/GMS.L/chart
On the day it's dropped -8.7%. Over the last 2 weeks it's down -17.3%.

Thursday 16:35 TomCo Energy PLC (TOM)
Price Monitoring Extension
https://www.investegate.co.uk/tomco-ene ... 35350079Y/
https://uk.finance.yahoo.com/quote/TOM.L/chart
On the day it's dropped -17.3% having touched -20%. Over the last 2 weeks it's been in the usual range.

Thursday 15:49 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 49460039Y/
As at 31 August 2022, the issued share capital of BP p.l.c. comprised 18,827,992,714 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.

Thursday 15:00 Enwell Energy PLC (ENW)
Notice of Annual General Meeting
https://www.investegate.co.uk/enwell-en ... 00389964X/
a Notice of Annual General Meeting is today being posted to shareholders. The Company's Annual General Meeting is to be held at 11.00 a.m. on 28 September 2022 at the offices of Squire Patton Boggs (UK) LLP, Premier Place, 2 & A Half Devonshire Square, London EC2M 4UJ .

Thursday 13:48 Phoenix Global Res (PGR)
Result of General Meeting
https://www.investegate.co.uk/phoenix-g ... 48449889X/
the special resolutions to approve the Company's Cancellation [of AIM listing] and Re-registration put to Shareholders at the General Meeting held earlier today were duly passed on a show of hands.

Thursday 12:15 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 15449752X/
On 31-Aug-2022, Spreadex LTD increased to 5.494%.

Thursday 12:07 Rockhopper Exp plc (RKH)
Total Voting Rights
https://www.investegate.co.uk/rockhoppe ... 07519733X/
it has issued 11,334 Ordinary Shares of 1 pence each (the "Shares") pursuant to the exercise of warrants which were issued as part of the capital raising in June 2022. The Shares were issued on 12 August 2022 under the Company's existing block listing entitlement.

Thursday 11:00 Genel Energy PLC (GENL)
Total Voting Rights
https://www.investegate.co.uk/genel-ene ... 0006EQNHD/
Genel Energy plc’s share capital consists of 278,523,442 ordinary shares of £0.10p each in issue plus ordinary shares held in treasury of 1,724,756.

Thursday 10:59 Aminex PLC (AEX)
Ruvuma PSA
https://www.investegate.co.uk/aminex-pl ... 59389527X/
Aminex notes yesterday's announcement from Scirocco Energy plc ("Scirocco") announcing the successful exercise by ARA Petroleum Tanzania Limited ("APT") of its pre-emption rights to purchase Scirocco's 25% interest in the Ruvuma PSA by the entering into of binding agreements between Scirocco and APT.
The Company is delighted that the operator of Ruvuma, APT, wishes to increase its participating interest in the Ruvuma PSA, confirming Aminex and APT's confidence in the quality and value of the Ruvuma asset.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#527756

Postby Hallucigenia » September 5th, 2022, 7:57 pm

Cracking results from Ashtead and another incremental acquisition which pays for itself quickly. Block bounce on spudding JSR-01DEEP, first of their Project II wells, 88 Energy have a drilling location for Hickory-1 in H1 next year, Prospex issue convertibles to three of their mates at 15% to help finance Selva - I imagine other shareholders are...unimpressed. Lamprell offer period ends with 50.56% acceptances. Clontarf "know no reason" for recent price craziness. Echo restructure their secured bonds, Harbour chairman sells a few £m ahead of the new Great Leader taking over.
NBP and TTF spike whilst Nymex drifts off a bit.

Brent=$95.23(September)               WTI=$88.82(September,Brent-6.41)   Nymex gas=$8.76(September)   
NBP =450.23p(September,Nymex+43.09) TTF=€245.926(October,Nymex+62.83) JKM=$55.245(October,Nymex+46.48)

Today 18:13 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 1300Z1422/
€250m

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00013349Y/
Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.

