ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CR. Core Vct I

72.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Core Vct I LSE:CR. London Ordinary Share GB00B03FH337 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 72.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Core Vct I Share Discussion Threads

Showing 808876 to 808898 of 809400 messages
Chat Pages: Latest  32364  32363  32362  32361  32360  32359  32358  32357  32356  32355  32354  32353  Older
DateSubjectAuthorDiscuss
20/9/2022
11:10
LSE:FRG //// LSE:KOD //// ASX:CAI

SP Angel . Morning View . Lithium prices extend gains as supply concerns regain market focus

Lithium prices extend gains as supply concerns regain market focus

Lithium carbonate prices touched $71,315/t in China on Friday, a new record.

Lithium hydroxide prices are nearing April’s all-time high levels.

Lithium prices weakened this summer but have now resumed their upwards momentum.

Demand remains strong for EVs, with China’s Passenger Car Association expecting EV sales to double 2021’s total at 6m vehicles.

Lithium producers have reinforced comments that supply remains an issue, with SQM predicting a ‘very tight market’ going forward.

the chairman elect
20/9/2022
09:55
AIM listed LITHIUM PLAY namely Firering Strategic Minerals / LSE:FRG have now gone from Red to blue as the Lithium market is currently on fire....

Over on Tw*tt*r there are reports emanating from or via Bloomberg I believe relating to the oncoming acute shortage of lithium especially with all the proposed EV works!

the chairman elect
20/9/2022
07:46
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

20 September 2022

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

Stena Don on Contract

Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, is pleased to announce, further to its announcement of 30 May 2022, that the Stena Don drilling rig is now on contract and that the rig is on location at Production Licence P.2358, Block 13/23c ("Serenity"). It is expected that the Stena Don will begin drilling operations on the SA-02 appraisal well at Serenity later this week, which is expected to last approximately 30 days.

Simon Oddie, CEO of Europa, said :

"We are pleased to announce the start of operations at Serenity where the well objective is to prove up additional volumes of hydrocarbons beyond those encountered in the original discovery well, which alone the Operator considers commercially viable. Serenity is a late-stage appraisal and development asset that provides our shareholders with exposure to a very exciting asset that could deliver significant value to our shareholders. This is an exciting time for Europa and I look forward to providing further updates in due course."

* * ENDS * *

sweepie2
20/9/2022
07:45
Serinus Energy plc ("Serinus" or the "Company") (AIM:SENX, WSE:SEN), is pleased to announce that the drilling of the Moftinu Nord-1 exploration well in Romania commenced on 19 September 2022.

The Moftinu Nord-1 well will be drilled to a depth of 1,000 metres, targeting four prospective hydrocarbon zones. The Moftinu Nord prospect is located on the northern flank of the Carei Basin, approximately five kilometres to the northwest of the Company's Moftinu Gas Plant. The Moftinu Nord-1 exploration well is seeking to discover further hydrocarbons on the migration path from the Carei Basin source kitchen, testing a different structure type than the recently completed Canar-1 exploration well. With success, production from this well will be connected to the Moftinu Gas Plant, utilizing existing plant capacity.

the chairman elect
19/9/2022
03:10
ROQ



hxxps://www.thetimes.co.uk/article/roquefort-enlists-nobel-prizewinner-sir-martin-evans-k2w6269gs

skiboy10
16/9/2022
13:12
I sold TSXv: FLYN for 19.5c. Held in C$s that are up 4% since buying and trading profit of just 5%.

Noirua - 27 Jul 2022 - 00:32:37 - 11647 of 11770 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Purchased shares in Flying Nickel Mining TSXV: FLYN at 18.5c. The shares have fallen badly and the lowest price ever was 16.5c today but I missed that. The highest price was $1.03.

noirua
16/9/2022
12:55
This is Evil's view on Darktrace:


Noirua - 16 Nov 2021 - 09:08:34 - 10893 of 11769 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
I sold shares in DARK at 573p yesterday to buy TGR. A loss of 19%.

