Commodity markets are calming down a bit, Phoenix' 84% shareholder wants to buy out the minorities (good riddance), Chariot looks solid, Jadestone have a production glitch whilst IOG recover from theirs, Upland are unsuspended, Providence give away 10% of the company at a 35% discount, and is something up at Tlou?
Brent=$109.57(June) WTI=$104.19(July,Brent-5.38) Nymex gas=$6.73(June)
NBP =208.51p(June,Nymex+18.80) TTF=€130.000(July,Nymex+33.37) JKM=$37.325(August,Nymex+30.60)
Today 12:38 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 38018259P/On 21 June 2022, Richard Griffiths and controlled undertakings (St Helier, Jersey) reduced from 4.41% to < 3.00%.
Today 12:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00007992P/On 17-Jun-2022, The Goldman Sachs Group, Inc. reduced from 3.377% to 2.789% and adjusted their shares vs other formats.
Today 10:48 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 48428013P/On 21/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 15.41% to 14.46%.
Today 10:00 Tullow Oil PLC (TLW)
Holding(s) in Company
https://www.investegate.co.uk/tullow-oi ... 00006970P/On 16-Jun-2022, The Goldman Sachs Group, Inc. increased from 3.132% to 3.377%.
Today 09:26 Nostrum Oil & Gas (NOG)
2021 Report on Payments to Governments
https://www.investegate.co.uk/nostrum-o ... 26007747P/Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today publishes an overview of payments to governments made by Nostrum and its subsidiary undertakings in 2021.
Today 08:32 Caspian Sunrise plc (CASP)
UK High Court confirms Capital Reduction
https://www.investegate.co.uk/caspian-s ... 32497714P/the UK High Court yesterday confirmed the Capital Reduction approved by Caspian Sunrise shareholders on 22 April 2022. Accordingly, the Company will now cancel its share premium and deferred shares, which will create positive distributable reserves and remove the last technical block to the future declaration of dividends.
Today 08:14 SDX Energy PLC (SDX)
Grant of extension for posting of Scheme Document
https://www.investegate.co.uk/sdx-energ ... 14567700P/On 25 May 2022, the boards of directors of Tenaz and SDX announced (the " Firm Offer Announcement ") that they had reached agreement on the terms of a recommended share-for-share combination between Tenaz and SDX...The directors of SDX and Tenaz have sought an extension to the deadline for posting the Scheme Document from the Panel. The Panel has granted such an extension to 5.00 p.m. (London time) on Tuesday 5 July 2022. It is still expected that the Tenaz Circular, which will contain notice of the Tenaz Special Meeting, will be filed and mailed to Tenaz Shareholders on or around the same date as the Scheme Document is posted to SDX Shareholders.
Today 07:34 Phoenix Global Res (PGR)
Response to share price movement
https://www.investegate.co.uk/phoenix-g ... 34357644P/The Board of Phoenix notes the recent share price movement and confirms that an independent committee of the Board of directors of Phoenix (the "Independent Committee") is in discussions with the Company's 84% shareholder, Mercuria Energy Group Limited ("Mercuria"), regarding a possible cancellation of the Company's admission on AIM and trading on the Buenos Aires Stock Exchange and related cash exit opportunity for other shareholders in the Company ("Minority Shareholders"), who may not wish to remain shareholders in the Company following any such cancellation...Mercuria has communicated to the Company its intention to offer a purchase price of 7.5 pence for each Phoenix share in cash, being a 25 per cent. premium to the closing mid-market price per ordinary share and a c.50 per cent. premium to the 30-day VWAP...These discussions remain at a preliminary stage and a further announcement will be made in due course.
Today 07:05 Capricorn Energy PLC (CNE)
Transaction in Own Shares
https://www.investegate.co.uk/capricorn ... 05037632P/They bought back 17,983 shares at 215.08p = £38,677.84
Today 07:00 Chariot Limited (CHAR)
2021 Final Results
https://www.investegate.co.uk/chariot-l ... 00067104P/· Further to the successful equity fundraising of US$25.5m and $4 million Open Offer announced in June 2022, the Company is well financed to take the Anchois Gas Project through to FEED and FID, in addition to progressing the Company's wider asset portfolio.
· Oversubscribed equity fundraising completed in December 2021.
o Year end cash position as at 31 December 2021 of $19.4 million with no debt and minimal remaining work commitments.
Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.
Chariot is also partnering with the Government of Mauritania on the potential development of a 10GW green hydrogen project, Project Nour...
Last year our target was to secure a pipeline of power supply projects of 500MW however, we have now doubled our scope and target reaching 1GW by the end of 2022. The hydrogen market is already becoming a key component of the energy transition with Goldman Sachs estimating a €10 trillion market by 2050. While still nascent, we believe hydrogen will be a foundational energy source of the future and are progressing our initial project in Mauritania that has the potential to produce 10GW by 2030...
The fundraise completed in June 2022 of US$29.5 million means Chariot is funded to accelerate the FEED programme to FID,and fast-track to cashflows from production into the gas hungry Moroccan and European markets. There is much hard work ahead as we enter into the next phases of the project including negotiations on gas sales and project finance but we move forward encouraged and emboldened by a highly successful drilling result which has potentially opened up a new gas basin and a much larger resource base than pre-drill estimates had planned for. We are equally enthused by the progress being made in the Transitional Power business as two world class projects have already been announced in early 2022 which demonstrate the bank of projects in the pipeline being accelerated in partnership with Total Eren. We will also look to strategically partner at the subsidiary level within the Transitional Power business.
Today 07:00 Eco (Atlantic) O&G (ECO)
Operations Update: Gazania, Block 2B, South Africa
https://www.investegate.co.uk/eco--atla ... 00067113P/provides an update on the operations for its planned Gazania-1 Well, offshore South Africa. Eco through its wholly owned subsidiary Azinam South Africa Limited Operates and holds a 50% working interest ("WI") in Block 2B, plans to spud the Gazania-1 well, 25km offshore the Northern Cape in South Africa in September 2022. The well will take approximately 25 days to drill....
We are currently on schedule to mobilize out of Norway in the third week of July and spud early in September. We anticipate approximately three to four weeks on site to drill the test well and then regardless of our findings we will seal off the well, ensure the site is completely restored and move off. Eco has chosen a majority of available South African services and will base its operations from Cape Town. This is an exciting opportunity and holds the potential of establishing a new over 300 million barrels light oil resource."
Today 07:00 Diversified Energy (DEC)
Notification of Major Holdings
https://www.investegate.co.uk/diversifi ... 00076872P/On 20-Jun-2022, BlackRock, Inc. reduced from 5.38% to 5.18%.
Today 07:00 Gran Tierra Energy (GTE)
Director/PDMR Shareholding
https://www.investegate.co.uk/gran-tier ... 00077116P/Acquisition of Common Shares through the Company's Employee Share Savings Plan
Today 07:00 Oil and Gas Devt Co (OGDC)
GAS DISCOVERY AT KALERI SHUM 01
https://www.investegate.co.uk/oil-and-g ... 00037615P/ During Drill Stem Test (DST)-1 in Parh & Fortmunro/Mughalkot formations, the well flowed at a rate of 1.24 Million Standard Cubic Feet per Day (MMSCFD) Gas, through choke size 32/64'' at Well Head Flowing Pressure (WHFP) of 220 Pounds per Square Inch (PSI). DST-2 into Fortmunro/Mughalkot Formations, the well tested 0.489MMSCFD Gas through choke size 32/64'' at WHFP of 300PSI. The well also tested 0.192 MMSCFD Gas from Pab Sandstone during DST-3 through choke size 32/64'' at WHFP of 10-75PSI. DST-4 conducted Ranikot Formation, the well tested 0.16MMSCFD Gas through choke size 32/64'' at WHFP of 100-130 PSI.
Today 07:00 Oil and Gas Devt Co (OGDC)
OIL AND GAS DISCOVERY AT NIM EAST 1
https://www.investegate.co.uk/oil-and-g ... 00037613P/ Nim East-1 was spudded in on 21st March 2022 as an exploratory well by using OGDCL's in-house expertise and in close collaboration with GHPL team. The well was drilled down to 2573 m. Based on the results of wireline logs interpretation, Drill Stem Test-1 in the Basal Sand has tested 1400 Barrels of Oil per Day (BOPD) and 5.02 Million Standard Cubic Feet per Day (MMSCFD) Gas through choke size 32/64'' at Well Head Flowing Pressure (WHFP) of 1820 Pounds per Square Inch (psi).
