(NPE.L) Nautical Petroleum PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 25-06-09 | RNS |
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RNS Number : 4814U Nautical Petroleum PLC 25 June 2009 For immediate release 25 June 2009 Nautical Petroleum plc ("Nautical" or "the Company") Board Appointment and Director's Shareholding Nautical appoints John Conlin as Non-Executive Chairman Nautical Petroleum (AIM:NPE), the independent exploration and production company focused on the development of heavy oil assets in the UK and Europe is pleased to announce the appointment of Mr. John Conlin as Non-Executive Director and Chairman of the Company, effective from the 24 June 2009. Mr. Conlin, aged 56, has over 34 years experience in the Oil and Gas industry, including 28 years with Shell in various senior management and operational roles. A petroleum engineer by profession, Mr. Conlin has previously served as a Non-Executive Director of Hardman Resources Limited and Delphian Technology Limited, and as Chairman of Fuelture Limited. Mr. Patrick Kennedy, who has held the role of Acting Non-Executive Chairman since October 2008, remains on the Board as a Non-Executive. Following his appointment, Mr. Conlin has been granted, under the Company's Share Option Scheme, options over 30,000 ordinary shares of 20.0p each in the Company. The options are to subscribe for new shares in the Company at an exercise price of 57.10 per share (being the average of the middle market quotations of Nautical shares for the 30 trading days preceding 24 June 2009). The options may be exercised semi-annually, on a pro rata basis, over a 24-month period from 24 June 2009. All share options must be exercised before 24 June 2017, failing which they will lapse.
As a result of the grant of these options, Mr. Conlin has the following interest in the ordinary share capital of the Company:
Commenting on the appointment of Mr. Conlin, Steve Jenkins, Chief Executive Officer of Nautical said: "I'm delighted that John has agreed to join the Board in the position of Non-Executive Chairman. John brings to Nautical 34 years of senior management, technical and operational experience in the Oil and Gas industry. His substantial corporate experience and understanding of developing growing companies will be invaluable as Nautical continues to progress our core assets to development" There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:
Current Directorships Past Directorships within last 5 years
For further information please contact:
Steve Jenkins, Chief Executive Officer Paul Jennings, Commercial Director Will Mathers, Finance Director
Ben Romney Ben Willey
Rob Collins Neil Elliot Adam James
Richard Swindells Alexandra Carse This information is provided by RNS The company news service from the London Stock Exchange END
RDSSEWSMISUSEIM More |
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| 23-04-09 | RNS |
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RNS Number : 0211R Nautical Petroleum PLC 23 April 2009 For immediate release 23 April 2009
Nautical Petroleum plc ("Nautical" or "the Company") Response to Chancellor's Budget Speech Nautical Petroleum plc (AIM: NPE), the developer of heavy oil assets on the UKCS and in Europe, notes provisions made by HM Treasury in the Budget released yesterday. The Chancellor has announced the introduction of a New Field Allowance, which licence holders will be able to offset against Supplementary Corporation Tax ("SCT") (20 per cent), both on the UKCS and onshore. It will also ensure investment by independents, in addition to global energy players, in this key hydrocarbon producing region. Heavy oil related developments have been given a Field Allowance of £800 million by HMT as a specific target. On the basis of these provisions applying to Nautical and its UKCS heavy oil interests the Directors believe that the New Field Allowance will enhance the value of the Company's 35% share of Kraken by £56 million and also Nautical's 26.67% share of Mariner by £43 million. Commenting on these developments Steve Jenkins, Chief Executive Officer of Nautical, said: "Nautical Petroleum is pleased by HMT's announcement of the new allowance. It provides a worthwhile incentive for Nautical and its partners to maintain the planned programmes to achieve the Field Development Plan and oil production for the two fields. It will improve the profitability of each of these developments and encourages Nautical to continue to explore and develop further opportunities in the UKCS." For further information please contact:
Steve Jenkins, Chief Executive Officer Paul Jennings, Commercial Director Will Mathers, Finance Director
Ben Romney Ben Willey
Rob Collins Chris Sim Neil Elliot Adam James
Richard Swindells Alexandra Carse This information is provided by RNS The company news service from the London Stock Exchange END
MSCDGGDSSBDGGCD More |
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| 03-04-09 | RNS |
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RNS Number : 0652Q Nautical Petroleum PLC 03 April 2009 For immediate release 3 April 2009
Nautical Petroleum plc ("Nautical" or "the Company") Extension of Secured Bank Facility Nautical Petroleum plc (AIM: NPE), the developer of heavy oil assets on the UKCS and in Europe, today announces that it has successfully extended its £7.5 million secured facility with Bank of Scotland Plc, for a period of 3 years. Funds drawn under the facility are subject to a margin of 2.75% above Sterling LIBOR, with the final repayment date being 31 May 2012. Commenting today, Steve Jenkins, Chief Executive Officer, said: "The successful extension of our facility for a period of 3 years endorses both the quality of the assets of the Company and the strength of our banking relationships. With no existing debt, cash of over £20 million and this undrawn £7.5 million secured facility in place, Nautical is well capitalised to progress our core assets to FDP submission and further enhance our portfolio." For further information please contact:
