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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 2675
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#489723

Postby Hallucigenia » 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.

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.

Hallucigenia
Lemon Quarter
Posts: 2675
Joined: November 5th, 2016, 3:03 am
Has thanked: 170 times
Been thanked: 1758 times

Re: Hal's oily roundup

#489973

Postby Hallucigenia » March 29th, 2022, 10:59 am

Savannah - "focused around the delivery of Projects that Matter in Africa", dear me.

Brent=$113.97(March)              WTI=$106.91(April,Brent-7.06)   Nymex gas=$5.40(March)   
NBP =272.00p(March,Nymex+30.12) TTF=€113.990(March,Nymex+31.29) JKM=$33.970(May,Nymex+28.57)

Today 09:04 Europa Oil & Gas (EOG)
Notification of major holdings
https://www.investegate.co.uk/europa-oi ... 04163720G/
On 28/03/2022, Pershing Securities Limited holding via BGF Investment Management Limited (a/c BGF Investments LP) reduce from 11.769% to 6.970%.

Today 08:15 Lamprell plc (LAM)
Delay of financial results to progress options
https://www.investegate.co.uk/lamprell- ... 15133701G/
Lamprell plc announces that publication of results for the year ended 31 December 2021 will be delayed in order for the Board to continue progressing potential financing and strategic options. Separately, the Group has received an early-stage proposal for a potential sale of a majority stake in its Oil & Gas business and has entered preliminary discussions with an interested party. As previously announced, the Group is progressing a financing strategy which may include additional equity, monetising assets, project specific financing, including small working capital facilities with Saudi banks, and hybrid facilities with a view to concluding these options in Q2 2022.

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00093111G/
Since Blythe and Elgood were brought onstream on 13 and 15 March respectively, reservoir performance has been within range of the Company's expectations based on the data from the initial clean-up flow tests from 2021. Over the past week, the Elgood well has flowed continuously at a stable rate in excess of 50 mmscf/d. Blythe has also flowed at rates in excess of 40 mmscf/d. These initial indications are not intended as production guidance....Currently, a chemical injection fault has necessitated the Blythe well to be temporarily shut in. The solution is planned to be implemented this week, enabling Blythe to resume production immediately thereafter. This issue is not affecting Elgood production which has continued in the meantime....return of the rig to the Southwark field location is targeted for next week with a view to a safe resumption of drilling by mid-April. First Gas from Southwark is now expected to be in Q4 2022.

Today 07:00 Savannah Energy Plc (SAVE)
Agreement signed for Niger's first wind farm
https://www.investegate.co.uk/savannah- ... 00103625G/
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce its inaugural renewable energy project, having signed an agreement ("the Agreement") yesterday with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger for the construction and operation of the country's first wind farm, with a proposed installed power generation capacity of up to 250 megawatts ("MW") on an independent power producer ("IPP") basis in the Tahoua Region of Southern Niger(the "Project").

Today 07:00 Westmount Energy Ld (WTE)
Interim Results
https://www.investegate.co.uk/westmount ... 00052963G/
[Lots of waffle about what's happening in and around Guyana which is a useful overview, to distract from the near-£7m writedown of assets] As of 31 December 2021, Westmount had a cash balance of £1.1M and is debt free. [but have been buying back since then]...The proposed 'all paper' acquisition of JHI by EOG, announced on 14 March 2022, offers a consideration to JHI shareholders of 1.1994 new common shares in EOG for each JHI share held, which would lead, upon completion, to JHI shareholders holding approximately 34% of the enlarged issued share capital of EOG.

Today 07:00 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 00062983G/

Today 07:00 Diversified Energy (DEC)
Investor Presentation
https://www.investegate.co.uk/diversifi ... 00103624G/
Diversified Energy Company PLC (LSE: DEC) announces that Investor Meet Company will host a webcast on 31 March 2022 at 2:00pm BST(8:00am CDT) with CEO Rusty Hutson Jr. and CFO Eric Williams to discuss the Company's 2021 Final Results and current business.

Today 07:00 Union Jack Oil PLC (UJO)
Gaffney Cline Report Update
https://www.investegate.co.uk/union-jac ... 00063003G/
is pleased to provide an update on the Gaffney Cline report in respect of the Wressle hydrocarbon development, 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 the Wressle development....the decision was made to expand the scope of work from a CPR to a wider Reserves and Resources Report...Wressle continues to outperform over and above original prognosis and expectations.

Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z5701/
Another €175m

Yesterday 16:08 S.N.G.N. Romgaz S.A. (SNGR)
2021 Dividend proposal
https://www.investegate.co.uk/s.n.g.n.- ... 08182862G/
Proposal for gross dividend per share of RON 3.80 out of which RON 3.62/share related to 2021 profit and RON 0.18/share related to retained earnings

Yesterday 14:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00392679G/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's up +8% with a spike to +14%. Over the last 2 weeks it's been in the usual range.

Hallucigenia
Lemon Quarter
Posts: 2675
Joined: November 5th, 2016, 3:03 am
Has thanked: 170 times
Been thanked: 1758 times

Re: Hal's oily roundup

#490271

Postby Hallucigenia » March 30th, 2022, 11:03 am

88 Energy get a kicking for the duster at Merlin-2. Good to see Coro and Cadogan resuming production - and more importantly that all Cadogan's people are safe. Lukoil situation not ideal for Bowleven though, EnQuest refinance at 9% from 7%, GKP still making lots of money if they can get paid.

Brent=$112.54(March)              WTI=$107.03(April,Brent-5.51)   Nymex gas=$5.40(April)   
NBP =298.38p(March,Nymex+33.84) TTF=€123.500(March,Nymex+35.00) JKM=$33.875(May,Nymex+28.48)

Today 09:39 S.N.G.N. Romgaz S.A. (SNGR)
Loan Agreement art. 234 (i) Reg. 5 2018-Raiffeisen
https://www.investegate.co.uk/s.n.g.n.- ... 39215740G/
Today, March 30, 2022, S.N.G.N. ROMGAZ S.A. (as borrower) and Raiffeisen Bank S.A. (as lender), signed the Bank Loan Agreement no.37843/March 30, 2022 in amount of EUR325 million as well as the related binding terms and conditions in order to finance part of the acquisition price of all shares issued by (representing 100% of the share capital of) Exxon Mobil Exploration and Production Romania Limited.

Today 09:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00205697G/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's jumped +34.8% with a spike to +40%. Over the last 2 weeks it's dropped -57.6% having touched -67%.
Miaow.

Today 08:16 Empyrean Energy PLC (EME)
Block 29/11, China - Jade well update
https://www.investegate.co.uk/empyrean- ... 16395669G/
Following handover of the rig, safety inspections have been carried out and the NH9 rig is now cleared to move to the Jade well location pending suitable safe sea conditions. The NH9 rig has been used to drill a well for CNOOC immediately preceding mobilisation to Jade. The NH9 rig is still on location at the CNOOC well.
COSL will provide a new anticipated spud date once sea conditions improve and operations can re-commence. Safety protocols require sea conditions to be a 6 or less on the Beaufort Scale for towing and anchoring operations expected to take 4 days in total.

Today 07:00 Touchstone Explrtn. (TXP)
INVESTOR PRESENTATION
https://www.investegate.co.uk/touchston ... 00064752G/
President and CEO, Paul Baay, COO, James Shipka, CFO, Scott Budau and the Touchstone team will provide an Investor Update presentation and Q&A via the Investor Meet Company platform on Thursday, 31 March 2022 at 1:00pm BST. The presentation is open to all existing and potential shareholders.

Today 07:00 Arrow Exploration (AXL)
2021 YEAR-END RESERVES
https://www.investegate.co.uk/arrow-exp ... 00044725G/
PDP reserves increased 152% to 1.0 MMboe on the back of the recent tie-in at West Pepper; PDP reserves represent 34% of 1P reserves, reflecting an attractive ratio of base production to low-risk drilling targets Before tax NPV-10 per share of US$0.14/share, US$0.39/share, and US$0.63/share for 1P, 2P, and 3P reserve categories, respectively

Today 07:00 EnQuest PLC (ENQ)
Launch of exchange offer
https://www.investegate.co.uk/enquest-p ... 00054754G/
announces today an invitation (the "ExchangeOffer") to holders of the £190,534,573 7.00 per cent. Extendable PIK Toggle Notes originally due 15 February 2022, as extended to 15 October 2023, issued by EnQuest PLC (the "ExistingNotes") to exchange their Existing Notes for new Sterling denominated 9.00 per cent. notes due 27 October 2027 (the "New Notes") to be issued by the Company

Today 07:00 EnQuest PLC (ENQ)
Prospectus publication and launch of retail notes
https://www.investegate.co.uk/enquest-p ... 00064753G/
announces today a proposed issue of Sterling denominated 9.00% Fixed Rate Notes due 27 October 2027 to be issued by the Company...The Notes will bear interest at a fixed rate of 9.00% per annum, payable semi-annually in arrear in two equal instalments of £0.045 per £1 in principal amount of the Notes on 27 April and 27 October in each year, with the first such payment being made on 27 October 2022, and are expected to be redeemed (subject to the Company's right to redeem the Notes prior to maturity in accordance with their terms and conditions) at 100% of their principal value on the maturity date, which is expected to fall on 27 October 2027.

Today 07:00 Global Petroleum Ltd (GBP)
Interim Financial Report
https://www.investegate.co.uk/global-pe ... 00034549G/
· Ongoing technical work has successfully mapped the Barremian-Aptian source rock from previous drilling in the Walvis Basin, offshore Namibia, into the Company's PEL0094 licence area
· Two significant discoveries of oil and gas in the Orange Basin, offshore southern Namibia, announced in February 2022 by other operators and interpreted by Global to be sourced from the Barremian-Aptian, with highly encouraging technical similarities between these discoveries and the prospectivity in PEL0094
· European Court judgement in the Company's favour regarding its 4 permit applications, in Italian southern Adriatic Sea; new Hydrocarbon Plan published in February 2022 currently being evaluated
· Further successful equity raise of £1.0 million gross proceeds in August 2021, strengthening the Company's finances and enabling continued exploration activity in Namibia
· Cash balance at period end US$2,007,024 (30 June 2021: US$1,834,434), reflecting the equity raise in the period
· Loss after tax US$825,890 (2021: loss US$3,055,295 following impairment write off associated with expired licence PEL0029).

Today 07:00 Gulf Keystone Petrol (GKP)
2021 Full Year Results Announcement
https://www.investegate.co.uk/gulf-keys ... 00044715G/
With a 19% increase in gross average production to 43,440 bopd, our leverage to the recovery in oil prices and continued cost and capital discipline, we generated substantial revenue and free cash flow.
We continued to deliver on our strategy of balancing investment in sustainable growth and shareholder returns, as we resumed drilling activities and submitted a draft Field Development Plan to the Ministry of Natural Resources while also returning $100 million of dividends to our shareholders in 2021. Following the $50 million dividend that we paid in February 2022, we are pleased to announce today the declaration of an additional $90 million of dividends. This brings aggregate shareholder distributions declared since 2019 to $340 million.
Looking ahead to the remainder of 2022, we remain focused on delivering gross annual production of 44,000-50,000 bopd by bringing SH-15 online in Q2 2022 and optimising production with well interventions and workovers. While constructive engagement continues with the MNR on the FDP, timing of approval remains uncertain and further progress is required before we fully execute FDP activity.

Today 07:00 Orcadian Energy PLC (ORCA)
UKCS License P2320
https://www.investegate.co.uk/orcadian- ... 00044708G/
Phase 'A' of Licence P2320 extended to 14th May 2023 with the Initial Term also being extended to 14th November 2024
· Company has completed a new interpretation of the recently reprocessed seismic data, licensed from TGS in July 2021
· Company estimates that the development area oil-in-place, for Pilot, will increase by about 10% to 15%, compared to the previously estimated and audited volume
· Directors believe that the increase in development area oil-in-place will likely result in an upgrade to recoverable reserves - when the Company's reserves are next audited
· Bowhead prospect remains a very exciting opportunity and management now estimates the Geological Chance of Success has increased to 65%
· Company intends to update its CPR this year

Today 07:00 Pennpetro Energy PLC (PPP)
Notice of Change in Shareholding
https://www.investegate.co.uk/pennpetro ... 00044656G/
Nobel Petroleum Ireland Limited under their convertible note have exercised the conversion of 5,833,333 new ordinary shares of £0.01 each. As a result, Nobel Petroleum Ireland's holding in Pennpetro therefore increased from 4.45% to 11.06%.

Today 07:00 Serinus Energy PLC (SENX)
Director/PDMR Shareholding
https://www.investegate.co.uk/serinus-e ... 00064816G/
Jeffrey Auld, Chief Executive Officer of the Company, purchased on 29 March 2022 an aggregate of 402,000 Ordinary Shares in the Company at an average price of 1.724 pence per Ordinary Share.

Today 07:00 TransGlobe Energy (TGL)
Director/PDMR Shareholding
https://www.investegate.co.uk/transglob ... 00064712G/
Company issued Performance Share Units ("PSUs") to the President and Chief Executive Officer, the Vice President Finance, Chief Financial Officer and Corporate Secretary and the Vice President and Chief Operating Officer (collectively referred to as the "PDMR") in accordance with the Performance Share Unit Plan of the Company.

Today 07:00 Cadogan Petroleum Plc (CAD)
Update on the current situation in Ukraine
https://www.investegate.co.uk/cadogan-p ... 0000P89C1/
announces the resumption of its production activities. All of our employees are safe. The Company is monitoring the situation daily and taking appropriate action to ensure the safety and essential needs of its employees. The assets and the operations are secured.

Today 07:00 ADM Energy PLC (ADME)
Barracuda CPR
https://www.investegate.co.uk/adm-energ ... 00044737G/
announces the result of a competent person's report on the Barracuda prospect in OML141, offshore Nigeria....Xodus has reviewed the available relevant Barracuda data and has not identified convincing evidence as to the presence of light, producible hydrocarbons. There are, however, numerous indications as to the presence of heavy, residual hydrocarbons from past migration...P50 397mmbbl STOIIP, 2U 24mmbbl risked resource, NPV10 $99m (and I think ADM has 35.7% of that).

Today 07:00 Bowleven plc (BLVN)
Interim Results
https://www.investegate.co.uk/bowleven- ... 00044681G/
The loss for the 6-month period was $1.2 million compared to $0.9 million for the same period in the prior year. The increased loss is primarily due to lower interest income.
· Group cash balance at 31 December 2021 was circa $2.5 million with a further $2.5 million held in a financial investment, with no debt or material financial commitments.
· The Group invested a further $0.3 million to fund its share of Etinde pre-development and geological and FEED related project expenditure in the 6-month period.
· Bowleven considers the total value of cash and investment of $5.0 million to be sufficient to meet the Group's financial requirements for at least the next 12 months based on the cash flow forecasts for the period up to 31 December 2023 which consider a number of different scenarios. Further details of the Directors' going concern considerations are provided in Note 2 of these interim financial statements.
But Lukoil is not the ideal partner for Etinde at the moment, so who knows how sanctions will affect progress.

Today 07:00 Coro Energy PLC (CORO)
Italian Portfolio: Resumption of Production
https://www.investegate.co.uk/coro-ener ... 00064711G/
gas production at Sillaro has resumed and is currently producing at a stabilised rate of circa 17k scm/d with an expected 2022 average production rate of circa 13.5k scm/d. As previously announced, buoyed by the strong European gas market backdrop and at current gas prices, the Company expects to generate in excess of €5m FCF

Today 07:00 TotalEnergies SE (TTE)
TotalEnergies Publishes its First Tax Transparency Report
https://www.investegate.co.uk/totalener ... 0000Z0101/
is publishing a new tax transparency report designed to provide its stakeholders with a better understanding of the Company’s tax position, with detailed information on the taxes paid in its main countries of operation.

Yesterday 17:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z9607/
€35m

Yesterday 15:49 Capricorn Energy PLC (CNE)
Annual Financial Report
https://www.investegate.co.uk/capricorn ... 49504455G/
The AGM will be held at The Gallery, Kimpton Charlotte Square Hotel, 38 Charlotte Square, Edinburgh EH2 4HQ at 12.00 noon on Wednesday 11 May 2022.

Yesterday 15:41 Europa Oil & Gas (EOG)
Notification of major holdings
https://www.investegate.co.uk/europa-oi ... 41264451G/
On 28-Mar-2022, Cairn Capital Limited increased from 0% to 5.803%.

Yesterday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800P8F44/
Pay non-exec in shares

Yesterday 14:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00314324G/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's collapsed -65% having touched -70%. Over the last 2 weeks it's dropped -67% having touched -72%.

Yesterday 13:55 S.N.G.N. Romgaz S.A. (SNGR)
Compliance with BSE Code of Corporate Governance
https://www.investegate.co.uk/s.n.g.n.- ... 55144320G/
During 2021, the Company complied with most of the provisions contained in the Table of compliance with the Bucharest Stock Exchange Code of Corporate Governance.
Compared to previous year, the provisions of points A.4, A.11andB.1 of the abovementioned Table were partially complied with, as within the Board of Directors a single member was an independent non-executive member, also a member of the Nomination and remuneration Committee of the Audit Committee.

Yesterday 13:32 PJSC LukOil (LKOD)
Director/PDMR Shareholding
https://www.investegate.co.uk/pjsc-luko ... 32494296G/
Chief Accountant buys 9k shares

Yesterday 12:47 Challenger Energy (CEG)
Holding(s) in Company
https://www.investegate.co.uk/challenge ... 47404222G/
On 9 March 2022, Eytan Michael Uliel increased from 0% to 5.67%.

Yesterday 11:21 88 Energy Limited (88E)
Wireline Logging Results at Merlin-2
https://www.investegate.co.uk/88-energy ... 21044084G/
Whilst observations of LWD logs and drill cuttings collected throughout the Merlin-2 drilling operations revealed target intervals are thicker than those encountered in Merlin-1, and preliminary analysis of the LWD data indicated sufficient permeability / porosity to obtain a hydrocarbon sample, results from the wireline program have demonstrated target zones to have lower than anticipated porosity / permeability resulting in difficulty obtaining fluid samples of any significance....
Whilst thicker target intervals were noted at Merlin-2, the porosity / permeability appear to be largely consistent with those observed at Merlin-1. Both Merlin wells were drilled on sparse, vintage 2D seismic data, which provides a narrow field of view of the reservoir and limited optionality on drilling locations. 88 Energy will now assess the merits of a future 3D seismic acquisition program to better identify with modern processing of data future drilling locations to optimally test and determine the potential commerciality of the Peregrine acreage.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#490508

Postby Hallucigenia » March 31st, 2022, 9:20 am

NWF making hay but nobody cares, looks like the Angus sale process is coming to a head?
Brent=$108.92(March)              WTI=$102.29(April,Brent-6.63)   Nymex gas=$5.54(April)   
NBP =278.00p(April,Nymex+30.98) TTF=€117.000(March,Nymex+32.73) JKM=$34.150(May,Nymex+28.61)

Today 08:27 Predator O&G Hldgs (PRD)
Placing Update
https://www.investegate.co.uk/predator- ... 27137415G/
Further to the Company's announcement released on 17 March 2022 (the "Placing Announcement") that it has conditionally placed 11,500,000 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 9 pence each (the "Placing Price") to raise £1.035 million before expenses (the "Placing"), it is now expected that the Second Admission will become effective and that dealings in the Second Tranche Shares are expected to commence at 8.00am on 1 April 2022.

Today 07:30 Genel Energy PLC (GENL)
Report on payments to governments
https://www.investegate.co.uk/genel-ene ... 3003ECYED/
1.451mmbbls of royalty/production entitlement and $93.51m cash to KRG

Today 07:30 Genel Energy PLC (GENL)
Posting of Annual Report and Notice of AGM
https://www.investegate.co.uk/genel-ene ... 3006EPCDF/
Genel Energy plc ('the Company') announces that it has today posted its Annual Report for the year ended 31 December 2021 ('Annual Report') to shareholders together with the Notice of the 2022 Annual General Meeting ('AGM') and forms of proxy. The Company will hold its AGM on Thursday 12 May 2022.

Today 07:25 Touchstone Explrtn. (TXP)
Director/PDMR Shareholding
https://www.investegate.co.uk/touchston ... 25117344G/
Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that certain employees exercised share options representing a total of 151,800 common shares of no par value in the Company ( " Common Shares " ) on March 30, 2022.

Today 07:00 Chariot Limited (CHAR)
Post-Well Analysis on Discovery at Anchois-2 Well
https://www.investegate.co.uk/chariot-l ... 00066726G/
is pleased to provide an update on the post-well analysis of the successful Anchois-2 gas appraisal and exploration well, completed in January 2022, on the Anchois gas project within the Lixus licence ("Lixus"), offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% interest.
· Net gas pay estimates for Anchois-2 well, based on further interpretation of the well data, have been upgraded to approximately 150m from the previously announced preliminary analysis of greater than 100m, compared to the 55m in the original Anchois-1 discovery well.
Sweet, good communication.
Up 12%

Today 07:00 NWF Group PLC (NWF)
Trading Statement
https://www.investegate.co.uk/nwf-group ... 00066689G/
the Group has continued to outperform and as a result the Board now anticipates full year results will be significantly ahead of the revised expectations. This has been led by the Fuels business as a result of exceptional circumstances, with the very significant short-term volatility in oil prices and a supply constrained UK fuel market.

Today 07:00 Pantheon Resources (PANR)
Interim Results for Six Months Ended 31/12/21
https://www.investegate.co.uk/pantheon- ... 00096849G/
Loss for the period $4.4 million (2020: $3.0 million). Includes a non-cash accounting charges of $0.8 million (2020: nil) relating to the Convertible Bond and $2.0 million (2020: $1.6 million) relating to the issuance of share options
o Cash on hand 30 March 2022: $72 million
· Convertible Bond principal outstanding 30 March 2022, $50.35 million

Today 07:00 PressureTechnologies (PRES)
Trading Update
https://www.investegate.co.uk/pressuret ... 00086818G/
As expected, during the first half of the year, the pipeline of opportunities for static and mobile hydrogen storage systems for delivery in the remainder of FY22 and FY23 grew significantly....the Board remains confident in meeting full-year market expectations.

Today 07:00 Valeura Energy Inc. (VLU)
FOURTH QUARTER 2021 RESULTS
https://www.investegate.co.uk/valeura-e ... 00086803G/
Financial position - Cash position of US$40.8 million at December 31, 2021;
• Royalties - Valeura began receiving royalty payments in connection with the sale of its conventional gas producing business in Turkey, amounting to US$0.8 million being invoiced up to December 31, 2021; and
• Strategy - The Company continues to pursue near-term inorganic international growth opportunities and is seeking a suitable partner to farm in to the Company's 20 Tcfe unrisked mean prospective resource deep, tight gas play in Turkey.
In the nearer-term, Valeura intends to leverage its strong financial position toward growing by way of mergers and acquisitions (" M&A "). The collective international experience of the Company's management and board defines a broad focus area, including jurisdictions with significant deal flow and expected relatively low competition for assets. Valeura is actively pursuing several M&A opportunities, targeting near-term production and cash flow, plus follow-on investment opportunities to enable mid-term growth.

Today 07:00 Wildcat Petroleum (WCAT)
Interim results
https://www.investegate.co.uk/wildcat-p ... 00066672G/
It has also identified opportunities to use Blockchain in its business and (as reiterated in its RNS statement of 23/09/21) will pursue this further once an oil and gas asset has been acquired....
COVID travel restrictions have hindered our efforts towards making an oil/gas acquisition to date, however the Company has continued to work hard remotely to secure the right deal. The oil price is now performing well and we have a number of promising leads which we are following-up on.
In the reporting period (1 July 2021 to 31 December 2021) the Company has incurred costs of £147,102.
At the balance sheet date, the Company had net assets totalling £335,604, including a cash balance totalling £294,752.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - US$10 million Private Placement with US Strategic Investor And US$6 million Acquisition of Overriding Royalty Interest
https://www.investegate.co.uk/falcon-oi ... 0000H4154/
it has received a subscription from Sheffield Holdings LP (“Sheffield”) for a US$10 million private placement through the issue of 62,500,000 Common Shares (“the Placing Shares”) at a price of CAD$0.20 per share (“the Placing”). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon’s issued and outstanding Common Shares.
Falcon Oil & Gas Australia Limited (“Falcon Australia”) has also agreed to grant Sheffield a 2% overriding royalty interest (“ORRI”) over Falcon Australia’s 22.5% working interest in the Beetaloo Sub-Basin exploration permits in return for a cash payment of US$6 million. The 2% ORRI is being granted to Sheffield calculated on equal economic terms as the existing 3% ORRI with the TOG Group. The cash proceeds of US$6 million will be used to exercise Falcon Australia’s call option to reduce the existing ORRI with the TOG group from 3% to 1%, which is expected to take place before 30 April 2022.

Today 07:00 Canadian O'Seas Petr (COPL)
Publication of 2021 Financial Results
https://www.investegate.co.uk/canadian- ... 00086813G/
its Annual Financial Results for the year ended 31 December 2021 will be released after stock market hours in Canada today (31 March 2022).

Today 07:00 Curzon Energy plc (CZN)
Exclusivity Extension
https://www.investegate.co.uk/curzon-en ... 00086792G/
Energy Plc (LON:CZN), the London Stock Exchange listed company, announces that under the terms of the LOI initially announced on 3 February 2021 and further amended on 23 February 2022, Poseidon Enhanced Technologies ("PET") has informed the Company of a further extension of the existing exclusivity period through 1 May 2022. The parties continue to diligently work towards the execution and delivery of a definitive purchase agreement,

Today 07:00 Diversified Energy (DEC)
Total Voting Rights
https://www.investegate.co.uk/diversifi ... 00097310G/
Guidance and Transparency Rules, the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this announcement is 850,461,065 with each ordinary share carrying the right to one vote. There are no ordinary shares held in treasury and therefore the total number of voting rights in the Company is 850,461,065. The above figure may be used by shareholders in the Company as the...

Today 07:00 Mosman Oil & Gas (MSMN)
Half Year Results
https://www.investegate.co.uk/mosman-oi ... 00097315G/
Revenue increased 95% to AUD 745,790 (compared to AUD $383,138 in the six months ending 30 June 2021)
· Gross Profit increased 232% to AUD188,487 (compared to AUD $56,828 in the six months ending 30 June 2021)
· Net loss narrowed to AUD 498,940 (compared to AUD $708,822 in the six months ending 30 June 2021)
· Net Production to Mosman increased 43% to 17,344 BOE
· Completed acquisition of Nadsoilco increasing working interest in Stanley Project, Livingston and Winters leases and became operator of these leases, providing more day to day control
· Acquired additional working interests in Falcon-1 and Cinnabar in East Texas. Completed 3D seismic reprocessing and interpretation and identified potential development drilling locations with multiple Wilcox sand targets at Cinnabar.
· Completed the construction of a gas network in East Texas in February, enabling the sale of gas from Winters-2 and Stanley-4 and enabling ongoing production optimisation.
· 12 month extension of EP-145 in Australia secured and an on-site environmental survey completed.

Today 07:00 Serinus Energy PLC (SENX)
Holding(s) in Company
https://www.investegate.co.uk/serinus-e ... 00096540G/
On 28-Mar-2022, Spreadex LTD reduced from 3.946% to 2.911% and adjusted their CFD/Spreadbet.

Yesterday 14:32 S.N.G.N. Romgaz S.A. (SNGR)
Rectification Report-Raiffeisen Loan Agreement
https://www.investegate.co.uk/s.n.g.n.- ... 32176387G/
we hereby inform upon one editing error occured throughout the Current Report published on March 30, 2022 (IRIS BSE code CEF2E, RNS number: 5740G) regarding the conclusion of a loan agreement according to article 234 letter i from F.S.A. Regulation no. 5/2018 with Raiffeisen Bank , respectively in the sense that the date of the agreement, as it appears in the last paragraph of the report, is March 30, 2022 and not March 30, 2020.

Yesterday 14:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00266356G/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's jumped +12.9% with a spike to +29%. Over the last 2 weeks it's jumped +55.6% with a spike to +78%.

Yesterday 14:00 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 00016338G/
Vesting of award under the Energean plc 2019 Deferred Bonus Plan, net of income tax and national insurance liabilities ("NICs"). The Company withheld 2,700 shares in settlement of the income tax and NICs payable.

Yesterday 14:00 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 00016341G/
Vesting of share awards (as nil-cost options) under the 2019-2021 LTIP. The share awards are subject to a further 2 year holding period.

Yesterday 11:51 Star Phoenix Group (STA)
Update on Reporting Timetable & Trading Update
https://www.investegate.co.uk/star-phoe ... 51416079G/
publication of its interim financial results for the six months ended 31 December 2021 ("Interim Period") has been delayed due to the impact of the COVID-19 pandemic. The Company has been granted an extension to the publication date and accordingly the Company now intends to publish its interim results by 30 April 2022....As at 31 December 2021, the Company's total cash balance was approximately US$1.52 million (unaudited), down circa 20.59% from 30 June 2021 (December 2020: US$2.732m), mainly reflecting spend on advisory fees linked to resolving the legal matters detailed below and ongoing operational costs...Finally, Star Phoenix executed a non-binding agreement in relation to the exploration of a new hydrogen opportunity in Western Australia with Curtin University (see announcement of 13 July 2021). This collaboration is still at an early stage.

Yesterday 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00025727G/
On 25-Mar-2022, The Northern Trust Company AVFC holding via GIC Private Limited (SG) reduced from 8.767% to 7.315%.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#490758

Postby Hallucigenia » April 1st, 2022, 8:01 am

Happy All Fools Day!
Oil falls back whilst European gas continues to go crazy what with the rouble thing and it being a bit parky.
Brent=$103.60(April)              WTI=$98.94(April,Brent-4.66)   Nymex gas=$5.61(April)   
NBP =305.00p(April,Nymex+34.43) TTF=€131.000(April,Nymex+36.85) JKM=$35.435(May,Nymex+29.83)

Today 07:28 Touchstone Explrtn. (TXP)
EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR
https://www.investegate.co.uk/touchston ... 28349198G/
Purchase of common shares by the Trustee of the Employee Share Purchase Plan

Today 07:01 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 01068165G/
RNS Number : 8165G Igas Energy PLC 01 April 2022 1 April 2022 IGas Energy plc (AIM: IGAS) ("IGas" or "the Company") Total Voting Rights In line IGas announces that as at today's date, the issued share capital is 125,639,737; the number of deferred shares are 303,305,534.

Today 07:00 Advance Energy PLC (ADV)
Directorate Change
https://www.investegate.co.uk/advance-e ... 00098534G/
CFO, Stephen West, has resigned from the Company as a Director with immediate effect.
[year end is 30 April, he also resigned as Tomco chairman earlier in the year]

Today 07:00 Canadian O'Seas Petr (COPL)
2021 Financial Results and Operations Update
https://www.investegate.co.uk/canadian- ... 00068676G/
At the time the transaction completed the assets produced 1,100 barrels of light oil. After the implementation of a works programme by COPL, the asset has since then far exceeded original expectations and current production (gross) of approximately 1,900 barrels a day is restricted due to ongoing facility constraints. The asset has identified 2P reserves of approximately 26 million barrels (net) of light oil, before the payment of royalties...In January 2022, COPL confirmed a major discovery with an estimated total reservoir volume of 1.5-1.9 billion barrels of Oil in Place ("OIP"), of which 1.2 - 1.6 billion barrels of OIP underlays COPL lands....
Q4: Net crude oil sales before royalties averaged 1,094 bbls/d as compared to 1,071 bbls/d in the third quarter of 2021, which has been limited due to facility constraints.
· Petroleum sales, net of royalties were $5.8 million offset by a $1.4 million realized loss on crude oil hedge contracts as compared to $5.2 million offset by a $0.6 million realized loss on crude oil hedge contracts in the third quarter of 2021.
· Realized a gain of $1.6 million on butane hedge contracts as compared to a gain of $1.1 million in the third quarter of 2021, with respect to the miscible flood injection program.
· The operating netback was $43.97/bbl, which included a $2.76/bbl net realized gain on crude oil and butane commodities contracts as compared to $26.85/bbl, which included a $4.31/bbl realized loss on crude oil and butane commodities contracts in the third quarter of 2021.

