PARTY 
Da er det å finne frem sjampisen
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Ganske tam sjampiss! Hehe. Håper på noen nyheter som får kursen opp slik at jeg kommer meg ut i null. Største bominvesteringen i mitt liv.
Tror nok det er den generelle stemningen i denne. Uansett om de lover utbytte på 0,3 kr, så renner jo tilsvarende 0,3kr til “drift” av porteføljer. Invester heller direkte i TXP, tross alt den eneste investeringen man vil ha i North sin portefølje pdd…
Dette er jeg helt enig med deg i. TXP tror jeg kan ha en enorm oppside. Det er dog snakk om longterm det også. I det minste så gir de oss informasjon kontra hva North gjør.
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Haha, kanskje en egen tråd for TXP ? Selv sliter jeg med å bestemme meg for hvilken børs/valuta som er best å kjøpe TXP gjennom… Toronto eller London? Hvilken valuta vil holde seg best mot NOK den neste uken, måneden eller årene?
Avventer også kjøp av txp til over påske, selv om de har mye gass så er prising av selskapet svært tett knyttet til oljeprisen som vi alle vet kan dundre ned.
Hvordan det der Opec-møtet utspiller seg har jeg ingen forventninger til. Det er som en barnehage, den ene dagen vil de ditt og andre dagen datt. Veldig vanskelig å forutse. En negativ uttalelse er nok til å svinge oljeprisen flere prosent. Er skremmende. Venter til over påske jeg også. Skal forsøke å utnytte litt momentum, trade kjapt og gale. Vi vet jo enda ikke hvordan markedet skal gå i det store og det hele.
North Energy ASA - Annual Report and Accounts 2019
Reach la ut stillingsanonnser for en gode uke siden. Nå skjønner man hvorfor 
CONTRACT AWARDS
Reach Subsea has, together with MMT, been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 450 project days. The projects involve both inspection, survey and construction support work across Europe and the Americas, for major operators in both the oil & gas and renewables sectors.
With the addition of these contracts, our schedule indicates good utilization during the summer season. Reach now have approximately 750 project days (equivalent to about 1,300 ROV days) for 2020 execution, of which 160 (254 ROV days) were executed in the first quarter, and about 250 project days (400 ROV days) for 2021 execution. As of now, the projects we are involved in are going ahead as planned, but we are aware that in these extraordinary times things can change.
Jostein Alendal, CEO of Reach Subsea, comments: “We are pleased to have secured contracts in a challenging time and we see that our good performance is working as a hedge to market shocks. We have taken serious measures to ensure the safety of our personnel during the COVID-19 pandemic, which has been very successful so far”.
P-O Sverlinger, CEO MMT comments: “It is also encouraging to see that our clients are starting to recognise the benefits of our high speed survey ROVs and that some 300 of the recently awarded project days are related to inspection and seabed mapping campaign projects primarily in the renewables sector.”
For further information, please contact:
Jostein Alendal, CEO
Birgitte Wendelbo Johansen, CFO
www.reachsubsea.no
Mener du TXP?
Stemmer. TXP
NGC signs Framework Agreement with Touchstone and Heritage for new gas supply
Trinidad and Tobago has new cause for optimism in its gas supply outlook. NGC signed a Framework Agreement with Primera Oil and Gas Limited - a wholly owned subsidiary of Touchstone Exploration Inc. (Touchstone) - and Heritage Petroleum Company Limited (Heritage), to develop plans and foster a strategic partnership with respect to the development, sale and purchase of natural gas and natural gas liquids produced from the Ortoire Block, onshore South East Trinidad.
Heritage and Touchstone are Joint Venture partners in the Ortoire Onshore Block and have made gas discoveries in two wells, Coho and Cascadura. The Coho-1 well is a natural gas discovery, and initial production rates are expected to be 10-12 MMscf/d. Work is progressing to bring this well on stream in the third quarter of 2020. Meanwhile, initial flowback testing on the Cascadura-1ST1 well has confirmed the well to be a significant liquids-rich gas discovery. Exploration work continues with a further two prospects still to be drilled.
