Re: Hal's oily roundup
Posted: May 26th, 2022, 12:38 pm
Good results from PetroTal and Energean, Coro suspend Sillaro because of hot weather in Italy (!), Challenger finally sign their Namibia-equivalent in Uruguay, light warning from Petrofac
Today 07:22 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 22138999M/
They bought back 386,564 shares at 199.70p = £771,968.31
Today 07:00 PetroTal Corp. (PTAL)
Q1 2022 Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00088968M/
· Achieved record quarterly production of 11,746 barrels of oil per day ("bopd") and record quarterly sales of 15,518 bopd, up 60% and 80%, respectively, from Q1 2021, representing the Company's sixth straight quarter of growth, despite production being either constrained or completely shut down during six weeks of the quarter due to social protests;
· Completed well 10H on January 30, 2022, Peru's longest ever horizontal well, with an all-in cost of $11.5 million that averaged 10,500 bopd over its first ten days, accumulating 251,320 barrels in the month of February 2022, delivering a pay back of four weeks;
· Achieved a new daily Company production record of 21,000 bopd twice in the month of February 2022;
· Received Ministry approval for the Company's central processing facility ("CPF-2") to operate Bretana to its maximum capacity range of 24,000 to 26,000 bopd allowing the Company significant running room for development;
· Generated record net operating income ("NOI") and EBITDA(a) of $64.2 million and $58.7 million, respectively, more than tripling the equivalent amounts from Q1 2021;
· Generated record free cash flow(a) of $41.2 million before changes in non cash working capital and debt service, providing the Company with a liquidity buffer which allowed it to navigate the downtime experienced in March due to social unrest and repay $20 million of its long term debt, on April 1, 2022;
· Invested $17.5 million in capital expenditures, under budget by $18.5 million (50%) due to drilling delays from the March social protests. Of the $17.5 million invested, approximately 65% was related to drilling activities and the remainder mostly on infrastructure projects; and,
· On February 22, 2022, PetroTal announced a $120 million fully funded capital program that could potentially generate up to $230 million of free cash flow in 2022, allowing the Company the optionality to redeem the remaining $80 million in bonds early and implement its strategy of returning capital to shareholders in Q4 2022 or Q1 2023, subject to Board approval and economic viability.
Today 07:00 Energean PLC (ENOG)
Trading Statement & Operational Update
https://www.investegate.co.uk/energean- ... 00078387M/
· Revenues for the period were $170.7 million, an 80% increase versus Q1 2021 ($94.9 million)
· EBITDAX for the period was $89.6 million, a 172% increase versus Q1 2021 ($32.9 million)
· Group cash as of 31 March 2022 was $812.7 million (including restricted amounts of $135.6 million)
· Production in the four-months to 30 April 2022 was 36.1 kboed (73% gas)
o Within full-year guidance (excluding Israel) of 35-40 kboed
· First gas from Karish on track for Q3 2022, development was 93.2% complete and the FPSO 99.3% complete as at 30 April 2022
o The Energean Power FPSO has sailed-away from Singapore and is expected to arrive in Israel in early June
· Inaugural dividend policy announced
· Commercial discovery made by the Athena exploration well, containing recoverable gas volumes of 8 bcm (283 bcf / 51 mmboe) on a standalone basis.
o Discovery de-risks an additional 50 bcm (1.8 tcf / 321 mmboe) of mean unrisked prospective resources across Energean's Olympus Area (total 58 bcm / 372 mmboe including Athena).
The KN-01 exploration well will be re-entered, side-tracked and completed as a production well as part of the Israel growth drilling campaign, expected during the summer 2022,
In May 2022, the Stena IceMAX re-spudded the Karish Main-04 exploration and appraisal well
Today 07:00 Energean PLC (ENOG)
Change of AGM venue and time
https://www.investegate.co.uk/energean- ... 00118420M/
the Board is of the view that it is impracticable for a reason beyond the Company's control, to hold the meeting at the declared place and time, therefore the AGM will now be held at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW on Thursday 26 May 2022 at 9 a.m. (BST). [9am AGMs, boo]
Today 07:00 Egdon Resources PLC (EDR)
Quarterly Financial Update and Loan Repayment
https://www.investegate.co.uk/egdon-res ... 00068302M/
· Revenue for the three-month period from February to April 2022 was £2.23 million (2021: £0.31 million and H1 2022: £2.55million).
