Strategic Acquisition Offshore South Africa and Namibia
2022 Drilling Programme
A sniff of a farm in partner and it will go
Crude and brent now over $80
Lets wait for the TD and the oil and gas zones once analysed in detail
Just been hearing Maersk Voyager drilled into something interesting
Needs testing and drilling further down
Potential payzone and we could be in business
Soil Sampling Extends Bakassi Zone 1 Prospect by c.3km at Bibemi, Cameroon
Positive Gold Assays Received & Exploration Target of 2.5-4.8Moz Gold Identified:
Northern Zone Gold Project, Kalgoorlie, Western Australia
Step-out exploration drilling programme records multiple high grade intercepts into the ‘Chico da Santa’ veins at Palito
Oxford Biomedica Signs Licence and Supply Agreement with Cabaletta Bio for LentiVector® Platform
Oxford, UK - 4 January 2022: Oxford Biomedica plc (LSE:OXB) ("Oxford Biomedica" or "the Group"), a leading gene and cell therapy group, is pleased to announce that the Group's Chief Executive Officer John Dawson has been awarded a CBE (Commander of the Order of the British Empire) for services to UK Life Science as part of the Queen's New Year Honours List
Genel Energy plc ('Genel' or 'the Company') announces that drilling operations on the QD-2 well at Qara Dagh (40% working interest and operator) have been suspended.
As previously stated, the well had been side-tracked in response to encountering more complex geology above the target reservoir than expected. Two further side-tracks have been initiated, but the licence partners have now concluded that it is impractical to continue the drilling operations from this wellbore in an attempt to reach the primary objective because of insurmountable technical problems. The decision has therefore been taken to suspend QD-2, with the minimum work obligation satisfied.
Licence partners Genel and Chevron will conduct a thorough evaluation of the QD-2 well and its results in 2022 to inform next steps on the licence.
Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, is today confirming the early redemption, at par, of £184.1m of the £234.1m outstanding 7.625% senior secured notes ("bonds") due in 2024. This follows the disclosure in Amigo's half year results announcement, made on 29 November 2021, that the Board was considering an early part redemption of the bonds.
Rolls-Royce (LSE:RR., ADR:RYCEY) announces the completion of the sale of our Bergen Engines business to Langley Holdings plc for an enterprise value of €63m. The completion of the transaction, which was announced on 3 August 2021, follows the conclusion of work to separate the business from the Group.
Sale proceeds of €91m from the transaction, together with €16m of cash held within Bergen Engines which has been retained by Rolls-Royce, will be used to help rebuild the Rolls-Royce balance sheet in support of our medium-term ambition to return to an investment grade credit profile. In 2020, Bergen Engines generated revenues of approximately €200m with the assets and liabilities of the business presented as held for sale in the Rolls-Royce Holdings plc consolidated balance sheet
IGas is pleased to confirm it has completed its scheduled six-monthly RBL facility redetermination process.
The redetermination exercise confirms £19.3 million of debt capacity.
Cash balances at 30 November 2021 were £3.2 million with net debt of £13.4 million. 216,000 bbls are currently hedged in 2022 using swaps at an average price of $68/bbl and 114,000 bbls using puts with an average guaranteed minimum price, net of premiums, of $44/bbl
Highlights:
· Loan repayment made by Tarba to its shareholders of €300,000 on 29 December 2021
· Prospex's share of this is €149,700
· Tarba has now repaid its shareholders 40% of the €750,000 acquisition cost of El Romeral
· Further loan repayments expected in 2022