Re: Hal's oily roundup
Posted: March 28th, 2022, 11:12 am
Bit of spring-cleaning at the boards of Coro and Indus, don't know what the story is there.
Today 10:22 Scirocco Energy PLC (SCIR)
Notification Of Major Holdings
https://www.investegate.co.uk/scirocco- ... 22262243G/
On 22-Mar-2022, Spreadex LTD reduced from 3.19% to 2.998%.
Today 09:34 Hunting PLC (HTG)
Holding(s) in Company
https://www.investegate.co.uk/hunting-p ... 34432154G/
On 24-Mar-2022, JPMorgan Asset Management Holdings went from below minimum threshold to 5.179086%.
Today 08:01 Empyrean Energy PLC (EME)
Partial Conversion of Convertible Note
https://www.investegate.co.uk/empyrean- ... 01142043G/
it has received a conversion notice to issue 18,750,000 Ordinary Shares ("Shares") at a conversion price of 8p per Share under the existing Convertible Loan Note Agreement as announced on 16 December 2021 ('Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Note by £1,500,000.
Today 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30051351G/
The Company announces that on 25 March 2022, its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted share awards over ordinary shares of £0.05 each in the Company ("Shares") as follows: 1. ...
Today 07:00 Eco (Atlantic) O&G (ECO)
TSXV Approval for Closing of Azinam Acquisition
https://www.investegate.co.uk/eco--atla ... 00081511G/
it and Azinam Holdings Limited ("Azinam Holdings") have now received final approval from the TSX Venture Exchange (the "Exchange") (the "Approval") for Eco's acquisition (through a wholly-owned subsidiary) of Azinam Group Limited ("Azinam") (the "Acquisition"), and accordingly Eco is now the sole owner of Azinam and will now issue 22,296,300 new Common Shares in Eco ("Common Shares") to Azinam Holdings representing 9.9% of the Enlarged Share Capital detailed below (the "First Tranche"), with the issuance of the remaining 17,874,174 Common Shares (the "Second Tranche"), subject only to Exchange clearance of the Personal Information Forms ("PIFs") of Azinam Holdings' Directors, which is expected to be received this week.
Today 07:00 Nostra Terra O&G Co (NTOG)
Senior Facility Expansion and asset value increase
https://www.investegate.co.uk/nostra-te ... 00081509G/
Borrowing Base Increase to $3,350,000 (from $2,350,000), up 43% increase from 1 September 2021
· Interest Rate: 4.40% (no change)
· 2,148,090 gross barrels oil (1,073,960 net barrels oil) proven reserves, a 10% increase from 1 September 2021
· Future Net Income: $32,426,450 (total proved), a 37% increase from 1 September 2021
· NPV10: $14,632,340 (total proved), a 39% increase from 1 September 2021
Today 07:00 Quadrise Fuels Intnl (QFI)
Interim Results
https://www.investegate.co.uk/quadrise- ... 00071476G/
· £5.6 million in cash reserves at 31 December 2021 (31 December 2020: 1.1 million), sufficient to reach revenue generation in H2 2022 subject to the conclusion of commercial project agreements.
· Loss after tax of 1.5 million (2020: 2.3 million). This includes production and development costs of 0.7 million (2020: £0.6 million) and administration expenses of £0.7 million (2020: £0.8 million).
Testing of bioMSAR™ at Aquafuel and at the VTT facility in Finland has shown that bioMSAR™ use results in an increase in engine efficiency of over 3% and nitrogen oxide ("NOx") reductions of over 20% when compared with marine diesel fuel.
· By advancing injection timing at Aquafuel, engine efficiency was subsequently increased by over 13%, thereby further reducing fuel consumption and carbon dioxide ("CO 2 ") emissions without increases in NOx emissions compared to diesel.
· Assuming a positive conclusion to these discussions, trial preparations are expected to commence in Q2 2022, with the trials themselves commencing before the end of calendar year 2022 and expected to take approximately nine months to conclude thereafter.