Today 17:54 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 54213383Y/
They bought back 10,098,541 shares at 461.702p = £46,625,135.10

Today 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4548H3761/
They bought back 1,620,000 shares

Today 16:35 Scirocco Energy PLC (SCIR)
Price Monitoring Extension
https://www.investegate.co.uk/scirocco- ... 35233251Y/
https://uk.finance.yahoo.com/quote/SCIR.L/chart
On the day it's dropped -12% having touched -20%. Over the last 2 weeks it's ended in the usual range but at one point spiked down to -20%.

Today 16:35 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 35523257Y/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's jumped +19.8% with a spike to +28%. Over the last 2 weeks it's jumped +19.8% with a spike to +28%.

Today 16:00 Zenith Energy Ltd (ZEN)
Rescheduling of Investor Call to 28.09.2022
https://www.investegate.co.uk/zenith-en ... 00013221Y/
The Investor Call will now be held on September 28 , 2022, at 09:00 AM BST/10:00 AM CEST via teleconference...The Investor Call will commence with the management team providing an update on the Company's recent activities and running through an updated corporate presentation (to be made available for download on the morning of September 28, 2022, at http://www.zenithenergy.ca ) and will conclude with the answering of questions submitted prior to the Investor Call.
[twice postponed now, was originally 23 August]

Today 15:36 Europa Oil & Gas (EOG)
Holding(s) in Company
https://www.investegate.co.uk/europa-oi ... 36483204Y/
On 02/09/2022, BGF Investment Management Limited (a/c BGF Investments LP) via Pershing Nominees Limited reduced from 6.970% to 5.925%.

Today 14:00 Block Energy PLC (BLOE)
Price Monitoring Extension
https://www.investegate.co.uk/block-ene ... 00333079Y/
https://uk.finance.yahoo.com/quote/BLOE.L/chart
On the day it's soared +27.9% with a spike to +36%. Over the last 2 weeks it's jumped +34.5% with a spike to +43%.

Today 14:00 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 00443081Y/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's up +7.1% with a spike to +15%. Over the last 2 weeks it's been in the usual range.

Today 13:22 Hydrogen Utopia Intl (HUI)
Result of AGM held on 5 September 2022
https://www.investegate.co.uk/hydrogen- ... 22133039Y/
all of the Resolutions as set out in the AGM Notice were duly passed on a show of hands.

Today 13:00 Lamprell plc (LAM)
Blocklisting application
https://www.investegate.co.uk/lamprell- ... 00133012Y/
application has been made to the London Stock Exchange and FCA for a total of 10,621,178 ordinary shares of 5 pence each in the Company to be admitted to the Official List of the FCA and admitted to trading on the London Stock Exchange. These shares will be allotted in accordance with the Company's Performance Share Plan and Retention Share Plan.

Today 11:02 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 02022684Y/
Chairman sells £1.1m via his Cayman company

Today 11:01 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 01002682Y/
Chairman sells £2.8m via his Cayman company

Today 11:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00312805Y/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +11.2% with a spike to +18%. Over the last 2 weeks it's soared +113.7% with a spike to +128%.

Today 11:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00192803Y/
https://uk.finance.yahoo.com/quote/EDR.L/chart
On the day it's been in the usual range.

Today 11:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00022681Y/
Chairman sells £1.1m via his Cayman company

Today 09:36 Angus Energy PLC (ANGS)
Exercise of Warrants and TVR
https://www.investegate.co.uk/angus-ene ... 36292619Y/
issued 38,185,275 ordinary shares of £0.002 each in the capital of the Company at varying exercise prices of 3,461,538 shares at 0.65 pence per share, 8,750,000 share at 0.8 pence per share, 5,405,555 shares at 0.9 pence per share, 3,068,182 shares at 1.1 pence per share, 8,750,000 shares at 1.2 pence per share, 4,375,000 shares at 1.35 pence per share and 4,375,000 shares at 1.5 pence per share ("New Ordinary Shares"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue.

Today 09:00 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 00282585Y/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's up +7.1% with a spike to +15%. Over the last 2 weeks it's been in the usual range.