[ my present view is that DARK is out of favour with lines of stock reportedly to be sold - good luck to those still holding ]
----
Noirua - 18 Nov 2021 - 09:16:40 - 10918 of 10954 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
Sold TGR at 78.415p - profit 14.8%. Needed to take some profits to cover losses recently.
----
Lots of ghastly shares around brought down by difficult markets.
TGR is now down at 44p and looking a hold at that low price imho.
DARK at 354.5p for the brave I reckon and EK tends to say foolhardy.

noirua
16/9/2022
10:45
I am looking at TYM and wondering whether this Zambia tie-up is as good as it seems.
noirua
16/9/2022
10:12
Bought BLU at 0.17p this morning - medium size punt.
noirua
16/9/2022
07:53
KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KCB - completion of acquisition of 90pc of LVR JV

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce completion of the acquisition of 65pc of the LVR Joint Venture (the "LVR JV") (the "Acquisition"). This takes Kavango's holding in the LVR JV to 90pc.

The LVR JV incorporates prospecting licences PL082/2018 & PL 083/2018, which together cover 809km2 of ground highly prospective for copper/silver discoveries in the Kalahari Copper Belt ("KCB").

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"As we move towards our maiden drill campaign in the Kalahari Copper Belt, completing the acquisition of 90 per cent of the LVR Joint Venture is an important step forward. The two prospecting licences in this vehicle are highly prospective for copper/silver exploration.

PL082 is one of our most exciting and advanced opportunities. Located in the heart of the Belt, this licence has two primary target areas that have returned significant in-soil copper anomalies, with a peak pXRF value of 118.8ppm copper. The Central Zone is 27km in strike length and the Northern Zone is 8km in strike, emphasising this project's scale.

Meanwhile, PL083 is located near the Namibian border. Sand cover here has limited historic exploration, but with the strength of our in-house geophysics team we are working on some ground-breaking regional modelling that we expect to enable us to unlock previously unrecognised potential.

We look forward to commencing drilling here in the near future."

the chairman elect
16/9/2022
07:45
Roquefort Therapeutics (LSE:ROQ,OTCQB:ROQAF), the Main Market listed biotech company focused on developing first in class drugs in the high value and high growth oncology segment , is pleased to announce that further to the completion of its acquisition of the entire issued share capital of Oncogeni Limited ("Oncogeni") as announced earlier today the following board appointments:



· Trevor Ajanthan (Ajan) Reginald as Executive Director and Chief Executive Officer;

· Professor Sir Martin Evans as Executive Director and Group Chief Scientific Officer; and

· Dr Darrin Disley as Non-Executive Director.



In addition, Roquefort Therapeutics is pleased to announce the appointment of Professor Armand Keating FRCPC, MD as an independent Chief Medical Advisor (as a non-board position).



Further, as previously announced, Mark Freeman has today resigned as a Non-Executive director of the Company.



Commenting on the appointments, Stephen West, Executive Chairman, said:

"I would like to welcome Ajan Reginald, Professor Sir Martin Evans and Dr Darrin Disley to the Board of Roquefort Therapeutics, and Professor Armand Keating as our new Chief Medical Officer. We are building a world class team with a proven track record in drug development who will help drive innovation and ultimately value in our exciting portfolio of oncology drugs. Sir Martin Evans is a pioneer in stem cells and DNA research and his experience will be incredibly valuable as Group Chief Scientific Officer throughout our preclinical studies. Ajan Reginald's experience in commercialisation both within big pharma and in biotech will be invaluable as CEO as we look to achieve value in this high growth segment of life sciences. Dr Darrin Disley is a great addition as Non-Executive Director, and his expertise in fundraising and value creation is incredibly complementary to our existing Board of Directors. Professor Keating is a renowned expert in anti-cancer cell therapy, a key area of Roquefort Therapeutics' research and is a welcome addition as Chief Medical Officer. Finally, I would like to thank Mark Freeman for his valuable contribution since joining the Board of the Company in October 2021, and we wish Mark all the best with his other endeavours."