Today 07:00 China Pet &Chem Corp (SNP)
Annual Financial Report-1
https://www.investegate.co.uk/china-pet ... 00061488G/
Operating results for 2021 achieved a 10-year record high. Over the past year, the Company has taken full advantage of its integrated businesses, made every effort to optimize operations, expanded sales and markets, and reduced costs and expenses, resulting in a substantial increase in operating performance. In accordance with International Financial Reporting Standards, our revenue increased by 30.2% from the previous year to RMB2.74 trillion, operating profit increased by 592.3% to RMB94.628 billion, and profits attributable to shareholders of the Company increased by 115.2% to RMB71.975 billion. Net cash flow from operating activities amounted to RMB225.174 billion, reaching a historical high. The ratio of liabilities to assets at the end of the year was 51.56%, representing a solid financial position. In view of the Company's profitability, shareholder return, and future development needs, the Board of Directors recommended the payment of a final dividend of RMB0.31 per share. Taking into account the interim dividend of RMB0.16 per share, the total dividend for the year was RMB0.47 per share, with a dividend payout ratio of 80%....The Company's production of oil and gas equivalent reached 479.74 million barrels [1.314 MMboepd] including 249.60 million barrels of domestic crude which kept flat year on year, and 1,199.4 billion cubic feet of natural gas which increased by 11.9% year on year.
Today 07:00 TransGlobe Energy (TGL)
CHANGES TO THE BOARD OF DIRECTORS
https://www.investegate.co.uk/transglob ... 00091516G/
As part of the Board succession plan and following the appointment of Ms. Jennifer Kaufield to TransGlobe's Board of Directors in January 2022, Mr. Steven Sinclair chose to retire from the Board effective March 25, 2022. Ms. Kaufield has assumed the role of Audit Committee Chair and the Audit Committee will consist of Ms. Jennifer Kaufield, Mr. Edward LaFehr, and Mr. Ross Clarkson.
Today 07:00 Touchstone Explrtn. (TXP)
YEAR-END 2021 RESULTS
https://www.investegate.co.uk/touchston ... 00071482G/
· Achieved quarterly average production volumes of 1,336 barrels per day ("bbls/d"), representing a 5 percent increase from 1,274 bbls/d produced in the fourth quarter of 2020.
· Realized petroleum sales of $8,212,000 from an average crude oil price of $66.81 per barrel compared to petroleum sales of $7,650,000 from average realized pricing of $62.37 per barrel in the third quarter of 2021.
· Generated an operating netback of $29.96 per barrel, an 8 percent increase from the third quarter of 2021 and a 116 percent increase from the $13.90 per barrel in the fourth quarter of 2020.
· Our funds flow from operations improved to $1,291,000 in the quarter compared to funds flow used in operations of $736,000 in the fourth quarter of 2020.
· Reported net earnings of $6,514,000 ($0.03 per basic and diluted share) compared to net earnings of $1,655,000 ($0.01 per basic and diluted share) in the same period of 2020. Net earnings in the fourth quarter included net impairment reversals of $13,716,000, partially offset by associated deferred income tax expenses of $7,226,000.
Barring any significant delays, we forecast that our year-end 2021 liquidity position provides the funding required to meet our near-term focus of commencing production at Coho and Cascadura. By the end of the year, we expect to develop into a sustainable cash flow generating production-based company with strong exploration prospects."
Today 07:00 Union Jack Oil PLC (UJO)
US$4 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00071412G/
is pleased to announce that material landmark net revenues of US$4 million have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin....
As at 25 March 2022, the Company`s cash balances and short term receivables stand at in-excess of £6.6 million
· Early settlement of £2,083,000 has been paid made to Calmar LP in respect of deferred consideration on acquisition of 25% interests in PEDL180 and PEDL182 containing the Wressle development
· The Company is covered for all operational and CAPEX costs, including any envisaged drilling, for the foreseeable future
Today 07:00 Wentworth Resources (WEN)
Notice of Results and Investor Presentation
https://www.investegate.co.uk/wentworth ... 00090935G/
("Wentworth" or the "Company") Notice of Full Year 2021 Results and Investor Presentation Wentworth Resources (AIM: WEN), the independent, Tanzania-focused natural gas production company, is pleased to announce that its Full Year Results for the year ending 31 December 2021 will be published on Wednesday 6 April 2022.
