Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Many diverse species yawn, suggesting ancient evolutionary roots. While yawning is widespread, the observation of contagious yawning is most often limited to apes and other mammals with sophisticated social cognition. This has led to speculation on the adaptive value of contagious yawning. Among this speculation are empirical and methodological assumptions demanding re-examination. Control your emotions .Trading with facts
TIDMAOGL
RNS Number : 6901M
Attis Oil and Gas Ltd
12 May 2020
Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas
12 May 2020
Attis Oil & Gas Ltd ('the Company')
Update on Asset Sale Programme
Attis Oil & Gas Limited ("Attis") today announces that, in line with the asset sale strategy announced on 1 January 2020, it has disposed of its subsidiary company, Northcote Cleveland LLC, which holds the Zink Ranch lease, for a consideration of $250,000 payable in cash over the next 4 months plus assumption by the acquirors of the $50,000 operator's bond currently held by the Company.
The disposal was to a consortium of buyers which included Paolo Amoruso, Executive Chairman of the Company, who purchased a 20% interest in Northcote Cleveland LLC. The disposal is therefore a related party transaction pursuant to the AIM Rules for Companies. The independent Directors consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned. In taking this judgement into account they note that the cash consideration for the sale of Zink Ranch lease was US$25,000 higher than that offered by a third party.
In addition, and further to the Company's announcement of 19 February 2020, the Company has now disposed of its interests in the Fort Worth field for a nominal amount and the relinquishment of the bond associated with the field for the assumption by the acquiror of the plugging and abandonment ("P&A") and tax liabilities on the 98 wells on the field.
The Board advised shareholders in February that APEG, the Company's JV partner in the Fort Worth field, had not been meeting its financial obligations and the field had been operating at a loss given the historically low natural gas prices in the US. Further, the disposal of the field avoids any operator P&A liabilities which are currently estimated at approximately $25,000 per well.
In the six months to 30 June 2019, the Zink Ranch lease contributed no revenue to the Company and was carried on the Balance Sheet at $500,000 as at that date whilst the Company's interest in the Fort Worth Field contributed revenue of $229,921 to the Company and had cost of sales $79,219 and was carried on the Balance Sheet at $2,021,000.
The Company is still the owner and operator of the Austin Field in Texas. Production at the field is currently shut-in given the oil price environment. The proceeds from the disposals above will be used for general working capital purposes.
**ENDS**
For further information visit www.attisog.com or contact the following:
Thom Board Attis Oil & Gas Ltd +44 20 7236 1177
Paolo Amoruso Attis Oil & Gas Ltd + 1 713 869 1544
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Roland Cornish Beaumont Cornish Ltd +44 20 7628 3396
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Why suspend shares when obviously theres nothing lined up bod are nutters let it remain on aim
Peeps can trade after 6 mnths theyll blame the virus for theyre **** ups
$17
Next level for oil is $26!
What a peaceful day for Attis holders.. Let's enjoy this day and hope for the best.
The sad news is that Oil is going to $32-$34 soon. Maybe I will buy few more to average down my holdings.
https://ir.petroteq.energy/press-releases/detail/344/petroteq-reaches-new-production-milestone-of-300-bblsday
Slowly but surely.....
Did a bit of research , this sounds promising:
24 January 2020
Attis Oil & Gas Ltd ('the Company')
Board Change
Attis Oil & Gas Limited ("Attis") today announces that Russell Lamming has resigned as a Non-Executive Director of the Company with immediate effect. Mr Lamming's resignation follows the Company's announcement on 2 January 2020 that it has entered into a binding Memorandum of Understanding with a North American focussed oil and gas company in relation to the potential acquisition of that company (the "Proposed Transaction"). Mr Lamming supports, and will be voting his 5.5% shareholding in favour of, the Proposed Transaction.
Attis will provide further updates regarding the Proposed Transaction in due course.
I’m very confident they will do - odds are in the favour because both sides really want this to happen but I think it will be another few months yet
I’ll kick the chat off !! Anybody heard anything with rgds to this deal? Hopefully they pull something significant off ... here’s hoping
All previous messages have gone. We need to kick start new ones.