Member Info for FlagStaffIR

https://www.londonstockexchange.com/news-article/ANGS/alignment-of-brockham-and-lidsey-licence-holdings/15017213

George Lucan, Managing Director, comments: “Seismic acquisition at Lidsey is complete and reprocessing of newly acquired and existing lines is underway. In line with our husbandry of legacy oil assets, this transfer aligns our interest in Lidsey and Brockham fields at 80% with identical partners in each Licence. It is the Company’s expectation that moderate oil production and the facility of water injection at Brockham, together with 9.7 million barrels of Oil In Place at Lidsey, will represent a good value proposition for shareholders, and for possible farminees, once seismic re-interpretation is complete and permissions are in place for a side-track at Lidsey. ”

If you would like to join the event, please register in advance at the following link:

https://event.webinarjam.com/register/1117/xyy9gsm54

https://www.londonstockexchange.com/news-article/PRD/mou-1-drilling/15013506

https://www.londonstockexchange.com/news-article/PRD/further-issue-of-11-784-845-new-ordinary-shares/15013509

https://www.londonstockexchange.com/news-article/ZPHR/application-to-cross-trade-on-the-u-s-otcqb/15013490

Colin Harrington, Chief Executive of Zephyr, said: "We believe dual trading on the OTC and AIM Markets represents another important step for the Zephyr corporate platform. Dual trading, combined with our recent pledge to achieve carbon neutrality across our operational footprint, will serve to diversify the share register and increase exposure to a broader range of investors, whether U.S.-based or ESG-focused. This action comes on the back of an already increased level of interest from U.S. investors as a result of the recent expansion of our operational footprint in the U.S.

"Over the last 18 months, we've worked hard to complete Zephyr's corporate transformation, and following our admission to trade on the OTCQB, I believe our Company platform will now be optimally structured to benefit from the considerable operational activity planned for the coming months."

https://youtu.be/zvKZIQd66BQ

https://www.malcysblog.com/2021/06/oil-price-serica-longboat-pharos-hurricane-zephyr-lekoil-decklar-and-finally/

https://youtu.be/sTu3P1QlA_U

https://www.malcysblog.com/2021/06/oil-price-zephyr-president-and-finally/

Zephyr Energy (ZPHR LN): Plans to achieve carbon-neutrality across operational footprint by 30 September 2021
Share price: 3.6p, Market Cap: £44m
• Zephyr has confirmed today that the Company intends to achieve carbon-neutrality across its operational footprint by 30 September 2021.
• This is the first step towards near-term delivery of hydrocarbons produced with an operational "net-zero" carbon impact, with the Company leadership committed to this initiative.
• As part of this undertaking, Zephyr has agreed to collaborate with the Prax Group, a British multinational independent oil refining, trading, storage, distribution and retail conglomerate dealing in crude oil, petroleum products and biofuels.
• The Prax Group will work with Zephyr to measure, reduce and mitigate greenhouse gas (GHG) emissions across its businesses, with mitigation efforts primarily focused on the purchase of sustainability/decarbonisation offsets (called Verified Emission Reductions or VER) from reputable pre-vetted developers of sustainable projects.
• This exercise will include Zephyr's current corporate activity, its non-operated production assets in the Williston Basin, North Dakota, US, and its upcoming appraisal drilling project in the Paradox Basin, Utah, US.
• The cost to purchase the appropriate number of VERs to offset Zephyr's growing operational footprint is expected to average well under US$1/bbl of oil equivalent produced, although the net cost to Zephyr may be considerably less given the potential to sell oil volumes at a premium as a result of the anticipated "net-zero" operational carbon status of those volumes.
• Purchases of VERs will be staged in increments matching Zephyr's forecast production profile to facilitate effective cash management.
• Recent market-based evidence suggests that purchasers and supply chain partners of "net-zero" operated volumes are willing to absorb costs associated with the purchase of VER offsets related to oil and gas production.
• Zephyr's initial efforts will be focused on its Scope 1 GHG impacts, which cover all direct emissions from Zephyr-owned or controlled sources - from the drilling and production of operated and non-operated hydrocarbons through to transport to the refinery, as well as all other corporate emissions.
• Over the next few months, Zephyr and the Prax Group will focus on measuring, reducing and mitigating operational GHG emissions across the Company, and Zephyr's pledge to achieve carbon-neutral operations in a rapid manner is demonstrative of Zephyr's commitment to achieving sector-leading environmental standards.
Our take: In addition to the environmental benefits that will result from Zephyr's efforts to reach carbon-neutrality, it will potentially also yield economic benefits, including expanded access to a wider group of potential institutional investors given accelerating ESG requirements of public companies. Zephyr recently entered a new phase of growth and are now a cash-generating

