Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We made ‘This is money’… yesterday..
https://www.thisismoney.co.uk/money/markets/article-13346543/Tory-windfall-tax-war-killing-North-Sea-oil-Serica-chief-blasts-Labour-plan.html
On MF’s departure, I emailed him at the time, he was adamant to say he’d stepped down & definitely not resigned, at the time I also read Alex Stahel’s tweet that his view - picked up via a phone call with MF that there was a disagreement over shareholder returns.. going on his history I very much doubt he would of sanctioned the Share buyback… maybe even conserved cash further & cut the final dividend…
I noted the new CFO was a little more hesitant regards the dividend going forward & keen to relay subject to the right conditions…
NS related - Enquest ….
https://www.lse.co.uk/news/enquest-selling-stake-in-north-sea-golden-eagle-oilfield-sources-say-xwcfw31pmvlovon.html
NS related & Serica get a mention…
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/551457/table-the-20-firms-commanding-the-uks-north-sea-oil-and-gas-hubs/
COSL rig heads for UK to kick off Serica Energy campaign
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/551451/cosl-innovator-rig-serica-energy-uk/
Going on last years Results schedule, we will possibly have an RNS tomorrow/Monday with the date given for 2023 full year results announcement & also an Investor Meet Presentation to follow on, which I’d expect to still be hosted by Mr Flegg, so will be a good opportunity to ask him some questions… I’m sure you’ll come up with a few Upomega…
A few NS companies I follow have made separate announcements on the day prior to their full year results.. would be nice for something positive prior to ours… wishful thinking….
Well planning activities underway on the exciting Skerryvore exploration targets
· Parkmead has successfully driven forward the Skerryvore project, alongside its strong industry partner group on this licence
· Good progress has been made on well planning, site survey contractor selection, and the identification and sourcing of critical path long lead items
· The crucial offshore surveys are currently scheduled to take place in the second half of 2024, to deliver the planned well in early 2025
· This exploration well will penetrate the Tor and Mey intervals of these stacked prospects, which represent the targets which are the largest and with the highest geological chance of success
· The Company is looking at all options to maximise the commercial benefit by collaborating with other operators to share fixed costs such as rig mobilisation
Ithaca clearly still see value in the NS.. exclusivity agreement signed that takes them over 100k’s boepd but no guarantee of completion at this stage..
Ithaca Energy plc ("Ithaca Energy" or the "Company")
Exclusivity Agreement for a potential transformational combination with Eni S.p.A.'s UK Business
Ithaca Energy, a leading independent oil and gas operator in the UK North Sea, today announces that it has entered into an exclusivity agreement (the "Exclusivity Agreement") in relation to a potential transformational combination with substantially all of Eni S.p.A.'s ("Eni") UK upstream assets including the recently acquired Neptune Energy assets, excluding certain assets including Eni's CCUS and Irish sea assets (the "Potential Combination").
Number of trades are up today & the first day for a while where we have the matching trades reported :
25-Mar-24 16:35:59 184.80 123,000 Sell*. 227.30k O
25-Mar-24 16:35:47 184.80 123,000 Sell* 227.30k O
25-Mar-24 16:35:27 184.80 248,159 Buy* 458.60k. UT
Add to that Mitch Fleggs in attendance:
I look forward to joining colleagues tomorrow for @Jefferies 4th annual Pan-European Mid-Cap Conference in London #energy #oilandgas
https://x.com/mitchfleggceo/status/1769817467876962444?s=46&t=uz3in5yMdDdYvqnOjeh9vg
Latest Serica Energy tweet…
We look forward to joining @Jefferies 4th annual Pan-European Mid-Cap Conference in London tomorrow; an excellent platform to discuss market trends and opportunities and share insights. #energy
https://x.com/sericaenergyplc/status/1769793728334434489?s=46&t=uz3in5yMdDdYvqnOjeh9vg
A basic & quick look at the chart of Uk natural gas (set to All) & you can see we’ve pretty much returned to the normal prices experienced prior to 2022.. just part of the cycle ….
https://tradingeconomics.com/commodity/uk-natural-gas
We could now do with another update between today’s production news & the upcoming results to keep some momentum going.. hopefully they RNS Erskine back up & in production with some figures … when the time comes…
Same pattern with the UT trade & the paired volume trades.. largest of the recent UT trades to date…
07-Mar-24 16:35:05 183.20 1,044,080 Buy* 2m UT
07-Mar-24 16:47:01 181.092 27,205 Unknown* 49.27k O
07-Mar-24 16:47:01 181.092 27,205 Unknown* 49.27k O