Today 07:00 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 00081528G/
Today 07:00 TotalEnergies SE (TTE)
Annual Financial Report
https://www.investegate.co.uk/totalener ... 0000Z4701/
The Document d’enregistrement universel of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) for the year 2021 was filed with the French Financial Markets Authority (Autorité des marchés financiers) on March 25, 2022. It can be consulted and downloaded from the Company’s website (totalenergies.com, under the heading Investors / Publications and regulated information / Reports and Publications). The English translation of the Document d’enregistrement universel (Universal Registration Document) is also available on the Company’s website under the same heading.
Today 07:00 SDX Energy PLC (SDX)
ANNUAL REPORT AND ACCOUNTS
https://www.investegate.co.uk/sdx-energ ... 00091540G/
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, announces that electronic copies of the Company's Annual Report and Accounts for the year ended 31 December 2021 (the '2021 Report') have been published in the Investors section of the Company's website at http://www.sdxenergygroup.com .
Today 07:00 China Pet &Chem Corp (SNP)
Annual Financial Report-2
https://www.investegate.co.uk/china-pet ... 00111489G/
REPORT OF THE PRC AUDITOR
Today 07:00 United Oil & Gas PLC (UOG)
Commencement of Production from the ASD-2 well
https://www.investegate.co.uk/united-oi ... 00091558G/
an update on the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt ... commenced production at an initial rate of c. 2,100 bopd gross (c.462 bopd net), significantly above pre-drill expectations
· An exceptionally short turnaround time of just six days from well completion to production and revenue generation for United
· A rig has been mobilised to drill the second well in the 2022 drilling programme. This is the ASV-1X exploration well which is expected to spud in the coming days
· A fifth firm well has been added to the fully funded 2022 drilling campaign following completion of technical work and a sustained high-oil price
Friday 16:35 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 35481280G/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +21.1% with a spike to +26%. Over the last 2 weeks it's been in the usual range.
Friday 16:35 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 35531281G/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's jumped +12.2% with a spike to +14%. Over the last 2 weeks it's been in the usual range.
Friday 15:40 Hurricane Energy PLC (HUR)
Aoka Mizu Charter Extension and Financial Update
https://www.investegate.co.uk/hurricane ... 40361161G/
it has signed a contract with Bluewater (Aoka Mizu) B.V. ("Bluewater"), the owner of the Aoka Mizu FPSO, for an extension to the Bareboat Charter beyond the current expiry date of 4 June 2022... The charter has been extended to cover the remaining economic life of the Lancaster field....the Company has negotiated with BP Oil International, the purchaser of its crude oil, a facility that will allow for cash to be advanced ahead of a lifting. This provides the ability to create more frequent cash receipts and assist with the Company's working capital. The facility incurs a financing fee that is only payable if the Company uses it....
With production continuing in line with our projections, good uptime performance on the FPSO and assuming oil prices are in the range $90-110/bbl, we believe that post clearing our bond debt and after funding the Bluewater secured deposit account, Hurricane will have between $50-80 million of net free cash at the end of July 2022.
Friday 15:22 Indus Gas Limited (INDI)
Directorate Change
https://www.investegate.co.uk/indus-gas ... 22531137G/
announces changes to the Board.
Jonathan Keeling will become Executive Chairman, having previously been an Executive Director.
Peter Cockburn will leave the board on Monday, 28 March 2022, having been on the board for nearly 9 years. Ajay Kalsi will relinquish his role as CEO and will also step down from the board but will remain an adviser to the Company.
Another high-calibre Board member has been identified and will join the Company upon completion of regulatory formalities, a further announcement of his appointment will be released in due course.
Friday 15:00 Vivo Energy (VVO)
Notice of AGM
https://www.investegate.co.uk/vivo-ener ... 00080331G/
the Park Plaza Victoria Hotel, 239 Vauxhall Bridge Road, Pimlico, London SW1V 1EQ, United Kingdom on Tuesday, 17 May 2022 at 2:00 p.m . We continue to closely monitor the impact of the COVID-19 outbreak in the United Kingdom and how it may affect the arrangements for this year's AGM.
