Member Info for biglad0001

And a 1.2m

2 x 500k buys. Someone’s having a punt at this price

Nice to see the farm out signed Monday, see it all over the press then watch the Jam Tuesday morning

Not a game I would play with this share.

DB doesn't want A crew he wants the BEST crew for the job in hand.

That crew is based in Holland.

TIDMAEX

RNS Number : 6562U

Aminex PLC

30 July 2020

30 July 2020

Aminex plc

("Aminex" or "the Company")

Ruvuma Farm-Out Update

Aminex announces that the parties to the Ruvuma Farm-Out Agreement have agreed to extend the long stop date for satisfaction of the conditions to the Farm-Out from 31 July 2020 to 31 August 2020. Aminex and ARA Petroleum Tanzania Limited ("APT") continue to work closely with the Tanzanian Government to obtain approval for the Farm-Out.

Robert Ambrose, Executive Chairman of Aminex commented:

"We are grateful for ARA Petroleum's continued support to the Company as we all strive to close the Farm-Out."

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.

27/07/2020 7:00am
UK Regulatory (RNS & others)

Echo Energy (LSE:ECHO)
Intraday Stock Chart

Monday 27 July 2020
Click Here for more Echo Energy Charts.
TIDMECHO

RNS Number : 0907U

Echo Energy PLC

27 July 2020

27 July 2020

Echo Energy plc

("Echo" or "the Company")

Issue of Equity

Echo Energy, the Latin American focused upstream oil and gas company, announces the conditional placing of new ordinary shares in the Company ("Ordinary Shares") to raise gross proceeds of GBP475,000 (the "Placing").

Pursuant to the Placing Echo Energy has conditionally issued 95,000,000 new Ordinary Shares (the "Placing Shares") at a placing price of 0.5p per Placing Share, with warrants attached to the Placing Shares on a 1-for-1 basis. As a result, the Company has also conditionally issued 95,000,000 warrants to subscribe for new Ordinary Shares at a price of 1.0p per new Ordinary Share (being a 54 per cent premium to the closing mid-market price per Ordinary Share price on Friday 24 July 2020) at any time until the second anniversary of issue (the "Placing Warrants"). In addition to the Placing Warrants, the Company has also conditionally issued 5,700,000 warrants to subscribe for new Ordinary Shares at any time until the second anniversary of issue and with an exercise price of 0.8p per Ordinary Share ("Fee Warrants") in respect of fees incurred in connection with the Placing.

The Placing Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares and application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place on or around 8.00 a.m. on 10 August 2020.

The net proceeds of the Placing of approximately GBP450,000 will strengthen the Company's cash position, will enable acceleration of prioritised activities in respect of the previously announced initial portfolio of workover and intervention operations at Santa Cruz Sur in Argentina and be applied towards the Group's general working capital requirements.

Following the issue of the Placing Shares, the Company's issued share capital will consist of 806,717,587 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. Novum Securities Limited ("NSL") is acting as placing agent to the Placing and the issue of the Placing Shares, the Placing Warrants and the Fee Warrants are conditional on Admission and on a placing agreement between the Company and NSL becoming unconditional in all respects and not being terminated in accordance with its terms.

Yes 2

Either they know it’s not happening and jumped .....

Or

For the Farm Out to complete they are wanted out the equation

TIDMAEX

RNS Number : 0723U

Aminex PLC

24 July 2020

24 July 2020

Aminex plc

("Aminex" or "the Company")

Directorate Changes and Update on AGM

Aminex announces that John Bell, Chairman and Linda Beal, senior non-executive director, have stepped down as non-executive directors of the Company with immediate effect. Robert Ambrose has taken on the role of interim Executive Chairman and the Board will commence the process for the recruitment of replacement directors.

AGM

The Company has continued to monitor Government restrictions on gatherings indoors and confirms that this year's Annual General Meeting, to be held at 2 pm on Wednesday 29 July 2020, will be a closed meeting. Accordingly, shareholders will not be admitted to the Annual General Meeting however they will be able to listen to the proceedings of the meeting remotely by teleconference using the dial-in details below. Please note that there will not be a presentation accompanying the formal business of the meeting.

United Kingdom (local) 020 8322 2500
Ireland (local) 01 4360958
All other locations +44 (0) 20 8322 2500
Listen-Only Access Code 475052
R obert Ambrose, interim Executive Chairman of Aminex commented:

"I would like to thank both John and Linda for their hard work and contribution to the Board over the last few years and we wish them all the very best for the future. Regarding the Ruvuma Farm-Out, the Company continues to work very closely with the Tanzanian authorities with a view to completing this as soon as possible."

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.

Echo Energy, the Latin American focused upstream oil and gas company, announces that it has successfully restructured its relationship with Compañia General de Combustibles S.A. ("CGC" or "the Operator") on an interest in the Tapi Aike licence (the "Licence" or "Tapi Aike"). The new agreement, in line with the Company's immediate focus on optimising capital allocation, enables Echo to cease commitments to ongoing pre-drill expenditure at Tapi Aike, whilst maintaining an option for the Company to re-enter the western cube (Traversia de Arriba) of the Licence (the "Western Cube") once pre-drill technical activities have been completed by the Operator and Echo has assessed the data available.

