Lord Browne will be named executive chairman of L1 Energy on Monday, sources say Lord Browne, the former chief executive of BP, is to lead a $10bn (£6.5bn) oil and gas group backed by Russian billionaire Mikhail Fridman. The peer will be named executive chairman of L1 Energy on Monday, sources told The Telegraph. Upon taking the job, Lord Browne will leave his roles as co-head of Riverstone's Renewable Energy Fund and chairman of UK shale explorer Cuadrilla. L1 Energy is looking at possible takeover targets, including companies involved in US shale, east Asia and parts of Europe, claimed the Financial Times, which first reported the news. The acquistions will be funded by LetterOne Group, the $29bn investment fund run by Mr Fridman. It has already agreed a €5bn (£3.6bn) deal to buy RWE Dea, part of German energy giant RWE, which is set to complete as early as next week. Lord Browne, who spent 41 years at BP until 2007, told the FT he wanted "to build great partnerships" and "create something with lasting value". Neither Lord Browne nor Mikhail Fridman could not be reached for comment. Earlier this month Lord Browne said oil giants need to adapt to the era of lower prices, urging them to "look at their balance sheets and decide how best to generate value
the dfit halli did was a success..1000 times better and in line with US ..pnr/sle has 3378 sq miles in the carboniferous....JB states a recovery rate of 270bcf per sq mile........912060bcf...there is 1000bcf in 1tcf and a tcf is worth £5billion...we have 35%..pnr to prove up cost us nowt..
barry is done imo..ToR basically says it here.. On 9 February 2015, the Company announced that it had reached agreement on commercial terms with a proposed farminee on its Barryroe asset, offshore Ireland, subject to closing conditions (the "Farm-Out"). Providence can confirm that there has been no change in the status of the Farm-Out.
Le trios Bell Endes, as the French would say.
Very good posts today - this actually looks lie a respectable bb for a change. I think the absence of "Le trios *******es" has more to do with the upward momentum than the fact that their credibility has long since expired. They have usually been largely absent during the rises, returning usually when a top has been established. The recent bottom - at 1.55 was considerably higher than the previous, at 1.2. Having topped out at 2p, Le *******es returned for the drop and may well leave it alone for a few days - I'm expecting the next one to have a little nudge at 2.5p before a retrace (which may be when they return to the bb). SP can top 3p on the back of Rawicz alone in my view although with this being SLE, I'd expect a bumpy ride on the way there. Sounds like the JV with PNR promises much and good to read JB's sensible optimism on that front. Should see plenty of blue this week I think.
From Hermana Advfn today hermana3 1 Mar'15 - 11:04 - 35733 of 35735 0 0 Fatxo fanning of sle says in Biz post today that he thinks Tony will get the Barryroe farmout over the line. Would help him out too!
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