Black economic empowerment vehicle seeks to join Orange basin oil exploration party
Cape Town-based iMbokodo E&P secures initial rights onshore South Africa while offshore continues to hold appeal.
Cape Town-based iMbokodo E&P secures initial rights onshore South Africa while offshore continues to hold appeal.
Afentra acquires stake in two blocks offshore Angola. Afentra expects to sell its first cargo of crude oil in the third quarter of this year.
Afentra plc has completed the acquisition of interests in two blocks offshore – this marks the UK player’s entry into Angola.
TAG Oil has announced the successful re-entry of the vertical well, BED 1-7, at the Badr Oil Field in the Western Desert, Egypt.
McDade’s mission is to buy oil and gas assets that are already in production, make them as safe and environmentally…
Meridian Capital Limited, invests in companies and people with a successful track record from various sectors. One such investment is in iMbokodo.
De Bruyn said iMbokodo had been set up with an eye on the draft bill and that the company was “compliant with government expectations”.
TAG Oil: first well re-completion and horizontal well drilling to begin in 2023.
Ian Cloke, COO of Afentra, will be participating at the third edition of the Angola Oil & Gas (AOG) conference and exhibition.
Provides a Q3 production, Well 13H, liquidity and ONP and Barging update, and discusses its Debt Reduction Strategy and adjusted 2022 guidance
TAG Oil Ltd. is pleased to announce that it has now formally entered into the previously announced petroleum services agreement with Badr Petroleum Company to commence development operations at the unconventional Abu Roash “F” reservoir in the Badr Oil Field, a 107 km2 (26,000 acres) concession located in the Western Desert of Egypt.
Africa should be supported in determining its own energy future, delegates at the AIEN’s International Energy Summit in London heard.
Provides a financial and operations update, further detail two strategically consistent and complementary transactions in Angola, and information regarding the AIM re-admission process
FAR Ltd is pleased to announce it has published its financial report for the half-year ended 30 June 2022.
Afentra chief executive talks success, relationships, being held hostage and the energy transition.
Highlights over the period include that the Company had C$13.1 million (March 31, 2022: C$13.3 million) in cash and cash equivalents and C$15.4 million (March 31, 2022: C$15.4 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.
FAR Ltd is pleased to announce that its wholly owned subsidiary FAR Gambia Ltd has recently acquired an additional 50% interest in Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 100% working interest. The interest was acquired from PC Gambia Ltd a subsidiary of Petroliam Nasional Berhad.
Seventh straight quarter of production growth, generating nearly $100 million in net operating income in Q2 2022 and reiterating 2022 guidance.
ProActivo reports PetroTal is committed to the preservation of biodiversity through a forest restoration project.
Highlights over the period include that the Company had C$13.3 million (December 31, 2021: C$14.1 million) in cash and cash equivalents and C$15.4 million (December 31, 2021: C$15.8 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.
ONP accelerated oil deliveries to Bayovar port allowing for a 720,000 barrel oil lifting.
Discusses how the company is focused on the acquisition, development and exploration of material oil assets in Peru.
Signing of an SPA with Angolan state-owned Sonangol to purchase stakes in blocks 3/05 and block 23.
Oil and gas entrepreneur Sean Lunn is determined to improve the socio-economic conditions of his native South Africa.
Article on Sean Lunn’s career in oil and gas starting with him having “established indigenous upstream player iMbokodo Oil & Gas”. Ruther, the article describes Lunn as having formed iMbokodo as a black economic empowerment oil company that will acquire stakes in domestic upstream licenses. Finally, the article describes iMbokodo as having received seed funds from Meridian through Lunn’s close friendship with Gavin Wilson, an investment director at Meridian.
Achieved record production, free cash flow and sales volumes in quarter.
Afentra has signed a sales and purchase agreement (SPA) with Angola’s national oil company, Sonangol, for stakes in two offshore blocks in the Lower Congo and Kwanza Basins. Marking the entry of the UK independent into the southern African country, the deal comprises an $80 million upfront payment for stakes in Block 3/05 and Block 23, offshore Angola.