Friday 14:38 Europa Oil & Gas (EOG)
Result of General Meeting
https://www.investegate.co.uk/europa-oi ... 38001110G/
at the General Meeting held earlier today, each of the resolutions ('Resolutions') set forth in the Notice convening the meeting ('Notice') were passed. All resolutions were passed on a show of hands. Details of the votes For and Against for each resolution are detailed in the table below:
Friday 14:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00061040G/
Grant of Awards under the Company's 2017 Long Term Incentive Plan ("2017 LTIP") Grant of Performance Share Awards On 24 March 2022, Performance Share Awards (the "Awards") were granted to the Executive Directors named below under the 2017 LTIP. The Awards have been granted in the form of contingent share awards over ordinary shares in the Company and the Awards will only vest if certain performance targets are met over a three-year performance period from 1 January 2022 to 31...
Friday 13:12 Capricorn Energy PLC (CNE)
Result of Meeting
https://www.investegate.co.uk/capricorn ... 12071013G/
Capricorn announces that at the General Meeting held earlier today, the resolutions set out in the Notice of General Meeting put to the General Meeting were passed by the requisite majorities. The resolutions put to the General Meeting were voted on by way of a poll and the results are set out in the table below.
Friday 13:00 Coro Energy PLC (CORO)
Result of Noteholder Meetings and Board Changes
https://www.investegate.co.uk/coro-ener ... 00101003G/
At the Noteholder Meeting in respect of the Tranche B Notes held earlier today voting instructions representing EUR 11.25m of the Tranche B Notes, being 100 per cent. of the Tranche B Notes in issue, were lodged by holders of the Tranche B Notes ("Tranche B Noteholders") with 100.0 per cent. of votes cast in favour of the Proposals. The Proposals were therefore approved by the necessary quorum at the Tranche B Noteholder Meeting....
The Tranche A Noteholder Meeting was therefore adjourned due to the meeting not reaching the necessary quorum and an adjourned Tranche A Noteholder Meeting, to consider the Proposals in unchanged form, will now be held at 10.00 a.m. on 11 April 2022 (the "Adjourned Tranche A Noteholder Meeting").
Stephen Birrell will be appointed as an independent non-executive director with immediate effect...
Fiona MacAulay will step down from the Board as a non-executive director with immediate effect and Andrew Dennan, non-executive director, has confirmed that he will not offer himself for re-election at the Company's AGM to be held in June 2022.
James Parsons, non-executive Chairman will transition to the role of Executive Chairman, also with immediate effect.
Friday 12:00 Energean PLC (ENOG)
Block Listing Application
https://www.investegate.co.uk/energean- ... 00080682G/
Friday 10:38 Tullow Oil PLC (TLW)
Annual Financial Report
https://www.investegate.co.uk/tullow-oi ... 38560666G/
The Company is also pleased to announce it has published its Sustainability Report and Climate Risk and Resilience Report, which are also available on the Company's website: http://www.tullowoil.com . It is anticipated that the Company's 2022 Annual General Meeting will take place on Wednesday 25 May 2022 and the Notice of Meeting will be sent out in due course.
Friday 10:19 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGSM on April 28 (29), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 19220656G/
In compliance with Company Law no. 31/1990, Law no. 24/2017 on Issuers of Financial Instruments and Market Operations and A.S.F. Regulation no. 5/2018 on Issuers of Financial Instruments and Market Operations, S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Ordinary General Meeting of Shareholders (OGSM) on April 28 (29), 2022.
Friday 10:16 Oilex Ltd (OEX)
Change in Substantial Holding
https://www.investegate.co.uk/oilex-ltd ... 16420655G/
Republic Investment Management cut from 14.31% to 13.30 - but why do we have to have a badly-scanned Aussie Form 604 rather than a parsable TR-1, grrrrr.
