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Genel Energy PLC: Update on Tawke PSC
30/07/2020 7:00am
UK Regulatory (RNS & others)
Genel Energy PLC (GENL)
Genel Energy PLC: Update on Tawke PSC
30-Jul-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
30 July 2020
Genel Energy plc
Update on Tawke PSC
Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC
(Genel 25% working interest), has today issued an update on licence
activity.
Gross production from the Tawke licence averaged 102,000 bopd during the
second quarter of 2020, of which the Tawke field contributed 58,100 bopd and
the Peshkabir field 43,900 bopd. Taken together, this is a reduction of 11%
from the first quarter, as the operator halted development activity to
preserve cash at a time of historically low and uncertain oil prices.
In June 2020, following the stabilisation of oil prices and export payments,
a Tawke licence well intervention campaign was fast-tracked, quickly adding
an incremental 15,000 bopd month-on-month to raise average July 2020
production to 115,000 bopd.
The Peshkabir-to-Tawke gas reinjection project (the first enhanced oil
recovery project in Kurdistan) was commissioned in June, and aims to unlock
additional oil reserves at Tawke while significantly reducing gas flaring at
Peshkabir.
Gulf Keystone Petroleum Ltd. Shaikan Payment Update
28/07/2020 7:00am
UK Regulatory (RNS & others)
Gulf Keystone Petroleum (LSE:GKP)
Intraday Stock Chart
Tuesday 28 July 2020
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TIDMGKP
RNS Number : 2173U
Gulf Keystone Petroleum Ltd.
28 July 2020
28 July 2020
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $9.6 million ($7.6 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during June 2020.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Synairgen plc Clarification Regarding COVID-19 Trial
21/07/2020 7:00am
UK Regulatory (RNS & others)
Synairgen (LSE:SNG)
Intraday Stock Chart
Tuesday 21 July 2020
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RNS Number : 5520T
Synairgen plc
21 July 2020
Synairgen plc
('Synairgen' or the 'Company')
Clarification regarding trial of SNG001 in hospitalised COVID-19 patients
Southampton, UK - 21 July 2020: Synairgen plc (LSE: SNG), the respiratory drug discovery and development company which originated from research at the University of Southampton, issues clarification with respect to yesterday's announcement
-- The trial of SNG001 in hospitalised COVID-19 patients is a Phase II trial (as clearly stated in the announcements of 18 and 25 March). A Phase II trial is designed to test the efficacy of a drug and takes place before the drug is approved or able to be marketed.
-- The protocol was approved by both MHRA and HRA (as detailed in announcement of 18 March) and further details can be found in respect of the full study on the Company's website https://www.synairgen.com/investors/presentations
-- As per the announcement of yesterday, the Company will be working with the regulators and other key groups to progress this potential COVID-19 treatment as rapidly as possible. As with any drug undergoing clinical trials, Synairgen will require regulatory approval before SNG001 can be marketed on a commercial basis.
The Company will provide additional updates in due course and will continue with further analysis of the data from the trial.
Premier Oil PLC Trading and Operations update
15/07/2020 7:00am
UK Regulatory (RNS & others)
Premier Oil (LSE:PMO)
Intraday Stock Chart
Wednesday 15 July 2020
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RNS Number : 0088T
Premier Oil PLC
15 July 2020
Premier Oil plc
("Premier" or "the Group" or "the Company")
Trading and Operations update
15 July 2020
Premier today provides an update on recent operational activities and guidance in respect of its half year financial results to 30 June 2020.
-- Production averaged 67.3 kboepd to the end of June; 2020 guidance of 65-70 kboepd (before any contribution from the proposed acquired BP assets) reiterated
-- Solan P3 successfully drilled and due on-stream in September; forecast to add c.10 kbopd to Group production rates in Q4
-- Tolmount: final onshore commissioning of topsides underway prior to August sailaway; on track to meet previously revised Q2 2021 first gas date, adding 20-25 kboepd (net, Premier 50 per cent)
-- Forecast 2020 total capex ($340 million), opex ($12/boe) and lease costs ($6/boe), reflecting $240 million of savings and deferrals secured
-- Amended BP acquisitions approved by creditors, subject to agreed refinancing terms and equity funding; adds 17 kboepd (net) from targeted completion date of 30 September
-- Discussions with a subset of Premier's creditors regarding a long term extension to the Group's credit maturities underway; aim to agree terms which can be recommended to the full lender group by the end of July
-- Net debt reduced to $1.97 billion as at the end of June (31 December 2019: $1.99 billion), financial covenants waived through to end September; forecast free cash flow positive for full year 2020 at current forward curve
Tony Durrant, Chief Executive, commented:
"The continued underlying performance of our core assets along with the decisive action we have taken to reduce our expenditure during the first half has resulted in our net debt remaining broadly flat despite significantly weaker commodity prices during the period. This, together with the expected agreement on the amendments to our credit facilities and the completion of the value-accretive BP acquisitions, positions us well to benefit from a recovering oil price."
Lekoil Limited Agreements for Otakikpo Drilling Executed
I’ve finally put you in the little green box.
God you talk utter Sh•te
ATB all genuine holders.