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Hal's oily roundup

Hallucigenia
Lemon Quarter
Posts: 2685
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#546609

Postby Hallucigenia » November 14th, 2022, 11:28 pm

The big news is we welcome back Ithaca - Delek take advantage of the new rules to float just over 10%, which is ridiculous. But they've had a 5-bagger from taking it private, and it was off over 10% on opening day so a good result all round.
DEC's update seems solid enough, Europa and Union Jack are both very happy about how Wressle is going but less said about Serenity the better, at least it provides tax losses for the windfall tax. No farmout for Europa in Morocco yet.
Talking of which SDX have had some successful wells which might give them an extra...20bcf with some more drilling.
Molecular (née President) bounce on a solid effort from their Argentine accountants, shame they can't take any of the cash out of the country.
Wood finally settle the lawsuit they inherited from when they bought Amec Foster Wheeler 5 years ago for $115m, painful but it's all part of cleaning things up.
The late-Friday news to be buried included Ascent offering options that vest on a mining deal, and some of the Aleph mob upping their personal stakes in Angus.

Brent=$92.52(November)               WTI=$85.21(November,Brent-7.31)        Nymex gas=$6.07(November)
NBP =286.47p(November,Nymex+27.60) TTF=€113.704(December,Nymex+28.35) JKM=$27.230(December,Nymex+21.16)

Today 18:18 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 18343668G/
They bought back 9,447,047 shares at 478.646p = £45,217,899

Today 18:12 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 1208H6819/
They bought back 100,000 shares at £23.483 = £2,348,270 and 1,007,134 shares at €26.763 = £23,691,865 for a total of £26,040,135

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00013581G/
They bought back 296,213 shares at 345.2937p = £1.023m

Today 17:43 DCC PLC (DCC)
Director/PDMR Shareholding
https://www.investegate.co.uk/dcc-plc-- ... 43343641G/
Grant of options under the DCC plc Long Term Incentive Plan 2021

Today 17:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z5635/
€319,996,019.88

Today 17:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00013523G/
On 10-Nov-2022, Bank of America Corporation increased from 11.255% to 12.578%.

Today 16:35 Argos Resources Ltd (ARG)
Price Monitoring Extension
https://www.investegate.co.uk/argos-res ... 35583562G/
https://uk.finance.yahoo.com/quote/ARG.L/chart
On the day it's been in the usual range.

Today 15:00 Argos Resources Ltd (ARG)
Notice of Annual General Meeting
https://www.investegate.co.uk/argos-res ... 00013401G/
its 2022 Annual General Meeting ("AGM") will be held in the Falkland Islands at the Falkland Islands Chamber of Commerce, West Hillside Estate, Stanley, FIQQ 1ZZ on Thursday 15 December 2022, commencing at 5.00 pm (local time).

Today 12:39 Petroneft Resources (PTR)
Holdings in Company
https://www.investegate.co.uk/petroneft ... 39043305G/
notification from Mr. Alastair McBain of the disposal by him, and companies controlled by him, of his entire shareholding in the Company. In addition, the Company has received notification from Mr. Lloyd Wiggins that he now holds 154,974,339 ordinary shares of €0.01 each in the Company which represents approximately 14.46% of the Company

Today 12:30 Zenith Energy Ltd (ZEN)
Opening of Representative Office in Yemen
https://www.investegate.co.uk/zenith-en ... 30013288G/
We are very pleased to have opened a representative office in Yemen. The team and I have had the opportunity to visit Aden and to have fruitful interactions with the country's local authorities.

Today 11:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00243126G/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's down -12% having touched -22%. Over the last 2 weeks it's been in the usual range.

Today 08:05 Ithaca Energy PLC (ITH)
Admission to Trading on the London Stock Exchange
https://www.investegate.co.uk/ithaca-en ... 05532247G/
Ithaca Energy announces that its entire issued ordinary share capital, consisting of 1,005,162,217 ordinary shares, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of London Stock Exchange plc under the ticker ITH.
[IPO at 250p for a market cap of £2.5 billion, with Delek selling just 10.4% of the company. Ends the day at 208p]

Today 07:01 Diversified Energy (DEC)
Third Quarter 2022 Trading Statement
https://www.investegate.co.uk/diversifi ... 01032228G/
trading in line with expectations and provided the following operations and trading update for the quarter ended 30 September 2022....
• Declared 3Q22 dividend of 4.375¢ per share, an annualised increase of ~3%
• Announced share repurchase program for up to 10% of outstanding shares
• Average production rate of 135 Mboepd (808 MMcfepd)
◦ Pro Forma exit rate of 144 Mboepd (862 MMcfepd) including ConocoPhillips assets
• Realised 50% Cash Margin(a) (76% Unhedged Cash Margin); >20% free cash flow yield
• Substantially all borrowings are fully amortising in fixed-rate notes with a weighted average coupon of 5.7%
• 2.2x Net Debt / Adjusted EBITDA leverage ratio...
we have nearly $400 million of liquidity available for accretive acquisitions as we remain nimble in dynamic market conditions.

Today 07:01 Europa Oil & Gas (EOG)
Notice of AGM and Posting of Annual Report
https://www.investegate.co.uk/europa-oi ... 01032229G/
the AGM will be held at The Hellenic Centre, 16-18 Paddington Street, London W1U 5AS at 11.00 a.m. (UK time) on Wednesday , 7 December 2022.

Today 07:00 Europa Oil & Gas (EOG)
Final Results
https://www.investegate.co.uk/europa-oi ... 00052091G/
· Revenue more than quadrupled to £6.6 million (2021: £1.4 million)
· Pre-tax profit of £1.4 million (2021: pre-tax loss £0.85 million)
· Net cash generated in operating activities £2.5 million (2021: used in operations £0.5 million)
· Cash balance (including restricted cash) : £8.3 million (2021: £0.9 million)
Onshore UK - net production increases 163% to 245 bopd following excellent Wressle performance (2021: 93 bopd)...· Total net production of 245 boepd was produced from Europa's UK onshore fields during the year with Wressle contributing roughly three quarters of this and the remainder coming from the three older fields
[Morocco] Recent evaluation identified a significant volume of unrisked recoverable resources, in excess of 1 billion barrels (oil equivalent), in the top five ranked prospects alone....Farm-out exercise has continued throughout the year
· Farm-out initiative is continuing on 100%-owned Licence FEL 4/19 which holds the flagship 1.5 tcf Inishkea prospect adjacent to existing infrastructure at the producing Corrib gas field...
£249k cash at year end.
The net cost to Europa of the Serenity well is forecast to be £4.8 million (£2 million below budget net to Europa), which is expected to provide tax relief against the Energy Profits Levy (Windfall Tax

Today 07:00 Union Jack Oil PLC (UJO)
US$11m Net Revenues Landmark Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00042094G/
net revenues of US$11,000,000 have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182, in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% economic interest in this development.
· At 11 November 2022, cash balances, short- term receivables and liquid investments stood at over £10,800,000
· Unaudited Q3 2022 accounts show a further profitable period for the Company
· Unaudited revenues from 1 January 2022 to date are in-excess of £7,900,000 (Audited 2021: £1,894,875)
· Debt free

Today 07:00 Molecular Energies (MEN)
Q3 Argentina Financial Results
https://www.investegate.co.uk/molecular ... 00062211G/
the first nine months of the year to 30 September 2022 ("Q3) in Argentina in accordance with Argentine reporting rules and an update on its Louisiana assets....The Q3 2022 Argentina Financial Report, converted from Argentine Pesos into United States Dollars combined with the results from H1 2022 show for the first nine months of 2022 inter alia:
· Turnover in excess of US$26 million
· Profit before tax* for the first nine months of 2022 of US$16.9 million...
Louisiana wells are now fully back on line and producing with the new gas lift system which is being tuned to define optimum stabilized production capability.

Today 07:00 SDX Energy PLC (SDX)
Results of SAK-1 and KSR-20 wells in Morocco
https://www.investegate.co.uk/sdx-energ ... 00062258G/
In Morocco, the Company announces two discoveries from the recently completed SAK-1 and KSR-20 wells. The SAK-1 well has already been connected to the Company's infrastructure and testing results indicate that in place volumes will be on the higher side of the pre-drill P50 estimate of 0.44 bcf. Crucially, the well opens a new production area to the north-west of the Company's historical producing area, with several other follow-on prospects identified within the SAK cluster. The KSR-20 well has also discovered gas in this well-known area and is currently undergoing a pressure build up test. The well will be put on production as soon as permitting and tie in are completed...the Company plans to expand its drilling operations in 2023. To date, over 70 prospects have been identified on the portion of Moroccan acreage that is covered by high-quality 3D seismic, of which 25 have been high-graded and total around 20 bcf P50 EUR unrisked.

Today 07:00 Hydrogen Utopia Intl (HUI)
MelloLondon Investor Conference
https://www.investegate.co.uk/hydrogen- ... 00072222G/
the Company will be presenting atthe MelloLondon investor conference on Thursday 17th November 2022 at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY.
There will be two presentations during the course of the day, each one followed by a Q&A session for attendees. HUI will also be hosting a stand to meet investors throughout the day.

Today 07:00 Wood Group (John)PLC (WG.)
Settlement of Enterprise litigation case
https://www.investegate.co.uk/wood-grou ... 00032170G/
the trial for the legacy lawsuit with Enterprise Products Operating LLC ("Enterprise") had concluded, with a decision expected by the year end. Wood today announces that it has reached a settlement agreement with Enterprise....The parties have agreed to settle the case for an amount of $115 million. This will be paid in one instalment within the next 7 days...We expect to be around the middle of our target range of 0.5x to 1.5x net debt (excluding leases) to EBITDA at 31 December 2022. This includes the payment of this settlement and the planned decision to use part of the proceeds of the Built Environment sale to normalise our working capital....
In 2016, Enterprise filed a lawsuit against Amec Foster Wheeler plc, a company Wood acquired in 2017, and one of its subsidiaries. It related to alleged cost increases and delays on a cost reimbursable plus fixed fee contract secured in 2013 to engineer, procure and construct a propane dehydrogenation unit in Mont Belvieu, Texas.

Today 07:00 Diversified Energy (DEC)
Third Quarter Dividend Announcement
https://www.investegate.co.uk/diversifi ... 00072230G/
declared an interim dividend of 4.375 cents per share in respect of 3Q22 for the three month period ended 30 September 2022, an increase of 3% over the 2Q22 and and 3Q21 dividends of 4.250 cents per share, respectively.

Today 07:00 Arrow Exploration (AXL)
Holding(s) in Company
https://www.investegate.co.uk/arrow-exp ... 00072214G/
On 08-Nov-2022, Tim Leslie reduced from 11.6% to 8.21%.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00052152G/
They bought back 201,350 shares at 27.9628p = £56,303

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00052182G/
They bought back 10,000 shares at 80p = £8,000

Friday 18:00 Kosmos Energy Ltd (KOS)
Director/PDMR Shareholding
https://www.investegate.co.uk/kosmos-en ... 00012060G/
Sir Richard Dearlove (ex-head of MI6) sells £875k.

Friday 18:00 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0005H6432/
They bought back 1,999,099 shares at £23.522 = £47,022,956 and 2,499,553 shares at €26.844 = £58,978,264 for a total of £106,001,220

Friday 17:22 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 22002102G/
They bought back 10,488,196 shares at 479.769p = £50,319,148

Friday 16:48 Ascent Resources PLC (AST)
Option Awards
https://www.investegate.co.uk/ascent-re ... 48032065G/
The Company announces the grant of an aggregate of 4,600,000 options over Ordinary shares of the Company to certain employees...The five year options were granted on 11 November 2022 and have a three year vesting period and entitle each holder to exercise at a price of 5p. The performance vesting criteria for the options is the execution of a cash generating ESG Metals transaction consistent with the Company's strategy.

Friday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35592046G/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Friday 16:32 ADM Energy PLC (ADME)
TR-1: Notification of major holdings
https://www.investegate.co.uk/adm-energ ... 32372034G/
On : 9 November 2022, ALIGN RESEARCH INVESTMENTS LIMITED & RELATED PARTIES - R S & C A JENNINGS (York, UK) increased from 3.83% to 4.84%.

Friday 15:59 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 59592018G/
Jason Joannou Atanas Djumaliev and Alexander Craig Yaw Keteku holding via Aleph Fin C Ltd (Knightsbridge) increased their holding from N/A to 5.54% to 6.16% to 7.71% [both Aleph]

Friday 15:21 Shell plc (SHEL)
Publication of Prospectus Supplement
https://www.investegate.co.uk/shell-plc ... 2156H6404/
Shell plc's unaudited consolidated interim financial report as at and for the nine month period ended 30 September 2022
https://www.shell.com/investors/results ... cument.pdf
Prospectus Supplement dated 11 November 2022
MULTI-CURRENCY DEBT SECURITIES PROGRAMME

Friday 14:30 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 30011947G/
Shares acquired through participation in the BP ShareMatch UK Plan

Friday 14:00 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 00451880G/
https://uk.finance.yahoo.com/quote/TLOU.L/chart
On the day it's soared +25% with a spike to +29%. Over the last 2 weeks it's soared +57.4% with a spike to +63%.

Hallucigenia
Lemon Quarter
Posts: 2685
Joined: November 5th, 2016, 3:03 am
Has thanked: 170 times
Been thanked: 1777 times

Re: Hal's oily roundup

#546875

Postby Hallucigenia » November 15th, 2022, 10:47 pm

Both Baron and PressureTech announce placings with a side issue via REX. PressureTech got most of what they wanted at a small discount, Baron have yet to report but were offering a 25% discount despite hyping up the farmout prospects of Dunrobin and Chuditch.
Same old story from Romgaz - production down a bit but a lot more electricity.
Zephyr were so excited about their Q3 numbers that they released them twice - a joint broker thing? Continue to make good progress - and as they say, investing $20m of equity to make $30m of operating profit in 18 months is good business, even if they do have Putin to thank for it, and more to come from Paradox.
COPL making OK progress, got lucky with some butane hedges for their miscible flood, debt restructuring underway.
ASH-4 produces 1685boepd gross for UOG, which they seem very happy about, ASW-1X is next.
We say goodbye to Rosneft, whilst Total and ENI get to explore on either side of the newly-settled Israel-Lebanon maritime border. Quadrise renew a supply agreement for emulsifiers. Orcadian get another year on the Pilot licence. GMS announce yet another contract, for offshore windfarm maintenance.
Europa and DEC do video interviews with Proactive. Tlou continue to tear ahead.

Brent=$93.59(November)               WTI=$86.66(November,Brent-6.93)        Nymex gas=$6.11(November)
NBP =292p(November,Nymex+28.56) TTF=€124.104(December,Nymex+31.60) JKM=$27.397(December,Nymex+21.29)

Today 18:26 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 26255233G/
They bought back 10,503,843 shares at 476.220p = £50,021,356

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015181G/
500k @ 345.2377p

Today 17:46 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4644H7052/
They bought back 200,000 shares at £23.584 = £4,716,780 and 1,478,931 shares at €26.912 = £34,747,855 for a total of £39,464,635

Today 16:36 Kosmos Energy Ltd (KOS)
Price Monitoring Extension
https://www.investegate.co.uk/kosmos-en ... 36115090G/
https://uk.finance.yahoo.com/quote/KOS.L/chart
On the day it's been in the usual range.

Today 15:18 PressureTechnologies (PRES)
RESULT OF PLACING AND RETAIL OFFER
https://www.investegate.co.uk/pressuret ... 18285009G/
The Fundraising has conditionally raised aggregate gross proceeds of £2.28 million pursuant to the placing of 7,097,708 Placing Shares and subscription for 502,292 Retail Shares. Following completion of the Placing and the Retail Offer, the Company's issued share capital will comprise 38,667,163 Ordinary Shares, and the Placing Shares and Retail Shares will represent approximately 19.65 per cent. of the Enlarged Share Capital.

Today 14:24 ThomasLloyd Energy ()
Sterling Equivalent Subsequent Placing Price
https://www.investegate.co.uk/thomasllo ... 24344970G/
The sterling equivalent Placing Price for the purposes of the Subsequent Placing announced on 8 November 2022, is £0.865 (being the Placing Price of $1.030 converted at the rate of $1.191/£1.00).

Today 14:00 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 00254952G/
https://uk.finance.yahoo.com/quote/TLOU.L/chart
On the day it's jumped +18.6% with a spike to +25%. Over the last 2 weeks it's soared +88.9% with a spike to +99%.

Today 13:22 TotalEnergies SE (TTE)
Libya: TotalEnergies Increases its Interest in the Waha Concessions
https://www.investegate.co.uk/totalener ... 2200Z6201/
has completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions is increased from 16.33% to 20.41%.

Today 13:19 Diversified Energy Company PLC (DEC)
Diversified Energy Company's 'pretty simple model' pays off for shareholders
https://www.investegate.co.uk/diversifi ... 1938EOTSU/
Proactive interview with CEO :
https://www.youtube.com/watch?v=ADFx2PpM3k4

Today 12:57 Europa Oil & Gas (Holdings (EOG)
Europa Oil & Gas quadruples its revenue during 'a significant year of change'
https://www.investegate.co.uk/europa-oi ... 5737EXJTW/
Proactive interview with CEO :
https://www.youtube.com/watch?v=g2OBIbw5Sdk

Today 12:12 Serica Energy PLC (SQZ)
Holding(s) in Company
https://www.investegate.co.uk/serica-en ... 12454792G/
On 14/11/202 2, BlackRock, Inc. increased from 5.02% to 5.44%.

Today 11:31 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 31244705G/
· S.N.G.N. ROMGAZ S.A. concluded five new transactions with the affiliated party S.C. OMV PETROM S.A.

Today 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00404659G/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's dropped -17.5% having touched -25%. Over the last 2 weeks it's down -31.4%.

Today 10:45 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 45403734G/
They bought back 2,049,574 shares at C$1.73 = C$355k

Today 10:00 Kibo Energy PLC (KIBO)
Retirement of Director
https://www.investegate.co.uk/kibo-ener ... 00024519G/
Andreas Lianos has informed the Company that he will be retiring as a Director of the Company with immediate effect, due to personal circumstances.

Today 09:05 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 05494406G/
On 11/11/2022, Pendal Group Limited (Sydney , Australia) reduced from 5.006945% to less than 5%.

Today 09:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00334402G/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's dropped -17.5% having touched -25%. Over the last 2 weeks it's down -31.4%.

Today 08:00 Stock Exch Notice ()
Cancellation - Rosneft Oil Company
https://www.investegate.co.uk/stock-exc ... 00013252G/
At the request of the company the following securities have been cancelled from admission to trading on London Stock Exchange with effect from the time and date of this notice.

Today 07:33 TotalEnergies SE (TTE)
Agreement on Maritime Border Line between Israel and Lebanon: TotalEnergies Will Launch Exploration Activities on Block 9
https://www.investegate.co.uk/totalener ... 3300Z5909/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner ENI have signed, with the State of Israel, a Framework Agreement to implement the agreement on maritime boundary which has been reached between Israel and Lebanon on October 27, 2022.
In Lebanon, TotalEnergies is the operator of the exploration Block 9, and holds a 60% interest, alongside its partner ENI (40%).
Following the signature of this Framework Agreement, the Block 9 partners will initiate the exploration of an already identified prospect which might extend both in Block 9 and into Israel waters South of the recently established Maritime Border Line.

Today 07:00 PressureTechnologies (PRES)
PROPOSED PLACING AND RETAIL OFFER
https://www.investegate.co.uk/pressuret ... 00043719G/
The Placing will be conducted at a price of 30 pence per share in order to raise up to £2.0 million (before expenses). The Placing will comprise up to 6,666,666 new Ordinary Shares, representing approximately 21.46 per cent of the existing issued share capital of the Company.
In addition to the Placing, there will be an offer made by the Company of new Ordinary Shares on the Peel Hunt Retail Capital Markets REX portal at the Issue Price to raise up to £0.5 million (before expenses) to provide existing retail shareholders in the United Kingdom with an opportunity to participate in the Company's fundraising plans. A separate announcement will be made shortly regarding the Retail Offer and its terms. For the avoidance of doubt, the Retail Offer is not part of the Placing .
[big crash a few weeks ago saw them go from 67p to 25p, had recovered to 32p]

Today 07:01 PressureTechnologies (PRES)
REX Retail Offer
https://www.investegate.co.uk/pressuret ... 01003721G/
is pleased to announce a retail offer via REX (the "REX Retail Offer") of ordinary shares ("Ordinary Shares") of 5 pence each in the capital of the Company (the "REX Retail Offer Shares") up to the value of £500,000 at an issue price of 30 pence per REX Retail Offer Share (the "Issue Price"). The Issue Price represents a discount of approximately 6.25 per cent. to the closing mid-price of the Ordinary Shares on 14 November 2022.

Today 07:00 Baron Oil PLC (BOIL)
Placing and Subscription and other matters
https://www.investegate.co.uk/baron-oil ... 00053767G/
it has conditionally raised £ 5 million (before expenses) by way of a placing and subscription ( the "Placing and Subscription") of a total of 4,166,666,667 new ordinary shares of 0.025p each in the Company ("Ordinary Shares") at a price of 0.12 pence...there will be a separate conditional retail offer to existing shareholders via REX to raise up to approximately £1 million (before expenses) at the Issue Price...
The Company is pleased to announce the appointment of Keith Bush, the former Chief Executive Officer of Cabot Energy Plc (previously known as Northern Petroleum Plc), as an independent non-executive director..
2023 will be an important year for Baron. We have two significant sized assets available for farmout - Chuditch (Mean gross Prospective Resources in excess of 500 MMboe*) and Dunrobin (of the order of 100 MMbbl oil Mean gross Prospective Resources
[was 16p so 25% discount]

Today 07:01 Baron Oil PLC (BOIL)
REX Retail Offer
https://www.investegate.co.uk/baron-oil ... 01003769G/
announces a retail offer via REX (the "REX Retail Offer") of up to 833,333,333 new ordinary shares ("Ordinary Shares") of 0.025 pence each in the capital of the Company (the "REX Retail Offer Shares").

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Q3 2022 Report
https://www.investegate.co.uk/s.n.g.n.- ... 00024257G/
In the first nine months of 2022, Romgaz Group recorded a revenue of RON10,812.55 million, an increase by 209.24%, namely RON 7,316.02 million, as compared with the revenue achieved in the first 9 months of 2021.
Net profit of RON2,237.81 million was higher by 93.52%, namely RON 1,081.43 million, as compared with the similar period of the previous year.
Consolidated net profit per share (EPS) was RON 5.81, by 93.5% higher than the one recorded in the first nine months of 2021.
For the reporting period, Romania's estimated natural gas consumption[2] was 78.34 TWh, approximately 14% lower than the consumption recorded in the similar period of 2021.
Thus, Romgaz market share estimated for the first 9 months of 2022, is 50.6%, by 5% higher than the market share recorded in the same period of the previous year.
Natural gas production for the first 9 months of 2022 was 3,687.4 million m3, by 0.5% lower than production recorded in the similar period of last year, namely 19 million m3.
Electricity produced in the reporting period was 839.465 GWh, 97.02% higher (+413.365 GWh) than in the same period of the previous year.

