PetroNor E&P to acquire Panoro Energy’s interest in OML 113
PetroNor E&P to acquire Panoro Energy’s interest in OML 113, offshore Nigeria
Transaction to diversify PetroNor’s portfolio with production and significant upside potential
Oslo, 21 October 2019: PetroNor E&P Limited (the "Company" or “PetroNor” with OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, is pleased to announce that it has entered into a sale and purchase agreement (“SPA”) with Panoro Energy ASA (“Panoro”), for its interest in Offshore Mining Lease no. 113 (“OML 113”) Offshore Nigeria, containing the Aje oil and gas field.
The proposed transaction will see PetroNor acquire 100% of the shares of Panoro’s fully owned subsidiaries Pan-Petroleum Services Holding BV (“PPSH”) and Pan-Petroleum Nigeria Holding (“PPNH”) (“Transaction”), which currently hold 100% of the shares in Pan-Petroleum Aje Limited (“Pan Aje”), which participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in OML 113.
The upfront consideration for the Transaction is US$ 10 million to be paid in PetroNor shares, with an option to pay partly in cash should the share price of PetroNor fall below USD 0.13 per share. The transaction also includes a contingent consideration structured as a royalty payment on future gas sales associated with the further development in OML 113.
Concurrently, PetroNor is in parallel concluding a separate agreement with the OML 113 operator Yinka Folawiyo Petroleum (“YFP”) to create a new holding company (“SPV”) that will see PetroNor assume the lead technical and management role to develop the next phases of the project. Together these agreements provide the framework and pathway towards sanction of the next phases of the Aje project in order to exploit the substantial gas and liquids reserves and unlock its significant value. PetroNor and YFP will hold respectively 45% and 55% of the SPV. The SPV, which will include the current license ownerships of YFP (the Operator), YPF-DW and Panoro, will hold an approximate 75.5 % participating interest, approximately 29% economic interest for the initial period and approximately 38.7% economical interest for the main part of the project going forward. The closing of the two transactions are interlinked and each is contingent on the closing of the other.
Jens Pace, Chief Executive Officer of PetroNor said: “This acquisition is wholly in line with our stated growth strategy in terms of acquiring assets that add production and material reserves and resources to the Company. The upside potential attached to this project is significant and we are confident that the restructuring of the Aje partners, through the partnership with YFP, will result in a dynamic and effective operating JV capable of realising the full value of the field, both in terms of near-term oil production growth and more importantly with regards to the development of the substantial gas resources associated with the field.
The Transaction ensures alignment between PetroNor, Panoro and YFP meaning all parties benefit in the success case. We continue to assess a pipeline of opportunities that will enable us to achieve our ambitious growth target of 30,000 boepd within three years through organic and acquisitive means, as we seek to establish ourselves as a premier, full-cycle, pan-African operator”.
The Transaction is conditional on execution and conclusion of the agreement with YFP, expected to conclude in the coming weeks, and upon the authorisation of the Nigerian Department of Petroleum Resources and the consent of the Nigerian Minister of Petroleum Resources. Securing the authorisation and consent is expected to take several months with a long stop date agreed by the parties of 31 December 2020, following which either party is entitled to terminate the agreement.
Transaction highlights:
• The transaction diversifies PetroNor’s portfolio through the addition of:
o An initial net production rate of 350 - 400 boepd
o An added 2C reserves base of 20 million barrels of oil equivalents (boe) that are expected to be converted to 2P reserves upon approval of the development plan
o A successful development of the gas associated with the Aje field could result in net daily production of approximately 2,500-3,000 boepd to PetroNor
• The principal strategic rationale for the acquisition:
o Become technical operator of a de-risked development project with significant upside potential
o Alignment of the license partners to support a fully financed project re-development
o Opportunity to leverage PetroNor’s technical experience to progress Aje project and deliver near-term increased commercial recovery of hydrocarbons
o Diversification of portfolio in line with stated strategy
o Entry into Nigeria providing a foothold to explore further opportunities in country
o Funding mechanism that ensures alignment of all parties, diversifies PetroNor’s shareholder register with approximately 3,000 shareholders from Panoro and enhances free-float
o Positive environmental impact as PetroNor intends to eliminate the current gas flaring within 18 months
o The gas development project will provide a cleaner source of energy for the city of Lagos replacing diesel fired power generators
• PetroNor to acquire 100% of the shares of Panoro’s fully owned subsidiaries Pan-Petroleum Services Holding BV (“PPSH”) and Pan-Petroleum Nigeria Holding (“PPNH”)
• PPSH and PPNH are holding companies with local Directors Vistra (Amsterdam) BV, representing the sole shareholder, Panoro. Since Pan Aje has a non-operating participation on OML 113, the company does not have local employees and are represented by Panoro employees as the Board of Directors. The three companies are managed by Panoro personnel.