Brent=$116.52(March) WTI=$109.62(April,Brent-6.90) Nymex gas=$5.60(March)
NBP =246.41p(March,Nymex+26.78) TTF=€103.300(March,Nymex+27.68) JKM=$34.430(May,Nymex+28.83)
Today 10:22 Scirocco Energy PLC (SCIR)
Notification Of Major Holdings
https://www.investegate.co.uk/scirocco- ... 22262243G/
On 22-Mar-2022, Spreadex LTD reduced from 3.19% to 2.998%.
Today 09:34 Hunting PLC (HTG)
Holding(s) in Company
https://www.investegate.co.uk/hunting-p ... 34432154G/
On 24-Mar-2022, JPMorgan Asset Management Holdings went from below minimum threshold to 5.179086%.
Today 08:01 Empyrean Energy PLC (EME)
Partial Conversion of Convertible Note
https://www.investegate.co.uk/empyrean- ... 01142043G/
it has received a conversion notice to issue 18,750,000 Ordinary Shares ("Shares") at a conversion price of 8p per Share under the existing Convertible Loan Note Agreement as announced on 16 December 2021 ('Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Note by £1,500,000.
Today 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30051351G/
The Company announces that on 25 March 2022, its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted share awards over ordinary shares of £0.05 each in the Company ("Shares") as follows: 1. ...
Today 07:00 Eco (Atlantic) O&G (ECO)
TSXV Approval for Closing of Azinam Acquisition
https://www.investegate.co.uk/eco--atla ... 00081511G/
it and Azinam Holdings Limited ("Azinam Holdings") have now received final approval from the TSX Venture Exchange (the "Exchange") (the "Approval") for Eco's acquisition (through a wholly-owned subsidiary) of Azinam Group Limited ("Azinam") (the "Acquisition"), and accordingly Eco is now the sole owner of Azinam and will now issue 22,296,300 new Common Shares in Eco ("Common Shares") to Azinam Holdings representing 9.9% of the Enlarged Share Capital detailed below (the "First Tranche"), with the issuance of the remaining 17,874,174 Common Shares (the "Second Tranche"), subject only to Exchange clearance of the Personal Information Forms ("PIFs") of Azinam Holdings' Directors, which is expected to be received this week.
Today 07:00 Nostra Terra O&G Co (NTOG)
Senior Facility Expansion and asset value increase
https://www.investegate.co.uk/nostra-te ... 00081509G/
Borrowing Base Increase to $3,350,000 (from $2,350,000), up 43% increase from 1 September 2021
· Interest Rate: 4.40% (no change)
· 2,148,090 gross barrels oil (1,073,960 net barrels oil) proven reserves, a 10% increase from 1 September 2021
· Future Net Income: $32,426,450 (total proved), a 37% increase from 1 September 2021
· NPV10: $14,632,340 (total proved), a 39% increase from 1 September 2021
Today 07:00 Quadrise Fuels Intnl (QFI)
Interim Results
https://www.investegate.co.uk/quadrise- ... 00071476G/
· £5.6 million in cash reserves at 31 December 2021 (31 December 2020: 1.1 million), sufficient to reach revenue generation in H2 2022 subject to the conclusion of commercial project agreements.
· Loss after tax of 1.5 million (2020: 2.3 million). This includes production and development costs of 0.7 million (2020: £0.6 million) and administration expenses of £0.7 million (2020: £0.8 million).
Testing of bioMSAR™ at Aquafuel and at the VTT facility in Finland has shown that bioMSAR™ use results in an increase in engine efficiency of over 3% and nitrogen oxide ("NOx") reductions of over 20% when compared with marine diesel fuel.
· By advancing injection timing at Aquafuel, engine efficiency was subsequently increased by over 13%, thereby further reducing fuel consumption and carbon dioxide ("CO 2 ") emissions without increases in NOx emissions compared to diesel.
· Assuming a positive conclusion to these discussions, trial preparations are expected to commence in Q2 2022, with the trials themselves commencing before the end of calendar year 2022 and expected to take approximately nine months to conclude thereafter.