· Revenue was primarily from the Wressle and Ceres fields, with average realised oil prices during the period February to April 2022 of $106.67 per barrel of oil ("bbl") (February to April 2021: $62.43/bbl) and averaged realised gas prices of 217p per therm ($149 per barrel of oil equivalent ("boe") (February to April 2021: 45p/therm ($44/boe)).
· On 25 May 2022 the £1 million commercial loan facility (the "Loan") was repaid to Union Jack Oil PLC along with accrued interest as per the agreed terms.
· Accounting for repayment of the Loan, on 1 May 2022 the Company held unaudited cash and cash equivalents of £2.73 million (31 January 2022: £2.08 million) and net current assets of £2.76 million (31 January 2022: £1.16 million).
"I am pleased to report that continuing strong production from Wressle and Ceres coupled with high oil and gas prices have translated into a robust year to date financial performance for Egdon. The material cash flow generated has been transformational, enabling the Company to become debt free and funded for all near-term commitments in parallel with considering further growth opportunities."
Today 07:00 Union Jack Oil PLC (UJO)
Repayment of £1m Loan by Egdon Resources plc
https://www.investegate.co.uk/union-jac ... 00068243M/
is pleased to announce that the £1,000,000 loan made to Egdon Resources plc by the Company, announced on 26 November 2020, has been repaid in full as per the agreement.
Today 07:00 Nostra Terra O&G Co (NTOG)
Q1 Production and Operations Update
https://www.investegate.co.uk/nostra-te ... 00078407M/
· 6% increase in Q1 Company revenue ($810,699 Q1-22 vs $767,000 Q4-21)
· 14% decrease in Q1 average net daily production (102 bopd Q1-22 vs 118 bopd Q4-21) and an increase of 21% vs H1 2021 average (84 bopd)
· 25% increase in Q1 oil sales price per bbl ($88.16 Q1-22 vs $70.46 Q4-21)
· Fouke 2 well at Pine Mills put into production, exceeding expectations (NTOG 32.5% Working Interest) (post-period)
· Current Company production is approx. 140 bopd (net), an increase of 37% over Q1-22
Today 07:00 Coro Energy PLC (CORO)
Italy Production Enhancement & Sillaro Production
https://www.investegate.co.uk/coro-ener ... 00088493M/
At Rapagnano, the slick line measurements are complete and management is encouraged by the results. Consequently, the Company intends to commission an independent competent persons' report to establish estimated resources in due course. The work to date supports the planned well work-over to reperforate the producing interval, which is scheduled for August 2022 and is expected to significantly enhance the well production performance. At Casa Tiberi, a slick line job is underway with a view to removing the downhole sediments that were obstructing the gas flow. The well will be shortly put back in production which is expected to be in line with historic levels. At Casa Tonetto, the slick line measurements have been completed and indicate very encouraging wellhead pressure and downhole gradient measurements, supporting the well re-opening to recover remaining gas reserves...restarting production during the summer at initial rates of up to 2,000 scm/d
Due to unexpectedly high temperatures in Italy over the last few days, gas production at Sillaro has seen an increase of moisture which is outside of the specification for the gas pipeline. The well has therefore been temporarily suspended
Today 07:00 Petrofac Limited (PFC)
AGM Statement
https://www.investegate.co.uk/petrofac- ... 0008EPXAL/
We are experiencing some near-term headwinds as we complete a number of EPC projects in our relatively small, mature portfolio, which will impact E&C’s 2022 performance. However, the outlook for order intake in E&C remains robust with a diverse and active bidding pipeline, giving us confidence that we will achieve our medium-term performance ambition. This includes achieving Group revenue of US$4-5 billion, including c.US$1 billion from new energies, with a sector leading 6-8% EBIT margin and a return to a net cash position....Overall, principally as a result of the E&C performance, the Group is now expected to have a modest free cash outflow for the year. [off 5%]
Today 07:00 SDX Energy PLC (SDX)
SPUDDING OF MA-1X EXPLORATION WELL
https://www.investegate.co.uk/sdx-energ ... 00068364M/
is pleased to announce the spudding of the MA-1X exploration well (SDX WI 67%), targeting the Mohsen prospect in the Exploration Extension Area of South Disouq. MA-1X spudded on 21 May 2022 and is expected to reach TD in approximately three weeks. The primary target is the basal Kafr El Sheikh sand at around 5,730 ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 21 Bcf and has a 45% chance of success.