Today 07:00 Canadian O'Seas Petr (COPL)
Third Quarter 2022 Financial Results & Update
https://www.investegate.co.uk/canadian- ... 00054254G/
· Net average crude oil sales before royalties averaged 1,107 bbls/d as compared to 961 bbls/d in the second quarter of 2022. The increase in oil production in the third quarter is due closing the acquisition of assets from Cuda Energy partially offset by operational interruptions at certain high impact wells. The interruptions were as a consequence of the miscible flood program...
· Petroleum sales, net of royalties were $7.1 million as compared to $7.1 million in the second quarter of 2022. Petroleum sales remained consistent as a decrease in commodity prices offset the increase in oil production.
· In aggregate the Company incurred a net realized hedging loss of $2.3 million as compared to loss of $2.6 million in the second quarter of 2022. Specifically, it realized a loss of $3.4 million on crude oil hedge contracts as compared to a loss of $4.7 million in the second quarter of 2022, which was offset by a realized a gain of $1.1 million on butane hedge contracts as compared to a gain of $2.1 million in the second quarter of 2022. The butane hedges were put in place to protect the liquid purchases required for the miscible flood injection program....
The operating netback was $38.26/bbl, before the net realized gain on crude oil and butane commodities contracts as compared to $55.72/bbl, in the second quarter of 2022. The decrease is due mainly to the reduction in WTI from $108.41/bbl in the second quarter of 2022 as compared to $91.56/bbl in the third quarter of 2022.
· A cash position of $5.7 million as at September 30, 2022 as compared to $7.8 million as at December 31, 2021....
The Company is pleased to be evaluating debt facilities with multiple US and International Banks to secure a term sheet to refinance COPL America's US$42 million Senior Credit Facility and close the outstanding hedges, which run to February 2024, currently estimated to cost US$11 million.

Today 07:00 Zephyr Energy PLC (ZPHR)
Q3 2022 Williston Basin & Revenue Forecast Update
https://www.investegate.co.uk/zephyr-en ... 00053755G/
· Q3 revenues totalled US$9.6 million net to Zephyr, giving Zephyr total revenues for the nine-months to 30 September 2022 of US$35.5 million.
o Q3 sales volumes averaged circa 1,313 barrels of oil equivalent per day ("boepd").
o Q3 wellhead production averaged circa 1,208 boepd net to Zephyr, in line with management expectations and marginally impacted by temporary shut-ins due to planned "frac-protect" procedures on existing wells while new nearby wells were completed.
· Q3 operating income was US$7.9 million (after taxes, lease operating expenses, realised hedging impacts, and gathering and marketing fees), giving Zephyr US$29.8 million operating income for the nine-months to 30 September 2022 .
· Based on the strong cash flows from the Williston Basin portfolio to date, Zephyr has upgraded its full-year 2022 revenue forecast for the Company to a range of US$40-45 million (up from a previously announced range of US$35-40 million) and the Company reaffirms its 2022 full-year production forecast of 500,000 - 550,000 barrels of oil equivalent ("boe").
· CWC Ironhand Drilling Rig 118 is in the process of mobilising to the State 36-2 LNW-CC well site, and the Company continues to expect to spud the well in the second half of November 2022.
· Preparations to commence production testing of the previously drilled State 16-2LN-CC are also largely complete...Work to connect the surface facilities is underway, and production testing is scheduled to commence in the second half of November 2022....
Over the last 18 months, Zephyr raised and deployed US$19.6 million of equity into the Williston portfolio - and in the first three quarters of 2022 alone, that portfolio generated over US$35 million in revenue and US$29.8 million of operating income...
during 2022 we've been able to reduce the Company's borrowings from an already conservative US$29.9 million to US$24.8 million (representing a 18.6% reduction in total borrowing), expand our Paradox acreage position from 36,000 to 45,000 acres, and acquire the pipeline and processing infrastructure across our White Sands Unit in the Paradox Basin. In addition, our assets have generated more than enough excess liquidity (US$18.5 million in cash and available borrowing base) to fund the next phase of our ambitious Paradox drilling programme.

Today 07:00 Zephyr Energy PLC (ZPHR)
Q3 2022 Williston Basin & Revenue Forecast Update
https://www.investegate.co.uk/zephyr-en ... 00053816G/
[seems to be the same as the other one with no errata message - a problem with having joint brokers?]

Today 07:00 United Oil & Gas PLC (UOG)
ASH-4 Test results and Egypt operations update
https://www.investegate.co.uk/united-oi ... 00043715G/
United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt....
- Preliminary test results from the ASH-4 well-test indicate a flow-rate of 2,101 bopd and 3 mmscf/d (c. 2,700 boepd gross; 594 boepd net) from the Alam El Bueib ("AEB") reservoir on a maximum 40/64" choke
- On a reduced, 32/64" choke, which is expected to be more representative of the producing flow rates, the well flowed at 1,325 bopd and 1.8 mmscf/d (c. 1,685 boepd gross; 371 boepd net)
- ASH-4 is expected to be tied into the existing facilities and brought on stream in the coming days
- The ST-1 rig will now move to the ASW-1X exploration well location to commence drilling the fifth well in the 2022 programme
- Stimulation programme expected to be completed on the AJ-14 well over the coming weeks

Today 07:00 Gulf Marine Services (GMS)
Contract
https://www.investegate.co.uk/gulf-mari ... 00033636G/
t has received notification of the award of a new 6-year contract for one of its large class vessels in Europe. Signing of the definitive contract remains subject to no complaints being raised during the applicable standstill period. The contract is with one of the world's leading offshore windfarm developers. Under the terms of the agreement, GMS will provide support for the maintenance of offshore wind farms over the 6-year duration.

Today 07:00 Orcadian Energy PLC (ORCA)
Pilot Licence Extension
https://www.investegate.co.uk/orcadian- ... 00043736G/
the North Sea Transition Authority (NSTA) has granted Orcadian a one-year extension to licence P2244, which contains the Pilot field.
The Second Term of licence P2244 was due to expire at the end of November this year but will now expire at the end of November 2023. During 2023 Orcadian will be working towards a potential development decision on the Pilot field, which has audited proven and probable reserves of 79 million barrels

Today 07:00 Quadrise Fuels Intnl (QFI)
Extension of Exclusive Agreement with Nouryon
https://www.investegate.co.uk/quadrise- ... 00033654G/
is pleased to announce the extension of the Exclusive Global Collaboration and Emulsifiers Sales Agreement ("Agreement") with Nouryon , a global specialty chemicals leader, for the exclusive supply of goods, services and IP for future MSAR® and bioMSAR™ p rojects. The Agreement, the terms of which were announced on 8 October 2019, will now run for a further three years to October 2025....QIL purchases, and will continue to purchase, speciality chemicals used as emulsifiers exclusively from NSC, which NSC supplies exclusively to QIL for oil-in-water emulsion fuel and biofuel applications.

Today 07:00 Vaalco Energy Inc (EGY)
Appointment of Chief Operating Officer
https://www.investegate.co.uk/vaalco-en ... 00053753G/
today announced the promotion of Thor Pruckl to Chief Operating Officer. (ex VP West Africa)

Today 07:00 Scirocco Energy PLC (SCIR)
NOTICE OF INVESTOR EVENT
https://www.investegate.co.uk/scirocco- ... 00063627G/
The agenda includes a presentation by Tom Reynolds, CEO of Scirocco and Chris Kerr, MD of EAG. The event will be followed by an informal drinks reception hosted by Scirocco's Board of Directors.
The event will be hosted at Buchanan's offices at 107 Cheapside, London, EC2V 6DN on 7 December from 3pm until 5pm.

Today 07:00 Predator O&G Hldgs (PRD)
Further Issue of 10,000,000 new Ordinary Shares
https://www.investegate.co.uk/predator- ... 00033656G/
Further to the Company's announcement of 10 November 2022, the Issue Shares , being 10,000,000 Ordinary Shares of no par value, were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") effective at 8.00 am today.

Today 07:00 Predator O&G Hldgs (PRD)
Notification of Major Holdings
https://www.investegate.co.uk/predator- ... 00053648G/
On 14 November 2022, Paul Stanard Griffiths increased from 8.508% to 10.964%.

Today 07:00 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 00063650G/
Acquisition to settle an issue of shares

Today 07:00 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 00063653G/
Grant of the conditional award of share options under Predator Oil & Gas Holdings Plc Share Option Scheme

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00053740G/
They bought back 200,000 shares at 79.1p = £158,200

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00043747G/
They bought back 269,012 shares at 27.9257p = £75,123

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#547023

Postby Hallucigenia » November 16th, 2022, 12:15 pm

Enteq do a great job of hiding their light under a bushel, I wish I could be their RNS writer. OK, they're only in the black on a fudged-EBITDA basis, but it's a start - revenues were up 112%, they're spending 22% of revenues on R&D, they feel like one of those companies that's if the new technology is any good, they will be bought out before they get the benefit of it.
Tullow's trading statement was OK, no real surprises other than postponing their Capital Markets Day into 2023 so presumably they've got an alternative to the Capricorn deal in the works.
Baron diluted existing shareholders by 31%, ThomasLloyd by 24% in their placings.
Parkmead mobilise for a 2-well campaign, first result due by the end of the year.
Ithaca continue to dribble down, now 20% off the IPO price.

Brent=$94.01(November)               WTI=$86.76(November,Brent-7.25)        Nymex gas=$5.97(November)
NBP =292p(November,Nymex+28.77) TTF=€120.000(December,Nymex+30.69) JKM=$27.785(January,Nymex+21.82)

Today 09:45 Savannah Energy Plc (SAVE)
Holding(s) in Company
https://www.investegate.co.uk/savannah- ... 45026260G/
On 04-Nov-2022, Standard Life Assurance Limited (Edinburgh, UK) increased from 0% to 4.2%.

Today 07:24 PJSC Tatneft (ATAD)
Board Recommends Dividends for 9m2022
https://www.investegate.co.uk/pjsc-tatn ... 24515947G/
at its meeting held by absentee voting resolved to convene the extraordinary general shareholders meeting to be held by absentee voting (the "EGM") on 22 December 2022 with the agenda to approve the payment of dividends for the 9 months of 2022.

Today 07:00 Enteq Technologies (NTQ)
Interim Results
https://www.investegate.co.uk/enteq-tec ... 00035220G/
· Measurement While Drilling revenues in H1 were significantly up on this time last year due to North American activity, albeit at lower margins due to share of third-party equipment sales.
· International sales were limited due to lagging international market recovery and ongoing China shut-downs.
· The SABER engineering project has progressed with the initial fleet of the latest design of SABER tools being built. The complementary MegaHop technology development has been launched.
· All initial testing of SABER has achieved the objectives with encouraging results. Active drilling in hard-rock environment has been scheduled at an independent test-site in Norway and customer trials arranged.
· Investment in SABER has continued using existing balance sheet resources to progress into the final engineering phase and SABER tool-build, resulting in a cash position of US$1.8m at the end of the period rising to US$2.5m as at the date o f this announcement.
Andrew Law and David Steel, Chief Financial Officer, will be providing a live presentation relating to these results via the Investor Meet Company platform on 22 November 2022 at 10:30am GMT.
The proportion of international revenue, at 3% in this reporting period, continues the recent trend with the international revenue of the second half of the previous financial year at 9%, down from the 28% seen in the first half year.
The reported gross margin of 28% in the first half of this year compares to 35% in the six months to 31 March 2022 and 37% in the equivalent period to 30 September 2021. This reduction is due to a lower proportion of sales coming from the high margin rental revenue stream (down from 23% in the first half year to 30 September 2021 to only 7% in this reporting period) combined with a higher proportion coming from the electronic component product line (up from 46% to 53% in same periods) within which an increasing number of third party, lower margin, items were sold.
The adjusted EBITDA profit in the period was US$0.1m, a pleasing improvement over the US$0.6m loss in the equivalent period last year.
[Sales up 112%, R&D running at 22% of sales]

Today 07:00 Baron Oil PLC (BOIL)
Results of REX Retail Offer
https://www.investegate.co.uk/baron-oil ... 00055294G/
Baron Oil (AIM: BOIL), the AIM-quoted oil and gas exploration and appraisal company, is pleased to confirm, further to the announcements made on 15 November 2022, the completion of its Fundraise at the Issue Price of 0.12 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £0.36 million pursuant to the REX Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 302,856,299 new Ordinary Shares at the Issue Price pursuant to the REX Retail Offer.
In total, the Placing and Subscription and the REX Retail Offer have raised gross proceeds of approximately £5.36 million for the Company, via the Placing and Subscription of 4,166,666,667 Placing and Subscription Shares and the 302,856,299 REX Retail Shares to be issued pursuant to the REX Retail Offer..... the Company's issued ordinary share capital will consist of 18,920,260,428 Ordinary Shares [so new shares are 30.9% of the pre-placing company, 23.6% post-placing]

Today 07:00 ThomasLloyd Energy ()
Results of Subsequent Placing
https://www.investegate.co.uk/thomasllo ... 00055295G/
has raised gross proceeds of $35.3 million by way of the Subsequent Placing announced on 8 November 2022. The Subsequent Placing will result in the issue of 34,277,228 New Ordinary Shares at the Placing Price of $1.030 (£0.865 being the announced sterling equivalent Placing Price) per Ordinary Share....the Company's issued share capital will comprise 175,684,705 Ordinary Share [24.2% of the pre-placing company]

Today 07:00 Tullow Oil PLC (TLW)
November Trading Statement & Operational Update
https://www.investegate.co.uk/tullow-oi ... 00025156G/
In the first 10 months of the year, Tullow has delivered on its operating and financial targets as we successfully deliver our business plan despite the disappointment of the two strategic Ntomme wells. Our producing assets continue to perform well, in line with expectations, and as a result we have narrowed our full year production guidance to 61-62 kboepd.[was 60-64] We continue to strengthen our balance sheet, with free cash flow guidance for 2022 increased to $250 million and gearing on track to be less than 1.5 times by the end of the year.
· The process to secure a strategic partner for the development project in Kenya continues to make progress.
· Tullow and its JV partners are seeking an extension of the Field Development Plan (FDP) review period, while constructive discussions with the Energy and Petroleum Regulatory Authority of Kenya and the Ministry of Energy and Petroleum are ongoing.
· In Côte d'Ivoire Block CI-524, Tullow, together with JV partner PetroCi, continues preparations for an exploration well. CI-524 presents a unique opportunity to realise operational synergies due to its proximity to Tullow's producing fields and to leverage Tullow's experience of the Tano Basin.
· In Gabon, Tullow, together with JV partner Perenco, have focused on maturing the prospective resource base within the Simba licence, where several low-risk and compelling investment options adjacent to infrastructure have been high-graded for near term drilling programmes.
A number of the Group's strategic and operational initiatives remain ongoing and are expected to evolve throughout the coming months. As a result, Tullow has decided to defer its previously announced Capital Markets Update until 2023, with a revised date to be confirmed, where it will be able to provide an update on the company's strategy and outlook to investors.

Today 07:00 Parkmead Group (The) (PMG)
Two-well Drilling Campaign in the Netherlands
https://www.investegate.co.uk/parkmead- ... 00025172G/
the Drilltec Synergy 2 Rig has now commenced its mobilisation, ahead of our upcoming two-well 'LDS' drilling campaign in the Netherlands. The LDS wells will target multiple Rotliegendes gas reservoir prospects from the existing Diever well site, which is already in production. Construction work to facilitate the potential tie-in of the new wells is largely complete. A successful drilling outcome will result in new fast-track production that adds significant additional revenue and cash flow for Parkmead. It is anticipated that the results of the first LDS well will be known around the end of the calendar year 2022, with the second being known in Q1 2023. Our Company maintains a 100% unhedged strategy therefore benefitting, to the maximum, from the sustained buoyant gas prices."

Today 07:00 Goldman Sachs Intl ()
Stabilisation Notice
https://www.investegate.co.uk/goldman-s ... 00055298G/
stabilisation was undertaken in relation to the offer of Ithaca Energy plc (ISIN: GB00BPJHV584) as set out below. [now nearly 20% off the IPO price]

Today 07:00 Atrato Onsite Energy (ROOF)
Notice of Results
https://www.investegate.co.uk/atrato-on ... 00075092G/
will announce its full year results for the year ended 30 September 2022 on Tuesday 29 November 2022. An in-person presentation for analysts will be held at 8.30 am on the day of the announcement of results at 36 Queen Street, London, EC4R 1BN. The presentation will also be broadcast via a webcast with a Q&A function for those unable to attend.

Today 07:00 Predator O&G Hldgs (PRD)
Exercise of Warrants
https://www.investegate.co.uk/predator- ... 00035162G/
it has received an exercise notice from Novum Securities Limited ("Novum") in respect of 1.8 million warrants issued to it pursuant to warrant agreements with the Company:

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00075926G/
They bought back 150,000 shares at 78.84p = £118,260

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 00025185G/
They bought back 40,000 shares at 115p = £46,000

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00065297G/
They bought back 48,937 shares at 28p = £13,702

Hallucigenia
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Posts: 2685
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Re: Hal's oily roundup

#547209

Postby Hallucigenia » November 17th, 2022, 2:57 am

Rest of Wednesday - Enteq was up 23% after a slow start.

Yesterday 18:08 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0859H7297/
They bought back 1,000,000 shares at £23.867 = £23,866,900 and 1,000,000 shares at €27.219 = £23,764,766 for a total of £47,631,666

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00016786G/
500k @336.7585p

Yesterday 17:44 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 44316834G/
They bought back 10,874,036 shares at 484.372p = £52,670,753

Yesterday 14:25 ADM Energy PLC (ADME)
Further re: Barracuda and Interim Injunction
https://www.investegate.co.uk/adm-energ ... 25066649G/
As previously announced on 13 December 2021, the Company and K.O.N.H. (UK) Ltd ("KONH") obtained an interim injunction at the Federal High Court of Nigeria, Lagos ("Court") restraining Noble Hill-Network Limited ("NHNL"), its officers, agents, privies, or person howsoever connected from selling, disposing, divesting, or tampering with the 70% shareholding interest of KONH in NHNL to third-party investors or in any other manner whatsoever.
Further to the announcement on 1 July 2022, the Company has been advised that the Court has adjourned this matter until 1 February 2023. The interim injunction continues to stand in the meantime and a further update will be made in due course.

Yesterday 14:10 Zenith Energy Ltd (ZEN)
Payment of multi-currency bond coupon
https://www.investegate.co.uk/zenith-en ... 10006633G/
it has made coupon payments, in full and on time, in respect of the following multi-currency Euro Medium Term Notes the Company has listed on the Vienna MTF of the Vienna Stock Exchange: Zenith 10,125% EUR - N.22-26/S5 (ISIN: XS2478298909) · Zenith 10,5% GBP - N.22-26/S6 (ISIN: XS2478299030) · Zenith 10,375% USD - N.22-26/S7 (ISIN: XS2478299113)

Yesterday 13:25 Enteq Technologies (NTQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enteq-tec ... 25246605G/
Andrew Law, CEO, acquired 100,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 10.0p per Ordinary Share on 16 November 2022

Yesterday 13:10 PAO Novatek (NVTK)
Results of Noteholders' Consent Solicitation
https://www.investegate.co.uk/pao-novat ... 10016571G/
announces results of the Consent Solicitation for the outstanding USD 1.0 billion notes (ISIN XS0864383723 - Reg S, ISIN US66989PAC41 - Rule 144A) due December 2022 with annual coupon rate 4.422%...The Issuer notifies Noteholders that appointment of the new Trustee, Share Trustee as well as a number of amendments to the transaction documents under the Notes, including the Trust Deed, the Paying Agency Agreement and the Loan Agreement were passed at the Meeting of Noteholders held on 15 November 2022.

Hallucigenia
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Re: Hal's oily roundup

#547428

Postby Hallucigenia » November 17th, 2022, 3:38 pm

Petrotal continue to bounce along with production up 29% and $56 netbacks.
SDX draw a veil over flat production and revenues down (mostly due to currency effects), and having to use an EBRD loan to pay head office costs as it's been difficult to get cash out of Egypt.
Energean trading update is all feeling very good in the wake of first gas from Karish.
Jadestone have patched up the Montara tanks but don't yet have a date for sorting the paperwork.
Reabold fend off the raiders who still got 25% of the vote - presumably they will have another go somehow?
Synergia halt trading in ASX ahead of removing themselves from trading there. Interesting timing given they're farming out - doing a deal that is simpler if you don't have to deal with dual listing rules?
Minor delay to Cinnabar-1 results for Mosman.
Advance rename to Beacon Energy, Cadogan rename to Cadogan Energy Solutions.

Brent=$91.63(November)               WTI=$83.66(November,Brent-7.97)        Nymex gas=$6.37(November)
NBP =267p(November,Nymex+25.19) TTF=€111.655(December,Nymex+27.50) JKM=$25.885(January,Nymex+19.52)

Today 15:02 BP PLC (BP.)
BP p.l.c. publishes provisional dividend dates
https://www.investegate.co.uk/bp-plc--b ... 02017843G/
it has published its provisional forthcoming dividend dates (including announcement, payment, record and ex-dividend dates) for ordinary and preference shares at www.bp.com/financialcalendar

Today 14:20 Baron Oil PLC (BOIL)
Holding(s) in Company
https://www.investegate.co.uk/baron-oil ... 20018126G/
On 16-Nov-2022, IG Markets Limited increased from 3.784% to 4.751%.

Today 14:20 Baron Oil PLC (BOIL)
Holding(s) in Company
https://www.investegate.co.uk/baron-oil ... 20018125G/
On 15-Nov-2022, IG Markets Limited increased from 0% to 3.784%

Today 14:15 Reabold Resources (RBD)
Result of Requisitioned General Meeting
https://www.investegate.co.uk/reabold-r ... 15018117G/
all the proposed resolutions by the Requisitioning Shareholders, who owned approximately 6.93% of the Company's issued share capital at the time of that announcement, including removing the entire Board of directors and replacing them with four new directors proposed by the Requisitioning Shareholders, were clearly rejected at the requisitioned General Meeting held earlier today. [around 3:1]

Today 14:00 Cadogan Petroleum Plc (CAD)
Result of Meeting and Change of Name
https://www.investegate.co.uk/cadogan-p ... 0000P8017/
all resolutions proposed at the GM were passed. All resolutions were approved on a show of hands at the meeting. One of the resolutions related to the change of name of the Company to Cadogan Energy Solutions plc.

Today 13:33 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on November 17, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 33578092G/
All resolutions approved

Today 12:17 i3 Energy PLC (I3E)
Corporate Presentation
https://www.investegate.co.uk/i3-energy ... 17368038G/
an updated corporate presentation is now available on the Company's website https://i3.energy/

Today 12:16 Tlou Energy Ltd (TLOU)
Holding(s) in Company
https://www.investegate.co.uk/tlou-ener ... 16367656G/
On 14-Nov-2022, IC Australia (No 2) Pty Ltd (Millers Point Australia) increased from 8.69% to 19.22%.

Today 12:16 Tlou Energy Ltd (TLOU)
Holding(s) in Company
https://www.investegate.co.uk/tlou-ener ... 16157652G/
On 09-Nov-2022, IC Australia (No 2) Pty Ltd (Millers Point Australia) increased from 0% to 8.69%.

Today 10:44 Advance Energy PLC (ADV)
Result of AGM and Change of Name
https://www.investegate.co.uk/advance-e ... 44217866G/
all resolutions proposed were duly passed, including approval of the change of company name to Beacon Energy plc. In conjunction with the change of name, the Company's TIDM will also change from TIDM:ADV to TIDM:BCE.

Today 09:20 Synergia Energy Ltd (SYN)
ASX Trading Halt
https://www.investegate.co.uk/synergia- ... 20307665G/
the Company has today requested an immediate voluntary trading halt in its shares on the Australian Securities Exchange (ASX), pending an announcement regarding a proposed application to be removed from the Official List of the ASX.The Company has requested that the trading halt remain in place until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on Monday 21 November 2022.
Trading in the Company's ordinary securities will continue to trade as normal on AIM during this period.

Today 09:00 Blencowe Resources (BRES)
Price Monitoring Extension
https://www.investegate.co.uk/blencowe- ... 00387645G/
https://uk.finance.yahoo.com/quote/BRES.L/chart
On the day it's jumped +17.6% with a spike to +28%. Over the last 2 weeks it's soared +66.9% with a spike to +81%.