Today 07:00 Igas Energy PLC (IGAS)
Notice of Results and Investor Presentation
https://www.investegate.co.uk/igas-ener ... 00108001G/
its full year results for the year ended 31 December 2021 will be released on 6 April 2022. Stephen Bowler, CEO and Ross Glover, Development Director will provide a live webcast to discuss the Company's results and current activities via the Investor Meet Company platform on 8 April 2022 at 10.00 a.m. BST.

Today 07:00 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 00068266G/
its capital consists of 465,490,288 ordinary shares of £0.001 each, and each with voting rights. The Company does not hold any ordinary shares in treasury.

Today 07:00 Lekoil Limited (LEK)
Corporate Update
https://www.investegate.co.uk/lekoil-li ... 00098683G/
The Company has been advised by its Nominated Adviser that trading in its Shares will remain suspended while it continues to work with its Nominated Advisor on matters that are required for trading in the Shares to be restored and in the event trading cannot be restored in due course, the Company's admission to trading on AIM will be cancelled....The Company notes that the extraordinary general meeting to be held on 7 April 2022 will be held at 4.00 p.m. Greenwich Mean Time (GMT)/ 5.00 p.m. British Summer Time (BST).

Today 07:00 Predator O&G Hldgs (PRD)
Admission of Placing Shares
https://www.investegate.co.uk/predator- ... 00067601G/
Further to the Company's announcement of 17 March 2022, the new Second Tranche Shares, being 6,500,000 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 Predator O&G Hldgs (PRD)
Change of Registered Office Address
https://www.investegate.co.uk/predator- ... 00068325G/
3rd Floor IFC5 Castle Street St. Helier Jersey JE2 3BY with immediate effect.

Today 07:00 Rockhopper Exp plc (RKH)
Extension of Heads of Terms
https://www.investegate.co.uk/rockhoppe ... 00078422G/
is pleased to announce that Rockhopper, Harbour Energy plc ("Harbour") and Navitas Petroleum LP ("Navitas") have extended the provisions of the previously signed heads of terms (announced on 8 December 2021) from 31 March 2022 to 30 April 2022. The main elements of the transaction have all been agreed, with a view to signing definitive documentation by this date.

Today 07:00 TomCo Energy PLC (TOM)
Results for the year ended 30 September 2021
https://www.investegate.co.uk/tomco-ene ... 00098669G/
The primary focus for the Company during the year was on Greenfield Energy LLC ("Greenfield") and its plans to pursue the construction of an initial 5,000 barrels of oil per day ("bopd") production facility at the earliest opportunity, as well as exploiting other opportunities available to it....whilst retaining Valkor as a valued stakeholder and _future_ substantial shareholder in the Company....At 28 March 2022, the Group had cash of approximately £1.12 million, and a loan due to Valkor of approximately £1.14 million ($1.5 million)...It is possible that rather than extend the term or grant a production share, the Group would wish to refinance the Valkor loan by May 2022.
[loss of $10.8m]

Today 07:00 GETECH Group plc (GTC)
GTC Expands its Platform for the Energy Transition
https://www.investegate.co.uk/getech-gr ... 00108532G/
it has expanded its Maptium platform offering with further content and analysis for the energy transition.
The following content is available to license through Maptium now:
· Maptium Gravity & Magnetic - enhances understanding of the subsurface, using Getech's world-leading global gravity and magnetic data. The content is used by customers across the energy transition sectors to de-risk exploration, improve efficiency and optimise performance in the delivery of projects;
· Maptium Sedimentary Copper - provides analysis and insights into the location and economic concentration of sedimentary copper, a metal key to almost every renewable energy solution. The content is used by mining customers to improve prospectivity of their copper exploration projects;
· Maptium Geodynamics - enables access to Getech's market-leading plate model and geodynamics expertise to improve understanding of the geologic evolution for an area of interest.

Today 07:00 Wildcat Petroleum (WCAT)
Quarterly Update (CATFLAP)
https://www.investegate.co.uk/wildcat-p ... 00108284G/
Oh gawd, we've got a talker. Lots of macro waffle and Covid excuses for not getting a deal, but :
the release of Nazanin Zaghari-Ratcliffe bodes well for the possibility that sanctions on Iran will be eased or dropped. If sanctions are indeed eased, then Wildcat will update the market on developments as it works to secure an Iranian oil production agreement in a timely manner.

Today 07:00 Kosmos Energy Ltd (KOS)
Successful RCF refinancing and RBL redetermination
https://www.investegate.co.uk/kosmos-en ... 00088610G/
Kosmos has re-financed its RCF with a total capacity of $250 million while extending the maturity to the end of 2024. The reduced RCF size will offset an increase in the margin, resulting in slightly lower interest expenses going forward. In anticipation of the cessation of the London Interbank Offered Rate ("LIBOR"), this is one of the energy industry's first credit facilities linked to the Secured Overnight Financing Rate ("SOFR")...
Kosmos also announced today that in conjunction with the spring re-determination of the RBL, the Company's lending syndicate approved a borrowing base capacity of $1.25 billion with current outstanding borrowings of $0.9 billion. Total commitments as of April 1, 2022 were $1.25 billion....
At current oil prices we expect leverage to be below our 1.5x target by year-end 2022 and are well on the way to achieving that outcome

Today 07:00 Tower Resources PLC (TRP)
Issue of Warrants to Directors, Director Dealing
https://www.investegate.co.uk/tower-res ... 00108661G/
announces the following issue of warrants to Directors and a consultant to the Company in lieu of fees.

Yesterday 17:37 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 37438481G/
RNS Number : 8481G Tullow Oil PLC 31 March 2022 31 March 2022 Tullow Oil plc Total Voting Rights In conformity with the FCA's Disclosure As at 31 March 2022, Tullow Oil plc's issued share capital consisted of 1,435,519,246 ordinary shares (with a nominal value of 10p each) with voting rights. No ordinary shares were held in treasury. Therefore, the total number of voting rights in Tullow Oil plc was 1,435,519,246.

Yesterday 16:36 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 36028355G/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's down -15.8%. Over the last 2 weeks it's been in the usual range.

Yesterday 15:02 Serica Energy PLC (SQZ)
Total Voting Rights
https://www.investegate.co.uk/serica-en ... 02078214G/
271,357,322

Yesterday 14:50 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 50188184G/
495,573,006

Yesterday 14:50 SDX Energy PLC (SDX)
Holding(s) in Company
https://www.investegate.co.uk/sdx-energ ... 50038183G/
On 31-Mar-2022, River and Mercantile Asset Management LLP increased from 0% to 7.933%.

Yesterday 13:41 TotalEnergies SE (TTE)
TotalEnergies and Sempra Expand North American Strategic Alliance for the Development of LNG Exports and Renewables
https://www.investegate.co.uk/totalener ... 4100Z3003/
and Sempra are expanding their North American strategic alliance with the signing of two Memorandums of Understanding (MoU): one for the Vista Pacífico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects.

Yesterday 12:23 Petrofac Limited (PFC)
Total Voting Rights
https://www.investegate.co.uk/petrofac- ... 2355EDHJB/
In accordance with the FCA's Disclosure and Transparency Rule 5.6.1 the Company confirms that the Company's issued share capital as of 31 March 2022 consists of 521,157,442 ordinary shares with a nominal value of US$0.02 each. The Company does not hold any ordinary shares in treasury.

Yesterday 11:58 PressureTechnologies (PRES)
Result of AGM
https://www.investegate.co.uk/pressuret ... 58037865G/
At the Annual General Meeting of Pressure Technologies (AIM: PRES), held today at 10.00am, all the resolutions proposed were duly passed

Hallucigenia
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Re: Hal's oily roundup

#491057

Postby Hallucigenia » April 2nd, 2022, 11:59 am

Might as well get Friday market hours out of the way, it's a busy time of year with a lot of housekeeping announcements like TVR as well as year-end stuff. Path finally clearing the DG Innovate (motors/sodium-ion batteries) reverse takeover that's been pending since August, Aminex placing to take them to first gas at Ntorya, Abramovich making a bit of a move on Velocys via his (unsanctioned?) mate, the Russians losing their credit ratings at Moody's/probably having to give up their ADRs, and another chapter in the Lekoil saga are all notable in their own right though.

Yesterday 18:24 Nostra Terra O&G Co (NTOG)
Exercise of Warrants and TVR
https://www.investegate.co.uk/nostra-te ... 24010515H/
Under the Block Listing announced 26 January 2021, the Company has today issued and allotted 24,000,000 new Ordinary Shares pursuant to the 25 September 2020 issue of Warrants. These new Ordinary Shares have been admitted to trading and result in the Company's issued share capital being 727,520,534 Ordinary Shares.

Yesterday 18:04 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 04530499H/
As at 31 March 2022, the issued share capital of BP p.l.c. comprised 19,443,289,125 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.

Yesterday 17:22 Touchstone Explrtn. (TXP)
EXERCISE OF SHARE OPTIONS
https://www.investegate.co.uk/touchston ... 22160447H/
on March 31, 2022, non-executive director Stanley Smith exercised share options representing a total of 185,000 common shares of no par value in the Company ( " Common Shares") at a weighted average price of C$0.23 (approximately 14 pence) per Common Share.

Yesterday 16:36 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 36300342H/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's dropped -21.4% having touched -28%. It's just returned to where it was a month ago, still up on 2 months ago.

Yesterday 16:35 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 35400334H/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's dropped -22.4% having touched -29%. Over the last 2 weeks it's down -18.8%.

Yesterday 16:30 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 30050294H/
£235 of DRIP

Yesterday 15:56 Petrofac Limited (PFC)
Director/PDMR Shareholding
https://www.investegate.co.uk/petrofac- ... 5605EIYSH/
Ayman Asfari, Non-executive Director, has today transferred five million ordinary shares ('Shares') of US$0.02 each in the Company to The Asfari Foundation (a UK registered charity), where he is chair, as part of a programme of building an endowment fund to ensure that the works of the Foundation can continue into the future.

Yesterday 15:30 Arrow Exploration (AXL)
Holding(s) in Company
https://www.investegate.co.uk/arrow-exp ... 30360226H/
On 31-Mar-2022, Spreadex LTD reduced from 6.746% to 5.897%.

Yesterday 15:21 Velocys PLC (VLS)
Notification of Major Holdings
https://www.investegate.co.uk/velocys-p ... 21130199H/
On 29 March 2022, David Davidovich (allegedly Abramovich's right-hand man) via Norma Investments Limited (BVI) and Ervington Investments Limited (Cyprus) (both formerly connected to Abramovich), increased from 5.91% to 9.89%.

Yesterday 15:10 PJSC Tatneft (ATAD)
Draft Law; Rating Withdrawal
https://www.investegate.co.uk/pjsc-tatn ... 10560177H/
A bill currently at second reading in the Duma will effectively force Russian companies to withdraw their ADRs from Western exchanges; Moody's have withdrawn credit ratings and Fitch are likely to follow.

Yesterday 14:45 Path Investments plc (PATH)
Result of General Meeting
https://www.investegate.co.uk/path-inve ... 45050080H/
all resolutions proposed to the meeting (the "Resolutions") were duly passed on a poll.Following the passing of the Resolutions the Company can confirm, inter alia, that subject to Admission occurring the acquisition of DG Innovate Limited and the proposed Subscription will be completed. It is expected that Admission will occur with the Company's Enlarged Share Capital admitted to the Standard Listing segment of the Official List and trading on the Main Market of the London Stock Exchange at 8.00 a.m. on 8 April 2022 under the TIDM "DGI".

Yesterday 14:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00480022H/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's dropped -21.4% having touched -28%. Over the last 2 weeks it's been in the usual range.

Yesterday 14:00 Petroneft Resources (PTR)
Price Monitoring Extension
https://www.investegate.co.uk/petroneft ... 00570023H/
https://uk.finance.yahoo.com/quote/PTR.L/chart
On the day it's jumped +13.6% with a spike to +18%. Over the last 2 weeks it's been in the usual range.

Yesterday 13:13 Lekoil Limited (LEK)
Lekoil Nigeria offer to purchase OPL 310 Loan
https://www.investegate.co.uk/lekoil-li ... 13559905G/
The offer by Lekoil Nigeria to purchase the OPL 310 loan and the outstanding amount under the Savannah Convertible Facility Agreement is not capable of acceptance as it would put the Company in breach of its legally binding contractual obligations to Savannah. Furthermore, even if the offer was capable of acceptance, it is not clear that it would be a superior offer for the following reasons: (i) Lekoil Nigeria has not demonstrated the capability to fund the offer...the offer should not be seen as a serious attempt to provide an alternative to the Company and its shareholders but as an attempt to muddy the waters prior to the Extraordinary General Meeting

Yesterday 12:45 Wildcat Petroleum (WCAT)
Interim Results - Replacement
https://www.investegate.co.uk/wildcat-p ... 45409877G/
The following announcement replaces the announcement " Interim results" published on 31 March 2022 at 07:00 am with RNS Number 6672G. That announcement did not state, as it should have done, that at the balance sheet date Current liabilities were £76,690 and Net assets were 258,914. It also incorrectly stated that Net assets totalled £335,604 at the balance sheet date when it should have stated Current assets totalled this amount.

Yesterday 12:16 Diversified Energy PLC (DEC)
Original-Research: Diversified Energy PLC (von First Berlin Equity Research GmbH): Kaufen
https://www.investegate.co.uk/diversifi ... 1621EKWRW/
we forecast further rises in hedged revenue and adjusted EBITDA of 29% and 22% respectively in 2022. With a current liquidity position of over USD400m, we expect DEC to make further acquisitions - thereby pushing results and the dividend (current yield: 11.0%) above our forecasts. We maintain our Buy recommendation and price target of GBp150.

Yesterday 11:09 Aminex PLC (AEX)
Successful Placing to Fund Aminex to First Gas
https://www.investegate.co.uk/aminex-pl ... 09109657G/
it has successfully raised approximately £3.3 million (approximately $4.4 million) before expenses to fund the Company to the expected receipt of revenue from first gas production at the Ntorya field, currently projected for end of 2024, through the issue of 440,482,181 new ordinary shares in the capital of Aminex (the "Placing") at a price of Stg 0.75p per share...The Placing Shares will represent in aggregate 12% of the existing issued ordinary share capital of the Company

Yesterday 11:00 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 00359633G/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's up +9.4% with a spike to +16%. Over the last 2 weeks it's jumped +52.6% with a spike to +62%.

Yesterday 10:05 Predator O&G Hldgs (PRD)
Ireland National Energy Summit
https://www.investegate.co.uk/predator- ... 05349496G/
nnounces that, through its wholly-owned subsidiary Mag Mell Energy Ireland Ltd. ("Mag Mell"), it is a Gold Sponsor of Ireland's National Energy Summit at Croke Park, Dublin on 26th April 2022...CEO Paul Griffiths is presenting and discussing in a panel session with Eirgrid and the Economic and Social Research Institute "Coming together to plan, build, operate and support the development of the country's chief renewable energy resources".

Yesterday 08:05 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 05089253G/

Yesterday 08:04 Petrofac Limited (PFC)
PETROFAC AWARDED MAJOR AUSTRALIAN DECOMMISSIONING CONTRACT
https://www.investegate.co.uk/petrofac- ... 0428EVSPQ/
Petrofac's Australia team based in Perth, WA, has been contracted to complete Phase 1 of the decommissioning of the Northern Endeavour FPSO (Floating Production, Storage and Offtake) facility. The contract, awarded by the Federal Department of Industry, Science, Energy and Resources, follows a stringent selection and due diligence process by the Government of Australia. The value to Petrofac of Phase 1 has the potential to be up to AUD$325 million (US$236 million).

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Re: Hal's oily roundup

#491440

Postby Hallucigenia » April 4th, 2022, 9:55 am

Spud-u-like. Unlucky for VOG shareholders though.

Brent=$105.23(April)              WTI=$99.97(April,Brent-5.26)    Nymex gas=$5.75(April)   
NBP =260.00p(April,Nymex+28.36) TTF=€113.000(April,Nymex+30.81) JKM=$32.750(June,Nymex+27.00)

Today 08:49 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 49271186H/
On 31-Mar-2022, BlackRock, Inc. reduced from 9.95% to 8.45%.

Today 07:00 Angus Energy PLC (ANGS)
Total Voting Rights
https://www.investegate.co.uk/angus-ene ... 00060566H/
the Company announces the following: As at the date of this announcement the Company's issued share capital consists of 1,307,286,880 ordinary shares of £0.002 each with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

Today 07:00 Empyrean Energy PLC (EME)
Block 29/11, China - NH9 rig to mobilise
https://www.investegate.co.uk/empyrean- ... 00040625H/
OSL has advised that rig mobilisation operations will commence 6 April 2022
Spudding of LH 17-2-1 well over Jade Prospect is expected within days of rig being safely anchored on well site

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00080612H/
have continued to investigate the previously announced chemical injection fault on the Blythe platform which necessitated the Blythe well to be temporarily shut in. On further inspection, additional process and safety studies and procurement of materials are required before implementing the solution. These workstreams are being pursued as rapidly as possible

Today 07:00 Oilex Ltd (OEX)
Cambay India Production Update
https://www.investegate.co.uk/oilex-ltd ... 00040202H/
the Gujarat Pollution Control Board...are questioning whether the new [environmental certificate] authorises the use of the Early Gas Production Facility ("EGPF") on the Cambay C-73 wellsite since the EGPF is not specifically referenced. The Company asserts that the EGPF is indeed specifically referenced and authorised under Clause 17 of the EC.

Today 07:00 Touchstone Explrtn. (TXP)
SHARE OPTIONS AND DIRECTOR / PDMR PURCHASE
https://www.investegate.co.uk/touchston ... 00080565H/
Non-executive Director Dr. Harrie Vredenburg exercised share options representing a total of 80,000 Common Shares at a price of C$0.15 (approximately 9.1 pence) per Common Share. Dr. Vredenburg's share options were previously granted in 2017 in accordance with the Company's Share Option Plan. Non-executive Director Kenneth McKinnon exercised share options representing 97,500 Common Shares at a price of C$0.25 (approximately 15.2 pence) per Common Share. Mr. McKinnon's share options were previously granted in 2018 in accordance with the Company's Share Option Plan.

Today 07:00 Victoria Oil & Gas (VOG)
Temporary Suspension of Trading
https://www.investegate.co.uk/victoria- ... 00041084H/
distributor with operations located in the port city of Douala, announces that the Arbitral Tribunal of the International Chamber of Commerce ("ICC") the Arbitral Tribunal of the International Chamber of Commerce ("ICC") ("Tribunal") has made its Partial Final Award under ICC Rules ("Award") in relation to the case initiated by RSM Production Corporation ("RSM") against GDC (case number 23991/MK) in October, 2018....it has ruled against GDC for certain of RSM's claims and has made an award totalling approximately US$12.1 million, with interest to be added. In addition, the Tribunal has directed the parties to confer regarding the proposed procedure for resolution of costs and attorney's fees ("Costs") with a target date for resolution by 30 June, 2022....Under the arbitration rules of the ICC, the Award cannot be appealed and is to be paid without delay. Neither GDC, nor the VOG Group, has the ability to pay the Award without some delay and accordingly the trading of VOG shares on the London Stock Exchange will be temporarily suspended as of 7.30am this morning, pending resolution of this fundamental uncertainty to continue as a going concern.

Today 07:30 AIM ()
Suspension - Victoria Oil & Gas plc
https://www.investegate.co.uk/aim/rns/s ... 031093H/At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 04/04/2022 7:30am, pending clarification of the Company's financial position.

Today 07:00 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 00050520H/

Today 07:00 Arrow Exploration (AXL)
SPUDDING OF RCE-2 WELL AND 2022 CORPORATE OUTLOOK
https://www.investegate.co.uk/arrow-exp ... 00070581H/
The RCE-2 well was successfully spud on 2 April 2022. The well is targeting a large, three-way fault-bounded structure with multiple high-quality reservoir objectives. The well is expected to be drilled to a total depth of 8,146 feet (True Vertical Depth). Drilling and casing of the RCE-2 well is expected to take approximately three weeks, followed by completion, and then testing. Depending on the number of zones encountered in the well bore, testing is expected to take approximately five days per zone...
As of 31 March 2022, the Company's corporate production was estimated to be approximately 1,103 boe/d. All of the activities outlined in this announcement are in support of the Company's stated objective of achieving a production rate of 3,000 boe/d within 18 months of the closing of its previously-completed AIM placing and listing (completed in October 2021).

Today 07:00 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 00080585H/
1. Philip Dimmock, Non-Executive Chairman, exercised nil cost options to acquire 171,278 ordinary shares of 0.25 pence each; 2. Jeremy Asher, Non-Executive Director, exercised nil cost options to acquire 116,780 ordinary shares of 0.25 pence each;

Today 07:00 i3 Energy PLC (I3E)
Record Corporate Production & Canada 2021 Reserves
https://www.investegate.co.uk/i3-energy ... 00080631H/
Based on field estimates, i3 exited the first quarter of 2022 with a record weekly average production of approximately 20,312 boepd comprised of 61.1 million standard cubic feet of gas per day ("mmscfd"), 6,290 barrels per day ("bbl/d") of natural gas liquids ("NGLs"), 3,522 bbl/d of oil and 316 boepd of gross overriding royalty interest production...
o Based on forward strip pricing at 31 March 2022, i3 now forecasts full-year 2022 net operating income ("NOI" = revenue minus royalties, opex, transportation and processing) of $192 million, a 28% increase over that predicted in the Company's December 2021 capital budget announcement. This increase reflects the upward shift in commodity prices, in addition to well results that have bettered i3's pre-drill forecasts.
Up 13%

Today 07:00 Velocys PLC (VLS)
Business Update and Notice of Results
https://www.investegate.co.uk/velocys-p ... 00070598H/
During 2021 we saw the achievement of a number of important objectives in our growth strategy culminating in two multi-year Sustainable Aviation Fuel (SAF) offtake agreements; the selection of our technology for an e-fuels project commissioned by the Government of Japan; and a significant capital raise to be used to increase the delivery capacity of Velocys' technology to unlock client sales with a view to achieving our target of net positive cashflow during 2024.
Since the year end, we have completed the sale and purchase option agreement over the company owning the land for the Altalto project site; appointed Andy Bensley as Global Head of Business Development and Technology Delivery along with other key technical role appointments at our catalysis and reactor facility in Ohio. We are moving into 2022 with a clear focus on executing our agreed commercial strategy.

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Re: Hal's oily roundup

#491760

Postby Hallucigenia » April 5th, 2022, 10:22 am

European gas market seems to be calming down a bit - does this mean that nothing has come of the demand to pay in rubles from 1 April? I've not seen anything. Good for Longboat, up 20% after a very positive result at Kveikje.

Brent=$108.88(April)              WTI=$104.57(April,Brent-4.31)    Nymex gas=$5.87(April)   
NBP =240.00p(April,Nymex+25.64) TTF=€104.900(April,Nymex+27.88) JKM=$31.525(June,Nymex+25.65)

Today 09:15 Lansdowne Oil & Gas (LOGP)
Holding(s) in Company
https://www.investegate.co.uk/lansdowne ... 15243058H/
On March 31st 2022, Mark Anthony Ward increased from 2.91% to 3.47%.

Today 09:12 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 12183057H/
On 31-Mar-2022, Morgan Stanley increased from 0% to 5.048%.

Today 09:00 Longboat Energy PLC (LBE)
Price Monitoring Extension
https://www.investegate.co.uk/longboat- ... 00333048H/
https://uk.finance.yahoo.com/quote/LBE.L/chart
On the day it's soared +20.2% with a spike to +26%. Over the last 2 weeks it's jumped +23.2% with a spike to +29%.

Today 08:35 i3 Energy PLC (I3E)
Investor Presentation
https://www.investegate.co.uk/i3-energy ... 35333036H/
an updated Investor Presentation is available on its website: https://i3.energy/investors/reports-pre ... ons-media/

Today 07:02 Gulf Keystone Petrol (GKP)
Block Listing Application
https://www.investegate.co.uk/gulf-keys ... 02012290H/

Today 07:00 Longboat Energy PLC (LBE)
Significant Discovery at Kveikje
https://www.investegate.co.uk/longboat- ... 00052326H/
is pleased to announce a significant discovery in the Equinor operated Kveikje exploration well (35/10-8S) in licence PL293B (Company 10%).
The preliminary estimate of recoverable resources in Kveikje Main, being the primary target of the exploration well, is 28 to 48 MMboe (gross), above the pre-drill expectation.
The discovery has excellent reservoir quality and is close to existing infrastructure allowing for a simple development through multiple export options.

Today 07:00 Path Investments plc (PATH)
Investor Presentation
https://www.investegate.co.uk/path-inve ... 00062293H/
Christopher Theis (CEO) and Jack Allardyce (Finance Director), will provide a live online investor presentation on Thursday 7 April 2022 at 5.30pm London time in relation to the Company's acquisition of DG Innovate

Today 07:00 Borders & Southern (BOR)
Result of Open Offer
https://www.investegate.co.uk/borders-- ... 00042311H/
The Company is pleased to announce that the Open Offer was oversubscribed. As a result, the Company has raised a total, including the Subscription, of £1.35 million (US$1.8 million), before expenses, through the issue of a total of 103,858,914 new Ordinary Shares. Due to the oversubscription, excess applications under the Open Offer will be scaled back as set out in the Company's circular dated 11 March 2022.

Today 07:00 Caspian Sunrise plc (CASP)
Proposed cancellation of share premium account
https://www.investegate.co.uk/caspian-s ... 00031990H/
The Board of Caspian Sunrise is pleased to announce that a circular convening a general meeting on 22 April 2022 will be posted to shareholders later today to seek approval to cancel the Company's share premium account and to cancel the deferred shares, which are steps required to allow the future payment of dividends.

Today 07:00 Echo Energy PLC (ECHO)
Production Update
https://www.investegate.co.uk/echo-ener ... 00042259H/
Total net production averaged 1,491 boepd in Q1 2022, representing a 6% increase over Q4 2021 production.
Gas production is currently sold under existing long term contracts and pricing agreed in March 2021. As those contracts near expiry, the Company is engaged in commercial discussions around annual gas contracts for the period from May 2022 noting the marked increase in global gas prices in recent months, combined with the continued recovery in economic activity in Argentina.

Today 07:00 Gulf Keystone Petrol (GKP)
Long Term Incentive Plan Award
https://www.investegate.co.uk/gulf-keys ... 00052289H/
pursuant to the 2014 Gulf Keystone Long Term Incentive Plan, on 1 April 2022 (the "Award Date") awards over common shares ("2022 Awards") were granted to employees and the persons discharging managerial responsibilities ("PDMRs") listed below.

Today 07:00 TransGlobe Energy (TGL)
Director/PDMR Shareholding
https://www.investegate.co.uk/transglob ... 00012266H/
on March 29, 2022; Mr. Geoff Probert, Chief Operating Officer, exercised 258,251 stock options under the Company's Stock Option Plan ("SOP"). In addition, on March 30, 2022; Mr. Randy Neely, President and Chief Executive Officer, exercised 430,428 stock options under the Company's SOP.

Today 07:00 Wentworth Resources (WEN)
Transaction in Own Shares
https://www.investegate.co.uk/wentworth ... 00042303H/

Yesterday 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35312059H/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's been in the usual range ahead of the announcement of the result of the open offer.

Yesterday 14:10 Coro Energy PLC (CORO)
LTIP Awards and Director/PDMR Dealing
https://www.investegate.co.uk/coro-ener ... 10011869H/
announces its annual award of options over a total of 93,825,666 ordinary shares in the Company under the previously announced Coro long term incentive plan ("LTIP") to certain of the Company's executives and senior management (the "Awards").

Yesterday 14:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00381868H/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's jumped +11.4% with a spike to +18%. Over the last 2 weeks it's up +26.9%.

Yesterday 13:10 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 10021748H/
Gulf Keystone confirms that a gross payment of $40.9 million ($32.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $34.2 million ($26.8 million net) for Shaikan crude oil sales during December 2021 and gross $6.6 million ($5.2 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices.
Following receipt of the arrears payment, the current outstanding arrears balance is $16.7 million net to GKP.

Yesterday 12:07 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 07221636H/
Director Andrey Akimov buys 3701 shares

Yesterday 11:16 Oilex Ltd (OEX)
Cambay India Production Further Update
https://www.investegate.co.uk/oilex-ltd ... 16551492H/
Oilex has been informed by the Gujarat Pollution Control Board ("GPCB") that they have confirmed the revocation of the production halt concerning the Company's Cambay field and have authorised the use of the Early Gas Production Facility ("EGPF") on the Cambay C-73 wellsite. GPCB's personnel will visit the C-73 wellsite to remove the production flange seal in the coming days.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#492083

Postby Hallucigenia » April 6th, 2022, 9:16 am

UK shaleys getting all excited about the announcement of a review of UK shale by BGS. Eco dilute by 28% to pay for Gazania-1, Igas drop 12% on what look OK results (but still loss making thanks to hedges), Wentworth's decent results are ignored.

Brent=$106.88(April)              WTI=$101.93(April,Brent-4.95)   Nymex gas=$6.08(April)   
NBP =235.00p(April,Nymex+24.62) TTF=€106.665(April,Nymex+27.97) JKM=$31.525(June,Nymex+25.45)

Today 08:19 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 19144553H/
On 04-Apr-2022, BlackRock increased from 8.45% to 8.47% and adjusted their Securities Lending and CFD.

Today 07:00 Chariot Limited (CHAR)
Green Hydrogen MoU with the Port of Rotterdam
https://www.investegate.co.uk/chariot-l ... 00063938H/
Further to the Company's announcement on 27 September 2021, relating to the green hydrogen project in Mauritania, Chariot (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce that it has signed a Memorandum of Understanding ("MoU") with the Port of Rotterdam International..."We are excited to be teaming up with Chariot, to help with the distribution element of their green hydrogen project in Mauritania. The project could turn Mauritania into a leading supplier of green hydrogen to Europe, making it one of the largest energy projects of its kind in the world."

Today 07:00 Diversified Energy (DEC)
Exercise of Stock Options
https://www.investegate.co.uk/diversifi ... 00063965H/
Diversified Energy Company PLC (LSE: DEC) announces the exercise of 60,000 vested Stock Options, previously awarded to members of its senior management team. The Company withheld 48,220 shares to satisfy the underlying £0.84 exercise price and related employee tax withholding. Accordingly, Diversified issued and allotted an aggregate of 11,780 new ordinary shares

Today 07:00 Egdon Resources PLC (EDR)
Government Announcement on Shale Gas
https://www.investegate.co.uk/egdon-res ... 00063960H/
welcomes the Government's announcement of 5 April 2022 of a scientific review of shale gas by the British Geological Survey. The review is to report before the end of June 2022....Egdon holds a significant portfolio of shale gas licences covering an area of 151,742 net acres (614 square kilometres) with estimated mean volumes of undiscovered gas in place of 37.6 trillion cubic feet. Egdon's primary focus is the Gainsborough Trough where the results from the 2019 Springs Road-1 well highlighted a potentially world class resource in the Gainsborough Shale.

Today 07:00 Vaalco Energy Inc (EGY)
PDMR Share Dealing
https://www.investegate.co.uk/vaalco-en ... 00073962H/
Restricted shares vest for general counsel

Today 07:00 GETECH Group plc (GTC)
Trading Update and Outlook
https://www.investegate.co.uk/getech-gr ... 00053895H/
FY2021 revenue from geoenergy products and services rose c. 20% to £4.3m (2020: £3.6m), in line with market expectations;
o orderbook grew by 25% to £3.3m at 31 December 2021 (31 December 2020: £2.7m);
o focus on responsible capital management with strong net cash position of £5.1m at 31 December 2021; and
o growth in revenues and sales continued into FY2022 with robust Q1 22 performance, facilitating a strong outlook ahead.

Today 07:00 Jadestone Energy PLC (JSE)
Canadian reporting status and Notice of Results
https://www.investegate.co.uk/jadestone ... 00053351H/
nnounces that the Company's application to the securities regulatory authorities in the Canadian provinces of British Columbia and Alberta to cease to be a Canadian reporting issuer has been granted....the Company will report its annual audited results and recommend a final dividend for the year ended 31 December 2021 on or before 6 June 2022, rather than the Company's usual mid-April reporting schedule.The Company's 2021 Annual Report and Notice of AGM will also be issued on or before 6 June 2022, with the Company's 2022 AGM being held in late June 2022. The final dividend in respect of 2021 will be paid shortly after the AGM.