Steve Jenkins, Chief Executive Officer
Paul Jennings, Commercial Director
Will Mathers, Finance Director
Ben Willey Ben Romney
Rob Collins Neil Elliot Adam James
Richard Swindells Alexandra Carse This information is provided by RNS The company news service from the London Stock Exchange END
MSCCKBKDABKDKQK More |
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| 01-04-09 | RNS |
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RNS Number : 8683P Nautical Petroleum PLC 01 April 2009
Nautical Petroleum plc ("Nautical" or "the Company") Appointment of Nominated Advisor and Joint Brokers Nautical Petroleum plc (AIM: NPE) the developer of heavy oil assets on the UKCS and in Europe is pleased to announce the appointment of Evolution Securities Limited as Nominated Advisor and Joint Broker, and Ambrian Partners Limited as Joint Broker to the Company. For further information please contact:
Steve Jenkins, Chief Executive OfficerPaul Jennings,
Commercial DirectorWill Mathers, Finance Director
Ben RomneyBen Willey
Broker
Rob CollinsNeil ElliotAdam James
Richard SwindellsAlexandra Carse This information is provided by RNS The company news service from the London Stock Exchange END
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| Date/Time | Subject | Author | ||
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| 24-06-09 | ||||
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We have had no news from the company since its comment about the beneficial impact of budget changes in April. Whilst this is in line with the vague comments made in March as part of the Interim Statement, it would be helpful to have some news from this well run company. My recollection is that some data analysis results were due "in the summer". Has anybody picked anything up in the trade press?
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| 27-05-09 |
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There is a good follow-up article in todays P&J. SP now up to 62p....a long way to go 'til break even for many but at least NPE is starting to make progress. Hopefully results from OHM survey will be very positive when released in July.
http://www.pressandjournal.co.uk/Article.aspx/1234127 More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 26-05-09 |
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RNS Number : 7686S Offshore Hydrocarbon Mapping PLC 26 May 2009
PRESS RELEASE 26 May 2009 Offshore Hydrocarbon Mapping plc ("the Group" or "OHM") First commercial use of WISE technology in North Sea CSEM survey OHM Limited, a member of the Offshore Hydrocarbon Mapping Group, announced today that it is to conduct a CSEM survey in the UK sector of the North Sea that represents the first full commercial use of OHM's WISE technology. WISE (Well Integration with Seismic and Electromagnetics) uses available seismic and well data to underpin CSEM survey design enabling CSEM technology to be successfully applied in technically challenging areas. The survey, on behalf of the Nautical Petroleum led group including Canamens Energy and Celtic Oil, is to assist in the appraisal of the Kraken Discovery in northern North Sea Block 9/2b. The survey follows-on from a successful pilot project undertaken by OHM on Kraken for the joint venture earlier this year. CSEM data acquired by OHM on the pilot project was integrated with the client's existing well and seismic data using OHM's advanced WISE workflows and determined that the resistive body associated with the discovery in well 9/2-1 extended significantly North and South of the well. The appraisal survey will now map the lateral extent of the discovery and help distinguish between competing geological hypotheses, which in turn will guide further appraisal drilling. The contract value is in excess of $1 million and the CSEM survey will be conducted by OHM's dedicated vessel OHM Leader in June 2009 with initial results expected in July 2009. Richard Cooper, OHM's Group President, stated: "We are delighted that Nautical Petroleum and their partners have again chosen OHM for this important project. This type of CSEM survey using WISE technology, which is unique to the OHM Group, is particularly appropriate for appraisal projects and helps industry exploit the combined strengths of CSEM, surface seismic and well data." Contact: Offshore Hydrocarbon Mapping plc www.ohmsurveys.com Dave Pratt - Executive Chairman 0870 429 6581 Bob Auckland - Finance Director 0870 429 6581 KBC Peel Hunt (Broker and NOMAD) 020 7418 8900 Julian Blunt David Anderson Aquila Financial Ltd (PR) www.aquila-financial.com Peter Reilly 0118 979 4100 This information is provided by RNS The company news service from the London Stock Exchange END More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 04-05-09 | ||||
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At least some things never change, the AIM has been the most corrupt and abused vehicle for money laundering that has ever existed!
I will certainly think twice before investing in any AIM listed company because of all the shenanigans that go on... more bent than a politician! More | View thread (9) | Respond | Login to Vote up | Login to Vote down |
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