Today 07:00 Savannah Energy Plc (SAVE)
First Gas Sales to FIPL's Trans Amadi Power Plant
https://www.investegate.co.uk/savannah- ... 00077146P/is pleased to announce that Accugas Limited ("Accugas"), the Company's 80% indirectly owned subsidiary, has commenced gas sales to First Independent Power Limited's ("FIPL") Trans Amadi power plant in Port-Harcourt, Nigeria.
Today 07:00 Wentworth Resources (WEN)
Operational Update
https://www.investegate.co.uk/wentworth ... 00057021P/Following record production achieved in 2021, Wentworth and its joint venture partners continued to realize strong production rates throughout 2022,recording an average production rate of 92 MMscf/d year to date. The five producing wells in the Mnazi Bay field and the associated joint venture operated facilities continued to perform well and without issues. Furthermore, the reductions in natural gas demand typically seen during the wetter months, April and May, were less severe and shorter, compared to previous years. The Company's production guidance for the year, provided in January 2022, remains unchanged at 75 - 85 MMscf/d....
With the Company's recent agreement to acquire Scirocco Energy plc's 25% interest in the Ruvuma PSA, Wentworth is pleased to report that work on the 338 km2 3D seismic, over the discovery and potential development area, is progressing positively and is intended to provide data critical to the development of the field and to optimize further drilling locations. The operator, ARA Petroleum Tanzania, has indicated that the Chikumbi-1 well will be drilled following the completion of the seismic programme and that first gas from the project is possible by late 2024
· Average daily production year to date is 92.2 MMscf/day (gross), compared with 79.9 MMscf/day (gross) during the same period in 2021
· Record quarterly average daily production of 98.5 MMscf/day (gross) achieved in Q1 2022
· Declared a final dividend in respect of FY 2021 of 1.16 pence per share ($2.6 million); a total dividend distribution in respect of 2021 of 1.7 pence per share ($4.0 million) representing an increase from 2020 ($3.8 million) and a yield of approximately 7.1% (based on current market capitalisation)
· Debt free with cash on hand of $26 million
Today 07:00 Clontarf Energy PLC (CLON)
Preliminary Results for the Year Ended 31 Dec 2021
https://www.investegate.co.uk/clontarf- ... 00057051P/When the dust settles after the Sasanof-1 well, Clontarf Energy plc and its partners will consider the economics of drilling the deeper targets, especially the Jurassic Kingsburgh Upper and Lower (each of which has potentially 2 tcf of gas-in-place). There is also estimated to be in the mid-depth Triassic Mungaroo Hyperno over one tcf of gas-in-place, albeit with a higher expected recovery ratio (75%)....
It is important to note that funding for the Sasanof-1 well (£3.5 million) was provided by local Australian investors who invested at a 25% premium to the then bid price of our shares (when the funding process began). We believed that we would struggle to raise such funding from traditional London investors, while institutional investors might expect a discount for a strategy to seek out opportunities without having a defined investment.
Accordingly, we are now evaluating further Australian prospects, in addition to the deeper prospects on WG-519-P. These include additional offshore prospects acquired by our partners Western Gas from the original Hess portfolio (on which Hess had invested circa $1.5 billion, before pulling out in the oil-price depression of 2015, in order to concentrate on the mega Guyana discoveries, as part of a widespread industry restructuring). There are also interesting onshore plays - especially in the Canning basin - which have been neglected due to the oil majors' focus on offshore opportunities...
As expected, demand for lithium, specifications and lithium prices have surged. In Bolivia we hope to conclude a Technical Cooperation Agreement on a systematic mapping exercise shortly. Clontarf Energy did not participate in the pilot plant testing of Direct Lithium Extraction technologies in Bolivia, since Clontarf is a user of such services rather than a services provider. Our proposal is to explore and develop mid-sized Bolivian lithium salt-lakes....
To provide maximum flexibility with regards to future funding we are proposing to change the nominal value of existing shares from 0.25p to 0.01p per ordinary share and 0.24p deferred share as set out in Resolution 5 (and Resolution 6) in the notice of the Company's forthcoming Annual General Meeting. This has no impact on the market value of existing shares or the number of shares in issue.