Today 08:30 Echo Energy PLC (ECHO)
Publication of Bond Restructuring Proposals
https://www.investegate.co.uk/echo-ener ... 30022547Y/
further to the Company's announcement of 12 August 2022 and following positive and constructive discussions with certain holders of the Company's Luxembourg listed EUR 20.0m 8.0% secured notes (the "Notes"), that the Company will shortly publish its proposals in respect of a restructuring of the Notes (the "Proposals") and in doing so convene a meeting of the holders of the Notes (the "Noteholders") to consider the Proposals at 10.00 a.m. (London Time) on 28 September 2022...
· Convert 50% of the outstanding principal amount of the Notes, together with accrued interest thereon, into new ordinary shares in the Company ("Ordinary Shares") at a price of 0.45 pence per Ordinary Share; [currently 0.26p]
· Reduce Note interest rate to 2% per annum on any interest on the Notes accruing from 30 September 2022;
· Extend the maturity of the Notes to 15 May 2032 (the "Maturity Date"); and
· Change the minimum denomination of the Notes to EUR 50,000.

Today 07:02 Clontarf Energy PLC (CLON)
Share Price Movement and Shareholder Update
https://www.investegate.co.uk/clontarf- ... 02112418Y/
note the increase in the Clontarf share price on 2 September 2022 and can confirm that there is no new price sensitive information required to be disclosed....In Bolivia, Clontarf has been in discussions with international Direct Lithium Extraction processing experts, and has agreed in principle on a Joint Venture to test brines in medium-sized Bolivian salt-lakes. If the laboratory test-work is satisfactory, we will consider, subject to sourcing the necessary funding, building an on-site pilot plant to production test the Direct Lithium Extraction process.
In Australia, Clontarf is studying, with its partners, the deeper plays on its 10% Working Interest in WG-519-P Block on the North Western Shelf in Australia. The high Asian gas prices, and likely LNG feedstock shortage have increased interest in both our existing acreage, and additional projects which have been proposed to Clontarf.

Today 07:02 Shell plc (SHEL)
Shell Plc Second Quarter 2022 Euro and GBP Equivalent Dividend Payments
https://www.investegate.co.uk/shell-plc ... 0240H3585/
Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by August 26, 2022 will be entitled to a dividend of US$0.25, €0.2499 or 21.57p per ordinary share, respectively.

Today 07:01 Ashtead Tech Hldgs (AT.)
Acquisition of WeSubsea
https://www.investegate.co.uk/ashtead-t ... 01051926Y/
is pleased to announce it has signed a sale and purchase agreement to acquire the entire share capital of WeSubsea AS ("WeSubsea") on a cash free, debt free basis, for total consideration of NOK 65 million (£5.6m), subject to adjustment for normalised working capital. The Consideration will be paid in cash on the date of completion, which is expected to be during Q4 of 2022.
Founded in 2010, WeSubsea is a specialist in subsea dredging technology solutions supporting customers globally from its operating base in Aberdeenshire, UK. The business generated revenues of £1.9m, Adjusted EBITDA of £1.1m and Adjusted EBITA of £0.9m in FY21. The purchase is expected to be earnings enhancing and exceed the Company's cost of capital in its first full year of ownership.

Today 07:00 Ashtead Tech Hldgs (AT.)
Unaudited Half Year Results 2022
https://www.investegate.co.uk/ashtead-t ... 00071924Y/
· Strong year-on-year revenue increase (28.5%) delivered through growth across all geographic markets, enabled by higher demand in both offshore renewables and offshore oil and gas
o Offshore renewables revenue increased by 25.6% to £9.4m (HY21: £7.5m)
o Offshore oil and gas revenue increased by 29.8% to £22.4m (HY21: £17.2m)
· Gross Profit margin increased to 73.4% (HY21: 72.0%) reflecting higher cost utilisation and improved pricing
· Adjusted EBITDA rose 21.1% to £12.3m (HY21: £10.1m), with EBITDA margin in line with expectations
· Adjusted EBITA increased by 47.7% to £8.2m (HY21: £5.5m) with an adjusted EBITA margin of 25.8% (HY2021: 22.4%) driven by top line growth
· Net debt of £21.2m with leverage reducing to 0.9x from 1.0x at year end due to cash generation and growth in LTM EBITDA

Today 07:00 Prospex Energy PLC (PXEN)
Successful Fund Raise of £500,000
https://www.investegate.co.uk/prospex-e ... 00071908Y/
it has raised £500,000 via the issue of unsecured Convertible Loan Notes ('the Loan Notes') to existing and new investors... · Net proceeds completes the funding of 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 providing additional working capital to the Company.
· The Loan Notes are convertible into new Ordinary Shares at a price of 5.5p per ordinary share, the closing price on Friday 2 September 2022...
· Interest at 15% is payable quarterly compounded monthly, with the first interest payment on 30 September 2022 to be capitalised and added to the loan principal rather than paid in cash.