Today 07:00 Wentworth Resources (WEN)
Full Year 2021 Results
https://www.investegate.co.uk/wentworth ... 00063936H/
Another year of exceptional operational and financial performance with record production in Q1 2022
· Declaring a final dividend of 1.16 pence per share ($2.7 million); a total dividend distribution in respect of 2021 of 1.73 pence per share ($4.0 million) representing a yield of approximately 8.0% (calculated on an annualised basis), an increase from 2020 total distributions of $3.8 million
· Share buyback programme to support capital return philosophy initiated in December 2021 and c. $2.6 million returned to date
· Revenues increased by 26% to $23.8 million (2020: $18.9 million), underpinned by long-term fixed gas price contracts and strong production
· Adjusted EBITDAX increased by 40% to $13.6 million (2020: $9.6 million)
· Net profit increased by 79% to $6.1 million (2020: $3.4 million)
· Increasingly robust balance sheet, remaining debt free with a cash balance of $22.8 million (2020: $17.8 million)
· Average gross daily gas production of 81.6 MMscf/d (2020: 65.5 MMscf/d) exceeded guidance which was revised upwards in June 2021
· Low operational cost of production of $0.54/Mscf
· Wentworth gross 2P Reserves estimated to be 135.2 Bcf with an after-tax NPV10 of US$108.1 million, as at 31 December 2021
· Production guidance for 2022 has been set at 75 - 85 MMscf/d, raising the guidance band by 5 MMScf/d across the board compared to 2021
· The contracted price for gas produced at Mnazi Bay production has increased from $3.35/MMbtu to $3.44/MMbtu; effective from 1 January 2022

Today 07:00 Arrow Exploration (AXL)
DIRECTOR/PDMR EXERCISE OF OPTIONS
https://www.investegate.co.uk/arrow-exp ... 00073986H/
on 15 February 2022, Marshall Abbott (CEO) exercised, for cash, 400,000 options at C$0.05 per common share of no par value ("Common Share"), and on 16 February 2022, Max Satel, PDMR, exercised 375,000 options at C$0.05 per Common Share in return for the issue of 375,000 new Common Shares. Following the exercise of the Options, the Company shall have a total of 16,339,000 options in issue under the Plan.
In addition to this, the Company announces that pursuant to the receipt of notice for the exercise of warrants issued in October 2021, it has issued 50,000 new Common Shares.

Today 07:00 Eco (Atlantic) O&G (ECO)
Result of Oversubscribed Equity Fundraise
https://www.investegate.co.uk/eco--atla ... 00074119H/
successful completion of an oversubscribed Equity Fundraise. A total of 64,885,496 new Common Shares in the capital of the Company have been conditionally placed with, or subscribed for by, new and existing institutional investors at a price of £0.30 per Placing Share (or, for Placees in Canada, CAN$0.50) (the "Issue Price"). On settlement, the Equity Fundraise will raise gross proceeds of approximately £19.5 million (approximately US$25.5 million) for the Company before expenses...In aggregate, the new Common Shares to be issued pursuant to the Equity Fundraise represent 28.8% of the issued share capital of the Company prior to the Equity Fundraise

Today 07:00 Igas Energy PLC (IGAS)
Final Results
https://www.investegate.co.uk/igas-ener ... 00073985H/
We have made excellent progress on large scale geothermal, with specific provision now being made for drilling of geothermal wells in the Government's recently launched Green Heat Network Fund (GHNF). This now gives us a clearer line of sight to development as we firm up a number of rapidly emerging opportunities.
Successful redetermination under the Group's Reserve Based Lending facility (RBL) concluded in December 2021 confirming £19.3 (US$26.2) million of debt capacity and headroom of £7.1 million as at 31 December 2021.
· 231,000 bbls are currently hedged for 2022 using swaps at an average price of $74/bbl and 129,000 bbls using puts with an average guaranteed minimum price, net of premiums, of $46/bbl. 15,000 bbls hedged for Q1 23 using swaps at $95/bbl.
· Excluding hedging costs of £6.6 million, net cash generated from continuing operating activities for the year was £13.9 million (2020: £(1.0) million).
· Cash balances as at 31 December 2021 were £3.3 million with net debt unchanged from 2020 year-end at £12.2 million.
· The Group invested £4.8 million across its asset base during the year (2020: £8.4 million).
· In 2022, we are forecasting a total £7.4 million of capital expenditure including site improvements, near term incremental projects to generate c.70-100 boepd, as well as longer term development projects. In addition, we have £1.8 million of cash outflow in 2022 for projects executed towards the end of 2021.
· Ring fence tax losses at 31 December 2021 were £268 million.
Net production, in line with guidance, averaged 1,962 boepd for the year, with operations, maintenance and project activities all being directly and indirectly impacted by COVID-19. Excluding COVID impacts, production would have been c.2,100 boepd.
· Underlying operating costs for the year were c.$37/boe (at an average 2021 exchange rate of £1:$1.38).
· In 2022, we anticipate net production of c.2,000 boepd and operating costs of c.$38/boe (assuming an exchange rate of £1:$1.35), albeit subject to the ongoing challenges that COVID-19 still presents.
o Stoke-on-Trent will be the first project to apply to the [Green Heat Network] fund and we are working with SSE to agree the Thermal Purchase Agreement by Q3 2022;
o Currently in discussions with six off takers, across six separate sites which equates to c.60-70 megawatts of installed heat generation; and
o Expect to announce the acquisition of our first site in the Manchester area in H1 2022.
Down 12%

Today 07:00 TransGlobe Energy (TGL)
TransGlobe Energy Corporation Operations Update
https://www.investegate.co.uk/transglob ... 00073975H/
· Production averaged 12.4 MBoepd in Q1, 2022 (See "Oil & Gas Advisories" for production by product type);
· Two 100% working interest (one 2-mile, one 1-mile) Canada Harmattan horizontal Cardium reservoir development wells were drilled in Q1, 2022;
· Drilled and cased three Egypt Eastern Desert development wells in Q1, 2022;
· Production has been restored at the South Ghazalat SGZ-6X well;
· A cargo of Egypt crude oil is scheduled to lift through the end of April and into early May;
· The Company ended Q1, 2022 with ~$37 million cash.

Yesterday 17:58 Pantheon Resources (PANR)
TR-1: Notification of major holdings
https://www.investegate.co.uk/pantheon- ... 58133873H/
On 1 April 2022, Sanjay Motwani increased from 0% to 3.05%.

Yesterday 17:24 Eco (Atlantic) O&G (ECO)
PrimaryBid Retail Offer
https://www.investegate.co.uk/eco--atla ... 24223829H/
s pleased to announce a conditional offer for subscription via PrimaryBid (the "RetailOffer") of new Common shares of nil-par value each in the Company ("Retail Offer Shares") at an issue price of 30 pence per Retail Offer Shares (the "Issue Price ").
As announced earlier today, the Company is also conducting a placing of new Common Shares at the Issue Price by way of an accelerated bookbuild process (the "Placing") to raise up to approximately US$21m. In addition, the Company has announced that Africa Oil Corp intends to subscribe for up to US$4m of new Common Shares at the Issue Price by way of a subscription (the "Subscription", together with the Placing and Retail Offer, the "Equity Fundraise ").
Had been up to 40p lately, but it's only been above 30p since February.

Yesterday 17:01 Eco (Atlantic) O&G (ECO)
Launch of Equity Fundraise of up to US$25 million
https://www.investegate.co.uk/eco--atla ... 01483781H/
It is intended that the Equity Fundraise will result in the Company raising total gross proceeds of up to approximately US$25 million (approximately GBP19.05 million, CAN$31.10 million ). The net proceeds of the Equity Fundraise are intended to be used primarily to fund Eco's share of the drilling of the Gazania-1 well on Block 2B offshore South Africa, estimated to be approximately US$23 million, to cover G&G expenses across the Group's portfolio and license fees in Namibia and on Block 3B/4B in South Africa as well as for general working capital purposes. It is expected that drilling of the Gazania 1 well will commence in September 2022 ahead of a relevant deadline under the licence for the Azinam Blocks.

Yesterday 17:00 Harbour Energy PLC (HBR)
Publication of Annual Report and Notice of AGM
https://www.investegate.co.uk/harbour-e ... 00063776H/
it has today published its Annual Report and Accounts for the financial year ended 31 December 2021 (the "2021 Annual Report") along with its 2021 ESG Report. In addition, the Company has today posted to shareholders the Notice of Annual General Meeting ("AGM"). The AGM will be held at No.11 Cavendish Square, London, W1G 0AN, at 10.00am on Wednesday 11 May 2022.

Yesterday 16:56 Genel Energy PLC (GENL)
Director/PDMR Shareholdings
https://www.investegate.co.uk/genel-ene ... 5655EWEDH/
the Company granted awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan ('PSP') and Deferred Bonus Plan ('DBP') on 4 April 2022 to the PDMRs set out below.

Yesterday 16:44 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 4400Z9500/
Divi reinvestment

Yesterday 16:02 Angus Energy PLC (ANGS)
Result of AGM
https://www.investegate.co.uk/angus-ene ... 02503704H/
Results of AGM Angus Energy (AIM: ANGS) is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed. END. Enquiries: Angus Energy Plc www.angusenergy.co.uk George Lucan Tel: +44 (0) 208 8

Yesterday 15:42 Longboat Energy PLC (LBE)
Kveikje Presentation & Investor Webcast
https://www.investegate.co.uk/longboat- ... 42333689H/
it will be presenting the significant discovery at the Kveikje exploration well (35/10-8S) in licence PL293B via the Investor Meet Company platform.
The presentation will be made at 10.00 BST on Thursday 7 April 2022 and is open to all existing and potential shareholders. Anyone wishing to attend the online presentation should register for the event in advance via this link: https://www.investormeetcompany.com/lon ... r-investor.

Yesterday 15:14 BP PLC (BP.)
Additional Listing
https://www.investegate.co.uk/bp-plc--b ... 14383666H/
BP p.l.c. announces that it will issue and allot 165,105,654 ordinary shares in connection with the merger of BP Midstream RTMS LLC with and into BP Midstream Partners LP.

Yesterday 14:30 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 30043551H/
Discharging Managerial Responsibilities in respect of the 2022 grant of awards under the Company's Long-Term Incentive Plan and an additional grant under the 2021 Long-Term Incentive Plan. 1 Details of the person discharging managerial responsibilities / person closely associated

Yesterday 14:30 Energean PLC (ENOG)
Director/PDMR Shareholding
https://www.investegate.co.uk/energean- ... 30043561H/
Grant of conditional award over shares pursuant to the Company's Deferred Bonus Share Plan. The award will vest on the second anniversary of the grant date.

Yesterday 14:30 Energean PLC (ENOG)
Total Voting Rights
https://www.investegate.co.uk/energean- ... 30043547H/
the Company's issued share capital consists of 178,040,505 ordinary shares of 1p each with voting rights; (b) the Company does not hold any shares in Treasury; and (c)

Yesterday 14:26 Igas Energy PLC (IGAS)
Response to Government Announcement on UK Shale
https://www.investegate.co.uk/igas-ener ... 26133590H/
welcomes the Government's support in its announcement today of a scientific review of shale gas by the British Geological Survey before the end of June 2022.

Yesterday 13:29 Hunting PLC (HTG)
TR-1: Notification of major holdings
https://www.investegate.co.uk/hunting-p ... 29373540H/
On 04-Apr-2022, Schroders Plc reduced from 6.350% to 4.979%.

Yesterday 11:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00053055H/
On 01-Apr-2022, FMR LLC increased from 5.24% to 6.37%.

Yesterday 10:10 Petrofac Limited (PFC)
Director/PDMR shareholding
https://www.investegate.co.uk/petrofac- ... 1017EANWC/
the Company hereby makes the following notifications in respect of its Executive Directors and their awards of ordinary shares of US$0.02 each in the Company (the 'Shares') under the Petrofac Performance Share Plan ('PSP') and the Deferred Bonus Plan ('DBP'), which took place on 4 April 2022.

Hallucigenia
Lemon Quarter
Posts: 2675
Joined: November 5th, 2016, 3:03 am
Has thanked: 170 times
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Re: Hal's oily roundup

#492412

Postby Hallucigenia » April 7th, 2022, 10:03 am

Busy day for the "snake oil salesmen dressed up as experts, commentors or prophets on social media or internet chat platforms"

Brent=$102.21(April)              WTI=$97.36(April,Brent-4.85)   Nymex gas=$6.13(April)   
NBP =235.00p(April,Nymex+24.62) TTF=€105.575(April,Nymex+27.59) JKM=$30.485(June,Nymex+24.36)

Today 08:50 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 50566285H/
On 04-Apr-2022, Morgan Stanley reduced from 5.048% to 0%.

Today 07:38 Capricorn Energy PLC (CNE)
Director/PDMR Shareholding
https://www.investegate.co.uk/capricorn ... 38426129H/
on 6 April 2022, Simon Thomson, Chief Executive, had 451,560 ordinary shares of 21/13 pence each in the Company ("Ordinary Shares") accepted under the Tender Offer, at the Strike Price of £2.23 per Ordinary Share .

Today 07:00 Capricorn Energy PLC (CNE)
Share Repurchase Programme
https://www.investegate.co.uk/capricorn ... 00056116H/
Capricorn today announces that it will commence a share repurchase programme of its ordinary shares of 21/13 pence each (the "OrdinaryShares") of up to US$25,000,000 (the "Programme"). This Programme is part of our previously announced overall buyback programme of up to US$200,000,000 which the Company intends to instruct in tranches of up to US$25,000,000, to be carried out between JP Morgan Securities plc (" JPMS plc ") and Morgan Stanley & Co. International Plc acting as alternate principals for each tranche.

Today 07:00 Ashtead Tech Hldgs (AT.)
Trading Update
https://www.investegate.co.uk/ashtead-t ... 00045503H/
Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, is pleased to provide an update on trading. The Company continued to perform strongly in the first quarter of 2022, supported by good ongoing customer demand across both offshore wind, and oil and gas, end markets. The activity levels experienced in the first quarter are higher than the same period in the prior year, with utilisation rates remaining strong. This performance to date underpins the Board's confidence in meeting its expectations for the full year 2022.

Today 07:00 DCC PLC (DCC)
DCC plc Upcoming Events
https://www.investegate.co.uk/dcc-plc-- ... 00045459H/
DCC expects to announce its results for the year ended 31 March 2022 on 17 May 2022 and management will host a virtual results presentation at 9.00 a.m. BST. DCC will also host an event outlining DCC's energy strategy and the growth opportunities arising through energy transition at 1.00 p.m. BST on 17 May 2022. The virtual event will include presentations from senior management.

Today 07:00 Diversified Energy (DEC)
Exercise of Stock Options
https://www.investegate.co.uk/diversifi ... 00045521H/
Diversified Energy Company PLC (LSE: DEC) announces the exercise of 316,667 vested Stock Options, previously awarded to members of its senior management team. The Company withheld 252,599 shares to satisfy the underlying £0.84 exercise price and related employee tax withholding. Accordingly, Diversified issued and allotted an aggregate of 64,068 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of exercise...

Today 07:00 Enteq Technologies (NTQ)
Year-end Trading Update
https://www.investegate.co.uk/enteq-tec ... 00045472H/
Market recovery has resulted in revenues above expectations and adjusted EBITDA1 in-line. SABER2 technology development continues to be on-track, with sufficient cash to take it through commercialisation in 2022....Enteq's reported revenue for the second half of the financial year will be in the region of $4.9m, a significant increase over the $2.3m achieved in the first half. Revenue for the full year ended 31 March 2022, will thus be in the region of $7.2m, ahead of the Board's previous expectations....
Adjusted EBITDA for the year is expected to be $0.3m, in-line with expectations. The gross margin reflects a sales mix now including an increase in revenues relating to third-party technology partnership agreements. The cash balance as at 31 March 2022 was $4.9m ($5.3m as of 30 September 2021, $8.1m as of 31 March 2021) reflecting the scheduled on-going investment in technologies throughout the year, primarily the SABER technology development....The Company expects to announce its results for the year ended 31 March 2022 on 6 July 2022.

Today 07:00 Oil and Gas Devt Co (OGDC)
Resignation of Director
https://www.investegate.co.uk/oil-and-g ... 00036049H/
It is informed that Mr. Mumtaz Ali Shah, former Chief Secretary Sindh has resigned from the Board of Directors effective April 06, 2022.

Today 07:00 Path Investments plc (PATH)
Update on Acquisition
https://www.investegate.co.uk/path-inve ... 00045474H/
Path Investments plc (TIDM: PATH), is pleased to confirm that, following the passing of all resolutions at its General Meeting ("GM") held on 1 April 2022, that all other conditions precedent in respect of the acquisition of DG Innovate Limited (the "Acquisition") have been satisfied or waived, apart from the admission to the Standard Listing segment of the Official List and trading on the Main Market of the London Stock Exchange ("Admission"). Admission is expected to occur at 8am on 8 April 2022 at which time the Acquisition will complete.

Today 07:00 PetroTal Corp. (PTAL)
PetroTal Announces Social and Operational Updates
https://www.investegate.co.uk/petrotal- ... 00056051H/
On Wednesday April 6, 2022, Peruvian government officials reached an agreement with the Asociación Indigena de Desarrollo y Conservación de Bajo Puinahua ("AIDECOBAP"), to end the social protest, which has been blocking PetroTal's loading dock. AIDECOBAP was protesting against the government on three core issues: prosecution of protesting rights, allocation of the Basic Needs Trust capital to close the social gaps that exist in Peru, and that the government expedite the formalization of the Bretana 2.5% social fund, offered by PetroTal, into the Block 95 license contract....
In Q1 2022, PetroTal produced over 1 million barrels of oil, approximately 11,700 bopd, despite being significantly production constrained for most of March 2022. This is a PetroTal record for quarterly production...The Company's cash position at March 31, 2022 is approximately $53 million, of which $32 million is restricted.

Today 07:00 Prospex Energy PLC (PXEN)
Approval for Transfer of Ownership of UOG Italia
https://www.investegate.co.uk/prospex-e ... 00045534H/
Prospex Energy PLC, the AIM-quoted investment company focused on European energy projects, is pleased to announce that it has received approval from the Ministry of Ecological Transition ("MITE") for the change of control of 100% of UOG Italia S.r.l. ("UOG Italia") from United Oil and Gas plc (AIM:UOG) ("UOG") to Prospex. This was officially received on 4 April 2022 after close of business...Completion of the acquisition will occur when the deed of transfer is legally executed and funds are transferred to UOG to pay for the remainder of the acquisition cost, at which point a further announcement will be made.

Today 07:00 United Oil & Gas PLC (UOG)
Approval for Transfer of Ownership of UOG Italia
https://www.investegate.co.uk/united-oi ... 00055594H/
United Oil & Gas PLC is pleased to announce that it has received approval from the Ministry of Ecological Transition ("MITE") in Italy for the transfer of ownership of UOG Italia S.r.l. to Prospex Energy PLC ("Prospex"). The change of control was the final condition to be satisfied in the Sale and Purchase Agreement ("SPA") with Prospex, following the prior satisfaction of the fundraising condition by Prospex on 23 February 2022.

Today 07:00 Touchstone Explrtn. (TXP)
EXERCISE OF SHARE OPTIONS
https://www.investegate.co.uk/touchston ... 00055554H/
reports that certain employees exercised share options representing a total of 33,000 common shares of no par value in the Company ( " Common Shares " ) on April 6, 2022.

Today 07:00 Block Energy PLC (BLOE)
Q1 Operations Update
https://www.investegate.co.uk/block-ene ... 00055544H/
Strong exit Q1 production rate of over 630 boepd
· Q1 production of 46.1 Mboe (Q4: 34.6 Mboe) or an average of 512 boepd
· Q1 revenue of $2,361,000 (Q4: $2,550,000)
· Long-lead items received and gathering pipeline being built for well WR-B01 sidetrack

Today 07:00 Jadestone Energy PLC (JSE)
Appointment of Non-Executive Director
https://www.investegate.co.uk/jadestone ... 00056113H/
is pleased to announce the appointment of Jenifer Thien as an independent non-executive director of the Company with immediate effect....Jenifer Thien, a Malaysian national, is the Founder and Principal of Grit and Pace, through which she advises corporations on Environmental, Social and Governance (ESG) strategy and what it takes to drive change in supply chain, procurement and operational excellence. She has over 30 years of international senior executive experience in the consumer-packaged goods industry and had the opportunity to live and work in several countries across Asia and the US throughout her career. This includes 25 years with Mars, Incorporated, where she last served as the Global Chief Procurement Officer.

Today 07:00 Kistos PLC (KIST)
Final results for the period to 31/12/21
https://www.investegate.co.uk/kistos-pl ... 00055573H/
§ Year-end 2P reserves of 18.1 MMboe in the Q10-A gas field (Kistos 60% and operator).
§ Q10-A gas field produced at an average gross rate of 1.31 MM Nm3 per day on a pro forma basis in the year to 31 December 2021.
§ Successful drilling campaign commenced in July 2021 and completed in February 2022:
In January 2022, Kistos announced that it had reached agreement with TotalEnergies to acquire a 20% interest in the Greater Laggan Area (GLA) West of Shetland. This transaction is expected to complete in the second quarter of 2022, subject to customary regulatory and partner consents.
§ On a pro forma basis, this transaction is expected to add 6.2 MMboe of 2P reserves and 2.5 MMboe of 2C resources plus net production in 2022 of approximately 6,000 boe/d. This will increase Group production in 2022 to approximately 12,000 boe/d (net).
Pro forma adjusted EBITDA of €102.9MM in the 12 months to 31 December 2021
§ Loss after tax of €40.1MM reflects total impairments of €121.0MM.
§ Impairments of €121.0MM include €119.8MM related to the result of the Q11-B appraisal well, which did not encounter gas in the Slochteren formation.
Cash balances on 31 December 2021 were €77.3MM (30 June 2021, €59.1MM).
§ The Group is unhedged as of 1 April 2022.
In the event the average day-ahead gas price at the National Balancing Point exceeds 150p/therm in 2022, up to US$40 million will be payable in January 2023 [to Total as part of the GLA deal].
Production costs for the period following the acquisition of [Tulip Oil NL] was €6.1MM or €3.25 per MWh. The latter figure would have been 13% lower or €2.83 per MWh if the acquisition of TON had completed on 1 January 2021.
The Group reported adjusted EBITDA of €78.9MM or €41.68 per MWh in the 63 weeks to 31 December 2021. On a pro forma basis, adjusted EBITDA was €102.9MM or €29.73 per MWh in the period. The impairment of €121.0MM relates primarily to the failure of the Q11-B appraisal well to encounter gas in the Slochteren formation. It also included a total of €1.2MM for the restimulation of the Q10-A06 well (€1.4MM), the abandonment of Donkerbroek Hemrik (€0.4MM) and a reversal of the impairment of the partial abandonment of the Q10-A04 well (€0.6MM).

Today 07:00 SDX Energy PLC (SDX)
SD-5X WELL-TEST AT SOUTH DISOUQ CONCESSION EGYPT
https://www.investegate.co.uk/sdx-energ ... 00055553H/
an update on well-testing operations at the recent SD-5X (Warda) discovery well (SDX Working Interest: 36.85%) in the South Disouq Development lease. The well was perforated in the basal Kafr El Sheikh gas sand and was tested on 30 March 2022, opening the well for a two-hour clean-up period only. The well flowed at a controlled rate of 10.4 MMscf/d on a 26/64" choke. When connected, it is anticipated that the well will produce at an optimum stabilised rate of 8-9 MMscf/d. SD-5X will now be tied-in via a short connection (600 metres) to the SD-4X flow-line and into the CPF. It is estimated that the tie in cost will be c.US$0.5 million (gross) and that SD-5X will be on production in June 2022

Yesterday 17:41 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 41425444H/
shareholders at the 2021 Annual General Meeting of the Company, a total of 6,100,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 8 February 2022 (the "Programme") and as detailed below: London Stock...

Yesterday 17:30 FTSE Russell ()
Capricorn Energy
https://www.investegate.co.uk/ftse-russ ... 30015193H/
Following the receipt of updated shares in issue information for Capricorn Energy (UK, constituent) as a result of a tender offer buyback, please see details of affected indexes and effective dates below:

Yesterday 16:55 Longboat Energy PLC (LBE)
Holding(s) in Company
https://www.investegate.co.uk/longboat- ... 55255354H/
On 05/04/202 2, BlackRock reduced from 14.79% to 13.84%.

Yesterday 16:36 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 36165317H/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's up +21.4%. Over the last 2 weeks it's up +32.4%.

Yesterday 16:36 Europa Oil & Gas (EOG)
Price Monitoring Extension
https://www.investegate.co.uk/europa-oi ... 36115316H/
https://uk.finance.yahoo.com/quote/EOG.L/chart
On the day it's jumped +18.2% with a spike to +26%. Over the last 2 weeks it's up +23.8%.

Yesterday 16:36 i3 Energy PLC (I3E)
May 2022 Dividend Declaration
https://www.investegate.co.uk/i3-energy ... 36095309H/
i3 announces its May 2022 dividend totalling £1.1827 million and confirms the following:
Dividend: 0.105 pence/share
Ex-Dividend Date: 14 April 2022

Yesterday 16:23 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 23395297H/
On 05-Apr-2022, The Diverse Income Trust plc (Exeter UK) reduced from 4.81% to 3.899%.

Yesterday 15:44 Nostrum Oil & Gas (NOG)
Restatement of impairment charge in prior year
https://www.investegate.co.uk/nostrum-o ... 44045253H/
announces that following an identification of an error which came to light during its ongoing 2021 financial statements audit process, it intends to make a further US$40 million asset impairment charge in its prior year 2020 financial statements, increasing the impairment charge from US$245 million to US$285 million for the year ended 31 December 2020. The Company notes that its current intention, subject to completion of the audit, is to reverse all of this increased impairment in the 2021 financial statements due to the significant improvement in hydrocarbon pricing at the end of 2021 versus prices at the end of 2020.
Oops.

Yesterday 14:00 Egdon Resources PLC (EDR)
Price Monitoring Extension
https://www.investegate.co.uk/egdon-res ... 00225122H/
https://uk.finance.yahoo.com/quote/EDR.L/chart
On the day it's jumped +13.5% with a spike to +14%. Over the last 2 weeks it's jumped +35.5% with a spike to +36%.

Yesterday 14:00 Europa Oil & Gas (EOG)
Price Monitoring Extension
https://www.investegate.co.uk/europa-oi ... 00595126H/
https://uk.finance.yahoo.com/quote/EOG.L/chart
On the day it's jumped +18.2% with a spike to +26%. Over the last 2 weeks it's up +23.8%.

Yesterday 12:14 GETECH Group plc (GTC)
Holding(s) in Company
https://www.investegate.co.uk/getech-gr ... 14554984H/
On 05/04/2022, Stuart Hawthorne holding via Hargreaves Lansdown Nominees Limited increased from 7.1% to 8.02%.

Yesterday 11:55 Capricorn Energy PLC (CNE)
Result of Tender Offer
https://www.investegate.co.uk/capricorn ... 55124929H/
Under the terms of the Tender Offer, 171,073,128 Ordinary Shares will be purchased by Morgan Stanley at the Strike Price of 223 pence per share (being Average VWAP, rounded down to the nearest whole penny), representing approximately 34.52% of the Issued Ordinary Share Capital of the Company.

Yesterday 11:30 Canadian O'Seas Petr (COPL)
Market Clarification
https://www.investegate.co.uk/canadian- ... 30154899H/
wishes to reiterate its objectives for the 2022 year and address unfounded market rumours, through disinformation posted on social media and internet chat forums, with respect to its annual filings at December 31, 2021...As at December 31, 2021, COPL had cash and equivalents of $7.8 million. Cash at the end of the period was impacted by the approximately $3.2 million receivable for ongoing operations from Cuda Energy LLC currently in bankruptcy...
2021 has been a transformative year for the Company and we look to the future with renewed confidence. You will never hear this from "snake oil salesmen" dressed up as experts, commentors or prophets on our Company's business on social media or internet chat platforms due to their sole focus for their own nefarious personal gain.
Blimey, what's been going on there then? Other than the SP dropping by a third, obvs.

Yesterday 11:15 Borders & Southern (BOR)
Result of General Meeting and TVR
https://www.investegate.co.uk/borders-- ... 15024757H/
The Fundraising was conditional on the passing of two Resolutions at a General Meeting. The Company is pleased to announce that the General Meeting was held today in London and all Resolutions were duly passed by Shareholders.

Yesterday 11:01 Zenith Energy Ltd (ZEN)
New record profitability of Italian operations
https://www.investegate.co.uk/zenith-en ... 01174800H/
is delighted to announce that electricity production activities at the Torrente Cigno concession in Italy have achieved a new record in revenue generation and associated profitability. During the month of March 2022, the Company produced a total of approximately 1,015 MWh.
Electricity prices during the month of March 2022 averaged approximately EUR 295 per MWh, resulting in net revenues of approximately EUR 300,000 per month. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Yesterday 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00374809H/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's jumped +13.3% with a spike to +20%. Over the last 2 weeks it's up +16.4%.

Yesterday 11:00 Prospex Energy PLC (PXEN)
Price Monitoring Extension
https://www.investegate.co.uk/prospex-e ... 00454810H/
https://uk.finance.yahoo.com/quote/PXEN.L/chart
On the day it's ended in the usual range but at one point spiked up to +12%. Over the last 2 weeks it's up +24%.

Yesterday 10:14 Petrofac Limited (PFC)
Director/PDMR Shareholding
https://www.investegate.co.uk/petrofac- ... 1452EBXOT/
Pursuant to the Company's obligations under Market Abuse Regulation 19, the Company hereby confirms that ordinary shares (Shares) of US$0.02 each in the Company were purchased on 5 April 2022 for the following Directors at 104.60 pence per Share in accordance with their quarterly purchase. These purchases are in line with the Company's remuneration arrangements, as published in the 2021 Annual Report and Accounts:

Yesterday 10:01 Pantheon Resources (PANR)
Confirmation of Upcoming Webinar
https://www.investegate.co.uk/pantheon- ... 01224667H/
management will be hosting a Shareholder Presentation and Q&A session ("Webinar") at 5:30pm British Summer Time on Tuesday 26 April 2022, which will be open to all shareholders and interested parties.
In this Webinar the management team will discuss the outcomes and conclusions from the highly successful Theta West and Talitha #A drilling and testing operations this season, implications for future project definition and development, as well as next steps in the operational programme including an insight into the Alkaid #2 well planned for July 2022.

Yesterday 09:13 Lekoil Limited (LEK)
Nigerian injunction
https://www.investegate.co.uk/lekoil-li ... 13384574H/
notes that Lekoil Nigeria Limited and its subsidiaries, Lekoil Oil & Gas Investments Ltd, Mayfair Assets & Trusts Ltd, Lekoil 276 Ltd and Lekoil Exploration and Production Ltd (the "Plaintiffs")) have notified the Company of an ex-parte injunction granted by the Federal Court of Nigeria, Lagos Division, to restrain: (i) the transfer of interests in the Plaintiffs; (ii) altering the beneficial and/or equity rights of the Company in the Plaintiffs; and (iii) altering (or taking steps to alter) the Company's ownership, equity, share capital structure, rights or interest in the assets of the Plaintiffs.
The Company will take appropriate legal advice so it can assess its position and notes that the application was made, and the order was granted, without the Company having the opportunity to state its position. Further announcements will be made as appropriate.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#492709

Postby Hallucigenia » April 8th, 2022, 9:27 am

Angus/Sound deal falls through, Empyrean ready to spud, update from Aminex/Scirocco, Petrom's refining margins are up 6x on a year ago (!) and welcome to DG Innovate (née Path). Oh and more comedy in the Lekoil saga. Also worth noting that Nymex gas is at its highest since 2008 - can't liquify it fast enough....

Brent=$100.73(April)              WTI=$96.40(April,Brent-4.33)    Nymex gas=$6.37(April)   
NBP =242.00p(April,Nymex+25.18) TTF=€108.150(April,Nymex+28.06) JKM=$29.655(June,Nymex+23.29)


Today 07:00 Angus Energy PLC (ANGS)
Re Sound and Termination of FSP
https://www.investegate.co.uk/angus-ene ... 00037224H/
The Company notes the announcement made by Sound this morning in which it confirms it does not intend to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") to acquire Angus....The Company now announces that whilst it will continue its strategic review at the asset level only, as explained below, it has ended the "formal sale process" of the Company which it had commenced previously in accordance with Rules 2.4 and 2.6 of the Takeover Code. Accordingly, the Company is no longer in an offer period as defined by the Takeover Code...
Our Competent Persons Report of October 2021 gave a P90 valuation of £24 million (P50 of £34 million) to our interest in Saltfleetby, since which time confidence in our ability to achieve First Gas in June has risen, and the wider market has reflected this in our own share price.
After lengthy discussions on a possible combination with Sound, which we consider to have had merit, we were unable to agree terms.
The Company is pleased to continue discussions with two actively interested parties for part or all of our Licence interest at an asset level.