• The acquired companies hold 100% of the shares in Pan Aje, which participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in Offshore Mining Lease no. 113 (OML 113)
• Separate Agreement with YFP, the Operator of OML 113, will result in the creation of a special purpose vehicle (“SPV”) to restructure the OML 113 licence partnership and fund the further development of the Aje field
o The SPV will combine the YFP, YFP-DW and Panoro ownership of OML 113
o The SPV will hold 75% participating interest in the license and an effective 38.755% economical interest for the main production period
o The SPV will be the operator and PetroNor will be the lead technical partner through a joint team
• Upfront consideration: allotment and issue of shares in PetroNor with a value of US$ 10 million. In the event the share price is less than USD 0.13, PetroNor has the right to pay partly in cash.
• Contingent consideration: once Pan Aje has recovered all costs related to the accumulated investments incurred after the date of completion, PetroNor shall pay to Panoro additional consideration of US$ 0.15 per 1,000 cubic feet of the Aje Natural Gas Sales Volume
The Asset
The Aje field came on production in May 2016 and has produced a cumulative of 3.6 million barrels of oil and condensate as at 1st August 2019. The current production rate is in the order of 3,000 bopd of oil (including some condensate). PetroNor has been working with the indigenous company, YFP, to prepare a re-vitalisation plan for the field. The development program is phased to minimize exposure and secure a solid rate of return on the investment. The field is expected to reach a gross production of 20,000 boepd of which 5,000-7,000 bopd consist of oil and condensate.
Conference call
The management of PetroNor will host a conference call at 09:30 Oslo time on Tuesday 22 October. Interested parties can access the call on the following dial in details:
• Norway: 800 62 196
• United Kingdom: 0800 358 9473
• International: +47 23500243
• PIN: 23956996#
An audio playback of the call will be made available upon request.
For further information, please contact:
Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810
Buchanan – Investor Relations
Ben Romney
Tel: +44 207 466 5000
Appendix
The Appendix in the attached document show key unaudited production, sales and financial information including those from the balance sheet and profit and loss account for Pan Aje on a consolidated basis with the Divested Subsidiaries for the financial years ended 31 December 2016, 2017 and 2018 and half year ended 30 June 2019.
https://www.oslobors.no/markedsaktivitet/#/details/PNOR.OAX/messages
Transaction to diversify PetroNor’s portfolio with production and significant upside potential
Oslo, 21 October 2019: PetroNor E&P Limited (the "Company" or “PetroNor” with OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, is pleased to announce that it has entered into a sale and purchase agreement (“SPA”) with Panoro Energy ASA (“Panoro”), for its interest in Offshore Mining Lease no. 113 (“OML 113”) Offshore Nigeria, containing the Aje oil and gas field.
The proposed transaction will see PetroNor acquire 100% of the shares of Panoro’s fully owned subsidiaries Pan-Petroleum Services Holding BV (“PPSH”) and Pan-Petroleum Nigeria Holding (“PPNH”) (“Transaction”), which currently hold 100% of the shares in Pan-Petroleum Aje Limited (“Pan Aje”), which participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in OML 113.
The upfront consideration for the Transaction is US$ 10 million to be paid in PetroNor shares, with an option to pay partly in cash should the share price of PetroNor fall below USD 0.13 per share. The transaction also includes a contingent consideration structured as a royalty payment on future gas sales associated with the further development in OML 113.
Concurrently, PetroNor is in parallel concluding a separate agreement with the OML 113 operator Yinka Folawiyo Petroleum (“YFP”) to create a new holding company (“SPV”) that will see PetroNor assume the lead technical and management role to develop the next phases of the project. Together these agreements provide the framework and pathway towards sanction of the next phases of the Aje project in order to exploit the substantial gas and liquids reserves and unlock its significant value. PetroNor and YFP will hold respectively 45% and 55% of the SPV. The SPV, which will include the current license ownerships of YFP (the Operator), YPF-DW and Panoro, will hold an approximate 75.5 % participating interest, approximately 29% economic interest for the initial period and approximately 38.7% economical interest for the main part of the project going forward. The closing of the two transactions are interlinked and each is contingent on the closing of the other.
Jens Pace, Chief Executive Officer of PetroNor said: “This acquisition is wholly in line with our stated growth strategy in terms of acquiring assets that add production and material reserves and resources to the Company. The upside potential attached to this project is significant and we are confident that the restructuring of the Aje partners, through the partnership with YFP, will result in a dynamic and effective operating JV capable of realising the full value of the field, both in terms of near-term oil production growth and more importantly with regards to the development of the substantial gas resources associated with the field.