Today 07:00 Global Petroleum Ltd (GBP)
Operational Update
https://www.investegate.co.uk/global-pe ... 00057039P/Global now notes the confirmation by TotalEnergies that it plans to drill an appraisal well on the Venus discovery in the third quarter of 2022. Following this, it has also been reported that TotalEnergies plans to test both the appraisal well and the original discovery well, Venus-1X....Although no formal announcement has been made by Shell, reports suggest that Graff and La Rona have discovered significant volumes of oil and gas in two reservoirs. Shell has stated that it will drill more appraisal and exploration wells in order to prove commerciality and to design the optimal development plan....Global believes that there is commonality of both source and reservoir between the two discoveries in the Orange Basin and PEL 94....
'Plan for Sustainable Energy Transition of Appropriate Areas' ("Plan") came into effect in Italy in February 2022....A key structural component of the Plan is the provision that in future only exploration for gas (as opposed to oil) will be permitted in Italy, both onshore and offshore....Notwithstanding the Company's reservations as to the practicality of gas-only exploration - a reservation which Global believes is widely shared within the Energy Industry and beyond...the Italian Ministry of Ecological Transition has now informed Global that the Company's exploration objectives in the Applications are in compliance with the provisions of the Plan, and that there is no impediment to the continuation of the process (towards eventual award of the exploration permits).
Today 07:00 Gulf Keystone Petrol (GKP)
Shaikan Payments Update
https://www.investegate.co.uk/gulf-keys ... 00067089P/Gulf Keystone confirms that a gross payment of $62.0 million ($48.5 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during March 2022.
Yesterday 18:30 Harbour Energy PLC (HBR)
Transaction in Own Shares
https://www.investegate.co.uk/harbour-e ... 30067047P/Harbour announces that it has purchased the following number of its ordinary shares of 0.002 pence each for cancellation.
Yesterday 18:13 Nostrum Oil & Gas (NOG)
Issue of Explanatory Statement
https://www.investegate.co.uk/nostrum-o ... 13117056P/the Court has made an order granting the Company permission to convene the Scheme Meeting.
Yesterday 18:01 Capricorn Energy PLC (CNE)
Total Voting Rights
https://www.investegate.co.uk/capricorn ... 01077037P/the total number of shares in the capital of the Company as at 21 June 2022 was as follows:
Yesterday 17:26 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 26486991P/They bought back 13,000,000 shares at 396.611p = £51,559,458.00
Yesterday 17:20 OMV Petrom S.A. (PETB)
EB resolution - share capital increase
https://www.investegate.co.uk/omv-petro ... 20036874P/OMV Petrom S.A. announces that, based on the authorization received from the Extraordinary General Meeting of Shareholders dated 27 April 2022, the Executive Board approved the share capital increase, as follows: · RON 120,660,239.20 in exchange of 1,206,602,392 new shares, representing the in-kind contribution of the Romanian State
Yesterday 17:15 OMV Petrom S.A. (PETB)
OGMS convening notice - special dividends
https://www.investegate.co.uk/omv-petro ... 15036870P/OMV Petrom S.A. announces that today, the Executive Board's proposal for distribution of special dividends published on June 14, 2022, namely a gross special dividend of RON 0.0450/share, was approved by the Supervisory Board and will be submitted for approval to the Ordinary General Meeting of Shareholders convened on July 26, 2022
Yesterday 16:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5025H0359/They bought back 4,329,966 shares at £21.434 = £92,808,271
Yesterday 16:36 IOG PLC (IOG)
Price Monitoring Extension
https://www.investegate.co.uk/iog-plc-- ... 36036911P/https://uk.finance.yahoo.com/quote/IOG.L/chartOn the day it's soared +16% with a spike to +20%. Over the last 2 weeks it's jumped +18.4% with a spike to +22%.
Yesterday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35186905P/https://uk.finance.yahoo.com/quote/TTE.L/chartOn the day it's soared +21.5% with a spike to +22%. Over the last 2 weeks it's ended in the usual range but at one point spiked down to -14.6%.
Yesterday 15:48 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 48376875P/On 21-Jun-2022, YF Finance Limited reduced from 11.96% to 5.98%.
Yesterday 15:47 Afentra PLC (AET)
Notification of Major Holdings
https://www.investegate.co.uk/afentra-p ... 47166873P/On 21-Jun-2022, Askar Alshinbayev (Hong Kong) increased from 0% to 5.98%.
Yesterday 15:01 Velocys PLC (VLS)
Results of Annual General Meeting
https://www.investegate.co.uk/velocys-p ... 01306795P/ at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed by means of a Poll.
