The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
ADM Energy PLC (LON:ADM) told investors it has formally submitted a bid to the Nigerian Department of Petroleum Resources as part of the 2020 Marginal Field Bid Round.
Nigeria’s licensing process has made up to 57 marginal field assets available for oil and gas companies to bid for. These span projects that are onshore, swamp and shallow offshore.
ADM is participating in the process alongside partner OilBank International, with the partners previously pre-qualifying for the bid round.
https://www.proactiveinvestors.co.uk/companies/news/929322/adm-energy-submits-bid-for-new-acreage-in-nigeria-929322.html
08 Feb 2021
Nigeria sees $500 Million in Signature Bonuses from Marginal Field Round
Nigeria is set to bring in $500 million from signature bonuses associated with the award of 57 marginal fields in its ongoing bid round, according to the Department of Petroleum Resources (DPR).
The bid round – which aims to spur indigenous participation in the local upstream industry – was launched last June and will see the award of licenses before Q1 2021. Of the more than 600 companies that applied for pre-qualification, 161 were shortlisted to move to the final round of the bidding process.
...
https://www.africaoilandpower.com/2021/02/08/nigeria-sees-500-million-in-signature-bonuses-from-marginal-field-round/
Submission of Bid in Nigeria's 2020 Marginal Field Round
Further to the announcement of 3 August 2020, ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that it has formally submitted a bid with the Nigerian Department of Petroleum Resources ("DPR") for a marginal field in the 2020 Marginal Field Bid Round ("Bid Round").
A total of 57 marginal fields are available to participating companies covering onshore, swamp and shallow offshore fields. ADM is participating in the Bid Round as a strategic partner of OilBank International Limited ("OilBank"), a Nigerian integrated oil and gas service management company. The submission follows ADM and OilBank pre-qualifying for the Bid Round and concludes the second stage of the process. The Company expects the Bid Round to be concluded by the end of Q4 2020 and will update the market in due course.
Results should be out very soon with £3m+ turnover and market cap only £1.3m
plus the recent several new contracts and outlook post results.
Expect this to rise, very low MC £1.3m
I know this was on the 10/2020
Nothing has changed except, they have now gone through the last process of claiming the concession back through a BIT claim. This was in process Mid Dec 2020. We should be hearing news soon, regarding update on process.
plus those that want to process the claim, where they had a few parties approach them
I'm pointing out MC is £2.0m, while they spent 34 million on concession and looking to claim 70m+
35 FOLD
At the time of this latest announcement , Peter Taylor, Pathfinder’s CEO was quick to point out that “Having satisfied all conditions prior to initiation of BIT arbitration, and exhausted attempts to negotiate an amicable resolution with Veloso/Cavaco, Pathfinder has no option but to look to the Government of Mozambique to put right the transfer of the Licence which we believe was unlawful. It remains our preference to avoid treaty litigation by resolving the dispute through constructive dialogue with the Government of Mozambique and to conclude such resolution swiftly. Such a timely resolution would allow us to resume development of the Licence which, in turn, is expected to deliver substantial associated social and economic benefits to the region through employment, infrastructure, royalties and taxation.”
The Pathfinder Saga has been dragging on for years now and, it is fair to say, has probably taxed the patience of most investors. The company originally acquired a large African mineral sands project in Mozambique back in 2011 for £34 million via a paper reverse takeover transaction. These licences were misappropriated, leading to the company spending the next 9 years trying to regain control of them through the courts. Prolonged lack of any success and a dwindling share price resulted in shareholder action for boardroom changes spearheaded by ourselves. Now, headed up by former Alien Metals CEO Peter Taylor, it could finally be that Pathfinder might be making serious progress at long last.
http://www.pathfinderminerals.com/operations/overview-and-titanium-dioxide-applications.aspx
China extends titanium search to seabed off the coast of Zambezia
https://www.africaintelligence.com/mining-sector_exploration-production/2021/02/03/china-extends-titanium-search-to-seabed-off-the-coast-of-zambezia,109640028-ar1
Don't forget the past few RNS
29 Jan 2021
ADM Energy extends agreement with Trafigura for conditional financing of up to $120m
https://www.lse.co.uk/rns/ADME/adm-extends-agreement-with-trafigura-t0a2yaugvbyw8nw.html
10 Dec 2020
ADM completes EER Transaction following receipt of Ministerial Consent
"ADM finalises deal to consolidate its interest in OML 113 and nearly double its net revenue, reserves and production
Highlights
· ADM acquires 25% of the interests, rights and obligations held by EER in OML 113
· Participating interest in OML 113 will increase to approximately 4.9% from 2.7%
· Corresponding profit and cost bearing interests will increase from 5.0% to 9.2% and from 6.7% to 12.3% respectively
· Net 2P reserves increase to 16.4 MMboe from 8.9 MMboe (as announced on 2 May 2019)
· Net daily production is expected to rise to approximately 196 bopd from 106 bopd, based on current production
Peter Francis, Non-Executive Chairman of ADM Energy plc, said: "The completion of this deal consolidates our position in the Aje Field, a proven and versatile oil producing asset offshore Nigeria. We nearly double our share of revenue, reserves and net production, and with the joint venture partners targeting three new wells in 2021, net daily production to ADM is projected to rise to as much as 1,000 barrels per day."
https://www.lse.co.uk/rns/ADME/adm-completes-eer-transaction-hqev31gl4fuo4pd.html
24 Nov 2020
Director purchase shares at average 5.58p
https://www.lse.co.uk/rns/ADME/director-share-purchase-0tqvuarme07h4ci.html
12 February 2021
Bidstack Group Plc
("Bidstack" or "the Company")
Bidstack Teams Up With Moat by Oracle
Beta measurements taken in January and February 2021 verify Bidstack as a reliable in-game advertising channel for brands to engage global gaming audiences
Bidstack Group Plc (AIM: BIDS.L), the native in-game advertising platform, is pleased to announce the first results of its collaboration with Moat by Oracle ("Moat"), sharing verified general invalid traffic ("GIVT") figures from a campaign featured in Football Manager 21 in the United Kingdom, and run by Dentsu's DGame on behalf of a leading global financial institution in January and February 2021.