The Transaction ensures alignment between PetroNor, Panoro and YFP meaning all parties benefit in the success case. We continue to assess a pipeline of opportunities that will enable us to achieve our ambitious growth target of 30,000 boepd within three years through organic and acquisitive means, as we seek to establish ourselves as a premier, full-cycle, pan-African operator”.
The Transaction is conditional on execution and conclusion of the agreement with YFP, expected to conclude in the coming weeks, and upon the authorisation of the Nigerian Department of Petroleum Resources and the consent of the Nigerian Minister of Petroleum Resources. Securing the authorisation and consent is expected to take several months with a long stop date agreed by the parties of 31 December 2020, following which either party is entitled to terminate the agreement.
Transaction highlights:
• The transaction diversifies PetroNor’s portfolio through the addition of:
o An initial net production rate of 350 - 400 boepd
o An added 2C reserves base of 20 million barrels of oil equivalents (boe) that are expected to be converted to 2P reserves upon approval of the development plan
o A successful development of the gas associated with the Aje field could result in net daily production of approximately 2,500-3,000 boepd to PetroNor
• The principal strategic rationale for the acquisition:
o Become technical operator of a de-risked development project with significant upside potential
o Alignment of the license partners to support a fully financed project re-development
o Opportunity to leverage PetroNor’s technical experience to progress Aje project and deliver near-term increased commercial recovery of hydrocarbons
o Diversification of portfolio in line with stated strategy
o Entry into Nigeria providing a foothold to explore further opportunities in country
o Funding mechanism that ensures alignment of all parties, diversifies PetroNor’s shareholder register with approximately 3,000 shareholders from Panoro and enhances free-float
o Positive environmental impact as PetroNor intends to eliminate the current gas flaring within 18 months
o The gas development project will provide a cleaner source of energy for the city of Lagos replacing diesel fired power generators
• PetroNor to acquire 100% of the shares of Panoro’s fully owned subsidiaries Pan-Petroleum Services Holding BV (“PPSH”) and Pan-Petroleum Nigeria Holding (“PPNH”)
• PPSH and PPNH are holding companies with local Directors Vistra (Amsterdam) BV, representing the sole shareholder, Panoro. Since Pan Aje has a non-operating participation on OML 113, the company does not have local employees and are represented by Panoro employees as the Board of Directors. The three companies are managed by Panoro personnel.
• The acquired companies hold 100% of the shares in Pan Aje, which participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in Offshore Mining Lease no. 113 (OML 113)
• Separate Agreement with YFP, the Operator of OML 113, will result in the creation of a special purpose vehicle (“SPV”) to restructure the OML 113 licence partnership and fund the further development of the Aje field
o The SPV will combine the YFP, YFP-DW and Panoro ownership of OML 113
o The SPV will hold 75% participating interest in the license and an effective 38.755% economical interest for the main production period
o The SPV will be the operator and PetroNor will be the lead technical partner through a joint team
• Upfront consideration: allotment and issue of shares in PetroNor with a value of US$ 10 million. In the event the share price is less than USD 0.13, PetroNor has the right to pay partly in cash.
• Contingent consideration: once Pan Aje has recovered all costs related to the accumulated investments incurred after the date of completion, PetroNor shall pay to Panoro additional consideration of US$ 0.15 per 1,000 cubic feet of the Aje Natural Gas Sales Volume
The Asset
The Aje field came on production in May 2016 and has produced a cumulative of 3.6 million barrels of oil and condensate as at 1st August 2019. The current production rate is in the order of 3,000 bopd of oil (including some condensate). PetroNor has been working with the indigenous company, YFP, to prepare a re-vitalisation plan for the field. The development program is phased to minimize exposure and secure a solid rate of return on the investment. The field is expected to reach a gross production of 20,000 boepd of which 5,000-7,000 bopd consist of oil and condensate.
Conference call
The management of PetroNor will host a conference call at 09:30 Oslo time on Tuesday 22 October. Interested parties can access the call on the following dial in details:
• Norway: 800 62 196
• United Kingdom: 0800 358 9473
• International: +47 23500243
• PIN: 23956996#
An audio playback of the call will be made available upon request.
For further information, please contact:
Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810
Buchanan – Investor Relations
Ben Romney
Tel: +44 207 466 5000
Appendix
The Appendix in the attached document show key unaudited production, sales and financial information including those from the balance sheet and profit and loss account for Pan Aje on a consolidated basis with the Divested Subsidiaries for the financial years ended 31 December 2016, 2017 and 2018 and half year ended 30 June 2019.
https://www.oslobors.no/markedsaktivitet/#/details/PNOR.OAX/messages
Redigert 21.01.2021 kl 08:35
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tuja
21.10.2019 kl 19:54
7794
Nå begynner selskapet å levere iht guidingen på hjemmesiden. Meget bra.
