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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prospex Oil And Gas Plc | PXOG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.525 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.525 | 1.525 |
| Top Posts |
|---|
Posted at 27/11/2019 17:16 by johncasey its all linked mate..they know what shares we are all in and they play em like a fiddle to trigger stops..they see a popular share like EUA under pressure today and they'll target other shares the same investors are in |
Posted at 19/5/2019 11:40 by carlsagan1 Have any of you folks used X-O(by jarvis) or iweb-sharedealing(by halifax)?Interactive Investor will be increasing the fees again from June 1st from £22.50 a quarter to £9.99 a month, regardless of whether you trade or not, ive decided its time I finally transferred to another broker. x-o and iweb advertise a simple flat trade-only fee of £5.95 per trade and have no inactivity or monthly/yearly admin charges. |
Posted at 12/5/2019 09:42 by johncasey takeover time!Oil Giant Total SA Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in Africa 11/05/2019 1:29pm Dow Jones News Total (EU:FP) Intraday Stock Chart Today : Sunday 12 May 2019 Click Here for more Total Charts. By Neanda Salvaterra Total SA's deal to buy Anadarko Petroleum Corp.'s assets in Africa cements the French oil major's position as the world's second-largest provider of liquefied natural gas while pushing its business deeper into dangerous parts of the world. Total said earlier this week that it agreed to buy Anadarko's African assets for $8.8 billion in a transaction that would help Occidental Petroleum Corp. finance its takeover of the Texas-based oil producer. The deal was a key part of Occidental's victory over Chevron Corp. as the companies vied to buy Anadarko and its coveted U.S. shale holdings. If the sale goes through, Total will inherit projects across Algeria, Ghana, Mozambique and South Africa containing 1.2 billion barrels of oil-equivalent of proved and probable reserves, of which 70% is natural gas. The assets help Total gain ground on Royal Dutch Shell PLC, the market leader in natural gas, and brings it closer to its stated goal of becoming a cleaner company with a portfolio that contains more natural gas than crude. The Paris-based oil firm has completed a series of deals in recent years, including the purchase of French utility Engie SA's liquefied natural-gas business in 2017. Before the Anadarko deal, Total had about 10% of the liquefied natural-gas market, second to Royal Dutch Shell, which holds about 20%, analysts said. Total said the deal should be cash-flow positive from 2020, even if benchmark oil prices fall below $50 a barrel, and the assets should generate more than $1 billion a year in free cash flow from 2025. "Natural gas is at the heart of Total's strategy," Total Chief Executive Patrick Pouyanne said at a gas conference in Shanghai last month. "We want to be integrated along the gas value chain to take full advantage of this growing energy source and discover new [liquefied natural gas] outlets." Total has said it wants its portfolio to comprise 60% gas holdings by 2035, up from roughly 50% in 2018. The company and other oil giants are moving into natural gas as oil consumption is expected to rise by 0.5% a year between now and 2040, according to consulting firm Wood Mackenzie, and some forecasters say demand could stop growing altogether within the next decade. As buyers pivot toward cleaner fuels, global demand for natural gas is expected to rise by 1.6% annually from 2016 to 2022, according to the International Energy Agency. Natural-gas projects, though, tend to deliver lower returns than oil projects. The weighted average internal rate of return for liquefied natural-gas projects in the pipeline is about 13%, compared with 20% for deep-water projects and 51% for unconventional oil developments like shale, according to Wood Mackenzie. Historically, Total has shown a higher tolerance than its peers for doing business in dangerous places. Still, taking over Anadarko's assets in Africa presents challenges for the company. In a series of raids in February, insurgents in Mozambique attacked an Anadarko convoy in an area near the company's natural-gas development. The company placed its project-construction site on lockdown, and one Anadarko contractor was killed in the raids. Total has joined with Algeria's government on oil-and-gas projects since the 1950s, but recent political turmoil in the country -- Africa's largest producer of natural gas -- delayed the progress of some new gas agreements, including deals with Anadarko and Exxon Mobil Corp. Anadarko's Mozambique assets would give Total a big boost in the gas business. The region is home to one of the world's largest natural-gas deposits, just ahead of Egypt's giant Zohr offshore field. Anadarko has been developing a liquefied natural-gas project off Mozambique's coast, which was expected to start producing in 2024. Total said it would inherit 26.5% participating interest and operator status in the Mozambique project, which represents 2 billion barrels of oil equivalent of long-term natural-gas resources. "This Mozambique asset will be producing for decades, that positions Total in LNG into the middle of the century," said Stuart Joyner, an energy specialist at the research firm Redburn Partners. Total's deal occurs as the major oil companies are under increasing pressure from policy makers and activist investors to comply with the 2015 Paris climate accord and lower global carbon emissions from fossil fuels, which have been linked to rising global temperatures. A group of more than 4,500 shareholders working under the auspices of the Netherlands-based group Follow This have been pushing Royal Dutch Shell, BP PLC, Exxon Mobil, Chevron and Equinor ASA to set and publish emissions targets that are aligned with the goals of the climate agreement. Total so far hasn't been presented with a shareholder resolution to lower its carbon footprint, but the company is trying to get ahead of the curve, analysts say. "This is all part of [Total's] broader strategic aim to shift towards a low carbon energy future," said Valentina Kretzschmar, a director at Wood Mackenzie. |