Today 07:00 Challenger Energy (CEG)
Uruguay Licence Signing
https://www.investegate.co.uk/challenge ... 00098985M/
Following final approvals being granted by decree of the President of Uruguay, the AREA OFF-1 licence was formally signed on 25 May 2022. Consequently, the first 4-year exploration period under the licence has commenced....The AREA OFF-1 play system is directly analogous to the recent prolific, conjugate margin discoveries made offshore Namibia by Total (the Venus well) and Shell (the Graff well),
Today 07:00 Reabold Resources (RBD)
Completion of Equity Exchange Agreement
https://www.investegate.co.uk/reabold-r ... 00088475M/
pleased to announce that, further to the meeting of shareholders in Daybreak Oil and Gas Inc ("Daybreak"), which approved the Transaction, all conditions precedent have now been satisfied for the completion of the Equity Exchange Agreement, which was initially announced by the Company on 21 October 2021.
Yesterday 17:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0336H5658/
They bought back 3,953,000 shares at £23.843 = £94,252,626
Yesterday 16:56 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 56048241M/
They bought back 9,000,000 shares at 427.904p = £38,511,392.00
Yesterday 16:45 S.N.G.N. Romgaz S.A. (SNGR)
Appointment of Interim Non-executive Director
https://www.investegate.co.uk/s.n.g.n.- ... 45288231M/
appointed Mr. Virgil Marius METEA as interim non-executive director of S .N.G.N. Romgaz S.A.
Yesterday 16:36 Tullow Oil PLC (TLW)
Result of Annual General Meeting
https://www.investegate.co.uk/tullow-oi ... 36528186M/
at its Annual General Meeting held earlier today, all resolutions set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority, except for resolution 14 ["the Board of Directors of the Company be empowered to allot equity securities for cash and/or to sell ordinary shares held by the Company as treasury shares for cash."]
Yesterday 14:00 BP PLC (BP.)
BP appoints Goldman Sachs joint corporate broker
https://www.investegate.co.uk/bp-plc--b ... 00238057M/
it has appointed Goldman Sachs International to act as its joint corporate broker alongside UBS.
Yesterday 13:16 TotalEnergies SE (TTE)
TotalEnergies SE: Ordinary and Extraordinary Shareholders’ Meeting of May 25, 2022
https://www.investegate.co.uk/totalener ... 1600Z7601/
The Combined Shareholder’s Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 25, 2022, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions approved by the Board of Directors,
Yesterday 12:38 Edison Investment Research Lim (CNE)
Canacol Energy (CNE): Shift towards high-impact drilling
https://www.investegate.co.uk/edison-in ... 3804EXOPX/
ratio of 200% per year (on average). The company’s first test of the MMV will be the Pola-1 well spudding in Q322, targeting 470bcf of mean gross risked prospective resources. Success here would be transformational given that Canacol currently holds 607bcf of 2P reserves. We believe the share price does not reflect the exploration upside and value the company at C$6.29/share, more than double the current share price.
Yesterday 12:29 Egdon Resources PLC (EDR)
Exercise of warrants and total voting rights
https://www.investegate.co.uk/egdon-res ... 29597931M/
£10k of warrants exercised from July 2021
Yesterday 12:00 Petrol AD (74JJ)
Annual Financial Report
https://www.investegate.co.uk/petrol-ad ... 00127881M/
https://www.rns-pdf.londonstockexchange ... 2-5-25.pdf
Yesterday 11:16 PAO Novatek (NVTK)
NOVATEK Inaugurates New Laboratory Center
https://www.investegate.co.uk/pao-novat ... 16597799M/
it has inaugurated NOVATEK's Laboratory and Research Center in Tyumen that would significantly expand the Company's scientific and technical capabilities....