Today 07:00 China Pet &Chem Corp (SNP)
Annual Financial Report-1
https://www.investegate.co.uk/china-pet ... 00061488G/
Operating results for 2021 achieved a 10-year record high. Over the past year, the Company has taken full advantage of its integrated businesses, made every effort to optimize operations, expanded sales and markets, and reduced costs and expenses, resulting in a substantial increase in operating performance. In accordance with International Financial Reporting Standards, our revenue increased by 30.2% from the previous year to RMB2.74 trillion, operating profit increased by 592.3% to RMB94.628 billion, and profits attributable to shareholders of the Company increased by 115.2% to RMB71.975 billion. Net cash flow from operating activities amounted to RMB225.174 billion, reaching a historical high. The ratio of liabilities to assets at the end of the year was 51.56%, representing a solid financial position. In view of the Company's profitability, shareholder return, and future development needs, the Board of Directors recommended the payment of a final dividend of RMB0.31 per share. Taking into account the interim dividend of RMB0.16 per share, the total dividend for the year was RMB0.47 per share, with a dividend payout ratio of 80%....The Company's production of oil and gas equivalent reached 479.74 million barrels [1.314 MMboepd] including 249.60 million barrels of domestic crude which kept flat year on year, and 1,199.4 billion cubic feet of natural gas which increased by 11.9% year on year.
Today 07:00 TransGlobe Energy (TGL)
CHANGES TO THE BOARD OF DIRECTORS
https://www.investegate.co.uk/transglob ... 00091516G/
As part of the Board succession plan and following the appointment of Ms. Jennifer Kaufield to TransGlobe's Board of Directors in January 2022, Mr. Steven Sinclair chose to retire from the Board effective March 25, 2022. Ms. Kaufield has assumed the role of Audit Committee Chair and the Audit Committee will consist of Ms. Jennifer Kaufield, Mr. Edward LaFehr, and Mr. Ross Clarkson.
Today 07:00 Touchstone Explrtn. (TXP)
YEAR-END 2021 RESULTS
https://www.investegate.co.uk/touchston ... 00071482G/
· Achieved quarterly average production volumes of 1,336 barrels per day ("bbls/d"), representing a 5 percent increase from 1,274 bbls/d produced in the fourth quarter of 2020.
· Realized petroleum sales of $8,212,000 from an average crude oil price of $66.81 per barrel compared to petroleum sales of $7,650,000 from average realized pricing of $62.37 per barrel in the third quarter of 2021.
· Generated an operating netback of $29.96 per barrel, an 8 percent increase from the third quarter of 2021 and a 116 percent increase from the $13.90 per barrel in the fourth quarter of 2020.
· Our funds flow from operations improved to $1,291,000 in the quarter compared to funds flow used in operations of $736,000 in the fourth quarter of 2020.
· Reported net earnings of $6,514,000 ($0.03 per basic and diluted share) compared to net earnings of $1,655,000 ($0.01 per basic and diluted share) in the same period of 2020. Net earnings in the fourth quarter included net impairment reversals of $13,716,000, partially offset by associated deferred income tax expenses of $7,226,000.
Barring any significant delays, we forecast that our year-end 2021 liquidity position provides the funding required to meet our near-term focus of commencing production at Coho and Cascadura. By the end of the year, we expect to develop into a sustainable cash flow generating production-based company with strong exploration prospects."
Today 07:00 Union Jack Oil PLC (UJO)
US$4 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00071412G/
is pleased to announce that material landmark net revenues of US$4 million have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin....
As at 25 March 2022, the Company`s cash balances and short term receivables stand at in-excess of £6.6 million
· Early settlement of £2,083,000 has been paid made to Calmar LP in respect of deferred consideration on acquisition of 25% interests in PEDL180 and PEDL182 containing the Wressle development
· The Company is covered for all operational and CAPEX costs, including any envisaged drilling, for the foreseeable future
Today 07:00 Wentworth Resources (WEN)
Notice of Results and Investor Presentation
https://www.investegate.co.uk/wentworth ... 00090935G/
("Wentworth" or the "Company") Notice of Full Year 2021 Results and Investor Presentation Wentworth Resources (AIM: WEN), the independent, Tanzania-focused natural gas production company, is pleased to announce that its Full Year Results for the year ending 31 December 2021 will be published on Wednesday 6 April 2022.