Today 07:00 Sound Energy PLC (SOU)
Re: Possible Offer for Angus Energy
https://www.investegate.co.uk/sound-ene ... 00027122H/
Further to its announcement on 18 January 2022 in relation to a possible all-share offer for the entire issued and to be issued share capital of Angus Energy Plc ("Angus"), Sound Energy confirms it does not intend to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") to acquire Angus.
Following Sound Energy's customary and well-established due diligence review process and after careful consideration, the Company has concluded that it will not pursue an acquisition of Angus as originally contemplated and outlined in its announcement of 18 January 2022.
We would like to thank the Angus management team for their time and consideration of this potential transaction.
The Company will maintain a disciplined framework while continuing to evaluate a range of compelling strategic opportunities.

Today 07:00 Aminex PLC (AEX)
Tanzania Operations Update
https://www.investegate.co.uk/aminex-pl ... 00037194H/
Whilst seismic operations continue, APT has further advanced the well planning for the CH-1 well with all long lead items contracts now executed. APT reports a target spud date for the CH-1 well in November 2022. Aminex, with a 25% non-operated carried interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex) and is expected to see the Company through to the commencement of commercial gas production from the Ntorya gas-field, scheduled for the end of 2024, at zero cost to the Company...
Aminex considers that any future drilling on the Kiliwani North Development Licence ("KNDL") is contingent upon an improved seismic resolution of the prospective target structures. The Company has reached an agreement with Pan African Energy Tanzania ("PAET") to utilise their high-resolution 3D seismic campaign, targeting a mid-year start, to receive approximately 12.5km² of valuable new high-resolution 3D coverage over KNDL, at no cost to the Kiliwani North joint venture. PAET will be acquiring high-resolution 3D seismic over the adjacent producing Songo Songo field, and the Kiliwani North joint venture will allow PAET to partially overlap the KNDL area to enable full-fold processing of the new 3D dataset up to the Songo Songo and KNDL boundary....
More than two years have passed since Aminex first notified the Ministry of Energy to move into the Second Exploration Period ("SEP") of the Nyuni Area PSA. Despite a number of exchanges with the Tanzanian authorities, the terms for entry into the SEP have not been agreed. Throughout, Aminex has sought an industry partner to progress a work programme on Nyuni with no success. Accordingly, the Company has opened discussions with the Tanzanian authorities regarding the return of the licence to the Ministry of Energy.

Today 07:00 Scirocco Energy PLC (SCIR)
Tanzania Operations Update
https://www.investegate.co.uk/scirocco- ... 00047228H/
Alongside the ongoing seismic operations, APT has further advanced the well planning for the CH-1 well with all long lead items contracts now executed. APT reports a target spud date for the CH-1 well in November 2022. As previously announced, APT's revised mapping and internal management estimates suggest a risked prospective gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (gross basis, mean case), in multiple lobes to be tested, and a prospective, risked recoverable gas resource of 1,990 Bcf (gross basis, mean case) considerably in excess of the Joint Venture's carried resource assessment - presenting significant upside opportunities in the well.

Today 07:00 DG Innovate PLC (DGI)
First Day of Dealings
https://www.investegate.co.uk/dg-innova ... 00027203H/
Path Investments plc, now renamed DG Innovate plc, has, on Admission, completed the acquisition of Deregallera Holdings Ltd (formerly DG Innovate Limited) ("DGI") for an initial consideration of £32.4 million satisfied by the issue to the DG Innovate Shareholders of 5,397,451,305 Initial Consideration Shares at a deemed issue price of 0.6 pence per Ordinary Share . Further conditional deferred consideration of up to £5.4 million, to be satisfied by the issue of up to 895,610,844 Deferred Consideration Shares on the first anniversary of completion, will become payable should DG Innovate sign one or more supply agreements for the provision of their motor technology with certain defined customers prior to this date with a combined potential value of £5.0 million or more.
In its energy storage development, which commenced in 2013, DGI has focused on developing anode active materials as a key enabling technology for sodium-ion batteries. DGI is in collaboration or commercial contact with several companies throughout the supply chain with the view towards volume commercialisation in the medium term.
DGI has developed a significant intellectual property portfolio since its foundation, including a novel electric motor and corresponding architecture and a suite of energy storage materials (including sodium-ion cells and supercapacitors). It has been granted 11 patents during this time, with a further seven pending and a number of drafts under consideration.

Today 07:00 Lekoil Limited (LEK)
Result of EGM
https://www.investegate.co.uk/lekoil-li ... 00027244H/
"The Company would like to thank its shareholders for approving both resolutions at the EGM. In particular, the vote in favour of entry into the Option Agreement was overwhelmingly endorsed by our shareholders (other than those associated with Lekoil Nigeria) and is a clear validation of the transactions with Savannah Energy. The voting also puts into context the recent actions of Mr. Akinyanmi and Lekoil Nigeria as they attempt to stifle the smooth running of the Company. The Company will continue with the work necessary to have the Company's shares unsuspended and continue with the steps necessary to recover its investments in the Lekoil Group."

Today 07:00 OMV Petrom S.A. (PETB)
Q1/22 Trading Update
https://www.investegate.co.uk/omv-petro ... 00047725H/
Production down 13% but refining margin up from $2.80 to $18!!!

Today 07:00 Zephyr Energy PLC (ZPHR)
Production update from Williston Basin portfolio
https://www.investegate.co.uk/zephyr-en ... 00047266H/
Basin portfolio averaged 1,643 barrels of oil equivalent per day ("boepd") net to Zephyr, ahead of previous expectations and representing a record-breaking production quarter for the Company. o 80% of produced volumes were oil · In total, Zephyr received circa US$6 million in cash flow (net to Zephyr) from its non-operated portfolio in March 2022, the first month in which revenues from the Acquisition...

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Issue of Private Placement Shares
https://www.investegate.co.uk/falcon-oi ... 0000H5956/
is pleased to announce that, following the approval of the TSX Venture Exchange, it has issued a total of 62,500,000 Common Shares (“Placing Shares”) at a price of CAD$0.20 per share to Sheffield Holdings LP for gross proceeds of US$10 million pursuant to the private placement announced on 31 March 2022.

Today 07:00 88 Energy Limited (88E)
Project Icewine - Preliminary Mapping Complete
https://www.investegate.co.uk/88-energy ... 00047248H/
Preliminary independent third-party mapping using available well information from presentations publicly released by neighbouring acreage holder, Pantheon Resources (AIM:PANR) ( Pantheon ), plus internal 88E data, including Icewine-1 and Icewine-2 well logs and existing 2D seismic, indicates that all play fairways extend into the Project Icewine lease holding.
The source rocks (GRZ/HRZ) for the Brookian plays within the Project Icewine area are modelled to be within the oil mature window, with historical wells reporting abundant oil shows and interpreted oil saturations from electric log data.

Today 07:00 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 00047255H/
Additionally, today, under its Long-Term Incentive Plan, the Company issued options over a total of 42 million ordinary shares of 0.25p each ("LTIP Options") to executive directors/PDMRs, employees and consultants. The LTIP Options have an expiry date ten years from the date of grant

Today 07:00 Empyrean Energy PLC (EME)
Block 29/11, China - NH9 rig on Jade location
https://www.investegate.co.uk/empyrean- ... 00047746H/
China Offshore Services Limited ("COSL") towed the NH9 rig to the Jade well location and is currently in the process of anchoring the rig in place.
Once safely and securely anchored in place, preparations to rig up in preparation to spud the well will immediately follow. At this stage, it is anticipated that the well will spud on or around 10 April.

Today 07:00 Nostra Terra O&G Co (NTOG)
Extension to Exercise Period for Placing Warrants
https://www.investegate.co.uk/nostra-te ... 00267229H/
it has resolved to extend the existing deadline for the warrants exercisable at 0.60p (the "Warrants") from 8 April 2022 until 8 April 2023. This "one off" measure has been implemented to enable holders of the Warrants an opportunity to exercise pursuant to the terms of the original warrant instrument but were unable to do so during the current pandemic situation. The subscription rights of the Warrants are over 73,611,000 Ordinary Shares in the Company. In addition, the Company will have the opportunity of subscription proceeds of up to £441,667.

Today 07:00 SDX Energy PLC (SDX)
SPUDDING OF MSD-20 WELL
https://www.investegate.co.uk/sdx-energ ... 00047234H/
is pleased to announce the spudding of the MSD-20 infill development well on the Meseda field. This well is the third in a fully funded 13-well development drilling campaign on the Meseda and Rabul oil fields in the West Gharib concession in the Egyptian Eastern Desert. The campaign is aimed at growing production to c.3,500 - 4,000bbl/d by early 2023.

Yesterday 18:40 BP p.l.c. (BP.)
Release of a capital market information
https://www.investegate.co.uk/bp-p.l.c. ... 4002EGNMB/
BP p.l.c. (the "Company") announces that on 7 April 2022 it has purchased, in accordance with the authority granted by shareholders at the 2021 Annual General Meeting of the Company, a total of 6,150,000 of its ordinary shares of $0.25 each

Yesterday 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40387139H/
a total of 6,150,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 8 February 2022

Yesterday 17:34 Seplat Energy PLC (SEPL)
Director/PDMR Shareholding
https://www.investegate.co.uk/seplat-en ... 34567132H/
The Company was notified of the purchase of 204,752 ordinary shares registered in the name of Dr. Charles Chinedu Okeahalam, an Independent Non- Executive Director of the Company.

Yesterday 16:35 Oilex Ltd (OEX)
Price Monitoring Extension
https://www.investegate.co.uk/oilex-ltd ... 35337025H/
https://uk.finance.yahoo.com/quote/OEX.L/chart
On the day it's jumped +16.7% with a spike to +20%. Over the last 2 weeks it's jumped +40% with a spike to +44%.

Yesterday 16:35 Borders & Southern (BOR)
Price Monitoring Extension
https://www.investegate.co.uk/borders-- ... 35587029H/
https://uk.finance.yahoo.com/quote/BOR.L/chart
On the day it's down -22.2%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:06 Lekoil Limited (LEK)
Extraordinary General Meeting Confirmation
https://www.investegate.co.uk/lekoil-li ... 06436994H/
the extraordinary general meeting to be held today (7 April 2022) will be held at 4.00 p.m. Greenwich Mean Time (GMT)/ 5.00 p.m. British Summer Time (BST). The Company confirms that it has received professional advice that the EGM can proceed notwithstanding the injunction bought by Lekoil Nigeria, as notified to the market on 6 April 2022.

Yesterday 15:38 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 38416977H/
On 06-Apr-2022, Newtyn Management, LLC (New York United States) increased from 0% to 4.272%.

Yesterday 15:17 Caspian Sunrise plc (CASP)
Review of Q1 2022
https://www.investegate.co.uk/caspian-s ... 17346953H/
The year began with the first significant instance of civil unrest for several years. In early January we were forced to suspend all operational activity for a brief period. While this had only a small impact on the quantity of oil produced it had a bigger impact at Well 142, which was at a crucial point and will now need a further side-track before being brought back into production.
Our oil reaches the international market through the Russian oil pipeline network. While we have not experienced any issues in transporting our oil there has been an impact on the price at which the oil is sold, as all oil emerging from the Russian pipeline network is termed Urals Oil and is now subject to a $25 - $35 per barrel discount to Brent.

Yesterday 15:01 Arrow Exploration (AXL)
Holding(s) in Company
https://www.investegate.co.uk/arrow-exp ... 01366927H/
On 06-Apr-2022, Spreadex LTD reduced from 5.897% to 4.692%.

Yesterday 12:27 Lekoil Limited (LEK)
Cayman winding up petition
https://www.investegate.co.uk/lekoil-li ... 27576763H/
it has received a winding up petition for the Company filed by Mr. Akinyanmi (the "Petition"). The Petition is based on alleged "oppressive conduct" by the Company, its directors and certain shareholders in "seeking to engineer a takeover of the Company" and in breaching certain intercompany financing and management agreements.

Yesterday 10:03 Serica Energy PLC (SQZ)
Notification of FY 2021 Results
https://www.investegate.co.uk/serica-en ... 03166418H/
will announce its Full Year results for the 12 months ended 31 December 2021 on Thursday 21 April 2022. A conference call for analysts will be held at 10.00 a.m. (UK time) on Thursday 21 April 2022.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#493469

Postby Hallucigenia » April 11th, 2022, 12:49 am

Might as well get the Friday daytime stuff out of the way.

Friday 16:36 Rockhopper Exp plc (RKH)
Price Monitoring Extension
https://www.investegate.co.uk/rockhoppe ... 36168554H/
https://uk.finance.yahoo.com/quote/RKH.L/chart
On the day it's down -8.1%. Over the last 2 weeks it's been in the usual range.

Friday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35298546H/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's dropped -19.6%. Over the last 2 weeks it's down -22.1%.

Friday 14:00 DG Innovate PLC (DGI)
Price Monitoring Extension
https://www.investegate.co.uk/dg-innova ... 00308414H/
https://uk.finance.yahoo.com/quote/DGI.L/chart
Up 24% on the suspension price.

Friday 12:37 Block Energy PLC (BLOE)
Director/PDMR Shareholding
https://www.investegate.co.uk/block-ene ... 37178338H/
it was advised by Dr Kenneth Seymour, a non-executive director of the Company that today, in a "Bed and ISA" transaction, he sold 553,795 ordinary shares of 0.25p each ("Ordinary Shares") at a price of 1.10 pence per share and purchased the same number of Ordinary Shares at a price of 1.24 pence per share. Following these transactions, Dr Kenneth Seymour's resulting beneficial holding is unchanged at 1,135,888 Ordinary Shares

Friday 11:51 Angus Energy PLC (ANGS)
Update on installation schedule at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 51138253H/
Remaining civil engineering is limited to bunding works around select skids and tanker offtake areas. Welding continues at pace, with some 500 butt-welds now completed. Dry commissioning is expected to begin on 26 April with select hydrotesting of key site pipework. This will be augmented with electrical and control tests during early May. Wet commissioning is expected to begin at or around 15 May and is expected to last approximately two weeks. The Company continues to target First Gas by 1 June allowing for one full month of unhedged production.

Friday 09:55 Empyrean Energy PLC (EME)
Exercise of Warrants
https://www.investegate.co.uk/empyrean- ... 55547939H/
it has received a notice to exercise warrants (exercise price 9p per Warrant) over a total of 511,111 Ordinary Shares (the "Warrant Shares"), for which funds of £ 45,999.99 have been received by the Company.

Friday 09:42 IOG PLC (IOG)
Holding(s) in Company
https://www.investegate.co.uk/iog-plc-- ... 42327924H/
On 7 April 2022, London Oil & Gas Limited (In Administration) reduced from 27.87% to 26.99%.

Friday 09:38 Oilex Ltd (OEX)
Cambay India Production and C-77H Re-frac Update
https://www.investegate.co.uk/oilex-ltd ... 38477922H/
Subsequent to the receipt of the Consent to Operate from the Gujarat Pollution Control Board, production has re-commenced on the Cambay field together with gas sales.Oilex's Chief Executive Officer, Roland Wessel, said:
"The re-establishment of production from the Cambay gasfield has occurred soon after the Indian government announced that the price of domestic gas would more than double from $2.9 per mmbtu to $6.1 per mmbtu. This will provide a material benefit to Oilex's cash flow."

Friday 09:00 DG Innovate PLC (DGI)
Availability of Research Report
https://www.investegate.co.uk/dg-innova ... 00067885H/
DG Innovate plc , is pleased to note the publication of a Research Report on the Company by Align Research which may be accessed via: http://www.alignresearch.co.uk/cpt-company/dg-innovate/

Friday 09:00 Caspian Sunrise plc (CASP)
Price Monitoring Extension
https://www.investegate.co.uk/caspian-s ... 00367890H/
https://uk.finance.yahoo.com/quote/CASP.L/chart
On the day it's down -4.8% having touched -11%. Over the last 2 weeks it's down -20%.

Hallucigenia
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Re: Hal's oily roundup

#493529

Postby Hallucigenia » April 11th, 2022, 10:39 am

I guess the Afentra deal in Angola is the eye-catching one, with important wells for Longboat and Empyrean spudding. Gas prices - or at least the Nymex/ROTW spread are easing a bit.

Brent=$100.52(April)              WTI=$95.93(April,Brent-4.59)    Nymex gas=$6.33(April)   
NBP =224.46p(April,Nymex+22.92) TTF=€103.000(April,Nymex+26.60) JKM=$29.205(June,Nymex+22.88)

Today 08:28 Quadrise Fuels Intnl (QFI)
Commercial Development Agreement with Valkor
https://www.investegate.co.uk/quadrise- ... 28379285H/
is pleased to announce the execution of a phased Commercial Development Agreement ("CDA") with Valkor Technologies LLC ("Valkor") headquartered in Park City, Utah, to commercialise Quadrise's MSAR ® and bioMSAR ™ technology at Valkor's projects in Utah state in the USA....Full commercial terms for an MSAR ® and/or bioMSAR ™ License and Supply Agreement at the Primary Project would then be concluded no later than October 2022....Net profits generated under the License and Supply Agreement(s) or Tolling Agreement(s) are to be shared between Quadrise and Valkor, based on the respective contribution by each party to the deployment of QFI technology for each project.

Today 08:26 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 26069359H/
On 07-Apr-2022, BlackRock, Inc. (Wilmington USA) reduced from 8.47% to 6.84%.

Today 08:00 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 0051ERFSM/
all payments have now been received from the Kurdistan Regional Government ('KRG') relating to oil sales during December 2021...Following the receipt of the receivable recovery payment, Genel is now owed $97 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

Today 07:30 Prospex Energy PLC (PXEN)
Conversion of Warrants and TVR
https://www.investegate.co.uk/prospex-e ... 30068801H/
it has received notice for the exercise of warrants to subscribe for 1,000,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to an individual pursuant to a warrant agreement dated 23 February 2022 which related to a placing announced by the Company in March 2021. The exercise price is 3 pence per New Ordinary Share.

Today 07:18 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 18429289H/
on 8 April 2022, it purchased [148,731] of its ordinary shares of 21/13 pence each on the London Stock Exchange through J.P. Morgan Securities plc.

Today 07:01 Touchstone Explrtn. (TXP)
GRANT OF ANNUAL SHARE OPTIONS
https://www.investegate.co.uk/touchston ... 01068758H/
announces the grant of 2,946,000 share options on April 8, 2022 to its executive officers, non-executive directors and key employees in accordance with the Company's shareholder approved stock option plan.

Today 07:00 Aminex PLC (AEX)
Final Results and Annual Report 2021
https://www.investegate.co.uk/aminex-pl ... 00099279H/
Our non-operating corporate strategy rests on four pillars: (i) our successful completion of the Ruvuma Farm-Out to ARA Petroleum Tanzania Limited ("APT"), a highly competent and well-funded Operator; (ii) our significant cost-cutting, which has reduced our operating expenses by nearly 75 percent over the past four years; (iii) our successful negotiation of the Kiliwani receivables and (iv) receipt of funds from our recent equity placing which are forecast to cover our running costs (before one-off and exceptional items) until receipt of Ruvuma revenue, planned for the end of 2024. This de-risking strategy has made Aminex a stronger company with a low-cost base and entirely carried position on Ruvuma, providing a solid financial position until the commencement of cash flow receipts from Ruvuma. It will also allow the Company to utilise its solid financial position to grow further.
• Reduction in gross G&A costs (before one-off costs and exceptional items) to below US$1.5 million per annum in 2022, representing a 75% reduction from 2018 levels
• Loss for the year of US$8.56 million (2020: loss of US$6.14 million)
Unusual strategy of not putting any financials in the RNS, you have to go to their website for the grisly details :
http://admin.aminex-plc.com/uploadfiles ... counts.pdf

Today 07:00 Afentra PLC (AET)
Acquisition Update
https://www.investegate.co.uk/afentra-p ... 00088764H/
Sonangol E.P ('Sonangol') 1 has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23 (the "Acquisition"). This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the subsequent suspension of Afentra shares...., it would be classified as a reverse takeover transaction in accordance with Rule 14 of the AIM Rules for Companies. Trading in Afentra shares will remain suspended

Today 07:00 Angus Energy PLC (ANGS)
Placing
https://www.investegate.co.uk/angus-ene ... 00088768H/
is pleased to announce that it has has raised, in aggregate, gross proceeds of £675,000 through the placing of 61,363,634 Ordinary Shares (the "Placing Shares") to certain investors at a price of 1.1 pence per share, conditional only on Admission. The net proceeds of the Placing will be applied towards working capital and general costs.
Touched 1.45p last week, although still well up YTD.

Today 07:00 Vaalco Energy Inc (EGY)
AVOUMA 3H-ST DEVELOPMENT WELL
https://www.investegate.co.uk/vaalco-en ... 00099274H/
With the drilling of the Avouma 3H-ST well, VAALCO continues the success of our 2021/2022 drilling campaign. We are very excited by the high-quality Gamba sands that we encountered drilling the Avouma 3H-ST well. The well confirms the extension of the Avouma field into an updip location that should lead to increased recovery at Avouma and opens the potential for additional development well opportunities. The continued success of our drilling campaign further demonstrates the quality of our premier Etame asset. We expect the well to be online in the next few weeks and will provide the market with an update when we have initial production data.

Today 07:00 Longboat Energy PLC (LBE)
Spud of Cambozola Exploration Well
https://www.investegate.co.uk/longboat- ... 00099284H/
is pleased to announce the commencement of drilling operations on the Cambozola exploration well (Company 25%) in Norway. ...Cambozola is a play opener and one of the largest gas prospects to be drilled in Norway in 2022. In particular, the turbidite sand lobes of Lower Cretaceous age stand out as amplitude anomalies on seismic data. Gross unrisked mean prospective resources for the entire Cambozola prospect have been estimated at 159 mmboe1. In the event of a successful discovery on Cambozola, there will be follow-up prospectivity on the licences. The drilling of the Cambozola well 34/9-1S , operated by Equinor, is being undertaken by the Deepsea Stavanger semi-submersible drilling rig and is expected to take up to 14 weeks to drill.

Today 07:00 Empyrean Energy PLC (EME)
Drilling commences at Jade prospect
https://www.investegate.co.uk/empyrean- ... 00099273H/
· LH 17-2-1 well spudded on Jade prospect at 19:30 on 10 April 2022
· 36" surface hole was drilled down to 588 metres Measured Depth ("MD")
· Current operations are installation of the 30" surface conductor

Today 07:00 Lamprell plc (LAM)
MOU for offshore floating wind project
https://www.investegate.co.uk/lamprell- ... 00099272H/
is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with NOV, a leading energy services company, to support its delivery of three 1 gigawatt (GW) offshore floating wind farms for Cerulean Winds, the UK-based floating offshore wind farm and green hydrogen infrastructure developer. Under the terms of the MoU, NOV has stated its intent to use Lamprell as its provider for the fabrication, assembly and outfitting in relation to the construction of NOV designed tri-floaters to be used as floating foundations for the three wind farms....
In June 2021, Cerulean applied to develop a 3GW+ floating wind turbine project at sites West of Shetland and in the Central North Sea. NOV was named as the first of Cerulean's major delivery partners for fabrication for this proposed 200+ turbine development and will act as the exclusive provider of floating and mooring systems. If approved, the project is anticipated to be commissioned in 2026.

Today 07:00 Coro Energy PLC (CORO)
Signature of Power Purchase Agreement in Vietnam
https://www.investegate.co.uk/coro-ener ... 00088751H/
is pleased to announce the entry into a 25 year Power Purchase Agreement ("PPA") for its rooftop solar project in Vietnam. The PPA has been entered into by Coro Renewables Vietnam (85% owned by Coro and 15% owned by Coro's local partner Vinh Phuc Energy JSC) and will see Phong Phu, a listed Vietnamese high volume manufacturer of textiles, purchase 3MW of electricity annually from the previously announced 5MW project for the 150MW rooftop solar project previously announced.

Today 07:00 Prospex Energy PLC (PXEN)
Completion of Selva Acquisition
https://www.investegate.co.uk/prospex-e ... 00098800H/
has completed the acquisition of the 20 percent share of the Podere Gallina licence which contains the Selva Gas Field in the Po Valley region of Italy. The Selva Gas Field is scheduled to come into production by Q2 2023.... The Company has now paid UOG the balance of the consideration of €2,056,466 plus the working capital requirement accrued from the effective date of 1 January 2021 to 6 April 2022 of €134,500, a total of €2,190,966. UOG Italia has a 20% working interest in the Podere Gallina licence which contains the Selva Gas Field ("Selva"). Prospex now owns a 37% working interest in the Podere Gallina Licence...Completion of this transaction increases the Company's share of Selva's independently verified 2P gas reserves from 2.3 Bcf to 5.0 Bcf[1]. The other 63% participant in the licence and operator is Po Valley Operations Limited ("Po Valley"), a wholly-owned subsidiary of Po Valley Energy Limited (ASX:PVE).

Today 07:00 United Oil & Gas PLC (UOG)
Completion of sale - Italian asset
https://www.investegate.co.uk/united-oi ... 00098803H/
Completion of the transaction means that United will exit activities in Italy and therefore will no longer be liable for its share of the Selva gas development capital expenditure of approximately €800,000.

Today 07:00 Argos Resources Ltd (ARG)
PL001 Licence Extension
https://www.investegate.co.uk/argos-res ... 00098815H/
the Falkland Islands Government has extended the second term of the Company's PL001 Licence from 1 May 2022 to 31 December 2022, with no additional work commitments.

Today 07:00 Wood Group (John)PLC (WG.)
Date announced for FY21 results
https://www.investegate.co.uk/wood-grou ... 00098770H/
On 21 February 2022 the Company announced that a delay to the publication of our results was necessary to finalise the Company's reported results and to conclude the year-end audit process with the Company's auditor, KPMG LLP. The delay was required to allow an external investigation and review to be undertaken, principally in relation to the historical carrying value of the Aegis Poland project contract.
This work has been concluded to enable Wood's FY21 results to be announced on 20 April 2022.
The underlying results for FY21 remain in line with the guidance provided on 13 January 2022 and there is no change to the historical carrying value of the Aegis Poland contract or to the previously communicated year-end exceptional charge of c.$100 million announced in our release of 21 February 2022.

Today 07:00 Diversified Energy (DEC)
2021 Sustainability Report Published
https://www.investegate.co.uk/diversifi ... 00088779H/
is pleased to announce the publication of its 2021 Sustainability Report....Revised 2020 reported methane emissions intensity 62% [!!!] lower to 1.6 MT CO2e/MMcfe1 (Prior 2020: 4.2 MT CO2e/MMcfe) ◦ Reduced 2021 methane emissions intensity 6% vs revised 2020 to 1.5 MT CO2e/MMcfe, with opportunities to reduce further as the Company expands its Project Fresh initiatives into its Central Region

Today 07:00 PetroTal Corp. (PTAL)
Performance Warrants & Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00088707H/
it received notices to exercise 1,158,400 and 650,000 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$337,990

Today 07:00 Touchstone Explrtn. (TXP)
SHARE OPTIONS AND DIRECTOR / PDMR SHAREHOLDING
https://www.investegate.co.uk/touchston ... 00098757H/
our executive officers, a non-executive director and certain employees exercised share options representing an aggregate 901,300 common shares of no par value in the Company ( " Common Shares " ) on April 8, 2022.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00068719H/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00068720H/
Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc. common stock at the stated exercise price

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Re: Hal's oily roundup

#493693

Postby Hallucigenia » April 12th, 2022, 10:09 am

Quiet day today, apart from i3's smugness about buying low and wondering what to do with all the cash being thrown off by their acquisitions in Canada, and VAALCO's spectacular cockup in reporting well results yesterday. Gas markets are calming down a bit too, except in the US where they've hit another high-since-2008.
Brent=$100.61(April)              WTI=$96.42(April,Brent-4.19)    Nymex gas=$6.78(April)   
NBP =222.62p(April,Nymex+22.17) TTF=€102.905(April,Nymex+25.97) JKM=$28.400(June,Nymex+21.62)

Today 09:20 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 20051043I/
On 08-Apr-2022, UBS Group AG Investment Bank increased from 0% to 5.127%.

Today 09:00 Genel Energy PLC (GENL)
Director/PDMR Shareholding
https://www.investegate.co.uk/genel-ene ... 0008EGMTX/
On 11 April 2022 Paul Weir exercised options granted to him under the Company's share schemes and sold sufficient shares to cover tax liabilities arising as a result of his option exercises.

Today 07:00 i3 Energy PLC (I3E)
Final Results for the year ended 31 December 2021
https://www.investegate.co.uk/i3-energy ... 00050854I/
During the course of 2021, i3 paid total dividends of 0.36 p/share, equating to a yield of approximately 6.5% for i3's shareholders based on i3's closing share price on 1 January 2021.
· Announced in December that the Company is committing to pay a minimum of £11.827 million in dividends during the course of 2022 (3.5x all dividends paid during 2021), equating to 1.05 pence per share or a 10.2% yield on the date of announcement,
2021 revenue of £86.8 million (net) and net operating income (revenue less royalties, opex, processing and transportation) of £48.8 million and cash flow from operations of £24.4 million.
2021 full-year production averaged 12,442 boepd, with Q4 2021 including the newly integrated Central Alberta assets acquired from Cenovus Energy (which closed in August 2021) averaging 18,229 boepd (compared to 13,239 boepd in Q3, 9,018 boepd in Q2 and 9,173 boepd in Q1 2021). Q4's production was comprised of 58 million standard cubic feet of gas per day ("mmscfd"), 5,210 barrels per day ("bbl/d") of NGLs, 3,015 bbl/d of oil and 331 boepd of gross overriding royalty interest production. Q4 2021 production was impacted by the closing of multiple non-core asset disposals and December's severe cold weather.

Today 07:00 88 Energy Limited (88E)
Project Longhorn-Texas Oil & Gas Production Update
https://www.investegate.co.uk/88-energy ... 00040355I/
is pleased to provide an update on operations at its recently acquired Project Longhorn conventional oil and gas production assets in the proven Permian Basin, onshore Texas, U.S. 88 Energy has a circa 73% average net working interest in these established production assets, which have independently certified net 2P reserves of 2.05 MMBOE.
In March 2022, the Operator of the Longhorn production assets, Lonestar I, LLC , successfully completed the first of a series of capital-efficient work-overs planned after the completion of the Longhorn acquisition. This work-over was completed on time and on budget and has delivered an immediate increase to the total oil and gas production rates of the project.
Production from the Longhorn wells exceeded 400 BOE per day gross (over ~300 BOE per day net and approx. 70% oil) at the end of March 2022. This represents an increase of over 30% since the completion of the acquisition in mid-February 2022.

Today 07:00 Wentworth Resources (WEN)
Long Term Incentive Plan Awards
https://www.investegate.co.uk/wentworth ... 00060335I/
the independent, Tanzania-focused natural gas production company announces, further to its 11 March 2022 announcement, that Katherine Roe, CEO, has been awarded an option over 3,014,590 shares under the Company's Long-Term Incentive Plan ("LTIP"). Following this award Katherine will have options over a total of 9,328,899 shares in Wentworth. The award is subject to a three-year performance period, which runs from 12...

Yesterday 18:07 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 07110274I/
shareholders at the 2021 Annual General Meeting of the Company, a total of 6,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 8 February 2022 (the "Programme") and as detailed below:

Yesterday 17:34 Echo Energy PLC (ECHO)
Block Admission and Block Admission Interim Review
https://www.investegate.co.uk/echo-ener ... 34330236I/
The Block Admission Update has been made in respect of the issue of 230,911,860 new Ordinary Shares which may be issued pursuant to the following issues of warrants (as defined below):

Yesterday 16:45 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 45010150I/
On 08-Apr-2022, Schroders Plc increased from 0% to 4.964%.

Yesterday 16:36 Velocys PLC (VLS)
Price Monitoring Extension
https://www.investegate.co.uk/velocys-p ... 36090147I/
https://uk.finance.yahoo.com/quote/VLS.L/chart
On the day it's jumped +12.1%. Over the last 2 weeks it's been in the usual range.