Brent=$114.93(May) WTI=$111.29(June,Brent-3.64) Nymex gas=$8.98(May)
NBP =142.35p(May,Nymex+8.98) TTF=€85.480(June,Nymex+17.87) JKM=$22.220(July,Nymex+13.24)
Today 07:22 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 22138999M/
They bought back 386,564 shares at 199.70p = £771,968.31
Today 07:00 PetroTal Corp. (PTAL)
Q1 2022 Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00088968M/
· Achieved record quarterly production of 11,746 barrels of oil per day ("bopd") and record quarterly sales of 15,518 bopd, up 60% and 80%, respectively, from Q1 2021, representing the Company's sixth straight quarter of growth, despite production being either constrained or completely shut down during six weeks of the quarter due to social protests;
· Completed well 10H on January 30, 2022, Peru's longest ever horizontal well, with an all-in cost of $11.5 million that averaged 10,500 bopd over its first ten days, accumulating 251,320 barrels in the month of February 2022, delivering a pay back of four weeks;
· Achieved a new daily Company production record of 21,000 bopd twice in the month of February 2022;
· Received Ministry approval for the Company's central processing facility ("CPF-2") to operate Bretana to its maximum capacity range of 24,000 to 26,000 bopd allowing the Company significant running room for development;
· Generated record net operating income ("NOI") and EBITDA(a) of $64.2 million and $58.7 million, respectively, more than tripling the equivalent amounts from Q1 2021;
· Generated record free cash flow(a) of $41.2 million before changes in non cash working capital and debt service, providing the Company with a liquidity buffer which allowed it to navigate the downtime experienced in March due to social unrest and repay $20 million of its long term debt, on April 1, 2022;
· Invested $17.5 million in capital expenditures, under budget by $18.5 million (50%) due to drilling delays from the March social protests. Of the $17.5 million invested, approximately 65% was related to drilling activities and the remainder mostly on infrastructure projects; and,
· On February 22, 2022, PetroTal announced a $120 million fully funded capital program that could potentially generate up to $230 million of free cash flow in 2022, allowing the Company the optionality to redeem the remaining $80 million in bonds early and implement its strategy of returning capital to shareholders in Q4 2022 or Q1 2023, subject to Board approval and economic viability.
Today 07:00 Energean PLC (ENOG)
Trading Statement & Operational Update
https://www.investegate.co.uk/energean- ... 00078387M/
· Revenues for the period were $170.7 million, an 80% increase versus Q1 2021 ($94.9 million)
· EBITDAX for the period was $89.6 million, a 172% increase versus Q1 2021 ($32.9 million)
· Group cash as of 31 March 2022 was $812.7 million (including restricted amounts of $135.6 million)
· Production in the four-months to 30 April 2022 was 36.1 kboed (73% gas)
o Within full-year guidance (excluding Israel) of 35-40 kboed
· First gas from Karish on track for Q3 2022, development was 93.2% complete and the FPSO 99.3% complete as at 30 April 2022
o The Energean Power FPSO has sailed-away from Singapore and is expected to arrive in Israel in early June
· Inaugural dividend policy announced
· Commercial discovery made by the Athena exploration well, containing recoverable gas volumes of 8 bcm (283 bcf / 51 mmboe) on a standalone basis.
o Discovery de-risks an additional 50 bcm (1.8 tcf / 321 mmboe) of mean unrisked prospective resources across Energean's Olympus Area (total 58 bcm / 372 mmboe including Athena).
The KN-01 exploration well will be re-entered, side-tracked and completed as a production well as part of the Israel growth drilling campaign, expected during the summer 2022,
In May 2022, the Stena IceMAX re-spudded the Karish Main-04 exploration and appraisal well
Today 07:00 Energean PLC (ENOG)
Change of AGM venue and time
https://www.investegate.co.uk/energean- ... 00118420M/
the Board is of the view that it is impracticable for a reason beyond the Company's control, to hold the meeting at the declared place and time, therefore the AGM will now be held at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW on Thursday 26 May 2022 at 9 a.m. (BST). [9am AGMs, boo]
Today 07:00 Egdon Resources PLC (EDR)
Quarterly Financial Update and Loan Repayment
https://www.investegate.co.uk/egdon-res ... 00068302M/
· Revenue for the three-month period from February to April 2022 was £2.23 million (2021: £0.31 million and H1 2022: £2.55million).
