Diskusjon Triggere Porteføljer Aksjonærlister

PetroNor E&P Limited (PNOR)

Kursen var jo over 6 kroner før dette tullet startet. Om det skulle bli en positiv utgang på dette, kan vi komme tilbake dit og evt høyere? Er det mulig å komme dit på en børsdag eller stoppes handelen om den stiger for mye?

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det var vel handelsstopp når den var på vei ned, gikk vel 50% ned på en dag, så blir nok handelsstopp på vei opp også

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Jeg har kikket litt nærmere, og det kartet med områder og lisenshaver stammer fra siden itie.sn. Det er jo en så som så wordpress side, men ser ut til at det er den offisielle siden dems. Det kan selvfølgelig være feil, men er vel egentlig veldig rart dersom myndigheten mens arbitration pågår med APCL endrer og legger opp nytt kart hvor plutselig APCL er satt opp på den ene lisensen, eller er det bare meg som synes det ville vært rart?

Hvis jeg var i konflikt med noen og overhodet ikke ønsket at de skulle få noen lisenser, så er det siste jeg ville gjort være å oppdatere kartene på nettsidene med dem sitt navn.

Det blir anturligvis ren spekulasjon, men jeg synes det ville være rart.

Jeg har ikke heller satt meg inn nok i hvor stor verdi dette området har, men dersom det er av veldig stor verdi så er jeg optimistisk.

Vi får se hva som kommer ut av dette.

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Forholder meg bare til PM fra selskapet, alt annet blir bare svada og unødvendig støy, kursen går alltid opp pga. en eller annen artikkel for så og gå ned igjen, og skaper falske forhåpninger, er enig med @Kronn her. Det blir iallefall en spennende høst, får se om de får løst det før 2018 er over

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Flaggemelding fra Nordnet AB

Nordnet AB (publ) har via deres datterselskap Nordnet Pensjonsförsäkring AB og
Nordnet Livsforsikring AS den 7. August 2018 kjøpt 440 967 aksjer i African
Petroleum Corporation Ltd (AU000000AOQ0, APCL) til en snittkurs pålydende NOK
1,18. Etter kjøp eier Nordnet AB (publ) på konsolidert basis 7 960 277 aksjer i
African Petroleum Corporation Ltd, som tilsvarer 5,12 % av antall utestående
aksjer i selskapet. Nordnet AB (publ) utøver ikke stemmerett for disse aksjene.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=456626

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180807.OBI.20180807S30

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Noen som har tatt ut topp 20 listen i det siste?
Nå som Timis er ute, Henderson, blir spennende å se om største aksjonær fortsatt sitter med 20 mill aksjer.

Total selger 30 % av sin andel i ROP til Petronas. Dette tolker jeg som positivt.

Hvorfor tolker du det som positivt?

Da disse to må være rimelig sikker på en løsning

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Har du en link? :slight_smile:

Klarer ikke å se sammenhengen at det her skal være noe positivt for apcl, utdyp gjerne

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APCL har tidligere uttalt at de gir opp ROP hvis de får beholde SOSP, men at de holder på ROP inntil de får det som de ønsker. Teorien (fra bland annet HO) er derfor at hvis Total tørr å selge en del av ROP så er de ikke redd for APCL sitt krav på ROP. (Selv om apcl ikke skulle vinne frem så vil lisensen være bunnet opp i en eventuell arbitration. Det betyr at det kanskje er oppnådd en enighet og at Total agerer på dette med en farm-out.)

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Disclosure of Voting Rights in Shares

As confirmation of our current position in African Petroleum Corp Ltd, we inform
you that Prudential plc
controls voting rights in 15,174,031 shares of African Petroleum Corp Ltd, which
estimates to a 9.76%
holding as of 10th August 2018 based on the total number of shares/voting rights
of 155,466,446.

All of this holding, is held by M&G Investment Funds (3). This security is an
open-ended Investment company with variable capital incorporated in England and
Wales.

M&G Investment Management Limited (a wholly owned subsidiary of Prudential plc)
is the Fund Manager for all the shares owned by M&G Investment Funds (3).

Chain of controlled undertakings through which the voting rights and/or the
Financial instruments are effectively held:
Shareholders Number of Shares/
Voting Rights
Percentage of
Shares/Voting Rights
Prudential plc
15,174,031 9.76%
M&G Group Limited
(wholly owned subsidiary of Prudential plc)
15,174,031 9.76%
M&G Limited
(wholly owned subsidiary of M&G Group Limited)
15,174,031 9.76%
M&G Investment Management Limited
(wholly owned subsidiary of M&G Limited)
15,174,031 9.76%

Ekstern link: http://www.newsweb.no/index.jsp?messageId=456991

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180813.OBI.20180813S74

Glad du svarte før meg da jeg slet litt med formuleringen :slight_smile:

Noen som har lyst til å begi seg ut på å forklare meldingen som akkurat poppet inn?