Yesterday 16:35 Quadrise Fuels Intnl (QFI)
Price Monitoring Extension
https://www.investegate.co.uk/quadrise- ... 35400145I/
https://uk.finance.yahoo.com/quote/QFI.L/chart
On the day it's jumped +12.2% with a spike to +40%. Over the last 2 weeks it's jumped +46.2% with a spike to +82%.

Yesterday 16:30 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 3000Z7503/
Total number of shares Number of voting rights exercisable at Shareholders' meetings March 31, 2022

Yesterday 15:56 Gulf Keystone Petrol (GKP)
Director / PDMR Shareholdings
https://www.investegate.co.uk/gulf-keys ... 56160096I/
persons discharging managerial responsibilities ("PDMR") have exercised their vested nil-cost share options granted to them under the 2014 Long Term Incentive Plan ("LTIP"). Upon exercise, a proportion of the vested award was sold to pay the tax liability arising upon exercise, while the remainder was retained.

Yesterday 14:28 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 28390009I/
On 07-Apr-2022, Barclays Bank Plc increased from 0% to 6.453%, mostly Right to Recall

Yesterday 12:32 Empyrean Energy PLC (EME)
Exercise of Warrants
https://www.investegate.co.uk/empyrean- ... 32079847H/
it has received a notice to exercise warrants (exercise price 10.14p per Warrant) over a total of 250,000 Ordinary Shares and a notice to exercise warrants (exercise price 12.3p per Warrant) over a total of 250,000 Ordinary Shares (the "Warrant Shares"), for which funds of £ 56,100 have been received by the Company.

Yesterday 12:00 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 00049671H/
Shares acquired following the consummation of the merger of BP Midstream RTMS LLC with and into BP Midstream Partners LP, as contemplated by the Form-F4 registration statement filed with the SEC on 28 February 2022.

Yesterday 11:26 Coro Energy PLC (CORO)
Successful Completion of Debt Restructuring
https://www.investegate.co.uk/coro-ener ... 26159736H/
is pleased to announce the approval of the proposals :
· Maturity of the Notes will be extended by two years to 12 April 2024 (the "Maturity Date");
· All cash interest payments on the Notes will be removed prior to the Maturity Date whilst increasing the coupon to 10%;
· The Company will continue to actively pursue and support Conrad Asia Energy LTD, as the operator of the Duyung PSC, to pursue the sale of the Duyung PSC asset; and
· In the event of a sale of the Company's interest in the Duyung PSC, the net cash proceeds of such disposal(s) will be utilised to first repay the capital and rolled up interest on the Notes and thereafter to distribute 20% of remaining net proceed(s) to Noteholders. The remaining net proceeds of any sales will be retained and/or distributed to shareholders by the Company.

Yesterday 10:23 Vaalco Energy Inc (EGY)
AVOUMA 3H-ST DEVELOPMENT WELL
https://www.investegate.co.uk/vaalco-en ... 23419567H/
The Company advises of a minor amendment to the Avouma 3H-ST Development Well RNS issued this morning at 7am. The release referred to permeability of "one millidarcy", which should have read "one Darcy" as per the below.
Bit of a difference! I thought it was a bit weird, which is why I didn't quote the millidarcy figure yesterday but the management excitement instead. Don't they have geologists check these kinds of releases, or were they too drunk to comment?! I guess since they're main market, they don't have to tick the boxes of the AIM Note for oilies.

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Re: Hal's oily roundup

#494005

Postby Hallucigenia » April 13th, 2022, 2:06 pm

Brutal from the Nostrum bondholders to the shareholders - agree to 10x dilution, or we'll dilute you 100x.
Brent=$105.87(April)              WTI=$101.60(April,Brent-4.27)    Nymex gas=$6.89(April)   
NBP =214.00p(April,Nymex+20.94) TTF=€104.700(April,Nymex+26.34) JKM=$28.650(June,Nymex+21.76)

Today 12:28 DG Innovate PLC (DGI)
Grant of Options
https://www.investegate.co.uk/dg-innova ... 28002996I/
LTIP Options over 234,157,503 Ordinary Shares in the Company have been granted to Christopher Theis and Jack Allardyce with an exercise price of 0.1 pence. As set out in the Prospectus, the LTIP Options are subject to performance conditions, will vest over a three-year period and will expire after 10 years.

Today 12:10 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 10352978I/
On 11-Apr-2022, Barclays Bank Plc reduced from 5.733% to 3.136%.

Today 11:25 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 25272901I/
On 11-Apr-2022, UBS Group AG Investment Bank reduced from 5.127%. UBS trading book holdings in Capricorn Energy PLC fell below 5% and are therefore exempt from reporting.

Today 10:25 Nostrum Oil & Gas (NOG)
Proposed Restructuring & Related Party Transaction
https://www.investegate.co.uk/nostrum-o ... 25012766I/
provides further information regarding the terms of the proposed restructuring of the Group's US$725 million 8.0% Senior Notes due July 2022 and US$400 million 7.0% Senior Notes due February 2025, in each case issued by Nostrum Oil & Finance B.V. (the "Existing Notes") ...
partial reinstatement of the Existing Notes in the form of new: (a) senior secured notes in a principal amount of US$250,000,000 ("SSNs") and (b) senior unsecured notes in a principal amount of US$300,000,000 ("SUNs"), in each case maturing on 30 June 2026;
· conversion of the remainder of the Existing Notes (together with accrued but unpaid interest) into new shares in the Company. It is currently anticipated that the Noteholders, or their nominee(s), will own: (a) 88.89% of the enlarged issued share capital of the Company on closing of the Restructuring
If Shareholders do not approve the necessary resolution with respect to the Restructuring, the Company will pursue an alternative restructuring by means of a court-approved restructuring plan which will result in holders of the Existing Notes, or their nominee(s), instead owning: (i) 98.89% of the enlarged issued share capital of the Company

Today 08:45 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 45352517I/
On 08-Apr-2022, Barclays Bank Plc reduced from 6.453% to 5.733%.

Today 08:24 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 24562502I/
On 11-Apr-2022, BlackRock, Inc. (USA) increased from 6.84% to 9.33%.

Today 07:56 TotalEnergies SE (TTE)
TotalEnergies and ENEOS Join Forces to Develop B2B Solar Distributed Generation Across Asia
https://www.investegate.co.uk/totalener ... 5600Z9601/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and ENEOS signed a joint venture agreement to develop onsite B2B solar distributed generation across Asia1. The 50/50 Joint Venture between two major players in the field plans to develop 2 GW of decentralized solar capacity over the next five years.

Today 07:43 Empyrean Energy PLC (EME)
Drilling update at Jade prospect
https://www.investegate.co.uk/empyrean- ... 43512434I/
· LH 17-2-1 well at the Jade prospect drilled 17-1/2" section to 1056 metres Measured Depth
· Current operations are installation of the 13-3/8" casing
· Once the 13-3/8" casing is set the Blow Out Preventer ("BOP") will be installed and tested before drilling ahead to the next casing point at 2140 metres Measured Depth

Today 07:00 Europa Oil & Gas (EOG)
Interim Results
https://www.investegate.co.uk/europa-oi ... 00091741I/
· Revenue £2.2 million (H1 2021: £0.5 million)
· Pre-tax profit of £0.7 million (H1 2021: pre-tax loss £0.7 million)
· Net cash from operating activities £0.9 million (H1 2021: net cash used in operating activities £0.2 million)
· Unrestricted cash balance at 31 January 2022: £0.6 million (31 July 2021: £0.6 million)
With the raising of £7.02 million and the proposed acquisition of a 25% interest in the Serenity discovery in the UK North Sea post reporting period, we have now also put in place the third leg of the business, the acquisition of a near-term appraisal and development opportunity. The year is shaping up to be transformational for both our diversified energy portfolio and our financial position."

Today 07:00 Egdon Resources PLC (EDR)
Submission of Biscathorpe Planning Appeal
https://www.investegate.co.uk/egdon-res ... 00091726I/
further to the announcement of 25 January 2022, it has submitted an appeal against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site (the "Appeal"), held under licence PEDL253 .

Today 07:00 Union Jack Oil PLC (UJO)
Submission of Biscathorpe Planning Appeal PEDL253
https://www.investegate.co.uk/union-jac ... 00101788I/
is pleased to advise that further to the announcement of 25 January 2022, the Operator of PEDL253, Egdon Resources U.K. Limited, has submitted an appeal on behalf of the Joint Venture participants, against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site.

Today 07:00 Enwell Energy PLC (ENW)
Quarterly Operations Update
https://www.investegate.co.uk/enwell-en ... 00101868I/
Q1 production down a third, not bad in the circumstances, also various details on new Ukrainian taxes.

Today 07:00 IOG PLC (IOG)
Operational Update
https://www.investegate.co.uk/iog-plc-- ... 00111905I/
Earlier this month, the Company advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, in collaboration with its offshore Duty Holder ODE Asset Management (ODEAM). IOG can now confirm that the issue has been temporarily addressed and the Blythe well therefore re-opened yesterday, alongside ongoing Elgood production. A further permanent modification on the Blythe platform has been designed and will be installed when materials are available.This permanent modification is not anticipated to involve material downtime.
At Southwark, over last weekend the Noble Hans Deul rig was successfully moved into position alongside the platform, with the legs positioned securely on the newly installed rock pads. Preparations have been underway since then to resume development drilling at Southwark in the course of the next week.

Today 07:00 Lekoil Limited (LEK)
Corporate Update
https://www.investegate.co.uk/lekoil-li ... 00111900I/
notes the announcement from Lekoil Nigeria that it has spudded the Otakikpo-4 well as part of the Phase 2 development of Otakikpo and that it has renewed, for one year, the Otakikpo offtake agreement with Shell Western Supply and Trading Limited.
The Company also notes that an interview with Anthony Hawkins, its Interim Executive Chairman, is available on the Company's website at https://lekoilplc.com/investor-presentations

Today 07:00 Diversified Energy (DEC)
Diversified Deploys Innovative Emissions Equipment
https://www.investegate.co.uk/diversifi ... 00122404I/
announced today its recent acquisition of the Opgal EyeCGas 2.0, with companion EyeCSite Tablet software, and the Semtech Hi-Flow 2 sampler, both state-of-the art emissions measurement devices that position Diversified as the first company in the U.S. to deploy this advanced technology in natural gas upstream operations. While previous generation equipment was capable only of visually detecting fugitive methane emissions, these devices take the next logical step and estimate the amount of the emission.

Today 07:00 TransGlobe Energy (TGL)
TransGlobe Energy Announces A Change In Auditor
https://www.investegate.co.uk/transglob ... 00111906I/
At the request of the Company, BDO resigned as auditor of the Company effective as of April 8, 2022 (the "Date of Resignation"). Deloitte was appointed as auditor of the Company effective April 8, 2022, to fill the vacancy from the Date of Resignation until the next annual meeting of shareholders of the Company.
· There were no modifications of opinion by BDO in BDO's reports on the Company's financial statements for the two most recently completed fiscal years ended December 31, 2020 and 2021.
· There have been no reportable events, including disagreements, consultations or unresolved issues

Yesterday 17:46 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 46091809I/
On 11/04/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group reduced from 14.09% to 13.21%.

Yesterday 17:21 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 21011792I/
shareholders at the 2021 Annual General Meeting of the Company, a total of 6,100,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 8 February 2022

Yesterday 16:28 TotalEnergies SE (TTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/totalener ... 2800Z8703/
ESOP

Yesterday 13:16 PAO Novatek (NVTK)
NVTK Reports Preliminary Operating Data for 1Q22
https://www.investegate.co.uk/pao-novat ... 16371525I/
In the first quarter 2022, NOVATEK's hydrocarbon production totaled 160.0 million barrels of oil equivalent (boe), including 20.64 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 1.9 million boe, or by 1.2% as compared with the first quarter 2021.

Yesterday 13:14 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 14341523I/
On 05/04/2022, Polar Capital LLP increased from 0% to 2.99%.

Yesterday 13:00 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 00051482I/
Bernard Looney acquires £313 of shares through participation in the BP ShareMatch UK Plan

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#494276

Postby Hallucigenia » April 14th, 2022, 11:52 am

Sound up 14% on a positive update with progress at Tendrara, new drill targets and a bit of solar greenwashing, Oilex down 14% on news that a tight market for fraccing means they will need more cash. And classic Teeling picking up a chunk of Petrel that was subject to a High Court injunction. USians are getting nervous at Nymex gas soaring to $7 on liquiefaction demand and a cold snap coming, but NBP is now below £2 which is progress.
Brent=$108.21(April)              WTI=$103.61(April,Brent-4.60)    Nymex gas=$7.00(April)   
NBP =199.00p(April,Nymex+19.14) TTF=€101.685(April,Nymex+25.53) JKM=$28.985(June,Nymex+21.98)

Today 09:00 Sound Energy PLC (SOU)
Price Monitoring Extension
https://www.investegate.co.uk/sound-ene ... 00204031I/
https://uk.finance.yahoo.com/quote/SOU.L/chart
On the day it's jumped +13.9% with a spike to +25%. Over the last 2 weeks it's been in the usual range.

Today 08:05 TotalEnergies SE (TTE)
Japan: TotalEnergies and ENEOS to Study Sustainable Aviation Fuel production at ENEOS Negishi Refinery
https://www.investegate.co.uk/totalener ... 0500Z1902/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and ENEOS Corporation announced a collaboration to jointly conduct a feasibility study to assess the production of Sustainable Aviation Fuel (SAF) in ENEOS Negishi Refinery in Yokohama city, Japan. The companies have already started to conduct the study for feedstock procurement and production of SAF related to this project. The proposed unit, which capacity would be 300,000 tons per year of SAF, would process waste or residue sourced notably from the circular economy, mainly used cooking oil and animal fat. The two companies are considering establishing a new joint venture to produce SAF.

Today 07:20 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 20023457I/
1,009,142 @ £2

Today 07:00 Sound Energy PLC (SOU)
Operational and Strategic Update
https://www.investegate.co.uk/sound-ene ... 00043385I/
[Progressing at Tendrara....] the Company has received non-binding terms sheets from a number of parties including banks and mezzanine financiers relating to potential capital provision for the proposed Tendrara Phase 2 Development. The Company is currently evaluating the term sheets and looks forward to providing further updates in due course....the Company has high graded several potential near term subsalt drilling opportunities within the Trias Argilo-Gréseux Inférieur ("TAGI") gas reservoir, the proven reservoir of the TE-5 Horst gas accumulation....
Sound Energy Sustainables Limited ("SESL"), is in discussions with a number of Moroccan industrial scale farmers proximate to the Company's Sidi Moktar exploration permits to evaluate the provision of 4.3MW of solar powered electricity (with realisable opportunities to scale beyond this area). Following completion of a feasibility study SESL now plans to further discussions with the farmers to seek to finalise a power supply contract(s) with a view to replacing carbon based, grid sourced electricity via the potential solar project

Today 07:00 Oilex Ltd (OEX)
Cambay India Re-frac Update & Revised Gas Contract
https://www.investegate.co.uk/oilex-ltd ... 00033224I/
Due to the higher than anticipated C-77H re-frac costs caused by a global shortage of fraccing services and equipment, and the delayed start up of gas production on the Cambay field, Oilex plans to raise additional funds over the next approximate month.
In addition, Oilex have negotiated a revised Gas Sales Agreement with Enertech Fuel Solutions Private Limited for the sale of gas from the Cambay field. The revised agreement is based on the recently announced Government of India Domestic Gas Price of $6.1/mmBTU plus an additional 20% premium. The revised gas price is now $7.32/mmBTU compared to the previous gas price of c. $4.2/mmBTU....the Company has selected Schlumberger to provide the bulk of the services required for the upcoming C-77H re-frac operation. [down 14%]

Today 07:00 Hurricane Energy PLC (HUR)
CPR on Lancaster Field & 2022 Production Guidance
https://www.investegate.co.uk/hurricane ... 00053441I/
the updated Competent Person's Report ("CPR") on the Company's Lancaster Field by ERC Equipoise Ltd ("ERCE") has been published on the Company's website...[Lancaster reserves up about 20%, presumably due to price assumptions]...the Company provided production guidance for the six-month period 1 October 2021 to 31 March 2022 of 8,500 - 10,000 bopd, based on FPSO production uptime assumption of 96.5% and production from the P6 well alone on artificial lift via ESP. Production during this six-month period was 9,689 bopd, reflecting continued excellent uptime on the FPSO combined with production rates towards the upper end of the range. Management's production guidance for the full calendar year 2022 is 7,500 - 8,600 bopd.

Today 07:00 Nostra Terra O&G Co (NTOG)
Drilling Start Up - Grant East Lease
https://www.investegate.co.uk/nostra-te ... 00043381I/
is pleased to announce the commencement of drilling operations on its new, wholly owned Grant East Lease ("the Lease") located in the Permian Basin of West Texas...3 wells being permitted...First well to be spud in the coming days

Today 07:00 88 Energy Limited (88E)
Quarterly Report and Appendix 5B
https://www.investegate.co.uk/88-energy ... 00053930I/
Cash of A$32.6M and no debt (as at 31 March 2022)....During Q1 2022, 88 Energy commenced discussions in relation to a potential farm-out of the Project Icewine acreage. Due diligence activities and negotiations are advancing with a third party, including the related work program terms and structure.

Today 07:00 88 Energy Limited (88E)
Notice of AGM
https://www.investegate.co.uk/88-energy ... 00063936I/
the AGM, which is scheduled to take place at 10:00 a.m. (WST) on 16 May 2022 at the Vibe Hotel Subiaco, Level 9, 9 Alvan Street, Subiaco WA 6008.

Today 07:00 Petrel Resources PLC (PET)
Lifting of Court Injunction
https://www.investegate.co.uk/petrel-re ... 00033280I/
the High Court injunction over the 32,086,538 Ordinary Shares previously held by the Tamraz Group have been lifted. John Teeling and James Finn have acquired the 32,086,538 shares for £300,000 from EYCP LLC and SRT Capital SPC, Ltd.

Today 07:00 Egdon Resources PLC (EDR)
Total Voting Rights
https://www.investegate.co.uk/egdon-res ... 00033096I/
has received notice of the exercise of Warrants...In July 2021 the Company raised £1.44 million through the issue of 115,228,000 new Ordinary Shares at a price of 1.25 pence per share. In addition, each two Subscription Shares were granted a right to subscribe for one new Ordinary Share at a price of 2.5 pence per share, (the "Warrant")....Following the exercise of the Warrants reported above 50,799,000 Warrants remain outstanding and are exercisable at any time until 23 July 2023. ... [currently 3.85p]

Today 07:00 Genel Energy PLC (GENL)
TR-1 notifications and Directorate change
https://www.investegate.co.uk/genel-ene ... 0016ELOOR/
On 13-Apr-2022, Turkiye Is Bankasi A.S. (İstanbul Turkey) increased from 0% to 19.189%. Focus Investments Limited (Marshall Islands) down to 0%. Seems to be tied up with Nazli K. Williams resigning as non-exec.

Today 07:00 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 00063433I/
On 08/04/2022, Deregallera Trust increased from - to 34.2%.

Today 07:00 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 00063432I/
On 08/04/2022, Disruptech Limited (Hong Kong) increased from - to 6.3%.

Today 07:00 TransGlobe Energy (TGL)
TransGlobe Announces Filings of Materials for AGM
https://www.investegate.co.uk/transglob ... 00023397I/
Materials for the Annual Meeting of Shareholders will be mailed no later than April 20, 2022 to TransGlobe shareholders of record as at March 23, 2022.

Yesterday 17:28 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 28223309I/
a total of 5,900,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 8 February 2022

Yesterday 17:25 Harbour Energy PLC (HBR)
Proposed Capital Reduction and Notice of Meeting
https://www.investegate.co.uk/harbour-e ... 25013294I/
Harbour announces that later today it will post a circular (the "Circular") to shareholders, incorporating a notice of a general meeting (the "General Meeting"), regarding a proposed capital reduction. The General Meeting will be held at 10.30 a.m. (or as soon thereafter as the 2022 annual general meeting (the "2022 AGM") is concluded or adjourned) on 11 May 2022.

Yesterday 16:35 S.N.G.N. Romgaz S.A. (SNGR)
Price Monitoring Extension
https://www.investegate.co.uk/s.n.g.n.- ... 35423205I/
https://uk.finance.yahoo.com/quote/SNGR.L/chart
On the day it's jumped +11% with a spike to +11%. Over the last 2 weeks it's been in the usual range.

Yesterday 13:46 Nostrum Oil & Gas (NOG)
Publication of Circular/Notice of General Meeting
https://www.investegate.co.uk/nostrum-o ... 46453059I/
the Financial Conduct Authority has today approved the Company's shareholder circular (the "Circular") in relation to the proposed restructuring of the Group's US$725 million 8.0% Senior Notes due July 2022 and the US$400 million 7.0% Senior Notes due February 2025 as announced on 13 April 2022 ...a General Meeting of the Company's shareholders at 10:00 a.m. on 29 April 2022 at the offices of White & Case LLP, 5 Old Broad Street, London, EC2N 1DW (the "General Meeting"), to consider and approve the resolutions in respect of the Restructuring and the RPT Arrangements.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#497459

Postby Hallucigenia » April 29th, 2022, 12:40 pm

Apologies folks, I was away last week and then a) some of the data providers broke things over Easter and b) to go back more than 2-3 days I use different code to the daily code, and that different code was from 10 years ago and needed fixing. So here we go with last week's news, I'll try and catch up with this week's releases later today but it might not be until the weekend.

Plenty of Q1 updates, generally of "production flat to up a little bit, but who cares in this price environment?" kind, Wood's were a bit less bad than expected so it looks like they should just about avoid breaching their covenants before the sale goes through. Total's European refining margins were gobsmacking, up nearly 10x. COPL seem to have done a great deal to buy a minority partner from the receivers.

[ah - hit the posting limit, so this post is just up until Wednesday last week]

Wednesday 20th 17:37 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 37328106I/
5,800,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Wednesday 20th 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35397990I/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range.

Wednesday 20th 15:03 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 03257920I/
On 08-Apr-2022, Cantor Fitzgerald Europe reduced from 5.421% to <5%.

Wednesday 20th 14:40 Hunting PLC (HTG)
Results of AGM and Directorate Change
https://www.investegate.co.uk/hunting-p ... 40047896I/
All resolutions were passed by the required majority, resolutions 1 to 13 as ordinary resolutions and resolutions 14 to 17 as special resolutions were passed.
Following conclusion of the AGM, Paula Harris has joined the Board with immediate effect, having received the relevant votes in favour....Richard Hunting has also retired from the Board and has stepped down as a Director of the Company.

Wednesday 20th 14:00 Harbour Energy PLC (HBR)
Director Declaration
https://www.investegate.co.uk/harbour-e ... 00087815I/
Company confirms that Anne Stevens, an independent non-executive director of the Company, will join the board of AVEVA Group plc as an independent non-executive director with effect from 1 May 2022.

Wednesday 20th 11:49 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 49387702I/
On 31-Jan-2022, Spreadex LTD increased from 2.63% to 4.223%.

Wednesday 20th 09:29 Ascent Resources PLC (AST)
Holding(s) in Company
https://www.investegate.co.uk/ascent-re ... 29007341I/
On 14.04.2022, ALIGN RESEARCH LIMITED & RELATED PARTIES R S & C A JENNINGS reduced from 10.01% to 9.81%.

Wednesday 20th 07:04 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 04537203I/
38,982@ 206.45p

Wednesday 20th 07:01 Wood Group (John)PLC (WG.)
CEO succession
https://www.investegate.co.uk/wood-grou ... 01016684I/
John Wood Group PLC ('Wood' or 'the Company') announces that Robin Watson, Chief Executive, has advised the Board of his intention to retire as Chief Executive. The process to appoint his successor will now commence and Robin will remain in his role until the successful candidate is in place.

Wednesday 20th 07:00 Pantheon Resources (PANR)
Upcoming Webinar - Registration Details
https://www.investegate.co.uk/pantheon- ... 00056637I/
is pleased to confirm the details of the forthcoming Shareholder Presentation and Q&A session ("Webinar") to be held at 5:30pm BST (British Summer Time) on Tuesday 26 April 2022....In this Webinar the management team will discuss the outcomes and conclusions from the successful Theta West and Talitha #A drilling and testing operations this season, implications for future project appraisal and development, as well as next steps in the operational programme including an insight into the forthcoming Alkaid #2 long term production test well planned for July 2022.

Wednesday 20th 07:00 Challenger Energy (CEG)
Production Well Recompletion Programme
https://www.investegate.co.uk/challenge ... 00036667I/
· In late March 2022, the Company detailed a near-term programme of recompletions of underperforming and non-producing wells from its extensive well stock in Trinidad, focussed on production enhancement.
· Four recompletions have to date been completed, ahead of schedule and below budget. The aggregate incremental production from these four recompletions has been in the range of 40 to 60 bopd - in line with pre-work expectations as previously advised.
· In aggregate, this represents a production increase of approximately 10%-15%, with gross production across the Company's fields now consistently averaging approximately 400 bopd.
· Further near-term production enhancement activities are being prepared, with a target to increase production by a further 10% over the coming months.

Wednesday 20th 07:00 Hunting PLC (HTG)
AGM and Q1 2022 Trading Update
https://www.investegate.co.uk/hunting-p ... 00026446I/
Trading in the quarter has remained in line with management's expectations, with an EBITDA of c.$6.7m reported reflecting strengthening markets, particularly for Hunting Titan and the Group's US onshore operations, along with a further narrowing of losses within Hunting's other operating segments. Results have accelerated throughout the period with EBITDA in March 2022 now the best since April 2020. These results were achieved despite a residual drag from COVID-19 in January and early February."
"Hunting's order book grew further during the quarter and now exceeds pre-pandemic levels, supporting management's view that global drilling activity and investment is improving. While the Group's order backlogs are increasing, traditional lead times are, however, being impacted across the industry with raw material and electronic component deliveries being extended by the pandemic."...
The Group's Balance Sheet remains robust with good liquidity, including undrawn core bank borrowing facilities of $150.0 million committed until February 2026, and a cash and bank position of c.$71.6 million at 31 March 2022 compared to $114.2 million at 31 December 2021. This reflects the normal settlement of accounts payables after year-end, coupled with increases to working capital as market conditions improve.

Wednesday 20th 07:00 Mosman Oil & Gas (MSMN)
Q3 Production Update
https://www.investegate.co.uk/mosman-oi ... 00046703I/
Net Production attributable to Mosman for the three months was 11,756 boe, an increase of 4,633 boe, or 65% from the three months to December 2021 of 7,123 boe. The numbers include increased production from a re-completion at Falcon and initial production from Winters-2 (March 2022) but does not reflect the recent production increase at the Winters-2 well announced on 12 April 2022.

Wednesday 20th 07:00 President Energy PLC (PPC)
Operational and Strategy Update
https://www.investegate.co.uk/president ... 00047200I/
Testing at wells DP2001/2003 continues to progress, with both already having demonstrated commercial production
o Side-track from the formerly producing well PG 13-1 has been successfully drilled to a target depth of 3,512 meters. Management is confident in its ability to bring this to production before the end of May
o Well PE-8 has now been worked over and cleaned of accumulated sand with Swab results showing oil and gas production
· Preparatory work for the drilling of the Paraguayan exploration well continues with President's partner, OPIC, the subsidiary of CPC Corporation of Taiwan, both having now confirmed a location known as Tapir 1
it is pleasing to note the progress of the green hydrogen and ammonia production AIM company, Atome Energy (President: 28% holding) and the improvement in its share value".

Wednesday 20th 07:00 Touchstone Explrtn. (TXP)
SALE OF COMMON SHARES
https://www.investegate.co.uk/touchston ... 00046675I/
Mr. Scott Budau, the Company's Chief Financial Officer, sold 42,900 Company common shares of no par value ("Common Shares"). The proceeds from the sale of Common Shares were to satisfy a portion of the costs and withholding taxes associated with Mr. Budau's share option exercise announced on April 11, 2022.

Wednesday 20th 07:00 Wood Group (John)PLC (WG.)
Full Year Results for the year ended 31 Dec 2021
https://www.investegate.co.uk/wood-grou ... 00046791I/
we ended the year with positive momentum and a growing order book (up 19% on last year) which gives us confidence that activity levels will be higher in 2022."The sale process of our Built Environment business is progressing well and we continue to expect to announce a sale agreement in the second quarter of this year. A sale will deliver significant value for our shareholders and help move the Group onto its next chapter.
Revenue down 14% on a like-for-like basis2, with growth in Consulting and Operations more than offset by a significant decline in Projects
●Stronger sequential H2 performance: H2 revenue was 4% higher than H1 with Projects stabilising and growth across Consulting (up 4%) and Operations (up 10%)
●Adjusted EBITDA down 10% on a like-for-like basis2, with improved EBITDA in Consulting offset by lower EBITDA in Projects and Operations (see also note 9 on page 4)
● Margin improvement (like-for-like) of 0.4ppts2 including cost efficiencies, revenue mix and improved overall execution
● Exceptional items of $160 million (2020: $247 million) includes the previously announced $99 million write down of our Aegis Poland contract (see page 6 for details) and $78 million of restructuring costs
● Adjusted diluted EPS of 17.5c reflects the lower adjusted EBITDA
● Free cash flow (new definition)5 of $(398) million includes a working capital outflow of $306 million and exceptional cash costs of $159 million. Our definition of free cash flow includes all cash flows before dividends and M&A
● Working capital outflow includes a $265 million outflow in our Projects business as significantly lower activity levels in the year led to a significant working capital unwind Balance sheet
● Net debt of $1.4 billion at 31 December 2021 reflects the negative free cash flow in the year
● Net debt / adjusted EBITDA (reported basis) at 3.3 times at 31 December 2021, within our covenant level for the Group's borrowings, which are set at 3.5x and measured twice per year

Wednesday 20th 07:00 Genel Energy PLC (GENL)
Changes to Director's responsibilities
https://www.investegate.co.uk/genel-ene ... 0019EUAHS/
with effect from 19 April 2022 Yetik K. Mert has been appointed Chair of the Remuneration Committee.

Wednesday 20th 07:00 Genel Energy PLC (GENL)
Notice of dividend currency exchange rate
https://www.investegate.co.uk/genel-ene ... 0005EAWUR/
it is proposed a dividend of 9.226 pence per share be paid on 18 May 2022.

Wednesday 20th 07:00 Hurricane Energy PLC (HUR)
Operational and Financial Update
https://www.investegate.co.uk/hurricane ... 00036648I/
As of 17 April 2022, Lancaster was producing c.9,150 bopd from the P6 well alone with an associated water cut of c.43%. The 28th cargo of Lancaster oil, totalling approximately 524 Mbbls, was lifted on 22 March 2022. This cargo was priced by reference to the average of the last five days of March's Dated Brent quotes, being $116/bbl, resulting in net revenue of $60.5 million. The next cargo is anticipated to be lifted in late May 2022.
As of 31 March 2022, the Company had net free cash(4) of $106 million compared to the last reported balance of $71 million as of 28 February 2022. During the month, there was a net movement of $9.4 million from free cash into restricted funds following the agreement of the Aoka Mizu FPSO Bareboat Charter extension on 25 March. $78.5 million of Convertible Bonds remain outstanding and are due in July 2022.

Wednesday 20th 07:00 Serinus Energy PLC (SENX)
Notice of AGM
https://www.investegate.co.uk/serinus-e ... 00056690I/
filed for the Company's Annual General Meeting to be held on 12 May 2022 at Fairway Trust Limited, 2nd Floor, The Le Gallais Building, 54 Bath Street, St Helier, Jersey, JE1 1FW at 10:00am (BST).