Posted at 29/4/2019 09:45 by leeroy jenkins View Prospex Oil and Gas talk at The Global Group UK Investor Show: |
Posted at 16/4/2019 13:21 by leeroy jenkins Watch the presentation by CEO of Prospex Oil & Gas at The Global Group UK Investor Show here: |
Posted at 15/3/2019 11:21 by jpharks1 hxxps://www.voxmarkeI think we will eventually see value realized - either in anticipation of the Tesorillo drill end of this year / start of next; or failing this, upon eventual sale of the company to a major late 2020/2021 (largely dependent on Spanish drill success). Ed has been keen to emphasize the multiple corporate sales he has achieved in the past with the current management team (2013 Peppercoast Petroleum: divested LB-13, an offshore Liberia exploration block for $107m - now in the hands of Canadian Overseas (17%) and ExxonMobil (83%); 2014 Black Star Petroleum: Guinea Bissau 4B (800m barrel lead/prospect) and Namibia 2913B, the follow on vehicle sold to Impact Oil and Gas for £5.1m - up 90% from summer 2013 raise). There is quite clearly a frustratingly large disconnect between the share price and the NPV of the Italian & Romanian assets, let alone the additional potential prospectivity in Spain. The circa 70% share price decline over the past year has served to highlight our frustration at more funding required (loan notes) and further dilution of our equity to the tune of 30% or so. However, I think if investors are patient with at least a 2 year time horizon, the cashflow generation from the Italian and Romanian assets by themselves (not including the second drill on the EIV-1 Suceava Concession) should justify a valuation multiples above our current £2.4m market cap. Projected revenue in year 1 (2020) at the Selva Malvezzi Gas-Field is expected to be at least £1m per annum .... |
Posted at 01/12/2018 21:52 by temmujin Latest from Doc HolidayToday 19:33PXOG starts at 22:50 (not necessarily verbatim quotes below).Starts badly - 'been an absolute disaster', blames the Beaufort raise - though whatever the issues with Beaufort the capital raised has got us through to Romania production. Then gets more positive - 'gift at 0.25p', 'focus on assets', 'finance to take us through the passage of time', 'market perhaps has got this one wrong'. News on Spain anytime - need to increase to 15% by 31 Dec - watch PRL on ASX, Tarba Energy (Spain PRL subsidiary own the balance of Tesorillo), GeoProsys and GeogNosia - expert sub-contractors for AMT. News on Italian ministry progress anytime (not sure about soon!) - watch PVE on ASX. In the meantime Romania pumping gas and (hopefully paying our costs) - would be nice to see some numbers here. Also what news on the Grancesti workover to increase Romania production for, perhaps, not too much? Doc says he's been speaking with Ed. Time to update the investors directly - please Ed. |
Posted at 22/11/2018 09:31 by temmujin Meeting in Tarifa with the mayor and technicians of the BoardA group of technicians and investors of Tarba Energía has held a working meeting with the mayor of Tarifa, Francisco Ruiz, and technical staff of the territorial delegation of Knowledge and Employment of the Junta de Andalucía in Cádiz, with the aim of presenting the latest news of the project and the results of the work carried out to date. In this first phase, the technical team of Tarba has carried out the previous environmental and geological work, which will be followed by the magneto telluric study of the area, still pending authorization by the Ministry of Ecological Transition. Tarba will count for these new jobs with specialized technicians who will carry out the previous characterization of the area, the calibration of equipment and other preparatory tasks. The meeting was attended by Edward Dawson , CEO of Prospex , one of the investment companies, based in London, who has assessed the meeting as an opportunity to strengthen the project. On the part of the local authorities, the impact of the project on the economy at local, regional and national levels was favorably assessed. |
Posted at 06/11/2018 08:27 by blueblood Is the AMT in Spain nearly finished? Why don't the BoD keep investors updated on progress on projects as timescales have always significantly slipped here but hopefully 5 months on they will nearly be done! |
Posted at 17/10/2018 08:18 by nicosevos #RBD.. Whitman Howard Brokers. Dec 2017..Reabold offers investors unique access to low risk high return oil & gas projects.We define a RENAV of 2.7pps for Reabold, which could increase materially to 9.4pps in the event it fully derisks all its investments.MASSIVE UPSIDE . Edit, added 19/10 @Lee_Trades 2h2 hours ago #RBD market seems to completely forget the near term Cali drills, very low risk on/near producing fields, very quick operationally. Monroe Swell worth $100million to Reabold. Grizzly Island worth $100million to Reabold. |
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