Today 07:00 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 00081528G/
Today 07:00 TotalEnergies SE (TTE)
Annual Financial Report
https://www.investegate.co.uk/totalener ... 0000Z4701/
The Document d’enregistrement universel of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) for the year 2021 was filed with the French Financial Markets Authority (Autorité des marchés financiers) on March 25, 2022. It can be consulted and downloaded from the Company’s website (totalenergies.com, under the heading Investors / Publications and regulated information / Reports and Publications). The English translation of the Document d’enregistrement universel (Universal Registration Document) is also available on the Company’s website under the same heading.
Today 07:00 SDX Energy PLC (SDX)
ANNUAL REPORT AND ACCOUNTS
https://www.investegate.co.uk/sdx-energ ... 00091540G/
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, announces that electronic copies of the Company's Annual Report and Accounts for the year ended 31 December 2021 (the '2021 Report') have been published in the Investors section of the Company's website at http://www.sdxenergygroup.com .
Today 07:00 China Pet &Chem Corp (SNP)
Annual Financial Report-2
https://www.investegate.co.uk/china-pet ... 00111489G/
REPORT OF THE PRC AUDITOR
Today 07:00 United Oil & Gas PLC (UOG)
Commencement of Production from the ASD-2 well
https://www.investegate.co.uk/united-oi ... 00091558G/
an update on the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt ... commenced production at an initial rate of c. 2,100 bopd gross (c.462 bopd net), significantly above pre-drill expectations
· An exceptionally short turnaround time of just six days from well completion to production and revenue generation for United
· A rig has been mobilised to drill the second well in the 2022 drilling programme. This is the ASV-1X exploration well which is expected to spud in the coming days
· A fifth firm well has been added to the fully funded 2022 drilling campaign following completion of technical work and a sustained high-oil price
Friday 16:35 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 35481280G/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +21.1% with a spike to +26%. Over the last 2 weeks it's been in the usual range.
Friday 16:35 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 35531281G/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's jumped +12.2% with a spike to +14%. Over the last 2 weeks it's been in the usual range.
Friday 15:40 Hurricane Energy PLC (HUR)
Aoka Mizu Charter Extension and Financial Update
https://www.investegate.co.uk/hurricane ... 40361161G/
it has signed a contract with Bluewater (Aoka Mizu) B.V. ("Bluewater"), the owner of the Aoka Mizu FPSO, for an extension to the Bareboat Charter beyond the current expiry date of 4 June 2022... The charter has been extended to cover the remaining economic life of the Lancaster field....the Company has negotiated with BP Oil International, the purchaser of its crude oil, a facility that will allow for cash to be advanced ahead of a lifting. This provides the ability to create more frequent cash receipts and assist with the Company's working capital. The facility incurs a financing fee that is only payable if the Company uses it....
With production continuing in line with our projections, good uptime performance on the FPSO and assuming oil prices are in the range $90-110/bbl, we believe that post clearing our bond debt and after funding the Bluewater secured deposit account, Hurricane will have between $50-80 million of net free cash at the end of July 2022.
Friday 15:22 Indus Gas Limited (INDI)
Directorate Change
https://www.investegate.co.uk/indus-gas ... 22531137G/
announces changes to the Board.
Jonathan Keeling will become Executive Chairman, having previously been an Executive Director.
Peter Cockburn will leave the board on Monday, 28 March 2022, having been on the board for nearly 9 years. Ajay Kalsi will relinquish his role as CEO and will also step down from the board but will remain an adviser to the Company.
Another high-calibre Board member has been identified and will join the Company upon completion of regulatory formalities, a further announcement of his appointment will be released in due course.
Friday 15:00 Vivo Energy (VVO)
Notice of AGM
https://www.investegate.co.uk/vivo-ener ... 00080331G/
the Park Plaza Victoria Hotel, 239 Vauxhall Bridge Road, Pimlico, London SW1V 1EQ, United Kingdom on Tuesday, 17 May 2022 at 2:00 p.m . We continue to closely monitor the impact of the COVID-19 outbreak in the United Kingdom and how it may affect the arrangements for this year's AGM.
