So Monday to Wednesday this week. I've got some other stuff to do, I might get Thurs/Fri done tonight, we'll see.
Pantheon promising ever more OIP, Deltic has a solid pipeline of North Sea exploration coming up although the market doesn't like it presumably because it's not happening RIGHT NOW, Lekoil correct a libellous typo, Ascent have a problem with Slovenia banning fraccing, Sproule do a better job than Gaffney Cline at putting numbers into a CPR for Zephyr and coming up with the Right Answers, Vaalco have a cracking well result in Gabon, DEC make another $50m acquisition, Egdon make a basic maths error in the headlines of their interims, Rockhopper's 5 years of litigation in Italy is approaching a result, Empyrean has a duster at Jade, Tlou continues steady progress, the failure of Arden's new owners to be approved as Nomads mean their companies are rushing to find a replacement (and I suspect it was the due diligence by a replacement that found that they'd miscounted the number of shares for Arrow's IPO), Total buys a pipeline of 4GW of solar in the US, Russian ADRs are now banned, Clontarf dilute existing holders by 160% without a specific project in sight and BP announce the sale of their 5% of Serica.
Wednesday 16:42 Jefferies Int Ltd. ()
Proposed Secondary Placing In Serica Energy plc
https://www.investegate.co.uk/jefferies ... 42155892J/BP Exploration Operating Company Limited ("BP Exploration") announces its intention to sell up to 13,500,000 ordinary shares in the share capital of the Company (the "OfferShares") through a placing to institutional investors (the "Placing"). The Offer Shares represent approximately 5.0% of the Company's issued ordinary share capital and constitutes BP Exploration's entire shareholding in Serica Energy as at the date hereof. Serica Energy will not receive any proceeds from the sale.
Wednesday 16:36 Arrow Exploration (AXL)
Holding(s) in Company
https://www.investegate.co.uk/arrow-exp ... 36055872J/On 19-Apr-2022, Spreadex LTD reduced from 4.692% to 3.478%.
Wednesday 16:35 Block Energy PLC (BLOE)
Price Monitoring Extension
https://www.investegate.co.uk/block-ene ... 35425880J/https://uk.finance.yahoo.com/quote/BLOE.L/chartOn the day it's jumped +15.4% with a spike to +21%. Over the last 2 weeks it's up +25%.
Wednesday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35355879J/https://uk.finance.yahoo.com/quote/NOG.L/chartOn the day it's dropped -20.9%. Over the last 2 weeks it's dropped -30.7% having touched -31%.
Wednesday 16:15 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 15235842J/On 26-Apr-2022, BlackRock, Inc. reduced from 8.65% to 8.28%.
Wednesday 16:12 Serica Energy PLC (SQZ)
Retirement of Non-Executive Director
https://www.investegate.co.uk/serica-en ... 12445839J/ announces the retirement from the Board of Directors of Ian Vann, Non-Executive Director with effect from 30 April 2022. Mr Vann joined the Board as a Non-Executive Director in July 2007.
[BP lifer who ended up as head of E&P and took the Serica non-exec job after retiring from BP. Fits with BP selling their stake.]
Wednesday 16:00 Energean PLC (ENOG)
Directorate Change
https://www.investegate.co.uk/energean- ... 00085821J/Robert Peck has informed the Board that he will not offer himself for re-election as a Director at the Company's upcoming Annual General Meeting ("AGM") and will subsequently retire from the Board at the close of that meeting.
[Not that Bob Peck, this one was Canadian ambassador to Greece & Cyprus, no doubt had a valuable contact book in the eastern Med]
Wednesday 15:00 Energean PLC (ENOG)
Annual Financial Report
https://www.investegate.co.uk/energean- ... 00095740J/today published its Annual Report and Accounts for the year ended 31 December 2021. The full report is available for download on the Company's website at
www.energean.com Wednesday 14:16 Angus Energy PLC (ANGS)
Update on Brockham Oil Field
https://www.investegate.co.uk/angus-ene ... 16535739J/the Planning Committee of Surrey County Council today passed a resolution to approve the Company's plan to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z subject only to a unilateral undertaking to secure a routing agreement on HGV movements....We expect to update the market on existing production from BRX2-Y now supported by water injection in the coming fortnight.
Wednesday 14:01 Angus Energy PLC (ANGS)
Price Monitoring Extension
https://www.investegate.co.uk/angus-ene ... 01045720J/https://uk.finance.yahoo.com/quote/ANGS.L/chartOn the day it's up +6.2% with a spike to +14%. Over the last 2 weeks it's up +20%.
Wednesday 14:01 Deltic Energy PLC (DELT)
Price Monitoring Extension
https://www.investegate.co.uk/deltic-en ... 01095722J/https://uk.finance.yahoo.com/quote/DELT.L/chartOn the day it's dropped -10.9% having touched -16%. Over the last 2 weeks it's dropped -25.7% having touched -30%.
