Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“We are pleased to partner with AMNS and to supply the growing industrial LNG demand in India, a country that aims to more than double the share of natural gas in its energy mix by 2030 compared to today,” said Thomas Maurisse, Senior Vice President LNG at Total. “The supply of LNG will contribute to the reduction of AMNS’s carbon emissions, in line with Total’s ambition to offer its customers energy products that emit less CO2 and to support them in their own low-carbon strategies.”
https://www.lse.co.uk/rns/TTA/india-total-signs-5-year-lng-supply-agreement-with-arcelormittal-nippon-steel-e56avcfq1a1cv6c.html
Same response.
' The completion and transfer of GSPC's PI to Oilex is also subject to the approval of the Government of India (GoI). The GoI has been kept appropriately informed at all stages of discussions with the aim of securing approvals for the PI transfer in a favourable time frame.'
Many thanks for reply/answer Gordon.
Was the cash call for US$5m the Eod and EoW which were withdrawn 9 Sep 2019?
On 9 September 2019, the Company announced that it had reached a settlement with GSPC to resolve the ongoing Cambay PSC dispute whereby GSP will complete a sale process for its PI in Cambay PSC. Pursuant to the settlement, the Event of Default and Event of Withdrawal declared by Oilex with regard to the Cambay Field Joint Operating Agreement have been withdrawn and the arbitration proceedings, which had been lodged by GSPC with Singapore International Arbitration Commission, have been terminated. Furthermore, GSPC has also undertaken to remove the stay order granted in the High Court of Gujarat which is anticipated to be completed in October 2019. The commencement of the sale process comes following the Company's expansion into the Cooper Basin and, pending completion of the transaction, the East Irish Sea.
From Dec2020 Quarterly report...
'During the quarter, Oilex did not receive any payments towards outstanding cash calls from its Joint Venture partner. Total outstanding cash calls from GSPC - Est. USD$5.5 million (inclusive of the Est. USD$3.054 million pursuant to the Event of Default (EoD) issued in 2018).
Conger or Gordon what's the debt history of US5m outstanding payments to Oilex from GSPC, can you shed more light?
'In addition, the Company anticipates receiving cash proceeds of US$0.54m in regard to outstanding GSPC cash calls for the Cambay PSC and cash proceeds of US$0.29 million in regard to the sale of Bhandut.'
Can only see the figure of US$0.54m mentioned for Cambay PSC.
Obone...taken from RNS 23Apr.
'Further to Oilex Ltd's (Oilex or the Company) announcement on 21 April 2021 in respect of its arranged equity capital raising of £2.4 million (A$4.3 million), the Company is pleased to announce it has issued 84,375,000 new ordinary shares comprising a partial completion of the 405,000,000 Tranche 1 ordinary shares. The remaining balance of 320,625,000 Tranche 1 ordinary shares is anticipated to be issued in early May 2021.'
Please note the figure 84,375,000 has been issued.
Remaining 320,625,000 is the balance of the 1st tranche to be issued.
Unavailableagain with 12 posts to your name mind your language; not called for
Try reading the RNS; 'further 320,625,000....Tranche 1'
I mis-read this first time as well on the RNS...
All it's saying is that that 1st tranche of shares have been allocated to the creditors.
The 405,000,000 Tranche 1 ordinary shares have now been fully issued and proceeds received.
With so much promise in the next few months these are exciting times.
Tranche 1: 405,000,000 ordinary shares issued at GBP 0.238 pence for £0.964 million under the Company's existing ASX LR7.1 capacity. Completion of this equity issue is anticipated in early May 2021.
Don't think they have been released yet.
1 billion new shares with no new good news will hammer the sp in May.
https://www.baronoilplc.com/projects/peru-block-xxi-el-barco/
Tranche 1: 405,000,000 ordinary shares issued at GBP 0.238 pence for £0.964 million under the Company's existing ASX LR7.1 capacity. Completion of this equity issue is anticipated in early May 2021.
Tranche 2: 603,403,361 ordinary shares issued at GBP 0.238 pence for £1.436 million subject to shareholder approval being obtained. Completion of this equity issue is anticipated in late May 2021.
'Drilling is expected to complete in the second quarter of this year, once the binding sales and purchase agreement, and funding arrangements, are completed. ' Taken from https://www.thearmchairtrader.com/oilex-ltd-shares-can-cambay-field-potential-transform-the-company/