Commenting on his appointment, Roquefort Therapeutics CEO Ajan Reginald said: "I am very excited to be appointed as CEO of Roquefort Therapeutics. The acquisition of Oncogeni by Roquefort Therapeutics creates a material cancer biotech company with a portfolio of four innovative pre-clinical programs, which provides stakeholders with great upside potential. We believe we can realise value for shareholders in a number of ways, including our internal drug development, licensing deals or via an outright sale of the clinical program. I look forward to working with the combined Oncogeni and Roquefort Therapeutics teams to progress these programs over the coming months."

the chairman elect
15/9/2022
16:05
Lithium focused stocks performing very well including both LSE:FRG & LSE:KOD
the chairman elect
15/9/2022
14:40
Taking a close look @ LSE:KOD as apart from the market whispers of a MAJOR JV or a T/O the chart is looking increasingly bullish over @ KOD

STRONG BUY

the chairman elect
15/9/2022
08:05
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas



Commencement of drilling at ASH-4 and AJ -14 well update



United Oil & Gas Plc (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the commencement of drilling at the ASH-4 development well location and an update on the Al Jahraa-14 ("AJ-14") development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.



Summary

· The fourth well in the 2022 Abu Sennan programme, ASH-4, has commenced drilling

· ASH-4 is a high impact development well, targeting over 2 mmbbls gross in the prolific Alam El Bueib ("AEB") reservoir

· On AJ-14, whilst oil has been recovered to surface on testing , consistent flow rates have yet to be established due to near bore-hole formation damage

· The testing programme is continuing in the Abu Roash-C ("ARC") interval at AJ-14, with well stimulation expected to deliver commercial production rates in line with pre-drill estimates of c. 300 bopd gross



ASH-4 development well

The ASH-4 development well, the fourth well in the 2022 drilling programme at Abu Sennan, has commenced drilling. The well will be drilled as a vertical hole targeting the prolific AEB reservoir. It is expected to take 55 days to drill and complete, and is fully funded from operational cashflow. The well is targeting 2.2 mmbbls gross recoverable oil in what has been to date a highly productive area of the licence. On completion of drilling, ASH-4 is expected to be rapidly brought into production.



The completion of seismic reprocessing earlier in the year has significantly improved the quality of the subsurface imaging over the ASH field resulting in increased in-place volumes on the ASH field (from 17 to 22 mmboe gross according to operator estimates) and optimising the current well location. In addition, it has helped identify a further six additional potential development well locations, which will be considered for future drilling programmes.





AJ-14 well-testing update

The AJ-14 well successfully encountered seven metres of net pay in the primary ARC target in line with the higher end of the pre-drill estimates. Whilst the well recorded indications of hydrocarbon-bearing reservoir in the deeper Abu Roash G ("ARG") reservoir, due to technical difficulties whilst running the logging tools, a full logging suite was not acquired over this secondary target. Further issues with the borehole were encountered in the deeper section of the well, and the decision was made to complete the well solely in the ARC.



Following the installation of a down-hole pump, oil has been recovered to the surface from the well however consistent flow rates have yet to be established, due to near-borehole formation damage. Well stimulation has previously delivered successful results on a number of Abu Sennan wells with a stimulation programme expected to commence on AJ-14 shortly, subject to final partner approval. As the AJ-14 well encountered good quality reservoir facies in the ARC in the heart of the Al Jahraa field, once the borehole issues have been addressed, commercial flow-rates in line with the pre-drill expectations of c. 300bopd are expected to be established.







Brian Larkin, CEO commented:

"Our active and fully funded drilling programme in Egypt is continuing with our next development well ASH-4 being spud whilst operations continue on AJ-14 to initiate commercial flow rate there. The ASH-4 development well has the potential to be an important well for United from both a production and reserves perspective as it is targeting one of the most prolific reservoirs in Abu Sennan. Working with an experienced Operator on a licence that is well understood, we look forward to drilling the ASH-4 development well before completing the 2022 programme with drilling of the ASF-1X exploration well.

"On AJ-14, we are confident that the stimulation programme, which has delivered positive outcomes on other wells on the field, will result in consistent flow rates in the region of 300 bopd gross and the well being quickly brought into production to generate revenue and additional cashflow."

the chairman elect
14/9/2022
08:05
Helium One Global (AIM: HE1), the primary helium explorer, is pleased to provide an update on progress at its Rukwa (100%) project area in Tanzania including details of its planned Phase II drilling campaign.



