Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
TIDMPXOG
RNS Number : 4306E
Prospex Oil and Gas PLC
04 July 2019
Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
4 July 2019
Prospex Oil and Gas Plc ('Prospex' or the 'Company')
Annual General Meeting Statement
Prospex Oil and Gas Plc, the AIM quoted investment company, is holding its Annual General Meeting ('AGM') later today. At the meeting, Ed Dawson, CEO of Prospex, will make the following statement:
"The commencement of gas production at our 50%-owned Bainet field in Romania, the assignment of 2P gas reserves of 2.26Bcf to our 17% interest in the Selva field onshore Italy, the reporting of a GBP779,904 net profit for the year ended 31 December 2018 - all the above represent firsts for Prospex Oil & Gas and all have been achieved in just over a 12-month period. These milestones and the speed in which they have been met are testament to the quality of our portfolio of late stage European onshore projects, which also includes the large Tesorillo gas project in Spain; our management and technical teams who are responsible for securing material interests in viable projects at attractive prices; and the successful execution of defined work programmes to unlock value.
"With first production, first reserves and first profits all now booked, we are hungry for seconds. Specifically, bringing a second field into production and, subject to further success on the ground, reporting a second net profit for 2019 are targets for the Company over the next twelve months. Progress is being made. Following excellent test flow rates at the Podere Maiar well in January 2018, the Selva field on the Podere Gallina licence onshore Italy was declared a commercial discovery. Since then we have been working with our partners to bring Selva online as rapidly as possible. With this in mind, January 2019's preliminary award of a production concession for Podere Gallina keeps first production on course to commence in 2020 at a gross rate of up to 150,000m3/day.
"The final award of the production concession will not just cover the Selva field, but also multiple follow-on targets and prospects on Podere Gallina, including targeting the up dip of two of Selva's historic gas producing North Flank and South Flank reservoirs. These are estimated by geophysical services consultancy, CGG Services (UK) Limited ('CGG') to have a 60% - 70% chance of holding 14.1Bcf of gross contingent resources ('2C'). In addition, CGG has assigned aggregate gross prospective resources (best estimate) of 91.5Bcf to four further large prospects. In all, our 17% interest in Podere Gallina currently equates to net 2P reserves / 2C resources / prospective resources of 2.26Bcf / 2.40Bcf / 15.56Bcf respectively, providing significant asset backing to the Company, particularly when compared with our current market valuation.
"Activity in the year ahead will not be confined to Italy. At the 38,000ha Tesorillo Project in southern Spain, multi-strand w
Might be a speeding ticket RNS at this rate
38% up
10.50 paid for 200K
Well they ve been snapped up by others
Fraser reduced from 15% to 5,6%
Tr1
TIDMUJO RNS Number : 7157D Union Jack Oil PLC 27 June 2019 Market Abuse Regulation (MAR) Disclosure Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement 27 June 2019 Union Jack Oil plc ("Union Jack" or the "Company") West Newton Update and Investor Presentation Union Jack Oil plc (AIM: UJO), a UK focused on-shore hydrocarbon production, development and exploration company notes that Rathlin Energy (UK) Limited ("Rathlin"), the operator of PEDL 183, today communicated the following to local residents as part of its participation in the West Newton Community Liaison group. Union Jack holds a 16.665% interest in this licence containing the West Newton A-1 discovery well and the recently successful West Newton A-2 conventional appraisal well. Rathlin included the following statements in its communication to local residents: "Rathlin Energy (UK) Limited has recently completed the drilling operations at the West Newton A site. The West Newton A-2 well was drilled to a total depth of 2,061 m MD into the top of the Westphalian Coal Measures. 28 metres of core was cut and recovered from the primary objective Kirkham Abbey reservoir and wireline logs were also acquired over the formation. The well has been cased and cemented to total depth and has been temporarily suspended, pending further evaluation. "The drilling rig and associated equipment have been demobilised from the site. Fosham Road/Piper's Lane, and the associated footpaths, have been re-opened to the public. "The information acquired while drilling is currently being analysed to inform a well testing programme. Planning permission is in place for an extended well test. Any proposed testing programme would involve much less equipment on site than that required for the drilling programme. "Recent articles in the local media and market releases from Rathlin's partners describing potentially the largest onshore hydrocarbon discovery since 1973, have many people in the local area naturally wanting to understand what the development of a commercial oil or gas field in the area might involve. "We believe that speculating on the nature and size of a commercial development is premature at this stage, but early signs are encouraging. Firstly, the West Newton A-2 well must be completed and tested to gauge the productive potential for oil or gas from the Kirkham Abbey reservoir. "Secondly, following the testing of the West Newton A-2 well, additional drilling at a new site (West Newton B) will be undertaken to establish the areal extent and continuity of the reservoir formation. "Oil and gas, by their nature, would have different implications in terms of any potential development. "Gas is typically gathered from wellsites and delivered by under