Today 07:00 PetroTal Corp. (PTAL)
Q3 2022 Financial and Operating Results
https://www.investegate.co.uk/petrotal- ... 00087460G/
· Production in the quarter averaged 12,229 barrels of oil per day ("bopd") with sales of 12,186 bopd (1.1 million barrels), despite being constrained as low river levels reduced barge capacity;
· Generated net operating income(1) ("NOI") of approximately $62.3 million, EBITDA(1) of $57.6 million, and free cash flow(1) before all debt service of $37.0 million equating to a 44% free cash flow margin...
cash of $93 million at September 30, 2022, a net surplus(2) balance of $75.5 million...
we are on track to deliver average production growth of approximately 40% and almost $200 million in free cash flow in 2022. Although the Company encountered external transportation challenges, we expect to deliver double digit yearly production growth with potentially 40% plus free cash flow yields under current Brent oil forward strip pricing conditions. The high margin nature of our business should be at the forefront of investors' sentiment, alongside our proven ability to execute technically." ...
he Company continues to work with Petroperu's management team to assess and negotiate payment of approximately $90 million of receivable value. On October 10, 2022 the government of Peru agreed to make a capital contribution to Petroperu of $1 billion in order to strengthen its financial capacity for continued operations, and provide $500 million of credit facility support. The priority of allocation is immediate fuel and energy needs in Peru, and the Company expects that the $64 million outstanding amount owed to the Company will be paid on a negotiated payment schedule. ...
Final 2022 guidance is now between 12,000 and 13,000 bopd for Q4 2022 and 2022 full year.
[production up 29%, sales price up 37% so revenues up 88% yoy, netback $55.60]

Today 07:00 SDX Energy PLC (SDX)
RESULTS FOR THE 3 AND 9 MONTHS TO 30 SEPT 2022
https://www.investegate.co.uk/sdx-energ ... 00056831G/
· Production of 512 bbls/d and 19.3mmscf/d (3,729 boe/d), 3% higher than mid-point full year guidance of 3,480 - 3,795 boe/d.
· EBITDAX of US$21.6 million and operating cash flow (before capex) of US$15.0 million.
· Out of the 14 wells completed across SDX's portfolio in the year to date, eight were producing as at 30 September 2022, two were connected to production post period-end and another two will be connected by the end of November 2022.
· Net Cash position of US$9.4 million (unaudited) as at 30 September 2022....cash balances of US$14.9 million offset by US$5.5 million drawn debt from the European Bank of Reconstruction and Development ("EBRD") credit facility. As a result of various geopolitical factors, US dollar transfers by the Central Bank of Egypt have been delayed resulting in the need to draw the EBRD facility to pay head office general and administrative costs and certain US$ denominated operational expenses. It has been possible recently to repatriate funds, albeit this has incurred FX trading costs. Under the existing facility with the EBRD, US$0.2 million of additional undrawn lines remain available to the Company.
[Sales down ~15% on lower Morocco $ prices due to currency effects]

Today 07:00 Energean PLC (ENOG)
Trading Statement & Operational Update
https://www.investegate.co.uk/energean- ... 00086960G/
We delivered first gas, underwriting Israeli energy security and introducing competition into the Israeli gas market. We have delivered 5 successful deepwater wells out of 5 in our growth drilling campaign, demonstrating our deep knowledge of the East Med rocks. Financially, we have commenced our dividend program that we are committed to deliver on our promise of at least $1 billion until 2025.
o [Karish ] Commissioning and ramp-up to initial 6.5 bcm/yr capacity ongoing
o Two wells onstream with the third expected onstream shortly...
o Revenues were $550.2 million, a 57% increase versus 2021 comparable period ($350 million)
o Adjusted EBITDAX was $348.5 million, a 147% increase versus 2021 comparable period ($141 million)
o Group cash as of 30 September 2022 was $608.1 million (including restricted amounts of $74.6 million), and total liquidity was $855.0 million
· Average working interest production for the period was 35.2 kboed (73% gas), in line with full year guidance (excluding Israel)
Signed a three-year $275 million Revolving Credit Facility ("RCF") in September 2022, which, although expected to remain undrawn [1] , provides liquidity for general corporate purposes, if needed.
o Full year production guidance updated to 44 - 47 kboed (including Israel), reflecting the start-up of Karish on 26 October 2022
· Results from the Hercules well before year-end
· First gas from NEA/NI, Egypt is expected in H1 2023
· Independent certification of the total resource volumes within the Olympus area, expected in in early 2023
· Development concept for the Olympus area in H1 2023
· Commitment to a progressive quarterly dividend and to return at least $1 billion by the end of 2025

Today 07:00 Energean PLC (ENOG)
3Q 2022 Dividend Declaration
https://www.investegate.co.uk/energean- ... 00086910G/
has declared its 3Q dividend of 30 US cents per share.

Today 07:00 Jadestone Energy PLC (JSE)
Operational Update
https://www.investegate.co.uk/jadestone ... 00087473G/
a comprehensive programme of hull and tank inspection, repairs and maintenance has been underway on the Montara Venture FPSO....While the Company remains unable to advise on a restart date for Montara, based on the tank inspection activity to date it reaffirms an intent to remain within the lower end of the production guidance range announced on 12 September 2022, which would see Jadestone's 2022 production average at least 11,000 boe/d....The Company currently estimates the cost incurred in 2022 in respect of the additional inspection and repair activities on the FPSO to be US$4 million, consistent with the initial US$2-4 million estimate published on 12 August 2022. A short presentation containing photos of recent tank work on the Montara Venture FPSO is available from the Company's website at https://www.jadestone-energy.com/assets ... o/montara/
At the Stag field, the two infill wells Stag-50H and 51H have been drilled successfully and initial results from well data are in line with pre-drill expectations. The final completions are currently being run on both wells...

Today 07:00 Mosman Oil & Gas (MSMN)
Cinnabar-1 well production update
https://www.investegate.co.uk/mosman-oi ... 00076958G/
The Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production...As a result, the revised schedule for the next phase of site operations in now early in December, with initial production flow rates anticipated to be announce in mid-December [was end November]

Today 07:00 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 00017477G/
.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on November 16, 2022, in the amount of RON 80,000,000.00, due on December 21, 2022.
The interest percentage rate applied to the above mentioned deposit is 7.30% per year.

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00076942G/
They bought back 181,421 shares at 28p = £50,798

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00086961G/
They bought back 6,000 shares at 80.56p = £4,834

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#547704

Postby Hallucigenia » November 18th, 2022, 1:24 pm

Quiet day today, unless you're an Eco shareholder - down more than half as Gazania is a duster. Synergia formally request delisting from ASX, among other things citing the lack of ability to raise funds there. Some comments on the changes to the EPL windfall tax - increases from 25% to 35% (on top of the 40% normal ring-fence+supplementary rate), whilst crucially the investment allowance reduces from 80% to 29% for all but decarbonisation investment (" investment in carbon emissions reducing technology") - can imagine there will be some fun in getting definitions for that, like whether it includes reducing other people's emissions via carbon capture etc. Also " a new and temporary tax of 45% will be introduced on the extraordinary profits of electricity generators".
More here : https://www.gov.uk/government/publicati ... -factsheet

Brent=$88.53(November)               WTI=$80.73(November,Brent-7.80)        Nymex gas=$6.13(November)
NBP =262.04p(November,Nymex+25.09) TTF=€109.585(December,Nymex+27.18) JKM=$26.315(January,Nymex+20.19)

Today 12:53 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 53409493G/
S.N.G.N. ROMGAZ S.A. reports the concluding of a new transaction with the affiliated party S.C. OMV PETROM S.A.

Today 12:30 Ithaca Energy PLC (ITH)
Proposed Revisions to the Energy Profits Levy
https://www.investegate.co.uk/ithaca-en ... 30039440G/
The Energy Profits Levy favours companies that are reinvesting their profits in the UK North Sea, such as Ithaca Energy. The Company has a strong pipeline of development opportunities, which have the ability to increase domestic energy supply in line with the British Energy Security Strategy and allow the Company to benefit from tax relief under the levy's investment allowance. The Company will work with Government and its industry partners to evaluate its development opportunities under the revised Energy Profits Levy.
The Company remains committed to its communicated dividend policy.

Today 11:50 Energean PLC (ENOG)
TR-1: Notification of Major Shareholdings
https://www.investegate.co.uk/energean- ... 50018337G/
On 04-Nov-2022, Standard Life Assurance Limited (Edinburgh, UK) increased from 0% to 3.26%.

Today 09:00 Eco (Atlantic) O&G (ECO)
Price Monitoring Extension
https://www.investegate.co.uk/eco--atla ... 00209016G/
https://uk.finance.yahoo.com/quote/ECO.L/chart
On the day it's collapsed -54.4% having touched -64%. Over the last 2 weeks it's dropped -53.1% having touched -63%.

Today 07:04 Synergia Energy Ltd (SYN)
Formal request for removal from ASX Official List
https://www.investegate.co.uk/synergia- ... 04478898G/
Synergia Energy Ltd (the "Company" or "Synergia") (formerly named Oilex Ltd) has submitted a formal application for its removal from the Official List of the Australian Securities Exchange ("ASX") pursuant to ASX Listing Rule 17.11. This would mean that the Company's shares would no longer be quoted on the ASX and would instead solely be quoted on London's AIM market....
the Company considers its primary listing to have moved from the ASX to AIM resulting from the fact that a majority of its shares are now traded in the UK...we note that the Company's intention is for its senior management team to be based in the UK and as result no operational capabilities will remain within Australia...for the past several years the Company has not been successful in raising funding from Australian based shareholders. In fact, without the support of its UK shareholder base the Company would not have been able to continue trading...in addition to developing the Company's existing assets in India, the Company's strategy is to acquire additional gas assets in the Southern North Sea with the focus on carbon capture and sequestration. The Board considers that raising capital for this strategic move will be better achieved from the UK market.

Today 07:00 Eco (Atlantic) O&G (ECO)
Update on Gazania-1 well, offshore South Africa
https://www.investegate.co.uk/eco--atla ... 00058375G/
the Gazania-1 well on Block 2B, offshore South Africa, which spudded on October 10, 2022, reached target depth of 2,360m but did not show evidence of commercial hydrocarbons.
[Oops - more than halved, back down to where it was a year ago]

Today 07:00 Hurricane Energy PLC (HUR)
Financial and Formal Sale Process Update
https://www.investegate.co.uk/hurricane ... 00058386G/
From 1 January 2023, the EPL rate will rise from 25% to 35%. The Investment Allowance will be reduced to 29% for all investment expenditure (other than decarbonisation expenditure) broadly maintaining its existing cash value. The EPL will end on 31 March 2028. As previously announced, the EPL charge for the Company for 2022 is currently expected to be less than $5 million taking into account capital allowances available in the period as well as the effect of the Investment Allowance that is included within the EPL legislation...
The Formal Sale Process announced by the Company on 2 November 2022 is progressing, with multiple expressions of interest received from credible counterparties.

Today 07:00 Predator O&G Hldgs (PRD)
Exercise of Share Options
https://www.investegate.co.uk/predator- ... 00048359G/
it has received an exercise notice from Louis Castro, a former director, in respect of 650,000 share options issued to him pursuant to the Company's unapproved share option scheme.

Today 07:00 Vaalco Energy Inc (EGY)
Share Buyback Program
https://www.investegate.co.uk/vaalco-en ... 00038283G/
further to the announcement on November 1, 2022 regarding its share buyback program (the "Buyback Program"), the Company has entered into a Rule 10b5-1 trading plan (the "Plan") with Roth Capital Partners LLC ("Roth") in connection with the Buyback Program commencing on November 17, 2022 and ending no later than August 16, 2024.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00058520G/
They bought back 165,000 shares at 78.46p = £129,459

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00038290G/
They bought back 90,000 shares at 27.9p = £25,110

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00018241G/
500k @326.3983p

Yesterday 17:51 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5105H7518/
They bought back 1,500,000 shares at £23.674 = £35,510,700 and 1,499,780 shares at €27.043 = £35,319,250 for a total of £70,829,950

Yesterday 17:38 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 38438281G/
They bought back 10,319,429 shares at 479.472p = £49,478,755

Yesterday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35408207G/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#548898

Postby Hallucigenia » November 22nd, 2022, 2:55 pm

Sorry, was away yesterday, so here's Friday and Monday's, will do today later - the splashy one today is Clean Power Hydrogen down 20% after delays to their electrolyser meant Octopus cancelled their order.

In a classic 6pm-on-Friday-night Upland announced they were ending the farmout by Pennpetro in Tunisia, even though Pennpetro had paid in shares for their share of past liabilities and farming out the current liabilities for seismic was what saved Upland as a going concern earlier this year. Pennpetro claim that the problem was Upland not fulfilling their side of the bargain - there's a half-hearted effort to extend the licence but it seems Upland's Malaysian boss is far more interested in Sarawak than Tunisia these days. I imagine Pennpetro's lawyers are busy...
Zephyr start drilling at Paradox, Tower progress financing of the Cameroon well.
Invinity start sellling their big batteries into the Taiwanese market, for context just one of those batteries is bigger than the Tesla Megapack that Harmony are excited about bringing online at the connection point for Dogger Bank.
Chariot get into electricity trading in South Africa, which fits the boss's history with mining there (Petra etc). Meanwhile there's been a detailed leak of their meetings to give the Moroccan government a gentle kick up the backside over Anchois, currently targetting gas sales agreement by February and FID by the end of March.
Indus refinance some debt, Nostrum still haven't finalised all the paperwork for their refinancing. Advance formally become Beacon (BCE).

Yesterday 18:30 Vaalco Energy Inc (EGY)
PDMR dealings
https://www.investegate.co.uk/vaalco-en ... 30351275H/
Purchases and option exercises

Yesterday 18:03 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 0350H8100/
They bought back 1,169,592 shares at £22.992 = £26,891,376 and 2,246,491 shares at €26.476 = £51,400,256 for a total of £78,291,632

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00011147H/
710,459 @312.0245p

Yesterday 17:57 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 57571238H/
They bought back 10,781,166 shares at 467.228p = £50,372,592

Yesterday 17:00 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z8603/
They bought back 5,190,240 shares at an average of €57.801 = £259,255,277

Yesterday 15:54 Chariot Ltd (CHAR)
Chariot Ltd sees new South Africa JV as 'very exciting'
https://www.investegate.co.uk/chariot-l ... 5449EPWDS/
Proactive interview : https://www.youtube.com/watch?v=RUngRxLsMOw

Yesterday 15:37 Reabold Resources (RBD)
Director/PDMR Dealings
https://www.investegate.co.uk/reabold-r ... 37111078H/
PDMRs buy £160k between them

Yesterday 14:12 Shell plc (SHEL)
Director Declaration
https://www.investegate.co.uk/shell-plc ... 1255H8040/
Dick Boer, Non-executive Director of the Company, was appointed to the Board of Just Eat Takeaway.com

Yesterday 13:45 Indus Gas Limited (INDI)
Debt Refinancing
https://www.investegate.co.uk/indus-gas ... 45010983H/
it has today commenced an invitation to the holders of the Notes (the "Noteholders") to exchange any and all of the Existing Notes held by the Eligible Holders (the "Exchange Offer"), subject to the terms and conditions of the Exchange Offer Memorandum dated 21 November 2022...
[seem to be raising $25m and allowing holders of the existing 8% 2027 stock to exchange it for the new]

Yesterday 12:06 Nostrum Oil & Gas (NOG)
Notice of Extension of Longstop Date
https://www.investegate.co.uk/nostrum-o ... 06080897H/
further to the announcement issued by the Company on 4 November 2022, the Company has successfully effected the Extension [to 16 February 2023]. The Company has not yet received the Required Licences (or any confirmations that such licences are not required) necessary to implement the Restructuring.

Yesterday 07:45 Chariot Limited (CHAR)
Response to Media Reports
https://www.investegate.co.uk/chariot-l ... 45069864G/
notes recent media reports on a workshop held recently between the Company and representatives of various ministries and institutions of the Government of Morocco regarding the roadmap for the development of the Anchois gas field, offshore Morocco. The workshop was held as a closed meeting. The information therefore contained in the media reports solely represents the views of the authors.
[Seems to be referring to this which looks rather well informed :
https://ledesk.ma/enclair/gaz-offshore- ... -des-2025/
"for the first quarter of 2023, it is planned to "work with partners" to obtain the gas sales agreement (GSA), the operating concession (FDP development planning agreement) and finally funding to reach the Final Investment Decision (FID). This “development-justified” stage should be followed by the implementation of post-FID engineering, procurement and construction until the first quarter of 2025, the projected date of the project. starts production.....It should thus, according to him, "improve Morocco's energy security in a context of gas molecule scarcity, reduce the country's energy bill, ensure Morocco's gas self-sufficiency within 10-15 years, contribute to accelerate the energy transition of the national economy, export excess quantities to Europe..."Three months of delay (loss of "slot") at the start of the project can translate into 18 months of delay in its implementation"...
Three necessary milestones have thus been drawn by Chariot:
- "The definition of a global concept for the commercial development of Anchois gas and a technical-commercial structure for the related gas by mid-December 2022"
- "The setting of bankable terms agreed for the GSA on December 22, 2022 and the full GSA on February 23, 2023"
- "The start of GSA negotiations from November 14, 2022"
-And finally, the conclusion of "other agreements necessary to enable the financing and the FID by the end of the first quarter of 2023".]

Yesterday 07:09 Upland Resources Ltd (UPL)
New Corporate Website and Sarawak Update
https://www.investegate.co.uk/upland-re ... 09040375H/
Following a recent strategic review, Upland will seek to prioritise the development of opportunities in Sarawak, Malaysia. It is the belief of the Upland Board of directors that the Company is uniquely positioned in the region and that time and resources spent in adding value to the Sarawak SK334 JTS work program have potential to generate significant returns for shareholders.

Yesterday 07:01 Pennpetro Energy PLC (PPP)
Brokers Fee
https://www.investegate.co.uk/pennpetro ... 01069848G/
pursuant to the appointment of Arden Partners as a joint broker to the Company , t he Company has issued 94,697 ordinary share of £0.01 each as consideration to Arden for services (Fee Shares).

Yesterday 07:00 Pennpetro Energy PLC (PPP)
Tunisia Update
https://www.investegate.co.uk/pennpetro ... 00089847G/
As outlined in the announcement by Upland of 15 September 2022, a final deadline of 5 November 2022 had been set by way of a Formal Notice dated 5 September 2022 received from the Ministry of Industry Mines and Energy of Tunisia. The Notice requested the replacement by Upland of an expired bank guarantee of US$1M on or before 5 November 2022. Under the terms of the Farm Out Agreement (FOA) with Pennpetro, announced on 21 July 2022, Pennpetro is responsible for meeting the financial obligations associated with the license extension conditional upon both Pennpetro and the Tunisian authorities being satisfied with the result.
Since the announcement issued on 21 July 2022, the Board of Pennpetro has been awaiting confirmation from its Upland counterparts that the expired bank guarantee has been replaced, enabling Pennpetro to move forward with its plans for the near-term development of the Saouaf Permit. However, the Pennpetro Board received neither confirmation that the bank guarantee had been replaced by the Upland Board or confirmation that the deadline had not been met by Upland. The implications of this failure to replace the expired bank guarantee by Upland on Pennpetro's proposed farm-in was also not disclosed....
Tunisia has an attractive suite of under-explored and under-developed opportunities. Nobel has developed an excellent network of contacts in country following our recent visit and we are evaluating a number of exciting opportunities there.

Yesterday 07:00 Synergia Energy Ltd (SYN)
Cambay Production Update
https://www.investegate.co.uk/synergia- ... 00059297G/
The C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. Gas production is being sold at the Government of India regulated price of $8.57/MCF. In addition to the C-77H gas condensate, oil production from the C-19z, C-20, C-63 and C-72 wells has re-commenced....currently an aggregate of c. 50 bopd (including condensate) is being produced.

Yesterday 07:00 Tower Resources PLC (TRP)
Cameroon Financing Update
https://www.investegate.co.uk/tower-res ... 00089823G/
Tower Resources Cameroon S.A ("TRCSA"), has been notified by BGFI Bank Group ("BGFI"), the largest bank group in Central Africa, that the medium term loan of approximately US$7 million for which TRCSA and BGFI agreed a term sheet at the end of June 2022 (the "Loan"), has been approved by the credit committee of the Cameroon bank. Further approval is still required at the BGFI group level and discussions are now turning to the details of the structure and documentation, as well as a potential modest enlargement of the facility....
As previously disclosed, the Loan should cover around 40% of the approximate US$18 million cost of the well, with a further amount of 25% already having been paid for by TRCSA. The balance of 35% of the cost of the well is also to be funded by TRCSA. This balance may be funded by further financing at the asset level, or with corporate funds.

Yesterday 07:00 Zephyr Energy PLC (ZPHR)
36-2 LNW-CC well - Drilling Operations Commenced
https://www.investegate.co.uk/zephyr-en ... 00090352H/
drilling operations have commenced on the State 36-2 LNW-CC well (the "well") at its flagship project in the Paradox Basin...Drilling operations are expected to take approximately 30 days.

Yesterday 07:00 Beacon Energy PLC (BCE)
Change of Name
https://www.investegate.co.uk/beacon-en ... 00109877G/
all the regulatory formalities to change the company name to Beacon Energy plc have been satisfied. [formerly Advance]

Yesterday 07:00 Chariot Limited (CHAR)
Electricity Trading Joint Venture in South Africa
https://www.investegate.co.uk/chariot-l ... 00089822G/
it has formed a new joint venture through a 25% interest in a new South African electricity trading company, Etana Energy (Pty) Limited ("Etana") which has been granted an electricity trading licence by the National Energy Regulator of South Africa ("NERSA").

Yesterday 07:00 Harmony Energy Inc. (HEIT)
Pillswood Energisation
https://www.investegate.co.uk/harmony-e ... 00109876G/
its first portfolio project of 98 MW / 196 MWh (megawatt hours) , Pillswood, has now been successfully energised. At the time of energisation, the Pillswood project is the largest BESS [battery energy storage assets] project in Europe (by MWh).
The Pillswood project employs Tesla 2-hour Megapack technology systems and has the capacity to store up to 196 MWh of electricity in a single cycle . This is the equivalent battery capacity to power around 300,000 UK homes for two hours....The project is situated near Hull, East Yorkshire, adjacent to National Grid's Creyke Beck substation which is planned to be the connection point for Phase "A" and "B" of Dogger Bank, the world's largest offshore wind farm - the first phase of which is expected to go live in summer 2023. BESS projects enable National Grid to maximise the efficiency of wind farms by reducing the amount of time a wind farm needs to be switched off (curtailed) due to supply/demand imbalances or network constraints.The project was developed by Harmony Energy Limited and construction of the project was managed by Tesla.

Yesterday 07:00 Invinity Energy Sys (IES)
2.2 MWh Sale to Taiwanese Resale Partner
https://www.investegate.co.uk/invinity- ... 00089866G/
Bei Ying has made an initial purchase of 10 Invinity VS3 batteries with a total capacity of 2.2 MWh. Acting in its capacity as a local, in-country reseller for Invinity, these batteries will be resold by Bei Ying to end-users within Taiwan. The first battery will be delivered to an industrial technology research institute with the remainder expected to be sold to commercial and industrial electricity users in conjunction with renewable energy and electric vehicle charging equipment.
This commercial milestone represents entry into the Taiwanese market for Invinity and an additional commercial partnership in East Asia through which the Company expects to generate significant new sales. A deposit is now due, with the first battery planned for delivery next month, December 2022. Delivery of the remaining nine batteries is expected to occur throughout 2023.

Yesterday 07:00 Serinus Energy PLC (SENX)
Investor Presentation
https://www.investegate.co.uk/serinus-e ... 00109846G/
Jeffrey Auld (CEO), Andrew Fairclough (CFO), Stuart Morrison (COO), and Calvin Brackman (VP, External Relations & Strategy) will provide a live presentation relating to the Q3 2022 Results via the Investor Meet Company platform on 28th November 2022 at 9:00am GMT.

Yesterday 07:00 TotalEnergies SE (TTE)
Admission of securities to the official list
https://www.investegate.co.uk/totalener ... 00056767G/
Application has been made by TotalEnergies SE to the UK Listing Authority and the London Stock Exchange for the admission of 9,130,380 ordinary shares of TotalEnergies SE with a par value of 2.50 Euros per share, issued on June 8, 2022 in connection with a share capital increase reserved for employees.