Wednesday 13:02 Clontarf Energy PLC (CLON)
Placing to raise £3,500,000
https://www.investegate.co.uk/clontarf- ... 02075670J/The Directors of Clontarf (AIM: CLON) are pleased to announce that the Company has raised £3,500,000 (before expenses) via the placing of 1,400,000,000 ordinary shares (the "Placing Shares") with new investors, via several Australian based brokers, at a price of 0.25p per Placing Share (the "Placing"). The Placing Shares represent approximately 61.65% of the Company's issued share capital as enlarged by the Placing...The net proceeds of the Placing will fund costs associated with the Company's existing assets and will also provide the Company with additional working capital, as the Company's board continues to assess new projects. In this regard, the Company has been evaluating a number of different projects across various jurisdictions, in particular advanced gas exploration prospects in Australia.
Wednesday 12:28 PJSC Tatneft (ATAD)
Notice to ADR Holders
https://www.investegate.co.uk/pjsc-tatn ... 28185622J/today, 27 April 2022, Article 6 of the Federal Law No. 114-FZ "On amendments to the Federal Law "On Joint Stock Companies" and Article 5 of the Federal Law "On auditing activities" ("Article 6 of the Law 114-FZ"), which prohibits placement or (and) circulation outside of the Russian Federation of Russian issuers' shares by way of placement pursuant to foreign law of securities of foreign issuers representing the rights with respect to such Russian issuers' shares (i.e. depositary receipts), came into effect.
As of effective day of Article 6 of the Law 114-FZ, unless the Company obtains a permission pursuant to a special procedure established by the Russian Government Resolution No. 672 dated 16 April 2022, any circulation of the Company's American Depositary Receipts, each representing 6 ordinary shares of the Company, ISIN US876629205 (the "ADRs"), shall stop, no ordinary shares of the Company shall be permitted to be deposited for the issuance of respective ADRs, and the ordinary shares already deposited with respect to outstanding ADRs shall no longer carry voting rights, shall not be counted towards any voting at the Company's shareholders' meetings, and no dividends shall be paid on such ordinary shares (but accrued and, subject to any other limitations in effect, shall be paid following the cancellation of respective ADRs and their conversion into the ordinary shares).
Wednesday 09:55 Lamprell plc (LAM)
Update to release date of 2021 financial results
https://www.investegate.co.uk/lamprell- ... 55425304J/In accordance with the temporary forbearance granted by the Financial Conduct Authority (FCA), the Group expects to publish its audited report and accounts for the year ended 31 December 2021 by no later than 30 June 2022. As previously announced, the Group continues to progress a number of potential financing and strategic options, including asset monetisation, project-specific financing, hybrid facilities and/or additional equity, with a view to finalising these options in Q2 2022.
Wednesday 09:47 China Pet &Chem Corp (SNP)
1st Quarter Results
https://www.investegate.co.uk/china-pet ... 47515299J/Weird seeing balance sheet first, then P&L, then the talky bit. Eps up 24.7%,
In the first quarter, the Company's oil and gas production reached 121.41 million barrels of oil equivalent, up by 3.7% year on year, with natural gas production reaching 313.94 billion cubic feet, up by 7.7% year on year. The exploration and production segment realised an earnings before interest and tax (EBIT) of RMB 11.463 billion, up by 273.1% year on year.
Wednesday 07:34 TotalEnergies SE (TTE)
United States: TotalEnergies Adds 4 GW to its Renewable Energy Portfolio with the Acquisition of Core Solar
https://www.investegate.co.uk/totalener ... 3400Z5601/further expanding its presence in the U.S. renewable energy industry by acquiring Austin-based Core Solar, LLC whose portfolio includes more than 4 GW of utility-scale solar and energy storage projects at various stages of development across several U.S. states1 and power markets. Core Solar’s CEO Greg Nelson and his employees will join TotalEnergies’ teams.
Wednesday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10055028J/863,821 at 196.21p
Wednesday 07:00 Angus Energy PLC (ANGS)
Update on Installation Schedule at Saltfleetby
https://www.investegate.co.uk/angus-ene ... 00074344J/Delivery and installation dates remain substantially unchanged with the bulk of the last skids arriving shortly after the bank holiday weekend, although it is possible that the Joule Thomson skid could be delayed to the following week as a consequence of a potential delay in the delivery of an accessory. All earlier packages, referred to in our RNS of 8 April 2022 are now being tied in....
Wet commissioning is expected to begin at or around 18 May and we are pleased to be assisted in this by an experienced team led by OSL and Inspec. We continue to aim for a short wet commissioning programme and a target date of First Gas of 1 June. This would allow for one full month of production at current high spot prices before the Company's obligations to deliver volumes at the hedge price commence at the end of June.
