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American oil reserves at a 40 year low
The Biden administration has already begun what will
be a years-long process of replenishing the reserve.
So far, the Energy Department has purchased 6.3 million
barrels of oil for the SPR. Officials have also announced
plans to acquire another six million by August.
Although important symbolically, those 12.3 million barrels
represents just a drop in the bucket.
The reserve held 346.8 million barrels of oil as of the week
ending July 7 according to federal data.
That’s the smallest amount since August 1983
and down by 291.3 million since Biden took office
in January 2021.
PDMR Issue of Share Options
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil
and gas company with assets and operations in the UK
and Canada, announces that it has issued options over
3,000,000 ordinary shares in the Company to Jason Dranchuk
the Chief Financial Officer and a Person Discharging
Managerial Responsibilities (a "PDMR") of the Company
as detailed below.
The options are part of i3's management incentive
and are in accordance with existing share schemes.
PDMR
Number of options granted
Exercise Price
Jason Dranchuk
3,000,000
20.00p
Vesting is subject to the achievement of
performance-related milestones as follows:
*[1]~One-third upon achieving production
of 26,000 boepd;*
*(2)-One-third upon the addition of
5,000 boepd via acquisitions;*
and
*(3)-One-third upon the addition of 25 MMbbl of 2P reserves.
The award shall vest as to one-third upon the first,
second and third anniversary of the grant date,
to the extent the award has not otherwise vested in
accordance with the above provisions.
*(4)-Regardless of the above,
100% of the options will vest
if there is a change of control of the Company*
We Just need to be patient and let Majid and J.D
get on with running the business..
I feel confident that we will be
well over a 25,000 bopd soon..
This share always seems to be constantly
Going down even as oil prices is going up
I’ve got a feeling it’s being shorted or something
I wonder if Maybe a large investor or someone
are lending their shares out…
Every day is like Groundhog Day..
Oil price is looking Good today 👍
Hopefully It’s now a new beginning
And upwards and onwards From here..
https://www.marketwatch.com/investing/future/cl.1
Canada climbed back up the cliff
Closed at 0.27
https://www.marketwatch.com/investing/stock/ite?countrycode=ca
Will J.D. score a Brace this week ⚽️⚽️
1-2 at the same time ?
PDMR
Number of options granted
Exercise Price
Jason Dranchuk
3,000,000
20.00p
Vesting is subject to the achievement of performance-related milestones as follows:
1- One-third upon achieving production
of 26,000 boepd;
2- One-third upon the addition of 5,000 boepd
via acquisitions; and
3- One-third upon the addition of 25 MMbbl
of 2P reserves.
The award shall vest as to one-third upon the first
second and third anniversary of the grant date,
to the extent the award has not otherwise vested
in accordance with the above provisions.
4-Regardless of the above, 100% of the options
will vest if there is a change of control
of the Company.
Only One week away…
VIENNA, June 4 (Reuters) - Saudi Arabia
will make a deep cut to its output in July
on top of a broader OPEC+ deal to limit supply into 2024
as the group seeks to boost flagging oil prices.
Saudi's energy ministry said the country's output
would drop to 9 million barrels per day (bpd) in July
from around 10 million bpd in May,
the biggest reduction in years.
Majid Shafiq, CEO of i3 Energy plc, commented:
"We are very pleased to welcome Jason to the team as our new group CFO,
following a thorough search process.
His broad financial reporting expertise across the energy sector value chain
and
M&A experience will be invaluable to the Company and we look forward to working with him
to deliver our growth strategy as we expand our operations in Canada."
This is very interesting and only one week away…
VIENNA, June 4 (Reuters) - Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years.
PDMR
Number of options granted
Exercise Price
Jason Dranchuk
3,000,000
20.00p
Vesting is subject to the achievement of performance-related milestones as follows:
- One-third upon achieving production of 26,000 boepd;
- One-third upon the addition of 5,000 boepd via acquisitions; and
- One-third upon the addition of 25 MMbbl of 2P reserves.
The award shall vest as to one-third upon the first, second and third anniversary of the grant date, to the extent the award has not otherwise vested in accordance with the above provisions.
Regardless of the above, 100% of the options will vest if there is a change of control of the Company. The options were granted under the Company's Employee Share Option Plan.
Sorry to too ask about other shares , but i was looking at Rua who are also waiting on an FDA decision
It looks a good share anyone have any thoughts?
Twitter update
https://twitter.com/touchstoneexp/status/1526241552934154240?s=21&t=kawgJ55XP-YsL37BP2w7DQ
Coho
Canada
https://www.marketwatch.com/investing/stock/xop?countrycode=ca
Share price
https://www.***************************/touchstone-exploration-strong-cash-position-and-increased-production-volumes-video/4121064625
Paul Baay
https://www.***************************/touchstone-exploration-strong-cash-position-and-increased-production-volumes-video/4121064625
Latest
Rns today appointmentThu 07:25
RNS Number : 5920J
Open Orphan PLC
28 April 2022
Open Orphan plc
("Open Orphan" or the "Company")
Appointment of Nominated Adviser and Joint Broker
Open Orphan plc (AIM: ORPH), a rapidly growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces that further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its Nominated Adviser status upon the completion of its recommended takeover, the Company has appointed Liberum Capital Limited ("Liberum") as its Nominated Adviser and Joint Broker. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, Liberum has until 5pm on 27 July 2022 to complete its full due diligence.
RNS Number : 5920J
Open Orphan PLC
28 April 2022
Open Orphan plc
("Open Orphan" or the "Company")
Appointment of Nominated Adviser and Joint Broker
Open Orphan plc (AIM: ORPH), a rapidly growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces that further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its Nominated Adviser status upon the completion of its recommended takeover, the Company has appointed Liberum Capital Limited ("Liberum") as its Nominated Adviser and Joint Broker. Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, Liberum has until 5pm on 27 July 2022 to complete its full due diligence.
Twitter EOG
https://www.proactiveinvestors.co.uk/companies/news/980534/europa-oil-gas-looks-forward-to-taking-reins-off-wressle-980534.html
Latest