M&G har solgt seg ned under 10% og må flagge dette …

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Ah, det var så enkelt. Pleier bare alltid å se at det står har solgt X antall aksjer i den type melding tidligere :slight_smile: Da ble vel denne meldinga levert av bjørnen og ikke oksa.

Flagging

Nordnet AB (publ) har via deres datterselskap Nordnet Pensjonsförsäkring AB og
Nordnet Livsforsikring AS den 28. August 2018 solgt 94 899 aksjer i African
Petroleum Corporation Ltd (AU000000AOQ0, APCL) til en snittkurs pålydende NOK
1,11. Etter salg eier Nordnet AB (publ) på konsolidert basis 7 756 349 aksjer i
African Petroleum Corporation Ltd, som tilsvarer 4,99 % av antall utestående
aksjer i selskapet. Nordnet AB (publ) utøver ikke stemmerett for disse aksjene.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458242

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180828.OBI.20180828S63

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Flaggemelding fra Nordnet AB

Nordnet AB (publ) har via deres datterselskap Nordnet Pensjonsförsäkring AB og
Nordnet Livsforsikring AS den 29. August 2018 solgt 195 320 aksjer i African
Petroleum Corporation Ltd (AU000000AOQ0, APCL) til en snittkurs pålydende NOK
1,12. Etter salg eier Nordnet AB (publ) på konsolidert basis 7 750 586 aksjer i
African Petroleum Corporation Ltd, som tilsvarer 4,99 % av antall utestående
aksjer i selskapet. Nordnet AB (publ) utøver ikke stemmerett for disse aksjene.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458295

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180829.OBI.20180829S43

UNAUDITED FINANCIAL REPORT FOR THE HALF YEAR ENDED 30 JUNE 2018

Please find enclosed African Petroleum Corporation Limited’s (the “Company” or
“African Petroleum”) unaudited financial report for the half year ended 30 June
2018.

HIGHLIGHTS

  • The ICSID arbitration proceedings initiated by the Company to protect its
    interests in the A1 and A4 licences in The Gambia are continuing with the three
    ICSID cases consolidated into one single ICSID case in June 2018 in order to
    make the process more efficient and cost-effective.
  • In June 2018 the Company lodged Request for Arbitration documents with ICSID
    in order to protect its interests in the ROP and SOSP blocks in Senegal.
  • Following recent media articles regarding operations and partnership
    agreements on the Company’s ROP block, the Company’s legal advisers have written
    to Total and Petronas to make them aware of the arbitration proceedings, and in
    the meantime the Company continues to reserve its rights on the ROP PSC.
  • In early 2018 the Company decided to withdraw from the CI-509 and CI-513
    blocks and exit Côte d’Ivoire. This decision followed the post-well analysis
    work of the Ayamé-1X exploration well (drilled in May 2017 by Ophir Energy and
    the Company) that concluded the remaining prospectivity of the CI-513 block did
    not represent an attractive investment opportunity that would justify continued
    investment.
  • In April 2018 the Company announced the resignation of Non-Executive Director
    Mr Anthony Wilson due to health reasons. Mr Wilson was a valuable member of the
    Board who made significant contributions to the Company during his tenure. It
    is with great sadness that the Company subsequently learnt that Mr Wilson passed
    away in May 2018.
  • Approximately US$9.4 million cash at bank as at 30 June 2018, together
    with US$0.9 million restricted cash.

COMPANY BACKGROUND

African Petroleum, listed on the Oslo Axess (APCL), is an independent oil and
gas exploration company led by an experienced Board and management team, with
substantial experience in oil and gas exploration, appraisal, development and
production. The Company is a significant net acreage holder in West Africa with
estimated net unrisked mean prospective recoverable oil resources in excess of
7.4 billion barrels.

African Petroleum has equity interests in six licences across three countries
offshore West Africa (Senegal, The Gambia and Sierra Leone). The Company’s
assets are located in proven hydrocarbon basins, where several material
discoveries have been made in recent years.

The Company has acquired more than 13,400km2 of 3D seismic data on its existing
licences and has participated in the drilling of four exploration wells in West
Africa.