Wednesday 20th 07:00 UK Oil & Gas PLC (UKOG)
Turkey: Basur-Resan seismic processing completed
https://www.investegate.co.uk/uk-oil--- ... 00036570I/
is pleased to announce that seismic processing of the 55 km of new Basur-Resan 2D seismic has been completed and has been received from Abu Dhabi based BGP. Following an initial review, the Company believes the new data is an improvement on the prior 1982-92 seismic data, further confirming the prospectivity of the Basur-Resan hydrocarbon accumulation. As originally planned, the new data will help facilitate the correct placement and design of the future Basur-3 sidetrack ("B-3S") and Resan-6 ("R-6") appraisal wells.
[Lots of geology geekery, key point is that they now think both Basur and Resan are part of the same structure, and they've generally got a much better idea of what's going on]

Tuesday 19th 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Announces Corporate Update
https://www.investegate.co.uk/gran-tier ... 0500H5039/
Achieved First Quarter 2022 Total Company Average Production of 29,362 BOPD, Up 20% Year-on-Year
Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPD
As of March 31, 2022, Paid Down Credit Facility to $40 Million and Had Cash Balance of $59 Million
Balance of Credit Facility Expected to be Fully Paid in Second Quarter 2022

Tuesday 19th 17:34 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 34456595I/
5,800,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Tuesday 19th 17:00 TotalEnergies SE (TTE)
TotalEnergies SE : Notice of Redemption Dated 19 April 2022
https://www.investegate.co.uk/totalener ... 0000Z4101/
pursuant to Condition 6.2 (Optional Redemption) of the terms and conditions of the Euro 1,750,000,000 Undated Non-Call 6 Year Deeply Subordinated Fixed Rate Resettable Notes (the “Notes”) issued on 18 May 2016 by TotalEnergies SE (formerly TOTAL SE and TOTAL S.A.), incorporated as a European Company (societas europaea) registered in the Republic of France, under RCS 542 051 180 Nanterre) (the “Issuer”) under its €30,000,000,000 Euro Medium Term Note Programme described in the prospectus dated 13 May 2016 (the “Prospectus”), the Issuer hereby elects to redeem all of the Notes outstanding on the Redemption Date (as defined below) in an aggregate principal amount of €1,750,000,000 (the “Redeemed Notes”) on 18 May 2022

Tuesday 19th 16:36 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 36316469I/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range.

Tuesday 19th 16:06 Capricorn Energy PLC (CNE)
Director/PDMR Shareholding
https://www.investegate.co.uk/capricorn ... 06466433I/
on 14 April 2022, it made its annual awards of up to £3,600 worth of ordinary shares of 21/13 pence each in the Company ("Ordinary Shares") to eligible employees under the "Free Share" element of the Company's HMRC approved all-employee Share Incentive Plan established in April 2010 (the "SIP").

Tuesday 19th 14:30 Upland Resources Ltd (UPL)
Passing of Director Jeremy King
https://www.investegate.co.uk/upland-re ... 30016266I/
With great sadness the Board of Upland Resources Limited announces the passing away of Jeremy King, non-executive director of Upland. Jeremy was a key part of the Upland Resources team and his wealth of experience gained from a distinguished career in the City provided invaluable guidance in legal and corporate matters to the Company since its IPO.
[It's not a "passing away", it's a death. Passing away is what footballers do. FFS.]

Tuesday 19th 14:01 Wentworth Resources (WEN)
Price Monitoring Extension
https://www.investegate.co.uk/wentworth ... 01016245I/
https://uk.finance.yahoo.com/quote/WEN.L/chart
On the day it's down -2.6% having touched -7%. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +11%.

Tuesday 19th 14:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00566244I/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's jumped +15.4% with a spike to +19%. Over the last 2 weeks it's been in the usual range.

Tuesday 19th 14:00 Southern Energy Corp (SOUC)
Price Monitoring Extension
https://www.investegate.co.uk/southern- ... 00476242I/
https://uk.finance.yahoo.com/quote/SOUC.L/chart
On the day it's jumped +8.5% with a spike to +12%. Over the last 2 weeks it's up +27.1%.

Tuesday 19th 13:18 Canadian O'Seas Petr (COPL)
COPL Completes $13m Accelerated Bookbuild
https://www.investegate.co.uk/canadian- ... 18466194I/
is pleased to announce that it successfully completed an oversubscribed accelerated bookbuild process. The oversubscribed accelerated bookbuild process announced on April 19, 2022 has raised gross proceeds of USD13 million. A total of 49,930,000 units of the Company (the "Placing Units") were placed by H&P Advisory Limited ("Hannam & Partners") and Tennyson Securities (a trading name of Shard Capital Partners LLP) ("Tennyson Securities") (the "Bookrunners") with institutional investors at a price of 20 pence per Placing Unit. Each Placing Unit comprises one common share in the Company (each a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional Common Share, exercisable at 24 pence per Common Share for the period of 6 months from the Settlement Date (as defined below) of the Placing Shares.

Tuesday 19th 12:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00025797I/
On 05-Apr-2022, Coller Capital Limited increased from 0% to 2.967%.

Tuesday 19th 11:50 Lekoil Limited (LEK)
Operational Update
https://www.investegate.co.uk/lekoil-li ... 50546028I/
Otakikpo Oil production in March 2022 of 4,448 bopd (gross)/1,779 bopd (net).
o Spudded Otakikpo-4 on 31 March 2022

Tuesday 19th 11:10 PJSC Tatneft (ATAD)
Law Affecting ADR Program - Correction
https://www.investegate.co.uk/pjsc-tatn ... 10095943I/
the Company notifies about the adoption and official publication on 16 April 2022 of the Federal Law No. 114-FZ "On amendments to the Federal Law "On Joint Stock Companies" and other Laws" (the "Law"). Unless the Company is granted a special permission to continue maintenance of the American depositary receipts ("ADRs") program (the "ADR Program"), the Company will be required to undertake necessary and sufficient steps aimed at the termination of the deposit agreement relating to the Company's ADRs (the "Deposit Agreement") and subsequently (within the next 5 business days) notify the Central Bank of Russia about such actions and provide the supporting documents.

Tuesday 19th 11:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00275930I/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's jumped +15.4% with a spike to +19%. Over the last 2 weeks it's been in the usual range.

Tuesday 19th 10:00 Baron Oil PLC (BOIL)
Request for Relinquishment of Licence in Peru
https://www.investegate.co.uk/baron-oil ... 00015783I/
as requested the relinquishment of its legacy Licence Block XXI in Peru (the "Licence"). As previously outlined, the Licence has been largely under Force Majeure ("FM") for a variety of reasons since 2017 and Baron has been frustrated in its attempts to access the area in order to carry out operations....In 2023 there will be the potential to be drilling at Chuditch and a drill or drop decision on Dunrobin.

Tuesday 19th 09:19 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 19455762I/
On 14-Apr-2022, The Goldman Sachs Group, Inc. increased from n/a to 3.114%.

Tuesday 19th 09:00 Arrow Exploration (AXL)
Price Monitoring Extension
https://www.investegate.co.uk/arrow-exp ... 00205752I/
https://uk.finance.yahoo.com/quote/AXL.L/chart
On the day it's jumped +15.4% with a spike to +19%. Over the last 2 weeks it's been in the usual range.

Tuesday 19th 09:00 Canadian O'Seas Petr (COPL)
Price Monitoring Extension
https://www.investegate.co.uk/canadian- ... 00135751I/
https://uk.finance.yahoo.com/quote/COPL.L/chart
On the day it's dropped -14.9% having touched -18%. Over the last 2 weeks it's down -23.1%.

Tuesday 19th 09:00 Sound Energy PLC (SOU)
Publication of Annual Report and Notice of AGM
https://www.investegate.co.uk/sound-ene ... 00015737I/
Annual Report and Accounts for the year ended 31 December 2021 has today been published, together with a notice convening the Company's annual general meeting (the "AGM"). The AGM is to be held at 20 St Dunstan's Hill, London, EC3R 8HL on Tuesday, 28 June 2022 at 12 noon.

Tuesday 19th 08:23 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 23085724I/
On 14-Apr-2022, BlackRock, Inc. reduced from 9.33% to 9.3% and adjusted their Securities Lending and CFD.

Tuesday 19th 08:17 TotalEnergies SE (TTE)
TotalEnergies: Main Indicators
https://www.investegate.co.uk/totalener ... 1700Z3713/
We're making sooooo much money!!!!! Notably European refining margins are up nearly 10x, from $5.3/t to $46.3/t

Tuesday 19th 07:17 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 17525610I/
143,397 at 203.33p

Tuesday 19th 07:01 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 01065024I/
On 29/03/2022, J O Hambro Capital Management Limited holding via Pendal Group Limited (Sydney, Australia) increased from 4.900027% to 5.028953%.

Tuesday 19th 07:00 Arrow Exploration (AXL)
Further update on RCE-2 Well
https://www.investegate.co.uk/arrow-exp ... 00115020I/
The RCE-2 well was spud on 2 April 2022. The well is targeting a large, three-way fault-bounded structure with multiple high-quality reservoir objectives.
As of 14 April, the RCE-2 well was successfully drilled to a total depth of 9,674 feet (True Vertical Depth) and penetrated targeted formations at optimal structural elevations. Cumulative net pay approaches 80 feet over five separate known producing horizons.
The casing of the well was completed on 18 April, and cementing is expected to be completed on 20 April, followed by a thorough production testing program. Testing is expected to take approximately five days per zone.

Tuesday 19th 07:00 Canadian O'Seas Petr (COPL)
Acquisition, Bridge Loan & Equity Placing
https://www.investegate.co.uk/canadian- ... 00115566I/
Cute deal, buying Cuda Energy out of receivership who own minority stakes in assets operated by COPL, increasing their reserves by 47% at a cost/bbl of 90% of last year's Atomic deal despite the much higher oil price. $20m bridging loan ahead of $10m placing.

Tuesday 19th 07:00 Empyrean Energy PLC (EME)
Block 29/11, China - Jade drilling update
https://www.investegate.co.uk/empyrean- ... 00115567I/
Measured Depth ("MD") o Elevated methane (C1) ranging from 227ppm to 15440 ppm was recorded while drilling 12-1/4" section....Based on the results thus far, Empyrean has upgraded its internal Geological Chance of Success ("GCoS") over the Jade prospect from 41% to 65% and Topaz prospect from 35% to 47%

Tuesday 19th 07:00 PJSC Gazprom (OGZD)
AGM Statement
https://www.investegate.co.uk/pjsc-gazp ... 00064988I/
The Management Committee endorsed the proposals to hold the annual General Shareholders Meeting of Gazprom in the form of absentee voting and to set the deadline for ballot submission as June 30, 2022.

Tuesday 19th 07:00 OMV Petrom S.A. (PETB)
Issuance of Darian DRS valuation report
https://www.investegate.co.uk/omv-petro ... 00064951I/
In the context of the Extraordinary General Meeting of Shareholders convened by OMV Petrom SA for 27 April 2022 (first convening) ("EGMS") with respect to the initiation of the OMV Petrom's share capital increase by the in-kind contribution of the Romanian State and the cash contribution of the other shareholders, OMV Petrom SA announces the issuance by Darian DRS S.A. of the Valuation Report No. 353/15.04.2022 for the land plots which are in the scope of the share capital increase, indicating a value of 120,660,239.23 LEI.

Tuesday 19th 07:00 Rockhopper Exp plc (RKH)
Sea Lion & Other Corporate Updates
https://www.investegate.co.uk/rockhoppe ... 00115028I/
further to the heads of terms notified on 8 December 2021, Rockhopper, Harbour Energy plc ("Harbour") and Navitas Petroleum LP ("Navitas") have signed legally binding definitive documentation in relation to Harbour exiting and Navitas entering the North Falkland Basin (the "Transaction")....Rockhopper and Navitas will seek to align working interests across all their North Falkland Basin petroleum licences - Rockhopper 35% / Navitas 65%...[Navitas will loan Rockhopper at 8% for costs up to FID, and 2/3 of phase 1 development costs interest-free]

Tuesday 19th 07:00 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 00115023I/
On 11/02/2022, J O Hambro Capital Management Limited holding via Pendal Group Limited (Sydney, Australia) reduced from 5.00% to 4.900027%.

Tuesday 19th 07:00 SDX Energy PLC (SDX)
REMINDER: UNCLAIMED SHARES FROM 2019
https://www.investegate.co.uk/sdx-energ ... 00115027I/
reminds former registered shareholders in SDX Energy Inc ("SDX Canada") prior to the court approved plan of arrangement in 2019 that for those who have not already done so, the deadline for submitting letters of transmittal to claim their shares in SDX UK (as defined below) expires on 27 May 2022.

Tuesday 19th 07:00 Southern Energy Corp (SOUC)
FOURTH QUARTER AND YEAR END 2021 RESULTS
https://www.investegate.co.uk/southern- ... 00115038I/
$1.4 million of adjusted funds flow from operations1 in Q4 2021 and $4.8 million for the full year of 2021, excluding $2.0 million of one-time expenses related to the listing of the common shares of the Company (the "Common Shares") on the AIM market of the London Stock Exchange plc (the "AIM"), an increase of 88% and 81% from the same periods in 2020, respectively
· Q4 2021 average production of 12,753 Mcfe/d2 (2,126 boe/d) (91% natural gas), resulting in average production for the year of 12,592 Mcfe/d3 (2,099 boe/d) (92% natural gas), a 6% and 2% decrease from the same periods in 2020, respectively, demonstrating the long life, low decline profile of Southern's base assets
· Petroleum and natural gas sales of $7.2 million in Q4 2021 and $19.9 million for full year 2021, an increase of 107% and 91% from the same periods in 2020, respectively
· Annual net earnings of $10.1 million in 2021 ($0.24 per share - basic) compared to a net loss of $7.8 million in 2020
· Net Debt1 reduced by $8.7 million in Q4 2021 and $16.6 million for the full year of 2021 to $6.4 million as at December 31, 2021
Southern has completed the drilling operations on the three well horizontal padsite in Gwinville. Site preparation for the completion operations has begun and the Company anticipates initial production from the wells in May 2022.
On January 28, 2022, Southern entered into a fixed price hedge on production of 2,000 MMBtu/d of natural gas at a price of $4.61/MMBtu from March 1, 2022 through December 31, 2022. Combined with the existing fixed price hedge that Southern has in place, the Company has 6,000 MMBtu/d of natural gas production hedged at an average price of $3.60/MMBtu from April 1, 2022 to December 31, 2022. These hedge volumes equate to approximately 52% of current production. [oops]

Tuesday 19th 07:00 Trinity Exploration (TRIN)
Q1 2022 Operational Update
https://www.investegate.co.uk/trinity-e ... 00074731I/
Production flat, revenues up 52%, lots of bits going on, US$17.5m cash, results out in May, Galeota farm-out announcement in July?

Tuesday 19th 07:00 United Oil & Gas PLC (UOG)
Q1 2022 Production & Drilling of ASV-1X Well
https://www.investegate.co.uk/united-oi ... 00115025I/
· Q1 2022 production averaged 1,567 boepd (1,267 bopd oil and 300 boepd gas) net to United, in line with H1 2022 guidance of 1,500-1,650 boepd
· The first well in the 2022 drilling campaign, the ASD-2 development well, started production at the end of March
· ASV-1X exploration well has commenced drilling; this is the second well of the five-well 2022 drilling campaign

Tuesday 19th 07:00 Velocys PLC (VLS)
Further business update
https://www.investegate.co.uk/velocys-p ... 00115570I/
further to the business update on 4 April 2022, that it has entered into a contract with a European renewable fuels developer to provide initial engineering services to a project, which is in the planning stages. Whilst the revenue for this initial stage of the project is de minimis

Monday 18th 11:49 'Surgutneftegas' PJSC (SGGD)
Information statement on the meeting of the Board of Directors and its agenda
https://www.investegate.co.uk/--39-surg ... 4955EFABF/
Date of the meeting of the issuer's Board of Directors: 21 April 2022. Agenda of the meeting of the issuer's Board of Directors: On holding an annual general shareholders' meeting of "Surgutneftegas" PJSC.

Friday 15th 18:15 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 15044827I/
On 12-Apr-2022, GIC Private Limited (SG) reduced from 7.315% to 6.197%.

Friday 15th 17:47 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 47284839I/
5,950,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Friday 15th 17:27 Ascent Resources PLC (AST)
Warrant Exercise and Issue of New Warrants
https://www.investegate.co.uk/ascent-re ... 27104815I/
The Company has agreed with the August 2020 Warrant Holders, who own in aggregate a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share, to immediately exercise all the remaining August 2020 Warrants, raising gross proceeds of £242,500. In exchange for the accelerated warrant exercise, the Company has agreed to issue the August 2020 Warrant Holders with one and a half new equity warrants ('New Warrants') per each August 2020 Warrant that is exercised, a total number of 9,093,750 New Warrants have been issued. The New Warrants will be exercisable at a price of 5 pence per new warrant share at any time over the next three years.

Friday 15th 15:00 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 00044556I/
On 13-Apr-2022, Schroders Plc increased from 4.964% to 5.019%.

Friday 15th 14:00 Oilex Ltd (OEX)
Price Monitoring Extension
https://www.investegate.co.uk/oilex-ltd ... 00444524I/
https://uk.finance.yahoo.com/quote/OEX.L/chart
On the day it's dropped -16.7% having touched -21%. Over the last 2 weeks it's down -20.8%.

Friday 15th 13:00 Enteq Technologies (NTQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enteq-tec ... 00124378I/
on 14 April 2022 that Andrew Law, CEO, acquired 142,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 14.75p per Ordinary Share on 14 April 2022. Following this acquisition, Mr Law has a holding of 1,219,403 Ordinary Shares, representing approximately 1.8 per cent. of the Company's issued ordinary share capital.

Friday 15th 11:00 Petrel Resources PLC (PET)
Price Monitoring Extension
https://www.investegate.co.uk/petrel-re ... 00344261I/
https://uk.finance.yahoo.com/quote/PET.L/chart
On the day it's jumped +13.8% with a spike to +21%. Over the last 2 weeks it's up +17.9%.

Friday 15th 10:58 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 58384246I/
On 11-Apr-2022, Morgan Stanley reduced from 7.25% to 0%.

Hallucigenia
Lemon Quarter
Posts: 2675
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Re: Hal's oily roundup

#497460

Postby Hallucigenia » April 29th, 2022, 12:42 pm

Thursday and Friday last week :

Friday 22nd 17:37 Tullow Oil PLC (TLW)
Notice of Annual General Meeting
https://www.investegate.co.uk/tullow-oi ... 37481157J/
The Annual General Meeting (AGM) of the Company will be held at the London offices of Tullow Oil plc at 9 Chiswick Park, 566 Chiswick High Road, London W4 5XT, on 25 May 2022 at 12 noon.

Friday 22nd 16:35 Quadrise Fuels Intnl (QFI)
Price Monitoring Extension
https://www.investegate.co.uk/quadrise- ... 35541063J/
https://uk.finance.yahoo.com/quote/QFI.L/chart
On the day it's ended in the usual range but at one point spiked up to +23%. Over the last 2 weeks it's up +18.9% with a spike to +40%.

Friday 22nd 15:59 Pharos Energy PLC (PHAR)
Annual Report & Accounts and Notice of AGM
https://www.investegate.co.uk/pharos-en ... 59131030J/
The 2022 Annual General Meeting will be held at Argyll, 8-10 Hill Street, London, W1J 5NG on 19 May 2022 at 9.00 a.m.
The Board has been considering how to deal with the ongoing impact of the COVID-19 pandemic on arrangements for the 2022 AGM. Our preference would have been to welcome shareholders in person to our 2022 AGM, particularly given the constraints we faced in 2020 and 2021, however due to the continued unpredictability and potential health risks from public gatherings because of the COVID-19 pandemic, the Board is planning to hold the AGM with minimal attendance at the venue for quorum purposes in order to conduct the business of the meeting. The health and wellbeing of our employees, shareholders and wider community is a priority for Pharos and our AGM arrangements must take this into account. Shareholders are therefore encouraged not to attend in person

It's almost like a company that's used to doing H&S assessments has done one for their AGM. Or they just don't want to risk the hassle of an international team crossing international borders that might close.

Friday 22nd 14:40 PJSC LukOil (LKOD)
EGM Agenda
https://www.investegate.co.uk/pjsc-luko ... 40010961J/
A meeting of the Board of Directors of PJSC "LUKOIL" was held in Moscow yesterday and made a resolution to hold an Extraordinary General Shareholders Meeting of PJSC "LUKOIL" on 30 May 2022 in the form of an absentee voting with the following agenda:
1. Early termination of powers of the President of PJSC "LUKOIL" .
2. Appointment of the President of PJSC "LUKOIL"

Friday 22nd 14:10 Coro Energy PLC (CORO)
Holding(s) in Company
https://www.investegate.co.uk/coro-ener ... 10020936J/
On 21/04/2022, Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 13.21% to 12.62%.

Friday 22nd 14:00 Block Energy PLC (BLOE)
Holding(s) in Company
https://www.investegate.co.uk/block-ene ... 00020828J/
On 05/04/2022, G.P. (Jersey) Limited (Jersey, CI) reduced from 5.02% to 0%.

Friday 22nd 14:00 Seplat Energy PLC (SEPL)
2021 Annual Report and Notice of AGM
https://www.investegate.co.uk/seplat-en ... 00020937J/
The Company will hold its AGM at 11:00am (WAT) on Wednesday 18 May 2022 at 16a Temple Road (Olu Holloway), Ikoyi, Lagos, Nigeria.

Friday 22nd 13:13 Seplat Energy PLC (SEPL)
Appointment of Three Directors on the Board
https://www.investegate.co.uk/seplat-en ... 13350685J/
The Board of Directors of Seplat Energy Plc Friday 22nd announces the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive

Friday 22nd 11:33 'Surgutneftegas' PJSC (SGGD)
Information statement on the date as of which the persons entitled to exercise the rights vested in the securities are determined
https://www.investegate.co.uk/--39-surg ... 3345EPUSV/
Date as of which the persons entitled to exercise the rights vested in the issuer's securities are determined (established): 05 June 2022.

Friday 22nd 11:27 Caspian Sunrise plc (CASP)
Proposed cancellation of share premium account
https://www.investegate.co.uk/caspian-s ... 27540754J/
at the General Meeting held earlier today the resolutions to cancel the Company's Share Premium account and its Deferred Shares were carried with majorities of in excess of 99%. The next step to be able to pay a dividend is to be obtain the confirmation of the High Court.

Friday 22nd 11:06 'Surgutneftegas' PJSC (SGGD)
Information statement 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 ... 0655EDURT/
To convene on 30 June 2022 an annual general shareholders' meeting of "Surgutneftegas" PJSC for 2021. In accordance with Article 3 of Federal Law No. 25-FZ dated 25 February 2022, to hold the annual general shareholders' meeting by way of absentee voting.

Friday 22nd 10:47 United Oil & Gas PLC (UOG)
Notice of Results
https://www.investegate.co.uk/united-oi ... 47540677J/
as per the release of 28 March 2022, the Company will be announcing its results for the full year ending 31 December 2021 on the 26 April 2022. The Company will host a shareholder call at 11:30am on that date.

Friday 22nd 09:11 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 11270437J/
On 19-Apr-2022, The Goldman Sachs Group, Inc. reduced from 3.114% to 2.046%.

Friday 22nd 08:50 Zenith Energy Ltd (ZEN)
Lifting of Tunisian production - US$6.4 million
https://www.investegate.co.uk/zenith-en ... 50010415J/
is pleased to announce that an international crude lifting of approximately 62,000 barrels of oil has successfully been concluded at a price of approximately US$103 per barrel for production from its 45% interest in the Ezzaouia concession, as well its 100% interest in the El Bibane and Robbana concessions.
Total receivables from the sale are expected to be approximately US$6.4 million and are to be paid during the month of May 2022.

Friday 22nd 08:08 PAO Novatek (NVTK)
Announcement Regarding 1Q22 Financial Statements
https://www.investegate.co.uk/pao-novat ... 08100334J/
the Company has decided not to publish its financial statements and not to hold a teleconference with investors on the first quarter 2022 financial results. [!!!]

Friday 22nd 07:41 Savannah Energy Plc (SAVE)
First Independent Power Limited GSA Extended
https://www.investegate.co.uk/savannah- ... 41189791I/
Accugas currently supplies up to 35 MMscfpd of gas to FIPL's Afam power plant. Under the terms of the addendum, FIPL will be able to increase the quantity of gas purchased from Accugas to up to 65 MMscfpd so as to also supply the Trans Amadi and Eleme power plants, in addition to its Afam power plant.

Friday 22nd 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05050312J/
90,492 @ 201.14p

Friday 22nd 07:00 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 00059762I/
On April 21,2022, Alan Douglas Brimacombe (Calgary, Alberta, Canada) increased from 0% to 4.0053%.

Friday 22nd 07:00 Diversified Energy (DEC)
Exercise of Stock Options
https://www.investegate.co.uk/diversifi ... 00039772I/
exercise of 60,000 vested Stock Options, previously awarded to members of its senior management team. The Company withheld 48,435 shares to satisfy the underlying £0.84 exercise price and related employee tax withholding. Accordingly, Diversified issued and allotted an aggregate of 11,565 new ordinary shares of 1 pence each in the Company (the "New Shares")

Friday 22nd 07:00 Egdon Resources PLC (EDR)
Notice of Interim Results
https://www.investegate.co.uk/egdon-res ... 00059713I/
its unaudited interim results for the six months ending 31 January 2022 will be released on Tuesday 26 April 2022. A webcast of the results presentation will be available via the Company website ( http://www.egdon-resources.com ) from 07.00 on 26 April 2022.

Thursday 21st 18:03 DG Innovate PLC (DGI)
Holding(s) in Company
https://www.investegate.co.uk/dg-innova ... 03349715I/
On 20-Apr-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 9.908% to 5.828%.

Thursday 21st 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40309692I/
5,500,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Thursday 21st 16:36 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 36079610I/
https://uk.finance.yahoo.com/quote/TTE.L/chart
On the day it's been in the usual range.

Thursday 21st 16:36 Hurricane Energy PLC (HUR)
Price Monitoring Extension
https://www.investegate.co.uk/hurricane ... 36129611I/
https://uk.finance.yahoo.com/quote/HUR.L/chart
On the day it's been in the usual range.

Thursday 21st 16:07 Touchstone Explrtn. (TXP)
Standard form for notification of major holdings
https://www.investegate.co.uk/touchston ... 07449571I/
On 19/04/2022, North Energy ASA (Oslo, Norway) reduced from 6.02% to 5.976%.

Thursday 21st 16:04 Touchstone Explrtn. (TXP)
SALE OF COMMON SHARES
https://www.investegate.co.uk/touchston ... 04039569I/
CALGARY, ALBERTA (April 21, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that Mr. James Shipka, the Company's Chief Operating Officer, sold 56,000 Company common shares of no par value ("Common Shares"). The proceeds from the sale of Common Shares were to satisfy the costs and withholding taxes associated with Mr. Shipka's share option exercise announced on April 11, 2022. Mr....

Thursday 21st 14:58 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 5800P2920/
On 19-Apr-2022, BlackRock, Inc. increased from 0% to 5.85%.

Thursday 21st 14:50 PAO Novatek (NVTK)
NOVATEK Elects New Board of Directors
https://www.investegate.co.uk/pao-novat ... 50459491I/
PAO NOVATEK announced today that the Annual General Meeting of Shareholders ("AGM") approved the election of members to the Board of Directors.

Thursday 21st 14:48 PAO Novatek (NVTK)
Results of NOVATEK's AGM of Shareholders
https://www.investegate.co.uk/pao-novat ... 48159488I/
announced today the results of its Annual General Meeting of Shareholders ("AGM"). The AGM resolved the following agenda items:

Thursday 21st 14:47 PAO Novatek (NVTK)
NOVATEK's AGM Approves 2021 Dividends
https://www.investegate.co.uk/pao-novat ... 47449490I/
the Annual General Meeting of Shareholders ("AGM") approved the total dividend payment for 2021. The total dividend distribution for 2021 is RR 71.44 per ordinary share, representing an increase of 100.9% as compared to RR 35.56 for 2020.

Thursday 21st 11:51 Nostrum Oil & Gas (NOG)
Notice of Revised Full Year Results Date
https://www.investegate.co.uk/nostrum-o ... 51239278I/
announces a revised date for the publication of its Full Year 2021 Financial Results. The Company will publish its results on 29 April 2022 subject to Board approval and a signed auditor's opinion.

Thursday 21st 10:30 PJSC LukOil (LKOD)
Information Statement
https://www.investegate.co.uk/pjsc-luko ... 30018977I/
Vagit Alekperov informed the Company about his decision to resign as a member of the Board of Directors of PJSC LUKOIL and early resign as President of PJSC LUKOIL. The respective notices of resignation were sent today to the Chairman of the Company's Board of Directors. As of 31 March 2022, Vagit Alekperov owns and votes 3.12% of shares in PJSC LUKOIL.
(Former oil minister who created Lukoil and is now worth about £20bn, he's been a key link in Russia-OPEC relations).

Thursday 21st 09:00 Serica Energy PLC (SQZ)
Investor Presentation
https://www.investegate.co.uk/serica-en ... 00018718I/
CEO Mitch Flegg will provide a live presentation via the Investor Meet Company platform on 27th Apr 2022 at 4:00pm BST. The presentation is open to all existing and potential shareholders.

Thursday 21st 08:37 Empyrean Energy PLC (EME)
Exercise of Warrants
https://www.investegate.co.uk/empyrean- ... 37038859I/
it has received a notice to exercise warrants (exercise price 9p per Warrant) over a total of 850,000 Ordinary Shares (the "Warrant Shares"), for which funds of £ 76,500 have been received by the Company.

Thursday 21st 07:41 Oil and Gas Devt Co (OGDC)
Board meeting and close period
https://www.investegate.co.uk/oil-and-g ... 41078737I/
a meeting of the Board of Directors of the Company will be held on April 28, 2022 at 1100 hours at Islamabad to consider the quarterly accounts for the period ended March 31, 2022 and for declaration of entitlement, if any.

Thursday 21st 07:20 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 20078362I/
21,649 at 202.89p

Thursday 21st 07:00 Angus Energy PLC (ANGS)
Investor Webinar
https://www.investegate.co.uk/angus-ene ... 00078197I/
George Lucan, the Company's Chief Executive Officer, will be presenting at the London South East Retail Investor Webinar on Tuesday 26 April 2022 at 6pm (UK local time).

Thursday 21st 07:00 EnQuest PLC (ENQ)
Issue of Debt
https://www.investegate.co.uk/enquest-p ... 00068219I/
This announcement constitutes the Sizing Announcement referred to in the exchange offer memorandum and prospectus dated 29 March 2022 (the "Exchange Offer Memorandum and Prospectus") relating to (i) the proposed offer and issue (the "Cash Offer") by the Issuer of its 9.00 per cent. notes due 27 October 2027 for cash (the "New Notes"); and (ii) the Issuer's invitation to exchange (the "Exchange Offer") its outstanding Sterling denominated 7.00 per cent. Extendible PIK Toggle Notes due 2023...
In relation to the Exchange Offer, the aggregate nominal amount of the Existing Notes accepted for exchange by the Issuer is £79,277,885. Accordingly, the aggregate nominal amount of the Existing Notes remaining outstanding (and falling due to be repaid by the Issuer on 15 October 2023) after the Exchange Offer will be £111,256,688.

Thursday 21st 07:00 Europa Oil & Gas (EOG)
Signature of Serenity Farm-in Agreement
https://www.investegate.co.uk/europa-oi ... 00058169I/
· Europa is acquiring a 25% interest in [UK Seaward Production Licence P.2358, Block 13/23] Serenity by paying 46.25% of the appraisal well cost, equating to a 1.85 to 1 carry (the "Carry").
· The Serenity appraisal well is scheduled to be drilled and formation tested in late Q3 2022 at a gross cost of £14 million.
· The Carry is capped at a gross well cost of £15 million, of which Europa's interest will be £6.94 million. Thereafter, each party will fund its interests proportionally.

Thursday 21st 07:00 i3 Energy PLC (I3E)
Serenity Farm-in Agreement Execution
https://www.investegate.co.uk/i3-energy ... 00068359I/
i3 confirms that it has executed the Farm-in Agreement ("FIA") with Europa Oil & Gas Limited ("Europa") (company number 03093716) following Europa's completion of its equity fundraising to fund its share of the upcoming Serenity appraisal well...Following this farm-out i3 will retain a 100% WI in the remainder of Block 13/23c which contains the Minos High prospect and Liberator discovery.