In line with the Company's focus within its portfolio on cash generative production and on reducing costs, while maintaining exposure to exploration and development opportunities, Echo has entered into an agreement with the Operator to reposition the Company's 19% participating interest in Tapi Aike such that Echo is relieved of all Licence funding requirements including ongoing pre-drill work and remaining Licence commitments (including well costs, abandonment fees and decommissioning liabilities) through a withdrawal from Tapi Aike with an effective date of 1 July 2020 and the grant of an option to the Company allowing the Company to re-enter a 19% participating interest in the Western Cube (the "Option") ahead of the next well spud in the Western Cube drill programme (the "Relevant Well") providing access to exploration upside.

The Western Cube and the exploration potential it provides remains strategically important for the Company and while management's technical view of its prospectivity remains unchanged ahead of final data evaluation, the restructuring affords the Company an opportunity to re-evaluate its ongoing commitment to the Western Cube and to the related future costs and liabilities at a later date - with the benefit of being able to make that commitment with greater visibility of well costs, technical data and market conditions at the time.

Before the exercise by the Company of the Option, the restructuring is expected to save the Company approximately USD 36,000 a month in operating costs and enables Echo to delay and, importantly, possibly avoid all near term costs and future liabilities associated with a participating interest in the Licence. The consideration payable by the Company to the Operator for the entry of the Option of USD 339,000 represents an amount equivalent to a proportion of amounts that Echo would otherwise be required to meet under existing arrangements in respect of technical work which has already been executed on the Licence but not yet settled. This payment is deferred until the earlier of: (i) the Company receiving a VAT cash refund from the Argentine authorities expected to be in excess of US 1 million, (ii) 12 months from the signing of the Option, or (iii) at the point of the Operator spudding the Relev

0.90 paid back up we go

all buys at the moment including a 2m at 0.822

Lucky man I wish I had that few

30/06/2020 12:45pm
UK Regulatory (RNS & others)

Prospex Oil And Gas (LSE:PXOG)
Intraday Stock Chart

Tuesday 30 June 2020
Click Here for more Prospex Oil And Gas Charts.
TIDMPXOG

RNS Number : 5582R

Prospex Oil and Gas PLC

30 June 2020

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

30 June 2020

Prospex Oil and Gas Plc ('Prospex' or the 'Company')

Result of AGM and Share Capital Reorganisation

Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that all the resolutions proposed at its Annual General Meeting ('AGM') and as set out in the Notice of AGM of 8 June 2020 ('Notice'), held earlier today, were all duly approved by shareholders.

A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 6 were passed as ordinary resolutions. Resolutions 7 to 9 were passed as a special resolutions. The results of the poll were as follows:


VOTES VOTES VOTES VOTES
RESOLUTIONS FOR % AGAINST % TOTAL WITHHELD
1 - TO RECEIVE
THE ANNUAL REPORT
AND ACCOUNTS 333,232,161 99.89% 200,200 0.11% 333,583,161 0
------------ ------- ---------- ------ ------------ ----------
2 - RE-APPOINTMENT
OF DIRECTORS 331,170,502 99.52% 1,449,566 0.48% 332,770,868 812,293
------------ ------- ---------- ------ ------------ ----------
3 - RE-APPOINTMENT
OF DIRECTORS 330,170,502 99.22% 2,449,566 0.78% 332,770,868 812,293
------------ ------- ---------- ------ ------------ ----------
4 - RE-APPOINTMENT
OF AUDITORS 331,982,995 99.25% 2,365,553 0.75% 334,499,348 200,000
------------ ------- ---------- ------ ------------ ----------
5 - RE-APPOINTMENT
OF AUDITORS 330,866,808 99.25% 2,365,553 0.75% 333,383,161 200,000
------------ ------- ---------- ------ ------------ ----------
6 - ALLOTMENT
OF SHARE CAPITAL 327,052,315 98.63% 4,377,646 1.37% 331,583,161 2,000,000
------------ ------- ---------- ------ ------------ ----------
7* - CHANGE OF
NAME 331,867,008 99.49% 1,565,353 0.51% 333,583,161 0
------------ ------- ---------- ------ ------------ ----------
8* - DISAPPLICATION
OF STATUTORY
PRE-EMPTION RIGHTS 319,089,195 96.35% 4,377,746 3.65% 331,162,441 2,420,720
------------ ------- ---------- ------ ------------ ----------
9* - SHARE CAPITAL
REORGANISATION 320,322,008 96.60% 3,565,653 3.40% 331,583,161 2,000,000
------------ -------

TIDMPXOG

RNS Number : 4445R

Prospex Oil and Gas PLC

30 June 2020

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

30 June 2020

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, Edward Dawson, CEO of Prospex, will make the following statement:

"The 2020 Prospex Oil & Gas AGM is unusual, not just because COVID-19 has prevented shareholders from attending and voting in person, but also because a resolution has been put forward for shareholders to vote by proxy to change the Company's name to Prospex Energy Plc. In our view, the proposed name change reflects how far we have come in terms of building a portfolio of onshore European projects that are at various stages of development and cover the entire energy cycle including exploration, development, production and power generation. Today, Prospex has a producing gas field in Romania, an integrated gas and power project in Spain, a gas discovery in Italy that is expected to come online in H1 2021 and a large scale exploration / appraisal project in southern Spain that has the potential to hold up to 830 Bcf of gas.