Today 07:00 Thunderball Invest. ()
Offer Update
https://www.investegate.co.uk/thunderba ... 00071906Y/
Day 21 with respect to the Offer, for the purposes of the Takeover Code was 2 September 2022. Given that the Offer is unconditional and that Day 21 has passed, the Offer Period with regard to Lamprell has now ended. Nevertheless, the Offer remains open for acceptance, as further described below....
As at the date of this announcement, the Thunderball Group hold in aggregate 186,507,967 Lamprell Shares, representing approximately 45.18 per cent....as at 5.00 pm (London time) on 2 September 2022 (being the last Business Day prior to the date of this announcement), Thunderball had received valid acceptances of the Offer in respect of 22,289,560 Lamprell Shares, representing approximately 5.39 per cent....
Accordingly, the Thunderball Group either holds, or has received valid acceptances of the Offer in respect of, a total of 208,797,527 Lamprell Shares, representing approximately 50.56 per cent. of the issued ordinary share capital of Lamprell [love that "per cent.", someone knows their Latin!]

Today 07:00 88 Energy Limited (88E)
Selection of Drilling Location in Icewine East
https://www.investegate.co.uk/88-energy ... 00082410Y/
· Amplitude Variation with Offset (AVO) analysis has been used to define 'sweet spots' for each play to help identify location for the 1H 2023 exploration well, Hickory-1.
· Significantly, the Fluid Factor attribute has identified areas of anomalous AVO behaviour within the FB3D area which could indicate hydrocarbon content and/or superior pore volume (reservoir quality).
· The Hickory-1 well will test the SMD, SFS, BFF and Kuparuk reservoir units, which are interpreted to extend from Pantheon Resources' (Pantheon) acreage onto Icewine East.
The Hickory-1 exploration well is currently planned to be drilled during H1 2023 and has been designed as a vertical well to be drilled to approximately 12,500 feet to intersect and test all four key reservoirs noted in the recently announced prospective resource estimates for Icewine East.

Today 07:00 Block Energy PLC (BLOE)
Drilling Update
https://www.investegate.co.uk/block-ene ... 00071913Y/
drilling has now commenced as planned on the previously announced JSR-01DEEP well, representing the start of Project II, in Block's three-project strategy. The well is self-funded using cash generated from existing operations...This is the first of a series of wells in a wide range of Project II opportunities designed to evaluate large, undrained areas of the deeper zones of the Middle Eocene reservoir and test contingent resources of over 200 MMbbls [up 28%]

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00071905Y/
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 ... 00051766Y/
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

#528114

Postby Hallucigenia » September 7th, 2022, 12:40 am

Great results from EnQuest (feel those accumulated tax losses), pretty indifferent ones from Capricorn in the circumstances as they guide down production forecast, pretty weak from Echo but at least they're sorting themselves out as long as their local creditors pay up. Pantheon and Synergia are cleaning up their wells ahead of production tests, Chariot partner with Total for green hydrogen in Mauritania, BP cock up their dividend announcement, Lamprell lose their remuneration resolution.