Summary

· Letter of intent ("LOI") signed with Baker Hughes to provide integrated services to Rukwa Phase II drilling campaign;

· Target spud date of January / February 2023 - subject to successful completion of rig audit and contract agreement;

· Baker Hughes has provided a low-cost solution by mobilising equipment already active in Southern Africa;

· Rig audit continues to demonstrate value by identifying and resolving engine component wear issues prior to mobilisation to Rukwa; and

· Licence renewal process commenced including relinquishment of non-prospective licence area totalling 1,548 km2 saving $309,600 per annum



David Minchin, Chief Executive Officer, commented:

"The focus of our attention in August has been to advance the Phase II drilling campaign at our Rukwa Helium Project both efficiently and effectively, therefore we are delighted to be able to announce milestone partnerships and a target timeline to drilling commencing in January / February 2023.

"Our partnership with Baker Hughes, a world leader in the delivery of integrated well services, ensures we have the best equipment on site to evaluate our Phase II drilling at Rukwa. Mobilising equipment currently in operation in Southern Africa allows us to deliver a cost-effective solution to overcoming the scarcity of downhole tools experienced globally.

"Delivery of our exploration programme commencing in January / February is dependent on concluding contract negotiations and completion of the rig audit conducted by ADC on our preferred rig in Kenya. The audit is progressing well, and we are pleased that issues that are being identified are in the yard where they can be easily fixed, rather than out in the field where rig problems are exponentially more difficult to resolve.

"Continued shortages in the global helium market have seen record prices in contract and spot pricing at $400/Mcf and $1,000/Mcf respectively. With demand from end users clearly demonstrating the requirement for a new source of high-grade primary helium, Helium One remains committed to delivering a successful Phase II drilling campaign at Tai, where robust closure at multiple stratigraphic levels and multiple subsurface helium shows identified in 2021 drilling gives us the best opportunity to make an economic discovery that unlocks the potential of the Rukwa helium province."

the chairman elect
14/9/2022
07:19
Insp Pretty good read still very high risk but as a few thousand buys many millions of shares you can treat it as a bit of fun as well as a punt that they actually will achieve something

Inspirit (LON: INSP), the technology and engineering solutions company, is pleased to provide a further update, following the announcement on 27 June 2022, regarding the Company's Waste Heat Recovery ("WHR") system and the marine application that the Company has been progressing with Volvo Marine.

The Company's phase one trial in Poland managed by Inspirit's engineering team, using a non-branded automotive engine, regularly produced a power output of over 34kW during several weeks of testing. This trial was conducted using an automotive engine with the same horsepower as the Volvo Penta D13 Engine running at 2400 revolutions per minute.

Further testing has recently been conducted in Poland, having concluded phase one of the WHR system development, and a series of short phase two tests of the WHR system have been conducted. These introduced the use of the Company's technology, the Helix Accelerator. Use of the Helix Accelerator resulted in a near doubling in the power output achieved to 64kW, using the same automotive engine as the phase one trial.

Further testing and development in Poland is planned before the end of 2022, with the goal of adding additional enhancements to the WHR system as part of the Company's proposed phase three trial programme, where further improvements in the power output are anticipated. Duration and stress testing will also be undertaken at this time, but to date the performance of the WHR system and its robustness have exceeded the Company's internal expectations.

Thereafter, Inspirit will seek to enter into a trial phase with Volvo Marine. The board are also actively pursuing commercial discussions with other parties that are active in the commercial automotive sector.

The board of Inspirit are very pleased with the team's achievements and the progress that has been made to date, particularly with the introduction of the Company's Helix Accelerator. The board remains confident that further significant improvements can be achieved, but further analysis of the data from the phase two trails is required before the upper power limits for the unit can be confidently predicted.

Additionally, the board are investigating the potential for the unit to be incorporated as a retrofit for the commercial engine market and in particular certain applications in the haulage market. This includes widening the Company's tradition sphere of operation in Europe and also in Asia and North America.

sweepie2
12/9/2022
17:10
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Proposed Placing, Subscription and Open Offer to raise a minimum of GBP15 million

Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announces its intention to conduct an equity fundraise (the "Fundraising") consisting of a placing and subscription targeting minimum gross proceeds of GBP15 million, and an open offer for up to an additional GBP2 million, both at a price of 3.5 pence per share.

Stifel Nicolaus Europe Limited ("Stifel") and Canaccord Genuity Limited ("Canaccord") are acting as joint bookrunners (the "Joint Bookrunners") to the Company in connection with the Fundraising.

