Ad Dussafu. Vi som sitter long i aksjen må ha noe å strekke oss mot. Og det tror jeg vi har også i Dussafu.

“The FPSO Azurite fits well with the approved field development plan specifications for the Dussafu field in Gabon. The FPSO has been well maintained and can be deployed on the Dussafu field with only minor investments required. The FPSO has been moved to the Keppel yard,” BW Offshore said.

Det bør således bli langt lavere kostnader og modification enn hva f.eks. med Front Puffin. Her tror jeg BWO tilbyr PEN en fair dagrate. Har egentlig tro på lav opex. Kanskje ned mot eller under $20, som inkl. 10% royalty og en oljepris rundt $65 bør medføre cash flow i størrelsesorden $3.6 mill. per Q. Og med elefant prospektene A/B med samlet ressursgrunnlag på 0.5 milliard fat olje og andre prospekt i tillegg på blokken, bør etter first oil f.eks. rundt 12.000 fat per dag i samlet prod. medføre at - om ønskelig - bør PEN sitte med et asset til salgs for et sted mellom $60-80 mill. +/-. Vel og merke om alt går greit. Men det gir oss noe å strekke seg etter. Ogo blir bonus.

Så venter vi fremdeles på melding om full settlement - Aje. Men den blir tilsvarevde viktig.

Da får vi håpe på en fin julegave fra Pen og god helg til alle.

Jeg har alltid tenkt på Aje som et
gassfelt, men vi må ikke glemme at det kun er 52 %
som er estimert som gass.


Gross contingent resources of the Aje field are estimated at 380 million boe. Of this 28% is oil / condensate, 20% is LPG and 52% is gas.

https://www.offshore-technology.com/projects/aje-field/

Nye prospekter på lisensen kan også ha lignende sammensetning. Gass er bra det, men tror neppe partene gråter over olje og kondensat heller. Det er jo normalt høyere priset enn gassen.

Spennende å hva som dukker opp i år ?

Fleich: hvor har du dette sitrater fra?

90%premium?

http://uk.advfn.com/stock-market/london/MXO/share-news/MX-Oil-PLC-Conversion-of-debt-and-issue-of-equity/76313086?adw=1126416


MX Oil PLC Conversion of debt and issue of equity

18/12/2017 7:00am

UK Regulatory (RNS & others)



MX Oil (LSE:MXO)
Intraday Stock Chart

Today : Monday 18 December 2017
Click Here for more MX Oil Charts.
TIDMMXO

RNS Number : 5771Z

MX Oil PLC

18 December 2017

MX Oil / Ticker: MXO / Index: AIM / Sector: Oil & Gas

18 December 2017

MX Oil plc ("MX Oil" or the "Company")

Conversion of debt and issue of equity

MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that it has agreed to repay GBP1.575 million of short term debt that it currently has outstanding, that has been used for working capital and other general corporate purposes, through the issue of 196,875,000 new ordinary shares ("New Shares") at a price of 0.8 pence per share. This represents approximately a 90 per cent. premium to the closing mid price on 15 December 2017 of 0.42 pence per share. The New Shares represent 11.8 per cent. of the enlarged issued share capital of the Company which, following this issue, will comprise 1,671,349,664 ordinary shares.

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the New Shares on AIM will commence on or around 22 December 2017.

Following Admission, the issued share capital of the Company will comprise 1,671,349,664 ordinary shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 1,671,349,664. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

* * ENDS * *

MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that it has agreed to repay GBP1.575 million of short term debt that it currently has outstanding, that has been used for working capital and other general corporate purposes, through the issue of 196,875,000 new ordinary shares ("New Shares") at a price of 0.8 pence per share. This represents approximately a 90 per cent. premium to the closing mid price on 15 December 2017 of 0.42 pence per share.

Hva MXO her har meldt må da være bull for PEN. At det finnes investorer som er villig til å betale 90% premium, ville ha blitt det samme som for PENs del og at investorene hadde vært beredt til ca. NOK 10.70. Kan ikke se at MXO p.t. har tilstrekkelig med arbeidskapital. Hva er det MXO legger opp til, skal MXO selge sin Aje andel - kanskje på lik linje med hva markedet forventer PEN skal gjøre med sin andel. Betyr dette at PEN muligens kommer med en melding snart om full setllement inkl. salg /enighet Aje?