Redigert 21.01.2021 kl 08:35
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parties, diversifies PetroNor’s shareholder register with approximately 3,000 shareholders from Panoro and enhances free-float
Hadde ikke sett for meg denne, her slår det to fluer i en smekk. Økt produksjon og friflyt kravet blir innfridd!
Eller mistolker jeg?
Hadde ikke sett for meg denne, her slår det to fluer i en smekk. Økt produksjon og friflyt kravet blir innfridd!
Eller mistolker jeg?
Redigert 21.01.2021 kl 08:35
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Det betyr ingenting i forhold til alle warrants og hvorfor selger PEN?
Redigert 21.01.2021 kl 08:35
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thief
21.10.2019 kl 20:18
7579
Nei,det forbedrer friflyt,men er ikke nok🙂
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Warom
21.10.2019 kl 22:11
7296
Lurer egentlig litt på om dette i det hele tatt påvirker free float på kort sikt når transaksjonen ikke kan closes på flere måneder, pga myndighetsgodkjennelse? Derimot vil dette trolig kunne være tilstrekkelig til at Petronor warrants løses ut, da dette er en "agreement" som signeres, og om de da har signert on "legally binding offtake agreement" samtidig er de i mpl. Det igjen vil jo være veldig interessant, hvis dette utløser Petronor-warrants, som igjen nærmest gjør det "umulig" å unngå at våre warrants utløses.
Warrants blir trigget, dette er et vesting event(men free float håndteres ikke FØR på transaksjonstidspunktet som ikke vil finne sted før i 2020).
Jo mer jeg leser så kan det vel ikke være noe tvil at alt dette først vil endelig skje ved endelig closing av begge avtaler(inkludert myndighetsgodkjennelse). Ergo det vil da ikke gjøre noe når det kommer til free float på kort sikt. Derimot kan dette være det som skal til for å sikre warrants til Petronor og da tror jeg forlik ligger rundt hjørnet.
Warrants blir trigget, dette er et vesting event(men free float håndteres ikke FØR på transaksjonstidspunktet som ikke vil finne sted før i 2020).
Jo mer jeg leser så kan det vel ikke være noe tvil at alt dette først vil endelig skje ved endelig closing av begge avtaler(inkludert myndighetsgodkjennelse). Ergo det vil da ikke gjøre noe når det kommer til free float på kort sikt. Derimot kan dette være det som skal til for å sikre warrants til Petronor og da tror jeg forlik ligger rundt hjørnet.
Redigert 21.01.2021 kl 08:35
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thief
21.10.2019 kl 22:14
7241
Og med forlik i boks,mye færre aksjer til pen😉De sier vel litt mer i morgen,rundt denne avtalen og hva de forventer seg.
Redigert 21.01.2021 kl 08:35
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Warom
21.10.2019 kl 22:20
7164
Hvis det jeg skriver ovendor er riktig mtp free float, så vil "gamle petronor" nå holde 85,95 av alle aksjer og warrants. Det betyr at gamle APCL holder 14,05%. Det eneste som da kan "redde free float" på kort sikt(det er vel ca en mnd før det må være løst) vil være en utløsing av "S/G warrants". I tillegg selvfølgelig ett eller annet vi per nå ikke har fått med oss.
Redigert 21.01.2021 kl 08:35
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thief
21.10.2019 kl 22:27
7091
Satser på at de nå også leverer forlik,kunne jo vært fint med en statusoppdatering i morgen. Kanskje noen som skal delta på telefonmøte🙂?
Redigert 21.01.2021 kl 08:35
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Warom
21.10.2019 kl 22:34
7021
Ja, skal ikke du ?
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thief
21.10.2019 kl 22:55
6902
Warom skrev Ja, skal ikke du ?
Se hva jeg får til,men har litt kursing i morgen. Ikke like lett å få det til da🙁Men ikke redd for å gå glipp av noe,regner med det er mange som holder seg oppdatert.Ikke unaturlig at de kommenterer litt rundt denne målsettingen sin,som de igjen gjentar i dag🙂Og hadde vært flott om de kunne si noe om fremgangen på forliksforhandlingene,om det fortsatt er realistisk!Så blir det jo spennende å høre hva slags utvikling de ser for seg på denne lisensen,drilling osv!Deilig vi endelig er i gang,og at petronor begynner å levere.