Thursday 21st 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00076699I/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Thursday 21st 07:00 Serica Energy PLC (SQZ)
Results for the year ended 31 December 2021
https://www.investegate.co.uk/serica-en ... 00068224I/
Group gross profit of £386.8 million (2020: loss of £2.9 million) and cash flow from operations of £157.6 million (2020: £44.1 million).
· Average net production of 22,200 boe per day (2020: 23,800 boe per day) after extended 2021 maintenance programmes.
· Completion of Rhum R3 and Columbus well programmes bringing increased production starting in August and November 2021 respectively .
· 2P reserves increased to 62.2 million boe (2020: 61.0 million boe) with Group 2021 production more than replaced .
· Average 2021 sales price of approx. US$93 per boe (2020: US$20 per boe) before hedging losses.
· Average operating cost of US$16.47 per boe (2020: US$14.12 per boe) reflecting increased workscope following COVID restrictions during 2020.
· Cash flow from operations of £157.6 million (2020: £44.1 million) after payment during the year of £113.6 million of temporary cash security lodged with hedge counterparties (2020: £1.8 million).
· Closing cash at 31 December 2021 of £103.0 million (2020: £89.3 million) plus a further £115.4 million of temporary cash security (2020: £1.8 million)

Thursday 21st 07:00 Zephyr Energy PLC (ZPHR)
Two-year hedging programme implemented
https://www.investegate.co.uk/zephyr-en ... 00068243I/
is pleased to announce the implementation of a hedging programme related to 328,000 barrels ("bbls") of oil production from its non-operated asset portfolio in the Williston Basin over the next two years (the "Programme"). The Programme is designed to ensure over US$30 million of forecast revenue during this two-year period and has been implemented with BP Energy Company ("BP"), one of the world's leading energy trading houses, as the hedge counterparty. [$100.80 in 2022Q2 down to $82.20 in 2024H1, cash costs $16/bbl, less than half of planned production is hedged]

Thursday 21st 07:00 SDX Energy PLC (SDX)
SPUDDING OF SD-12 EAST WELL
https://www.investegate.co.uk/sdx-energ ... 00068355I/
is pleased to announce the spudding of the SD-12 East appraisal well (SDX WI 75%), targeting additional reserves to the east of the SD-12X discovery well on the Sobhi field located in the Ibn Yunus North development lease. SD-12 East spudded on 16 April 2022 and is expected to reach TD in approximately three weeks. The primary target, which has already been encountered in the Ibn Yunus and Sobhi reservoirs, is the basal Kafr El Sheikh sand at around 6,480 ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 7 Bcf and has a 80% chance of success. In a success case, SD-12 East will be tied-in to the CPF via the existing SD-12X flow-line and is expected to be on production by mid-July 2022.
SD-12 East is the second of three wells to be drilled in the South Disouq area during 2022. The third well in the campaign will be the MA-1X well (Mohsen) targeting an estimated gross unrisked P50 EUR of 21 Bcf. The Mohsen well is planned to spud mid-to-late May.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#497524

Postby Hallucigenia » April 29th, 2022, 4:44 pm

So Monday to Wednesday this week. I've got some other stuff to do, I might get Thurs/Fri done tonight, we'll see.

Pantheon promising ever more OIP, Deltic has a solid pipeline of North Sea exploration coming up although the market doesn't like it presumably because it's not happening RIGHT NOW, Lekoil correct a libellous typo, Ascent have a problem with Slovenia banning fraccing, Sproule do a better job than Gaffney Cline at putting numbers into a CPR for Zephyr and coming up with the Right Answers, Vaalco have a cracking well result in Gabon, DEC make another $50m acquisition, Egdon make a basic maths error in the headlines of their interims, Rockhopper's 5 years of litigation in Italy is approaching a result, Empyrean has a duster at Jade, Tlou continues steady progress, the failure of Arden's new owners to be approved as Nomads mean their companies are rushing to find a replacement (and I suspect it was the due diligence by a replacement that found that they'd miscounted the number of shares for Arrow's IPO), Total buys a pipeline of 4GW of solar in the US, Russian ADRs are now banned, Clontarf dilute existing holders by 160% without a specific project in sight and BP announce the sale of their 5% of Serica.

Wednesday 16:42 Jefferies Int Ltd. ()
Proposed Secondary Placing In Serica Energy plc
https://www.investegate.co.uk/jefferies ... 42155892J/
BP Exploration Operating Company Limited ("BP Exploration") announces its intention to sell up to 13,500,000 ordinary shares in the share capital of the Company (the "OfferShares") through a placing to institutional investors (the "Placing"). The Offer Shares represent approximately 5.0% of the Company's issued ordinary share capital and constitutes BP Exploration's entire shareholding in Serica Energy as at the date hereof. Serica Energy will not receive any proceeds from the sale.

Wednesday 16:36 Arrow Exploration (AXL)
Holding(s) in Company
https://www.investegate.co.uk/arrow-exp ... 36055872J/
On 19-Apr-2022, Spreadex LTD reduced from 4.692% to 3.478%.

Wednesday 16:35 Block Energy PLC (BLOE)
Price Monitoring Extension
https://www.investegate.co.uk/block-ene ... 35425880J/
https://uk.finance.yahoo.com/quote/BLOE.L/chart
On the day it's jumped +15.4% with a spike to +21%. Over the last 2 weeks it's up +25%.

Wednesday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35355879J/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's dropped -20.9%. Over the last 2 weeks it's dropped -30.7% having touched -31%.

Wednesday 16:15 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 15235842J/
On 26-Apr-2022, BlackRock, Inc. reduced from 8.65% to 8.28%.

Wednesday 16:12 Serica Energy PLC (SQZ)
Retirement of Non-Executive Director
https://www.investegate.co.uk/serica-en ... 12445839J/
announces the retirement from the Board of Directors of Ian Vann, Non-Executive Director with effect from 30 April 2022. Mr Vann joined the Board as a Non-Executive Director in July 2007.
[BP lifer who ended up as head of E&P and took the Serica non-exec job after retiring from BP. Fits with BP selling their stake.]

Wednesday 16:00 Energean PLC (ENOG)
Directorate Change
https://www.investegate.co.uk/energean- ... 00085821J/
Robert Peck has informed the Board that he will not offer himself for re-election as a Director at the Company's upcoming Annual General Meeting ("AGM") and will subsequently retire from the Board at the close of that meeting.
[Not that Bob Peck, this one was Canadian ambassador to Greece & Cyprus, no doubt had a valuable contact book in the eastern Med]

Wednesday 15:00 Energean PLC (ENOG)
Annual Financial Report
https://www.investegate.co.uk/energean- ... 00095740J/
today published its Annual Report and Accounts for the year ended 31 December 2021. The full report is available for download on the Company's website at www.energean.com

Wednesday 14:16 Angus Energy PLC (ANGS)
Update on Brockham Oil Field
https://www.investegate.co.uk/angus-ene ... 16535739J/
the Planning Committee of Surrey County Council today passed a resolution to approve the Company's plan to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z subject only to a unilateral undertaking to secure a routing agreement on HGV movements....We expect to update the market on existing production from BRX2-Y now supported by water injection in the coming fortnight.

Wednesday 14:01 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 01045720J/
https://uk.finance.yahoo.com/quote/ANGS.L/chart
On the day it's up +6.2% with a spike to +14%. Over the last 2 weeks it's up +20%.

Wednesday 14:01 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 01095722J/
https://uk.finance.yahoo.com/quote/DELT.L/chart
On the day it's dropped -10.9% having touched -16%. Over the last 2 weeks it's dropped -25.7% having touched -30%.

Wednesday 13:02 Clontarf Energy PLC (CLON)
Placing to raise £3,500,000
https://www.investegate.co.uk/clontarf- ... 02075670J/
The Directors of Clontarf (AIM: CLON) are pleased to announce that the Company has raised £3,500,000 (before expenses) via the placing of 1,400,000,000 ordinary shares (the "Placing Shares") with new investors, via several Australian based brokers, at a price of 0.25p per Placing Share (the "Placing"). The Placing Shares represent approximately 61.65% of the Company's issued share capital as enlarged by the Placing...The net proceeds of the Placing will fund costs associated with the Company's existing assets and will also provide the Company with additional working capital, as the Company's board continues to assess new projects. In this regard, the Company has been evaluating a number of different projects across various jurisdictions, in particular advanced gas exploration prospects in Australia.

Wednesday 12:28 PJSC Tatneft (ATAD)
Notice to ADR Holders
https://www.investegate.co.uk/pjsc-tatn ... 28185622J/
today, 27 April 2022, Article 6 of the Federal Law No. 114-FZ "On amendments to the Federal Law "On Joint Stock Companies" and Article 5 of the Federal Law "On auditing activities" ("Article 6 of the Law 114-FZ"), which prohibits placement or (and) circulation outside of the Russian Federation of Russian issuers' shares by way of placement pursuant to foreign law of securities of foreign issuers representing the rights with respect to such Russian issuers' shares (i.e. depositary receipts), came into effect.
As of effective day of Article 6 of the Law 114-FZ, unless the Company obtains a permission pursuant to a special procedure established by the Russian Government Resolution No. 672 dated 16 April 2022, any circulation of the Company's American Depositary Receipts, each representing 6 ordinary shares of the Company, ISIN US876629205 (the "ADRs"), shall stop, no ordinary shares of the Company shall be permitted to be deposited for the issuance of respective ADRs, and the ordinary shares already deposited with respect to outstanding ADRs shall no longer carry voting rights, shall not be counted towards any voting at the Company's shareholders' meetings, and no dividends shall be paid on such ordinary shares (but accrued and, subject to any other limitations in effect, shall be paid following the cancellation of respective ADRs and their conversion into the ordinary shares).

Wednesday 09:55 Lamprell plc (LAM)
Update to release date of 2021 financial results
https://www.investegate.co.uk/lamprell- ... 55425304J/
In accordance with the temporary forbearance granted by the Financial Conduct Authority (FCA), the Group expects to publish its audited report and accounts for the year ended 31 December 2021 by no later than 30 June 2022. As previously announced, the Group continues to progress a number of potential financing and strategic options, including asset monetisation, project-specific financing, hybrid facilities and/or additional equity, with a view to finalising these options in Q2 2022.

Wednesday 09:47 China Pet &Chem Corp (SNP)
1st Quarter Results
https://www.investegate.co.uk/china-pet ... 47515299J/
Weird seeing balance sheet first, then P&L, then the talky bit. Eps up 24.7%,
In the first quarter, the Company's oil and gas production reached 121.41 million barrels of oil equivalent, up by 3.7% year on year, with natural gas production reaching 313.94 billion cubic feet, up by 7.7% year on year. The exploration and production segment realised an earnings before interest and tax (EBIT) of RMB 11.463 billion, up by 273.1% year on year.

Wednesday 07:34 TotalEnergies SE (TTE)
United States: TotalEnergies Adds 4 GW to its Renewable Energy Portfolio with the Acquisition of Core Solar
https://www.investegate.co.uk/totalener ... 3400Z5601/
further expanding its presence in the U.S. renewable energy industry by acquiring Austin-based Core Solar, LLC whose portfolio includes more than 4 GW of utility-scale solar and energy storage projects at various stages of development across several U.S. states1 and power markets. Core Solar’s CEO Greg Nelson and his employees will join TotalEnergies’ teams.

Wednesday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10055028J/
863,821 at 196.21p

Wednesday 07:00 Angus Energy PLC (ANGS)
Update on Installation Schedule at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 00074344J/
Delivery and installation dates remain substantially unchanged with the bulk of the last skids arriving shortly after the bank holiday weekend, although it is possible that the Joule Thomson skid could be delayed to the following week as a consequence of a potential delay in the delivery of an accessory. All earlier packages, referred to in our RNS of 8 April 2022 are now being tied in....
Wet commissioning is expected to begin at or around 18 May and we are pleased to be assisted in this by an experienced team led by OSL and Inspec. We continue to aim for a short wet commissioning programme and a target date of First Gas of 1 June. This would allow for one full month of production at current high spot prices before the Company's obligations to deliver volumes at the hedge price commence at the end of June.

Wednesday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00054448J/
5,800,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Wednesday 07:00 Challenger Energy (CEG)
Q1 2022 Update
https://www.investegate.co.uk/challenge ... 00114520J/
current level of production is approximately 12% higher than the overall daily average for Q1 2022....The prices realised by the Company are at an approximately 10% discount to the quoted WTI prices. The Company does not currently use any hedging instruments in relation to its oil sales...The improved operating and financial performance of the Company's Trinidad and Tobago operations during Q1 2022 was achieved despite a number of material disruptions to operations and production caused by grid power supply issues. This included an extended nationwide grid outage in February 2022 that caused production facilities and well pumps to go offline for an extended time.

Wednesday 07:00 Canadian O'Seas Petr (COPL)
Appointment of Non-Executive Director
https://www.investegate.co.uk/canadian- ... 00124433J/
is pleased to announce the appointment of Mr. Robert J. Chenery as Independent Non-Executive Director effective April 1, 2022. Mr. Chenery has worked in the petroleum and natural gas industry for more than 50 years. Since 1981, Mr. Chenery has been President of Chenery Dobson Resource Management Ltd, a firm specializing in the evaluation and management of oil and gas assets primarily controlled by investors, banks, and other financial institutions. In addition, on behalf of some of the same clients, Mr. Chenery has been the CEO and/or Chairman of the board of several small oil and gas enterprises. Prior to 1981, Mr. Chenery was a member of the senior management team of the Elf/Aquitaine Group in Canada.

Wednesday 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00124354J/
On 25/04/2022, GLG Partners LP increased from 5.094154% to 5.525165%.

Wednesday 07:00 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 00094486J/
of gross $43.5 million ($34.1 million net) for Shaikan crude oil sales during January 2022 and gross $10.7 million ($8.3 million net) in relation to the arrears from the outstanding January 2020 to February 2020 a gross payment of $53.2 million ($41.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $43.5 million ($34.1 million net) for Shaikan crude oil sales during January 2022 and gross $10.7 million ($8.3 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices. Following receipt of the arrears payment, the current outstanding arrears balance is $8.4 million net to GKP.

Wednesday 07:00 GETECH Group plc (GTC)
Groundworks commence at Inverness site
https://www.investegate.co.uk/getech-gr ... 00104475J/
is pleased to announce the commencement of demolition works at the former SGN Commercial Services ("SGN") gas holder site in Inverness. Demolition and clearance of the site is being undertaken by SGN, and is expected to take 12 weeks. Following completion of this work, Getech will begin the development of its planned green hydrogen facilities, subject to necessary approvals.

Wednesday 07:00 i3 Energy PLC (I3E)
Electronic Communication
https://www.investegate.co.uk/i3-energy ... 00114508J/
is writing to all registered shareholders regarding its intention to adopt electronic communication methods for shareholder documents....A letter setting out the options available to shareholders, is being sent to shareholders on the register as at 22 April 2022. Shareholders wishing to continue to receive shareholder documents in hard copy form will need to notify the Company's registrar, Link Group, by no later than 23 May 2022, by following instructions as detailed in the letter.

Wednesday 07:00 Indus Gas Limited (INDI)
Appointment of Nominated Adviser
https://www.investegate.co.uk/indus-gas ... 00124400J/
Arden Partners plc will continue to act as Broker to the Company. Further to the announcements by Arden Partners plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover [by Ince Group], the Company has appointed Strand Hanson Limited as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners plc, the London Stock Exchange plc has agreed that subject to initial due diligence being undertaken, Strand Hanson Limited has until 5pm on 27 July 2022 to complete its full due diligence.

Wednesday 07:00 Jadestone Energy PLC (JSE)
Confirmation of departure date for CFO
https://www.investegate.co.uk/jadestone ... 00125022J/
As announced on 23 December 2021, Dan Young decided, after more than 20 years overseas, to repatriate with his family back to Australia. He will step down from his position as CFO and as a Director of the Company on 29 April 2022.

Wednesday 07:00 Oil and Gas Devt Co (OGDC)
Appointment of director
https://www.investegate.co.uk/oil-and-g ... 00075020J/
It is informed that Mr. Abdul Aziz Uqaili, Chief Secretary Balochistan has been appointed on the Board of Directors of the Company w. e. f. April 26, 2022 in place of Mr. Mathar Niaz Rana, former Chief Secretary Balochistan.

Wednesday 07:00 Serinus Energy PLC (SENX)
Appointment of Nominated Adviser
https://www.investegate.co.uk/serinus-e ... 00124519J/
announces that Shore Capital and Corporate Limited ("Shore Capital") has been appointed as nominated adviser with immediate effect. Shore Capital Stockbrokers Limited and Arden Partners Plc will remain joint brokers. Further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has appointed Shore Capital as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, Shore Capital has until 5pm on 27 July 2022 to complete its full due diligence.

Wednesday 07:00 Tlou Energy Ltd (TLOU)
Operational Report - Quarter ended 31 March 2022
https://www.investegate.co.uk/tlou-ener ... 00104503J/
Ø Transmission line construction contractors and owners' engineers engaged
Ø Lesedi 3 production well successfully brought back online and producing gas
Ø Generation licence granted for the 10MW Lesedi Gas-to-Power project
Ø US$ 5m received from long-term supporter Botswana Public Officers Pension Fund
Ø Strong cash position of A$ 8.67m (unaudited) at the end of the quarter
Prior to the workover average daily production was approximately 56 Mcf (~10 BOE). These wells are dewatering in isolation and gas flow rates are expected to continue to increase, potentially significantly, when part of a full field development. The Company plans further production and exploration drilling in due course aimed at expanding gas production and to increase gas reserves further. Tlou's current 2P gas reserves stand at approximately 41 billion cubic feet (~7.2m BOE).

Wednesday 07:00 Empyrean Energy PLC (EME)
Jade well reached Total Depth
https://www.investegate.co.uk/empyrean- ... 00135030J/
· LH 17-2-1 well at the Jade prospect reached final total depth of 2849 metres Measured Depth ("MD") in Pre-Tertiary granitic formation
· The interpretation from logging while drilling (LWD) and mud logging equipment has indicated no oil pay in the target reservoir
· Current operations are running final logs before commencing demobilisation of the NH 9 rig

Tuesday 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Release Date for its 2022 First Quarter Results and Details of Annual Meeting of Stockholders
https://www.investegate.co.uk/gran-tier ... 0500H9579/
the Company will release its 2022 first quarter financial and operating results on Tuesday May 3, 2022, post-market, and provides the following information regarding the Company’s Annual Meeting of Stockholders. Gran Tierra’s 2022 Annual Meeting of Stockholders will be held on Wednesday, May 4, 2022 at 11:00 a.m. (Mountain Time).

Tuesday 16:36 Diversified Energy (DEC)
Results of Annual General Meeting
https://www.investegate.co.uk/diversifi ... 36524234J/
Diversified Energy Company PLC (LSE: DEC) is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meetings held earlier today were duly passed.

Tuesday 16:21 Petrofac Limited (PFC)
Board update
https://www.investegate.co.uk/petrofac- ... 2135ERYJV/
Non-executive Director Ayman Asfari has informed the Board that he has received formal written confirmation from the UK Serious Fraud Office (SFO) that he is no longer a suspect in its investigation.

Tuesday 16:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00044123J/
On 22 April 2022 shares in certain EIG-managed entities were issued to Steve Farris, Non-Executive Director of the Company, pursuant to a contractual agreement between Steve and such EIG-managed entities (the "Issuance").

Tuesday 12:39 Rockhopper Exp plc (RKH)
Ombrina Mare Arbitration Update
https://www.investegate.co.uk/rockhoppe ... 39114001J/
it has been informed that the proceedings related to the Ombrina Mare Arbitration were declared closed in accordance with Rule 38(1) of the ICSID Arbitration Rules on 25 April 2022.
[this is the legal tussle that's been dragging on for over 5 years after Italy banned new E&P inside the 12-mile limit, let's see what result is announced]

Tuesday 12:33 Egdon Resources PLC (EDR)
Replacement - Interim Results
https://www.investegate.co.uk/egdon-res ... 33573974J/
The following amendments have been made to the 'Interim Results for the Six Months Ended 31 January 2022' announcement released on 26 April 2022 at 7:00am :
'Production during the period increased by 116% to 36,714 barrels of oil equivalent ("boe") equating to 200 boe per day ("boepd") (H1 2021: 16,928 boe and 92 boepd)' instead of an increase of 156% to 43,420 boe equating to 205 boepd. This earlier figure having included the production for February 2022 in error.'
' The average realised price per barrel of oil equivalent was 178% higher at $93.81/boe (H1 2021: $33.81/boe)' instead of an average realised price per boe of 135% higher at $79.32/boe.
Oops.

· Wressle production has significantly exceeded the original 500 barrels of oil per day ("bopd") expectation and is currently producing at permit constrained rates of 760-800 bopd following upgrades to the production facilities
· Planning permission was refused for the drilling of a side-track well, testing and long-term production at the Biscathorpe project
· Profit before impairments/write backs of £0.715 million (H1 2021: loss of £0.763 million)
· Overall profit for the period of £1.222 million including £0.507 million write-back (H1 2021: loss of £1.039 million including £0.276 million of impairments)
· Cash and cash equivalents of £2.084 million (H1 2021: £2.422 million and 31 July 2021: £
· Further developing the Company's energy transition opportunities including repurposing of the Dukes Wood-1 well for geothermal heat

Tuesday 09:06 Petrofac Limited (PFC)
Publication of 2021 Annual Report and Notice of the 2022 AGM
https://www.investegate.co.uk/petrofac- ... 0625EEPMW/
it has today published its 2021 Annual Report and Accounts (2021 Annual Report) and Notice of 2022 Annual General Meeting (2022 AGM Notice)....
The Company's 2022 AGM is scheduled to be held at 10:30am on Thursday 26 May 2022 at One Silk Street, London, EC2Y 8HQ.

Tuesday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10083394J/
808,248 at 194.89p

Tuesday 07:01 United Oil & Gas PLC (UOG)
Board Change
https://www.investegate.co.uk/united-oi ... 01052836J/
United Oil & Gas PLC announces that David Quirke has notified the Board of his intention to step down as Chief Financial Officer ('CFO') and Executive Director of the Company at a date to be agreed in due course.

Tuesday 07:00 Afentra PLC (AET)
ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
https://www.investegate.co.uk/afentra-p ... 00102800J/
· Rebranded Sterling Energy to Afentra ('African Energy Transition') with a strategic imperative of capitalising on opportunities resulting from the accelerating energy transition on the African continent.
· In April, Afentra named preferred bidder to purchase interests in Block 3/05 and Block 23. [Angola]
· The Company continued to support the Operator of the Odewayne block, Somaliland, in progressing the technical understanding of the block; and continued to review its technical assessment and outlook on block prospectivity. (holds a 34% working interest in the PSA fully carried by Genel Energy Somaliland Limited for its share of the costs of all exploration activities during the Third and Fourth Periods of the PSA.)
· Cash resources net to the Group at 31 December 2021 of $37.7 million (2020: $42.7 million).
· Adjusted EBITDAX: loss for the Group of $2.0 million (2020: $761k loss).
· The Group remains debt free

Tuesday 07:00 Chariot Limited (CHAR)
Appointment of Project Finance Advisor
https://www.investegate.co.uk/chariot-l ... 00143384J/
is pleased to announce, following the recent successful gas drilling campaign on the Anchois gas project offshore Morocco, the appointment of Societe Generale, London Branch to the role of financial advisor to develop debt funding options for the Anchois gas development.

Tuesday 07:00 Diversified Energy (DEC)
Acquisition of East Texas Assets
https://www.investegate.co.uk/diversifi ... 00143395J/
announces the acquisition of certain East Texas upstream assets and related facilities ("the Assets") from a private seller (the "Acquisition").....Cash consideration of $50 million funded entirely with cash on hand and borrowings on the Company's revolving credit facility ("Purchase Price") ◦ Represents a 1.4x multiple based on net Purchase Price and $35 million of estimated next twelve months' ("NTM") Adjusted EBITDA(a) before potential synergies

Tuesday 07:00 Egdon Resources PLC (EDR)
Withdrawal of Shell from P1929 and P2304
https://www.investegate.co.uk/egdon-res ... 00102806J/
advises that Shell U.K. Limited has informed Egdon and the North Sea Transition Authority ("NSTA") of its intention to withdraw from licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. Egdon will now consider its options

Tuesday 07:00 Vaalco Energy Inc (EGY)
SUCCESSFUL AVOUMA 3H-ST DEVELOPMENT WELL
https://www.investegate.co.uk/vaalco-en ... 00143396J/
today announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3,100 gross barrels of oil per day ("BOPD"), which was above VAALCO's internal expectations.....We have begun drilling our third well, the ETBSM 1HB-ST development well, which will also target the Gamba reservoir, but just as importantly, allow us to test the deeper Dentale formation at South Tchibala which has not yet been delineated in this area.

Tuesday 07:00 Europa Oil & Gas (EOG)
Wressle Update
https://www.investegate.co.uk/europa-oi ... 00092774J/
notes the update by Operator Egdon Resources U.K. Limited ("Egdon") on activities issued today in their Half Yearly Statement....Wressle production has significantly exceeded the original 500 barrels of oil per day ("bopd") expectation and is currently producing at permit constrained rates of 760-800 bopd following upgrades to the production facilities.

Tuesday 07:00 Union Jack Oil PLC (UJO)
Project Update
https://www.investegate.co.uk/union-jac ... 00092745J/
is pleased to note that the Operator, Egdon Resources U.K. Limited ("Egdon") has provided an update on their projects as part of its Interim Results,
Wressle PEDL180 and PEDL182 (Union Jack 40%) :
· Revised Field Development Plan submitted to the North Sea Transition Authority ("NSTA") during April 2022
· Production currently at 760 to 800 barrels of oil per day ("bopd") gross (304 to 320 bopd net to Union Jack)
Keddington continues to contribute tangible revenues, especially during this time of high oil prices.
A subsurface review of the field has highlighted a viable drilling location in the east of the field targeting up to 180,000 barrels of oil of incremental production.
Wressle has effectively transformed the financial position of Union Jack and, coupled with the exceptional opportunities we believe are offered by our other projects, the Company is now covered for all operational and contracted or planned CAPEX costs, including drilling, which augers well for the future of the Company and its shareholders."

Tuesday 07:00 Gulf Keystone Petrol (GKP)
Dividend Payment
https://www.investegate.co.uk/gulf-keys ... 00142598J/
the Company declared an interim dividend of $65 million....and hence a dividend of 23.778p per Common Share will be paid on 13 May 2022 to those shareholders on the register of members of the Company as at 29 April 2022.

Tuesday 07:00 Kosmos Energy Ltd (KOS)
1st Quarter Results Date
https://www.investegate.co.uk/kosmos-en ... 00152540J/
following schedule for its first quarter 2022 results:
· Earnings Release: Monday, May 9, 2022, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com .
· Conference Call: Monday, May 9, 2022 at 11:00 a.m. EST. The call will be available via telephone and webcast.

Tuesday 07:00 United Oil & Gas PLC (UOG)
Final audited results for the year ended 31/12/21
https://www.investegate.co.uk/united-oi ... 00142838J/
· Group working interest 2021 production averaged 2,327 boepd (2020: 2,195 boepd )1 in line with production guidance of 2,100-2,300 boepd issued on 6 September 2021
· Group working interest production in Egypt for the full year 2022 is forecast to average between 1,500 - 1,650 boepd net;
- 100% drilling success in five-well 2021 drilling campaign on the Abu Sennan licence replacing reserves
· Group Revenue of $19.2m (2020: $9.1m)1
· Profit after Tax $4.1m (2020: $0.9m)
· Realised oil price of $68.9/bbl (2020: $37.8/bbl)1
· Cash operating costs of $5.90 /boe (2020: $5.77/boe)1
· Repayments on BP Pre-payment facility $5.4m (2020: $1.7m)1
· Group Cash balance of $0.4m at the period end (2020: $2.2m)2
· United terminated the sale and purchase agreement with Quattro Energy Limited to sell its UK Central North Sea Licences; P2480 and P2519
The Annual General Meeting of the Company will be held at the offices of Armstrong Teasdale, 38 - 43 Lincoln's Inn Fields, London WC2A 3PE at 12.00 p.m. on 1 June 2022.

Tuesday 07:00 Wentworth Resources (WEN)
Deregistration of securities
https://www.investegate.co.uk/wentworth ... 00082572J/
Further to the Company's announcement on 4 February 2022 regarding its plan to deregister its ordinary shares (the "Securities") from the Norwegian Central Securities Depository (the "VPS Register") and the related information sent to shareholders on the VPS Register, Wentworth can confirm that the VPS Register will close as planned with effect from 30 April 2022.

Tuesday 07:00 Zephyr Energy PLC (ZPHR)
Paradox Basin Reserves and Resource Evaluation
https://www.investegate.co.uk/zephyr-en ... 00142874J/
is pleased to announce the results from an updated Competent Person's Report ("CPR") on its assets in the Paradox Basin, Utah, U.S. (the "Paradox project")....
2P Reserves: First Paradox Basin Proved Reserves booked, based on the State 16-2 LN-CC well drilling success:
o 2.1 million net barrels of oil equivalent ("boe") - an increase from zero boe from 2018 CPR
· 2C Resources: Significant increase to resource estimate across the Cane Creek Reservoir:
o 27 million net boe -more than double the 12.3 million boe from 2018 CPR
· Prospective resources from overlying reservoirs:
o 203 million net unrisked boe (68 million boe risked with a weighted-average 33% chance of success ("CoS"))...
Zephyr's total 2P Proved Reserves now have an estimated net present value at a ten per cent discount rate ("NPV-10") of over US$111 million (up from zero value ascribed in 2018)

Tuesday 07:00 Ascent Resources PLC (AST)
Slovenia : Mining Act Amendments and JV Updates
https://www.investegate.co.uk/ascent-re ... 00102789J/
on 6 April the Republic of Slovenia voted to adopt amendments to the mining law which included provisions that explicitly prohibit holders of mining rights from being able to carry out exploration or exploitation of hydrocarbons with the use of any form of hydraulic stimulation....This development is a further breach by the Republic of Slovenia of its obligations under the Energy Charter Treaty and UK-Slovenia Bilateral Investment Treaty. As a result, the Company has been deprived of the full value of its investments in Slovenia given that it has always expected to be able to continue the historic practise of conducting low volume mechanical stimulation techniques in order to flow the tight gas reservoir. The Company and its legal advisors are reviewing these latest developments which are expected to lead to a significant increase in the Company's damages claim.

Tuesday 07:00 Arrow Exploration (AXL)
2021 ANNUAL RESULTS, MD&A AND RESERVES REPORT
https://www.investegate.co.uk/arrow-exp ... 00142866J/
Q4 Production 719boepd (2020: 140boepd), revenue US$3.038m ($0.368m), adjusted EBITDA +$0.540m (-$1.211m), netbacks +$27.35/boe (-$39.03, ouch). US$10.9m cash. 7,421 Mboe of 2P reserves , pretax NPV10 US$84.1m.
On October 25, 2021, the Company raised approximately £8.8 million (C$15 million), through a placing and subscription for new common shares with new investors, Canacol Energy Ltd., and executive management (together, the "Fundraising") and published an AIM Admission Document in connection with the admission of the enlarged share capital of the Company to trading on the AIM Market of the London Stock Exchange plc. The Fundraising consisted of the placement and subscription of 140,949,545 new common shares at an issue price of £0.0625 (C$0.106125) per new common share. The Company's executive management invested approximately C$1.41 million and Canacol participated in the subscription to hold 19.9% of the enlarged share capital. Investors received one warrant for every two new common shares, exercisable at C$0.15282 per new common share for 24 months from the AIM admission date (October 25, 2021). The net proceeds of the Fundraising, together with the Company's existing funds, are expected to be used to drill two wells at Rio Cravo Este, and will also be deployed in drilling the Carrizales Norte-1 exploration well.
On 24 November 2021, the Company also announced that it had raised C$395,375

Monday 17:52 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 52132719J/
6,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Monday 17:24 PJSC Tatneft (ATAD)
Board Approves AGM Agenda, Related Issues
https://www.investegate.co.uk/pjsc-tatn ... 24142679J/
The Board of Directors of PJSC Tatneft (the "Company") (LSE: ATAD) approved the following agenda of the annual shareholders meeting to be held on 23 June 2022

Monday 15:38 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 38182545J/
PSP Award

Monday 15:00 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 00072480J/
On 22-Apr-2022, Schroders Plc reduced from 5.019% to 4.906%.

Monday 14:37 IOG PLC (IOG)
Notice of AGM
https://www.investegate.co.uk/iog-plc-- ... 37082478J/
The Company's AGM will be held at 10.00am on 3 May 2022 at the offices of Fieldfisher, Riverbank House, 2 Swan Lane, London EC4R 3TT. The 2021 Annual Report and Accounts and the Notice of the Company's AGM was posted to shareholders on 22 March 2022. IOG is required to confirm all attendees ahead of the meeting.