CEO STATEMENT

"It would be fair to say that the first six months of 2018 have been heavily
weighted to our arbitration activity. It is unfortunate that we have had to
resort to official channels to find resolution in regard to the disputes over
our interests in both The Gambia and Senegal; however, the Board felt that this
was the most prudent course of action to preserve and support the
crystallisation of value in our portfolio - value which has been underscored
given the increasing level of interest and speculation surrounding our licences.

Since entering a then nascent industry in The Gambia, African Petroleum has
always maintained the highest levels of integrity and stewardship whilst
operating in the country, so it is with regret that we are locked in legal
proceedings with the government despite investing substantial funds to
significantly progress our assets to a level capable of attracting credible
industry partners. Despite the commencement of arbitration, we remain open to
engaging in constructive dialogue with the relevant government representatives
and would prefer to find a solution that benefits all parties. That said, we
remain steadfast in our legal position and are fully committed to achieving a
reasonable outcome that benefits our shareholders, no matter how long and
arduous the process might be for the Company.

The commencement of arbitration proceedings against Senegal in June was deemed
the next natural step for the Company. It is our belief that the initiation of
official dispute resolution proceedings would help to underpin and shape
discussions with the government, with the ultimate aim of protecting our
interests. Given the recent media speculation, we also felt it necessary to
impress upon the legal advisors of Total and Petronas to remind them of the
arbitration proceedings that are underway and that we continue to reserve the
rights on the ROP PSC.

To reiterate a message we have stated previously, we understand the frustration
about the impact of these legal proceedings on the Company and will endeavour to
update shareholders if and when there are any developments that are deemed to be
either material and not legally or commercially sensitive. In the period in
between updates on proceedings, we ask that shareholders share the management’s
patience and urge shareholders to only focus on formal updates provided by the
Company, and not to speculate about commentary in unofficial sources such as
media articles.

Whilst the licences in The Gambia and Senegal are currently subjected to legal
proceedings, we continue to focus our attention on progressing the licences
through our technical capabilities so that we are well placed to progress with
operational activity as and when a resolution is achieved on either or all
licences. We also continue to have dialogue with potential industry partners who
are positioning themselves to partner with African Petroleum should the
opportunity present itself against a sector backdrop for exploration that is
improving to its highest level since before the oil price crash in 2014. Should
we conclude the proceedings with a satisfactory outcome for the Company and its
shareholders, then we have no doubt that we will be able to move quickly to
secure commercial agreements.

In Sierra Leone the Company continues to progress the technical work program
agreed with the government to address the prospectivity and exploration drilling
of the ultra-deepwater trend in our licence area. Our work to date has affirmed
our belief in the high potential of this exploration opportunity. In parallel we
remain in discussion with potential partners who have participated in the
Company’s data-room process. The Company has been assured of full support for
this process by the Petroleum Directorate of the newly elected government.

In conclusion, we remain in a frustrating scenario with regards to our ongoing
travails in The Gambia and Senegal and need to be pragmatic about the length of
time it may take to reach a satisfactory outcome for the Company. We do,
however, have full confidence in our position and believe we will ultimately
emerge from this challenging period with a renewed vigour and focus to deliver
long-term value for our shareholders."

OPERATIONAL & CORPORATE UPDATE

ARBITRATION

The Gambia

The International Centre for the Settlement of Investment Disputes (“ICSID”)
arbitration proceedings initiated by the Company to protect its interests in the
A1 and A4 licences in The Gambia are continuing, with the following developments
during the period:

  • The three original ICSID cases (ARB/17/38, ARB/17/39 and ARB/17/40) have been
    consolidated into one ICSID case (ARB/17/38); and
  • The tribunal for the case was constituted in March 2018 and proceedings have
    now commenced, with the first hearing being held in June 2018.

The Company agreed in June 2018 to consolidate the three ICSID cases into one
single ICSID case in order to make the process more efficient and
cost-effective, as the three different cases cover similar subject matters.

Further procedural details may be viewed at the ICSID website:
https://icsid.worldbank.org/en/

The Company remains open to engaging in constructive dialogue with the Gambian
authorities, with a view to establishing a satisfactory solution that is in the
interests of all parties.

Senegal

In January 2018, formal notices of dispute were lodged with the Senegalese
authorities in respect of the Senegal Offshore Sud Profond (“SOSP”) and Rufisque
Offshore Profond (“ROP”) Petroleum Sharing Contracts (“PSCs”) and, in accordance
with the terms of the PSCs, the parties had three months to resolve the
disputes.