Redigert 21.01.2021 kl 08:35
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thief
21.10.2019 kl 23:44
6745
Opportunity to leverage PetroNor’s technical experience to progress Aje project and deliver near-term increased commercial recovery of hydrocarbons
o Entry into Nigeria providing a foothold to explore further opportunities in country
Greit å ta med disse punktene også,petronor har jo noe å bidra med her,for å øke produksjonen.Og de ser kanskje for seg enda mer i Nigeria
o Entry into Nigeria providing a foothold to explore further opportunities in country
Greit å ta med disse punktene også,petronor har jo noe å bidra med her,for å øke produksjonen.Og de ser kanskje for seg enda mer i Nigeria
Redigert 21.01.2021 kl 08:35
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rischioso
22.10.2019 kl 04:03
6564
Det som kommer først er utvanning gjennom aksjeutvidelsen og så emisjon - mao, here we go again ...
Og så til 1000 dollar spørsmålet - hvorfor solgte PEN ... ?? ... ;)
Og så til 1000 dollar spørsmålet - hvorfor solgte PEN ... ?? ... ;)
Redigert 21.01.2021 kl 08:35
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thief
22.10.2019 kl 07:15
6359
He. He,klovn ris 🙂Hvordan kommer man til 30.000 i produksjon???Tror du det kommer gratis!Og de har mulighet til å betale cash også.Så spørs det hvor mye aksjen er verdt,når de eventuelt skal motta aksjer.Så ikke ut til at prisen var satt enda.Kommer forlik,er aksjen lett verdt 2kr,og antall nye aksjer blir minimalt!Og hvis noen kjøper en lisens,er det alltid noen som må selge,eller??Og har da selger alltid rett?🙂Petronor danner også et partnerskap på lisensen,som sikkert vil få mer fart på lisensen,og petronor kommer inn med kunnskap,som se selv sier,som vil kunne øke produksjonen.Dette har de jobbet med lenge,og tror nok de vet litt mer om potensiale og om dealen er god,enn du gjør🙂De gjør ikke dette pga at de må,men at de anser dette som en meget god mulighet.Så tror ikke du skal synse så mye.Får vi vite mer 9.30 i dag🙂
Redigert 21.01.2021 kl 08:35
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thief
22.10.2019 kl 07:58
6202
Og det som er så bra med petronor,er at de som sitter i ledelsen,sitter i samme båt som aksjonærene🙂Det er de 2 store eierene som bestemmer, og de vil vel at verdien på aksjene sine/selskapet skal øke mest mulig!De tenker ikke kun på sin egen lønn,som er tilfellet i mange andre selskap.Så de vil øke verdien på selskapet mest mulig,for sin egen del og da henger vi på🙂Blir spennende å høre hva de sier i dag,og om de kommenterer noe mer rundt målsettingen på 30k og forhandlingene rundt forlik
Redigert 21.01.2021 kl 08:35
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Warom
22.10.2019 kl 08:06
6148
Opp i all Nigereia/PEN snakket så er jo denne fra AEI i dag også litt interessant 🙂
(ikke hele artikkelen, men det viktigste)
SENEGAL Africa Energy Intelligence dated 22/10/2019
APCL arbitration: the secret story of Total's stake in Rufisque Offshore
The French major cast its net far and wide to negotiate for the permit previously owned by APCL.
According to our information, the French major, headed by Patrick Pouyanné, struck up talks with APCL to negotiate a share in the block as early as July 2016. It had asked APCL to share seismic data available for the asset and the two parties said to have signed a non-disclosure agreement with the Senegalese government's approval. After APCL was evicted from the blocks, the entire permit was awarded to Total in early May 2017.
A month earlier, President Macky Sall had attended a dinner at the Elysée Palace on March 22 following a meeting between the French minister of foreign affairs Jean-Marc Ayrault and his Senegalese homologue Mankeur Ndiaye in Paris on February 21 that year. By obtaining the permit from the Senegalese government directly, *Total was able to save hundreds of millions of dollars as it did not have to take on APCL's exploration expenses that it would have had to pay for if it had entered the permit in 2016*.
(ikke hele artikkelen, men det viktigste)
SENEGAL Africa Energy Intelligence dated 22/10/2019
APCL arbitration: the secret story of Total's stake in Rufisque Offshore
The French major cast its net far and wide to negotiate for the permit previously owned by APCL.
According to our information, the French major, headed by Patrick Pouyanné, struck up talks with APCL to negotiate a share in the block as early as July 2016. It had asked APCL to share seismic data available for the asset and the two parties said to have signed a non-disclosure agreement with the Senegalese government's approval. After APCL was evicted from the blocks, the entire permit was awarded to Total in early May 2017.