The Framework Agreement marks an important step towards boosting Trinidad and Tobago’s gas supply to existing markets. In a broader context, this Agreement also represents a significant development for Trinidad and Tobago, as it signals the first commercial gas production from onshore fields in nearly two decades.
Commenting on the importance of this Agreement, NGC President Mark Loquan noted:
“In the context of world events and the domestic gas scenario, this Agreement and the considerable potential of the underlying asset are welcome good news for our energy sector. Credit must be given to all our teams, across all three parties, who have been driving the effort to ready this Agreement, even amidst prevailing challenges. NGC has been aggressively pursuing new sources of gas as part of our growth strategy, and this development adds another measure of stability to supply from a promising new prospect. We are now set to open a new chapter in the history of onshore natural gas production.”
Paul Baay - CEO of Touchstone, which is based in Calgary - commented:
“This Framework Agreement is a very exciting opportunity for us to partner with two prominent Trinidad organisations to fully develop our existing and future natural gas discoveries on our Ortoire exploration property. NGC brings the vast understanding of gas infrastructure to the project and Heritage brings Internal Use. technical knowledge to support the Touchstone team. This Framework Agreement is a key step to a timely maximisation of this world class asset.”
CEO of Heritage Arlene Chow added:
‘’We are really excited to have achieved this milestone with Touchstone as operator since the last
onshore gas discovery was in 2002, not too far away in the Carapal Ridge 1 well. The Coho, Cascadura and other developments from the Ortoire Block are important to our near and medium-term growth strategy in Trinidad and Tobago and to our commitment to help secure the country’s energy future and the creation of sustainable jobs. In this regard, we value the continued strong relationship with our operator Touchstone and NGC to achieve this strategic vision.”
With this Agreement now in place, the next steps will be conclusion of detailed Gas Supply Agreement Terms and the development of the Coho and Cascadura fields.
North Energy ASA - Notice of Annual General Meeting 2020
CALGARY, ALBERTA (May 27, 2020) - Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us” or the “Company”) (TSX, LSE: TXP) announces that its indirect wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into escrow arrangements for a US$20 million, seven-year term loan agreement (the “Term Loan”) with Republic Bank Limited, as initial lender, arranger and administrative agent. The Term Loan was arranged exclusively by the Corporate and Investment Banking Division of Republic Bank.
The Term Loan is expected to become effective prior to June 15, 2020 once all conditions precedent have been met, which include the completion of security interest filings in Trinidad and Barbados and the receipt of regulatory approvals in Trinidad. A portion of the Term Loan proceeds will be used to repay the Company’s C$20 million existing credit facility, with the remainder used for general corporate purposes.
Material terms of the Term Loan are as follows:
Scott Budau, Chief Financial Officer, commented:
“We are pleased to be able to source local financing from Republic Bank, the largest lender in Trinidad and the Caribbean. The financial flexibility of the new facility will us allow to confidently proceed with our Ortoire exploration activities. In addition, the interest payable on the loan is expected to be tax deductible in Trinidad, equating to an after-tax cost of capital of 3.5%. We would also like to give our sincere thanks to Crown Capital, who has supported us since 2012.”
Prior to the effective date of the Term Loan, Touchstone continues to operate under its existing C$20 million credit facility. In connection with the existing credit facility, the Company granted the lender a production payment equal to 1.33 percent of petroleum sales from Trinidad land holdings, payable quarterly through October 31, 2021. The parties have agreed not to buyout the production payment obligation and as such have entered into an amended production payment agreement to continue the obligation under the previous terms and conditions. The total payout of the existing credit facility will include the C$20 million principal balance, all accrued interest thereon, and a 1.0% prepayment fee.
Touchstone Exploration Inc.
Touchstone Exploration Inc. is a Calgary based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company’s common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol “TXP”.
For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:
Mr. Paul Baay, President and Chief Executive Officer
Mr. Scott Budau, Chief Financial Officer
Telephone: 403.750.4487
Dette er jo tilsynelatende bra, selv om det for NORTH sin del kan synes som AO og NA har sovna i timen for lenge siden.