Fra lenken fra FF:
https://www.offshore-technology.com/projects/aje-field/

Den som venter på noe godt - han venter ofte forgjeves?

Har julefred kommet på forskudd ??

Tigerstaden har i det minste forståelse for PEN aksjen;)
Blir morsomt å være Pen aksjonær fremover?

Visste ikke at det stod så dårlig til hos våre naboer til Dussafu...

Vaalco facing clinical death

Even as the American junior starts proceedings to sell off its assets, its only producing block is facing a short-term crisis.

Har ikke abbonement, men det er mer.

https://www.africaintelligence.com/aem/oil/2017/12/19/vaalco-facing-clinical-death,108286586-art?CXT=PUB

Etter at Vaalco kjøpte seg opp med større eierandel i Etame så det veldig bra ut. Dette her må for oss som ikke følger selskapet tett ha kommet rimelig brått på. Fulgte Vaalco tidligere og har alltid ansett dette selskapet som en naturlig intertessent til Dussafu. Faktisk også med en en viss eierandel etter inntog av BWO. Vaalco har titt og ofte snakket om M&A, men så kan det altså vise seg at selskapet har mer enn nok med seg selv.

Det er ikke skrevet så mye om denne angivelige elendigheten til Vaalco, men det kommer nok. Sånn grovt sett har aksjekursen i løpet av 8 mnd. falt med 30%. Ikke alarmerende i seg selv.

CEO var heller ikke særlig kritisk i sin Q3 2017 uttalelse:

Cary Bounds, VAALCO’s Chief Executive Officer commented: “We remain focused on delivering strong operational and financial results, and I am pleased with our third quarter results with daily production rates at the upper end of our guidance range. We generated strong operating income and adjusted EBITDAX by overcoming the challenges of a field wide six-day turnaround and an ESP failure at Avouma. Our focus in 2017 remains on maximizing margins through operational excellence and executing on our corporate strategy. We are encouraged by the recent strengthening of oil prices, in particular Brent, as it will positively impact our future cash flows and full cycle economics. We remain confident in the development opportunities on our offshore Gabon asset, and we are continuing to seek growth opportunities in West Africa to add to our portfolio, where we can leverage our strong operational and technical expertise.”

https://globenewswire.com/news-release/2017/11/08/1178167/0/en/VAALCO-Energy-Inc-Announces-Third-Quarter-2017-Results.html

Vi bør muligens ta det med en klype salt. African Intelligence har tatt feil før.

African Intelligence pleier ikke bomme, men kan gjøre det som du indikerer.

Ser det er følgende som startet skriveriene:

GABON 05/12/2017

Vaalco on the market
Unable to shoulder its development obligations and bowing under the weight of its debt, Vaalco has tasked a corporate banker to find a buyer [...] Read more (bet. tjeneste)

Kanskje Pen går på kjøpern ?? de har penger .

UPSTREAM
Vaalco in Gabon talks
Iain Esau
15 Nov 2017 10:10 GMT

US-based junior Vaalco Energy is talking with Gabon’s government to extend the validity of its Etame Marin licence.

Chief executive Cary Bounds told analysts the Etame licence expires in June 2021 and "we believe that with the recovery in oil prices and the potential for additional development drilling, the block could produce for many years beyond 2021”.

Vaalco estimates some 71 million barrels of recoverable contingent resources can be unlocked

In parallel, Vaalco is in discussions with Angola’s government to finalise its withdrawal from that country.

“We would like to settle this (Angola) issue quickly so that we can focus on development opportunities in Gabon,” said Bounds.

Vaalco’s average third-quarter net production from Gabon dropped to 3707 barrels per day (13,700 gross) from 4363 bpd in the previous quarter.

Vaalco posted a $322,000 loss in the third quarter on revenues of $18.2 million, a major improvement on the same period of 2016 when it was hit with $14.8 million loss on revenues of $14.6 million.

Skulle vel snart få melding at Pen har mottatt sitt utestående ?