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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.

Afentra acquires stake in two blocks offshore Angola

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.

With delays out of the way, UK oil & gas firm enters Angola

Afentra plc has completed the acquisition of interests in two blocks offshore – this marks the UK player’s entry into Angola.

TAG Oil achieves first oil production in the Badr oil field, Egypt

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.

MIDAS SHARE TIPS: Focus on cleaner fossil fuel in Africa with Afentra

McDade’s mission is to buy oil and gas assets that are already in production, make them as safe and environmentally…

iMbokodo’s transformative vision for oil and gas in South Africa

Meridian Capital Limited, invests in companies and people with a successful track record from various sectors. One such investment is in iMbokodo.

iMbokodo Exploration shuffles leadership, eyes expansion

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

TAG Oil: first well re-completion and horizontal well drilling to begin in 2023.

Afentra COO Ian Cloke to Discuss Sustainable Hydrocarbon Development at AOG 2022

Ian Cloke, COO of Afentra, will be participating at the third edition of the Angola Oil & Gas (AOG) conference and exhibition.

PetroTal Announcement | Q3 2022 Operations Update

Provides a Q3 production, Well 13H, liquidity and ONP and Barging update, and discusses its Debt Reduction Strategy and adjusted 2022 guidance

TAG Oil signs petroleum services agreement to commence development operations at Abu Roash

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.

Support Africa in determining its own energy future

Africa should be supported in determining its own energy future, delegates at the AIEN’s International Energy Summit in London heard.

Afentra announces its half year results

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 announces its results for the half-year ended 30 June 2022

FAR Ltd is pleased to announce it has published its financial report for the half-year ended 30 June 2022.

Afentra CEO’s, Paul McDade, career is a far cry from Glasgow roots – upstream

Afentra chief executive talks success, relationships, being held hostage and the energy transition.

TAG Oil announces its Q1 2023 results

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 takes 100% ownership in The Gambia Blocks A2 and A5

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.

PetroTal announces its Q2 2022 financial and operating results

Seventh straight quarter of production growth, generating nearly $100 million in net operating income in Q2 2022 and reiterating 2022 guidance.

PetroTal is commited to the preservation of biodversity through a forest restoration project – ProActivo

ProActivo reports PetroTal is committed to the preservation of biodiversity through a forest restoration project.

TAG Oil announces its FY2022 results

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.

PetroTal provides sales update

ONP accelerated oil deliveries to Bayovar port allowing for a 720,000 barrel oil lifting.

PetroTal is fuelling the success of Peru’s oil industry – Financial Post

Discusses how the company is focused on the acquisition, development and exploration of material oil assets in Peru.

Afentra enters Angolan upstream – Petroleum Economist

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 rewriting South Africa’s oil strategy

Oil and gas entrepreneur Sean Lunn is determined to improve the socio-economic conditions of his native South Africa.

Lunn rewriting South Africa’s oil strategy- upstream

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.

PetroTal Announces Q1 2022 Financial and Operating Results

Achieved record production, free cash flow and sales volumes in quarter.

Afentra makes Angola debut with $80 million offshore purchase – Energy Capital & Power

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.

PetrolTal 2021 year-end financial and operating results

Announced financial and operating results for the year and three months (“Q4”) ended December 31, 2021.

Afentra announces its annual results for the year ended 31 December 2021

Afentra plc (‘Afentra’ or the ‘Company’), is pleased to announce its annual results for the year ended 31 December 2021.

Afentra provides an Acquistion update

Afentra selected as preferred bidder; shares remain suspended.

FAR Ltd appoints new CFO

Garth Campbell-Cowan has been appointed as Chief Financial Officer, replacing Victoria McLellan.

FAR Ltd publishes its FY 2021 Annual Report

FAR Ltd publishes its Annual Report for the year ended 31 December 2021.

TAG Oil publishes its Q3 2022 results

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.

Meridian Capital rejects Samuel Terry off-market takeover bid for FAR

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 Rejects ‘Wholly inadequate’ Samuel Terry’s Bid for FAR Ltd.

Meridian Capital has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.

FAR shareholder slates “inadequate” Samuel Terry bid

Australian explorer FAR’s major shareholder has rejected a takeover bid from Samuel Terry Asset Management.

Afentra provides an Acquistion update

Negotiations continue with Sonangol.

PetroTal Announcement | Q4 2022 Operations Update

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.

PetroTal set to boost Brazilian exports – Petroleum Economist

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.

TAG Oil announces its Q2 results

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

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.

Executive Interview – Zakithi Zama, General Manager, iMbokodo E&P

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 Set to Seize Upon ‘African Energy Transition’

Afentra’s (LON:AET) chief executive Paul McDade joins Proactive London to introduce his new Africa-focused venture.

Zama Plots Rock-Steady Path With South African Junior iMbokodo

Head of South African junior iMbokodo is building business on solid foundations.

Ex-Tullow Trio Launch Africa-Focused Player With Transition Targets

Afentra aims to acquire a West African asset within 12 months, as majors and supermajors exit the continent.

In Brief: Afentra Hires CFO After Name Change From Sterling Energy

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.

McDade Launches Afentra With Eye on African Acquisitions

Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.

PetroTal Focused on Maximizing Value At Onshore Field in Amazon: CEO

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.

iMbokodo, Meridian Team up to Advance Energy Exploration Across Southern Africa

Global Investment company, Meridian Capital Limited has entered into a partnership with local oil and gas company, iMbokodo Exploration & Production.

iMbokodo to Rock South Africa’s Upstream

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 Announces Funding and Partnership With iMbokodo Exploration and Production

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 voted as the most loved in Latvia and the Baltics

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.

111.5 million euros turnover for Food Union – Nach Wett

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.

Food Union creates ice cream in colours of Ukrainian national flag

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.

Food Union invests in premium ice cream – dienas bizness

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.

Food Union is investing 25,000 euros in the development of yoghurt cocktails – dienas bizness

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.

Food Union supports the people of Ukraine with products, financial means and job in the Baltics

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 support of the people of Ukraine, the Food Union will donate products

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 becomes the CEO of Food Union Europe

Arturs Cirjevskis has been appointed CEO of Food Union Group in Europe, after previously holding the position of CFO.

Food Union invests EUR 1 million in new and environmentally friendly car park, reducing CO2 emissions – The Baltic Times

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.

Raising the Bar: Food Union Launch Cocktail Inspired Ice Creams

Food Union Announces Investments in Renewable Energy Sources

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.

What’s New in the Dairy Sector: June 2021

It’s that time of the month again – the new products in dairy and dairy alternatives.

Shaking It Up: Yoghurt Cocktails Offer Cross-Category Dairy Snacking Products From Food Union

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 launcht 124 Neuprodukte, darunter auch viele pflanzliche Alternativen

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 Launches 124 New Products for Summer 2021

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

Food Union Sets Pace of Innovation With 124 Unique Ice-Cream and Dairy Products for Summer 2021

Meals Union – the worldwide ice cream and dairy manufacturing and distribution group – captivates customers with artistic innovation throughout key markets.

Quality-Focused Innovation Strategy at Food Union Generates Results With 124 Unique Products in Summer 2021

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 Announces Completion the Sale of Shares in Novaport 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.