Primary bid open placing @ 15p VRS… XXXX Dropped my top limit yet again to 48p and see it lifted @ 1pm @ 41p have not seen anything like it with regard to spread indicated price & chart.
Dividends Ricfle/Nelly Ricfle: No need “GWA tie back, WOSP tie in and FPSO modifications are $187.5m†minus long lead items, end of story. The $187.5 m includes a 4km? flowline from Lincoln to the FPSO, these costs will not be incurred. The majority of the costs will be associated with the flowline. Ricfle: The cash the EPS is generating will be spent of increasing production in the near and far term, or the OGA will revoke Hur licenses. Hurricane cannot just fiddle about for years without a funded plan to develop their assets. Lancaster is an oilfield (as defined by the OGA) HUR has a licence to produce for 27 (?) years. 40,000 bpd at say $90 pd oil in 2021/22 thats $3.6 m per day! The sub areas of Lincoln and Lancaster were extended by 5 years, not the fields which can produce for 27 years. DYOR Please
Vec appoint new delivery Excecutive Vectura appoints Sharon Johnson to new delivery management role 10 February 2020 | 07:57am StockMarketWire.com - Pharmaceuticals company Vectura said it had appointed Sharon Johnson to the newly-created leadership role of executive vice president for delivery management. Johnson was most recently senior vice president, global quality and regulatory affairs at Catalent. In her new role, Johnson would support innovation, customer focus and growth as the company continued with its strategic development as an inhalation specialist in the pharmaceutical services space. Story provided by StockMarketWire.com
Level 2 Of the 50,000 @ 179 there is 41,581 left Brent Crude has recovered to $54.39 . (+1.12) . (+2.10%) And the FTSE100 has recovered to 7,507.74 (+60.86) . (+0.82%) Close . . . . 178.20 Open . . . . 179.00 High . . . . .185.00 . . . 11.14.29 . . AT Low . . . . . 179.00 . . . 08.00.14 . . UT MD Auc . . 73 @ 184.20p Full 230,746----230,669 . . . its looking okay at the moment 52----41 LSE Vols . . . . 206,384 . . . 180 trades AT trades . . . 129 OT trades . . . 51 . . 12.02.22 Spread 184-----184.6 . . . Mid 184.3p
Share Price Ricfle/Nelly So are you a buyer at 13p? Do you become bullish at 13p? Share price about to go under 15p ? 11/2/2020
Warwick & Lincoln 3 wells drilling 2020 Hi carliol, Good to hear from you. Great decision to sell in the 30`s. I wish I sold at 55p! Yes, if news does come before the CMD it is likely to be bad, (or perceived as bad) say Spirit officially dropping out of the JV. If that happens we can expect negotiations with Spirit regarding compensation payments to be strained. It may already be the case as HUR have to negotiate with Spirit and TO regarding the sole lease of the PBLJ for the Lancaster drill. The rig should be emerging from Norway in March, so there must be an RNS to say what its schedule is. HUR final results are on 19th March. I am expecting an oil price spike at the end of 2020, so long as the c virus is under control, the spike should then settle to see a prolonged three year period of high oil prices. Are you going to buy back in and what price are you looking for? IMHO DYOR
General Interest Translated via google: Cameroon updates its industrialization master plan Friday, February 07, 2020 (Investing in Cameroon) - Cameroon’s Industrialization Master Plan (PDI), the first version of which was drawn up in 2016, is being updated, according to information obtained during the last Cabinet Council held in Yaoundé, in last January. During the said council, the Minister of Mines, Industry and Technological Development (Minmidt), Gabriel Dodo Ndoke (photo), reported on the progress of the PDI update process. " Strategic technical groups are at work and are examining contributions from public administrations, the private sector and civil society ," he said. The current updating works are structured around the three national industrial sanctuaries (agro-industry, energy and digital) and the structuring industrial pillars (cotton, mines, chemistry, pharmacy, forests and hydrocarbons) . The Government member recalled that the said IDP provides, in its first phase, for the supervision of the implementation of stimulating structuring projects and the strengthening of existing industrial units. At the end of his presentation, the Prime Minister, Joseph Dion Ngute, asked to accelerate and finalize the current update of the Plan in the near future. According to Cameroonian public authorities, the PDI aims to increase the contribution of the industrial sector to the country’s GDP. This contribution is officially 13% currently. The PDI should make it possible to bring it to at least 24% by 2035, the deadline that Cameroon has set itself to become an emerging country. [link]
RNS 11 February 2020 Metal Tiger plc Announcement of Placement by Southern Gold Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that, further to its announcement on 10 February 2020, Southern Gold Limited (“Southern Goldâ€) has announced that it has received binding commitments from investors in respect of a A$10 million placement (the “Placementâ€). The Placement is conditional on the approval of Southern Gold shareholders at a duly convened general meeting, expected to be held in early to mid-March. Assuming Southern Gold shareholders approve the Placement, Metal Tiger will be interested in approximately 14.90% of the company. As part of the terms of Metal Tiger’s investment, Terry Grammer, Non-Executive Director of Metal Tiger, will join the Board of Southern Gold subject to the approval of the Placement by Southern Gold shareholders. Southern Gold’s full press release can be viewed using the following link: [link] [link]
Q&A with Versarien (VRS) Chief Executive Officer, Neill Ricketts Hopefully he’s looking to bolster the SP
Arbitration Concluded The key allegation made in the above letter is this imv:………….“Various material breaches of the PSA have been asserted over time, and those issues are required by the PSA to be resolved by arbitration before an impartial international arbitration tribunal following international rules.†Well, it will be up to the tribunal to decide whether “various material breaches†were just breaches or were in fact ‘material’. And what is difference between material and just normal breaches? One for the lawyers in think. Anyway, in the absence of what these breaches could be, difficult to say which side of the argument the tribunal is going to land in. From what we know, number of wells were drilled by FRR, supported independent CPRs and formal submission of the ‘Feasibility Report’ to declare B12 as commercial based on Eldari A and Eldari B formations in the Miocene zones.