Yesterday 07:00 Angus Energy PLC (ANGS)
Exercise of Warrants, Issue of Equity and TVR
https://www.investegate.co.uk/angus-ene ... 00069764G/
following the receipt of Exercise Notice's [!!!!!!!], it has issued 312,000 ordinary shares of £0.002 each in the capital of the Company at an exercise price of 1.35 pence per share and 1.5 pence per share ("New Ordinary Shares").

Yesterday 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00069710G/
They bought back 315,154 shares at 27.8957p = £87,914

Yesterday 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00089839G/
They bought back 100,000 shares at 76.35p = £76,350

Friday 18:22 Petrel Resources PLC (PET)
Holding(s) in Company
https://www.investegate.co.uk/petrel-re ... 22079759G/
On 16-Nov-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 6.6% to 5.62%.

Friday 18:15 Gran Tierra Energy (GTE)
Transaction in Own Shares
https://www.investegate.co.uk/gran-tier ... 15329748G/
They bought back 1,246,816 shares at C$1.72 = £1,349,896

Friday 18:00 Upland Resources Ltd (UPL)
Termination of Farm Out Agreement
https://www.investegate.co.uk/upland-re ... 00009632G/
As provided in their Farm-Out Agreement announced on 21 July 2022 (the Agreement) UPL (Saouaf) Limited and Upland (N Tunisia) Limited, wholly-owned subsidiaries of the Company, have given Nobel Petroleum USA Inc and Pennpetro Energy plc seven (7) days notice of termination of the Agreement. The long stop date has passed without certain conditions contained in the Agreement having been fulfilled.
On 21 October 2022, Upland (Saouaf) Limited applied to renew the Saouaf Permit until 22 December 2023. The application is under consideration.

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00009698G/
660,978 @317.3425p

Friday 17:57 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5707H7728/
They bought back 1,069,795 shares at £23.449 = £25,085,088 and 1,577,019 shares at €26.896 = £36,654,830 for a total of £61,739,918

Friday 17:53 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 53409739G/
They bought back 9,898,309 shares at 478.201p = £47,333,832

Friday 16:43 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 43309640G/
On 18 November 2022, Thomas Ulf Michael Sieg (Zurich, Switzerland) reduced from 14.7267% to 11.853427% .

Friday 16:41 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 41109633G/
On : 18 November 2022, ThomasLloyd Cleantech Infrastructure Fund SICAV (Luxembourg, Grand Duchy of Luxembourg) reduced from 3.741% to 3.01090%

Friday 16:40 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 40259654G/
On 16-Nov-2022, BREVAN HOWARD INVESTMENT PRODUCTS LIMITED (St Helier Jersey) increased from 14.12% to 16.91%.

Friday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35309644G/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Friday 14:59 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5900PE9AF/
ACQUISITION OF PARTNERSHIP SHARES IN THE WOOD SHARE INCENTIVE PLAN AND AWARD OF NIL COST MATCHING SHARES

Friday 14:58 WOOD GROUP (JOHN) PLC (WG.)
Director/PDMR Shareholding
https://www.investegate.co.uk/wood-grou ... 5800PF5D2/
SHARE PURCHASE IN ACCORDANCE WITH A TRADING PLAN RELATING TO THE WOOD EMPLOYEE SHARE PLAN

Friday 14:12 Egdon Resources PLC (EDR)
2022 Annual Report, Accounts and AGM Documentation
https://www.investegate.co.uk/egdon-res ... 12209554G/
its 2022 Annual Report and Accounts and AGM Documentation are now available on its website at www.egdon-resources.com . To access the documents, select Shareholder under the Investors dropdown list or alternatively, use the following link at www.egdon-resources.com/investors-2/sha ... munication

Friday 13:22 Pantheon Resources (PANR)
Block Listing Six Monthly Return
https://www.investegate.co.uk/pantheon- ... 22029514G/
Pantheon Resources Plc 2009 Discretionary Share Option Plan

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#549010

Postby Hallucigenia » November 23rd, 2022, 12:52 am

And Tuesday.
Clean Power Hydrogen are down 21% after delays to their electrolyser cause Octopus to cancel their order.
Southern Energy are very happy with their Gwinville wells now on stream, production up 67% yoy with more to come. Whereas Nostrum production is down 22%, hoping to finalise the reconstruction by Christmas.
Cadogan ticking along, employees are still OK which is the main thing. Tax litigation is formally over having resolved in their favour.
Coro very happy with their Bezzecca well continuing to flow at 15,000scm/d
Barryroe Offshore (ex Providence) have come up with a plan to satisfy the financial requirements of their licence with a €40m convertible (a bit more than their current market cap) which I'm sure shareholders are delighted with. They didn't have much choice I guess. Meanwhile Landsdowne have submitted more paperwork on their side in relation to the Barryroe field.
Kistos are putting a holding company at the top of their corporate structure, presumably to allow reserve-based lending by subsidiaries?
Petrofac CEO Sami Iskander steps down to be replaced by Tareq Kawash currently a Senior VP at McDermott.
Atrato see no impact from the electricity windfall tax.
Total are getting grief about offshore South Africa from the nature lovers - other operators there should take note.

Brent=$88.35(January)                WTI=$81.31(December,Brent-7.04)        Nymex gas=$6.95(November)
NBP =290p(November,Nymex+27.53) TTF=€119.639(December,Nymex+29.20) JKM=$29.215(January,Nymex+22.27)

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00022646H/
497,915 @319.2750p

Today 17:54 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 54592718H/
They bought back 11,300,658 shares at 484.249p = £54,723,336

Today 17:45 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4559H8328/
They bought back 193,172 shares at £23.598 = £4,558,415 and 197,219 shares at €27.298 = £4,667,741 for a total of £9,226,156

Today 17:16 Invinity Energy Sys (IES)
Result of Capital Reorganisation EGM
https://www.investegate.co.uk/invinity- ... 16232681H/
all resolutions were passed at the Company's Extraordinary General Meeting, held on Tuesday 22 November 2022 at 3.00 p.m. [99%]

Today 16:35 Indus Gas Limited (INDI)
Price Monitoring Extension
https://www.investegate.co.uk/indus-gas ... 35472628H/
https://uk.finance.yahoo.com/quote/INDI.L/chart
On the day it's been in the usual range. Over the last 2 weeks it's down 1.4% with a nadir of -8.3%.

Today 15:38 TotalEnergies SE (TTE)
South Africa: TotalEnergies Responds to Bloom and The Green Connection
https://www.investegate.co.uk/totalener ... 3800Z9402/
In response to an open letter from Bloom dated October 17, 2022 concerning TotalEnergies' gas exploration project in South Africa, Patrick Pouyanné, Chairman and Chief Executive officer of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), wrote today to Bloom and The Green Connection...I can confirm that TotalEnergies EP South Africa and its partners applied for a production license on September 5, following which an environmental and societal impact assessment was initiated, in accordance with South African regulations....Our teams remain available to discuss the challenges addressed by your organizations, as well as your concerns and expectations of TotalEnergies.

Today 11:03 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 03012269H/
On 21-Nov-2022, Societe Generale reduced from 5.1879% to 4.221%.

Today 11:00 Clean Power Hydrogen (CPH2)
Price Monitoring Extension
https://www.investegate.co.uk/clean-pow ... 00412267H/
https://uk.finance.yahoo.com/quote/CPH2.L/chart
On the day it's collapsed -21% having touched -36%. Over the last 2 weeks it's dropped -23.8% having touched -38%.

Today 11:00 WOOD GROUP (JOHN) PLC (WG.)
Holding(s) in Company
https://www.investegate.co.uk/wood-grou ... 0000PDE56/
On 15-Nov-2022, Pzena Investment Management, LLC (New York United States) increased from non-disclosed to 4.9882%

Today 10:00 Cadogan Petroleum Plc (CAD)
Operations Update - Replacement
https://www.investegate.co.uk/cadogan-p ... 0000PAB91/
This is a replacement announcement to correct a typographical error in the Operations Update Announcement released at 7am this morning.
[Supreme Court not Cassation Court, oops]

Today 09:08 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 08352010H/
On 18-Nov-2022, Societe Generale increased from 4.72% to 5.188%.

Today 09:00 Clean Power Hydrogen (CPH2)
Price Monitoring Extension
https://www.investegate.co.uk/clean-pow ... 00301994H/
https://uk.finance.yahoo.com/quote/CPH2.L/chart
On the day it's collapsed -21% having touched -36%. Over the last 2 weeks it's dropped -23.8% having touched -38%.

Today 08:00 AIM ()
Schedule One - Kistos Holdings PLC
https://www.investegate.co.uk/aim/rns/s ... 00011371H/
The securities of Kistos plc are currently admitted to trading on AIM. The securities of Kistos Holdings plc will seek admission to trading on AIM...The securities of Kistos Holdings plc are anticipated to be admitted to trading on AIM on 22 December 2022.

Today 07:47 Lansdowne Oil & Gas (LOGP)
Barryroe Lease Undertaking Application
https://www.investegate.co.uk/lansdowne ... 47231889H/
Lansdowne Oil & Gas ("Lansdowne" or "the Company") is pleased to announce that it has submitted additional material confirming financial capability, as requested by the Department of the Environment, Climate and Communications ("DECC").
Lansdowne also notes the announcement issued today by Barryroe Offshore Energy Plc that they have secured funding for up to €40 million, which covers 100% of the estimated cost of the work programme as set out in the Lease Undertaking application.
Award of a Lease Undertaking is subject to Ministerial consent. Upon award, drilling is now likely to take place in 2024, in order to conduct drilling operations in the fair- weather window.

Today 07:30 TotalEnergies SE (TTE)
Circular Economy: TotalEnergies and Air Liquide Innovate to Produce Renewable, Low Carbon Hydrogen at the Grandpuits Zero Crude Platform
https://www.investegate.co.uk/totalener ... 3000Z9001/
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air Liquide are innovating to produce and valorize renewable, low carbon hydrogen at the Grandpuits zero crude platform. Under a long-term contract committing TotalEnergies to purchase the hydrogen produced for the needs of its platform, Air Liquide will invest over €130 million in the construction and operation of a new unit producing hydrogen. This unit will partly use biogas from the biorefinery built by TotalEnergies and will be delivered with Air Liquide’s carbon capture technology CryocapTM. These innovations will prevent emissions amounting to 150,000 tons of CO2 a year compared to current processes. TotalEnergies’ biorefinery will use the unit’s hydrogen to produce sustainable aviation fuel....

Today 07:00 Nostrum Oil & Gas (NOG)
Financial Results for 3Q and 9M ended 30 Sep 2022
https://www.investegate.co.uk/nostrum-o ... 00061272H/
• Revenues of US$ 155.5 m ( 9M 2021 : US$ 142.6 m) against average Brent oil price of US$ 102.5 /bbl ( 9M 2021 : US$ 67.9 /bbl).
• EBITDA1 of US$ 94.9 m ( 9M 2021 : US$ 84.1 m) with EBITDA1 margin of 61.0% ( 9M 2021 : 58.9% ).
• Closing unrestricted cash as at 30 September 2022 of US$ 210.2 m ( 30 June 2022 : US$ 208.7 m). US$22.7m remains held in a restricted account as at 30 September 2022 .
• Daily production after treatment averaged 13,684 boepd ( 9M 2021 : 17,532 boepd). [down 22%]
we are focusing our efforts on achieving implementation of restructuring by the end of 2022.

Today 07:00 Southern Energy Corp (SOUC)
Q3 Results, H1 Budget, Spud of Gwinville Padsite
https://www.investegate.co.uk/southern- ... 00091360H/
· Net earnings of $6.6 million ($0.05 per share basic and $0.04 per share diluted) and $7.6 million ($0.08 per share basic and $0.07 per share diluted) for the three and nine months respectively ended September 30, 2022 as compared to net earnings of $4.3 million ($0.10 per share basic and $0.07 per share diluted) and $6.8 million ($0.18 per share basic and $0.15 per share diluted) in the same period of 2021, an increase of 53% and 12% as compared to the prior periods, respectively
· Q3 2022 average production of 20,449 Mcfe/d[2] (3,408 boe/d) (96% natural gas), an increase of 67% from the same period in 2021...
The current Gwinville development program will consist of the drilling, completion and equipping of up to 13 horizontal wells, as well as the necessary compression additions, pad construction, in-field pipelines and water disposal well conversions that will service the next few years of Gwinville development...
Q3 2022 represented the first three months of full production addition from the three well appraisal program in the Gwinville field. The three well pad site contributed approximately 1,546 boe/d (9.3 MMcfe/d) - an increase of more than 80% to Southern's base production in the quarter. All three horizontal wellbores targeted the Upper Selma Chalk formation, highlighted by the 19-3 #2 well achieving an average initial production rate over the first 30 days ("IP30") of 6.5 MMcf/d. After the first 120 days of production ("IP120"), the wells have averaged 533 boe/d (3.2 MMcfe/d). When these appraisal rates are normalized for a horizontal lateral length of 5,500' - i.e. the length of the average lateral planned in the upcoming program - the IP120 rate per well is approximately 900 boe/d (5.4 MMcfe/d)....
The drilling rig moved to the Company's 18-10 padsite and on November 20, 2022 spud the first of the three planned horizontal wells. ...
The futures markets continue to indicate premiums to NYMEX extending out to 2026. At current pricing the Company's average horizontal well at Gwinville is expected to payout in less than 12 months.
On November18, 2022, Southern filed and obtained a final receipt for a final base shelf prospectus (the "Prospectus") in each of the territories and provinces of Canada, other than Quebec. The Prospectus enables Southern to qualify the distribution of up to C$150 million of any combination of ordinary shares, warrants, subscription receipts, debt securities and units during the 25-month period that the Prospectus remains effective..... Southern currently has no contemplated plan to raise capital.
A new corporate presentation dated November 2022 is now available on the Company website at www.southernenergycorp.com

Today 07:00 Barryroe Offshore (BEY)
Update on Lease Undertaking Application
https://www.investegate.co.uk/barryroe- ... 00091480H/
On Monday 31st of October, Barryroe Offshore Energy ("Barryroe") announced that it had received communication from the Department of the Environment, Climate and Communications ("DECC") indicating that DECC believed that the Company had not yet demonstrated sufficient compliance with the guidelines set out in DECC's 'Financial Capability Assessment for Offshore Oil & Gas Exploration and Appraisal Applications Guidance' to get awarded the Barryroe Lease Undertaking. Since then, the Board has engaged with its major shareholders, and the Company is pleased to confirm that it has substantially agreed a funding arrangement with its existing shareholder Vevan Unlimited Company ("Vevan") to underwrite all of the expected funding required to undertake the work programme proposed in the Lease Undertaking Application. The legal documentation is in final format and is expected to be executed on 22 November 2022.
The funding is in the form of a redeemable secured Convertible Loan Note instrument ("the Loan Notes"). The Loan Notes are to be issued by the Company, and subject to its terms, the Loan Note holders commit to fund the Barryroe Work Programme (in an amount up to €40,000,000) in accordance with such obligations as may be ultimately approved by the Minister for the Environment, Climate and Communications in any Lease Undertaking granted pursuant to section 10(1) of the Petroleum and Mineral Development Act, 1960 (as amended). The total amount committed pursuant to the loan note instrument will be up to €40,000,000 which covers 100% of the estimated cost of the Work Programme as set out in the Lease Undertaking Application. These funds are currently held in a solicitor's client account to Vevan's order and are available to be drawn down in accordance with the terms of the Loan Note.
[market cap is ~£34m/€39m so not much potential dilution then]

Today 07:00 Cadogan Petroleum Plc (CAD)
Operations Update
https://www.investegate.co.uk/cadogan-p ... 0000PFC6A/
is pleased to provide the following operational update. All of our employees are safe. The Company continues to daily monitor the situation and take the appropriate actions to ensure their safety and their essential needs.
After the decision of the Supreme Court in Kiev in favor of the position defended by the Company, the litigation case with the Tax Administration has been ended. This will not have any financial impact on the 2022 accounts as the successful outcome was anticipated in the 2020 and 2021 annual accounts.
The Company continued defending its positions for the 20-year Bitlyanska gas license and filed a claim at the Cassation Court.
The projects for gas exploration and production developed by our subsidiary Exploenergy in Italy (90% Cadogan) are included in the eligible areas identified by the Plan for Sustainable Energy Transition in Eligible Areas (PITESAI). The administrative process is ongoing.

Today 07:00 Clean Power Hydrogen (CPH2)
Operational Update
https://www.investegate.co.uk/clean-pow ... 00091865H/
As previously announced, the Company has experienced delays caused by both ongoing global supply chain issues and the engineering and scale-up issues identified in the preliminary commissioning of its initial units....In recent weeks, the Company has identified a further potential issue with the design and operation of the cryostat unit within the existing MFE 30 test unit with investigations currently ongoing. If confirmed, this issue will be addressed in the next generation MFE 220 units as part of the ongoing upgrade and design adjustments. However, a retrofit solution will require to be implemented for the initial two units that will result in a delay to the delivery of these to customers, which had been scheduled for October 2022. As a result of these further delays, Octopus Hydrogen has informed the Company that it has cancelled its order with the Company, as it intends to use an alternative electrolyser solution at its first site, which is expected to go live in the coming weeks. As a result, the Company has reimbursed the deposit paid by Octopus Hydrogen.

Today 07:00 Coro Energy PLC (CORO)
Bezzecca Production Update
https://www.investegate.co.uk/coro-ener ... 00041111H/
further to the Company's announcement of 9 November 2022 which confirmed the resumption of production at the Bezzecca gas field in Italy...The well has been producing at a stabilised rate of 15,000 scm/day since 18 November 2022 with very good pressure support giving good indications for the long term field performance."I am delighted to announce that after having reached the stabilised rates in Bezzecca our total production in Italy has reached 21,000 scm/day from 3 fields which, combined with current gas prices, is providing very favourable cash flow generation.

Today 07:00 Atrato Onsite Energy (ROOF)
No impact from Electricity Generator Levy
https://www.investegate.co.uk/atrato-on ... 00081341H/
provides an update on the Electricity Generator Levy outlined by the UK Government as part of the Autumn Statement 2022 ("the Levy"). The investment adviser's initial assessment is that the Company will not be affected by the Levy.

Today 07:00 Petrofac Limited (PFC)
PETROFAC MANAGEMENT AND BOARD CHANGES
https://www.investegate.co.uk/petrofac- ... 0007EMJHH/
Sami Iskander, Group Chief Executive, will leave the business at the end of March 2023 in order to pursue other interests. Tareq Kawash will be appointed Group Chief Executive from 1 April 2023, following an orderly handover. Tareq will also be appointed as an Executive Director to Petrofac’s Board of Directors at that time....
Tareq joins us from McDermott, where he was most recently Senior Vice President of its Onshore and Offshore Business Lines, and a member of McDermott’s Executive Committee. With 30 years’ international EPC leadership experience, and an impressive business development track record, Tareq is exceptionally well placed to build on the foundations laid by Sami. We look forward to welcoming him to Petrofac.”

Today 07:00 Kistos PLC (KIST)
Notice of General Meeting & Scheme of Arrangement
https://www.investegate.co.uk/kistos-pl ... 00101347H/
announces that a court meeting ("Court Meeting") will be held on 14 December 2022 at 10.30 a.m. and a general meeting ("GM") of the Company shall occur thereafter at 10.50 a.m. on 14 December 2022. The Board further announces it is pursuing a scheme of arrangement under Part 26 of the Companies Act 2006, as amended (the "Scheme") following which the Group will interpose and maintain a new non-operational entity, Kistos Holdings plc, which will become the holding company of, and the provider of working capital to, the Group...The Board views the Scheme as the most effective and appropriate way to structure the Group and, ultimately, to restructure the Group's debt facilities on a more efficient basis.

Today 07:00 Jadestone Energy PLC (JSE)
Director Share Dealing
https://www.investegate.co.uk/jadestone ... 00091868H/
on 17 November 2022 and 18 November 2022, David Neuhauser, a Non-Executive Director of Jadestone, sold a total of 234,073 ordinary shares, for a total amount of £ 179,736.22. Following the transaction, Livermore Partners LLC holds a total of 32,085,094 ordinary shares, which represents a total of 7.1 % of the Company's issued share capital.

Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00011324H/
Acquisition of Common Shares through the Company's Employee Share Savings Plan

Today 07:00 Zephyr Energy PLC (ZPHR)
Holding(s) in Company
https://www.investegate.co.uk/zephyr-en ... 00091208H/
On 21/11/2022, Tyndall Investment Management increased from 10.3% to 11.16%.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00091866H/
They bought back 275,000 shares at 74.98p = £206,195

Today 07:00 Trinity Exploration (TRIN)
Transaction in Own Shares
https://www.investegate.co.uk/trinity-e ... 00051244H/
They bought back 40,000 shares at 112p = £44,800

Today 07:00 Union Jack Oil PLC (UJO)
Transaction in Own Shares
https://www.investegate.co.uk/union-jac ... 00041190H/
They bought back 100,000 shares at 29.5p = £29,500

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#549232

Postby Hallucigenia » November 23rd, 2022, 2:12 pm

Parkmead are rolling in it with netbacks on Dutch gas at $120/boe, but market didn't like it. AGM is in Aberdeen four days before Christmas...
Drilling starts at Pensacola so fingers crossed for Deltic (30% of potential 309bcf).
Po Valley/Prospex get their final approval for Podere Gallina, on track for early Q2. They note that under the new Italian government, the Ministry of Ecological Transition has become the Ministry of the Environment and Energy Security....
Europa drop the Inezgane licence as they say farm-in partners have no interest in deepwater oil at the moment. Qv Shell apparently getting cold feet on the Gato do Mato deepwater development in the Santos basin, which is at FID stage and was assumed to be a no-brainer.
Jadestone buy out the remaining 10% of the Lemang PSC in Indonesia from what sounds like the usual local partner who can't afford any capex. US$0.26/boe 2C ain't bad...
Kibo renew their MOU with the Tanzanian electricity company for the 300MW Mbeya project which had drifted, but they seem confident enough in their biocoal technology to give it a go on a bigger scale.

Brent=$84.96(November)               WTI=$77.85(December,Brent-7.11)        Nymex gas=$7.34(November)
NBP =294.5p(November,Nymex+27.92) TTF=€125.505(December,Nymex+30.67) JKM=$29.215(January,Nymex+21.88)

Today 13:44 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 44493889H/
On 18-Nov-2022, Schroders Plc increased from 4.434% to 5.901%.

Today 13:43 S.N.G.N. Romgaz S.A. (SNGR)
Convening notice of EGMS on December 29 (30), 2022
https://www.investegate.co.uk/s.n.g.n.- ... 43513909H/
S.N.G.N. ROMGAZ S.A. convenes the Company's shareholders at the Extraordinary General Meeting of Shareholders (EGSM) on December 29 (30), 2022. [to lease storage assets]

Today 13:11 Star Phoenix Group (STA)
UPDATED NOTICE OF GENERAL MEETING
https://www.investegate.co.uk/star-phoe ... 11363894H/
[apparently screwed up the previous calling of an EGM to change the auditor as BDO couldn't do it in time, now two separate resolutions rather than one, and explicitly mention the corporate name of the new auditor]

Today 09:03 Ming Yang Smart Engy (MYSE)
Notice of the Remaining Number of GDRs
https://www.investegate.co.uk/ming-yang ... 03343485H/
As of the market close on November 22, 2022 of the London Stock Exchange, the remaining number of the Global Depository Receipts issued by the Company (the "GDRs") is 16,539,405, less than 50% of the issued number of GDRs

Today 08:57 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 57043478H/
· S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. E.ON ENERGIE ROMANIA S.A.