A month earlier, President Macky Sall had attended a dinner at the Elysée Palace on March 22 following a meeting between the French minister of foreign affairs Jean-Marc Ayrault and his Senegalese homologue Mankeur Ndiaye in Paris on February 21 that year. By obtaining the permit from the Senegalese government directly, *Total was able to save hundreds of millions of dollars as it did not have to take on APCL's exploration expenses that it would have had to pay for if it had entered the permit in 2016*.
Redigert 21.01.2021 kl 08:35
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Warom
22.10.2019 kl 08:10
6113
.....og dette er vel da i så fall grunnen til at JP gikk bort i fra å "bry seg om" ROP under "Paretopresentasjonen" våren -17.
"....struck up talks with APCL to negotiate a share in the block as early as July 2016. It had asked APCL to share seismic data available for the asset and the two parties said to have signed a non-disclosure agreement with the Senegalese government's approval".
.....og kanskje grunnen for den kommentaren på XI-presentasjonen: We watch it with interest.
"....struck up talks with APCL to negotiate a share in the block as early as July 2016. It had asked APCL to share seismic data available for the asset and the two parties said to have signed a non-disclosure agreement with the Senegalese government's approval".
.....og kanskje grunnen for den kommentaren på XI-presentasjonen: We watch it with interest.
Redigert 21.01.2021 kl 08:35
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thief
22.10.2019 kl 08:14
6088
Lukter litt skittent spill her🙂Tenker vi snart har sosp i boks jeg,så ikke det blir mer oppmerksomhet rundt rop og total!Begynte vi bra i går,satser vi på det kommer mere!
Redigert 21.01.2021 kl 08:35
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FkL
22.10.2019 kl 08:30
5993
Da ble jo plutselig denne fra Barry Morgan interessant :)
Partners to boost Aje field
Lagos-based Yinka Folawiyo and its partners in the Aje field off Nigeria have decided to push ahead with the next phase of the project that will see oil production rise rapidly, writes Barry Morgan. London-listed junior ADM Energy — which has a minority stake in
Lagos-based Yinka Folawiyo and its partners in the Aje field off Nigeria have decided to push ahead with the next phase of the project that will see oil production rise rapidly, writes Barry Morgan. London-listed junior ADM Energy — which has a minority stake in OML 113 where Aje is located — said the partners have concluded technical work to support a decision to proceed with phase two, targeting gross output of up to 12,000 barrels per day.
https://www.upstreamonline.com/weekly/partners-to-boost-aje-field/2-1-681077
Partners to boost Aje field
Lagos-based Yinka Folawiyo and its partners in the Aje field off Nigeria have decided to push ahead with the next phase of the project that will see oil production rise rapidly, writes Barry Morgan. London-listed junior ADM Energy — which has a minority stake in
Lagos-based Yinka Folawiyo and its partners in the Aje field off Nigeria have decided to push ahead with the next phase of the project that will see oil production rise rapidly, writes Barry Morgan. London-listed junior ADM Energy — which has a minority stake in OML 113 where Aje is located — said the partners have concluded technical work to support a decision to proceed with phase two, targeting gross output of up to 12,000 barrels per day.
https://www.upstreamonline.com/weekly/partners-to-boost-aje-field/2-1-681077
Redigert 21.01.2021 kl 08:35
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thief
22.10.2019 kl 08:35
5963
Nydelig fkl🙂Petronor går ikke inn,uten de ser stort potensiale.Kan vel hende pen angrer litt,når det nå kanskje blir litt fart i utviklingen av lisensen💰Har vel vært litt stillstand der,pga uenigheter osv.Så går jo vi nå inn i partnerskap med den største lisenseieren.
Redigert 21.01.2021 kl 08:35
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Warom
22.10.2019 kl 08:40
6563
Helt klart, og den artikkelen er jo fra 04.10.19
Redigert 21.01.2021 kl 01:43
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FkL
22.10.2019 kl 08:46
6508
Så det ble spurt om det på XI og gjentar det også her selv om det ligger i tråden.
Conference call
The management of PetroNor will host a conference call at 09:30 Oslo time on Tuesday 22 October. Interested parties can access the call on the following dial in details:
• Norway: 800 62 196
• United Kingdom: 0800 358 9473
• International: +47 23500243
• PIN: 23956996#
Conference call
The management of PetroNor will host a conference call at 09:30 Oslo time on Tuesday 22 October. Interested parties can access the call on the following dial in details:
• Norway: 800 62 196
• United Kingdom: 0800 358 9473
• International: +47 23500243
• PIN: 23956996#
Redigert 21.01.2021 kl 01:43
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tuja
22.10.2019 kl 08:49
6477
Dette ser bare bedre og bedre ut mtp forlik. Det ticker nok inn flere godmeldinger innen kort tidshorisont. Nydelig.