https://www.londonstockexchange.com/news-article/ZPHR/pledge-to-achieve-100-carbon-neutral-operations/15007752

Colin Harrington, Chief Executive of Zephyr, said:

“When we relaunched the Company as Zephyr almost a year ago, the Board unanimously agreed a policy to always operate with two core values in mind: to be responsible stewards of our investors’ capital and to be responsible stewards of the environment in which we work.

“These values are straightforward, fundamental, and at the forefront of every decision we make. It’s why I’m excited that today’s announcement, a pledge to offset 100% of carbon emissions from our operations starting this September, is both a groundbreaking initiative for Zephyr and a major step towards a tangible demonstration of our commitments.

“Zephyr recently entered a new phase of growth – we are now a cash-generating oil producer with plans for near-term development on our flagship Paradox Basin appraisal project. This new phase comes with a corresponding new carbon impact, which is why the timing is right to launch what we believe is an industry-leading environmental commitment. As our existing asset portfolio consists of light, high-quality, low-GHG intensity resource developments, we have confidence that Zephyr is an ideal platform from which to launch this initiative.

“The path forward, albeit nascent and experimental, is grounded in the sentiment that good environmental & operational performance + good governance = superior investor returns. Today’s announcement is illustrative of this thesis. We believe that eliminating our operational carbon footprint is important from an environmental perspective – and we also feel that our shareholders will benefit from the potential for premium commodity pricing, access to a wider pool of institutional investors and cheaper cost of capital, as well as enhanced relations with our regulatory partners.

“We’ve set ourselves an ambitious target to reach carbon neutrality for all operations by the end of September, and I am thankful for our collaboration with Christopher Dillman and his team at the Prax Group for assisting us with this endeavour. Their capabilities in structuring and executing bespoke actionable decarbonisation strategies makes them an excellent fit for Zephyr.

“We look forward to working with the Prax Group team to deliver on this commitment to improve Zephyr’s environmental performance and minimise the impacts of our corporate activity and hydrocarbon production.”

https://www.malcysblog.com/2021/06/oil-price-iog-zephyr-getech-group-and-finally/

https://www.londonstockexchange.com/news-article/TEK/investor-presentation/14969044

https://www.londonstockexchange.com/news-article/ZPHR/final-results-and-notice-of-agm/15005920

Rick Grant, Zephyr’s Non-Executive Chairman, said "The period under review was one of remarkable progress for Zephyr, and I’m confident that in the coming months we will continue to see a flurry of corporate activity. Upcoming operational milestones are expected to occur across our asset portfolio – we expect all of our acquired wells in the Williston Basin to be online and generating significant near-term cash flow soon, and our upcoming drilling and ongoing geologic evaluation activity has the potential to generate considerable value from our Paradox project.

“I am gratified by the growth achieved and I’m proud that we are executing successfully on our twin core values: to be responsible stewards of our investors’ capital, and to be responsible stewards of the environment in which we work.

“The extent of the Company’s recent progress is even more extraordinary when one considers that it was achieved against the turmoil, economic uncertainty and restrictive environment stemming from the COVID-19 pandemic, and I’d like to thank the Zephyr team and our partners and advisers who demonstrated great loyalty, professionalism, tenacity and skill while navigating us successfully through the challenging global environment. Most of all, I would also like to thank our Shareholders for their ongoing support.