Monday 12:46 Global Petroleum Ltd (GBP)
Extension to Global's Licence PEL 0094
https://www.investegate.co.uk/global-pe ... 46242346J/
the Namibian authorities have granted a one year extension to the Initial Exploration Period of PEL 94, from September 2022 to September 2023 ("licence extension").

Monday 11:59 Empyrean Energy PLC (EME)
Holding(s) in Company
https://www.investegate.co.uk/empyrean- ... 59552289J/
On 22 April 2022, Mr. J D Ballard & family reduced from 3.0003% to 2.925%.

Monday 11:31 Lekoil Limited (LEK)
RNS correction
https://www.investegate.co.uk/lekoil-li ... 31402218J/
notes a typo in part of its RNS announcement no: 6994H dated 7 April and restates the relevant part of the RNS as follows:
"The Company confirms that it has received professional advice that the EGM can proceed notwithstanding the injunction brought by Lekoil Nigeria, as notified to the market on 6 April 2022."
Hah, that's a classic by either SP Angel as Nomad or Camarco as PR, although I must admit at first I missed it myself and couldn't work out why they'd released an RNS just for a typo. The original said "bought the injunction" not "b<b>R</b>ought"!

Monday 08:33 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 33021766J/
On 21-Apr-2022, BlackRock, Inc. reduced from 9.3% to 8.65%.

Monday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10071701J/
908,300 at 199.43 pence

Monday 07:00 Canadian O'Seas Petr (COPL)
New Investor Presentation
https://www.investegate.co.uk/canadian- ... 00081293J/
has today published a new investor presentation which is available via the Company's website at Investor Presentation (canoverseas.com) .

Monday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00041256J/
6,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme

Monday 07:00 Deltic Energy PLC (DELT)
Final Results
https://www.investegate.co.uk/deltic-en ... 00061247J/
The Company's cash was £10,092,205 at 31 December 2021 (2020: £11,968,858)
· Confirmation of Deltic's first exploration well on the Pensacola Prospect (Licence P2252)
· Well planning rapidly progressing with site survey completed October 2021.
· Rig selection and contract process is well advanced with Deltic-Shell JV scheduling drilling the Pensacola well in late Q3 2022.
· Transformational farm-out deal completed with Capricorn Energy PLC ("Capricorn") (previously Cairn Energy PLC) to form an exploration partnership over five licences in the Southern North Sea gas basin.
· Strong progress made since farm-out, with the JV aiming to make a well investment decision in Q3 2022.
· Acquired approximately 680 km2 of new 3D seismic data over the P2428 Licence, which includes the Plymouth prospect.
· Net cash outflow from operations and investing activity for the year of £1.8 million (2020: £1.8 million).
· Cash position of £10.1 million at 31 December 2021 (2020: £12.0 million) with no debt. As at 31 March 2022, the Company had cash on hand (unaudited) of £8.6 million
the evaluation of the new 3D data acquired [on Pensacola] resulting in a significant de-risking of the prospect, with the geological chance of success increasing from 20% to 55%. ....Shell now indicating that drilling is expected to commence towards the end of Q3 2022. Pensacola is a Zechstein Reef prospect located to the northwest of the Breagh gas field in the Southern North Sea. Deltic estimates the Prospect to contain gross P50 Prospective Resources of 309 BCF(30% Deltic) which will rank Pensacola as one of the highest impact exploration targets to be drilled in the gas basin in recent years. Drilling success will be transformational both for Deltic and the emerging Zechstein reef play. The Pensacola well is also being highly anticipated by the industry for its potential to unlock a significant new source of gas to the UK from the Zechstein Reef play, which has been successfully produced in NW Europe from Poland to The Netherlands.
Deltic's conviction in Selene has further increased throughout this process resulting in an uplift in estimated P50 recoverable resources to 318 BCF. With Phase A of the licence due to conclude in September this year, in line with good licence management, the JV has taken the prudent step of approaching the North Sea Transition Authority ('NSTA') to seek an extension to Phase A. Deltic continues to consider Selene to represent the largest undrilled structure of its kind in this part of the SNS, and with an estimated 70% geological chance of success remains committed to progressing this material prospect to drilling.

Monday 07:00 Pantheon Resources (PANR)
Resource Upgrade
https://www.investegate.co.uk/pantheon- ... 00071302J/
· A significant management resource upgrade in the LBFF at Theta West to 17.8 billion barrels of oil in place ("OIP"), a 61% increase on previous estimates, and a recoverable resource of 1.78 billion barrels as a most likely case, a 48% increase on previous estimates.
o Given the discoveries of oil confirmed by testing in the LBFF at Theta West, and previously at Talitha #A, as well as the oil encountered at Pipeline State #1, the Company believes the above estimate could be categorized as a Contingent Resource.
o The new discovery of oil in the SFS at Talitha which management believes has the potential to contain 2.2 billion barrels of OIP, opening up another significant development opportunity in and around the current resource base. Additional analysis is required before Pantheon can estimate the recoverable resource in the SFS.

Monday 07:00 Union Jack Oil PLC (UJO)
US$5 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00051097J/
is pleased to announce that material landmark net revenues of US$5 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. Union Jack holds a 40% economic interest in this producing hydrocarbon development.
As at 22 April 2022, the Company's cash balances and short term receivables stand at in-excess of £7.05 million

Monday 07:00 UK Oil & Gas PLC (UKOG)
Director Share Purchase
https://www.investegate.co.uk/uk-oil--- ... 00081268J/
Stephen Sanderson, Chief Executive Officer, has informed the Company that he has purchased 865,800 ordinary shares in the Company

Monday 07:00 Arrow Exploration (AXL)
EXERCISE OF WARRANTS AND TOTAL VOTING RIGHTS
https://www.investegate.co.uk/arrow-exp ... 00081320J/
pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value ("Common Shares").
Further, the Company has identified that prior to its admission to AIM on 25 October 2021 there were 68,674,622 Common Shares in issue, and not 68,674,202 Common Shares as stated in the Admission Document.
Ooops - nice one Arden (Nomad/jt broker)

Monday 07:00 Igas Energy PLC (IGAS)
Additional Listing Director/PDMR Shareholding
https://www.investegate.co.uk/igas-ener ... 00081317J/
an application has been made to the London Stock Exchange for a total of 164,912 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the IGas Energy plc Share Incentive Plan ("SIP"). Subject to admission, the SIP Shares will be held by Equiniti Share Plan Trustees Limited (the "SIP Trustees").

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#497609

Postby Hallucigenia » April 30th, 2022, 12:26 am

Yesterday's (again, I did it yesterday and managed to lose it, hohum) - busy day now that we're in the heart of the reporting season, with Gazprom and Total needing more wheelbarrows to move the cash they're making, despite a cheeky $4.1bn writeoff for Total in Russia. Petrotal probably had the pick of the results, Oilex are surely going to be bought? All fairly solid stuff in the other results from the likes of Seplat, Hurricane, Jersey, Falcon never fail to underwhelm, Star Phoenix have learnt the hydrogen buzzword. Afentra (née Sterling) shake hands on their big Angola deal, Valeura do a smaller deal in Thailand which leads to them being suspended in London but not Toronto - daft. And BP shifted their 5% of Serica easily enough.

Yesterday 18:15 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 15267793J/
On 28-Apr-2022, David and Monique Newlands increased from 8.14% to 9.08%.

Yesterday 16:20 Tullow Oil PLC (TLW)
Block Listing Application
https://www.investegate.co.uk/tullow-oi ... 20017443J/
A block listing application has been made for 16,000,000 ordinary shares of 10p each in the Company to be admitted to the Official List...The new ordinary shares will be issued from time to time to satisfy the issue of shares pursuant to the exercise of options under the Company's Employee Share Award Plan and the Tullow Incentive Plan.

Yesterday 16:07 S.N.G.N. Romgaz S.A. (SNGR)
Q1 2022 Preliminary Key Operational Results
https://www.investegate.co.uk/s.n.g.n.- ... 07417599J/
Production flat, electricity up 70%, more gas gone into storage.

Yesterday 16:06 Star Phoenix Group (STA)
Half-Year Report Ended 31 December 2021
https://www.investegate.co.uk/star-phoe ... 06437598J/
The loss for the financial half-year ended 31 December 2021 amounted to US$124,732 (loss for half-year ended 31 December 2020: US$2,221,335).
At 31 December 2021, the Group had net liabilities of US$5,143,286 (30 June 2021: net liabilities of US$4,685,676) and cash of US$1,517,581 (30 June 2021: US$1,911,072)....
The Company's key focus remains on securing new attractive acquisition opportunities to provide future growth and value for the Company and its shareholders. During the previous 12 months, the Company had reviewed significant number of new projects and investment opportunities in the energy sector including renewable energy, in addition to oil & gas. Currently, a potential hydrogen opportunity is under a non-binding agreement and some other technical and commercial discussions are ongoing with several parties in relation to new projects in the energy sector. The Directors are confident that these discussions will eventuate in securing a new project for the Company on attractive terms as long as new funds are available.

Yesterday 16:00 Tullow Oil PLC (TLW)
Block listing Interim Review
https://www.investegate.co.uk/tullow-oi ... 00027421J/
ESOP, bonuses etc

Yesterday 15:50 S.N.G.N. Romgaz S.A. (SNGR)
OGSM and EGSM Resolutions April 28, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 50237578J/
The EGMS approves the conclusion of the Sale and Purchase Agreement regarding all Shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited

Yesterday 15:33 PJSC Gazprom (OGZD)
Gazprom's 2021 full year IFRS results
https://www.investegate.co.uk/pjsc-gazp ... 33517551J/
Revenue of 10.2 trillion rubles, up 62%. Net profit of 2.2 trillion rubles, up 13-fold. Net debt down 26% to 2.87 trillion rubles.

Yesterday 14:29 Hunting PLC (HTG)
Payment of 2021 Final Dividend in Sterling
https://www.investegate.co.uk/hunting-p ... 29497468J/
At the Company's Annual General Meeting on 20 April 2022, shareholders approved the Directors' recommendation to declare and pay a final dividend in respect of the year ended 31 December 2021 of 4.0 cents per share...3.1771 pence per ordinary share

Yesterday 11:57 Borders & Southern (BOR)
Holding(s) in Company
https://www.investegate.co.uk/borders-- ... 57447279J/
On April 28,2022, Alan Douglas Brimacombe (Calgary, Alberta, Canada) increased from NA to 5.0173%.

Yesterday 11:44 TotalEnergies SE (TTE)
1st Quarter Results
https://www.investegate.co.uk/totalener ... 4400Z7805/
Adjusted net income for Q1 goes from $3bn to $9bn, adjusted EBITDA goes from $8.2bn to $17.4bn.

Yesterday 11:00 Jersey Oil & Gas PLC (JOG)
Price Monitoring Extension
https://www.investegate.co.uk/jersey-oi ... 00267176J/
https://uk.finance.yahoo.com/quote/JOG.L/chart
On the day it's jumped +12.9% with a spike to +15% following results. Over the last 2 weeks it's been in the usual range.

Yesterday 10:58 OMV Petrom S.A. (PETB)
Availability of Q1 2022 results
https://www.investegate.co.uk/omv-petro ... 58187167J/
consolidated unaudited results for January - March 2022 prepared in accordance with International Financial Reporting Standards will be available on the website www.omvpetrom.com , at Bucharest Stock Exchange (SNP symbol) and at London Stock Exchange (PETB and PETR symbols) starting with April 29, 2022, 8:00 am (Bucharest time),

Yesterday 09:53 Oil and Gas Devt Co (OGDC)
Financial Results quarter ended Mar 31, 2022
https://www.investegate.co.uk/oil-and-g ... 53107003J/
the Board of Directors of our Company in their meeting held on April 28, 2022 at 11:00 hours at Islamabad, have approved as follows: An Interim cash dividend for the quarter ended March 31, 2022 @ Rs 1/- per share i.e. 10 percent. This is in addition to interim dividend already paid @ 3.75 per share i.e 37.50 percent
Wow - they actually give results in Annex I & II in Roman numerals, at least Annex III uses Arab, although they gloss over what looks like a ~15% decline in production :
https://www.rns-pdf.londonstockexchange ... 2-4-28.pdf
https://www.rns-pdf.londonstockexchange ... 2-4-28.pdf
https://www.rns-pdf.londonstockexchange ... 2-4-28.pdf

Yesterday 07:49 TotalEnergies SE (TTE)
TotalEnergies Announces the First 2022 Interim Dividend of €0.69/Share, an Increase of 5% Compared to 2021
https://www.investegate.co.uk/totalener ... 4900Z7601/
declared the distribution of the first 2022 interim dividend at €0.69/share, an increase of 5% from the interim dividends paid and the final dividend proposed for the 2021 financial year. This increase is in line with the shareholder return policy for the financial year 2022 as announced by the Board in February 2022 and confirmed to shareholders at the March 24, 2022 investor meeting.

Yesterday 07:35 Valeura Energy Inc. (VLU)
ACQUISITION OF GULF OF THAILAND ASSETS
https://www.investegate.co.uk/valeura-e ... 35126743J/
Yesterday 07:30 Official List ()
Suspension - Valeura Energy Inc.
https://www.investegate.co.uk/official- ... 30066747J/
is pleased to announce that it has entered into a Sale and Purchase Agreement with KrisEnergy (Asia) Ltd (the "Seller") to acquire all of the shares of KrisEnergy International (Thailand) Holdings Ltd. (the "SPA"), which holds an interest in two operated licences offshore Thailand for total initial cash consideration of US$3.1 million, plus certain contingent payments of up to a further US$7.0 million relating to future development milestones. Separately, Valeura has agreed to purchase an onsite Mobile Offshore Production Unit ("MOPU") from Nora Limited, for consideration of US$9.2 million (the "MOPU Purchase") which will be phased over approximately 14 months. Valeura expects to fund both the SPA and the MOPU Purchase (together the "Acquisition") from cash on hand and from initial cash flows generated by the assets.
· Acquisition of working interests ("WI") in two shallow water Gulf of Thailand licences: G10/48 licence (89% operated WI) presenting a near-term production reactivation opportunity of the Wassana oil field, and the G6/48 licence (43% operated WI) containing the undeveloped but fully appraised Rossukon oil field;
· Near-term cash flow from the developed Wassana oil field re-activation, with anticipated rates of approximately 3,000 bbls/d (net), expected starting in Q4 2022;
· Anticipated net cash flows of approximately US$9 million per quarter upon reactivation of Wassana field, based on current benchmark commodity prices;
· Total proved and probable (2P) reserves of approximately 4.0 mmbbls of oil;
Valeura will hold an 85% interest in the SPV, with the remainder held by Panthera Thailand Pte. Ltd. ("Panthera"). The relationship between Valeura and Panthera as shareholders of the SPV is governed by a shareholder agreement which includes, among other things, provisions for the funding of the SPA and MOPU Purchase on a 100% basis by Valeura...The Panthera individuals expected to be employed by the SPV comprise a senior leadership team with multiple decades of experience in the Southeast Asia region, and a direct history with the acquired assets.
Another receivership. Daft that London is treating it as a reverse takeover requiring suspension, but you can transfer your shares to Toronto and sell them there.

Yesterday 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30066017J/
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 £0.266 per Share. The Shares were purchased on the open market pursuant to trading plans entered into by each Director on 19 April 2022.

Yesterday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10056745J/
658,241 at 198.57 pence

Yesterday 07:00 Jefferies Int Ltd. ()
Result of Secondary Placing of Shares in Serica
https://www.investegate.co.uk/jefferies ... 00086142J/
Further to the announcement released on 27 April 2022, BP Exploration Operating Company Limited ("BP Exploration") announces that it has sold its entire shareholding in the Company, being 13.5m ordinary shares (the "Placing Shares"), by way of an accelerated bookbuild (the "Placing"). The Placing price was 365 pence per Placing Share, raising gross proceeds of approximately £49.3 million.
Which then goes immediately into buying back BP shares...

Yesterday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00046065J/
3,008,830 shares at 378.6943p = £11.4m, less than usual, I guess they were busy with the Serica deal.

Yesterday 07:00 Afentra PLC (AET)
SPA with Sonangol for Blocks 3/05 & 23, Angola
https://www.investegate.co.uk/afentra-p ... 00096159J/
is pleased to announce that its wholly-owned subsidiary, Afentra (Angola) Ltd, has signed a Sale and Purchase Agreement ('SPA') with Sonangol Pesquisa e Produço S.A. ('Sonangol') to purchase interests in Block 3/05 and Block 23, offshore Angola (the "Acquisition") for a firm consideration of $80 million and contingent payments of up to $50 million (in aggregate) in the case of Block 3/05 and consideration of $0.5 million in the case of Block 23.
Block 3/05 - acquiring a 20% non-operated interest in a high-potential long-life asset
o Initial consideration of $80 million
o Additional contingent consideration of up to $50 million to be paid in respect of each of the ten calendar years commencing 1 January 2023
o Stable production of c.4,000 bopd net with strong cashflow
o Net 2P reserves of c.20 million barrels1
o Oil in Place of over 3 billion barrels1 provides significant resource upside
o Highly attractive asset economics with low breakeven oil price of $35/bbl
• Block 23 - acquiring 40% non-operated interest in a highly prospective deepwater exploration and appraisal opportunity for a consideration of $0.5 million
• Funding - expected to be financed through new debt facilities and existing cash on the balance sheet. Discussions with prospective debt providers well advanced
Afentra is acquiring a 20% non-operated interest in Block 3/05 and a 40% non-operated interest in Block 23 for a total consideration of up to $130 million. The consideration is comprised of $80 million cash up front, subject to customary completion adjustments, up to $50 million in contingent payments, payable in respect of each of the ten calendar years commencing January 1, 2023 and subject to certain oil price and production hurdles, and $0.5 million in respect of Block 23. The Acquisition has an effective date of 20 April 2022.
This represents a strategic entry into a highly attractive West African jurisdiction with an implied acquisition cost of ~$4/boe, based on 2P reserves

Yesterday 07:00 PetroTal Corp. (PTAL)
2021 Year-End Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00126672J/
· Achieved production of 8,966 barrels of oil per day ("bopd") and sales of 8,449 bopd, up 58% and 48%, respectively, from 2020;
· Recorded a 5th straight quarter of production growth; reaching 10,147 bopd in Q4 2021 from 9,508 bopd in Q3 2021;
· Achieved a four year Company target of 20,000 bopd in mid December 2021 underpinned by strong production rates from the newly drilled 8H and 9H wells in late Q3 and Q4 2021 that each reached over 8,500 bopd, respectively;
· Generated record net operating income ("NOI") and EBITDA(a) in 2021 of $105 million and $90 million, up approximately 3.6x and 5x, respectively, from 2020;
· Generated record funds flow provided by operations(a), before changes in working capital of $86.7 million, up over 5x from 2020;
· Grew proved plus probable ("2P") and proved plus probable plus possible ("3P") reserves by 53% and 39%, respectively, to 78 and 147 million barrels of oil ("bbl");
· Material progression of 2P after tax net present value discounted at 10% ("NPV-10") reserve value per share of $1.23, up 62% from 2020;
· Generated 2021 proved ("1P") and 2P reserve replacement ratios of 457% and 816%, respectively; and,
· Created the framework for a social trust representing 2.5% of production, to create long standing alignment between communities and government, with a view to minimizing social downtime, maximizing social profitability, and developing community projects that will have a significant positive impact near the Company's Bretana oilfield.
Generated annual net positive free cash flow(a) before changes in non cash working capital and debt service of $8.4 million, a first for PetroTal.
Maintained total lifting costs between $5.1 and $5.5 million per quarter in 2021 demonstrating significant scalability as production grew 60% from Q4 2020 to Q4 2021. On an annualized basis lifting costs were $21.5 million ($6.99/bbl) for 2021 compared to $15.7 million ($7.51/bbl) in 2020.
PetroTal elected to repay $20 million of the original $100 million bond issue, on April 1, 2022, reducing its total long term debt to $80 million, thereby lowering future interest costs.
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 return of capital to shareholders strategy in Q4 2022, subject to Board approval.
· Completion of well 8H. Well 8H was completed in late Q3 2021 for under $12 million, had initial production rates in excess of 8,500 bopd, paying out in Q4 2021 from realized netbacks of over $38.00/bbl.
· Completion of well 9H. Well 9H, completed in early December 2021, achieved approximately 9,000 bopd in early testing, averaging 8,200 bopd for the subsequent ten-day period.
The Company's loading dock was re-opened on April 7, 2022 and PetroTal has been producing approximately 18,200 bopd over the last 10 days with priority sales going to Iquitos and Brazil thereafter. Until the ONP maintenance is completed, the Company will be managing production volumes to fit the Iquitos and Brazil sales threshold of nearly 16,000 bopd.

Yesterday 07:00 Seplat Energy PLC (SEPL)
Q1 2022 Results
https://www.investegate.co.uk/seplat-en ... 00096155J/
•Working interest production averaged 47,603 boepd (liquids 29,079 bopd, gas 18,524 boepd)
•Full-year guidance remains unchanged at 50-60 kboepd
•Amukpe-Escravos Pipeline mechanically completed, all commercial terms have been agreed and are moving through counterparty approval processes for signature. Expected to be fully operational by end of Q2 2022.
•Decision to exit Ubima to focus on more profitable assets; agreement reached to sell Seplat Energy's share to its JV partner for $55 million. 2P reserves reduce by 2 MMboe from 457mmboe to 455 MMboe.
•Revenues up 58.6% to $241.8 million
•EBITDA up 81.6% to $147.4 million (adjusted for non-cash items)
•Strong cash generation of $178.7 million, capex of $25.7 million
•Strong balance sheet with $312.2 million cash at bank, net debt of $442.6 million
•Sales & Purchase Agreement signed on 25 February to acquire Exxon's shallow water operations in Nigeria, Mobil Producing Unlimited, Nigeria (MPNU)
•Acquisition remains on track and awaiting necessary approvals, expected to complete in H2 2022
Full-year production guidance for 2022 remains at 50,000 to 60,000 boepd on a working interest basis, comprising 30,000 to 35,000 bopd liquids and 116 to 150 MMscfd (20,000 to 25,000 boepd) gas production. This guidance does not include any contribution from [Mobil Producing Nigeria Unlimited] and the ANOH Gas Plant.

Yesterday 07:00 Hurricane Energy PLC (HUR)
Full-Year Results 2021
https://www.investegate.co.uk/hurricane ... 00116180J/
· Revenues of $240.5 million from seven liftings of Lancaster crude (2020: $180.1 million from 12 liftings)
· Cash production costs of $28.2/bbl (2020: $17.9/bbl)
· Generated $135.7 million of free cash flow†, equivalent to $36.2/bbl (2020: $74.2 million, $14.6/bbl)
· Profit after tax for the period of $18.2 million (2020: loss after tax of $625.3 million)
· Net free cash† of $51.5 million (31 December 2020: $111.4 million)
· Net debt† of $27.0 million (31 December 2020: $118.6 million)
·Repurchased $151.5 million of Convertible Bonds at average price of 86%, saving $29.5m in future principal and interest
· Production within guidance with average daily rate of 10,267 bopd (2020: 13,900)...in the first quarter of 2022 it has been 9,372 bopd...As of 17 April 2022, Lancaster was producing c.9,150 bopd from the P6 well alone with an associated water cut of c. 43%, in line with guidance....Production guidance for the full calendar year 2022 is 7,500 - 8,600 bopd.
· Full bond repayment anticipated in July 2022
· Net free cash† of at least $60m projected following bond repayment, assuming production in line with guidance and oil prices of at least $90/bbl
Further to discussions with our JV partner, Spirit Energy, the GWA JV has taken the decision to surrender the Lincoln P1368(S) licence sub area. With access to limited funds, and no reasonable expectation that the Lincoln discovery could generate any meaningful near-term cash realisation in comparison to the other options currently under consideration, voluntarily surrendering the Licence is the right choice. This gives rise to an impairment charge of $54.3 million against the full carrying value of the Lincoln asset in the Company's accounts.
New CPR by ERCE has found some more oil down the back of the sofa.

Yesterday 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Full Year Results
https://www.investegate.co.uk/falcon-oi ... 0000H9613/
Strong financial position, debt free with cash of US$8.9 million at 31 December 2021 (31 December 2020: US$11 million).
Loss US$4.7m (2020:$1.8m)
But you have to go to their website for most of it, in particular the MD&A which is mostly detailed history before getting to the point :
On 25 January 2022 Falcon provided details of the planned Stage 3 work programme. The planned Stage 3 work programme of the restated Farm-Out Agreement will include the drilling, fracture stimulation and extended production test of two horizontal wells.
Stage 3 Planned Work Programme includes:
• acquisition of 40 km2 of 3D seismic survey on the Amungee NW-1H well lease area;
• drilling two 2,000+ metre horizontal wells on the Amungee NW-1H pad, targeting the Amungee Member (formerly knowns as the Middle Velkerri) B Shale;
• fracture stimulation of both horizontal wells;
• extended production testing of between 90 and 180 days on each well;
• follow up core and log analysis of the very encouraging preliminary evaluation of the 2021 Velkerri 76 well results; and
• further evaluation of the results of the Kyalla 117 to better understand the issues encountered during testing in 2021.
Stage 3 Drilling and 3D Programme Objectives
• The acquisition and interpretation of 3D seismic will be used to:
o plan the drilling of the 2022 wells and any future horizontal wells in the area;
o optimise horizontal well trajectories; and
o assess the viability of future 3D surveys in the Basin.
• The two horizontal wells are being designed to:
o demonstrate scalability of the Amungee NW-1H results over longer laterals; and
o establish operational and cost efficiencies by drilling more than one well from the same pad
In 2007, Falcon’s subsidiary, TXM, was awarded the 35-year Makó Production Licence which covers some of the acreage originally covered by the Makó and the Tisza exploration licences. Falcon continues to maintain and safeguard its Hungarian wells and review its operations in Hungary, evaluating all options available to the Group to deliver shareholder value. The Group maintains its 100% interest in the Máko Trough.

Yesterday 07:00 Oilex Ltd (OEX)
March Quarterly Report 2022
https://www.investegate.co.uk/oilex-ltd ... 00065996J/
» The Company is focussing on re-establishing a field development program including a re-frac of the existing C-77H well to increase production and to develop a reliable fraccing methodology that can be applied to future wells.
» During the Quarter, the Government of India Ministry of Petroleum and Natural Gas approved the transfer of assignment of the 55% Participating Interest ("PI") in the Cambay Field Production Sharing Contract ("PSC") held by Gujarat State Petroleum Corporation Ltd ("GSPC") to Oilex.
» Following the end of the Quarter, on 8 April 2022, production recommenced on the Company's Cambay gas field, together with gas sales....
» Cash resources at 31 March 2022 were A$2.29 million (£1.31 million)...
The agreement to purchase GSPC's 55% PI in the Cambay PSC has enabled it to accelerate field development of the Cambay field's c.930 BCF 2C gas resources (100% gross). Oilex plans to re-frac the existing C-77H well to demonstrate a reliable fraccing methodology for two new wells planned for calendar H2 2022 and calendar H1 2023, subject to securing the necessary funding. Following the re-frac, the Company will seek to identify a new joint venture partner for the Cambay PSC in order to mitigate the funding requirement....
A successful re-frac operation will enable the initiation of the full Cambay field development with two new horizontal and fracced wells planned for end of 2022 / Q1 2023, subject to funding. Oilex's project studies and experience from other stimulation projects result in an expectation of initial production rates of 4-5 mmscfd for new horizontal wells which will provide robust economics.
Feels like someone will buy Oilex rather than farm in?? Although I don't know the shareholdings.

Yesterday 07:00 Jersey Oil & Gas PLC (JOG)
Final Results for the year ended 31 December 2021
https://www.investegate.co.uk/jersey-oi ... 00096166J/
§ The Company has aggregated a significant oil and gas resource base in the Central North Sea, the "Greater Buchan Area" ("GBA")
§ JOG launched its GBA farm-out process and is actively engaged with multiple counterparties
§ Farm-out activities have intensified with JOG broadening the development solutions under ongoing evaluation with the various interested parties
§ Year-end cash position of approximately £13.0 million, with no debt
The Company will hold its AGM in respect of its financial year ended 31 December 2021 on Thursday, 26 May 2022 at 2.00 p.m. at the offices of Pinsent Masons LLP, 30 Crown Place, Earl Street, London EC2A 4ES.

Yesterday 07:00 TotalEnergies SE (TTE)
Russia: TotalEnergies Records a 4.1 B$ Impairment in Its Q1 2022 Accounts
https://www.investegate.co.uk/totalener ... 0000Z7101/
On March 22, 2022, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announced that, given the uncertainty created by the technological and financial sanctions on the ability to carry out the Arctic LNG 2 project currently under construction and their probable tightening with the worsening conflict, TotalEnergies SE had decided to no longer book proved reserves for the Arctic LNG 2 project.
Since then, on April 8th, new sanctions have effectively been adopted by the European authorities, notably prohibiting export from European Union countries of goods and technology for use in the liquefaction of natural gas benefitting a Russian company. It appears that these new prohibitions constitute additional risks on the execution of the Arctic LNG 2 project.
As a result, TotalEnergies has decided to record in its accounts, as of March 31, 2022, an impairment of 4.1 B$, concerning notably Arctic LNG 2.

Yesterday 07:00 Southern Energy Corp (SOUC)
EXERCISE OF WARRANTS AND CONVERTIBLE DEBENTURE
https://www.investegate.co.uk/southern- ... 00116185J/
the Company has issued 125,000 new common shares in the Company ("Common Shares") to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share. In addition, the Company has issued 1,250 new Common Shares to satisfy the Convertible Debenture conversion rights at a price of CAD0.80 per Common Share.

Yesterday 07:00 Curzon Energy plc (CZN)
Exclusivity Extension
https://www.investegate.co.uk/curzon-en ... 00066036J/
Poseidon Enhanced Technologies ("PET") has informed the Company of a further extension of the existing exclusivity period through 1 June 2022. The parties continue to diligently work towards the execution and delivery of a definitive purchase agreement, contemplating a reverse takeover of Curzon by PET ("RTO"),

Yesterday 07:00 Europa Oil & Gas (EOG)
Appointment of CFO and Executive Director
https://www.investegate.co.uk/europa-oi ... 00126108J/
is pleased to announce the appointment of Will Holland as Chief Financial Officer and Executive Director of the Company effective 1 June 2022. Mr Holland is a proven financier with a career spanning over 25 years in the upstream industry. He started as an engineer focussed on North Sea operations before moving into upstream banking at Macquarie Bank. Since 2013 he has run a successful consulting business which advises energy companies on commercial, financial and M&A matters.

Yesterday 07:00 Vaalco Energy Inc (EGY)
Q1 2022 EARNINGS RELEASE AND CONFERENCE CALL
https://www.investegate.co.uk/vaalco-en ... 00086147J/
The Company will issue its first quarter 2022 earnings release on Tuesday, May 3, 2022 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Wednesday morning, May 4 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.)
That's going to be a happy call after the drilling success in Gabon this week.

Yesterday 07:00 OMV Petrom S.A. (PETB)
Availability of Annual Report for 2021
https://www.investegate.co.uk/omv-petro ... 00056106J/
the 2021 Annual Report of OMV Petrom S.A., prepared in compliance with the requirements of the Regulation no. 5/2018 of the Financial Supervisory Authority, as well as the 2021 Annual Report of OMV Petrom Group, including European Single Electronic Format ("ESEF"), are available on the company's website www.omvpetrom.com

Yesterday 07:00 OMV Petrom S.A. (PETB)
EGMS resolutions and decisions
https://www.investegate.co.uk/omv-petro ... 00056093J/
Significant event to be reported: Resolutions of the Extraordinary General Meeting of Shareholders of OMV Petrom S.A. dated April 27, 2022.

Yesterday 07:00 OMV Petrom S.A. (PETB)
OGMS resolutions and decisions
https://www.investegate.co.uk/omv-petro ... 00056092J/
Significant event to be reported: Resolutions of the Ordinary General Meeting of Shareholders of OMV Petrom S.A. dated April 27, 2022.

Yesterday 07:00 Arrow Exploration (AXL)
Appointment of Nomad and Joint Broker
https://www.investegate.co.uk/arrow-exp ... 00135985J/
Further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has appointed Canaccord Genuity as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the London Stock Exchange has agreed that subject to initial due diligence being undertaken, Canaccord Genuity has until 5pm on 27 July 2022 to complete its full due diligence.
So it's Canaccord who can count shares more carefully than Arden... (see previous post)


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