Yesterday 14:53 IOG PLC (IOG)
TR-1
https://www.investegate.co.uk/iog-plc-- ... 53076786P/On 20/06/2022, accounts managed on a discretionary basis by Lombard Odier Investment Managers group. holding via Lombard Odier Asset Management (Europe) Limited reduced from 16.82% to 15.41%.
Yesterday 14:41 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 41246764P/On 20-Jun-2022, David and Monique Newlands increased from 9.08% to 10.05%.
Yesterday 14:14 Capricorn Energy PLC (CNE)
Holding(s) in Company
https://www.investegate.co.uk/capricorn ... 14426739P/On 17-Jun-2022, Bank of America Corporation increased from 17.041% to 18.275%.
Yesterday 11:00 Block Energy PLC (BLOE)
Price Monitoring Extension
https://www.investegate.co.uk/block-ene ... 00446340P/https://uk.finance.yahoo.com/quote/BLOE.L/chartOn the day it's been in the usual range. Over the last 2 weeks it's down -24%.
Yesterday 07:00 Longboat Energy PLC (LBE)
Investor Presentation
https://www.investegate.co.uk/longboat- ... 00075487P/is pleased to announce that, following the Annual General Meeting on Thursday 23 June 2022, it intends to present an updated corporate presentation via the Investor Meet Company platform. The online presentation will take place at 11.30am and is open to all existing and potential shareholders.
Yesterday 07:00 Reabold Resources (RBD)
West Newton Conceptual Development Plan
https://www.investegate.co.uk/reabold-r ... 00035475P/is pleased to provide an update on the West Newton Project, in which the Company owns a 56% economic interest.
· Conceptual plan (subject to funding) envisages a phased eight well gas development, which will target recoverable hydrocarbon volumes of 35 Mboe with a sales gas component of 203 Bcf
o Following an initial five well development drilling campaign, First Gas is anticipated as early as 2025
o A further three wells will be drilled in 2028-2030, modelling plateau production rates of 44 Mcfd of sales gas
o Economic modelling calculated a Gross pre-tax NPV(10) of $448 million and a pre-tax IRR of 87%, based on recoverable sales gas and small volumes of associated liquids, for the development
o Completion of a Competent Persons Report ("CPR") by RPS Group in Q3 2022
o First development well, planned for H1 2023 to materially de-risk the project at modest cost
Yesterday 07:00 Union Jack Oil PLC (UJO)
West Newton PEDL183 Conceptual Development Plan
https://www.investegate.co.uk/union-jac ... 00025335P/is pleased to announce details of a conceptual development plan for West Newton, in which the Company has a 16.665% interest .
Yesterday 07:00 United Oil & Gas PLC (UOG)
Egypt Drilling Update
https://www.investegate.co.uk/united-oi ... 00024838P/is pleased to announce the spudding of the Al Jahraa-14 development ("AJ-14") well in the Abu Sennan licence, onshore Egypt...
The well is expected to take approximately 60 days to drill and complete and is fully funded from operational cashflow...
The comprehensive testing programme on the ASV-1X well that was announced on 30 May 2022 is continuing, with a rig-less testing unit and downhole pump being put in place following the rig move to the AJ-14 location. A further update will be provided on completion of the test programme.
Yesterday 07:00 Scirocco Energy PLC (SCIR)
Letter to Shareholders re Ruvuma Disposal
https://www.investegate.co.uk/scirocco- ... 00025318P/Alastair Ferguson, Non-Executive Chairman, has written a letter to all shareholders providing additional context on the Board's strategic rationale for its proposed transaction with Wentworth Resources as announced on 13 June 2022.
Monday 18:00 PetroTal Corp. (PTAL)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/petrotal- ... 00015461P/ it received a notice to exercise 1,551,827 Performance Warrants at a price of US$0.1869 per Common Share. Accordingly, PetroTal received a total of US$290,036.46 in respect for the warrants exercised.
Monday 17:40 TotalEnergies SE (TTE)
Transaction in Own Shares
https://www.investegate.co.uk/totalener ... 4000Z3602/€249m
Monday 17:40 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 40565443P/They bought back 10,000,000 shares at 387.327p = £38,732,704.00
Monday 17:21 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 21205393P/On 17th June 2022, The David A. Segel Trust increased from 0% to 5.10%.