Brent=$92.83(September)               WTI=$86.84(September,Brent-5.99)   Nymex gas=$8.06(September)   
NBP =428.18p(September,Nymex+41.21) TTF=€239.842(October,Nymex+61.49) JKM=$54.690(October,Nymex+46.63)

Today 18:21 Lamprell plc (LAM)
Correction: Result of AGM
https://www.investegate.co.uk/lamprell- ... 21025101Y/
The announcement corrects resolution 14 to reference PricewaterhouseCoopers LLC being appointed as the Company's external auditors.
The Company held its 2022 Annual General Meeting today at 5.00PM local time, at the Lamprell Hamriyah offices in Sharjah, United Arab Emirates. Meeting attendance was reduced to the minimum necessary quorum of shareholders, facilitated by the Company....Resolutions 6, 7, 12 and 13 were not put to the meeting as they related to the appointment of Non-Executive Directors that had stepped down from the Board since publication of the Notice of Annual General Meeting. All other resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority except for Resolution 2...
We note, however, that a majority of shareholders voting did not approve resolution 2 (Approve the Directors' Remuneration Report for 2021). This vote (as in past years) was a voluntary and non-binding resolution.

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015044Y/
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 ... 4115H3990/
They bought back 3,729,813 shares

Today 17:27 BP PLC (BP.)
Q2 2022 Payments of dividends in sterling
https://www.investegate.co.uk/bp-plc--b ... 27425013Y/
This announcement is made in replacement of the ' Q2 2022 Payments of dividends in sterling' announcement released on 6 September 2022 (RNS number 3437Y). In the original announcement the declared US$ per ordinary share rate had been incorrectly rounded to 4 decimal places and is corrected below. This affected the sterling rate calculation and the sterling rate was therefore also incorrectly stated. The sterling rate is corrected below...
the amount of sterling dividend payable in cash on 23 September 2022 will be: 5.1684 pence per share.

Today 17:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27555024Y/
They bought back 10,668,491 shares at 454.422p = £48,479,969.70

Today 17:19 Echo Energy PLC (ECHO)
Publication of Annual Report and Notice of GM
https://www.investegate.co.uk/echo-ener ... 19145001Y/
The GM to approve the 2021 Annual Report will be held at the offices of Fieldfisher LLP, 2 Swan Lane, London EC4R 3TT on Thursday, 29 September 2022 at 15:00 and follows the Company's annual general meeting held on 27 June 2022.

Today 16:35 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 35334924Y/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's jumped +20% with a spike to +25%. Over the last 2 weeks it's up +20%.

Today 14:59 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5900P7D48/
EXECUTIVE PRESIDENT – STRATEGY & DEVELOPMENT buys £50k

Today 14:53 Lamprell plc (LAM)
Result of AGM
https://www.investegate.co.uk/lamprell- ... 53554835Y/
14 Re-appoint Deloitte LLP as auditors of the Company

Today 14:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00344784Y/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's ended in the usual range but at one point spiked up to +26%. Over the last 2 weeks it's jumped +26.5% with a spike to +53%.

Today 11:00 Upland Resources Ltd (UPL)
Notice of AGM
https://www.investegate.co.uk/upland-re ... 00004328Y/
The Annual General Meeting will be held at 11 a.m. (UK time) on 28 September 2022 at the offices of Hill Dickinson LLP, 8th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.

Today 10:00 Hunting PLC (HTG)
BLOCK LISTING SIX MONTHLY RETURN
https://www.investegate.co.uk/hunting-p ... 00024279Y/
Hunting PLC 2009 Performance Share Plan

Today 10:00 Serica Energy PLC (SQZ)
Notification of 2022 Interim Results
https://www.investegate.co.uk/serica-en ... 00024249Y/
Serica Energy plc (AIM: SQZ) will announce its Interim Results for the six months ended 30 June 2022 on Tuesday 27 September 2022.
A conference call for analysts will be held at 10.00 (UK time) on Tuesday 27 September 2022. ...CEO Mitch Flegg will also provide a live presentation via the Investor Meet Company platform at 13:00 (UK time) on Tuesday 27 September 2022. The presentation is open to all existing and potential shareholders.

Today 09:40 Woodside Energy Grp. (WDS)
PDMR Notification
https://www.investegate.co.uk/woodside- ... 40234269Y/
Woodside Energy Group Ltd announces the sale by Graham Tiver [CFO] of 15184 ordinary shares on 5 September 2022.

