Member Info for Parge

Hear hear to that!

Fair dealer
Is it right Majid has never purchased any shares??

GGG,

Do you know whether there was a time-line on the deal or if they were up against competition for the assets. What time scale would your alternatives have taken?

GGG
Thanks for that. So much potential and I still firmly believe Liberator is the game changer. Massive!

Tain - sorry typo

Ggg
Many think Serenity may be connected to the gain field (from memory) so they would be obliged to farm in with them I guess. Who else is there out there we could tempt. Is it big enough for Ineos and like?

This was until a week ago a nice friendly board.
What a shame!!

Has anyone asked what the dividend might be in the last 10 minutes.

Interesting times.
Where could this go if all the ducks line up.

Look at the presentation on websites. gla!

He said: “Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation.” The spending jump is already feeding through to higher inflation. Oil’s sharp recovery has pushed petrol prices in the UK up to an average of more than £1.25 and diesel has climbed to almost £1.30 per litre, up from £1.15 and £1.20 respectively at the start of this year and below £1.10 and £1.15 at this point in 2020.

British factories are reporting the steepest increase in input prices for four years, according to PMI business surveys run by IHS Markit. Manufacturers in turn are passing on those costs, with price hikes on a scale not experienced for a decade.

He said: “Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation.” The spending jump is already feeding through to higher inflation. Oil’s sharp recovery has pushed petrol prices in the UK up to an average of more than £1.25 and diesel has climbed to almost £1.30 per litre, up from £1.15 and £1.20 respectively at the start of this year and below £1.10 and £1.15 at this point in 2020.

British factories are reporting the steepest increase in input prices for four years, according to PMI business surveys run by IHS Markit. Manufacturers in turn are passing on those costs, with price hikes on a scale not experienced for a decade.

LEAD STORY
Share
Spending spree to send oil prices soaring
Reopening of global economy set to lead to a record jump in demand for crude and copper
Tom ReesTim Wallace
OIL and metal prices are poised to surge in coming months as Britain and the US launch a once-in-a-generation infrastructure spending spree and the global economy roars back to life.

Market strategists are bracing for the biggest jump in oil demand ever after drivers returned to the roads en masse. Crude is forecast to hit its highest level in three years, ultimately driving prices higher at the pump.

Meanwhile president Joe Biden is about to launch a $2 trillion (£1.5 trillion) programme to rebuild America’s crumbling roads and bridges, while in the UK Prime Minister Boris Johnson has talked about the need for a recovery led by investment in green energy.

Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.

The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018. Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.

Metal and oil prices have bounced back sharply from last year’s nadir when swathes of factories were shut and millions of drivers stayed home. In America, oil briefly entered negative territory because demand had dropped so low that the country started to run out of storage space.

‘Metal and oil prices have bounced back sharply’
A wave of consumer spending is now being predicted as vaccines bring the crisis to an end. There are fears that the infrastructure splurge could even lead to some shortages, particularly of metals required for clean energy investment and electric vehicles.

Jeffrey Currie, head of commodities research at Goldman, said: “It is important to remember that commodity markets are driven by volume, or the level of demand. The magnitude of the coming change in the volume of demand – a change which supply cannot match – must not be understated.”

He said president Biden’s New Deal-style spending on the green agenda will be crucial to pushing up prices, with copper-intensive climate spending at the centre of surging demand.

The White House is reportedly planning to generate 80pc of the US’s power from renewable sources by 2030.

John Meyer, head of research at SP Angel, said the push is sure to drive strong demand for copper and rare earth commodities essential for computing and battery production.

He said: “Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation.” The spending jump is already feeding through to higher inflation. Oil’s sharp recovery has pushed petrol prices in the UK up to an average

LEAD STORY
Share
Spending spree to send oil prices soaring
Reopening of global economy set to lead to a record jump in demand for crude and copper
Tom ReesTim Wallace
OIL and metal prices are poised to surge in coming months as Britain and the US launch a once-in-a-generation infrastructure spending spree and the global economy roars back to life.

Market strategists are bracing for the biggest jump in oil demand ever after drivers returned to the roads en masse. Crude is forecast to hit its highest level in three years, ultimately driving prices higher at the pump.

Meanwhile president Joe Biden is about to launch a $2 trillion (£1.5 trillion) programme to rebuild America’s crumbling roads and bridges, while in the UK Prime Minister Boris Johnson has talked about the need for a recovery led by investment in green energy.

Goldman Sachs has predicted a 14pc jump in commodity prices over the next six months, pushing a broad measure of metals and oil up to its highest level in more than six years.

