Member Info for chriszzr

27/01/21 18:12 712,170 22.51 0.00 0.00 £160,309.47 Buy
27/01/21 17:35 150,000 0.19 0.00 0.00 £277.50 Buy
27/01/21 17:35 150,000 0.19 0.00 0.00 £277.50 Buy
27/01/21 17:29 464,693 18.03 0.00 0.00 £83,760.91 Buy
27/01/21 17:28 450,000 18.33 0.00 0.00 £82,498.50 Buy
27/01/21 17:26 529,052 18.90 0.00 0.00 £99,990.83 Buy
27/01/21 17:08 485,000 29.25 0.00 0.00 £141,862.50 Buy
27/01/21 17:07 250,000 29.25 0.00 0.00 £73,125.00 Buy

Taken info from the Co website
Total number of shares traded after the RNS was 8.4m, that assumes that they were all sales
Hardly enough to justify the 38% drop in price
The metals are still in the ground after all!

Could be an explanation, raise cash at 29p to take advantage of exercising his 40m options
Options which may be lost in the event of a full sale!

26-Jan-21 08:00:04 29.70 500,000 Sell* 29.50 30.50 148.50k UT

Thanks Regulator

Is the big order on hold ?

Take a look at this lot posted after close

Date Time Price Quantity Value
Jan 25, 2021 16:27:26 79.40p 22,000 £17,468.00
Jan 25, 2021 16:21:52 78.00p 25,000 £19,500.00
Jan 25, 2021 16:06:54 78.80p 25,367 £19,989.20
Jan 25, 2021 15:58:05 76.12p 25,000 £19,030.00
Jan 25, 2021 15:56:19 77.44p 25,808 £19,985.72
Jan 25, 2021 15:51:38 75.90p 27,395 £20,792.81
Jan 25, 2021 15:48:18 74.99p 22,226 £16,667.28
Jan 25, 2021 15:47:50 75.40p 25,409 £19,158.39
Jan 25, 2021 15:29:52 76.15p 17,513 £13,336.15
Jan 25, 2021 16:26:50 79.20p 10,000 £7,920.00
Jan 25, 2021 16:20:45 79.40p 10,000 £7,940.00
Jan 25, 2021 15:20:17 75.55p 19,872 £15,013.30
Jan 25, 2021 15:17:12 75.80p 19,807 £15,013.71
Jan 25, 2021 16:16:08 77.66p 15,000 £11,649.00
Jan 25, 2021 16:15:58 77.66p 15,000 £11,649.00
Jan 25, 2021 16:13:06 79.25p 10,000 £7,925.00
Jan 25, 2021 17:07:34 78.00p 308,850 £240,903.00
Jan 25, 2021 16:05:27 78.79p 8,781 £6,918.55
Jan 25, 2021 16:04:21 77.06p 12,999 £10,016.38
Jan 25, 2021 16:02:52 77.01p 10,000 £7,701.00
Jan 25, 2021 14:59:31 76.90p 17,063 £13,121.45
Jan 25, 2021 15:58:51 76.20p 8,662 £6,600.44
Jan 25, 2021 15:54:53 76.88p 16,000 £12,300.80
Jan 25, 2021 14:51:19 76.02p 24,848 £18,889.45
Jan 25, 2021 15:51:03 75.40p 13,254 £9,993.52
Jan 25, 2021 15:48:54 74.98p 13,320 £9,987.34
Jan 25, 2021 15:48:45 74.66p 9,349 £6,979.96
Jan 25, 2021 15:48:39 74.98p 10,000 £7,498.00
Jan 25, 2021 15:47:41 75.40p 10,800 £8,143.20
Jan 25, 2021 15:47:34 75.40p 10,000 £7,540.00
Jan 25, 2021 15:45:14 74.50p 13,851 £10,319.00
Jan 25, 2021 14:39:56 76.00p 23,232 £17,656.32
Jan 25, 2021 15:37:34 75.02p 10,000 £7,502.00
Jan 25, 2021 15:37:10 75.05p 15,758 £11,826.38
Jan 25, 2021 15:37:01 75.80p 10,000 £7,580.00
Jan 25, 2021 15:36:32 75.93p 10,116 £7,680.57
Jan 25, 2021 16:35:21 78.00p 733 £571.74

https://allafrica.com/stories/202101220179.html

"We concluded a very successful acquisition in 2019, despite the collapse of oil price globally and despite the hardship in the global economy. We remain focused on acquisitions. We have continuously maintained that we are committed to price-sensitive acquisitions. That means we do not overpay.

"So, as the industry changes, it means that the prices that buyers are willing to pay will continue to change, and we will adapt and continue to do our acquisitions," he said.

According to Wood Mackenzie, opportunities clearly exist in Nigeria's 2020 marginal field bid round, even as it warned that investors will need to carry out an in-depth screening process to assess the commercial viability of the fields on offer and identify high potential targets.