Wednesday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00054448J/5,800,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme
Wednesday 07:00 Challenger Energy (CEG)
Q1 2022 Update
https://www.investegate.co.uk/challenge ... 00114520J/ current level of production is approximately 12% higher than the overall daily average for Q1 2022....The prices realised by the Company are at an approximately 10% discount to the quoted WTI prices. The Company does not currently use any hedging instruments in relation to its oil sales...The improved operating and financial performance of the Company's Trinidad and Tobago operations during Q1 2022 was achieved despite a number of material disruptions to operations and production caused by grid power supply issues. This included an extended nationwide grid outage in February 2022 that caused production facilities and well pumps to go offline for an extended time.
Wednesday 07:00 Canadian O'Seas Petr (COPL)
Appointment of Non-Executive Director
https://www.investegate.co.uk/canadian- ... 00124433J/is pleased to announce the appointment of Mr. Robert J. Chenery as Independent Non-Executive Director effective April 1, 2022. Mr. Chenery has worked in the petroleum and natural gas industry for more than 50 years. Since 1981, Mr. Chenery has been President of Chenery Dobson Resource Management Ltd, a firm specializing in the evaluation and management of oil and gas assets primarily controlled by investors, banks, and other financial institutions. In addition, on behalf of some of the same clients, Mr. Chenery has been the CEO and/or Chairman of the board of several small oil and gas enterprises. Prior to 1981, Mr. Chenery was a member of the senior management team of the Elf/Aquitaine Group in Canada.
Wednesday 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00124354J/On 25/04/2022, GLG Partners LP increased from 5.094154% to 5.525165%.
Wednesday 07:00 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 00094486J/of gross $43.5 million ($34.1 million net) for Shaikan crude oil sales during January 2022 and gross $10.7 million ($8.3 million net) in relation to the arrears from the outstanding January 2020 to February 2020 a gross payment of $53.2 million ($41.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $43.5 million ($34.1 million net) for Shaikan crude oil sales during January 2022 and gross $10.7 million ($8.3 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices. Following receipt of the arrears payment, the current outstanding arrears balance is $8.4 million net to GKP.
Wednesday 07:00 GETECH Group plc (GTC)
Groundworks commence at Inverness site
https://www.investegate.co.uk/getech-gr ... 00104475J/is pleased to announce the commencement of demolition works at the former SGN Commercial Services ("SGN") gas holder site in Inverness. Demolition and clearance of the site is being undertaken by SGN, and is expected to take 12 weeks. Following completion of this work, Getech will begin the development of its planned green hydrogen facilities, subject to necessary approvals.
Wednesday 07:00 i3 Energy PLC (I3E)
Electronic Communication
https://www.investegate.co.uk/i3-energy ... 00114508J/is writing to all registered shareholders regarding its intention to adopt electronic communication methods for shareholder documents....A letter setting out the options available to shareholders, is being sent to shareholders on the register as at 22 April 2022. Shareholders wishing to continue to receive shareholder documents in hard copy form will need to notify the Company's registrar, Link Group, by no later than 23 May 2022, by following instructions as detailed in the letter.
Wednesday 07:00 Indus Gas Limited (INDI)
Appointment of Nominated Adviser
https://www.investegate.co.uk/indus-gas ... 00124400J/Arden Partners plc will continue to act as Broker to the Company. Further to the announcements by Arden Partners plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover [by Ince Group], the Company has appointed Strand Hanson Limited as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners plc, the London Stock Exchange plc has agreed that subject to initial due diligence being undertaken, Strand Hanson Limited has until 5pm on 27 July 2022 to complete its full due diligence.
Wednesday 07:00 Jadestone Energy PLC (JSE)
Confirmation of departure date for CFO
https://www.investegate.co.uk/jadestone ... 00125022J/As announced on 23 December 2021, Dan Young decided, after more than 20 years overseas, to repatriate with his family back to Australia. He will step down from his position as CFO and as a Director of the Company on 29 April 2022.
Wednesday 07:00 Oil and Gas Devt Co (OGDC)
Appointment of director
https://www.investegate.co.uk/oil-and-g ... 00075020J/It is informed that Mr. Abdul Aziz Uqaili, Chief Secretary Balochistan has been appointed on the Board of Directors of the Company w. e. f. April 26, 2022 in place of Mr. Mathar Niaz Rana, former Chief Secretary Balochistan.
Wednesday 07:00 Serinus Energy PLC (SENX)
Appointment of Nominated Adviser
https://www.investegate.co.uk/serinus-e ... 00124519J/announces that Shore Capital and Corporate Limited ("Shore Capital") has been appointed as nominated adviser with immediate effect. Shore Capital Stockbrokers Limited and Arden Partners Plc will remain joint brokers. Further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has appointed Shore Capital as its nominated adviser. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, Shore Capital has until 5pm on 27 July 2022 to complete its full due diligence.