Monday 17:15 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 15505390P/On 17th June 2022, The CS Living Trust increased from 0% to 5.10%.
Monday 17:13 Trinity Exploration (TRIN)
Holding(s) in Company
https://www.investegate.co.uk/trinity-e ... 13435387P/On 17th June 2022, David and Christina Segel Living Trust reduced from 9.58% to 0%.
Monday 16:56 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5647H0125/They bought back 4,535,111 shares at £21.039 = £95,414,064
Monday 16:35 Nostrum Oil & Gas (NOG)
Price Monitoring Extension
https://www.investegate.co.uk/nostrum-o ... 35495331P/https://uk.finance.yahoo.com/quote/NOG.L/chartOn the day it's been in the usual range. Over the last 2 weeks it's ended in the usual range but at one point spiked up to +30%.
Monday 16:35 TotalEnergies SE (TTE)
Price Monitoring Extension
https://www.investegate.co.uk/totalener ... 35465330P/https://uk.finance.yahoo.com/quote/TTE.L/chartOn the day it's been in the usual range. Over the last 2 weeks it's dropped -15.6% having touched -16%.
Monday 13:37 BP PLC (BP.)
Director/PDMR Shareholding
https://www.investegate.co.uk/bp-plc--b ... 37325111P/11,565 share units (in the form of ordinary shares) awarded under the bp Share Value Plan
Monday 13:12 Rockhopper Exp plc (RKH)
Holding(s) in Company
https://www.investegate.co.uk/rockhoppe ... 12255074P/On 20-Jun-2022, RAB Capital Holdings Limited increased from 4.15% to 5.36%.
Monday 10:33 EnQuest PLC (ENQ)
Director/PDMR Shareholding
https://www.investegate.co.uk/enquest-p ... 33094615P/Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu...Purchase of 716,809 ordinary shares
Monday 09:00 Jadestone Energy PLC (JSE)
Price Monitoring Extension
https://www.investegate.co.uk/jadestone ... 00394519P/https://uk.finance.yahoo.com/quote/JSE.L/chartOn the day it's collapsed -11.7% having touched -20%. Over the last 2 weeks it's dropped -22.8% having touched -30%.
Monday 07:31 Vaalco Energy Inc (EGY)
Investor Event
https://www.investegate.co.uk/vaalco-en ... 31333880P/ is scheduled to participate in the 8th Annual Roth London Conference to be held in London, United Kingdom on June 21-23, 2022.
Monday 07:00 Chariot Limited (CHAR)
Chariot Awards FEED Contract for Anchois Project
https://www.investegate.co.uk/chariot-l ... 00053859P/is pleased to announce that it has signed a front-end engineering and design ("FEED") agreement ("Agreement") with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco.
Monday 07:00 Vaalco Energy Inc (EGY)
Report on Payments to Governments 2021
https://www.investegate.co.uk/vaalco-en ... 00063882P/The following report provides an overview of payments made to governments by VAALCO Energy, Inc. and its affiliated companies for the year ending December 31, 2021 [Gabon taxes/royalties and a bit in UK/US]
Monday 07:00 IOG PLC (IOG)
Corporate Update
https://www.investegate.co.uk/iog-plc-- ... 00064341P/Saturn Banks production continues to be restored as planned, up to 54 mmscf/d gross currently from 30 mmscf/d at the start of June. We are taking the necessary actions both to improve facilities uptime and minimise restart times after any outages. Allowing for planned and unplanned downtime, we expect to produce 45-60 mmscf/d gross on average over 2H22....We expect 2022 opex to be 10-15p/therm.... the 24" extension of the Saturn Banks Pipeline System to Southwark has been successfully laid, while drilling of the Southwark East well is at an advanced stage. With Southwark expected onstream in Q4, we aim to exit 2022 with a higher, more diversified production stream....As the government encourages reinvestment in the North Sea to support energy security, we also have a clear view of value-adding new licence targets, alongside other business development opportunities under active evaluation....
