@paulzimnisky It seems like the price decline has continued in the last 4 weeks, based on comments from Mountain Province recent webcast, Petra recent update and comments from Anglo. Feels like their will be casualties among the miners before it turns.
#EPP EnergyPathways has announced one of the most dilutive funding packages seen on AIM. £5m loan which is convertible into shares and £10m ATM facility.
@Big_Orrin The UK North Sea production has been in decline for 20 years before the EPL and stricter drilling licences was implemented. The North Sea wont fix the UK energy problem.
PetroTal #PTAL is finally delivering some good news. Petrotal has replaced the tubing in the five leaking wells, stabilizing production. Ending the year with $139m in cash, higher then expected. The next key development will be the restart of drilling.
TotalEnergies announced that they have farmed into Galp PEL 83 Namibia block. The valuation is well below expactation for this deal. #GALP trading down 14% on the announcement. #TOT. Negative news for the partners in the PEL 83 block $SEI.
#ECO Atlantic announce strategic partnership with Navitas Petroleum over Orinduik Block and Block 1 CBK. With an initial payment of $2m and possible additional payment of $2.5+$4m and carry. The farm-out terms are probably not what the ECO shareholder has been holding out for.
@JavierBlas Feels like what has happened from 30 Oct to 1 Dec could be a book in itself. Tornqvist on the verge of acquire a business making $2bn in profit for cents on the dollar to 1 month later being forced to sell his life work.
The UK Government is keeping the EPL unchanged to 2030, negative news for #HBR#ENQ#JOG#ITH. The industry has beeing lobbying hard for a change, looks like to got nothing.