· Revenue was primarily from the Wressle and Ceres fields, with average realised oil prices during the period February to April 2022 of $106.67 per barrel of oil ("bbl") (February to April 2021: $62.43/bbl) and averaged realised gas prices of 217p per therm ($149 per barrel of oil equivalent ("boe") (February to April 2021: 45p/therm ($44/boe)).
· On 25 May 2022 the £1 million commercial loan facility (the "Loan") was repaid to Union Jack Oil PLC along with accrued interest as per the agreed terms.
· Accounting for repayment of the Loan, on 1 May 2022 the Company held unaudited cash and cash equivalents of £2.73 million (31 January 2022: £2.08 million) and net current assets of £2.76 million (31 January 2022: £1.16 million).
"I am pleased to report that continuing strong production from Wressle and Ceres coupled with high oil and gas prices have translated into a robust year to date financial performance for Egdon. The material cash flow generated has been transformational, enabling the Company to become debt free and funded for all near-term commitments in parallel with considering further growth opportunities."
Today 07:00 Union Jack Oil PLC (UJO)
Repayment of £1m Loan by Egdon Resources plc
https://www.investegate.co.uk/union-jac ... 00068243M/
is pleased to announce that the £1,000,000 loan made to Egdon Resources plc by the Company, announced on 26 November 2020, has been repaid in full as per the agreement.
Today 07:00 Nostra Terra O&G Co (NTOG)
Q1 Production and Operations Update
https://www.investegate.co.uk/nostra-te ... 00078407M/
· 6% increase in Q1 Company revenue ($810,699 Q1-22 vs $767,000 Q4-21)
· 14% decrease in Q1 average net daily production (102 bopd Q1-22 vs 118 bopd Q4-21) and an increase of 21% vs H1 2021 average (84 bopd)
· 25% increase in Q1 oil sales price per bbl ($88.16 Q1-22 vs $70.46 Q4-21)
· Fouke 2 well at Pine Mills put into production, exceeding expectations (NTOG 32.5% Working Interest) (post-period)
· Current Company production is approx. 140 bopd (net), an increase of 37% over Q1-22
Today 07:00 Coro Energy PLC (CORO)
Italy Production Enhancement & Sillaro Production
https://www.investegate.co.uk/coro-ener ... 00088493M/
At Rapagnano, the slick line measurements are complete and management is encouraged by the results. Consequently, the Company intends to commission an independent competent persons' report to establish estimated resources in due course. The work to date supports the planned well work-over to reperforate the producing interval, which is scheduled for August 2022 and is expected to significantly enhance the well production performance. At Casa Tiberi, a slick line job is underway with a view to removing the downhole sediments that were obstructing the gas flow. The well will be shortly put back in production which is expected to be in line with historic levels. At Casa Tonetto, the slick line measurements have been completed and indicate very encouraging wellhead pressure and downhole gradient measurements, supporting the well re-opening to recover remaining gas reserves...restarting production during the summer at initial rates of up to 2,000 scm/d
Due to unexpectedly high temperatures in Italy over the last few days, gas production at Sillaro has seen an increase of moisture which is outside of the specification for the gas pipeline. The well has therefore been temporarily suspended
Today 07:00 Petrofac Limited (PFC)
AGM Statement
https://www.investegate.co.uk/petrofac- ... 0008EPXAL/
We are experiencing some near-term headwinds as we complete a number of EPC projects in our relatively small, mature portfolio, which will impact E&C’s 2022 performance. However, the outlook for order intake in E&C remains robust with a diverse and active bidding pipeline, giving us confidence that we will achieve our medium-term performance ambition. This includes achieving Group revenue of US$4-5 billion, including c.US$1 billion from new energies, with a sector leading 6-8% EBIT margin and a return to a net cash position....Overall, principally as a result of the E&C performance, the Group is now expected to have a modest free cash outflow for the year. [off 5%]
Today 07:00 SDX Energy PLC (SDX)
SPUDDING OF MA-1X EXPLORATION WELL
https://www.investegate.co.uk/sdx-energ ... 00068364M/
is pleased to announce the spudding of the MA-1X exploration well (SDX WI 67%), targeting the Mohsen prospect in the Exploration Extension Area of South Disouq. MA-1X spudded on 21 May 2022 and is expected to reach TD in approximately three weeks. The primary target is the basal Kafr El Sheikh sand at around 5,730 ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 21 Bcf and has a 45% chance of success.