"Our commercial review gives investors the data and insights to screen opportunities using their own priorities. Additionally, the ability to design robust field development plans will be key to optimising the initial capital investment, time to first oil, subsequent development opportunities, and cash flows," it said.

On the development of the oil and gas industry, Auwalu said: "The industry has grown over the years from exploration licences granted to several companies to have strong national aspirations. We have nine basins that are critical to the nation for oil and gas. We have the technical capacity to produce 2.79mmb/d. About 200 per cent of proven reserves produced in Nigeria in 1970 were replaced by new reserves. The oil and gas sector remains critical in driving the economy.

"DPR's licence remains an enabler of investments. We are also trying to ensure that standards are followed through conformity assessment and technology adaptation."

Before now, there was insignificant regard for marginal fields in the oil and gas sector of the nation's economy. This is so because the marginal fields have negligible reserves and production potential, which are, however, deemed immaterial for a variety of reasons.

Some of the reasons for classifying them as inconsequential are that they have remained untapped or unexploited for a period of over 10 years. Notably, the marginal fields exist under current Oil Mining Leases (OMLs).

As a result of their seeming unimportance and subsequent disregard on the part of the operators in the oil and gas sector, less attention was paid to them, chiefly because of their outward semblance as something that would be unprofitable if ventured into.

However, the multinational companies that seemed to have discovered their inherent potential were committed players in that 'neglected' area of the oil sector and had profited from their operations in advance as local operators were disinterested in venturing into such insignificant sub-sector and were not licenced for operations.

However, realising the importance of the marginal fields, the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR) that are the supervising parastatals

Nigeria: Giving Nigerian Firms Voices in the Oil Sector
22 JANUARY 2021
This Day (Lagos)
By Nume Ekeghe
The participation of local players in the oil and gas sector, especially strong operators with the capacity to develop technically-challenging oil fields, is mounting and this is backed by the declaration by the Ministry of Petroleum Resources who is bent on getting them to play more roles in the sector.

AMNI Petroleum, Shoreline Energy, Aiteo, Neconde Energy, Seplat Petroleum and Belema Oil are strong operators with the capacity to develop technically-challenging oil fields. And getting them to play more roles in the sector, according to the Minister of State for Petroleum Resources, is beyond lip service. He has the backing of President Muhammadu Buhari in this onerous task.


Indeed, the participation of the local players has given rise to a boost to the reduction of gas flaring in Nigeria, with several Nigerian marginal fields recognised under the United Nations (UN) Clean Development Mechanism for their successful reduction of flaring and valorisation of natural gas.

Following its marginal fields licencing rounds in the 2002/03 rounds, which resulted in the award of 24 fields to 31 indigenous companies, Nigeria's Department of Petroleum Resources (DPR), last year, released guidelines on 2020 licencing round.

Under the 2020 licensing round, 57 fields located onshore, swamp, and shallow offshore terrains are on offer exclusively to local operators while opening up various avenues for partnerships with international capital and technology providers.

With many oil-producing economies recording low revenue as a result of the COVID-19 pandemic, the DPR embarked on the licencing round, not just for field development but also to earn foreign exchange for the country.


The Federal Government, according to report, may earn no less than $5.7 billion, if it succeeds with its ongoing bid rounds for the 57 marginal oil fields being offered to investors.

Although no specific cost is attached to each oilfield by the DPR, the regulator said the fields have a lower cost of investment ($50-100 million) and risk of development as compared to major capital projects.

If all projections become real as expected, the additional $5.7 billion prospect is much higher than the loans the government sought from Bretton Woods institutions within the last few months, and which will help in addressing the effects of the Coronavirus pandemic.

According to Wood Mackenzie, the 25 largest oilfields have the potential of unlocking $9.4 billion of investment over the first five years and generate over $38 billion in revenue as the fields last. Interestingly, over 600 companies indicated interests in the fields in the thick of the pandemic.


There are some successful marginal field players, such as Seplat Petroleum Development Company Plc, that have shown interest in acquiring more assets.

This much was confirmed by Chairman of Se

10p

?

Dan
I would have thought that if the BOD cannot conclude a deal in the 12 months Trafigura may take their available funds elsewhere, the clock is ticking down

I wonder if the last two 8.5's filed by UBS for only 2 and 3 shares were a coded message to their clients to cease trading and hold ?
There was speculation that UBS and NN were meeting in Switzerland today, is there any truth in that?

Was this actually a buy?
19-Jan-21 16:01:58 2.76 5,000,000 Sell* 2.80 2.85 138.00k O

Normally filed before noon

Let us hope that a deal is concluded before the expiry date!

US market was closed yesterday for Martin Luther King day

No

It looks as though some good news is about to break