Member Info for schlemiel

We see this dilutive financing across many small resource companies so why anyone complains when it happens is beyond me. Risk capital DOESN'T GROW ON 'EFFING TREES. There is always a cost of capital

A proposed placing (the "Placing") to raise gross proceeds of approximately £34 million (approximately US$45 million) before expenses, via the issue of new ordinary shares of £0.001 each ("Ordinary Shares") in the capital of the Company ("Placing Shares") at a price of 1.2 pence per share (the "Issue Price") to institutional investors. The Placing is to be conducted by way of an accelerated bookbuild process, launched with immediate effect. The final number of Placing Shares will be determined following the closing of the bookbuild.

NM

Yes, very interesting development. Someone sees value and demands its immediate unearthing

Apologies, meant to be posted on SML thread.

£4.7m at 3.5p

Nm

16 March 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces an update regarding the transaction (the “Transaction”) between Falcon and Tamboran Resources Corporation (“Tamboran”), which was approved at the Company’s special meeting of shareholders held on 11 March 2026.

Further to the Company’s news release dated 12 March 2026, the Transaction remains subject to a number of terms and conditions as set forth in the arrangement agreement dated 30 September 2025 (the “Arrangement Agreement”), including approval of the plan of arrangement by the Supreme Court of British Columbia (the “Court”). Falcon appeared before the Court on 13 March 2026 seeking the Court’s final order to approve the Transaction (the “Final Order”). Lamesa Holding S.A., a beneficial shareholder of the Company, opposes the granting of the Final Order and appeared at the hearing. There was not sufficient time for the Court to hear the contested application for the Final Order on 13 March 2026 and consequently the hearing was adjourned until 24 March 2026.

The completion of the Transaction remains subject to a number of terms and conditions, including without limitation: (a) approval of the plan of arrangement by the Court; (b) approval and authorization for listing on the New York Stock Exchange of the Tamboran common stock to be issued in the Transaction; (c) the absence of any law or order prohibiting the consummation of the Transaction; (d) there being no material adverse changes in respect of Falcon or Tamboran; and (e) other standard conditions of closing for a transaction of this nature. There can be no assurance that all of the necessary approvals will be obtained or that all conditions of closing will be satisfied.

Subject to obtaining the Final Order and satisfaction of all other conditions of closing, Falcon currently anticipates the Transaction to be completed shortly following the final Court hearing on 24 March 2026. However, there is significant uncertainty as to whether the Final Order will be obtained in a timely manner or at all. If the Transaction is not completed on or before 30 March 2026, due to a failure to obtain the Final Order or otherwise, either Tamboran or Falcon may terminate the Arrangement Agreement and the parties will no longer be obligated to proceed with the Transaction. Further announcements will follow in due course.

https://www.investegate.co.uk/announcement/gnw/falcon-oil-gas-ltd---fog/falcon-provides-update-on-transaction-with-ta-/9474523

''And as new vehicles roll out across Europe after July 2026, driver distraction technology will quietly become one of the most important safety features in modern cars.''

https://euroweeklynews.com/2026/03/15/new-eu-car-rule-from-july-2026-spain-warns-drivers-about-mandatory-distraction-detection-system/

''In Q4 2025 / Q1 2026, EnQuest has continued to add to its hedging portfolio. In 2026, the Group has c.4.0 MMbbls of oil production hedged with swaps at c.$68/bbl, and a further 0.1 MMbbls with zero cost collars with a floor price of $53/bbl and ceiling price of $81/bbl. For 2027, the Group has hedged c.3.3 MMbbls of oil with swaps at $64/bbl. For 2028, the Group has hedged c.0.6 MMbbls of oil with swaps at $64/bbl.''

Still reducing. Without the Cobas drag the ENQ's price would be showing more strength

It's going global

A warning system to prevent drivers’ drowsiness

The Driver Drowsiness and Attention Warning (DDAW) system is intended to monitor the driver’s physical state through direct or indirect means, for example by analyzing and recognizing driving or steering patterns or using driver monitoring cameras. The system will be able to provide a warning if the driver is identified as drowsy.

As constant change of driving and steering patterns in urban areas significantly reduces the ability to reliably assess drowsy driving, motor vehicles with a maximum design speed of 70km/h or below will be exempt from the obligation to be equipped with a DDAW system.

The new regulation is expected to enter into force by the end of 2026 after which it will be transposed into national legislation of the Contracting Parties that voted for it.

Https://unece.org/sustainable-development/press/new-un-regulation-prevent-fatigue-related-crashes

Brent

Https://www.marketscreener.com/news/apa-1h26-results-speeches-260219-hy26-half-year-financial-results-speeches-ce7e5fd2dc88f320

Iranian drones just hit Oman's largest oil storage facility.

NM

Mosaic is a properly large US mining focused company - $US13bn-14bn sales

Pay-back, 1.7 years. Pretty decent. B-p

''For a natural resource company (mining, oil & gas, energy), a "good" payback period is generally considered to be

3 to 5 years. However, because these projects are often capital-intensive and subject to high price volatility, shorter, more aggressive payback periods are often preferred to minimize risk.''