It's up 8.7% at the moment?
https://www.cnbc.com/quotes/XOP-CA?qsearchterm=Xop
ROCKLAWN
Its from the RNS on 22/06 which seems a long time ago.
As initially announced on 10 January 2022, the Company has entered into a non-binding memorandum of understanding ("MOU") with Shandong New Powder Cosmo AM&T ("NPC") for the supply of nickel from the Company's Mambare and Wowo Gap nickel projects in Papua New Guinea, where the Company owns 41% and 100% respectively.
Here's a start for the morning...
Synergia Energy Ltd (the “Company” or “Synergia”) is pleased to announce the following update with respect to its Cambay India operations.
The Company has engaged a recognised [oil and gas] advisory firm to provide advisory services for the planned farm out of up to 50% of the Company’s Cambay PSC. The advisory firm has extensive Indian oil and gas industry experience
as well as an international reach. The identification of a partner on the Cambay PSC is key to the Company’s strategy to embark on a full field development programme, which is targeted to commence in 2023.
If you register here, they'll make the video later:
https://www.investormeetcompany.com/investor/meeting/post-agm-presentation-and-shareholder-qa
Mercer Street will end up owning MXC, there's 2 options that I see at the moment.
1. A fund raise in which hardly anyone will buy because the reason for it would be to pay the fine.
2. The fine money comes from Mercer Street which would be the end of MXC as they would be unable to make repayments, death spiral finance. Mercer then sell the business for a pittance (they'll still make plenty of money from it).
You'd like to think that Roby and Co would care about losing MXC (they've made plenty from it, well us) and MXC does feed into their other business as well, ie Graft Polymer.
Sorry and thanks Novice, my mistake.
54% voted against resolutions 2 and 3
Gary Jennison has affirmed to the Board the decision that he should step down from his role as CEO and as a Director. He will be replaced as Chief Executive by Amigo's current Chief Financial Officer, Danny Malone, who in turn will be replaced in his role by Kerry Penfold, currently Head of Finance at Amigo.
In the Proactive interview from around 10:15, I'm sure Tom tried to curb his enthusiasm at "This is big news in the NHS... they want to talk about it and we want to talk about it" with a bit of a smirk. I like it LOL
Apologies if this has been posted before but I've just seen it on HotCopper, I think this is good for our 22.5% solely because the other 77.5% seems promising, but I'd be grateful for more knowledgeable thoughts. Tamboran Resources (TBN) said it attracted strong interest in a A$133 million ($89 million) sale of new shares on Monday to pay for a majority stake in a promising Australian shale gas prospect and help fund its development.The acquisition of the 77.5% stake in the Beetaloo joint venture from Origin Energy (ORG) in a 50-50 partnership with its top shareholder, ex-Parsley Energy CEO Bryan Sheffield, turns Tamboran into the dominant player in a sub-basin seen as comparable to the biggest U.S. gas field, the Marcellus Shale.Tamboran and Sheffield agreed to pay Origin A$60 million up front plus a 5.5% royalty on future production from the Beetaloo joint venture and sell Origin 36.5 petajoules of gas, or 100 terajoules a day, over 10 years.Tamboran aims to start producing gas in 2025, focusing on a permit acquired from Origin called Amungee, underpinned by the gas sales agreement, Chief Executive Joel Riddle told Reuters.The share sale to pay for the deal was pitched at A$0.21 a share, a 29% discount to Tamboran's close last Wednesday and nearly half the price investors paid in its initial public offering in July 2021.Riddle said the deal sharply boosted the company's growth prospects, with gas sales locked in with Origin and the potential to eventually supply gas to liquefied natural gas (LNG) export plants in Darwin or on Australia's east coast."No one wants to take dilution, of course. But when you look at the opportunity, by acquiring the Origin assets this is hugely accretive," Riddle said in an interview.The challenge now is to cut drilling costs to A$20 million per well with rigs that can drill 4,000-metres horizontally, four times what it can do with rigs now in Australia. That would bring the cost of its pilot project to around A$300 million, Riddle said.Ireland-based Falcon Oil & Gas FO.V owns the remaining 22.5% stake in the Beetaloo joint venture.
Mark Epstein, CEO Mobile Streams plc, said:
"Getting these two sites live is a real milestone for the MOS team and the business as a whole. We are now into the marketing phase for both of the Mexico contracts we have announced. Shortly the NFTs will go on sale and we can't wait for people to see the products that we have created. We believe they will engage football fans around the world and deliver enormous value to our partners and those that own the NFTs themselves. We look forward to growing the numbers of clubs, National teams and organisations we are working with and will update the market on this when it is appropriate to do so."