Today 07:00 EnQuest PLC (ENQ)
Half-year Report
https://www.investegate.co.uk/enquest-p ... 00133991Y/
· Group net production averaged 49,726 Boepd (2021: 46,187 Boepd)
· Revenue and other operating income of $943.5 million (2021: $518.3 million) and adjusted EBITDA of $536.3 million (2021: $345.4 million) reflects materially higher realised oil prices of $89.9/Boe (2021: $62.8/Boe), including the impacts of the Group's hedge programme, and higher production
· Operating costs increased to $208.4 million (2021: $153.0 million), primarily reflecting the addition of Golden Eagle to the portfolio, increased maintenance and well intervention activity, and increased diesel and emissions trading certificate prices
· Cash generated from operations was $522.7 million (2021: $287.9 million); with cash capital expenditure of $54.7 million (2021: $15.9 million) and cash abandonment expenditure of $28.2 million (2021: $38.7 million)
· Strong free cash flow generation of $332.1 million (2021: $144.5 million)
End June net debt reduced by $342.0 million from year end; net debt to adjusted EBITDA reduced to 0.9x
· Completed partial refinancing and extended the maturity of the Sterling retail bond on 20 April, with the new October 2027 9% retail bond issue totalling £133.3 million. The remaining October 2023 7% retail bond in issue is £111.3 million
· At 31 August 2022, net debt had been further reduced to $817.6 million
· The outstanding RBL was reduced to $90.0 million
· Executed $33.4 million (4.0%) of buy backs of the October 2023 7% high yield bonds in July and August bringing the total outstanding at the end of August down to $793.8 million
· 2022 average net Group production is expected to be within the guidance range of 44,000 Boepd and 51,000 Boepd
· EnQuest has hedged a total of c.3.4 MMbbls with an average floor of c.$60/bbl and ceiling price of c.$79/bbl in the second half of 2022. For the first half of 2023, the Group has hedged a total of c.3.5 MMbbls with an average floor price of c.$57/bbl and an average ceiling price of c.$77/bbl
Revenue is predominantly derived from crude oil sales, which for the first half of 2022 totalled $851.2 million, 73.5% higher than in the same period of 2021 ($490.5 million). Revenue from the sale of condensate and gas in the period was $252.9 million (2021: $57.9 million)
The Group's average realised oil price excluding the impact of hedging was $111.0/bbl for the six months ended 30 June 2022, compared to $67.3/bbl received during the first half of 2021. The Group's average realised oil price including the impact of hedging was $89.9/bbl in the first half of 2022, 43.2% higher than during the first half of 2021 ($62.8/bbl).
The tax charge for the six months ended 30 June 2022 was $142.4 million (2021: $19.4 million tax credit). The tax charge in the period is largely non-cash and reflects the tax impact on the Group's increased profit before tax. Ring Fence Expenditure Supplement ('RFES') on UK activities, which would historically have provided an offset to the UK tax charge, ceased to be available to claim from the end of 2021. Had the Energy Profits Levy ('EPL') been enacted in the interim period, a cash tax liability of $5.6 million would have been recognised in respect of Business Performance in the period 26 May 2022 to 30 June 2022.
The Group continues to have unrestricted access to its UK North Sea corporate tax losses, subject only to generating suitable future profits, which at 30 June 2022 were $2,627.7 million (2021: $3,011.0 million).

Today 07:00 Capricorn Energy PLC (CNE)
Half-Year Report Announcement
https://www.investegate.co.uk/capricorn ... 00113451Y/
Ø Egypt H1 2022 Capricorn working interest production averaged ~35,500 boepd
Ø ~14,600 bopd liquids (up 6% from 2021 post acquisition average)
Ø 117mmscf/d gas (down 7% from 2021 post acquisition average)
Ø Focus on liquids production in prevailing oil price environment; currently 41% of production
Ø Balance sheet: Group net cash at end of H1, US$631m, comprising US$809m cash and US$178m debt
Ø Receipt of India tax refund of US$1.06bn, enabling further shareholder returns with a ~US$500m tender offer and US$25m share buyback (which completed in July)
Ø Revised full year production guidance of 33,000 boepd to 36,000 boepd (previous guidance 37,000 boepd to 43,000 boepd)
We intend to use our balance sheet strength and differentiated financial flexibility to add further scale to our production base in the next phase of strategic delivery. The proposed merger with Tullow Oil is an acceleration of this strategy and presents a unique opportunity to create a leading African energy company with a material and diversified asset base and a portfolio of investment opportunities delivering significant production growth and sustainable, regular dividends.