Unfortunately, the parties were unable to resolve the disputes during the
defined timeframe and during a period of subsequent discussions, and accordingly
the Company’s subsidiary African Petroleum Senegal Limited lodged Request for
Arbitration documents with ICSID in June 2018 in order to protect its interests
in the ROP and SOSP blocks in Senegal.

The Company remains open to engaging in constructive dialogue with the
Senegalese authorities through appropriate and official channels, with a view to
establishing a satisfactory solution that is in the interests of all parties.

African Petroleum notes recent media reports that Total has completed a
significant seismic acquisition on the ROP block and is planning to drill a well
in 2019, and that Petronas has signed an agreement with Total to farm in to the
block. The Company’s legal advisers have written to both companies and made them
aware of the arbitration proceedings and in the meantime continues to reserve
its rights on the ROP PSC.

SIERRA LEONE

A technical work program to ‘de-risk’ the prospectivity identified in licences
SL-03-17 and SL-4A-17 was agreed with the government of Sierra Leone during
2017. The program comprises subsurface studies, detailed seismic analysis, and
drilling engineering studies to address all elements of the prospect description
and drilling in the ultra-deepwater trend.

Well and seismic data from outside the licence area was purchased from the
government to provide calibration of the regional basin model and observed
seismic amplitude anomalies associated with world scale prospects in the
Company’s acreage. The work to incorporate these new data into the Company’s
interpretation is progressing and results to-date support the positive view of
the area’s potential.

A dialogue regarding the future direction of the work program has been initiated
with the Petroleum Directorate of the newly elected government ahead of licence
milestones at the end of October 2018.

FARM OUT PROCESS

African Petroleum seeks to build on the success of attracting Ophir Energy plc
as a partner on the CI-513 Licence in Côte d’Ivoire in 2016 by forming other
strategic partnerships to explore the Company’s blocks in Senegal, The Gambia,
and Sierra Leone. The strategy, supported by detailed technical work and
prospect definition, is to use the significant equity held in this prospective
portfolio to fund a high impact exploration drilling campaign. The industry
interest in The Gambia and Senegal licences in particular, due to the regional
context of hydrocarbon discoveries being made in adjacent blocks in this part of
the Atlantic Margin, provides management with confidence that agreements will be
concluded in due course (subject to a positive outcome in the arbitration
proceedings or prior settlement with the respective governments).

EXIT FROM COTE D’IVOIRE

The post-well analysis work of the Ayamé-1X exploration well (drilled in May
2017 by Ophir Energy and the Company) concluded that the remaining prospectivity
of the CI-513 block did not represent an attractive investment opportunity that
would justify continuing investment in the Company’s Côte d’Ivoire blocks.
Accordingly, the decision was made in early 2018 to withdraw from the Company’s
CI-509 and CI-513 blocks and exit Côte d’Ivoire.

DIRECTOR RESIGNATION

In April 2018 the Company announced the resignation of Non-Executive Director Mr
Anthony Wilson due to health reasons. Mr Wilson was a valuable member of the
Board who made significant contributions to the Company during his tenure. It
is with great sadness that the Company subsequently learnt that Mr Wilson passed
away in May 2018.

LICENCE INFORMATION

Sierra Leone: Blocks SL-03-17 & SL-4A-17

In Sierra Leone, the Company holds a 100% operated working interest in offshore
licences SL-03-17 and SL-4A-17. African Petroleum was awarded a 100% interest in
SL-03 in April 2010, while licence SL-4A was awarded as part of Sierra Leone’s
third offshore licencing round in 2012. The Company’s Sierra Leone licences
cover a combined net acreage of 1,957km2 and are located to the south of
Freetown, offshore Sierra Leone.

As announced on 5 December 2017, the Company’s wholly owned subsidiaries
European Hydrocarbon Limited and African Petroleum Sierra Leone Limited entered
into the Second Extension Period of the SL-03-17 and SL-4A-17 licences
respectively and modified the work programmes for both licences during these
periods.

The Company is utilising State owned well and seismic data, together with
existing seismic data, to further de-risk the licences prior to deciding to
commit to the drilling of an exploration well on each licence.

The ultra-deep water (3,000 - 3,800m) setting of these licences creates a
challenge to drilling; however, technology improvements and cost reductions in
ultra-deep water drilling, together with the materiality of the prospects
identified by the Company on the SL-03-17 and SL-4A-17 licences, has enabled the
Company to market the blocks to potential partners.

Independent petroleum consultant ERC Equipoise prepared an assessment of
prospective oil resources attributable to the Company’s Sierra Leone licences
and estimates the net unrisked mean prospective recoverable oil resources at
2,530MMStb.