Today 08:50 Synergia Energy Ltd (SYN)
Result of Annual General Meeting
https://www.investegate.co.uk/synergia- ... 50133477H/
All resolutions put to the General Meeting were decided by a poll with all resolutions passed. [97+%]
https://www.rns-pdf.londonstockexchange ... -11-23.pdf

Today 07:01 Parkmead Group (The) (PMG)
Notice of AGM
https://www.investegate.co.uk/parkmead- ... 01012780H/
it will hold its Annual General Meeting (AGM) at the Pitmedden Suite, Delta Hotels by Marriott Aberdeen, Overton Circle, Dyce, Aberdeen, AB21 7AZ at 9.00 a.m. on 21 December 2022.

Today 07:00 Parkmead Group (The) (PMG)
Preliminary Results Statement 2022
https://www.investegate.co.uk/parkmead- ... 00062775H/
· Revenue more than tripled to £12.1 million (2021: £3.6 million), as the Company benefited from the continued strength in gas prices
· Gross profit increased significantly to £10.8 million (2021: £1.8 million), demonstrating the high-quality of Parkmead's onshore Netherlands assets
· Net cash generated from operating activities of £4.5 million (2021: £1.3 million used in operating activities)
· Record profit before tax of £4.0 million (2021: £13.4 million loss) or 3.7p on a per share basis
· Low-cost onshore gas portfolio in the Netherlands produces from four separate gas fields with an average field operating cost of just US$8.6 per barrel of oil equivalent ("boe"), generating strong cash flows
· Average netback for the year from the Netherlands of approximately $120 per boe
· Average gross production for the period across the Group's Netherlands assets was 21.7 million cubic feet per day ("MMscfd"), approximately 3,740 barrels of oil equivalent per day ("boepd")
· Spudding of 'LDS' two-well drilling campaign from the Diever site expected imminently
· The LDS project will target a combined Pmean Gas in Place of 37.2 billion cubic feet ("Bcf"), in the prolific Rotliegendes reservoirs found on the licence
· Greater Perth Area ("GPA") farm-out process launched in September 2022
· Wider GPA project has the potential to deliver between 75 and 130 MMboe on a P50 basis
· GPA has been fully appraised and no further appraisal drilling is needed; constituent wells have been flow tested at rates of up to 6,000 boepd
Cash and cash equivalents at year-end were £23.3m (2021: £23.4m) and interest bearing loans receivable were £2.9m (2021: £2.9m). The Group's net asset value was £57.0m (2021: £57.7m). Debt within the Group remains minimal and was £0.9m at 30 June 2022 (2021: £0.5m).

Today 07:00 Europa Oil & Gas (EOG)
Inezgane Licence, Offshore Morocco Update
https://www.investegate.co.uk/europa-oi ... 00042660H/
the extension to the Initial Period of the Inezgane Licence ("Inezgane") offshore Morocco announced on 21 October 2020 has now come to an end and Europa has decided not to progress to the First Extension Period. Europa is in the final stages of completing all its obligations for Inezgane and expects to complete the final relinquishment report shortly. Once this final obligation has been satisfied the bank guarantee of US$315,000 will be released and repaid to Europa, following which the Company will have no further interests associated with Inezgane....
progressing to the next stage would have required Europa to commit to drilling an exploration well, which we could not justify without obtaining another partner. We have been working tirelessly with advisors to secure a farm-in partner but the market appetite for offshore deep water oil exploration is currently very low

Today 07:00 Prospex Energy PLC (PXEN)
Italy: Selva Field Development Update
https://www.investegate.co.uk/prospex-e ... 00022390H/
Po Valley Energy Limited (ASX:PVE) ('Po Valley' or the 'Operator') released an update on the ASX overnight on 23 November 2022. Prospex holds a 37% working interest in the Podere Gallina licence with the Operator holding the remaining 63%....
· Final approval to commence development activity received on 21 November 2022
· Podere Maiar remains on track for first gas in early Q2 2023
The new government in Italy has renamed the Ministry which is responsible for approvals and permitting of activities carried out by energy companies to: The Ministry of the Environment and Energy Security, previously the Ministry of Ecological Transition.

Today 07:00 Deltic Energy PLC (DELT)
Pensacola Well Operations Commenced
https://www.investegate.co.uk/deltic-en ... 00032643H/
Shell UK Ltd ("Shell"), the Operator of Licence P2252, has confirmed that the Maersk Resilient rig has been safely installed on the Pensacola location and that drilling operations have now commenced. Deltic has a 30% working interest in Licence P2252 which is located in the emerging Zechstein Reef play fairway in the Southern North Sea. Deltic estimates the Pensacola natural gas prospect to contain gross P50 Prospective Resources of 309 BCF. The drilling operations are expected to last between 60 and 90 days

Today 07:00 Jadestone Energy PLC (JSE)
Acquisition of 10% Interest in Lemang PSC
https://www.investegate.co.uk/jadestone ... 00083316H/
is pleased to announce the completion of the acquisition of the remaining 10% interest in the Lemang production sharing contract (the "Lemang PSC") onshore Indonesia. As a result, Jadestone's interest (pre local government back-in rights) in the Lemang PSC has increased to 100%....In return for the transfer of Hexindo's 10% stake, Jadestone has released Hexindo from unpaid amounts relating to Hexindo's interest in the Lemang PSC and has paid a consideration of $500,000...The Lemang PSC contains the Akatara gas field development, which reached final investment decision in June 2022. The field has been independently estimated to contain 18.7 mmboe of gross 2C resource, and is being developed to displace coal in local gas-fired power generation, as well as condensate sales and LPG for local residential use. Production remains on track for the first half of 2024....We have acquired Hexindo's interest for US$0.26/boe of 2C resource, compared to the original acquisition cost of US$0.70/boe in 2020

Today 07:00 Kibo Energy PLC (KIBO)
Kibo Renews MOU with Tanzanian Utility, TANESCO
https://www.investegate.co.uk/kibo-ener ... 00022568H/
is pleased to announce the signing of a renewed Memorandum of Understanding ('MOU') with Tanzania Electric Supply Company Limited ('TANESCO') in relation to the development of the Mbeya Power Project (the 'Project') as first announced in a Company RNS dated 14 February 2018. The renewed MOU is in essence an agreement between the parties on the process to agree and conclude a Power Purchase Agreement ('PPA') whereby TANESCO will purchase power with a capacity of 300 MW from Mbeya Power Limited ('MPL'), a subsidiary of Kibo....
The renewed MOU provides Kibo with the opportunity to reintroduce the Project into its development plans and specifically alongside the Company's new bio-fuel [bio-coal] initiative previously announced in a RNS dated 25 August 2022.

Today 07:00 Quadrise Fuels Intnl (QFI)
Publication of Sustainability Report
https://www.investegate.co.uk/quadrise- ... 00092620H/
is pleased to announce the publication of its inaugural Sustainability Report, which can be found on the Company's website: www.quadrisefuels.com/investor-relation ... entations/ .

Today 07:00 Kistos PLC (KIST)
Kistos Holdings plc Ordinary Shares Dealing Codes
https://www.investegate.co.uk/kistos-pl ... 00042723H/
the following dealing codes will apply:

Today 07:00 Harmony Energy Inc. (HEIT)
Dividend Declaration
https://www.investegate.co.uk/harmony-e ... 00082727H/
is pleased to declare a dividend of 1 pence per ordinary share in relation to the period 1 May 2022 to 31 October 2022 which will be paid on or around 16 December 2022

Today 07:00 ThomasLloyd Energy ()
Exchange Rate for the Interim Dividend
https://www.investegate.co.uk/thomasllo ... 00082798H/
the USD:GBP exchange rate for the previously announced interim dividend for the period from 1 July 2022 to 30 September 2022 of 0.44 cents per ordinary share has been set at 0.8406. The sterling equivalent dividend payable is 0.3699 pence per ordinary share.

Today 07:00 Predator O&G Hldgs (PRD)
Admission of Shares
https://www.investegate.co.uk/predator- ... 00082659H/
further to the Company's announcement of 18 November 2022 that it had received an exercise notice from Louis Castro, a former director, in respect of share options issued to her pursuant to the Company's unapproved share option scheme, 650,000 Ordinary Shares of no par value, ranking pari passu with the existing ordinary shares of the Company, were admitted to listing on the Official List

Today 07:00 Goldman Sachs Intl ()
Stabilisation Notice
https://www.investegate.co.uk/goldman-s ... 00022592H/
Goldman Sachs International, in its capacity as stabilisation manager, hereby gives notice that stabilisation was undertaken in relation to the offer of Ithaca Energy plc (ISIN: GB00BPJHV584 ) as set out below. [at ~25% below the IPO price]

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00083317H/
They bought back 385,000 shares at 73.83p = £284,246

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Re: Hal's oily roundup

#549461

Postby Hallucigenia » November 24th, 2022, 12:10 am

Rest of Wednesday's news. Angus are making good progress with the SF07V side track at Saltfleetby, looks like they should have some test results by Christmas. But the big news was slipped out after hours with the details of Vevan's effective takeover of Barryroe (née Providence). They needed proof of finance for the government, and had already mentioned it would involve a €40m convertible, but they're also giving away an extra 10% at 1/40 of the market price, plus a shit-ton of warrants if the convertible converts. Brutal, really brutal.

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00014079H/
They bought back 499,146 shares at 318.0014p = £1,587,291

Today 17:48 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 48044135H/
They bought back 10,519,886 shares at 488.686p = £51,409,204

Today 17:44 Barryroe Offshore (BEY)
Convertible Loan Note Funding
https://www.investegate.co.uk/barryroe- ... 44344128H/
Further to the announcement released at 7am on Tuesday 22 November 2022 the Board is pleased to confirm that a funding agreement, in the form of a Redeemable Convertible Secured Loan Note Instrument (the "Funding Agreement") with an existing shareholder, Vevan Unlimited Company ("Vevan"), has now been executed....
The funding will be in the form of Redeemable Convertible Secured Loan Notes ("the Loan Notes") to be issued by the Company. Under the terms of the Funding Agreement, Vevan has agreed, subject to the terms and conditions contained therein, to fund the Barryroe Work Programme. The total amount committed pursuant to the Funding Agreement is up to €40,000,000, which covers 100% of the cost of the Work Programme as set out in the Lease Undertaking Application, which remains subject to ministerial consent
The Loan Notes bear a coupon of 10% per annum, rolled up, and are convertible into ordinary shares at the lower of (i) €0.015 and (ii) the closing share price of an ordinary share on Euronext Growth Dublin on the trading date immediately prior to the conversion date....
Vevan will be entitled to appoint 2 directors to the board of Barryroe. The Loan Notes fall due for repayment on 31 December 2024.
The Company has agreed to grant Vevan the right to subscribe in cash at a consideration per share equal to the nominal value thereof (being €0.001 per ordinary share) for 107,186,000 ordinary shares (representing approximately 10% of the issued share capital of the Company) and, subject to shareholder approval, to grant Vevan the right to subscribe for a further 6,594,076 ordinary shares at a consideration per share equal to the nominal value thereof....
Vevan will also be separately granted warrants to subscribe in cash for 1.5 Ordinary Shares for each conversion share issued on conversion of the Loan Notes at a consideration per share equal to the lower of (i) €0.015 per share and (ii) the closing price of an ordinary share on Euronext Growth Dublin on the trading day immediately prior to the conversion date. The warrants are conditional on the Loan Notes being issued and converted into ordinary shares. The warrants will be exercisable for a period of 10 years from the date of conversion of the Loan Notes.

[As of 30 June Vevan held 172,905,735 shares representing 16.13% of the company. They're now being allowed to pick up 113.78m shares (10.61% of the pre-dilution share capital) at 0.1c (current shareprice ~4c) to give them 24.2% (post-dilution) of the company. If all €40m of the loan notes are used and convert (at a price of no more than 1.5c) then that's at least another 2666.7m shares, and then they have warrants to buy another 4000m shares at no more than 1.5c. I think I've got my sums right....? Oh and in the meantime they pay out 10% on the loan]

Today 17:44 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4453H8545/
They bought back 610,713 shares at £23.598 = £14,411,544 and 899,230 shares at €27.419 = £21,286,668 for a total of £35,698,212

Today 16:48 Shell plc (SHEL)
Director Declaration
https://www.investegate.co.uk/shell-plc ... 4802H8532/
Mr Cyrus Taraporevala, who joins the Shell Board on March 2, 2023, as a Non-executive Director of the Company*, has been appointed as Non-executive Director of Bridgepoint Group plc, effective January 1, 2023

Today 16:36 Empyrean Energy PLC (EME)
Price Monitoring Extension
https://www.investegate.co.uk/empyrean- ... 36034039H/
https://uk.finance.yahoo.com/quote/EME.L/chart
On the day it's down -12.7%. Over the last 2 weeks it's been in the usual range.

Today 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35294035H/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Today 16:12 S.N.G.N. Romgaz S.A. (SNGR)
Directorate Changes
https://www.investegate.co.uk/s.n.g.n.- ... 12194015H/
- appointed Mr. Razvan POPESCU as Chief Executive Officer of S.N.G.N. Romgaz S.A. for a period of 4 months, from December 18, 2022 to April 18, 2023
- appointed Mr. Aristotel Marius JUDE as Deputy Chief Executive Officer of S.N.G.N. Romgaz S.A. for a period of 4 months from December 18, 2022 to April 18, 2023.

Today 15:21 Angus Energy PLC (ANGS)
Saltfleetby Sidetrack Drilling Progress Update
https://www.investegate.co.uk/angus-ene ... 21563988H/
the drilling programme of the SF07V side track has progressed to the top of the target reservoir itself. Drilling was paused at a total measured depth along hole of 2,492 metres (being a true vertical depth of 2,261 metres) which is 10 metres higher than anticipated.
The well bore will now be cased and cemented to this point before resuming drilling, largely horizontally, a further 500 metres into and through the most productive part of the reservoir. This further work is expected to last around 14 days following which well clean up and testing operations will commence.

Today 14:43 TotalEnergies SE (TTE)
Total Voting Rights
https://www.investegate.co.uk/totalener ... 4300Z9805/
A total number of 2,809,471,040 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares

Today 14:00 UK Oil & Gas PLC (UKOG)
Price Monitoring Extension
https://www.investegate.co.uk/uk-oil--- ... 00203928H/
https://uk.finance.yahoo.com/quote/UKOG.L/chart
On the day it's jumped +14.4% with a spike to +19%. Over the last 2 weeks it's been in the usual range.

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Re: Hal's oily roundup

#549586

Postby Hallucigenia » November 24th, 2022, 12:48 pm

Quiet on Thanksgiving Day. UOG drop 22% in response to problems at ASH-4, looks like it's compartmentalised so is producing below initial expectations. Seems a bit harsh.
EnQuest off a touch in response to a solid trading update, production up 5.2%, still reducing debt, still giving lots of money to their hedge counterparties, would prefer not to pay the windfall tax.
Predator are feeling the need to go big on Morocco to prove up a meaningful amount of gas at a time of tight supply chains, so directors are exercising warrants to generate the extra cash they need, plus a loan from selling the resulting shares. Bit unconventional but seems kosher.

Brent=$84.99(November)               WTI=$77.83(December,Brent-7.16)        Nymex gas=$7.22(November)
NBP =290p(November,Nymex+27.92) TTF=€123.895(December,Nymex+30.56) JKM=$31.115(January,Nymex+23.89)

Today 12:10 Predator O&G Hldgs (PRD)
Exercise of Share Options Loan to develop asset
https://www.investegate.co.uk/predator- ... 10325330H/
· Exercise of options [at 2.8-5.66p vs current price of 11.5p] and Directors' loan will provide aggregate additional net funds of £1,256,880 for the expansion of the MOU-1 testing programme and the placing of orders for MOU-3 long-lead drilling items...The Company has therefore allotted and issued the total of 15,710,972 New Ordinary Shares following receipt of the aggregate £749,276 subscription price from Paul Griffiths and Lonny Baumgardner.
The Company wishes to further develop its asset portfolio ahead of a currently projected date of mid-December 2022 for the commencement of the drilling of the MOU-2 well. This is in order to take advantage of recent industry interest in respect of the Company's portfolio of assets in of Morocco, Ireland and Trinidad following the most recent operations update announced by the Company on 8 November 2022....
To ensure rapid implementation and scaling up of a gas development, pending the results of MOU-2, and to avail of currently projected attractive forward gas prices in Europe, an additional gas delivery well needs to be accelerated to demonstrate the ability to fast-track development drilling. Industry interest in any future participation in the Guercif gas project has referenced an export option to Europe should Guercif gas resources be proved up more quickly by additional drilling. The Company believes that a target gas production profile of 150 to 250 mm cfgpd will be required in order to create the potential for winter-focussed gas sales of surplus Moroccan gas into the European market....
To address this additional export option the MOU-1 and MOU-2 testing programmes are being expanded to include all potential gas reservoirs in the wells to maximise gas deliverabilities. This involves some additional costs in equipment and for extra operational days. The costs are justified by creating an opportunity to demonstrate the ability to quickly scale up gas production to embrace both a domestic market and a larger export gas markets. This is an incremental near-term strategic objective that is not in competition with the current commitment to develop initial gas production for the Moroccan industrial market using a trucked Compressed Natural Gas option.
The total additional costs to fulfil the Company's near-term strategic objective are forecast to be approximately of £900,000....
there has been renewed industry interest in the Company's application for a successor authorisation for Corrib South. The Company is allocating £100,000 for outsourcing the preparation of a Data Room for legal, technical and commercial due diligence purposes for interested parties....
The Company anticipates that Predator Oil & Gas Trinidad Ltd. will shortly reach a mutually acceptable resolution of its outstanding issues related to CO2 EOR operations in Trinidad. As a result the Company is intending to further develop its ability to deliver CO2 EOR services in Trinidad by investing £125,000 in expanding and updating its CO2 EOR delivery system and carrying out further technical due diligence on specific assets it has identified that are best suited to implementing CO2 EOR operations under attractive commercial terms. The recent rise in oil price makes CO2 EOR in Trinidad commercially attractive. Sequestration of CO2 is an important ESG objective following the success of the Inniss-Trinity pilot CO2 EOR project.
Total funding requirement to expand the asset portfolio is therefore £1,125,000....
, the executive directors Paul Griffiths and Lonny Baumgardner have therefore agreed, with the approval of the independent non-executive Board members and Novum Securities Limited, to place their 15,710,972 New Ordinary Shares, resulting from the exercised share options, at a price of £0.08 to raise £1,256,877.70 before expenses of £92,981.
A back-to-back loan arrangement between the Directors and the Company will enable the Company to utilise all of the net proceeds after expenses (£749,276 from the exercise of the options and a Directors' loan ("Loan") of £507,604) from the placing of the Directors' exercised share options to fund the further maturing of all of its asset portfolio within a relatively short timescale of up to 3 months....The Loan to incur interest at 4% above SONIA

Today 12:05 Atrato Onsite Energy (ROOF)
Holding(s) in Company
https://www.investegate.co.uk/atrato-on ... 05375325H/
On 23-Nov-2022, Close Asset Management Limited reduced from 13.59% to 12.98% and adjusted their shares vs other formats.

Today 11:56 Angus Energy PLC (ANGS)
Holding(s) in Company
https://www.investegate.co.uk/angus-ene ... 56215316H/
On 08-11-2022, Ludwig Bricout (Kemexon Ltd, Hong Kong) increased from n/a (probably, it's not entirely clear) to 4.12%.

Today 07:00 EnQuest PLC (ENQ)
Operations Update
https://www.investegate.co.uk/enquest-p ... 00024010H/
During the fourth quarter, the Group successfully completed the North West Magnus well, which is delivering strong performance since completion. During the planned shutdown at Magnus we made modifications to enable additional gas production of up to 20 mmscfd. Further workover activities at Magnus and drilling activities at PM8/Seligi and Golden Eagle are ongoing.
"Building on our excellent operational performance and deleveraging during the first half of the year, we are on track to deliver on our 2022 targets. Supported by the successful refinancing of our capital structure, we continue to progress towards our net debt to EBITDA target of 0.5x, which will enable us to consider our broader capital allocation priorities, including potential returns to shareholders in the longer term....
§ Average net Group production in the ten months to end October 2022 was 46,593 Boepd, an increase of 5.2% against the same period last year...
§ The Group continues to see inflationary pressure across the supply chain.
§ c.1.6 MMbbls have been hedged with an average floor price of $54/bbl and an average ceiling price of c.$73/bbl for the last two months of 2022
§ EnQuest hedged a total of c.8.7 MMbbls for 2022 predominantly using costless collars, with an average floor price of c.$63/bbl and an average ceiling price of c.$77/bbl. For the first half of 2023, the Group has hedged a total of c.3.5 MMbbls with an average floor price of c.$57/bbl and an average ceiling price of c.$77/bbl
§ In line with the requirements of the RBL facility, the Group intends to enter into additional hedges representing 45% of its net entitlement production for the first 12 month period and up to 35% for the subsequent 12 month period
§ 2022 average net Group production is expected to be around the mid-point of the existing guidance range of 44,000 Boepd to 51,000 Boepd

Today 07:00 United Oil & Gas PLC (UOG)
Egypt operations update
https://www.investegate.co.uk/united-oi ... 00044258H/
As previously announced, ASH-4, a step-out development well in the ASH field [UOG 22%], encountered 20 metres of net pay through the primary Alam El Bueib ("AEB") reservoir target. Preliminary well-test results indicated average flow rates of 1,325 bopd and 1.8 mmscf/d (c. 1,685 boepd gross; 371 boepd net working interest) on a 32/64" choke, with no water production and encouraging reservoir pressure.
The well was brought on stream on 17 November 2022 on the 32/64" choke size and although initial flow-rates were in excess of the well-test average, over recent days the rates from the well have sharply declined, suggesting that the well is connected to a smaller volume of oil than had been expected pre-drill. The choke size has now been reduced to 24/64" to manage the reservoir and production rates from the well, which are expected to stabilise over the coming days, but these will be at a lower level than had previously been anticipated....
the Company is revising its current 2022 full year production guidance for the Abu Sennan licence to 1,300-1,325 boepd net from 1,450-1,500 boepd net. This updated guidance does not include any contribution from the workovers that are still to be completed in late Q4 2022, which if successful could deliver up to an additional 175 boepd net to our production levels as we move into 2023.

Today 07:00 Jadestone Energy PLC (JSE)
Director Share Dealing
https://www.investegate.co.uk/jadestone ... 00054271H/
across 21-23 November 2022, David Neuhauser, a Non-Executive Director of Jadestone, sold a total of 692,000 ordinary shares, for a total amount of £ 508,590.00....Following the transaction, Livermore Partners LLC holds a total of 31,393,094 ordinary shares, which represents 6.9 % of the Company's issued share capital.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00044238H/
They bought back 178,843 shares at 73.16p = £130,842

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00034126H/
They bought back 50,000 shares at 26.2p = £13,100

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Re: Hal's oily roundup

#549724

Postby Hallucigenia » November 24th, 2022, 9:30 pm

Rest of Thursday's news. Predator got a kicking - down 19% - for their director financing deal, which seems a bit harsh in comparison to Barryroe being only 5% down after they gifted themselves to Larry Goodman.

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00015534H/
They bought back 780,017 shares at 311.8045p = £2,432,128

Today 17:50 UK Oil & Gas PLC (UKOG)
Holding(s) in Company
https://www.investegate.co.uk/uk-oil--- ... 50095615H/
On 23-Nov-2022, IG Markets Limited increased from 3.492% to 4.363%.

Today 17:44 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 44405604H/
They bought back 5,860,072 shares at 482.995p = £28,303,845

Today 17:42 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4212H8776/
They bought back 528,925 shares at £23.478 = £12,418,260 and 1,022,473 shares at €27.331 = £24,018,466 for a total of £36,436,726

Today 16:57 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 57585488H/
On 21-Nov-2022, Credit Suisse Group AG (Zurich Switzerland) reduced from 6.15% to 5.39%.

Today 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35465519H/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Today 16:35 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 35375517H/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -18.8% having touched -23%. Over the last 2 weeks it's been in the usual range.