Announced financial and operating results for the year and three months (“Q4”) ended December 31, 2021.
Afentra plc (‘Afentra’ or the ‘Company’), is pleased to announce its annual results for the year ended 31 December 2021.
Afentra selected as preferred bidder; shares remain suspended.
Garth Campbell-Cowan has been appointed as Chief Financial Officer, replacing Victoria McLellan.
FAR Ltd publishes its Annual Report for the year ended 31 December 2021.
Highlights over the period include that the Company had C$14.1 million (September 30, 2021: C$15.2 million) in cash and cash equivalents and C$15.8 million (September 30, 2021: C$15.6 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.
FAR Limited has received a letter from Meridian Capital International Fund which is a 19.28% shareholder in FAR rejecting the takeover bid offer made by Samuel Terry Asset Management.
Meridian Capital has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.
Australian explorer FAR’s major shareholder has rejected a takeover bid from Samuel Terry Asset Management.
Negotiations continue with Sonangol.
PetroTal provides a Q4 production and Well 10H updates, as well as details about the expectations of exports via Brazil, the companies strong liquidity management in Q4 and that CPF-2 has been fully commissioned and is operational.
The operator expects to increase exports to Brazil to c.240,000bl per month (roughly 8,000bl/d) this year, after securing a contract last December for up to that same amount.
Highlights over the period include that the Company had C$15.2 million (June 30, 2021: C$15.6 million) in cash and cash equivalents and C$15.6 million (June 30, 2021: C$16.3 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.
Ex-Tullow chief targets Africa assets as oil majors retreat Paul McDade’s new venture Afentra seeks to step in as big groups scale back on hydrocarbons.
At the helm of this distinctive ship is Ms. Zakithi Zama, General Manager of iMbokodo E&P. Zakithi is a single mother, raised in Kwamakutha township in KwaZulu-Natal, who has spent much of her career in energy holding companies accountable for promises made to their host communities.
Afentra’s (LON:AET) chief executive Paul McDade joins Proactive London to introduce his new Africa-focused venture.
Head of South African junior iMbokodo is building business on solid foundations.
Afentra aims to acquire a West African asset within 12 months, as majors and supermajors exit the continent.
Afentra PLC – upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland – Hires Anastasia Deulina as chief financial officer and board member.
Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.
Mexico City — Canada’s PetroTal is focused on increasing recovery factors at its Bretana onshore field in the Amazon jungle in order to maximize value over the life of the project, the company’s CEO said April 7.
Global Investment company, Meridian Capital Limited has entered into a partnership with local oil and gas company, iMbokodo Exploration & Production.
iMbokodo Exploration and Production is a South African company with a difference, it is led by women and has the cash to back up its aspirations.
Meridian Capital Ltd has funded and entered into a strategic partnership with iMbokodo Exploration and Production, an independent, majority black-owned South African company incorporated to promote meaningful and diverse economic ownership opportunities for historically disadvantaged persons (HDP).
Food Union product brands have been highly recognized in Latvia and the Baltics, taking top spots in the ranking and earning awards in 23 categories in total. The dairy product brand Kārums remains an undisputed leader among most loved food industry brands in Latvian and across the Baltics.
Food Union, which includes the production plants JSC “Rīgas piena kombināts” and JSC “Valmieras piens” and the logistics company SIA “Premia”, ended 2021 with a 4% increase in consolidated turnover to 111.5 million euros.
In solidarity with Ukraine’s fight for freedom, Latvia’s leading milk processing and ice cream production company Food Union has created a special ice cream in the colours of the Ukrainian national flag.
After investing €80,000, Food Union has supplemented the range of premium ice cream brand Ekselence with three new flavours, as well as created a new design for the brand’s packaging.
dienas bizness writes about Food Union and how it has expanded the innovative offer of the Valmiera brand with two new Shake Me Up yogurt cocktails, investing 25,000 euros in their development.