:)
:)
Redigert 21.01.2021 kl 01:43
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Dragovic
22.10.2019 kl 09:46
6288
Ser ut for at markedet er helt enig med deg. Investorene stormer til og kjøper med begge hender. Eller vent.... Det stemmer, enkelte på forum her ser ting som ingen andre investorer, altså MED penger, evner å se. Hva er den egentlige grunnen til den ukuelige optimismen? Jeg HÅPER jo kursen går på et tidspunkt, da jeg selv har noen aksjer her. Men denne blåøyde positive vinklingen og, til tider konspiratoriske, synsingen om at ALT som skjer er super-bull virker i beste fall fjollete.
Redigert 21.01.2021 kl 01:43
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tuja
22.10.2019 kl 09:57
6208
Fra xi, conf call ang free-float:
Spørsmål om 25% free float; This acquisition is a part of that, and there will be opportunities in near future that will solve that
Det lukter forlik lang vei.
:)
Spørsmål om 25% free float; This acquisition is a part of that, and there will be opportunities in near future that will solve that
Det lukter forlik lang vei.
:)
Redigert 21.01.2021 kl 01:43
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Bsingh
22.10.2019 kl 09:59
6189
Hva er egentlig grunnen til den ukuelige pessimismen? Det håper jeg også, men du burde skjønne at det er mennesker her som har fulgt aksjen lenge, og som er inneforstått med ventetiden. Skjønner at du kanskje vil ha blå tall med en gang, men ville gitt det litt mer tid om jeg var deg. Hvis du er så i mot optimismen og mener det er konspiratorisk, så kan du jo alltids selge da, kanskje det blir du som har rett, og som kommer best ut av dette. Hvis det ikke er et alternativ, så skjønner jeg ingenting. Da har du rett og slett kjøpt en hausse aksje basert på alle skribentene, så sitter du og klager etterpå? Plis.
Redigert 21.01.2021 kl 01:43
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oivindl
22.10.2019 kl 10:05
6147
Det er vel naturlig at kursen faller når utsiktene til at warrantsene aktiveres blir større.
Rent logisk burde altså kursen stige frem mot utløpet av warrantsene, så lenge det ikke kommer signaler om at de aktiveres.
For kursen per aksje, vil det være en stor fordel om alle forlik og avtaler inngås i januar i stedet for i desember.
Rent logisk burde altså kursen stige frem mot utløpet av warrantsene, så lenge det ikke kommer signaler om at de aktiveres.
For kursen per aksje, vil det være en stor fordel om alle forlik og avtaler inngås i januar i stedet for i desember.
Redigert 21.01.2021 kl 01:43
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china
22.10.2019 kl 10:08
6116
Nei jeg skjønner heller ikke denne enorme pessimismen!!!Dette går jo så det knaker
Redigert 21.01.2021 kl 01:43
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thief
22.10.2019 kl 10:10
6085
Fikk ikke deltatt på dette telefonmøte,men spennende at 25% fri flyt,kan løse seg snart🙂De har vel jobbet med Nigeria en stund,og ikke kommunisert at de har andre prosjekter på gang.Og skal de inn i et nytt prosjekt,tar jo dette veldig lang tid,før de bestemmer seg.Så er vel ikke så mange muligheter for å løse friflyt på i nærmeste fremtid,utenom forlik🙂
Redigert 21.01.2021 kl 01:43
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FkL
22.10.2019 kl 10:10
6079
Ok, vi forsøker oss med en oppsummering av dagens telefonkonferanse:
- Ikke overraskende nok har Petronor gått inn i feltet på grunn av de ser store utviklingsmuligheter
- Gassmulighetene i feltet skal utnyttes
- Transaksjonen er med i planen når det gjelder free float på 25%
- Det er ikke besluttet på nåværende tidspunkt hvordan feltet skal betales, både aksjer og kontanter er opsjoner og dette avgjøres nærmere transaksjonen.
- Jens bekreftet deres ambisjoner på 30.000 på 3 år og at det finnes en plan for dette
- Jens bekreftet at det finnes flere liknende prosjekter i pipeline
- Ikke overraskende nok har Petronor gått inn i feltet på grunn av de ser store utviklingsmuligheter
- Gassmulighetene i feltet skal utnyttes
- Transaksjonen er med i planen når det gjelder free float på 25%
- Det er ikke besluttet på nåværende tidspunkt hvordan feltet skal betales, både aksjer og kontanter er opsjoner og dette avgjøres nærmere transaksjonen.
