Anyone else on here think JP has been in talks for a while with a major ?
Price for TE10 success and a price for TE10 failure ?
11.80 paid 13% up
TIDMPXOG RNS Number : 2211A Prospex Oil and Gas PLC 28 May 2019 Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas 28 May 2019 Prospex Oil and Gas Plc ('Prospex' or the 'Company') Onshore Romania - New Exploration Well Update Prospex Oil and Gas Plc, the AIM quoted investment company, has been advised by the operator, Raffles Energy S.R.L. ('Raffles'), that all relevant permits are now in place to drill the Bainet West prospect ('Bainet West') on the Exploration Area of the EIV-1 Suceava Concession (the 'Concession' or 'Suceava'), North East Romania. The civil engineering works at the drilling site started yesterday with the aim to allow on-site mobilisation of the drilling contractor in the second half of June. Subsequent drilling operations at Bainet West are expected to commence around end-June / early-July. Prospex's wholly-owned subsidiary, PXOG Massey Limited, holds a 50% non-operated interest in the 984 sq km Concession. Bainet West is well defined on 2D seismic with similar seismic attributes to Suceava's Bainet field which was discovered by the Bainet-1 well in November 2017. The Bainet West prospect lies at a similar depth and is similarly positioned in relation to a fault. Bainet-1 was drilled to a total depth of 600m and encountered 9m of reservoir with 8m of net gas pay consisting of a good quality Sarmatian sandstone reservoir, similar to that found in fields producing in and around the Concession. If a commercial discovery is made, it would be likely put on production in a similar fashion to Bainet-1, via a flowline link to Bilca gas processing plant. Civil works and well site preparations for Bainet West will take several weeks and are expected to be completed in time for the contracted rig to be on site before end-June 2019. Exact timings are dependent on the rig being mobilised from its current location, but drilling is expected to commence shortly after the rig arrives on site. The drilling and testing programme at Bainet West is expected to take 15 - 20 days, and the Company will provide a further update around the time of commencement. Prospex Non-Executive Chairman, Bill Smith, said, "Bainet West will be Prospex's third well in less than 24 months. The previous two, Bainet-1 in Romania and Podere Maiar in Italy, were both drilled on budget and on schedule and both resulted in commercial gas discoveries. Thanks to Bainet West having similar seismic attributes to nearby producing gas fields in and around the Concession, its excellent definition on 2D seismic, its close proximity to existing gas infrastructure, and its cost-effective drilling programme, the new well has a highly attractive risk/reward profile and therefore represents a compelling opportunity to build on our successful track record. "With drilling operations on course to commence at Suceava in summer 2019, plans being advanced to bring the Selva gas field in Italy into production in 2020 at a rat
I think JP has had talks already. The decision to sell the asset came very quickly
TIDMAEX RNS Number : 0612A Aminex PLC 24 May 2019 24 May 2019 Aminex plc ("Aminex" or "the Company") Board and Management Changes Aminex regrets to announce that, due to health reasons, Jay Bhattacherjee will step down as Chief Executive Officer and director of the Company with immediate effect. The Board of Aminex has appointed Tom Mackay as interim Chief Executive Officer, with immediate effect. Tom joined Aminex in September 2014 as a non-executive director and is currently the Senior non-executive director on the Board. The Board in due course will commence the process for the recruitment of a new Chief Executive Officer. Linda Beal takes over as the Senior non-executive director. John Bell, Chairman of Aminex PLC, said: "We are all very sorry that Jay has had to step down at short notice due to a medical condition which requires immediate attention. Since he joined the Company in 2013, he has overseen a number of projects, most notably the progress on the Ntorya Field, and has been a well-respected colleague. We wish Jay all the very best as he focusses his efforts on his health in the coming months." The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Ends Notes to Editor Tom Mackay is a Geologist/Petroleum Engineer with a successful career in petroleum operations, management and financing. With a BSc (Hons) in geology from Durham University, he began his career as a Petroleum Engineer with Shell and subsequently moved to Clyde Petroleum PLC where he became Manager, Existing Ventures until it was acquired by Gulf Canada in 1997. Since then he has been an active petroleum consultant on acquisition and new venture projects with a wide range of clients, including Petrofac and Enquest. For a period he served as CEO of a private E&P company, Oil Quest Holdings Limited and from 2002 to 2007 he held senior management positions at Stratic Energy Corporation. He is currently a Partner in Gemini Oil & Gas Advisors LLP which acts as technical and financial advisor to the Gemini Oil & Gas Funds, investing in global appraisal and development projects. He was appointed a Director of Aminex in September 2014.
150k shares bought
50k seller Dumping
RNS Number : 9033Z Sound Energy PLC 23 May 2019 23 May 2019 Sound Energy plc ("Sound Energy" or the "Company") Board Changes Sound Energy, the Moroccan focused upstream gas company, is pleased to announce the appointment of Simon Davies as Independent Non-Executive Chairman of the Company with immediate effect. Simon Davies is an experienced Chairman with a wealth of City experience, including former positions as Executive Chairman of Threadneedle Asset Management, Chairman of JP Morgan Global Growth & Income PLC and Non-Executive Director of Grainger PLC and Old Mutual Wealth Management, and previously served as Chairman of the Investment Management Association. Mr. Davies was previously the Chairman of Sound Energy's Board between 2014-2016 and a Non-Executive Director of the Company from 2005-2010. Richard Liddell, the Company's previous Independent Non-Executive Chairman, will continue as an Independent Non-Executive Director of the Company. Stepping down as Chairman will enable Mr. Liddell to devote additional time to his other business interests. In addition to his appointment to the Sound Energy board of directors, Mr. Davies, aged 60, holds or has held the following directorships or partnerships in the past five years. Current Previous (last five years) - Square Mile Investment Consulting and Research Limited LCH Limited Quilter PLC Sound Energy PLC Cranview Properties Limited Grainger PLC JPMorgan Global Growth & Income PLC Mr. Davies is beneficially interested in or controls a total of 17,669,000 ordinary shares in the Company, representing 1.67% of the Company's issued ordinary share capital. James Parsons, Chief Executive, commented: "I would like to thank Richard for his contribution and counsel during his tenure as Chairman, and am delighted he will remain on the board as a Non-Executive Director. I look forward to working with Simon again and know he will bring a huge amount to the Board at an important time for the Company."
Got rid of a few
My personal opinion this was already lined up maybe not the sale but the decision to sell. I don’t think JP and crew made their minds up since the RNS yesterday to sell the play!! And to make the decision to sell they must have a valuation in mind that is matched to a buyers expectations
Will be interesting to see if JP elaborates on the progress of sale discussions. Has a figure been discussed with potential buyers already?
Up for sale
Indeed
I would like to see the directors paid in shares not cash moving forward. Then hopefully they ll prioritise getting the SP to move the right way
Well there were no leaks this time. No big sells before the RNS
Bit of a bounce Into the 11’s
Strong start 3.44 paid
Looks like next week for TD for the gas zone then continue for the oil. So people Excluding wressle and Biscathorpe Any guesses on that sp for A) Gas find only B) Both gas and Oil
Morning All
Into the 0.14's we go.
I would say so. I m sure DB is keen to maximise the value of the play