TIDMAEX RNS Number : 7047D Aminex PLC 27 June 2019 27 June 2019 Aminex plc ("Aminex" or "the Company") CHANGES TO LISTING STATUS At the Annual General Meeting held on 12 June 2019, the shareholders of Aminex approved the proposed transfer of the Company's equity share listing on the Official List of the Financial Conduct Authority ("FCA") from the Premium listing segment into the Standard listing segment (the "Transfer") as described in further detail in the circular to shareholders dated 17 May 2019 (the "Circular"). Accordingly, the Company has now applied to the FCA to effect the Transfer on 26 July 2019. In addition, in line with the stated intention set out in the Circular, the board of the Company has now assessed the cancellation of the Irish Listing and has applied to cancel the listing of the Company's ordinary shares on the official list of Euronext Dublin and cancel admission to trading on its regulated market for listed securities (the "Irish Delisting"). The board of the Company believes that the Irish Delisting is necessary to secure the appropriate flexibility afforded by the transfer to the Standard listing segment in London. The Irish Delisting is not subject to the approval of shareholders of Aminex and is expected to take effect on 25 July 2019. ENDS
Slow start
topped up with 2m showing on Nex
TIDMPXOG RNS Number : 4129D Prospex Oil and Gas PLC 26 June 2019 Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas 26 June 2019 Prospex Oil and Gas Plc ('Prospex' or the 'Company') Bainet-2 Spudding Prospex Oil and Gas Plc, the AIM quoted investment company, has been advised by the operator, Raffles Energy S.R.L. ('Raffles'), that the Bainet-2 well ('Bainet West' or 'the Well') in the Exploration Area of the EIV-1 Suceava Concession (the 'Concession' or 'Suceava'), North East Romania spudded during the afternoon of 25 June 2019. Prospex's wholly-owned subsidiary, PXOG Massey Limited, holds a 50% non-operated interest in the 984 sq km Concession with the balance held by Raffles. The Well is targeting the Bainet West prospect which is lying at a depth of circa 600m. This prospect, which is well-defined on 2D seismic, is a look alike to the Concession's producing Bainet gas field. Specifically, it is located at a similar depth and in a similar position in relation to a fault whilst presenting similar seismic amplitude attributes to the Bainet field, which was discovered by the Bainet-1 well in November 2017. Drilling and testing at Bainet West are expected to take 15 - 20 days to complete. If a commercial discovery is made, it is expected that Bainet West will be put on production in a similar fashion to Bainet-1, via a flowline link to the Bilca gas processing plant, which is less than 1.5km away. Prospex Non-Executive Chairman, Bill Smith, said, "Bainet West was only added to our inventory of prospects in Romania in March 2019 following the Concession's enlargement, so the commencement of drilling a little over three months later is an exceptional achievement, one which is testament to the first-rate operations team on the ground, the business-friendly environment in Romania, and our partner's excellent in-country knowledge and experience. "Bainet-2 is our fourth well in two and half years and follows two discoveries; Bainet-1 in Romania, which is currently on production, and the soon to be producing Podere Maiar-1 in Italy, which is expected to come online in 2020 at a rate up to 150,000 cmpd. With much activity underway across our portfolio including work programmes at the Tesorillo Project in Spain to de-risk 2 TCF of gas unrisked Gross Prospective Resources, I look forward to providing further updates on progress made on the ground, as we focus on closing the huge gap between the value of our assets and our share price." Competent Person Review Carlos Venturini, Fellow of the Geological Society of London, Exploration Manager has reviewed and approved the technical information contained within this press release in his capacity as a qualified person, as required under the AIM Rules. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("M
850k sold reported late
Director shareholding
Echo Energy Echo has announced that the 3D seismic survey across the western cube of its Tapi Aike licence in Argentina has been completed safely and efficiently. Processing of this data has already commenced and credit is due to the company for getting the process started in a timely and economically attractive fashion. Whilst this announcement seems modest, and processing the data will take a while, investors should be pleased that the smaller eastern cubeProcessing is nearing completion which will give the team a good start towards further progress at Tapi Aike. This progress should mean that all remains on track for drilling TA on time with a spud date still anticipated to be Q4 2019 with partner and operator CGC. Accordingly, shareholders in Echo have something to look forward to later in the year and the shares look somewhat undervalued at this level.
TIDMSOU RNS Number : 5403C Sound Energy PLC 18 June 2019 18 June 2019 Sound Energy plc ("Sound Energy" or the "Company") Placing, Cost Reduction Update and Total Voting Rights Sound Energy, the Moroccan focused upstream gas company, announces the conditional placing of new ordinary shares to raise US$3.0 million before costs (the "Placing"). The net proceeds of the Placing of approximately US$2.7 million will strengthen the Company's cash position whilst the Company continues to explore the marketing of its Eastern Morocco portfolio which is expected to conclude prior to the end of 2019. The Company also announces that, in light of the previously announced decision by the Board to pause operations until after the results of the current marketing process, the recently initiated structural cost reduction programme announced by the Company on 21 May 2019 has been extended to include a reduction in the base salaries of all of the Executive Directors amounting in aggregate to a reduction of 29% in these ongoing base salary costs in the six month period from 1 August 2019. Pursuant to the Placing Sound Energy has issued, conditional on admission, 23,830,328 new ordinary shares of 1p each (the "Placing Shares") at a placing price of 10p per Placing Share. The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 24 June 2019. Following the issue of the Placing Shares, the Company's issued share capital will consist of 1,079,570,324 ordinary shares. Each share has one voting right and no shares are held in treasury; these figures may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. For further information please contact:
Nearly 2bn shares traded. Let the journey now begin. Well done Dave and team. Now let’s see who has pockets deep enough to buy the acreage.....
Just lit up Heavy buying at 10.58
It’s only 10:30 !!
Have that :-)
531m traded with an hour to go. Placees have easily bagged but haven’t sold. I wonder why ....