- Jens bekreftet deres ambisjoner på 30.000 på 3 år og at det finnes en plan for dette
- Jens bekreftet at det finnes flere liknende prosjekter i pipeline
Redigert 21.01.2021 kl 01:43
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thief
22.10.2019 kl 10:20
6021
Er jo ingen tvil om at det da er en stor fordel å lande kursdrivende avtaler nå,hvis de kan betale med aksjer 🙂
Redigert 21.01.2021 kl 01:43
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fkrist
22.10.2019 kl 10:31
5950
Det kan være en god deal, et felt med utrolige muligheter. Ser Pareto mener det samme: https://finansavisen.no/nyheter/bors/2019/10/22/7465326/pareto-analytiker-har-to-favoritter-anbefaler-kjop
Redigert 21.01.2021 kl 01:43
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thief
22.10.2019 kl 10:48
5877
Jepp,kan bli meget bra dette,hvis de nå får dette samarbeidet på plass🙂Og det gjør de vel med denne jv-avtalen.Ellers hadde de vel ikke tatt denne muligheten
Redigert 21.01.2021 kl 01:43
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tuja
22.10.2019 kl 10:50
5861
«PetroNor vil gjennom en sammenkoblet transaksjon etablere en JV med operatøren YFP og sikre teknisk operatørskap, noe som sannsynligvis vil gjenopplive det historisk plagsomme Aje-partnerskapet. Som sådan tror vi transaksjonen kan låse opp betydelig verdi og ser på den som positiv for begge selskaper», mener analytikeren.
Pareto Securities har en kjøpsanbefaling på aksjen. Ifølge en oppdatering ventes det at nåværende kursmål på 23 kroner vil bli oppjustert.
Meglerhuset varsler også at det kommer til å starte dekning på PetroNor innen kort tid.
«Vi anslår verdsettelseseffekten på Panoro til 1,5 kroner per aksje, mens transaksjonen kan bli svært lønnsom for PetroNor hvis det er i stand til å øke oljeproduksjonen og/eller utvikle de store gassressursene på Aje», oppsummerer Kristiansen.
BULL!
Pareto Securities har en kjøpsanbefaling på aksjen. Ifølge en oppdatering ventes det at nåværende kursmål på 23 kroner vil bli oppjustert.
Meglerhuset varsler også at det kommer til å starte dekning på PetroNor innen kort tid.
«Vi anslår verdsettelseseffekten på Panoro til 1,5 kroner per aksje, mens transaksjonen kan bli svært lønnsom for PetroNor hvis det er i stand til å øke oljeproduksjonen og/eller utvikle de store gassressursene på Aje», oppsummerer Kristiansen.
BULL!
Redigert 21.01.2021 kl 01:43
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Warom
22.10.2019 kl 11:01
5803
Han(JP) sier «et steg i riktig retning for free float», men han sier samtidig like før at de vil se( ved closing) om de velger å bruke penger og ikke bare aksjer ved oppgjør(og at det avhenger av aksjekursen ved completion). Så der bekrefter han jo at aksjene ikke vil utstedes før completion. Han sier også at free float ved completion kan være avgjørende for hvor mye de eventuelt bruker av aksjer i oppgjøret.
Free float er et kontinuerlig krav fra OB, og han sier altså at free float ved completion kan spille inn på om deler av oppgjøret utbetales med aksjer/cash. Ergo free float på kort sikt vil ikke påvirkes av transaksjonen slik jeg forstår det.
Free float er et kontinuerlig krav fra OB, og han sier altså at free float ved completion kan spille inn på om deler av oppgjøret utbetales med aksjer/cash. Ergo free float på kort sikt vil ikke påvirkes av transaksjonen slik jeg forstår det.
Redigert 21.01.2021 kl 01:43
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FkL
22.10.2019 kl 11:08
5772
Ja, det må jo være slik, for fristen for «oppstart» av free float må være nå i løpet av november. Jeg har ingen tro på at OB strekker seg noe lenger.
Redigert 21.01.2021 kl 01:43
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Mrhifi
22.10.2019 kl 11:10
5761
Hvornår er der deadline på Oslo børs freefloat dispensation?
Jp og co. Kan vil ikke vente til slutningen af 2020 ????
Jp og co. Kan vil ikke vente til slutningen af 2020 ????
Redigert 21.01.2021 kl 01:43
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Warom
22.10.2019 kl 11:12
5748
Hvis man skal ta 3 mnd som fasit, så er vel det 23.11
Redigert 21.01.2021 kl 01:43
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FkL
22.10.2019 kl 11:13
5736
Det er ikke kommet noe offisielt, men siste del av november. Tror vi.
Redigert 21.01.2021 kl 01:43
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Warom
22.10.2019 kl 11:15
5727
23.08.2019, 12:39:27
Petronor E&P Transaction Update – Receipt of Confirmation of Continued Listing
https://newsweb.oslobors.no/message/483688
Redigert 21.01.2021 kl 01:43
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