Today 14:53 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 53155456H/
· S.N.G.N. ROMGAZ S.A. concluded one new transaction with the affiliated party S.C. E.ON ENERGIE ROMANIA S.A.

Today 14:00 Predator O&G Hldgs (PRD)
Price Monitoring Extension
https://www.investegate.co.uk/predator- ... 00285417H/
https://uk.finance.yahoo.com/quote/PRD.L/chart
On the day it's dropped -18.8% having touched -23%. Over the last 2 weeks it's been in the usual range.

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Re: Hal's oily roundup

#549866

Postby Hallucigenia » November 25th, 2022, 12:40 pm

Friday isn't black for IOG as they soar on resumption of production at Saturn Banks.
Feels like Plexus are in the last chance saloon - the shares have had a shocking 2022 as they've failed to turn promising technology and attention on leak reduction into sales. There's signs of a bit of a turnround, but too little too late, will they get bought out cheaply just as things start to improve?
Falcon don't have much to say for Q3. Quadrise AGM statement promising lots of news next year. Hurricane have an EGM to enable a return of capital.

Brent=$86.69(November)               WTI=$79.71(December,Brent-6.98)        Nymex gas=$7.28(November)
NBP =285.5p(November,Nymex+27.25) TTF=€122.945(December,Nymex+30.17) JKM=$31.115(January,Nymex+23.83)

Today 12:03 Coro Energy PLC (CORO)
Exclusivity - 3.25MW Vietnam Solar Acquisition
https://www.investegate.co.uk/coro-ener ... 03116612H/
it has entered into a period of exclusivity for three months ("Exclusivity") with the shareholders of KIMY Trading and Service JSC ("KIMY") in respect of the potential acquisition by the Group of a 100% interest in a leased rooftop solar portfolio in Vietnam across four locations close to Saigon with an aggregate generating capacity of 3.25 megawatts...the proposed consideration payable for any acquisition of the Portfolio by the Group of a total of c.US$1.7 million (US$548/MW)[! oops]...would take our Vietnam portfolio to 6.258 megawatts in total

Today 12:00 Tullow Oil PLC (TLW)
Statement re: Result of AGM
https://www.investegate.co.uk/tullow-oi ... 00006338H/
following the AGM on 25 May 2022 when the Company announced that 43.95% of votes were cast against Special Resolution 14 (to authorise the Board to allot or sell equity securities for cash) and 24.44% of votes were cast against Special Resolution 16 (to authorise the Company to make market purchases of its own shares), the Company reports that members of the Board have since engaged with our major shareholders who voted against the resolutions and have received their feedback, which will be incorporated into the Board's considerations and communications in the lead up to the next AGM in 2023.

Today 11:37 Gulf Marine Services (GMS)
Holding(s) in Company
https://www.investegate.co.uk/gulf-mari ... 37356582H/
On 27-Oct-2022, Ivan Lindsay Brunette increased from 0% to 3.18%.

Today 09:00 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 00406424H/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's soared +46.4% with a spike to +53%. Over the last 2 weeks it's jumped +38.7% with a spike to +45%.

Today 09:00 Hurricane Energy PLC (HUR)
Reduction of Capital and Notice of General Meeting
https://www.investegate.co.uk/hurricane ... 00016415H/
The Shareholder Circular sets out the details of a proposal to carry out a reduction of the Company's capital involving the cancellation of the Company's share premium account (which currently stands at approximately US$822.5 million) in order to create distributable reserves (the "Reduction of Capital")....
The General Meeting is to be held on Wednesday, 14 December 2022 at 10.00 am at The Library Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA.

Today 07:00 Plexus Holdings Plc (POS)
Preliminary Results
https://www.investegate.co.uk/plexus-ho ... 00035658H/
· Continuing operations sales revenue £2,306k (2021: £2,017k) [+14.3%]
· Adjusted EBITDA on continuing activities £2.78m loss (2021: £2.69m loss)
· Continuing operations operating loss after tax £7,457k (2021: £4,110k)
· Cash and cash equivalents of £5.84m (2021: £5.18m)
· Bank borrowing of £3.96m (2021: £2.04m) relating to a drawn down Lombard facility
· October 2022 - raised £1,550,000 through the issue of Convertible Loan Notes
While in the past, many oil companies have focused on using/fixing old solutions and infrastructure, their hands are now being forced to invest in and utilise new technology that can help to prevent rather than cure emissions. I believe that as a result, companies like Plexus, which can offer leak proof wellheads with long term integrity for the life of a well, are well positioned to benefit from these major green initiatives, whilst also helping to significantly reduce the amount of methane gas being released into the atmosphere as a result of fugitive emissions, the polite name for leaks....Recently, the USA issued a first-of-its-kind fee on methane leaks from the oil and gas sector, with the law imposing a charge of US$900 per ton of fugitive methane emitted from oil and gas company wells....
Gross margin on continuing operations increased to 64.7% (compared to 47.3% in the previous year). The increase in margin is largely driven by higher margins on sold equipment being achieved when compared to the prior year....
R&D expenditure including patents increased from £0.24m in 2021 to £0.45m [19.5% sales] in 2022.

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements
https://www.investegate.co.uk/falcon-oi ... 0000H8785/
Strong financial position, debt free with cash of US$16.9 million at 30 September 2022 (31 December 2021: US$8.9 million).
MD&A at https://www.sedar.com/DisplayCompanyDoc ... o=00006234

Today 07:00 IOG PLC (IOG)
Saturn Banks production restart
https://www.investegate.co.uk/iog-plc-- ... 00056175H/
- Production has been restarted from both Blythe and Elgood into the Saturn Banks Pipeline System ("SBPS") as planned after completion of shutdown works
- Gas sales are expected to recommence today following full repressurisation of the line
- A2 first gas remains expected around year end, subject to stimulation progress and operational risks to final hook-up and commissioning

Today 07:00 Quadrise Fuels Intnl (QFI)
AGM Statement
https://www.investegate.co.uk/quadrise- ... 00045674H/
the following update ahead of the Company's Annual General Meeting ("AGM") which commences today at 12 noon. At the conclusion of the AGM, the Company will provide a business update presentation to shareholders present at the venue and online via the Investor Meet Company ("IMC") platform. The presentation is open to all existing and potential investors. Those wishing to attend online via IMC can register via: www.investormeetcompany.com/quadrise-fu ... r-investor
Quadrise expects to achieve commercial revenues in its current financial year....
· Morocco - In June 2022, Quadrise signed a new Material Transfer & Cooperation Agreement with the client. The initial industrial demonstration test is now scheduled to be completed next month. Upon success, the parties will enter discussions for potential commercial supply, with a view to signing a fuel supply agreement in the first quarter of calendar year 2023.
· MSC - In July 2022, Quadrise signed a Framework Agreement with MSC Shipmanagement ("MSC") to carry out trials of bioMSAR™ and MSAR® with a view to the commercial supply of one or both fuels to MSC's global fleet. Proof-of-concept tests are planned for H1 2023, following which MSC will run Letter of No Objection trials starting with bioMSAR™. Discussions are now underway with third parties regarding the production of the fuel for the trials. With positive trial progression, Quadrise, MSC, and other key stakeholders expect to commence discussions for commercial supply to MSC's fleet in H2 2023.
· Utah ... targeting a commercial agreement by the end of January for the licensed supply of a Manufacturing Unit to provide fuel for MSAR® and bioMSAR™ trials as a precursor to commercial supply during 2023.
· Americas - Quadrise and its local agents are advancing discussions with candidate sites in Panama and Honduras to trial MSAR® and bioMSAR™ at power plants in H1 2023 as a precursor to potential commercial supply agreements later in the year.
[plus other stuff, but that looks the nearterm newsflow]

Today 07:00 Baron Oil PLC (BOIL)
Completion of changes to Chuditch Bank Guarantee
https://www.investegate.co.uk/baron-oil ... 00035640H/
the changes to the provision of the funds for the Deposit for the Guarantee and related matters, as described in the Company's announcement of 15 November 2022 have been successfully completed. Accordingly, Baron is now the provider of 100% of the collateral for the Guarantee.

Today 07:00 Hydrogen Utopia Intl (HUI)
Aquis Showcase Event
https://www.investegate.co.uk/hydrogen- ... 00055670H/
the Company will be presenting at the VSA Capital Aquis Showcase Event on Tuesday 29th November 2022 at the Royal College of Surgeons of England, 38-43 Lincoln's Inn Fields, London WC2A 3PE. HUI will also be hosting a stand to meet investors throughout the day.

Today 07:00 Deltic Energy PLC (DELT)
PDMR/Director Dealings
https://www.investegate.co.uk/deltic-en ... 00055586H/
as a consequence of the purchase of Subscription shares, three Directors, and a person discharging managerial responsibility transferred a total of 3,031,194 ordinary shares to their individual ISA accounts. Additionally, Peter Nicol has acquired a further 142,858 ordinary shares via his ISA account. Details of these share transfers and purchases are shown below. There has been no change to the number of shares beneficially held by each PDMR as a result of these transfers, other than an increase to the beneficial holding of Peter Nicol.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00035613H/
They bought back 140,000 shares at 70.69p = £98,966

Hallucigenia
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Re: Hal's oily roundup

#550574

Postby Hallucigenia » November 28th, 2022, 2:40 pm

Serinus are making hay whilst the sun shines, benefiting from netbacks of over $120/boe but struggling to Red Queen the ferocious decline rate on their shallow gas in Romania, that cashflow would go further in other exploration. They talk about 181mmboe of prospects at Satu Mare, but at £11m they are trading at close to 1x EBITDA, might make a useful cashflow engine for a more exploration-led company?
Aminex bounce on news of a gas addendum to the Ruvuma oil PSA, another box ticked.
Petroneft finally face up to the realities of operating in Russia as financing for the Licence 67 falls through, they're looking pretty stuffed.
Beacon (née Advance) extend their reverse takeover by another 2 weeks.
Capricorn look to cancel share premium account to increase distributable reserves.
IOG continue their good run after the Saturn Banks news.

Brent=$81.17(November)               WTI=$74.36(December,Brent-6.81)        Nymex gas=$6.59(November)
NBP =295p(November,Nymex+28.98) TTF=€124.475(December,Nymex+31.52) JKM=$29.960(January,Nymex+23.37)

Today 13:09 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 09148129H/
On 24-Nov-2022, The Goldman Sachs Group, Inc. reduced from 14.365% to 14.145%.

Today 13:00 Capricorn Energy PLC (CNE)
Notice of GM
https://www.investegate.co.uk/capricorn ... 00018085H/
a notice of a general meeting (the "General Meeting"), regarding a proposed share premium account cancellation. The General Meeting will be held at the Company's registered office at 50 Lothian Road, Edinburgh EH3 9BY at 3.00 p.m. on 15 December 2022. If it becomes effective, the proposed cancellation of the Company's share premium account would create additional distributable reserves (of approximately US$495.1 million)

Today 12:20 S.N.G.N. Romgaz S.A. (SNGR)
OGMS Resolution on November 28, 2022
https://www.investegate.co.uk/s.n.g.n.- ... 20478064H/
Approves the Natural Gas Sales-Purchase Contract No. VG55/2022 concluded between SNGN Romgaz SA and Societatea Electrocentrale Bucureşti SA.

Today 11:00 88 Energy Limited (88E)
Price Monitoring Extension
https://www.investegate.co.uk/88-energy ... 00367940H/
https://uk.finance.yahoo.com/quote/88E.L/chart
On the day it's been in the usual range.

Today 11:00 Aminex PLC (AEX)
Price Monitoring Extension
https://www.investegate.co.uk/aminex-pl ... 00197937H/
https://uk.finance.yahoo.com/quote/AEX.L/chart
On the day it's jumped +22.4% with a spike to +40%. Over the last 2 weeks it's jumped +28.8% with a spike to +47%.

Today 11:00 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 00537942H/
https://uk.finance.yahoo.com/quote/IOG.L/chart
On the day it's jumped +16.7% with a spike to +21%. Over the last 2 weeks it's jumped +58.6% with a spike to +65%.

Today 09:54 Shell plc (SHEL)
BG Energy Capital PLC Notice of Meetings
https://www.investegate.co.uk/shell-plc ... 5428H9189/

Today 09:44 Shell plc (SHEL)
BG Energy Capital plc announces Consent Solicitations in respect of its outstanding Notes
https://www.investegate.co.uk/shell-plc ... 4437H9187/
Some technicalities "Shellifying" some of the BG long-term debt :
https://ml-eu.globenewswire.com/Resourc ... 5ca7e8c79a

Today 08:47 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 47027650H/
On 24-Nov-2022, Societe Generale increased from 4.221% to 5.212%.

Today 08:30 Petrofac Limited (PFC)
Holding in Company
https://www.investegate.co.uk/petrofac- ... 3004EFNCC/
On 23-Nov-2022, Azvalor Asset Management SGIIC SA (Madrid) increased from 5.052% to 10.042%.

Today 07:00 Serinus Energy PLC (SENX)
Q3 2022 Results
https://www.investegate.co.uk/serinus-e ... 00076965H/
· Revenue for the nine months ended 30 September 2022 was $41.8 million (30 September 2021 - $25.7 million)
· Net income for the nine months ended 30 September 2022 was $3.4 million (30 September 2021 - $0.8 million)
· Funds from operations for the nine months ended 30 September 2022 were $ 11.1 million (30 September 2021 - $ 7.8 million)
· EBITDA for the nine months ended 30 September 2022 was $11.4 million ( 30 September 2021 - $8.9 million)
· The Company realised a net price of $162.18/boe for the nine months ended 30 September 2022
· The Group's operating netback remained strong for the nine months ended 30 September 2022 and was $120.13/boe ( 30 September 2021 - $34.13/boe),
· Cash balance as at 30 September 2022 was $8.8 million (31 December 2021 - $8.4 million)
The Company has initiated a geological and geophysical review of the Satu Mare concession to high rank the management-estimated 181 million barrels of oil equivalent prospects
During the nine months ended 30 September 2022 production volumes decreased by 872 boe/d (48%) to 938 boe/d against the comparative period (2021 - 1,810 boe/d).
[down 7%]

Today 07:00 Aminex PLC (AEX)
Ruvuma Commercial Update
https://www.investegate.co.uk/aminex-pl ... 00086981H/
the parties to the Ruvuma PSA signed an addendum to the PSA ("PSA Addendum"). The Ruvuma PSA, as with all other PSAs in Tanzania, contained profit share, royalty, and taxation rates only for oil production. The PSA Addendum sets out the relevant terms for gas production.

Today 07:00 Scirocco Energy PLC (SCIR)
Ruvuma Update
https://www.investegate.co.uk/scirocco- ... 00087002H/
As we progress towards the completion of the divestment of Scirocco's interest in Ruvuma to APT, the above is a positive step which supports the development of the Ruvuma licence in due course and therefore the payment of the contingent elements associated with that transaction.

Today 07:00 Beacon Energy PLC (BCE)
Exclusivity Extension
https://www.investegate.co.uk/beacon-en ... 00066709H/
further to the RNS dated 9 September 2022 in which the Company confirmed that it had entered into a non-binding Heads of Terms ("HoT") for the acquisition of a European oil and gas company ( the "Potential Acquisition"), the previously agreed exclusivity extension period is to be further extended from 28 November to 12 December 2022.

Today 07:00 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00086966H/
it received a notice to exercise 230,000 and 88,580 (net basis) Performance Warrants at a price of US$0.1869 per Common Share.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00076926H/
They bought back 195,000 shares at 71.33p = £139,094

Saturday 18:00 Mosman Oil and Gas Ltd (MSMN)
Mosman Oil and Gas sees Cinnabar as a potential 'step-change'
https://www.investegate.co.uk/mosman-oi ... 0012ELRIE/
Proactive interview with chairman
https://www.youtube.com/watch?v=dKrYMHp41KQ

Friday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00006863H/
They bought back 777,423 shares at 311.9673p = £2,425,306

Friday 17:46 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4643H8948/
They bought back 1,187,649 shares at £23.670 = £28,111,956 and 1,348,522 shares at €27.544 = £32,194,764 for a total of £60,306,720

Friday 17:38 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 38346901H/
They bought back 8,207,362 shares at 487.794p = £40,034,985

Friday 16:36 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 36036830H/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Friday 15:55 Chariot Limited (CHAR)
Change of Adviser
https://www.investegate.co.uk/chariot-l ... 55016797H/
Stifel Nicolaus Europe Limited has been appointed as the Company's joint corporate broker with immediate effect, alongside Cenkos Securities plc, Chariot's existing Nominated Adviser and joint corporate broker.

Friday 14:16 Quadrise Fuels Intnl (QFI)
Result of AGM
https://www.investegate.co.uk/quadrise- ... 16556736H/
at its Annual General Meeting held earlier today ("AGM"), all resolutions proposed to the meeting were duly passed. [down to 87% for one]

Friday 12:58 Petroneft Resources (PTR)
Company Update
https://www.investegate.co.uk/petroneft ... 58016668H/
The drilling of up to five development wells at the Cheremshanskoye field (Licence 67) has been delayed for the foreseeable future due to inability to secure financing for the program.... the bank is no longer able to provide a loan facility. The Company will continue to look for alternative financing avenues but at the same time recognising that this is likely to be particularly challenging under the current circumstances....
BDO, who have acted as the statutory auditor to the Company since 2019, have notified the Company of their intention to resign as their policy is not to engage in any business involving companies with significant operations or assets in the Russian Federation ...
All fields at Licence 61 remain shut in due to the on-going legal dispute with Nord Imperial LLC regarding storage and transfer of oil by pipeline from Licence 61 to the Transneft Entry point at Zavyalovo....
As previously announced, the redemption date for the PetroGrand loan facility is 15th Dec 2022 with all principal and interest due and payable on that date. We are in ongoing discussions with PetroGrand to investigate all possible options and will keep shareholders aware of any outcomes....
the directors of the Company believe that this is an appropriate time to conduct a review of the strategic options available to PetroNeft and will consider all viable options within the context of the current geopolitical environment so as to maximise value for shareholders
[down 44%]

Hallucigenia
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Re: Hal's oily roundup

#550697

Postby Hallucigenia » November 28th, 2022, 10:59 pm

Rest of Monday :

Today 18:27 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 27068448H/
They bought back 10,437,716 shares at 480.427p = £50,145,638

Today 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00018333H/
They bought back 781,201 shares at 307.9696p = £2,405,862

Today 17:44 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4459H9321/
They bought back 1,952,939 shares at £23.428 = £45,754,194 and 1,691,849 shares at €27.064 = £39,613,037 for a total of £85,367,231

Today 17:00 TotalEnergies SE (TTE)
TotalEnergies SE: Disclosure of Transactions in Own Shares
https://www.investegate.co.uk/totalener ... 0000Z0529/
They bought back 3,978,541 shares at an average of €57.810 = £198,958,374

Today 16:51 ThomasLloyd Energy ()
Holding(s) in Company
https://www.investegate.co.uk/thomasllo ... 51108277H/
On : 18/11/2022, Secretary of State for Foreign, Commonwealth and Development Affairs reduced from 22.857% to 18.398%.
[UK government took at 25% stake as part of their MOBILIST programme last year as part of COP26]

Today 16:44 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 44118326H/
On 25-Nov-2022, Societe Generale reduced from 5.2119% to 4.221%.

Today 16:36 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 36268316H/
https://uk.finance.yahoo.com/quote/NOG.L/chart
On the day it's been in the usual range.

Today 16:30 AIM ()
Schedule One - Savannah Energy PLC
https://www.investegate.co.uk/aim/rns/s ... 30008149H/
As detailed in the Company's admission document dated 31 December 2021, Admission is being sought in connection with the acquisition of Exxon Mobil Corporation's entire upstream and midstream asset portfolio in Chad and Cameroon (the "Exxon Acquisition"), which constituted a reverse takeover....The Company's proposed acquisition of PETRONAS (E&P) Overseas Ventures SDN. BHD.'s interest in the same assets in Chad and Cameroon is ongoing, and is not a condition of the Exxon Acquisition. Accordingly, this Schedule One announcement and Admission relates solely to the Exxon Acquisition.....
Anticipated market capitalisation on Admission: £300 million (based on the mid-market closing price of an Ordinary Share of £0.23 on 25 November 2022, being the last practicable date prior to this announcement)

Today 16:30 Petrofac Limited (PFC)
Notification of major holding
https://www.investegate.co.uk/petrofac- ... 3006ENWFS/
On 25-Nov-2022, Schroders Plc reduced from 14.686% to 9.461%. [presumably where Azvalor got their 4.99% disclosed at 8.30 today]

Hallucigenia
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Re: Hal's oily roundup

#550912

Postby Hallucigenia » November 29th, 2022, 3:34 pm

Arrow continue to deliver, targetting another 50% increase in production in H1.
Atrato's maiden results seem OK, they're spending all the money they raised at IPO on rooftop solar on Amazon warehouses and the like. NAV down a bit as discount rates rise, but they've started paying a 3% divi with a target of 5%.
Eco didn't have much to say in their results, still digesting the well results, "considerable interest" in their licences.
Woodies provide 2023 guidance. Market hated Wood's trading update which didn't say much beyond "we're sorting things out, but don't expect FCF for another year".
Orcadian bounce on a MoU with SLB (Schlum) for the wells on Pilot, Thursday's presentation might be worth a look.
Hydrogen Utopia have found a better site in Ireland for their plastic-waste-to-hydrogen facility. Sound tweak the terms of their micro-LNG deal.
Wildcat are holding their AGM in a bar in Sutton Coldfield, nice.

Brent=$85.32(November)               WTI=$78.97(December,Brent-6.35)        Nymex gas=$7.34(December)
NBP =320.54p(November,Nymex+31.10) TTF=€131.500(December,Nymex+32.58) JKM=$30.280(January,Nymex+22.94)

Today 14:27 IOG PLC (IOG)
TR-1: Notification of major holdings
https://www.investegate.co.uk/iog-plc-- ... 27249698H/
On 28/11/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group holding via Lombard Odier Asset Management (Europe) Limited reduced from 13.50% to 12.96%.

Today 14:22 Edison Investment Research Lim (QFI)
Quadrise Fuels International (QFI): Key role in transitioning to net-zero
https://www.investegate.co.uk/edison-in ... 2239ESVIQ/
our scenario analysis calculates that even modest adoption of MSAR could generate material revenues and take the company to sustainable profitability. For example, adoption across only 8% of MSC’s global fleet could generate around $106m in licence revenues and require minimal capex.
https://www.edisongroup.com/publication ... ero/31706/

Today 12:50 Synergia Energy Ltd (SYN)
Update - Formal request for removal from ASX
https://www.investegate.co.uk/synergia- ... 50489626H/
On 24 November 2022, the Company provided written communication to securityholders in relation to the removal of Company from the Official List of the ASX (enclosed Annexure A for ease of reference), specifically updating information relating to how securityholders can retain / sell their securities after the ASX delisting. The information contained replaces the guidance that was previously released.

Today 12:43 Petrel Resources PLC (PET)
Holding(s) in Company
https://www.investegate.co.uk/petrel-re ... 43419618H/
On 25-Nov-2022, Monecor (London) Ltd Trading as ETX Capital reduced from 5.62% to 4.72%.

Today 12:20 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 20369609H/
S.N.G.N. ROMGAZ S.A. reports the concluding of a gas sale/purchase contract with ELECTROCENTRALE BUCURESTI S.A.

Today 12:10 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 10419607H/
On 28-Nov-2022, Societe Generale increased from 4.221% to 5.22%.

Today 10:00 Tullow Oil PLC (TLW)
Block listing Interim Review
https://www.investegate.co.uk/tullow-oi ... 00008387H/
Various bonus plans

Today 08:23 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 23229138H/
On 28/11/2022, Palliser Capital (UK) Ltd increased from 5.11% to 6.85%.

Today 07:43 Wildcat Petroleum (WCAT)
Notice of AGM
https://www.investegate.co.uk/wildcat-p ... 43258497H/
The Company is pleased to Announce details regarding its AGM.
This will be held at X0 Lounge, 52 Thornhill Rd, Streetly, B74 3EH on Friday December 23rd 2022 at 11:00 hours.
[random bar in Sutton Coldfield...]