After Southwark, the Noble Hans Deul is contracted to drill both the Goddard and Kelham North/Central appraisal wells in direct continuation
Monday 07:00 Jadestone Energy PLC (JSE)
Montara Operations Update
https://www.investegate.co.uk/jadestone ... 00064352P/On 17 June 2022 during routine production and crude oil cargo operations, crude oil was being transferred between two crude oil tanks onboard the Montara Venture FPSO. During the transfer, oil was observed on the surface of the sea adjacent to the FPSO. Transfer operations were ceased immediately and production from the Montara fields was shut in as a precautionary measure....an ROV confirmed a small 30mm diameter hole in the bottom of the tank...The volume of released oil is estimated at three to five cubic metres, which was monitored and had fully dispersed by the morning of 19 June 2022....Jadestone's preliminary estimate is that it will take approximately four weeks to complete the tank inspection and effect repairs sufficient to re-commence production at Montara...On the basis that full production from the Montara fields can be restarted as estimated, Jadestone expects that full-year 2022 production would be around the lower end of the previously announced guidance range of 15,500 - 18,500 boe/d.
Monday 07:00 Plexus Holdings Plc (POS)
Secures Oceaneering Order
https://www.investegate.co.uk/plexus-ho ... 00053813P/is pleased to announce that it has been awarded a Purchase Order for Plug and Abandonment ('P&A') equipment and services from Oceaneering International Services Limited...This order is estimated to generate revenues of circa £500,000 for Plexus in calendar year 2023, and has the potential to lead to other similar work in the North Sea and internationally both with Oceaneering and other customers.
Monday 07:00 Rockhopper Exp plc (RKH)
Open Offer Timetable
https://www.investegate.co.uk/rockhoppe ... 00063883P/further to the announcements made on 15 June 2022 and 16 June 2022 concerning the proposed Capital Raising, the Circular containing further details of the Open Offer, together with an Open Offer Application Form for Qualifying Non-CREST Shareholders, will be posted to Shareholders later today...
1 Open Offer Unit for every 8 Existing Ordinary Shares held by Qualifying Shareholders
Each Open Offer Unit will comprise one Open Offer Share and, for every two Open Offer Shares subscribed for, one Warrant.
Monday 07:00 TransGlobe Energy (TGL)
TransGlobe Energy Corporation Operations Update
https://www.investegate.co.uk/transglob ... 00053855P/· Production averaged 12.1 MBoepd in Q2, 2022 to 11 June (See "Oil & Gas Advisories" for production by product type);
· Full Canadian production restored in May following completion of planned maintenance at a major processing plant owned by a third party. Canadian June production has averaged 2,727 boed for the month to 11 June following the turnaround...
The Company's operations continue to be in-line with plan, with both Egypt and Canada generating production within guidance. Canadian production was curtailed for part of April and much of May as a result of planned third party plant maintenance which was completed on schedule.
A full (~451 MBbls) cargo lifting was completed in the second quarter. While the proceeds for this recent lifting were the highest realized since 2014, we also experienced a higher Brent differential as compared to recent liftings which appears to be related to increased supply being available to the blend's traditional buyers.
Monday 07:00 Union Jack Oil PLC (UJO)
US$7 Million Net Revenues Reached at Wressle
https://www.investegate.co.uk/union-jac ... 00043676P/is pleased to announce that material landmark net revenues of US$7,000,000 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 20 June 2022, cash balances and short term receivables stood at in-excess of £8,400,000
· Union Jack expects to report a maiden profit for the forthcoming unaudited half year results ending 30 June 2022
Monday 07:00 Upland Resources Ltd (UPL)
Restoration of Trading
https://www.investegate.co.uk/upland-re ... 00063895P/is pleased to announce the lifting of the temporary suspension and the restoration of trading in its ordinary shares on the Main Market of the London Stock Exchange....
The technical work presently being carried out work for on IMF 2478 is intended to mature the Dunrobin prospect ahead of a potential drilling decision and or engagement with potential drilling partners...
The Company has also determined that progression of farm-out efforts for its highly prospective Tunisian licence to be a priority and intends to continue discussions with interested parties, as well as opening discussions with new potential partners; as such the Company will update accordingly....
The Company continues in its efforts to secure attractive licences in mature onshore and offshore basins with proven petroleum systems. In particular the Company is pursuing an attractive exploration block in Sarawak....
The Company is in process of restructuring the management team and is presently in consultation with some high calibre candidates.
Friday 17:57 BP PLC (BP.)