Today 07:00 Challenger Energy (CEG)
Uruguay Licence Signing
https://www.investegate.co.uk/challenge ... 00098985M/
Following final approvals being granted by decree of the President of Uruguay, the AREA OFF-1 licence was formally signed on 25 May 2022. Consequently, the first 4-year exploration period under the licence has commenced....The AREA OFF-1 play system is directly analogous to the recent prolific, conjugate margin discoveries made offshore Namibia by Total (the Venus well) and Shell (the Graff well),
Today 07:00 Reabold Resources (RBD)
Completion of Equity Exchange Agreement
https://www.investegate.co.uk/reabold-r ... 00088475M/
pleased to announce that, further to the meeting of shareholders in Daybreak Oil and Gas Inc ("Daybreak"), which approved the Transaction, all conditions precedent have now been satisfied for the completion of the Equity Exchange Agreement, which was initially announced by the Company on 21 October 2021.
Yesterday 17:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0336H5658/
They bought back 3,953,000 shares at £23.843 = £94,252,626
Yesterday 16:56 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 56048241M/
They bought back 9,000,000 shares at 427.904p = £38,511,392.00
Yesterday 16:45 S.N.G.N. Romgaz S.A. (SNGR)
Appointment of Interim Non-executive Director
https://www.investegate.co.uk/s.n.g.n.- ... 45288231M/
appointed Mr. Virgil Marius METEA as interim non-executive director of S .N.G.N. Romgaz S.A.
Yesterday 16:36 Tullow Oil PLC (TLW)
Result of Annual General Meeting
https://www.investegate.co.uk/tullow-oi ... 36528186M/
at its Annual General Meeting held earlier today, all resolutions set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority, except for resolution 14 ["the Board of Directors of the Company be empowered to allot equity securities for cash and/or to sell ordinary shares held by the Company as treasury shares for cash."]
Yesterday 14:00 BP PLC (BP.)
BP appoints Goldman Sachs joint corporate broker
https://www.investegate.co.uk/bp-plc--b ... 00238057M/
it has appointed Goldman Sachs International to act as its joint corporate broker alongside UBS.
Yesterday 13:16 TotalEnergies SE (TTE)
TotalEnergies SE: Ordinary and Extraordinary Shareholders’ Meeting of May 25, 2022
https://www.investegate.co.uk/totalener ... 1600Z7601/
The Combined Shareholder’s Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 25, 2022, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions approved by the Board of Directors,
Yesterday 12:38 Edison Investment Research Lim (CNE)
Canacol Energy (CNE): Shift towards high-impact drilling
https://www.investegate.co.uk/edison-in ... 3804EXOPX/
ratio of 200% per year (on average). The company’s first test of the MMV will be the Pola-1 well spudding in Q322, targeting 470bcf of mean gross risked prospective resources. Success here would be transformational given that Canacol currently holds 607bcf of 2P reserves. We believe the share price does not reflect the exploration upside and value the company at C$6.29/share, more than double the current share price.
Yesterday 12:29 Egdon Resources PLC (EDR)
Exercise of warrants and total voting rights
https://www.investegate.co.uk/egdon-res ... 29597931M/
£10k of warrants exercised from July 2021
Yesterday 12:00 Petrol AD (74JJ)
Annual Financial Report
https://www.investegate.co.uk/petrol-ad ... 00127881M/
https://www.rns-pdf.londonstockexchange ... 2-5-25.pdf
Yesterday 11:16 PAO Novatek (NVTK)
NOVATEK Inaugurates New Laboratory Center
https://www.investegate.co.uk/pao-novat ... 16597799M/
it has inaugurated NOVATEK's Laboratory and Research Center in Tyumen that would significantly expand the Company's scientific and technical capabilities....