The placing is being conducted through an accelerated bookbuilding process (the "Bookbuild") which will be launched immediately following this announcement and will be made available to eligible institutional investors on the terms and conditions set out in the Appendix to this announcement. The Bookbuild is expected to close no later than 8.00 a.m. on 13 September 2022. However, the Joint Bookrunners and the Company reserve the right to close the Bookbuild earlier or later, without further notice.

Capitalised terms not otherwise defined in the text of this announcement have the meaning given to them in the section headed "Definitions" below.

Background to the Fundraising

-- Deltic has a high impact, low risk, infrastructure led exploration and appraisal portfolio in the Southern and Central North Sea, with a significant weighting towards natural gas, and a proven ability to attract world class partners such as Shell and Capricorn.

-- The Company has an active forward operational schedule and a funded pathway to drilling activity with two firm wells operated by Shell U.K. Limited ("Shell") that will commence drilling from October 2022, and a portfolio of licences that offer a conveyor belt of drilling and farm-out opportunities.

-- The Shell-operated Pensacola well (Deltic WI: 30%) in the Southern North Sea is fully-funded and due to spud in October 2022 using the Maersk Resilient rig. The Company estimates that Pensacola has a gross P50 prospective resource of 309 BCF with a geological change of success ("GCoS") of 55% and an unrisked post tax project net present value ("NPV") of $553 million gross ($166 million net to Deltic), calculated based on a gas price of 80 pence per therm.

-- The Selene well (Deltic WI: 50%) in the Southern North Sea, operated by Shell, is expected to spud within the next 12-18 months following a firm investment decision in July 2022. The Company estimates that Selene has a gross P50 prospective resource of 318 BCF, with a GCoS of 70% and an unrisked post tax project NPV of $624 million gross ($312 million net to Deltic), also calculated using a gas price of 80 pence per therm.

-- The joint venture between Deltic and Capricorn is making good progress across the five jointly-owned Southern North Sea licences, including taking delivery of new 3D seismic data across licence P2428, and is looking to mature well prospects with a view to making its first well investment decision in 2023.

-- Deltic's technical team has successfully completed the initial phase of geological work on its Syros prospect (Deltic WI: 100%) in the Central North Sea, and a farm-out process has now commenced.

-- Preparatory work in anticipation of the UK's 33rd Offshore Licensing Round (due to be launched in Q4 2022) has commenced, with Deltic looking to build on its successful track record and further strengthen and diversify its portfolio through applications on both a 100% basis and in collaboration with selected partners, with technical evaluation work well advanced.

-- Deltic is seeking to raise minimum gross proceeds of GBP15million in order to fund its share of the Selene well, including contingency mandated by the Company's regulator, the NSTA, fund further investment in Deltic's existing licence portfolio, enable further investment in the UK's upcoming 33(rd) Offshore Licensing Round, and fund transaction costs, working capital and general corporate costs through to mid-2024.

Overview of the Fundraising

-- The Fundraising includes a proposed placing of new Ordinary Shares (the "Placing Shares") with new and existing institutional investors (the "Placing") and a proposed subscription for new Ordinary Shares (the "Subscription Shares") by certain directors and senior management of the Company (the "Subscription") to raise gross proceeds of approximately GBP15 million, at a price of 3.5 pence per new Ordinary Share (the "Placing Price").

-- The Placing is being conducted through the Bookbuild , which will be launched immediately following this announcement and will be made available to eligible institutional investors on the terms and conditions set out in the Appendix to this announcement. The Bookbuild is expected to close no later than 8.00 a.m. on 13 September 2022. However, the Joint Bookrunners and the Company reserve the right to close the Bookbuild earlier or later, without further notice.

-- The Company is further seeking to raise up to GBP2million through an open offer (the "Open Offer"), subject to successful completion of the Placing and Subscription, pursuant to which Ordinary Shares will be offered to existing shareholders at the Placing Price.

-- Confirmation of the Open Offer details will be announced alongside the completion of the Placing and Subscription.

-- The Company's largest shareholders, IPGL Limited and related individuals ("IPGL") and Inthallo Limited ("Inthallo"), have indicated that they intend to participate in the Fundraising, with IPGL and related individuals indicating that it intends to invest up to GBP5 million and Inthallo indicating that it intends to participate for up to GBP1.5 million.

-- The final number of Placing Shares that will be allocated to IPGL, its related individuals, and Inthallo is at the absolute discretion of the Joint Bookrunners and the Company and will be confirmed following the close of the Bookbuild.