Arbitration Concluded One way I’ve read this is that Dunn is saying arbitration is complete so no need to pester and create noise as it’s pointless. I’d say this is why FRR really are turning up the noise.
Arbitration Concluded The below letter was issued by Hogan Lovells [legal reps for GOGC] dated 31st January 2020 and has been posted before on another thread, but deserves further careful reading. In the letter, it says that the hearings were conducted in London in December and “are concludedâ€. The next step was for any ‘final submissions’ due by the mid-February before the 3 arbitrators deliver their decision. Clearly, release of this letter was directed towards the Congressmen after a flurry of ‘finger-pointing’ Letters from the US. We know some high-level Georgian Officials met US officials last week and we can only hope that some friendly pressure resulted in a resolution. But my gut feeling is that they will not budge because of Ivanishvili’s interference and so it will be over to the Arbitration… Anyway, here is the contents of that letter… "Hogan Lovells claims Frontera’s accusations against the Georgian side to be baseless 31 January, 2020 Hogan Lovells represents Georgian Oil and Gas Corporation (“GOGCâ€) and the State Agency for Oil and Gas in arbitration proceedings arising from and relating to breaches by Frontera Resources Georgia Corporation of its obligations under its 1997 Production Sharing Agreement (“PSAâ€) with those entities. Various material breaches of the PSA have been asserted over time, and those issues are required by the PSA to be resolved by arbitration before an impartial international arbitration tribunal following international rules. GOGC and the State Agency followed the contractually bargained-for dispute resolution procedure in the PSA, by initiating arbitration proceedings before an international tribunal appointed under and in accordance with the PSA and international law (the “Tribunalâ€). The hearings on that matter were conducted in London in December and are concluded; the parties await the Tribunal’s decision. GOGC and the State Agency have committed to respect, honor and abide by whatever award is issued by the Tribunal. Consistent with this clear respect for the rule of law, GOGC and the State Agency have refrained from initiating action to interfere with Frontera’s continued exercise of rights in the disputed territory, even though GOGC and the State Agency believe Frontera is without rights in that regard. The issues in dispute form a standard, customary commercial dispute, and the Georgian entities involved have acted properly in invoking contractual remedies and disputes procedures. There is simply no basis to claim otherwise. Nonetheless, Frontera has, without justification or factual basis, asserted otherwise and attempted without factual basis to place blame upon the Georgian parties with which it has dealt. Frontera has sought repeatedly to delay and impede arbitration proceedings in various ways, with the result that they have been protracted. However, GOGC and the State Agency have adhered to their respect for the contractual requirements and the rule of law. We would be happy to provide additional information as appropriate. Very truly yours, David Dunn"
Level 2 50,000 @ 179 . . . after three sales totalling 4,026 at 09.13.56 is down to 41,581 Book 196,762----206,313 41----39 Spread 180.6----181.4 . . . Mid 181p
Recent interest in the company Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, is pleased to announce a memorandum of understanding (“MoUâ€) with The London Clinic, the UK’s leading private independent hospital, to operate Advanced Oncotherapy’s first commercial LIGHT facility on Harley Street in London.Al Russell, Chief Executive Officer of The London Clinic, commented: “Proton beam therapy is a very exciting new treatment but access has been limited due to the costs and size of equipment. Until now. Advanced Oncotherapy’s LIGHT system reduces size and cost, while providing the same high success rate for patients. We’re excited to be the first hospital in London to offer this new treatment. The new service will adjoin our main site on Harley Street, and enable The London Clinic to help even more patients fight and survive cancer while furthering our aim of advancing healthcare.†Al Russell, Chief Executive Officer of The London Clinic, commented:
RNS-Historic 11 February 2020 ASX: OEX AIM: OEX Chairman Consulting Contract Extension The Board of Oilex Ltd (the Company) is pleased to announce that the expanded operational role for Mr Bradley Lingo, the Chairman of Oilex Ltd, will be extended by a further two months to 31 March 2020. The expanded role, which was announced on 6 September 2019, for an initial term of 6 months, has focussed on the development and implementation of the Company’s Cooper-Eromanga Basin strategy. The extension reflects the continued ongoing support from Mr Lingo following the Company’s announcement dated 29 January 2020 regarding the proposed transaction with Doriemus plc. All other terms of the contract governing his expanded operational role remain the same as announced on 6 September 2019. Related Party Transaction Mr Lingo is a Director of the Company and accordingly the extension of his contract is classified as a related party transaction pursuant to the AIM Rules for Companies. The Directors of the Company, other than Mr Lingo, having consulted with Strand Hanson Limited, the Company’s Nominated Adviser, consider that the terms of the extension of his contract are fair and reasonable insofar as the Company’s shareholders are concerned.
Latest from the Community...
Latest from the Community...
Latest from the Community...