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"In the context of government admissions of this, the head of the Oil Exploration and Production Authority, appointed by the presidential government, Khaled Bahmish, stated that the authority received on May 20, 2022 AD a request from the (OMV) company that included the desire to sell its share in the S Al-Uqla 2 sector and the exploratory sectors participating in it in the Jardan 3 and sector Ataq 70, to the Sebek company, and it was rejected, and on November 25, 2022 AD, the (OMV) company submitted the same request, but to sell it to the Dutch company (ZENITH) and it was rejected"
https://yemeneco.net/?p=53290
According to the report of the fact-finding committee of the House of Representatives, Spec and Zenith Energy were rejected by the Ministry of Oil because they did not have the financial and technical capacity. .
https://twitter.com/MohammedMujawa9/status/1622938141244940288?t=8XOmEiqyCZbcRhWwbIGmGA&s=19
Yemen govt rejects Zenith Netherlands oil acquisition
"The internationally recognized government of Yemen has flatly denied a statement by international oil company Zenith Netherlands regarding the acquisition of oil fields managed by OMV in Yemen’s southern province of Shabwa, saying that the company is ineligible to acquire oil assets in the country.
Yemen’s Oil Ministry said that it had not authorized the sale of OMV oil facilities in Yemen to the Dutch company, accusing both companies of releasing “misleading” information.
The Yemeni ministry said that for any purchase deal to be approved, the purchasing business must be multinational, well known, as well as financially and technically competent.
Zenith Netherlands does not meet the ministry’s financial and technical conditions for relinquishing OMV’s shares, it added."
https://www.yemenonline.info/economy/7007
Merry Christmas to ya all
SLK exp 24.12.22 (Today)
01/12/2022
"A concession of exploitation of hydrocarbons called concession of exploitation “Ezzaouia” was granted to the Tunisian Company of Petroleum Activities (ETAP) with a rate of 100%, under a decree of the Ministry of Industry, Mines and Energy published in the Official Gazette of the Tunisian Republic (JORT) Tuesday."
https://en.africanmanager.com/tunisia-ministry-of-industry-grants-etap-hydrocarbon-exploitation-concession/
Here is something from yesterday I found in a Norwegian forum;
"Have spoken briefly with AC after the presentation which was held on 20 August. AC is completely clear and understanding of the shareholders' frustration over the weak share price over a long period of time. He also owns 52 million shares, he is in the same boat as the rest of us.
Trust is not exactly to cheer for. But as he has repeatedly said, they have made a huge effort to turn the ship around. He expects the upcoming announcements / agreements to contribute to:
1. Value creation for shareholders
Prove companies deserve trust
3. Delivers on strategy / communicated
While Covid 19 has created many opportunities for the company, the virus has also created some delays at the other end. West Africa is more or less fully negotiated and can come at any time.
The Congo license, Tilapia II, is expected anytime and repeated that Zenith BECOMES the operator for Tilapia II. The relationships they have built up in the country are not to be despised and are considered very good.
Tunisia's acquisition No. 2 is progressing rapidly and is in the final phase of negotiations.
I asked AC straight out if a new issue was on the way and then he answered firmly- No Worries!"
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2020/08/13125420/ZenithIP-Aug20-IP-V2a.pdf
"After thirteen days of being taken over by a group of residents of the Atahualpa native community and its annexes, on the afternoon of Saturday, August 15, Station 5 of the Norperuano Pipeline (ONP) was peacefully liberated...................................."
https://www.petroperu.com.pe/se-libera-estacion-5-del-oleoducto-norperuano---17-08?fbclid=IwAR2mNagNYV-GG88Lwf-c6wAd4Ez1uiJpYsj257SlwV73ixhqjKdqM3fqhV4
I do not trust anything that comes from africaintelligence.com, and thats out of experience.
Another case where africaintelligence.com in mulitiple articles wrote that the company (African Petroleum) APCL were to be given back their licenses in Gambia and Senegal with reference to Information from government sources, lawyers and other trusted sources, turned out to be just bull****. It managed to pump the share-price for those moments, and then fell back again and investors lost lots of money. So I bet those ho fed these articles to AI made lots of money on that.
Just check whats written in that cases up against; AI and ICSID
I am certain that peace will be restored very soon, and PTAL back in full production again.
......................"In a tax act to which Peru21 agreed , it is stated that it was the natives who broke with the dialogue and began attacking police officers and members of the PetroTal company ."...
https://peru21.pe/peru/loreto-lote-95-video-demuestra-como-empezo-el-enfrentamiento-entre-nativos-y-la-pnp-conflictos-sociales-petrotal-petroleo-comunidades-indigenas-noticia/?fbclid=IwAR3pNHL8-BNcts_xMhqwXmYndDCLqOiQ6pFz3E1r_ea-zuzEsTWU3n7qoSE
French oil major TOTAL announced last week it had agreed to sell its stakes in seven oil fields in Gabon, around the time that news filtered in that ENI had proposed divesting stakes in its operated acreages in Congo Brazzaville.
TOTAL will soon announce sale of its stakes in Congo Brazzaville. It’s only a matter of time.
Considering that Shell sold its entire onshore assets in Gabon in 2017, these two announcements tell the story that the majors are winding down in these countries, where new hub size, short term-to-market discoveries have not been made for some time..................................
https://africaoilgasreport.com/2020/08/in-the-news/oil-majors-are-winding-down-in-gabon-congo/
Extension of LOI with the Arabian Consortium
"The terms of the LOI remain unchanged. Under the terms of the LOI, the Strategic Investment is priced at 2.5 pence per Zenith common share (equivalent to approximately NOK 0.30). "
https://newsweb.oslobors.no/message/510800
Does this also indicate that Zenith is off the AIM and on to the main list within 12 months ?
"An application for the new Common Shares to be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities will be made within 12 months of the issue date."
PetroTal to boost PetroPeru spot crude sales
Published date: 03 August 2020
Canadian independent PetroTal plans to supply state-owned PetroPeru with another 1.5mn bl of medium sweet crude to sell on the spot market in the coming six months.
PetroPeru sold its first shipment of 460,000 bl acquired from PetroTal's block 95 in mid-July. The cargo was purchased by BP at a $1.39/bl discount to Ice Brent.
"I am very happy with PetroPeru. They did a great job selling the oil," PetroTal chief executive Manuel Zuñiga told Argus on 3 August. "It was an amazing price for us, reflecting the quality of our product.".............................
https://www.argusmedia.com/en/news/2129040-petrotal-to-boost-petroperu-spot-crude-sales?amp=1&__twitter_impression=true&fbclid=IwAR1OpxM3zGjERbTSGeqDJbS_9ieDxUdKkWC-ba0IsD_HCE22q9wr4PRPN9U
If the Peruvian government freeze the oilprice at min $45 a barrel, Armageddon in share-markets will then have no influence on PTAL shares. -interesting
"The official highlighted the US$45/b breakeven price of jungle blocks due to high operating costs, and reiterated the possibility of a financing scheme such as that implemented in Argentina which froze the domestic price of crude at US$45/b."
https://www.bnamericas.com/en/news/new-royalties-scheme-for-perus-upstream-expected-in-september?fbclid=IwAR2jORAuY_BKJGZIgv8LEQMq8MP5VKkOm3Yh8UCna5RzjMqEmM1NAUFiX3U