Today 07:42 Wildcat Petroleum (WCAT)
Change of Auditor
https://www.investegate.co.uk/wildcat-p ... 42578495H/
is pleased to announce the appointment of Shipleys LLP ("Shipleys"), as auditor to the Company. The appointment of Shipleys will be subject to approval by shareholders at the next Annual General Meeting of the Company.

Today 07:30 Pharos Energy PLC (PHAR)
Director/PDMR Shareholding
https://www.investegate.co.uk/pharos-en ... 30018513H/
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 £0.26 per Share.

Today 07:27 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 27289056H/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on November 28, 2022, in the amount of RON 45,000,000.00, due on January 30, 2023.

Today 07:17 S.N.G.N. Romgaz S.A. (SNGR)
Related Party Transactions art. 108 L 24 from 2017
https://www.investegate.co.uk/s.n.g.n.- ... 17309054H/
S.N.G.N. ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on November 28, 2022, in the amount of RON 25,050,000.00, due on February 6, 2023.

Today 07:00 Atrato Onsite Energy (ROOF)
Final Results for the period ended 30 Sept 2022
https://www.investegate.co.uk/atrato-on ... 00058531H/
NAV/share down 4.8% due to higher discount rate but paid ~3% maiden divi...
● Raised £150m in the Company's Initial Public Offering ("IPO")
●Deployed £49m into a diversified portfolio of solar photovoltaic (" PV") systems
○91% of revenue contracted under Power Purchase Agreement ("PPA") or subsidy[2]
We recently revised our deployment timeline to CY Q2 2023. We also published an increase in our selected near-term pipeline from £86m to £100m and the overall pipeline of opportunities to over £360m .

Today 07:00 Eco (Atlantic) O&G (ECO)
Results for the six months ended 30 September 2022
https://www.investegate.co.uk/eco--atla ... 00058494H/
· The Company had cash and cash equivalents of US$24.6 million and no debt (after paying US$11.3 million, being Eco's cash share of the Block 2B well) as of September 30, 2022.
· As of November 27, 2022, the Company is expected to have approximately US$ 17.5 million cash and cash equivalents at the end of November 2022, following receipt of the initial proceeds from the sale of the Kozani project in the coming days referred to below.
· The Company and its JV partners are progressing plans to conduct a two-well campaign on Block 3B/4B offshore South Africa. As previously announced by the Operator of Block 3B/4B, a collaborative farm-out process (up to 55% gross WI), has been ongoing, and is now in a farm-out agreement negotiation stage.
· Eco is witnessing considerable interest in its licences in Namibia and is currently assessing options, including a potential farm-out.
· As previously announced, Eco and its JV partners on the Orinduik Block, offshore Guyana, are currently drawing up plans to drill at least one well into light oil Cretaceous targets in the next Petroleum Agreement exploration phase which begins in 2023. Further updates will be made on this matter in due course
[off 5% - what were people expecting?]

Today 07:00 Arrow Exploration (AXL)
Record Third Quarter Results & Operational Update
https://www.investegate.co.uk/arrow-exp ... 00068520H/
o EBITDA of $4,664,345 compared to $966,234 in Q3 2021.
o Average corporate production of 1,503 boe/d compared to Q3 2021 575 boe/d and Q2 2022 980 boe/d.
· Operating netbacks quarter-over-quarter, increased to $56.75/boe in the third quarter of 2022 from $49.18/boe in the second quarter of 2022 due to higher crude oil production and better netbacks from natural gas sales.
· At the end of the quarter, positive working capital position of $7.4 million and a cash position of $11 million.
· Robust operational tempo ensures that the Company is on track to achieve 3,000 bopd within 18 months of the AIM listing (H1 2023)....
Corporate production in November 2022 to date ranges between 1,900 boe/d and 2,000 boe/d net. Total net production from the Rio Cravo field is 887 bop/d. Contribution from the workover program continues to increase Rio Cravo's production. The Pepper Field has been producing approximately 563 boe/d net, partially curtailed by the facility operator...
The Company's third quarter 2022 average corporate production was 1,503 boe/d, a 53% increase when compared to Q2 2022 average production of 980 boe/d. This increase was largely attributable to the two new wells in the Rio Crave Este field (RCE-2 and RCS-1), which were in production for most of the quarter.

Today 07:00 Wood Group (John)PLC (WG.)
Capital markets day and trading update
https://www.investegate.co.uk/wood-grou ... 00058515H/
John Wood Group PLC ('Wood' or 'the Group') is today holding a capital markets day to outline its refreshed strategy, including new medium-term targets....
Trading in the first ten months of the year was in line with our expectations and we confirm our full year guidance. We expect revenue to be between $5.2 billion and $5.5 billion, and adjusted EBITDA to be broadly around the middle of our guidance range of $370 million and $400 million. This is after the negative impact from recent exchange rate movements, which has had a c.$200 million revenue and c.$10 million EBITDA impact....
The Capital Markets Day will be held in London from 2:00pm (UK time) today and will include presentations from the Wood CEO, CFO, head of strategy and each of the divisional leaders. The event will be available online at https://cmd.woodplc.com/ with a short registration process required and will subsequently be made available to watch on demand at http://www.woodplc.com/investors
We provide solutions across decarbonisation, energy transition, and materials for a net zero world. Already, approximately 22% of our revenue today is from these solutions....
We expect adjusted EBITDA to grow at mid to high single digit CAGR over the medium term, with momentum building over time as our strategy delivers....
a return to positive free cash flow from FY24 onwards....
We will look to manage our target leverage over the medium term within a range of around 0.5 to 1.5 times net debt (excluding leases) to EBITDA (pre-IFRS 16)3, with banking covenants set at 3.5x.
We expect net debt (excluding leases) to be around $350 million to $400 million at 31 December 2022.
[down 16%, back to where they were a month ago]

Today 07:00 Hydrogen Utopia Intl (HUI)
Proposed HUI facility in Longford, Ireland
https://www.investegate.co.uk/hydrogen- ... 00068459H/
it has entered into an agreement with Fisherstown Property Holdings Limited (the "Agreement" and "FPH" respectively) in relation to the proposed lease of a 2.5 acre greenfield site in the 78-acre Logeco Logistics & Energy Park at Fisherstown in County Longford, Ireland which it now anticipates will lead to its first operational full scale waste plastic to hydrogen facility in Europe....The Longford Site has its own electrical grid connection and an electrical substation and the potential for HUI to utilise the existing waste water treatment facilities on site, which previously serviced a very large denim manufacturing business.[presumably this, closed by Dutch firm Royal Ten Cate in 1999]

Today 07:00 Jersey Oil & Gas PLC (JOG)
Licence Extension
https://www.investegate.co.uk/jersey-oi ... 00058508H/
"We are pleased that the NSTA has agreed to extend the Second Term of the Verbier Licence in order to align it with the rest of our GBA asset base. Although multiple fiscal changes have slowed progress with closing out commercial farm-out discussions, we look forward to a successful conclusion if not by the end of the year then certainly in Q1 2023."

Today 07:00 Orcadian Energy PLC (ORCA)
Memorandum of Understanding with SLB
https://www.investegate.co.uk/orcadian- ... 00048484H/
· Orcadian has entered into a binding Memorandum of Understanding (MoU) with SLB (formerly Schlumberger) to deliver core services for the wells on the Company's Pilot project....We are delighted to be working with SLB to deliver the Pilot wells. Pilot is currently planned to be developed with thirty-four wells...Pilot is a key UKCS development project which should pave the way for the industry to unlock up to 3 billion barrels of viscous oil discoveries on the UKCS....
Orcadian Energy would like to invite all interested investors to attend a Company presentation hosted by Investor Meet Company at 11am GMT on Thursday 1st December 2022.
[up 8% after a dismal 2022]

Today 07:00 Sound Energy PLC (SOU)
Micro LNG Development Progress & Project Contract
https://www.investegate.co.uk/sound-ene ... 00048470H/
The amendment to the Project Contract effects a reduction of the operating day rate of the plant by US$3,000 to a revised US$38,000 per day over its 10-year term, an approximate 7% reduction. The reduction in the operating day rate represents savings of US$1.1 million per year to the project, and US$11 million over the 10-year term....In return for the Contractor agreeing a reduction in the operating day rate under the Project Contract, the Contractor will be paid by the Concession owners (Sound Energy, 75% working interest) additional staged payments of an aggregate of US$6.5 million during the construction phase, in doing so providing the Company with the right to own the permanent on-site LNG storage tank facility once the plant is commissioned and LNG production starts....
under the "option to purchase" agreement, which we expect to agree and execute in the coming weeks, the proposed reduction of the purchase price of the facility (or operating company, as the case may be) provides a valuable opportunity for Sound Energy to access additional value upside from the micro LNG development.

Today 07:00 Woodside Energy Grp. (WDS)
2023 full-year guidance
https://www.investegate.co.uk/woodside- ... 00018510H/
Woodside's full-year 2023 production guidance is 180 - 190 million barrels of oil equivalent (MMboe)....Woodside expects approximately 20-25% of its 2023 produced LNG to be sold at prices linked to gas hub indices....Woodside's Investor Briefing Day 2022 will be held in Sydney, Australia, on Thursday, 1 December 2022, commencing at 09.30 AEDT / 06.30 AWST (16.30 CST on Wednesday, 30 November 2022).

Today 07:00 Woodside Energy Grp. (WDS)
EVP Australian Operations Resignation
https://www.investegate.co.uk/woodside- ... 00019007H/
announces the resignation of its Executive Vice President Australian Operations, Ms Fiona Hick, to pursue a career opportunity with another ASX listed company.[CEO Fortescue Metals Group]

Today 07:00 Zephyr Energy PLC (ZPHR)
Corporate Presentation
https://www.investegate.co.uk/zephyr-en ... 00088526H/
an updated corporate presentation has been uploaded to the 'Investors' section of the Company's website : https://www.zephyrplc.com/investors/

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00048481H/
They bought back 245,000 shares at 69.88p = £171,206

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00058512H/
They bought back 25,930 shares at 25.4p = £6,586

Hallucigenia
Lemon Quarter
Posts: 2685
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Re: Hal's oily roundup

#551180

Postby Hallucigenia » November 30th, 2022, 3:43 pm

Busy day south of the Falklands, with Rockhopper extending their licences for 2 years and Borders & Southern raising £2.5m at a 44% discount to progress Darwin - feels like that is not a coincidence. Tomco also do a brutal fundraising - giving away 12% of the company at 27% discount, looks like they won't be able to raise the money for their oilsands project directly but will end up giving away a majority stake in return for funding of their share of capex. Current deadline is end of the month.
Ithaca's first quarterly results since returning to the market are OK.
Zenith try to make out their results are much better than they are - they just about managed to turn a profit but margins are not what they should be.
Global will be shooting some seismic, Schlum won't exercise options left over from when they sold licences to Block.

Brent=$85.39(November)               WTI=$80.51(December,Brent-4.88)        Nymex gas=$7.14(December)
NBP =372p(December,Nymex+37.26) TTF=€147.000(January,Nymex+37.36) JKM=$30.505(January,Nymex+23.36)

Today 15:28 DCC PLC (DCC)
Total Voting Rights
https://www.investegate.co.uk/dcc-plc-- ... 28211279I/
DCC plc's total number of Ordinary Shares with voting rights is 98,745,869. The total issued share capital is 101,333,904 Ordinary Shares of €0.25 each, of which 2,588,035 are held as Treasury Shares and therefore do not carry voting rights.

Today 13:04 Tullow Oil PLC (TLW)
Total Voting Rights
https://www.investegate.co.uk/tullow-oi ... 04281128I/
As at 30 November 2022, Tullow Oil plc's issued share capital consisted of 1,439,360,061 ordinary shares (with a nominal value of 10p each) with voting rights.

Special Resolutions Passed at the EOGM
https://www.investegate.co.uk/oil-and-g ... 54190781I/
resolutions adopted by the shareholders of the Company at Extraordinary General Meeting held today i.e. November 30, 2022.
http://www.rns-pdf.londonstockexchange. ... -11-30.pdf

Today 09:02 Zenith Energy Ltd (ZEN)
Half-year Report
https://www.investegate.co.uk/zenith-en ... 02270681I/
http://www.rns-pdf.londonstockexchange. ... -11-30.pdf
· The Group generated revenues from oil and natural gas of CAD$11,571k (2021 - CAD$2,344k).
· During the six months ended September 30, 2022, the Company produced 90,591 barrels of oil from its Tunisian assets (2021 - 94,662 barrels)
· During the six months ended September 30, 2022, the Company sold 5,309 MWh of electricity produced from its Italian assets (2021 - 2,792 MWh).
· During the six months ended September 30, 2022, the Company sold 5,623 mcf of natural gas produced from its Italian assets (2021 - 4,742 mcf).
Buried in the PDF is the fact that they only made $C119k net profit, and cash is down to C$1.5m, which is a bit tight I guess, but they are owed US$5.7m by SNPC in the Congo. Gross margin is "only" 58%, it feels like it should be higher.

Today 08:49 Capricorn Energy PLC (CNE)
Replacement document includes shareholder details
https://www.investegate.co.uk/capricorn ... 49430690I/
On 28/11/2022, Palliser Capital (UK) Ltd increased from 5.11% to 6.85%.

Today 08:43 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 43250687I/
the total number of shares in the capital of the Company as at 30 November 2022 was as follows:

Today 07:00 Ithaca Energy PLC (ITH)
Q3 2022 Financial Results
https://www.investegate.co.uk/ithaca-en ... 00040008I/
Please see the full Unaudited Results in attached PDF: http://www.rns-pdf.londonstockexchange. ... -11-29.pdf
During the period, the Group completed the acquisition of assets from Marubeni Oil & Gas UK Limited in Q1 2022, Summit Exploration and Production Limited and Siccar Point Energy (Holdings) Limited ("Siccar Point Energy") in Q2 2022 adding material production, reserves and resources to the asset portfolio....
· The Group achieved production of 68.2 kboe/d, 65% liquids for the period, and averaged production of 71.3 kboe/d in Q3 2022. Management confirms the previously provided guidance ranges for currently producing assets on short-term production for Q4 2022 of 77 - 80 kboe/d and 72 - 80 kboe/d for 2023....
· The Group achieved adjusted EBITDAX of $1,438 million (Q3: $531 million) and Profit after tax of $1,392 million for the period, with unit operating expenditure maintained at approximately $19/boe.
· Adjusted profit after tax of $391 million (after excluding exceptional non-cash bargain purchase credits of $1,324 million and exceptional non-cash Energy Profit Levy deferred tax charges of $323 million).
· $100 million was repaid against the Reserves Based Lending facility during Q3 2022. In addition, $192million was redeemed against the Nordic bond acquired through the acquisition of Siccar Point Energy. This takes net debt to $1.14 billion on 30 September 2022 lowering the Group's Net Debt to Adjusted EBITDAX Ratio to 0.6x.
· At 30 September 2022, 14 million barrels of oil equivalent (71% oil) was hedged from Q4 2022 into 2024 at an average price floor of $65/bbl for oil and 174p/therm for gas.
· The introduction of the Energy Profits Levy, enacted on 11 July 2022, resulted in an exceptional material non-cash deferred tax charge in the three months ended 30 September 2022 of $189 million.
With stakes in two of the three largest undeveloped discoveries in the UK North Sea, Ithaca Energy is proud to play a pivotal role in meeting the current and future energy needs of the country.
A webcast will be held on Wednesday 30th November 2022 at 3pm GMT which can be registered for by clicking here . Listen to the call live via Ithaca Energy's website (https:// http://www.ithacaenergy.com/).
[up4%, but still 25% down on float price]

Today 07:00 Global Petroleum Ltd (GBP)
Operational Update
https://www.investegate.co.uk/global-pe ... 00019786H/
Global is pleased to announce that it has agreed with Searcher Geodata UK Ltd ("Searcher"), to sponsor an Environmental Impact Assessment ("EIA") to be managed by Searcher, ahead of a multi-client 3D seismic data survey planned by Searcher in the Walvis Basin in 2023. The area of the EIA sponsored by Global covers a large section of the Walvis Basin, extending well beyond the boundaries of Global's Licence PEL 94 (Figure 1).
As previously announced, Global is seeking a farm-in a partner to fund the further work programme in PEL 94. The current commitment is the acquisition of 2,000 sq. kms of 3D seismic data. To shoot 3D seismic would be particularly interesting in the eastern part of the block, where it is estimated there are leads with a total of over 2 billion barrels of gross best estimate (P50) prospective resources. T hese leads are currently defined by a 2D seismic data grid only.
The existing 3D seismic data coverage over the two prospects, Welwitschia Deep and Marula, has facilitated the calculation of gross best estimate (P50) prospective resources of 881 million barrels in total . Global regards Welwitschia Deep and Marula as drill ready,

Today 07:00 TomCo Energy PLC (TOM)
Placing to raise £0.925m, Update re Greenfield
https://www.investegate.co.uk/tomco-ene ... 00039997H/
gross proceeds of £925,000 through the placing of 264,285,714 new ordinary shares of no par value in the capital of the Company (the "Placing Shares") at a price of 0.35 pence per share (the "Placing"). The Placing was arranged by Novum Securities Limited ("Novum"), the Company's broker, and the Placing Shares will represent approximately 11.77 per cent. of the Company's enlarged issued share capital. The Placing price represents a discount of approximately 27 per cent. to the mid-market closing price on AIM of 0.48 pence...
As previously announced, Greenfield owns a 10% Membership Interest in TSHII with an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$16.25 million up to 31 December 2022....The Company is currently in discussions to secure a potential non-equity funding package for Greenfield, that would, inter alia, enable Greenfield to ultimately acquire the remaining 90% of the Membership Interests in TSHII and cover the currently estimated construction costs of two commercial scale oil sands separation plants...one scenario that is currently under active consideration would involve TomCo disposing of a majority stake in Greenfield to a partner(s) in return for, inter alia, certain upfront cash consideration, a continuing equity participation for TomCo in Greenfield without the requirement for further capital contributions from TomCo and the provision of a sizeable funding package to Greenfield. ...The repayment date for the remaining US$1,000,000 outstanding principal amount of the unsecured loan from Valkor Oil & Gas LLC ("Valkor") to Greenfield (the "Valkor Loan"), which was used for the acquisition of the initial 10% of the Membership Interests in TSHII, as detailed in the Company's announcement of 16 November 2021, has been further extended.

Today 07:00 Block Energy PLC (BLOE)
SLB Options
https://www.investegate.co.uk/block-ene ... 00050088I/
SLB (formerly Schlumberger), has notified the Company of its decision to not exercise its right to acquire 108 million ordinary shares in Block Energy plc. A total of 120 million options were granted in 2020, as consideration for the acquisition of the Schlumberger Rustaveli Company Limited ("SRCL"), which held Georgia's most productive license, Block XIB

Today 07:00 Borders & Southern (BOR)
£2.5 million Fundraising
https://www.investegate.co.uk/borders-- ... 00039986H/
it has raised £2.5 million, before expenses to advance studies in its 100% Darwin Gas Condensate discovery....the issue, in aggregate of 142,857,138 is new ordinary shares in the Company ("Ordinary Shares") at a price of 1.75 pence (the "Issue Price") per new Ordinary Share (the "Fundraising"). The Issue Price is an approximate 44 per cent. discount to the Company's closing price of 3.15 pence on 30 November 2022....Scoping project economics by Management suggest that a phased development project with initial production of 26,000 bbl/d from Darwin East could deliver NPV10 of $4/bbl to $10/bbl dependent on oil price (range $60 to $90 per barrel). [down 35% to 1.97p]

Today 07:00 Falcon Oil & Gas Ltd. (FOG)
Falcon Oil & Gas Ltd. - Granting of stock options
https://www.investegate.co.uk/falcon-oi ... 0000H9572/
on 29 November 2022 it granted incentive stock options (“Options”) to Tom Layman (Non-Executive Director) to purchase 2,500,000 common shares of Falcon at an exercise price of GBP£0.15 (equivalent to CDN$0.24) under the stock option plan

Today 07:00 Rockhopper Exp plc (RKH)
Extension of South Falkland Basin Licences
https://www.investegate.co.uk/rockhoppe ... 00029884H/
FIG has agreed to extend each of the Company's South Falkland Basin Production Licences, in which the Company holds a 100% interest, until 3 December 2024. The Licences were previously due to expire on 3 December 2022. There are no additional licence commitments....this extension will enable us to progress our understanding of these highly prospective licences in the south - in particular, the PL011 licence which adjoins the Borders & Southern Darwin discovery - which offer the opportunity for future regional development in the Falklands.

Today 07:00 Atrato Onsite Energy (ROOF)
Director/PDMR Shareholding
https://www.investegate.co.uk/atrato-on ... 00059920H/
MD's ?wife? buys £25k

Today 07:00 Atrato Onsite Energy (ROOF)
Director/PDMR Shareholding
https://www.investegate.co.uk/atrato-on ... 00059924H/
Founder buys £100k

Today 07:00 Diversified Energy (DEC)
Holding(s) in Company
https://www.investegate.co.uk/diversifi ... 00059715H/
On 28/11/2022, Pendal Group Limited (Sydney , Australia) increased from less than 5% to 5.025378%.

Today 07:00 Plexus Holdings Plc (POS)
Posting of Annual Report & Notice of AGM
https://www.investegate.co.uk/plexus-ho ... 00059945H/
The Company's AGM will be held at the offices of Fox Williams LLP, 10 Finsbury Square, London, EC2A 1AF on 23 December 2022 at 2.30pm. [!!]

Today 07:00 Predator O&G Hldgs (PRD)
Admission of Shares
https://www.investegate.co.uk/predator- ... 00059949H/
it had received an exercise notice from Paul Griffiths , an executive director, in respect of 7,855,486 share options and Lonny Baumgardner, an executive director, in respect of 7,855,486 share options issued to them pursuant to the Company's unapproved share option scheme

Today 07:00 Predator O&G Hldgs (PRD)
Total Voting Rights
https://www.investegate.co.uk/predator- ... 00029952H/
the Company's issued share capital consists of 383,759,189 Ordinary Shares of no par value

Today 07:00 Union Jack Oil PLC (UJO)
Total Voting Rights
https://www.investegate.co.uk/union-jac ... 00019580H/
the total issued share capital of the Company consists of 112,865,896 ordinary shares of 5 pence each ("Ordinary Shares"). The Company holds 400,000 of its Ordinary Shares in treasury.

Today 07:00 Goldman Sachs Intl ()
Stabilisation Notice
https://www.investegate.co.uk/goldman-s ... 00019771H/
stabilisation was undertaken in relation to the offer of Ithaca Energy plc (ISIN: GB00BPJHV584 ) as set out below.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00030017I/
They bought back 38,000 shares at 70.57p = £26,817

Today 07:00 Pharos Energy PLC (PHAR)
Transaction in Own Shares
https://www.investegate.co.uk/pharos-en ... 00040018I/
They bought back 24,070 shares at 25.4p = £6,114

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00019826H/
They bought back 500,000 shares at 316.8377p = £1,584,189

Yesterday 17:59 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 59529935H/
They bought back 10,579,740 shares at 492.186p = £52,071,956

Yesterday 17:40 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 4009H9530/
They bought back 35,000 shares at £24.005 = £840,186 and 35,000 shares at €27.797 = £840,664 for a total of £1,680,849

Yesterday 15:50 Mosman Oil & Gas (MSMN)
Results of Annual General Meeting
https://www.investegate.co.uk/mosman-oi ... 50419744H/
Resolutions 1 and 2 were passed by way of a show of hands with overwhelming support via proxy, and provides notice this day that Mr Andy Carroll was re-elected to the Board, and Mr Nigel Harvey was appointed as a new Director of Mosman. Resolutions 3 - 7 as disclosed in the notice of meeting were withdrawn by the Chairman prior to the commencement of the AGM, following a Board decision to formally review and consider equity-based incentive schemes in the coming year.