“These are exciting times for Zephyr, and we look forward to keeping our stakeholders updated on our continued progress over the coming period.”

https://venturebeat.com/2021/06/03/the-success-of-self-driving-vehicles-will-depend-on-teleoperation/

https://www.malcysblog.com/2021/06/oil-price-challenger-predator-vog-hurricane-and-finally/

Please find a link to Alex Degroote, Analyst at Arden, discussing his initiation note on Glantus - full note can be reached on the Arden web site .
https://youtu.be/zCCjKeHHw_M

https://www.londonstockexchange.com/news-article/PRD/operational-highlights-mou-1-and-placing/15005338
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:
“This month will see the execution of the MOU-1 drilling programme in Morocco, potentially the single most important catalyst to creating near-term shareholder value over the last 3 years. Whilst this is an exciting but immensely challenging, due to COVID, operational milestone for the Company, we have also made progress on developing our upstream and downstream business activities on several fronts on three continents. We are seeking to build significant shareholder value based on our broader portfolio of projects that we have now developed simultaneously with our growth in market capitalisation. A move to AIM is now the logical next step to maintain the momentum for business growth during the Energy Transition. In 2018 we firmly positioned ourselves in a different space with the focus dominantly on C02 sequestration and the upstream gas sector, enhanced by a move into niche LNG opportunities. This was not yesterday’s decision based on changing public attitudes to excessive C02 emissions but rather a strategic focus that foresaw changes ahead for the energy industry before they crystallised.”

Angus Energy
Angus has announced that the Conditions Precedents to drawdown have been met, the full £12 million facility required for the re-development of the Saltfleetby Gas Field and the drilling of the side-track well is now fully available. £5.84 million has currently been drawn down with the balance to be drawn over the coming weeks against invoices in line with the Field Development Plan and the Plans for the acceleration of production through the fast-tracking of the side-track well.

Simultaneous with drawdown, the Company has hedged approximately 70% of the Company’s and its partners’ share of future gas sales, estimated under a conservative projection, for three years beginning in July 2022, providing Angus with downside revenue protection, all the while allowing the Company to capture upside in the event of higher gas prices. The average achieved price under the Hedge, including all fees, costs and charges is 43 pence per therm.

Angus has initiated the following activities to implement its timeline to first gas by the end of 2021: Two gas compressors packages are currently being designed by specialist fabricators in Kent. Each unit is rated at 5 MMscf/d each with Caterpillar gas engines and Ariel reciprocating compressor sections. The engines and compressor ends have been identified and secured for the project. Delivery to site of the first pre-fabricated unit will be in October.

A condensate stabilisation system is being designed by a Hull based engineering group with extensive experience supporting gas production operations in the region. Local UK fabricators have been contacted and build slots identified to allow for equipment manufacture to fit the project schedule. This includes associated options for the Joules-Thompson dew pointing device and a desiccant dehydration system.

Gas commercial sales meter and analyser skid incorporating state-of-the-art Honeywell equipment is completely designed and subsequently reviewed by the National Grid. The equipment is under fabrication in the UK working towards delivery in mid-July.

Detailed design of the process facility continues with Aberdeen based engineering house, Optimus. The current design in progress will be iterated to include final equipment selections and matured into the complete design package. Bulk materials will be ordered based on the specifications developed in the detail design. HSE and Regulatory review will be progressed.

Construction activities are planned over several months with multiple local specialist contractors. On site operations will commence in July with limited groundwork preparations on this pre-developed site. In situ fabrication of flowlines will commence in August and main production equipment will be connected as individual skid packages arrive.

Further to its presentation of 24 February, and in view of the revised timeline of the funding, the Company is now targeting commissioning of the field during Q4 2021 and First Gas aroun

Highlights:

-- GBP12 million facility for the re-development of Saltfleetby has been signed, the Conditions Precedents have been fulfilled and facility is now available and being drawn

-- Angus and Saltfleetby Energy Limited have now secured all funding required to commission the plant by Q4 2021 and achieve First Gas by December 2021

-- By making the full GBP12 million facility available immediately, Angus is able to bring forward plans for the side- track well, which would be fully funded from the facility, and increase production to the plateau rate sooner than expected.

-- With the financial, commercial and technical support of Mercuria, Aleph and its partner Albanwise Synergy, Angus continues its plan to re-develop the Saltfleetby Gas Field and develop Energy Transition projects, with a particular focus on Geothermal Energy.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/052421-uks-predator-eyes-bid-for-morocco-floating-lng-import-terminal