-- Certain directors and members of the Company's senior management team have also indicated their intention to participate in the Fundraising by subscribing directly with the Company for new Ordinary Shares at the Placing Price.

-- The Fundraising will be subject to approval at a General Meeting, expected on 30 September 2022. Following the close of the Bookbuild, the Company expects to send, on or about 14 September 2022, a shareholder circular to convene the General Meeting and containing details of the Open Offer, together with an Open Offer application form (where applicable).

Graham Swindells, Chief Executive of Deltic Energy, commented:

"This is a very exciting time for Deltic as we will shortly be drilling of our Pensacola Gas Prospect and continue to progress, and add to, our conveyor belt of opportunities, not least our Selene Gas Prospect, which we look forward to commencing drilling within the next 12-18 months. Given the tragic events in Ukraine, the importance of having a secure supply of domestic gas from the UKCS has never been more evident, and Deltic is focused on becoming a key contributor to delivering that gas."

the chairman elect
12/9/2022
16:29
Good luck on HEMO sweepie2. Today has been difficult as the Interactive Investor's website has been screwed up all day. Fails to give the correct value of an investment with many missing completely. So the automatic trading platform thinks I have only minus £3.4K in cash in my trading account and not the £11k which is correct. So I can't trade. I can phone but so are many it seems.

It's OK again now, 4.30pm so no good for UK shares.

noirua
10/9/2022
07:20
Anybody who followed me into VAL on Monday with the appointment news and options would now be sitting on a 77% gain, hoping for a similar gain with HEMO
sweepie2
09/9/2022
15:31
Good luck on ADV Chairman. It looked very cheap more recently though I didn't have enough trust that it could attract interest just yet.
noirua
09/9/2022
15:27
RKH Rockhopper still gradually making its way back to 17p as a marker. My average buying price is 14.65p so not making anything so far.
noirua
09/9/2022
15:20
AIM listed ADVANCE ENERGY / LSE:ADV

Statement Regarding Recent Price Movement and Suspension of Trading

Advance Energy ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, notes the recent movement in the price of the Company's shares on AIM.

The Company has been actively assessing a number of live, value-accretive business development opportunities and confirms that it has entered into a non-binding Heads of Terms ("HoT) with the majority owner of a European oil and gas company , with the intention of the Company completing an acquisition of the European company for a combination of new shares in Advance and an earn out based on oil production (the "Potential Acquisition"). The HoT includes standard conditions, including an exclusivity period up to 29 October 2022 and the completion of satisfactory due diligence. The Potential Acquisition would be considered a reverse transaction under the AIM Rules for Companies and is therefore subject, inter alia, to the issue of a new AIM Admission Document that would set out details of the Proposed Acquisition and convene a General Meeting of the Company to obtain shareholder approval for the Potential Acquisition.

The Company's shares were temporarily suspended from trading on AIM this morning and will remain so until Advance is in a position to publish the associated AIM Admission Document for the Potential Acquisition. In the event that the Potential Acquisition does not proceed for whatever reason, it is expected that the temporary suspension in the Company's shares would be lifted.

It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place.

We look forward to updating the market in due course.

the chairman elect
09/9/2022
10:30
STOCK WATCH @ AIM listed ADVANCE ENERGY / LSE:ADV

"In Australia, is studying, with its partners, the deeper plays on its 10% Working Interest in WG-519-P Block on the North Western Shelf in Australia. The high Asian gas prices, and likely LNG feedstock shortage have increased interest in both our existing acreage, and additional projects which have been proposed to."

"In oil and gas, tightening hydrocarbons supply-demand balance promises a revival of exploration and the farm-out market. Shortages of piped gas and LNG feedstock have driven prices to record levels. There has rarely been a better time to hold prospective acreage".

BOBBIE8708 Sep '22 - 15:53 - 2718 of 2750

we have 2 deals so im being informed

BOBBIE8708 Sep '22 - 16:03 - 2719 of 2750

5m premium buy here they come 10 or 20x bagger incoming

the chairman elect
Chat Pages: Latest  32364  32363  32362  32361  32360  32359  32358  32357  32356  32355  32354  32353  Older

Your Recent History

Delayed Upgrade Clock