Yesterday 15:21 Challenger Energy (CEG)
Result of AGM
https://www.investegate.co.uk/challenge ... 21449703H/
all resolutions were passed.

Hallucigenia
Lemon Quarter
Posts: 2685
Joined: November 5th, 2016, 3:03 am
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Re: Hal's oily roundup

#551342

Postby Hallucigenia » December 1st, 2022, 8:18 am

Petrol AD going OK, turn a profit but cash is being used up.
Ascent place 10% of the company at a 5% discount to fund ongoing legal costs, lots of warrants flying round too.
Cambay continues to go OK for Synergia, but the farmin won't happen until Q1.
Zephyr start production test on 16-2-LN-CC.
SDX boot out the CEO and promote an internal CFO - messy, but maybe not surprising.
San Leon postpone deadlines again, to the end of March.
Woodies have their investor day.

Brent=$86.55(December)               WTI=$80.14(December,Brent-6.41)        Nymex gas=$6.96(December)
NBP =369.65p(December,Nymex+37.74) TTF=€158.200(January,Nymex+41.38) JKM=$33.310(January,Nymex+26.35)

Today 07:35 Genel Energy PLC (GENL)
Receipt of payments for KRI oil sales
https://www.investegate.co.uk/genel-ene ... 3537EJVRR/
all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during July 2022....Genel was owed $120 million, excluding interest, for deferred receivables from the KRG for oil sales from November 2019 to February 2020, and has now received $130 million. In addition, the override was suspended from March to December 2020, which would have earned Genel $38 million.

Today 07:32 TotalEnergies SE (TTE)
Kazakhstan: TotalEnergies Implements its Energy Transition Strategy
https://www.investegate.co.uk/totalener ... 3200Z2207/
implements its energy transition strategy in Kazakhstan with, on the one hand, the sale of its affiliate Total E&P Dunga GmbH and, on the other the giant Mirny wind farm project that received the support of the French and Kazakh authorities on the occasion of the visit in France of the President of Kazakhstan, Kassym Jomart Tokayev.
Sell 60% stake in Dunga (7.4kbpd net) to a Kaz company for $330m, commit to 1GW Mirna wind farm with 600MWh battery

Today 07:00 Ascent Resources PLC (AST)
Funding, Corporate Update & TVR
https://www.investegate.co.uk/ascent-re ... 00041736I/
it has undertaken a placing raising gross proceeds of £0.6 million, extended the maturity date of its loan and provides an update in relation to operations at its producing Slovenian gas project and ongoing partner disputes. In addition, the Company is delighted to announce the proposed appointment, subject to standard regulatory checks, of Marco Fumagalli, funding partner of Continental Investment Partners, to the Board as a Non-Executive Director....
its €500+ million damages claim against the Republic of Slovenia continues to progress. It was formally registered by the International Centre for Settlement of Investment Disputes ("ICSID") on 1 September 2022 and the Company confirms, as is published on the ICSID online case registry, that it has now appointed Mr Klaus Reichert SC as arbitrator. Mr Reichert is of German/Irish nationality. Once the other two arbitrators are appointed, the details will be published on ICSID's website and the tribunal will be constituted. The company expects that the procedural first session will take place during the first half of 2023. Further announcements will be made as required....
The PG-10 and PG-11A wells produced a total of 117,687 scm of gas in October 2022 and have produced a total of 97,154 scm of gas for the first three weeks of November 2022, with that level of production expected to continue in the short term. The Company notes that the Central Eastern Gas Hub prices remain favourable with day ahead market currently at circa €140/MWh and Q1 2023 futures at circa €134/MWh....
[9.8% post-raise, at 5% discount, plus a load of warrants to restructure the £562k of debt, partner involved in the lawsuit has at least allowed them to access some revenues to unblock a well]

Today 07:00 San Leon Energy PLC (SLE)
Further update on the proposed transactions
https://www.investegate.co.uk/san-leon- ... 00041693I/
it is now apparent to the Board of San Leon that the Proposed Transactions are unlikely to complete in the final quarter of 2022 but are instead more likely to complete during the first quarter of 2023. [so they've extended various deadlines to 31 March]
As announced by the Company on 1 November 2022, whilst the Company has a loan facility available to it of US$50.0 million from MM Capital Holding Limited for the purposes of funding its working capital requirements and financing the Further ELI Investments (as set out in the Admission Document), the Company has been discussing alternative financing with a new lender on terms that are better aligned with the Company's overall strategic and financing objectives. During November 2022 good progress has been made on agreeing full loan documentation in respect of this alternative financing facility which is expected to be concluded by mid-December 2022 and drawdown of the funds will occur immediately thereafter. The drawdown of funds will enable the Company to pay its outstanding creditors (details of which were set out in the Company's interim results announcement on 30 September 2022) and fund the Further ELI Investments (details of which are set out in the Admission Document).

Today 07:00 Synergia Energy Ltd (SYN)
Cambay PSC Update
https://www.investegate.co.uk/synergia- ... 00051761I/
Gas production from the C-77H well continued to produce on a consistent plateau with an average gas rate of 270 MCFD for the month of November. Oil production from the field (including C-77H condensate) averaged 23 BOPD for the month....An order for artificial lift equipment for the C-77H well is being placed with PCM, a world leader in progressive cavity pump (PCP) equipment. Delivery times are currently being finalised.... It is anticipated that the farm out process will continue into Q1 2023.

Today 07:00 Zephyr Energy PLC (ZPHR)
State 16-2 LN-CC well - Production test commenced
https://www.investegate.co.uk/zephyr-en ... 00051908I/
following the completion of facilities construction and commissioning operations, the next phase of production testing has commenced on the State 16-2 LN-CC well....Further updates from the production test are expected to be provided as appropriate in the coming weeks.

Today 07:00 Touchstone Explrtn. (TXP)
EMPLOYEE SHARE PURCHASE PLAN
https://www.investegate.co.uk/touchston ... 00062283I/
announces the following purchases under its Employee Share Purchase Plan.

Today 07:00 Woodside Energy Grp. (WDS)
Investor Briefing Day 2022
https://www.investegate.co.uk/woodside- ... 00021760I/
A copy of the transcript of the Investor Briefing Day will also be submitted to the National Storage Mechanism and will be available for inspection at the web address set out above following the conclusion of the Investor Briefing Day.
The Investor Briefing Day presentation can also be accessed at: https://www.woodside.com/investors/inve ... ouncements.
A webcast recording and transcript of the Investor Briefing Day will be made available on Woodside's website and can be accessed at: https://www.woodside.com/investors/inve ... ouncements.

Today 07:00 SDX Energy PLC (SDX)
Directorate Changes
https://www.investegate.co.uk/sdx-energ ... 00061759I/
announces the appointment of Jay Bhattacherjee as Interim Executive Chairman and Daan Hanssen, currently Group Financial Controller, as Interim CFO both with immediate effect....Mark Reid, currently CEO, will be leaving the Company with immediate effect.

Today 07:00 Southern Energy Corp (SOUC)
VOTING RIGHTS AND DIRECTOR EXERCISE OF WARRANTS
https://www.investegate.co.uk/southern- ... 00041646I/
As at 30 November 2022, Southern had 137,994,410 Common Shares in issue.

Today 07:00 Atrato Onsite Energy (ROOF)
Director/PDMR Shareholding
https://www.investegate.co.uk/atrato-on ... 00061564I/
More director buying, £100k

Today 07:00 Petrofac Limited (PFC)
HOL-Holding(s) in Company*
https://www.investegate.co.uk/petrofac- ... 0017EUCMR/
On 29/11/2022, Pendal Group Limited (Sydney, Australia) via J O Hambro Capital Management Limited increased from n/a to 5.004899%

Today 07:00 Igas Energy PLC (IGAS)
Total Voting Rights
https://www.investegate.co.uk/igas-ener ... 00041717I/
the issued share capital is 126,731,529 ; the number of deferred shares are 303,305,534. [jeez]

Today 07:00 Invinity Energy Sys (IES)
Total Voting Rights
https://www.investegate.co.uk/invinity- ... 00041676I/
it has issued 87,678 Ordinary Shares of €0.01 each (the "New Ordinary Shares") pursuant to the exercise of options under the Company's Employee Share Option Plan.

Today 07:00 Pharos Energy PLC (PHAR)
Total Voting Rights
https://www.investegate.co.uk/pharos-en ... 00051778I/
As at 30 November 2022, the Company's issued share capital consisted of 441,995,126 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury.

Today 07:00 Rockhopper Exp plc (RKH)
Total Voting Rights
https://www.investegate.co.uk/rockhoppe ... 00021267I/
it has issued a total of 20,599 Ordinary Shares of 1 pence each (the "Shares") pursuant to the exercise of warrants which were issued as part of the capital raising in June 2022. The Shares were issued on 3 and 17 November 2022 under the Company's existing block listing entitlement.

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00021773I/
They bought back 100,000 shares at 70.5p = £70,500

Yesterday 18:21 Trinity Exploration (TRIN)
Total Voting Rights
https://www.investegate.co.uk/trinity-e ... 21501652I/
the Company has 39,884,637 Ordinary Shares of USD 0.01 each in issue, with 872,000 Ordinary Shares of USD 0.01 each held in treasury. T herefore the total voting rights in the Company is 39,012,637.

Yesterday 18:00 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 00011500I/
They bought back 500,000 shares at 319.3608p = £1,596,804

Yesterday 17:58 Shell plc (SHEL)
Voting Rights and Capital
https://www.investegate.co.uk/shell-plc ... 5826H9813/
Shell plc's capital as at November 30, 2022, consists of 7,057,781,012 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury.

Yesterday 17:53 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 53011609I/
They bought back 10,311,895 shares at 499.001p = £51,456,501

Yesterday 17:51 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5142H9809/
They bought back 12,889 shares at £24.197 = £311,878 and 762,872 shares at €28.077 = £18,505,781 for a total of £18,817,658

Yesterday 17:24 Petrol AD (74JJ)
3rd Quarter Results
https://www.investegate.co.uk/petrol-ad ... 24571555I/
Revenues up 54%, turned a BGN7.4m (£3.24m) pretax profit from a small loss last time, but cash is down.

Yesterday 17:00 Baron Oil PLC (BOIL)
Total Voting Rights
https://www.investegate.co.uk/baron-oil ... 00010764I/
The total number of Ordinary Shares and voting rights in the Company is therefore 18,920,260,428.

Yesterday 17:00 Jadestone Energy PLC (JSE)
Total Voting Rights
https://www.investegate.co.uk/jadestone ... 00010852I/
its capital consisted of 451,100,724 ordinary shares of £0.001 each, and each with voting rights. The Company does not hold any ordinary shares in treasury.

Yesterday 16:56 ThomasLloyd Energy ()
Total Voting Rights
https://www.investegate.co.uk/thomasllo ... 56151405I/
as at 30 November 2022, the Company's issued share capital consisted of 175,684,705 Ordinary Shares.

Yesterday 16:35 BP PLC (BP.)
Price Monitoring Extension
https://www.investegate.co.uk/bp-plc--b ... 35381432I/
https://uk.finance.yahoo.com/quote/BP.L/chart
Up 1.11% - but a PME for BP?!?!

Yesterday 16:35 Indus Gas Limited (INDI)
Price Monitoring Extension
https://www.investegate.co.uk/indus-gas ... 35521435I/
https://uk.finance.yahoo.com/quote/INDI.L/chart
On the day it's been in the usual range.

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#551623

Postby Hallucigenia » December 2nd, 2022, 2:24 am

Rest of Thursday :
Invinity's long-suffering shareholders finally have something to smile about as they're up 50% after actually selling some vanadium flow batteries. Indus extend their 8% 2022 notes by five years at the same interest rate, and take an extra $10m whilst they're about it. Curzon's exclusivity deal with Poseidon has expired and it looks like they're now looking for another reverse takeover deal. Predator release a flurry of RNS's to keep up with their exec chairman's trading activities.

Yesterday 18:09 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 09443392I/
They bought back 696,382 shares at 318.4p = £2,217,280

Yesterday 17:53 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5350H0033/
They bought back 599,932 shares at £23.922 = £14,351,333 and 2,000,000 shares at €27.931 = £47,984,813 for a total of £62,336,146

Yesterday 17:15 Atrato Onsite Energy (ROOF)
Holding(s) in Company
https://www.investegate.co.uk/atrato-on ... 15053389I/
On 01-Dec-2022, Connor Broadley Limited increased from 1.88% to 1.911%.

Yesterday 17:05 BP PLC (BP.)
Director Declaration
https://www.investegate.co.uk/bp-plc--b ... 05033334I/
Amanda Blanc, Independent Non-Executive Director, will become a member of the People & Governance Committee and the Remuneration Committee, effective 1 January 2023.

Yesterday 17:00 BP PLC (BP.)
Directorate Change
https://www.investegate.co.uk/bp-plc--b ... 00063324I/
appointment to its board of Hina Nagarajan as a non-executive director. Her appointment will take effect from 1 March 2023. Ms Nagarajan has been the Managing Director and Chief Executive Officer of United Spirits Limited (Diageo plc's listed Indian subsidiary)

Yesterday 16:36 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 36553297I/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's soared +48.5% having touched -100%. Over the last 2 weeks it's jumped +45.4% having touched -100%.

Yesterday 15:30 Energean PLC (ENOG)
Energean Israel 3Q 2022 Accounts
https://www.investegate.co.uk/energean- ... 30053141I/
Loss of $4.6m (was $9.8m) before exceptionals.

Yesterday 15:00 Chariot Limited (CHAR)
Block Admission Return
https://www.investegate.co.uk/chariot-l ... 00042644I/
Long Term Incentive Share Scheme

Yesterday 14:00 Invinity Energy Sys (IES)
Price Monitoring Extension
https://www.investegate.co.uk/invinity- ... 00443087I/
https://uk.finance.yahoo.com/quote/IES.L/chart
On the day it's soared +48.5%. Over the last 2 weeks it's jumped +45.4%.

Yesterday 13:10 Indus Gas Limited (INDI)
Result of Debt Refinancing
https://www.investegate.co.uk/indus-gas ... 10053044I/
RESULT OF EXCHANGE OFFER FOR US$150,000,000 8% SENIOR UNSECURED NOTES DUE DECEMBER 2022 (ISIN: XS1734080648 ) ...100% of the total aggregate principal amount of the outstanding Existing Notes, have been validly tendered for exchange for the US$ denominated 8.00% Senior Unsecured Notes due 2027 (the "New Notes") in the aggregate principal amount of US$150,000,000 and accepted pursuant to the Exchange Offer.
In addition, the Company also conducted a concurrent offering to issue and sell additional New Notes for US$10,000,000 (" Concurrent New Money Issuance ") and together with the Exchange Offer, the New Notes aggregate US$160,000,000.

Yesterday 13:01 PAO Novatek (NVTK)
Director/PDMR Shareholding
https://www.investegate.co.uk/pao-novat ... 01593041I/
person closely associated with Andrey Akimov sells £1m

Yesterday 12:51 Curzon Energy plc (CZN)
Corporate Update
https://www.investegate.co.uk/curzon-en ... 51373022I/
Currently, Curzon is pursuing a strategy of identifying and agreeing terms for a potential reverse takeover of the business while simultaneously exploring options in the oil and gas space associated with the Company's historic Coos Bay coal bed methane project in Coos Bay, Oregon, USA.
As most recently announced in the Company's Interim Results on 26 September 2022, Curzon and Poseidon Enhanced Technologies ("PET") continue discussions regarding a potential RTO of PET by Curzon. PET's formal exclusivity rights with Curzon have however expired allowing the Company to explore additional RTO opportunities and transactions.
At Coos Bay, the Company continues dialogue with the two main leaseholders regarding a potential renewal of the primary Coos Bay leases and will update the market on progress on these efforts as appropriate. The Company's Coos Bay gas assets were impaired in full in the 2019 annual accounts.

Yesterday 12:28 BP PLC (BP.)
Total Voting Rights
https://www.investegate.co.uk/bp-plc--b ... 28272923I/
The number of ordinary shares held in treasury by BP p.l.c. is 1,028,866,811.

Yesterday 12:00 Genel Energy PLC (GENL)
Total Voting Rights
https://www.investegate.co.uk/genel-ene ... 0005EPPFE/
Genel Energy plc’s share capital consists of 278,802,863 ordinary shares of £0.10p each in issue plus ordinary shares held in treasury of 1,445,335.

Yesterday 11:48 Bowleven plc (BLVN)
RESULT OF ANNUAL GENERAL MEETING
https://www.investegate.co.uk/bowleven- ... 48542834I/
All of the six resolutions were passed. Details of the voting in respect of each resolution are outlined in the table below. [98%+]

Yesterday 11:14 Invinity Energy Sys (IES)
15 MWh Taiwan Sale, 255 MWh Follow-on Potential
https://www.investegate.co.uk/invinity- ... 14082713I/
it has today signed a reseller agreement with Everdura Technology Company ("Everdura"), an industrial technology company based in Taiwan. Within the framework of the agreement, Everdura has signed an initial purchase order totalling 15 MWh of vanadium flow batteries from Invinity (the "Initial Order"). Additionally, the agreement includes the ability for Everdura to purchase a further 255 MWh of Invinity products for the purpose of fulfilling follow-on orders over the next three years. [up 53%]

Yesterday 11:14 Predator O&G Hldgs (PRD)
Notification of Major Holdings
https://www.investegate.co.uk/predator- ... 14222610I/
On 30 November 2022, Paul Stanard Griffiths (exec chairman) increased from 10.964% to 12.493%

Yesterday 11:14 Predator O&G Hldgs (PRD)
Notification of Major Holdings
https://www.investegate.co.uk/predator- ... 14262617I/
On 30 November 2022, Paul Stanard Griffiths reduces from 12.493% to 10.446%

Yesterday 11:01 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 01022687I/
Executive chairman "acquires" shares at 2.8p and 5p, same number that get sold at 8p below.

Yesterday 11:00 Baron Oil PLC (BOIL)
Price Monitoring Extension
https://www.investegate.co.uk/baron-oil ... 00452692I/
https://uk.finance.yahoo.com/quote/BOIL.L/chart
On the day it's ended in the usual range up 4.2%

Yesterday 11:00 Harbour Energy PLC (HBR)
Total Voting Rights
https://www.investegate.co.uk/harbour-e ... 00042454I/
issued share capital consisted of 856,596,015 Ordinary Shares of 0.002 pence with voting rights.

Yesterday 10:57 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 57592681I/
Executive chairman exercises £630k of options at 8p...

Yesterday 10:55 Predator O&G Hldgs (PRD)
PDMR Notifications
https://www.investegate.co.uk/predator- ... 55422672I/
and sells them

Yesterday 10:00 Harbour Energy PLC (HBR)
Holding(s) in Company
https://www.investegate.co.uk/harbour-e ... 00042449I/
On 29-Nov-2022, Bank of America Corporation increased from 12.578% to 13.201%.

Yesterday 09:06 UK Oil & Gas PLC (UKOG)
Director Share Purchase
https://www.investegate.co.uk/uk-oil--- ... 06362438I/
CEO buys £1k

Hallucigenia
Lemon Quarter
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Re: Hal's oily roundup

#551733

Postby Hallucigenia » December 2nd, 2022, 1:23 pm

The real news was yesterday with Invinity selling some batteries and Curzon apparently giving up on their Poseidon deal (see previous post). Not much today - Echo complete their restructuring that gives bondholders 2/3 of the company.
Zenith distract attention from a delay to first gas at Sant'Andrea with news of two more small projects in Italy with paybacks of 6 and 15 months.
Egdon postpone their AGM due to rail strikes.

Brent=$87.64(December)               WTI=$81.94(December,Brent-5.70)        Nymex gas=$6.69(December)
NBP =336p(December,Nymex+34.52) TTF=€134.465(January,Nymex+34.84) JKM=$33.780(January,Nymex+27.09)

Today 11:40 Igas Energy PLC (IGAS)
Holding(s) in Company
https://www.investegate.co.uk/igas-ener ... 40444617I/
On 01-Dec-2022, ODEY ASSET MANAGEMENT LLP reduced from 7.01% to 6.83%.

Today 11:07 Zenith Energy Ltd (ZEN)
Development of Italian Gas Production Portfolio
https://www.investegate.co.uk/zenith-en ... 07334534I/
is pleased to announce its plans to reactivate certain natural gas production concessions within its Italian portfolio.
· Initial production at the Masseria Grottavecchia Concession ("MGC") is expected to be approximately 5,000-10,000 cubic metres of natural gas per day, with expected monthly production revenues of between approximately EUR 40,000 - EUR 80,000. [but needs a €900k treatment plant]
· At the San Teodoro Concession ("STC"), Zenith intends to re-complete the San Teodoro 1 Dir A ("ST-1D") well, to achieve commercial production from two previously identified gas bearing formations. If successful, production of up to 10,000 cubic meters of natural gas is expected, with revenues of approximately EUR 100,000 per month depending on production.[needs €600k recompletion]
· Production at the Sant'Andrea concession is now expected to commence during Q1 of 2023 [Italian bureaucracy has delayed it]

Today 10:14 Egdon Resources PLC (EDR)
Postponement of AGM to 17 January 2023
https://www.investegate.co.uk/egdon-res ... 14544406I/
the Annual General Meeting ("AGM") of the Company scheduled to be held on Tuesday 13 December 2022 at 11.30 a.m. is to be postponed and will now be held on Tuesday 17 January 2023 at 11.30 a.m. at the offices of Norton Rose Fulbright, 3 More London Riverside, London SE1 2AQ, United Kingdom.
[due to rail strikes, their head office is Reading]

Today 09:38 i3 Energy PLC (I3E)
Holding(s) in Company
https://www.investegate.co.uk/i3-energy ... 38594322I/
On 30-Nov-2022, Polus Capital Management Limited increased from 23.004% to 24.064% and adjusted their shares vs other formats.

Today 09:26 Block Energy PLC (BLOE)
Issue of Options and Shares and PDMR Dealing
https://www.investegate.co.uk/block-ene ... 26244230I/
On 1 December 2022, the Company granted nil-cost options over a total of 1,972,236 ordinary shares of 0.25p each ("Options") to directors and employees. The Options were granted in lieu of cash payment for 40% of salaries and up to 50% of directors' fees

Today 08:36 Mosman Oil & Gas (MSMN)
Director Holdings
https://www.investegate.co.uk/mosman-oi ... 36394183I/
following the passing of the requisite resolution at the Company's Annual General Meeting held on 29 November 2022, Mr Nigel Harvey has commenced his role as a Non-Executive Director of Mosman. [but cocked up his holding announcement]

Today 08:25 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 25104177I/
On 29-Nov-2022, The Goldman Sachs Group, Inc. reduced from 14.145% to 11.014% and adjusted their shares vs other formats.

Today 07:06 Global Petroleum Ltd (GBP)
Results of Annual General Meeting
https://www.investegate.co.uk/global-pe ... 06124101I/
van de Welle reelected by >99%

Today 07:00 Echo Energy PLC (ECHO)
Debt Restructuring Completion & Issue of Equity
https://www.investegate.co.uk/echo-ener ... 00103533I/
in respect of completion of the restructuring of the Company's Luxembourg listed EUR 20.0m 8.0% secured notes (the "Notes") and the Company's 5.0 million 8.0% secured convertible debt facility (the "Facility"), it has today made application for 3,570,766,386 new ordinary shares [64.6% of diluted capital. Now just do a 1000:1 consolidation and you'll have a sensible shareprice of 240p]

Today 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00053535I/
They bought back 10,111,541 shares at 490.416p = £49,588,581

Today 07:00 Vaalco Energy Inc (EGY)
Transaction in own shares
https://www.investegate.co.uk/vaalco-en ... 00114081I/
~$1.5m

Today 07:00 Jadestone Energy PLC (JSE)
Transaction in Own Shares
https://www.investegate.co.uk/jadestone ... 00113581I/
They bought back 185,000 shares at 70.27p = £130,000


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