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%.