International ice-cream producer and distributor Food Union group has expressed support to the Ukrainian nation after the invasion of the Russian army in its country. The group is donating food products, providing financial assistance and will provide jobs to Ukrainian refugees in their plants in Latvia and Estonia. The group has stopped exporting and importing to Russia.
In keeping with their spirit of cutting edge creativity and consumer-centric innovation, Food Union, the global scale ice cream and dairy producing group have developed a range of novel cross-category ice creams inspired by some of the world’s best loved cocktails.
Arturs Cirjevskis has been appointed CEO of Food Union Group in Europe, after previously holding the position of CFO.
After investing €80,000, Food Union has supplemented the range of premium ice cream brand Ekselence with three new flavours, as well as created a new design for the brand’s packaging.
In keeping with their spirit of cutting edge creativity and consumer-centric innovation, Food Union, the global scale ice cream and dairy producing group have developed a range of novel cross-category ice creams inspired by some of the world’s best loved cocktails.
Food Union, the international ice cream and dairy production and distribution group, has announced its investments in renewable energy to power ice cream and dairy operations in the Baltics and Norway.
It’s that time of the month again – the new products in dairy and dairy alternatives.
In order to give a modern twist to traditional dairy products in the Baltics, Food Union, a global scale ice cream and dairy producing and distributing group based in Latvia, has developed a range of innovative cross-category dairy drinks that are great options for healthy, on-the-go snacks that are rich in taste.
Food Union, eine internationale Produktions- und Vertriebsgruppe für Eiscremes und Milchprodukte aus Lettland, hat mit der Marktfreigabe der Sommerneuheiten 2021 ihren fortgesetzten Einsatz für Innovation und Kundenzufriedenheit gezeigt.
Food Union, the leading ice cream producer in the Baltics and Denmark, has invested in the development of 124 unique products across the global markets
Meals Union – the worldwide ice cream and dairy manufacturing and distribution group – captivates customers with artistic innovation throughout key markets.
Food Union – the international ice cream and dairy production and distribution group – has shown their continued commitment to innovation and delighting consumers with their 2021 launch of summer novelties.
Meridian Capital Ltd, a global investment firm based in Hong Kong, has announced that it has completed the sale of its shares in Russian regional airports owner Novaport Group to co-shareholder and long-term partner, AEON Corporation, a Russia based investment group.
Meridian Capital Ltd, a global investment firm based in Hong Kong, has announced that it has completed the sale of its shares in Russian regional airports owner Novaport Group to co-shareholder and long-term partner, AEON Corporation, a Russia based investment group.
At Meridian Adventure Dive, you are treated to a valet experience when it comes to equipment, whether bringing your gear or using the resorts.
When visiting Raja Ampat, one of the most awe-inspiring moments is when you first encounter the limestone cliffs along the coastline.
With clear waters, white beaches, and lush forests, the Raja Ampat islands are the perfect tropical retreat for all.
Raja Ampat might be known as the best diving location globally, but the region has many other hidden gems for visitors to experience.
Meridian Adventure DIV is a PADI Five Star Resort excelling in providing scuba divers with amazing and unbelievable experiences.
Christopher Silvester enjoys a diving adventure with a twist off the Indonesian coast in Raja Ampat.
After investing €80,000, Food Union has supplemented the range of premium ice cream brand Ekselence with three new flavours, as well as created a new design for the brand’s packaging.
Olivia Palamountain looks into Meridian Adventure Sail, referring to it as a ‘private explorers’ club that arranges ‘leave no trace adventures’ to far-flung corners of the world.
Meridian Adventure SAIL, a collection of six high-end, eco-friendly catamarans cbased in the Indonesian marine paradise of Raja Ampat.
The company agreed in April 2022 to pay $80mn for a 20% stake in Block 3/05.
Meridian Capital Limited, invests in companies and people with a successful track record from various sectors. One such investment is in iMbokodo.
Vital humanitarian support given to frontline healthcare workers in almaty, Kazakhstan.