Friday 14:38 Europa Oil & Gas (EOG)
Result of General Meeting
https://www.investegate.co.uk/europa-oi ... 38001110G/
at the General Meeting held earlier today, each of the resolutions ('Resolutions') set forth in the Notice convening the meeting ('Notice') were passed. All resolutions were passed on a show of hands. Details of the votes For and Against for each resolution are detailed in the table below:
Friday 14:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00061040G/
Grant of Awards under the Company's 2017 Long Term Incentive Plan ("2017 LTIP") Grant of Performance Share Awards On 24 March 2022, Performance Share Awards (the "Awards") were granted to the Executive Directors named below under the 2017 LTIP. The Awards have been granted in the form of contingent share awards over ordinary shares in the Company and the Awards will only vest if certain performance targets are met over a three-year performance period from 1 January 2022 to 31...
Friday 13:12 Capricorn Energy PLC (CNE)
Result of Meeting
https://www.investegate.co.uk/capricorn ... 12071013G/
Capricorn announces that at the General Meeting held earlier today, the resolutions set out in the Notice of General Meeting put to the General Meeting were passed by the requisite majorities. The resolutions put to the General Meeting were voted on by way of a poll and the results are set out in the table below.
Friday 13:00 Coro Energy PLC (CORO)
Result of Noteholder Meetings and Board Changes
https://www.investegate.co.uk/coro-ener ... 00101003G/
At the Noteholder Meeting in respect of the Tranche B Notes held earlier today voting instructions representing EUR 11.25m of the Tranche B Notes, being 100 per cent. of the Tranche B Notes in issue, were lodged by holders of the Tranche B Notes ("Tranche B Noteholders") with 100.0 per cent. of votes cast in favour of the Proposals. The Proposals were therefore approved by the necessary quorum at the Tranche B Noteholder Meeting....
The Tranche A Noteholder Meeting was therefore adjourned due to the meeting not reaching the necessary quorum and an adjourned Tranche A Noteholder Meeting, to consider the Proposals in unchanged form, will now be held at 10.00 a.m. on 11 April 2022 (the "Adjourned Tranche A Noteholder Meeting").
Stephen Birrell will be appointed as an independent non-executive director with immediate effect...
Fiona MacAulay will step down from the Board as a non-executive director with immediate effect and Andrew Dennan, non-executive director, has confirmed that he will not offer himself for re-election at the Company's AGM to be held in June 2022.
James Parsons, non-executive Chairman will transition to the role of Executive Chairman, also with immediate effect.
Friday 12:00 Energean PLC (ENOG)
Block Listing Application
https://www.investegate.co.uk/energean- ... 00080682G/
Friday 10:38 Tullow Oil PLC (TLW)
Annual Financial Report
https://www.investegate.co.uk/tullow-oi ... 38560666G/
The Company is also pleased to announce it has published its Sustainability Report and Climate Risk and Resilience Report, which are also available on the Company's website: http://www.tullowoil.com . It is anticipated that the Company's 2022 Annual General Meeting will take place on Wednesday 25 May 2022 and the Notice of Meeting will be sent out in due course.
Friday 10:19 S.N.G.N. Romgaz S.A. (SNGR)
Notice of OGSM on April 28 (29), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 19220656G/
In compliance with Company Law no. 31/1990, Law no. 24/2017 on Issuers of Financial Instruments and Market Operations and A.S.F. Regulation no. 5/2018 on Issuers of Financial Instruments and Market Operations, S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Ordinary General Meeting of Shareholders (OGSM) on April 28 (29), 2022.
Friday 10:16 Oilex Ltd (OEX)
Change in Substantial Holding
https://www.investegate.co.uk/oilex-ltd ... 16420655G/
Republic Investment Management cut from 14.31% to 13.30 - but why do we have to have a badly-scanned Aussie Form 604 rather than a parsable TR-1, grrrrr.