Senegal: Blocks ROP & SOSP

In Senegal, African Petroleum Senegal Limited holds a 90% operated working
interest in exploration blocks Rufisque Offshore Profond (“ROP”) and Senegal
Offshore Sud Profond (“SOSP”). The National Oil Company Petrosen, holds the
remaining 10% equity. The Company’s Senegal production sharing contracts (“PSC”)
are located offshore southern and central Senegal, with a net acreage of
14,216km2.

The current phase of the ROP PSC ended in October 2015; however, the Company has
lodged a request for an extension with the Government of Senegal. Under the
terms of the ROP PSC the block remains active unless and until a termination
procedure is enacted by the Republic of Senegal. To date, the Republic of
Senegal has not validly enacted such termination procedure, and accordingly the
Company reserves its rights under the ROP PSC.

The Company elected to move into the next phase of the SOSP PSC in late 2017 and
requested that the outstanding drilling commitment in the expiring phase be
transferred to the next phase as a seismic commitment. To date, the Republic of
Senegal has not responded to this request and accordingly the Company reserves
its rights under the SOSP PSC.

Independent petroleum consultant ERC Equipoise prepared an assessment of
prospective oil resources attributable to the Company’s Senegal PSCs and
estimates the net unrisked mean prospective recoverable oil resources at
1,779MMStb.

The Gambia: Blocks A1 & A4

African Petroleum holds a 100% operated working interest in offshore licences A1
and A4, with a combined net acreage of 2,672km2. The Company has completed a 3D
seismic survey with data covering 2,500km2 and has found a number of analogous
leads and prospects in its acreage to that of the recent SNE and FAN discoveries
drilled by Cairn Energy in Senegal.

The current phase of the A1 and A4 licences required the Company to drill an
exploration well on either of the licences no later than 1 September 2016. The
Company was unable to meet this drilling commitment and was, prior to the
current dispute that led to the initiation of arbitration proceedings, in
dialogue with the Government of The Gambia regarding the transfer of the
outstanding drilling commitment into the next phase and entry into the next
phase of the licences.

The terms of the licences state that the licences remain active unless and until
a termination procedure is enacted by the government. No such termination
procedure has been enacted by the government and African Petroleum therefore
reserves its legal rights over the licences.

Independent petroleum consultant ERC Equipoise prepared an assessment of
prospective oil resources attributable to the Company’s Gambian licences and
estimates the net unrisked mean prospective recoverable oil resources at
3,079MMStb.

HEALTH, SAFETY, ENVIRONMENT AND SECURITY

As an operator of offshore concessions, it is the duty of African Petroleum to
provide a safe working environment and minimise any adverse impact on the
environment. Health, safety, environment and security policies are embedded
throughout all of the Company’s core operations. In this regard, we strive for
continuous improvement as lessons learnt from past operations are incorporated
into business practices going forward.

PRINCIPAL RISKS AND UNCERTAINTIES

As an exploration company in the oil and gas industry, the Company operates in
an inherently risky sector. Oil and gas prices are subject to volatile price
changes from a variety of factors, including international economic and
political trends, expectation of inflation, global and regional demand, currency
exchange fluctuations, interest rates and global or regional consumption
patterns. These factors are beyond control of the Company and may affect the
marketability of oil and gas discovered. In addition, the Company is subject to
a number of risk factors inherent in the oil and gas upstream industry,
including operational and technical risks, reserve and resource estimates, risks
of operating in a foreign country (including economic, political, social and
environmental risks) and available resources. We recognise these risks and
manage our operations in order to minimise our exposure.

OUTLOOK

African Petroleum’s near-term outlook will be dictated by events that are
ultimately outside of the control of the Company. The Board remains open to
constructive dialogue with the various authorities in the hope that all parties
can agree a mutually beneficial outcome that avoids prolonged and costly legal
proceedings. We are however preparing ourselves to maintain the full course of
proceedings and have the financial strength to see them through to the end if
required. At this point in the proceedings it is impossible to predict
potential outcomes and timings, but the Board maintains full confidence in our
legal position and continues to work tirelessly to ensure we protect value on
behalf of our shareholders.

STATEMENT OF RESPONSIBILITY

We confirm that, to the best of our knowledge, the condensed set of unaudited
financial statements for the first half of 2018, which has been prepared in
accordance with IAS34 Interim Financial Statements, provides a true and fair
view of the Company’s consolidated assets, liabilities, financial position and
results of operations, and that the management report includes a fair review of
the information required under the Norwegian Securities Trading Act section 5-6
fourth paragraph.

For further information, please contact:

Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458535

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180831.OBI.20180831S17

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