Wednesday 07:00 Tlou Energy Ltd (TLOU)
Operational Report - Quarter ended 31 March 2022
https://www.investegate.co.uk/tlou-ener ... 00104503J/Ø Transmission line construction contractors and owners' engineers engaged
Ø Lesedi 3 production well successfully brought back online and producing gas
Ø Generation licence granted for the 10MW Lesedi Gas-to-Power project
Ø US$ 5m received from long-term supporter Botswana Public Officers Pension Fund
Ø Strong cash position of A$ 8.67m (unaudited) at the end of the quarter
Prior to the workover average daily production was approximately 56 Mcf (~10 BOE). These wells are dewatering in isolation and gas flow rates are expected to continue to increase, potentially significantly, when part of a full field development. The Company plans further production and exploration drilling in due course aimed at expanding gas production and to increase gas reserves further. Tlou's current 2P gas reserves stand at approximately 41 billion cubic feet (~7.2m BOE).
Wednesday 07:00 Empyrean Energy PLC (EME)
Jade well reached Total Depth
https://www.investegate.co.uk/empyrean- ... 00135030J/· LH 17-2-1 well at the Jade prospect reached final total depth of 2849 metres Measured Depth ("MD") in Pre-Tertiary granitic formation
· The interpretation from logging while drilling (LWD) and mud logging equipment has indicated no oil pay in the target reservoir
· Current operations are running final logs before commencing demobilisation of the NH 9 rig
Tuesday 22:05 Gran Tierra Energy, Inc. (GTE)
Gran Tierra Energy Inc. Provides Release Date for its 2022 First Quarter Results and Details of Annual Meeting of Stockholders
https://www.investegate.co.uk/gran-tier ... 0500H9579/the Company will release its 2022 first quarter financial and operating results on Tuesday May 3, 2022, post-market, and provides the following information regarding the Company’s Annual Meeting of Stockholders. Gran Tierra’s 2022 Annual Meeting of Stockholders will be held on Wednesday, May 4, 2022 at 11:00 a.m. (Mountain Time).
Tuesday 16:36 Diversified Energy (DEC)
Results of Annual General Meeting
https://www.investegate.co.uk/diversifi ... 36524234J/Diversified Energy Company PLC (LSE: DEC) is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meetings held earlier today were duly passed.
Tuesday 16:21 Petrofac Limited (PFC)
Board update
https://www.investegate.co.uk/petrofac- ... 2135ERYJV/Non-executive Director Ayman Asfari has informed the Board that he has received formal written confirmation from the UK Serious Fraud Office (SFO) that he is no longer a suspect in its investigation.
Tuesday 16:00 Harbour Energy PLC (HBR)
Director/PDMR Shareholding
https://www.investegate.co.uk/harbour-e ... 00044123J/On 22 April 2022 shares in certain EIG-managed entities were issued to Steve Farris, Non-Executive Director of the Company, pursuant to a contractual agreement between Steve and such EIG-managed entities (the "Issuance").
Tuesday 12:39 Rockhopper Exp plc (RKH)
Ombrina Mare Arbitration Update
https://www.investegate.co.uk/rockhoppe ... 39114001J/it has been informed that the proceedings related to the Ombrina Mare Arbitration were declared closed in accordance with Rule 38(1) of the ICSID Arbitration Rules on 25 April 2022.
[this is the legal tussle that's been dragging on for over 5 years after Italy banned new E&P inside the 12-mile limit, let's see what result is announced]
Tuesday 12:33 Egdon Resources PLC (EDR)
Replacement - Interim Results
https://www.investegate.co.uk/egdon-res ... 33573974J/The following amendments have been made to the 'Interim Results for the Six Months Ended 31 January 2022' announcement released on 26 April 2022 at 7:00am :
'Production during the period increased by 116% to 36,714 barrels of oil equivalent ("boe") equating to 200 boe per day ("boepd") (H1 2021: 16,928 boe and 92 boepd)' instead of an increase of 156% to 43,420 boe equating to 205 boepd. This earlier figure having included the production for February 2022 in error.'
' The average realised price per barrel of oil equivalent was 178% higher at $93.81/boe (H1 2021: $33.81/boe)' instead of an average realised price per boe of 135% higher at $79.32/boe.
Oops.
