Sustainable, responsible and impact investing (SRI) and environmental, social and corporate governance (ESG) criteria are bigger things in the west - and amongst west based investors - than they used to be.
The word 'oil' in any company name can put some investors, institutional pension funds (particularly those administered by universities under pressure from students) and fund managers off.
'Energy' companies seem more fashionable and seem to have better 'street cred' and kudos
Energy companies with the word 'energy' in the company name, who also operate a bit with renewables and transition fuels such as natural gas may potentially fare better, and cultivate a wider investor base.
RE: New Age (African Global Energy) Ltd19 Jul 2019 10:54
I think it's fair to say that all the partners in the licence are currently primarily focussing on prioritising development of the Aje field, which is fair enough.
But clearly from the map on the New Age website a number of partners are well aware that OML113 potentially may not just be a 'one trick pony' with the Aje field.
ADM Energy themselves do briefly mention on the Operations section of their website that:
"OML 113 covers an area of 835 sq km...and holds the Aje field as well as a number of exploration prospects."
If Aje gets developed and utilised to its' full potential, and becomes a 'cash cow', it does make me wonder if profits from that might end up - in time - help finance exploration, appraisal and evaluation of any other leads and prospects elsewhere on OML113?
Obviously, that's for the future.
Clarity needed soon on whether they get the authority they want to issue new shares at the AGM.
Big ships, like oil tankers, aren't as easy for poorly resourced pirates in small boats to board or attack.
The pirates in the film 'Captain Philips' didn't find it easy.
If the Nigerian government promote more oil exploration and production, and get more money from royalties, taxation and selling licences then they can spend more money on a navy to guard ships and businesses operating at sea.