Transaction in Own Shares
https://www.investegate.co.uk/bp-plc--b ... 57343772P/They bought back 10,000,000 shares at 396.105p = £39,610,542.00
Friday 17:49 Providence Resources (PVR)
Result of Fundraising (Amendment)
https://www.investegate.co.uk/providenc ... 49593764P/A number of non material typographical changes have been made to the 'Result of Fundraising' announcement released on 17/06/2022 at 16:31 under RNS No 3597P....
announced earlier today details of a Fundraising to raise approximately US$1.8 million (before expenses) through the issue of Placing Securities and Subscription Securities (each of which shall comprise one New Ordinary Share and one STG1.5p Warrant) at a price of STG£0.015...the Bookbuild has been completed and the Company has, conditionally, raised gross proceeds of $1.8 million...a total of 96,999,009 New Ordinary Shares will be issued pursuant to the Fundraising, representing less than 10 per cent of the Company...The Issue Price represents a discount of 35 per cent. to the closing price of STG£0.023 on 16 June 2022
Friday 16:50 Shell plc (SHEL)
Transaction in Own Shares
https://www.investegate.co.uk/shell-plc ... 5018H9729/They bought back 4,278,000 shares at £21.089 = £90,220,310
Friday 16:37 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 37113626P/https://uk.finance.yahoo.com/quote/TLOU.L/chartOn the day it's jumped +14.8% with a spike to +24%. Over the last 2 weeks it's been in the usual range.
Friday 16:27 Nostrum Oil & Gas (NOG)
Notice of Scheme Convening Hearing
https://www.investegate.co.uk/nostrum-o ... 27453594P/notice is hereby given that the Scheme Convening Hearing is scheduled take place before Mr Justice Meade in The Rolls Building, Court 11 at 2:00 pm BST on 20 June 2022 at the Business and Property Courts in the High Court of Justice of England and Wales....the Company will seek an order granting it certain directions in relation to the Scheme, including permission to convene a meeting for the Scheme Creditors for the purpose of considering, and, if thought fit, approving the Scheme.
Friday 16:17 Egdon Resources PLC (EDR)
Exercise of Warrants and Total Voting Rights
https://www.investegate.co.uk/egdon-res ... 17543586P/received notice of the exercise of Warrants and can advise the issue of new Ordinary Shares in the Company of 1p each ("Ordinary Shares") as follows.
Friday 15:22 EnQuest PLC (ENQ)
AGM Statement
https://www.investegate.co.uk/enquest-p ... 22063428P/EnQuest announces that at the Company's Annual General Meeting held today, all resolutions set out in the Notice of Annual General Meeting and put to the meeting were passed by the requisite majority by way of a poll. The results of the poll are set out below. The number of ordinary shares in issue is 1,885,924,339 .
Friday 14:30 PAO Novatek (NVTK)
NOVATEK Signs Agreements with Russia's Regions
https://www.investegate.co.uk/pao-novat ... 30053370P/PAO NOVATEK ("NOVATEK" or the "Company") signed small-scale LNG cooperation agreements with the Governments of the Moscow and Samara Regions.
Friday 14:00 Tlou Energy Ltd (TLOU)
Price Monitoring Extension
https://www.investegate.co.uk/tlou-ener ... 00173335P/https://uk.finance.yahoo.com/quote/TLOU.L/chartOn the day it's jumped +14.8% with a spike to +24%. Over the last 2 weeks it's been in the usual range.
Friday 11:50 PAO Novatek (NVTK)
Agreement on Sustainable Development with Gazprom
https://www.investegate.co.uk/pao-novat ... 50043114P/Leonid Mikhelson, Chairman of the Management Board of NOVATEK, and Alexey Miller, Chairman of the Management Committee of Gazprom, signed an Agreement on Cooperation in Sustainable Development of the Russian Federation Arctic Zone.
The parties intend to cooperate in environment protection, biodiversity preservation, environmental monitoring, standardization in the area of environmental safety, hydrogen energy and support of the indigenous peoples of the North.
Friday 10:45 Providence Resources (PVR)
Proposed Fundraising
https://www.investegate.co.uk/providenc ... 45052903P/announces its intention to conditionally raise up to approximately $1.8 million (before expenses) (the "Fundraising") through the issue of Placing Securities and Subscription Securities (each of which shall comprise one New Ordinary Share and one 1.5p Warrant) at a price of STG£0.015 each
Friday 09:40 Echo Energy PLC (ECHO)
Holding(s) in Company
https://www.investegate.co.uk/echo-ener ... 40542762P/On 14/06/2022, Sebastian Marr (London, UK) increased from 4.96% to 6.73%