The Wall Street bank expects copper to rise by over 10pc to reach more than $11,000 per ton by the first quarter of 2022, while Brent crude, the UK benchmark oil price, is set to hit $80 per barrel – a level not reached since 2018. Goldman expects demand to climb by 5.2m barrels per day over the next six months, 50pc larger than the previous record increase.

Metal and oil prices have bounced back sharply from last year’s nadir when swathes of factories were shut and millions of drivers stayed home. In America, oil briefly entered negative territory because demand had dropped so low that the country started to run out of storage space.

‘Metal and oil prices have bounced back sharply’
A wave of consumer spending is now being predicted as vaccines bring the crisis to an end. There are fears that the infrastructure splurge could even lead to some shortages, particularly of metals required for clean energy investment and electric vehicles.

Jeffrey Currie, head of commodities research at Goldman, said: “It is important to remember that commodity markets are driven by volume, or the level of demand. The magnitude of the coming change in the volume of demand – a change which supply cannot match – must not be understated.”

He said president Biden’s New Deal-style spending on the green agenda will be crucial to pushing up prices, with copper-intensive climate spending at the centre of surging demand.

The White House is reportedly planning to generate 80pc of the US’s power from renewable sources by 2030.

John Meyer, head of research at SP Angel, said the push is sure to drive strong demand for copper and rare earth commodities essential for computing and battery production.

He said: “Logistics, disruption, raw materials and Covid-19 working practices are all coming together to fuel inflation.” The spending jump is already feeding through to higher inflation. Oil’s sharp recovery has pushed petrol prices in the UK up to an average

Ggg

Thanks!

I have near 1.5m shares. I was asking a question there’s no need to be rude.

Can I3e de-list on AIM and go solely on Canadian exchange?

North Sea firm NEO Energy snaps up Zennor Petroleum for $625mMon 19:34
North Sea oil firm NEO Energy has this evening announced that it has bought fellow explorer Zennor Petroleum for $625m (£450m).

The deal means that the independent producer will increase its regular output to 90,000 and 100,000 barrels a day over the next five years, making it one of the biggest producers focused on the UK continental shelf.

At the moment the the firm, which has set itself the target of achieving production output of 120,000 barrels per day, extracts about 80,000 barrels a day.

When the deal is complete, Zennor’s staff will join NEO, swelling the size of the firm’s workforce to around 180 people.
Today’s deal comes swiftly on the back of a $1bn agreement with investment fund HitecVision to acquire a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from US giant Exxon Mobil.

Zennor’s assets are also located in the same parts of the basin, further consolidating NEO’s presence in the region.

Chief executive Russ Alton said: “This transaction provides a further immediate uplift to NEO’s production and resource base with several high-quality follow-on development opportunities.
This follows closely on from our agreement with ExxonMobil and is a further demonstration of the scale of our ambition in the UK continent, with a clearly defined target of achieving 120,000 barrels per day.”

HitecVision, which focuses on the offshore oil industry, currently holds assets worth around $6.7bn under management.

Senior partner John Knight said: “This deal creates a company with a very distinctive growth profile and a high level of stable and operated production into the mid 2020’s.

North Sea firm NEO Energy snaps up Zennor Petroleum for $625mMon 19:34
North Sea oil firm NEO Energy has this evening announced that it has bought fellow explorer Zennor Petroleum for $625m (£450m).

The deal means that the independent producer will increase its regular output to 90,000 and 100,000 barrels a day over the next five years, making it one of the biggest producers focused on the UK continental shelf.

At the moment the the firm, which has set itself the target of achieving production output of 120,000 barrels per day, extracts about 80,000 barrels a day.

When the deal is complete, Zennor’s staff will join NEO, swelling the size of the firm’s workforce to around 180 people.
Today’s deal comes swiftly on the back of a $1bn agreement with investment fund HitecVision to acquire a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from US giant Exxon Mobil.

Zennor’s assets are also located in the same parts of the basin, further consolidating NEO’s presence in the region.

Chief executive Russ Alton said: “This transaction provides a further immediate uplift to NEO’s production and resource base with several high-quality follow-on development opportunities.
This follows closely on from our agreement with ExxonMobil and is a further demonstration of the scale of our ambition in the UK continent, with a clearly defined target of achieving 120,000 barrels per day.”

HitecVision, which focuses on the offshore oil industry, currently holds assets worth around $6.7bn under management.

Senior partner John Knight said: “This deal creates a company with a very distinctive growth profile and a high level of stable and operated production into the mid 2020’s.

Yeh. That’s really sound advice- thanks!