· Wressle production has significantly exceeded the original 500 barrels of oil per day ("bopd") expectation and is currently producing at permit constrained rates of 760-800 bopd following upgrades to the production facilities
· Planning permission was refused for the drilling of a side-track well, testing and long-term production at the Biscathorpe project
· Profit before impairments/write backs of £0.715 million (H1 2021: loss of £0.763 million)
· Overall profit for the period of £1.222 million including £0.507 million write-back (H1 2021: loss of £1.039 million including £0.276 million of impairments)
· Cash and cash equivalents of £2.084 million (H1 2021: £2.422 million and 31 July 2021: £
· Further developing the Company's energy transition opportunities including repurposing of the Dukes Wood-1 well for geothermal heat
Tuesday 09:06 Petrofac Limited (PFC)
Publication of 2021 Annual Report and Notice of the 2022 AGM
https://www.investegate.co.uk/petrofac- ... 0625EEPMW/it has today published its 2021 Annual Report and Accounts (2021 Annual Report) and Notice of 2022 Annual General Meeting (2022 AGM Notice)....
The Company's 2022 AGM is scheduled to be held at 10:30am on Thursday 26 May 2022 at One Silk Street, London, EC2Y 8HQ.
Tuesday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10083394J/808,248 at 194.89p
Tuesday 07:01 United Oil & Gas PLC (UOG)
Board Change
https://www.investegate.co.uk/united-oi ... 01052836J/United Oil & Gas PLC announces that David Quirke has notified the Board of his intention to step down as Chief Financial Officer ('CFO') and Executive Director of the Company at a date to be agreed in due course.
Tuesday 07:00 Afentra PLC (AET)
ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
https://www.investegate.co.uk/afentra-p ... 00102800J/· Rebranded Sterling Energy to Afentra ('African Energy Transition') with a strategic imperative of capitalising on opportunities resulting from the accelerating energy transition on the African continent.
· In April, Afentra named preferred bidder to purchase interests in Block 3/05 and Block 23. [Angola]
· The Company continued to support the Operator of the Odewayne block, Somaliland, in progressing the technical understanding of the block; and continued to review its technical assessment and outlook on block prospectivity. (holds a 34% working interest in the PSA fully carried by Genel Energy Somaliland Limited for its share of the costs of all exploration activities during the Third and Fourth Periods of the PSA.)
· Cash resources net to the Group at 31 December 2021 of $37.7 million (2020: $42.7 million).
· Adjusted EBITDAX: loss for the Group of $2.0 million (2020: $761k loss).
· The Group remains debt free
Tuesday 07:00 Chariot Limited (CHAR)
Appointment of Project Finance Advisor
https://www.investegate.co.uk/chariot-l ... 00143384J/is pleased to announce, following the recent successful gas drilling campaign on the Anchois gas project offshore Morocco, the appointment of Societe Generale, London Branch to the role of financial advisor to develop debt funding options for the Anchois gas development.
Tuesday 07:00 Diversified Energy (DEC)
Acquisition of East Texas Assets
https://www.investegate.co.uk/diversifi ... 00143395J/announces the acquisition of certain East Texas upstream assets and related facilities ("the Assets") from a private seller (the "Acquisition").....Cash consideration of $50 million funded entirely with cash on hand and borrowings on the Company's revolving credit facility ("Purchase Price") ◦ Represents a 1.4x multiple based on net Purchase Price and $35 million of estimated next twelve months' ("NTM") Adjusted EBITDA(a) before potential synergies
Tuesday 07:00 Egdon Resources PLC (EDR)
Withdrawal of Shell from P1929 and P2304
https://www.investegate.co.uk/egdon-res ... 00102806J/advises that Shell U.K. Limited has informed Egdon and the North Sea Transition Authority ("NSTA") of its intention to withdraw from licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. Egdon will now consider its options
Tuesday 07:00 Vaalco Energy Inc (EGY)
SUCCESSFUL AVOUMA 3H-ST DEVELOPMENT WELL
https://www.investegate.co.uk/vaalco-en ... 00143396J/today announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3,100 gross barrels of oil per day ("BOPD"), which was above VAALCO's internal expectations.....We have begun drilling our third well, the ETBSM 1HB-ST development well, which will also target the Gamba reservoir, but just as importantly, allow us to test the deeper Dentale formation at South Tchibala which has not yet been delineated in this area.
Tuesday 07:00 Europa Oil & Gas (EOG)
Wressle Update
https://www.investegate.co.uk/europa-oi ... 00092774J/notes the update by Operator Egdon Resources U.K. Limited ("Egdon") on activities issued today in their Half Yearly Statement....Wressle production has significantly exceeded the original 500 barrels of oil per day ("bopd") expectation and is currently producing at permit constrained rates of 760-800 bopd following upgrades to the production facilities.
Tuesday 07:00 Union Jack Oil PLC (UJO)
Project Update
https://www.investegate.co.uk/union-jac ... 00092745J/is pleased to note that the Operator, Egdon Resources U.K. Limited ("Egdon") has provided an update on their projects as part of its Interim Results,
Wressle PEDL180 and PEDL182 (Union Jack 40%) :
· Revised Field Development Plan submitted to the North Sea Transition Authority ("NSTA") during April 2022
· Production currently at 760 to 800 barrels of oil per day ("bopd") gross (304 to 320 bopd net to Union Jack)
Keddington continues to contribute tangible revenues, especially during this time of high oil prices.