Moat's preliminary analysis of Bidstack's PC inventory compared to Moat's Global Q3 2020 Display benchmarks suggests Bidstack's overall PC GIVT is currently performing ~3.5x better than the industry benchmark of 2.9% GIVT (Moat Q3 2020 Desktop Display Benchmark), with more than 99% of observed impressions verified as GIVT free.
GIVT is a key component under the industry umbrella term of ad fraud, which stems from invalid, malicious or fraudulent activity that generates illegitimate ad impressions. According the eMarketer's "Global Digital Ad Spending Update Q2 2020" report (1), worldwide digital ad spend is expected to reach $526 billion by 2024, making the fight against ad fraud more important than ever.
"It is vital for brands to be able to verify whether their ads are being delivered to a real person when running in-game advertising. Moat by Oracle is excited to work with Bidstack to give brands the confidence to invest in in-game advertising on a global scale," said Mark Kopera, head of product for Moat by Oracle.
The Directors believe today's announcement is another milestone in Bidstack's commitment to create the most trustworthy in-game platform for brands, advertisers and game developers. This follows Bidstack's acquisition of cybersecurity business Pubguard in 2019 as an independent subsidiary.
"We are very impressed with Bidstack as a trustworthy in-game media channel for our clients, and having their numbers validated is further proof that they're ready to unlock the potential of the gaming audience for advertisers," said Luke Aldridge, client partner at Dentsu's DGame.
"At Bidstack our number one priority is ensuring the integrity, purity and safety of the gaming experience to both brands and game developers. We are delighted that Dentsu's DGame found reassurance in the data provided by Moat by Oracle and look forward to continuing to create amazing in-game advertising campaigns with the boldest global brands," said James Draper, CEO of Bidstack.
https://www.lse.co.uk/rns/BIDS/bidstack-teams-up-with-moat-by-oracle-cpan53s0twrcnn8.html
Mediazest to announce results soon.
Should have been announced 31 Jan, but they will have to announce anytime now.
"21 December 2020
MediaZest Plc
("MediaZest", the "Company” or the “Group”; AIM: MDZ)
Timing of Financial Results
MediaZest (AIM: MDZ), the creative audio-visual company, hereby provides shareholders with an update on top line results for the 18-month period ended 30 September 2020 (the “Period”).
The audit of the Period is underway and expected to complete in January 2021, with results announced and accounts sent to shareholders shortly thereafter. Information regarding MediaZest’s next Annual General Meeting (“AGM”) will also be made available at that time. The AGM will be held before 31 March 2021.
The results for the Period, which are subject to completion of the audit, are expected to show Group revenue in excess of £3 million."
https://www.lse.co.uk/rns/MDZ/timing-of-financial-results-ij9r3wmkluk3wqb.html
https://www.alaskajournal.com/2021-01-20/aidea-forecloses-mustang-assets-after-70m-investment
ALPHA ENERGY
May 2017
Alpha Energy: Dean Lloyd Gallegos resigned from Alpha Energy
https://www.alphaenergy.com.sg/
At present, a major focus is on one very large energy asset we have recently acquired - the Mustang oilfield in the North Slope of Alaska, USA.
MUSTANG ENERGY (IPO 2019)
Dean Lloyd Gallegos (Managing Director) holds 19.40% of Mustang Energy
Mustang Energy is an Special Purpose Acquisition Company (SPAC) listing on the Standard List of the Main Market of the London Stock Exchange, with the intention to use strong management experience and relationships to acquire interests in low cost, low risk development projects that possess significant undeveloped upside with access to existing infrastructure.
http://www.mustangplc.com/documents/Mustang%20Energy%20PLC%20-%20IPO%20Presentation%20July%202019.pdf
Alaska development bank forecloses on oil field assets after $70 million investment
https://www.adn.com/business-economy/energy/2021/01/21/alaska-development-bank-forecloses-on-oil-field-assets-after-70m-investment/
Time for Mustang Energy to step in
Special Purpose Acquisition Company (SPAC)
with Low Market Cap 2m
and Very Low Free Float
Current Major Shareholders hold 91.29%
http://www.mustangplc.com/shareholders.php
This is waiting to BLOW
Glimpse Protocol has already developed an exciting partnership with Iconic Labs Plc giving access to premium platforms including JOE Media. Commenting on the collaboration, Iconic Labs COO Samuel Regan Asante commented, “We are excited by our partnership with Glimpse Protocol who are leading the way in cookie-less technologies in the Adtech industry. Iconic Labs is aiming to establish itself as a leader in both the tech and media fields and Glimpse Protocol’s technology presents the perfect balance of the two.”
https://www.uktech.news/news/lovefilm-co-founder-backs-former-army-officer-startup-in-13m-funding-to-protect-peoples-privacy-20210125
Business Post
Iconic Labs hits back at claims by major shareholder
https://www.businesspost.ie/media-marketing/iconic-labs-hits-back-at-claims-by-major-shareholder-51d95ce6