"It is no coincidence that all our projects target gas as opposed to oil. Historically gas prices are less volatile than oil benchmarks, due in part to the fuel typically being sold to local markets at prices agreed in multi-year contracts, providing a greater degree of predictability to revenues. Natural gas is the cleanest hydrocarbon in terms of carbon emissions when combusted, and so is increasingly viewed as an important transition fuel as the world moves towards net zero emissions. We believe now is the right time to change the Company's name to Prospex Energy as the Board attaches a great deal of importance to its Environmental, Social and Governance ('ESG') obligations and the Company is on course to become a 49.9% owner of an 8.1 MW power station that sells electricity to the Spanish grid, subject to the completion of the transfer of the El Romeral asset.

"The proposed name change is not based solely on the Company's assets today but also on those we expect to acquire in the future. Three of our four core projects are either currently producing gas, such as the Bainet field in Romania and the El Romeral gas and power project in Spain, or being advanced towards first production, as is the case with the Selva gas field in Italy, but all our projects offer multiple follow-up opportunities to substantially grow the number of gas fields within our portfolio.

"At El Romeral in Spain there are, gross contingent resources of 5 Bcf and gross prospective gas resources of 90 Bcf have been identified at two development locations and 11 very-low risk prospects respectively. These provide considerable scope to add to the three producing wells on the licence, which would

Another great piece of business by DB !

0.14 ?? good luck with that

Wed, 17th Jun 2020 18:10

RNS Number : 2944Q
Coro Energy PLC
17 June 2020

17 June 2020

Coro Energy plc

("Coro", or the "Company")



Settlement Agreement



Coro Energy, the Southeast Asian focused upstream oil and gas company, announces that, having received appropriate legal advice on legal action threatened against the Company, it has entered into a settlement agreement with James Menzies, the Company's former Chief Executive Officer, in connection with the termination of his service agreement announced on 2 April 2020 (the "Settlement Agreement"). Under the Settlement Agreement Mr. Menzies has agreed to waive all claims against the Company and will receive a cash termination/notice payment (inclusive of legal fees) of £132,000.

The Settlement Agreement constitutes a related party transaction under the AIM Rules for Companies pursuant to Mr. Menzies directorship of the Company within the last 12 months. The directors of the Company consider, having consulted with the Company's nominated adviser, that the terms of the Settlement Agreement are fair and reasonable insofar as the Company's shareholders are concerned.

For further information please contact:

Coro Energy plc

James Parsons, Non-Executive Chairman



Via Vig

RNS Number : 0218Q

Union Jack Oil PLC

16 June 2020

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

16 June 2020

Union Jack Oil plc

("Union Jack" or the "Company")

Carbon Intensity Study on the West Newton Hydrocarbon Project Rated AA by GaffneyCline

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to publish the positive conclusions of a Carbon Intensity Study on the West Newton hydrocarbon project, located within PEDL183 onshore UK in East Yorkshire, undertaken by GaffneyCline & Associates Limited ("GaffneyCline"), an international petroleum consultancy. Union Jack holds a 16.665% interest in PEDL 183 that includes the West Newton A-1 and A-2 hydrocarbon discoveries.

The Gaffney Cline study highlighted the following:

-- The West Newton project has an AA rating for Carbon Intensity for its potential Upstream crude oil production

-- Carbon Intensities at West Newton are significantly lower than the UK average and compared to other onshore analogues

-- Based on the study, GaffneyCline estimate that West Newton could produce the equivalent of just 5 grams of CO(2) per megajoule of energy created (gCO(2) eq./MJ)

-- The study also highlighted that this number could be further reduced to just 3.5 gCO(2) eq./MJ by applying gas-to-grid technologies

-- As the development proceeds and project knowledge increases, there is potential to improve the Carbon Intensity by further reducing fugitive, flaring and venting emissions through the use of best available technologies

Union Jack`s focus is to minimise emissions and the carbon footprint generated by its hydrocarbon developments in the most efficient way possible, whilst continuing to contribute positively to the growing demand for energy and hydrocarbon products in the supply chain.

The demand for energy is increasing and, as the global economy recovers, hydrocarbons will continue to play an ongoing part in ensuring the energy security of the UK. Union Jack`s development projects are located close to areas with a high demand for energy. As a consequence, the Company believes that locally produced hydrocarbons may provide the benefit of displacing, to some extent, imported hydrocarbons.

The Carbon Intensity study on the West Newton hydrocarbon project was calculated by GaffneyCline, using the Oil Production Greenhouse Gas Emissions Estimator developed at Stanford University and an assessment of the Global carbon intensity of crude oil production which GaffneyCline contributed to. Study parameters were selected from GaffneyCline`s Global field database as well as specific West Newton factors, including a notional development plan and recovery mechanism. The result of this study was benchmarked agains

Busy day for UJO.