A subsurface review of the field has highlighted a viable drilling location in the east of the field targeting up to 180,000 barrels of oil of incremental production.
Wressle has effectively transformed the financial position of Union Jack and, coupled with the exceptional opportunities we believe are offered by our other projects, the Company is now covered for all operational and contracted or planned CAPEX costs, including drilling, which augers well for the future of the Company and its shareholders."
Tuesday 07:00 Gulf Keystone Petrol (GKP)
Dividend Payment
https://www.investegate.co.uk/gulf-keys ... 00142598J/the Company declared an interim dividend of $65 million....and hence a dividend of 23.778p per Common Share will be paid on 13 May 2022 to those shareholders on the register of members of the Company as at 29 April 2022.
Tuesday 07:00 Kosmos Energy Ltd (KOS)
1st Quarter Results Date
https://www.investegate.co.uk/kosmos-en ... 00152540J/following schedule for its first quarter 2022 results:
· Earnings Release: Monday, May 9, 2022, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at
www.kosmosenergy.com .
· Conference Call: Monday, May 9, 2022 at 11:00 a.m. EST. The call will be available via telephone and webcast.
Tuesday 07:00 United Oil & Gas PLC (UOG)
Final audited results for the year ended 31/12/21
https://www.investegate.co.uk/united-oi ... 00142838J/· Group working interest 2021 production averaged 2,327 boepd (2020: 2,195 boepd )1 in line with production guidance of 2,100-2,300 boepd issued on 6 September 2021
· Group working interest production in Egypt for the full year 2022 is forecast to average between 1,500 - 1,650 boepd net;
- 100% drilling success in five-well 2021 drilling campaign on the Abu Sennan licence replacing reserves
· Group Revenue of $19.2m (2020: $9.1m)1
· Profit after Tax $4.1m (2020: $0.9m)
· Realised oil price of $68.9/bbl (2020: $37.8/bbl)1
· Cash operating costs of $5.90 /boe (2020: $5.77/boe)1
· Repayments on BP Pre-payment facility $5.4m (2020: $1.7m)1
· Group Cash balance of $0.4m at the period end (2020: $2.2m)2
· United terminated the sale and purchase agreement with Quattro Energy Limited to sell its UK Central North Sea Licences; P2480 and P2519
The Annual General Meeting of the Company will be held at the offices of Armstrong Teasdale, 38 - 43 Lincoln's Inn Fields, London WC2A 3PE at 12.00 p.m. on 1 June 2022.
Tuesday 07:00 Wentworth Resources (WEN)
Deregistration of securities
https://www.investegate.co.uk/wentworth ... 00082572J/Further to the Company's announcement on 4 February 2022 regarding its plan to deregister its ordinary shares (the "Securities") from the Norwegian Central Securities Depository (the "VPS Register") and the related information sent to shareholders on the VPS Register, Wentworth can confirm that the VPS Register will close as planned with effect from 30 April 2022.
Tuesday 07:00 Zephyr Energy PLC (ZPHR)
Paradox Basin Reserves and Resource Evaluation
https://www.investegate.co.uk/zephyr-en ... 00142874J/ is pleased to announce the results from an updated Competent Person's Report ("CPR") on its assets in the Paradox Basin, Utah, U.S. (the "Paradox project")....
2P Reserves: First Paradox Basin Proved Reserves booked, based on the State 16-2 LN-CC well drilling success:
o 2.1 million net barrels of oil equivalent ("boe") - an increase from zero boe from 2018 CPR
· 2C Resources: Significant increase to resource estimate across the Cane Creek Reservoir:
o 27 million net boe -more than double the 12.3 million boe from 2018 CPR
· Prospective resources from overlying reservoirs:
o 203 million net unrisked boe (68 million boe risked with a weighted-average 33% chance of success ("CoS"))...
Zephyr's total 2P Proved Reserves now have an estimated net present value at a ten per cent discount rate ("NPV-10") of over US$111 million (up from zero value ascribed in 2018)
Tuesday 07:00 Ascent Resources PLC (AST)
Slovenia : Mining Act Amendments and JV Updates
https://www.investegate.co.uk/ascent-re ... 00102789J/on 6 April the Republic of Slovenia voted to adopt amendments to the mining law which included provisions that explicitly prohibit holders of mining rights from being able to carry out exploration or exploitation of hydrocarbons with the use of any form of hydraulic stimulation....This development is a further breach by the Republic of Slovenia of its obligations under the Energy Charter Treaty and UK-Slovenia Bilateral Investment Treaty. As a result, the Company has been deprived of the full value of its investments in Slovenia given that it has always expected to be able to continue the historic practise of conducting low volume mechanical stimulation techniques in order to flow the tight gas reservoir. The Company and its legal advisors are reviewing these latest developments which are expected to lead to a significant increase in the Company's damages claim.
