Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I think if we had another 10 buys today it may go above 100p !
whats up?
Good results again. Debt free/Cash positive in 2020! What are they going to do with that Cash going forward? Higher Dividends,Acquisitions etc.
One to hold for a few years.
https://oilpoint.com.ua/amku-razreshil-novinskomu-vykupit-ukrnaftinvest/
Please Translate. Novinsky got green light to buy last week.
Sister company, JKX doing well today!
Yes gas prices are low. However the company is diversifying into oil. Once the seller goes, the price should rise.
"The Company has undertaken a detailed review of the available data on the Licences, and has estimated that there is a substantial Oil Initially In Place volume of approximately 675 MMboe. The Company and the Sellers are to agree a work programme to appraise the Licences, which will include the drilling of up to three wells, subject to satisfactory results of each well."
If one of these wells hits oil we should be in a much better position.
New branch opened in Leeds
Won't be surprised to see an EBT announcement that TMG have bought shares ! That 100K buy looks dubious.
The Owner - Novinsky owns circa 80% of the stock so he won't be too happy! Long-term this is a great investment.
Way undervalued!!
This is a great company with plenty going for it.
Anyone else following?
RPT headline figure, 675 MMboe of oil. What is this worth? A company with similar reserves sold for 2 Billion dollars this year ;
Murphy Oil Corporation (NYSE: MUR) (“Murphy”) announced today that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary of PTT Exploration and Production Public Company Limited (“PTTEP”). PTTEP will pay Murphy US$2.127 billion in an all-cash transaction, payable upon closing and subject to customary closing adjustments, plus up to a US$100 million bonus payment contingent upon certain future exploratory drilling results prior to October 2020.
The transaction has an effective economic valuation date of January 1, 2019, with the closing expected to occur by the end of the second quarter 2019. Closing of the transaction is subject to customary conditions precedent including, among other things, necessary regulatory approvals. Under the terms of the transaction, Murphy will exit the country of Malaysia.
The year-end 2018 proved reserves (1P) net to Murphy were 816 million barrels of oil equivalent (Mmboe) of which 16 percent or 129 Mmboe were attributable to Malaysia. Of the 129 Mmboe of proved reserves, 70 Mmboe are characterized as proved undeveloped. The proved reserves are comprised of 468 billion cubic feet (Bcf) of natural gas and 51 million barrels (Mmbbl) of liquids. Total production net to Murphy in 2018 for the properties to be divested was over 48,000 barrel of oil equivalent per day (Boepd), comprised of 62 percent liquids.
Is SP going up before ex-div date or imminent announcement of new contract as mentioned in IC article?
got it
Where do you check gas prices?