Today 07:00 Echo Energy PLC (ECHO)
Final Results
https://www.investegate.co.uk/echo-ener ... 00133999Y/
· Average net daily production in 2021 was:
o 8.0 mmscf/d of natural gas
o 222 bbls/d of oil and condensate
o Total: 1,554 boepd
· Began process of reopening oil wells that had been shut-in during 2020
· New gas contracts for 2022-2023, which was significantly above the 2021 annual pricing
· Agreement by the Santa Cruz Sur partners to materially increase Santa Cruz Sur production by c.40% above average H1 2022 production levels
Revenue for the period remained constant at US $11.1 million in 2021 (US $11.1 million in 2020). Whilst prices increased, particularly in oil during the year, there remained production challenges which resulted in the flat revenue year-on-year. Losses for the year reduced to US $11.6 million, compared to US $27.0 million in 2020, reflecting the expected trend toward recovery, in 2022.
Whilst management are prudently reporting a material uncertainty in respect of going concern, management have prepared the financial statements on a going concern basis based on the post year end proposed debt restructuring, the current level of revenue and cash generation and the sensitivities considered in respect of the cashflow forecasts, and the mitigating actions that could be taken to conserve cash in a worse-case scenario.
Following a successful auction process for industrial clients, the Company secured new gas sales contracts for the twelve-month period in May 2021 at significant a premium to contracted rates from the previous year. These new contracts provided for a 126% increase over annual industrial pricing achieved the previous year.

Today 07:00 Pantheon Resources (PANR)
Operational and Corporate Update
https://www.investegate.co.uk/pantheon- ... 00053429Y/
The Nabors 105 rig, used to drill the Alkaid #2 well has been fully demobilised, and wireline and completion equipment is now on location where completion operations have commenced. The well will be perforated, stimulated and plugged off in sections, prior to the commencement of flow testing, anticipated in early October. The Company looks forward to advising shareholders of flow test results in due course....
its application for its ordinary share capital to trade on the OTC Market's OTCQX trading platform, the top tier of the three marketplaces for the OTC trading of stocks in the Unites States, is nearly complete with commencement of trade anticipated in the coming days.

Today 07:00 Chariot Limited (CHAR)
Chariot and Total Eren partner on hydrogen project
https://www.investegate.co.uk/chariot-l ... 00113453Y/
"The Consortium" composed of Chariot Limited (AIM: CHAR), the Africa focused transitional energy company and Total Eren, a leading renewable energy Independent Power Producer (IPP) based in Paris, is pleased to announce that it will launch feasibility studies in order to co-develop the "Nour Project", a large-scale green hydrogen project to be located in Mauritania.
· Equally owned (50%/50%) partnership between Chariot and Total Eren;

Today 07:00 Synergia Energy Ltd (SYN)
Cambay Operations Update
https://www.investegate.co.uk/synergia- ... 00053398Y/
The Company has contracted a workover rig from Aakash Exploration Services Ltd for mobilisation to the Cambay C-77H wellsite on 12 September 2022. The primary operation will be to re-install the production tubing but additional tasks will be to remove the frac tree and re-install the production Christmas tree. It is anticipated that the re-installation of the production tubing will enhance the well clean up and provide representative gas flow rate evaluation.

Today 07:00 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 00044010Y/
On 05-Sep-2022, Madison Avenue Partners LP (New York United States) increased from 6.094% to 7.09%.

Today 07:00 Jadestone Energy PLC (JSE)
Notice of Half-Year 2022 Financial Results
https://www.investegate.co.uk/jadestone ... 00143518Y/
will issue its consolidated unaudited financial statements for the period ending 30 June 2022 on Tuesday, 20 September 2022.The management team will host an investor and analyst conference call at 9:00 a.m. (London), 4:00 p.m. (Singapore) on Tuesday, 20 September 2022, including a question and answer session.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00133517Y/
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.


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