Tuesday 07:00 Arrow Exploration (AXL)
2021 ANNUAL RESULTS, MD&A AND RESERVES REPORT
https://www.investegate.co.uk/arrow-exp ... 00142866J/Q4 Production 719boepd (2020: 140boepd), revenue US$3.038m ($0.368m), adjusted EBITDA +$0.540m (-$1.211m), netbacks +$27.35/boe (-$39.03, ouch). US$10.9m cash. 7,421 Mboe of 2P reserves , pretax NPV10 US$84.1m.
On October 25, 2021, the Company raised approximately £8.8 million (C$15 million), through a placing and subscription for new common shares with new investors, Canacol Energy Ltd., and executive management (together, the "Fundraising") and published an AIM Admission Document in connection with the admission of the enlarged share capital of the Company to trading on the AIM Market of the London Stock Exchange plc. The Fundraising consisted of the placement and subscription of 140,949,545 new common shares at an issue price of £0.0625 (C$0.106125) per new common share. The Company's executive management invested approximately C$1.41 million and Canacol participated in the subscription to hold 19.9% of the enlarged share capital. Investors received one warrant for every two new common shares, exercisable at C$0.15282 per new common share for 24 months from the AIM admission date (October 25, 2021). The net proceeds of the Fundraising, together with the Company's existing funds, are expected to be used to drill two wells at Rio Cravo Este, and will also be deployed in drilling the Carrizales Norte-1 exploration well.
On 24 November 2021, the Company also announced that it had raised C$395,375
Monday 17:52 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 52132719J/6,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme
Monday 17:24 PJSC Tatneft (ATAD)
Board Approves AGM Agenda, Related Issues
https://www.investegate.co.uk/pjsc-tatn ... 24142679J/The Board of Directors of PJSC Tatneft (the "Company") (LSE: ATAD) approved the following agenda of the annual shareholders meeting to be held on 23 June 2022
Monday 15:38 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 38182545J/PSP Award
Monday 15:00 EnQuest PLC (ENQ)
Holding(s) in Company
https://www.investegate.co.uk/enquest-p ... 00072480J/On 22-Apr-2022, Schroders Plc reduced from 5.019% to 4.906%.
Monday 14:37 IOG PLC (IOG)
Notice of AGM
https://www.investegate.co.uk/iog-plc-- ... 37082478J/The Company's AGM will be held at 10.00am on 3 May 2022 at the offices of Fieldfisher, Riverbank House, 2 Swan Lane, London EC4R 3TT. The 2021 Annual Report and Accounts and the Notice of the Company's AGM was posted to shareholders on 22 March 2022. IOG is required to confirm all attendees ahead of the meeting.
Monday 12:46 Global Petroleum Ltd (GBP)
Extension to Global's Licence PEL 0094
https://www.investegate.co.uk/global-pe ... 46242346J/the Namibian authorities have granted a one year extension to the Initial Exploration Period of PEL 94, from September 2022 to September 2023 ("licence extension").
Monday 11:59 Empyrean Energy PLC (EME)
Holding(s) in Company
https://www.investegate.co.uk/empyrean- ... 59552289J/On 22 April 2022, Mr. J D Ballard & family reduced from 3.0003% to 2.925%.
Monday 11:31 Lekoil Limited (LEK)
RNS correction
https://www.investegate.co.uk/lekoil-li ... 31402218J/notes a typo in part of its RNS announcement no: 6994H dated 7 April and restates the relevant part of the RNS as follows:
"The Company confirms that it has received professional advice that the EGM can proceed notwithstanding the injunction brought by Lekoil Nigeria, as notified to the market on 6 April 2022."
Hah, that's a classic by either SP Angel as Nomad or Camarco as PR, although I must admit at first I missed it myself and couldn't work out why they'd released an RNS just for a typo. The original said "bought the injunction" not "b<b>R</b>ought"!
Monday 08:33 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 33021766J/On 21-Apr-2022, BlackRock, Inc. reduced from 9.3% to 8.65%.
Monday 07:10 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 10071701J/908,300 at 199.43 pence
Monday 07:00 Canadian O'Seas Petr (COPL)
New Investor Presentation
https://www.investegate.co.uk/canadian- ... 00081293J/has today published a new investor presentation which is available via the Company's website at Investor Presentation (canoverseas.com) .
Monday 07:00 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 00041256J/6,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme
Monday 07:00 Deltic Energy PLC (DELT)
Final Results
https://www.investegate.co.uk/deltic-en ... 00061247J/The Company's cash was £10,092,205 at 31 December 2021 (2020: £11,968,858)
· Confirmation of Deltic's first exploration well on the Pensacola Prospect (Licence P2252)
· Well planning rapidly progressing with site survey completed October 2021.
· Rig selection and contract process is well advanced with Deltic-Shell JV scheduling drilling the Pensacola well in late Q3 2022.
· Transformational farm-out deal completed with Capricorn Energy PLC ("Capricorn") (previously Cairn Energy PLC) to form an exploration partnership over five licences in the Southern North Sea gas basin.
· Strong progress made since farm-out, with the JV aiming to make a well investment decision in Q3 2022.
· Acquired approximately 680 km2 of new 3D seismic data over the P2428 Licence, which includes the Plymouth prospect.
· Net cash outflow from operations and investing activity for the year of £1.8 million (2020: £1.8 million).
· Cash position of £10.1 million at 31 December 2021 (2020: £12.0 million) with no debt. As at 31 March 2022, the Company had cash on hand (unaudited) of £8.6 million
the evaluation of the new 3D data acquired [on Pensacola] resulting in a significant de-risking of the prospect, with the geological chance of success increasing from 20% to 55%. ....Shell now indicating that drilling is expected to commence towards the end of Q3 2022. Pensacola is a Zechstein Reef prospect located to the northwest of the Breagh gas field in the Southern North Sea. Deltic estimates the Prospect to contain gross P50 Prospective Resources of 309 BCF(30% Deltic) which will rank Pensacola as one of the highest impact exploration targets to be drilled in the gas basin in recent years. Drilling success will be transformational both for Deltic and the emerging Zechstein reef play. The Pensacola well is also being highly anticipated by the industry for its potential to unlock a significant new source of gas to the UK from the Zechstein Reef play, which has been successfully produced in NW Europe from Poland to The Netherlands.
Deltic's conviction in Selene has further increased throughout this process resulting in an uplift in estimated P50 recoverable resources to 318 BCF. With Phase A of the licence due to conclude in September this year, in line with good licence management, the JV has taken the prudent step of approaching the North Sea Transition Authority ('NSTA') to seek an extension to Phase A. Deltic continues to consider Selene to represent the largest undrilled structure of its kind in this part of the SNS, and with an estimated 70% geological chance of success remains committed to progressing this material prospect to drilling.
Monday 07:00 Pantheon Resources (PANR)
Resource Upgrade
https://www.investegate.co.uk/pantheon- ... 00071302J/· A significant management resource upgrade in the LBFF at Theta West to 17.8 billion barrels of oil in place ("OIP"), a 61% increase on previous estimates, and a recoverable resource of 1.78 billion barrels as a most likely case, a 48% increase on previous estimates.
o Given the discoveries of oil confirmed by testing in the LBFF at Theta West, and previously at Talitha #A, as well as the oil encountered at Pipeline State #1, the Company believes the above estimate could be categorized as a Contingent Resource.
o The new discovery of oil in the SFS at Talitha which management believes has the potential to contain 2.2 billion barrels of OIP, opening up another significant development opportunity in and around the current resource base. Additional analysis is required before Pantheon can estimate the recoverable resource in the SFS.
Monday 07:00 Union Jack Oil PLC (UJO)
US$5 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00051097J/is pleased to announce that material landmark net revenues of US$5 million have been achieved from the Wressle hydrocarbon development ("Wressle"), located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% economic interest in this producing hydrocarbon development.
As at 22 April 2022, the Company's cash balances and short term receivables stand at in-excess of £7.05 million
Monday 07:00 UK Oil & Gas PLC (UKOG)
Director Share Purchase
https://www.investegate.co.uk/uk-oil--- ... 00081268J/Stephen Sanderson, Chief Executive Officer, has informed the Company that he has purchased 865,800 ordinary shares in the Company
Monday 07:00 Arrow Exploration (AXL)
EXERCISE OF WARRANTS AND TOTAL VOTING RIGHTS
https://www.investegate.co.uk/arrow-exp ... 00081320J/pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value ("Common Shares").
Further, the Company has identified that prior to its admission to AIM on 25 October 2021 there were 68,674,622 Common Shares in issue, and not 68,674,202 Common Shares as stated in the Admission Document.
Ooops - nice one Arden (Nomad/jt broker)
Monday 07:00 Igas Energy PLC (IGAS)
Additional Listing Director/PDMR Shareholding
https://www.investegate.co.uk/igas-ener ... 00081317J/an application has been made to the London Stock Exchange for a total of 164,912 Ordinary Shares of 0.002p each (the "SIP Shares") to trade on the AIM market of London Stock Exchange ("AIM") under the IGas Energy plc Share Incentive Plan ("SIP"). Subject to admission, the SIP Shares will be held by Equiniti Share Plan Trustees Limited (the "SIP Trustees").