OSLO: DNO ASA, the Norwegian oil and gas operator, confirmed an oil and gas discovery on the Røver Nord prospect in the Norwegian North Sea license PL923 in which the Company holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 45-70 million barrels of oil equivalent (mmboe), well…
Malin Corporation’s investee Immunocore prices upsized Nasdaq IPO
DUBLIN: Malin Corporation notes that its investee company, Immunocore, has announced the pricing of its initial public offering (IPO) of 9.9 million American Depositary Shares (ADSs) representing 9.9 million ordinary shares at an initial public offering price of $26 per ADS for total gross proceeds of approximately $258 million. Immunocore also raised $15 million in…
Savannah’s Accugas signs gas sales agreement with Mulak Energy
LONDON: Savannah Energy announced that its Accugas subsidiary has entered into a new gas sales agreement (GSA) with Mulak Energy Limited. The GSA is initially for a seven-year term. It envisages the supply of gas produced by Savannah’s majority-owned Uquo field for an initial two-year period on an interruptible basis and the subsequent five years…
Syncona’s Achilles announces additional financing plans including IPO in USA
LONDON: Syncona’s portfolio company, Achilles Therapeutics has announced that it expects to consider additional capital raising options this year, which could include an initial public offering in the United States. The timing and the terms of any such offering have not yet been determined and are subject to market conditions and other factors. There is…
Chairman of FTSE Gold Index committee to join Wishbone Board
LONDON: Wishbone Gold Plc, the London listed precious metals trading and exploration company, notified that Mr David (Sam) James Hutchins, age 60, has agreed to join the board as a non-executive director effective on the date of this announcement. Mr Hutchins is a highly experienced gold specialist and natural resources fund manager, having previously run…
Warehouse REIT acquires two distribution warehouses for £14 million
LONDON: Warehouse REIT announced the acquisition of two adjacent distribution warehouses in Harlow, totalling 177,000 sq ft, for £13.9 million including costs. The purchase price reflects a net initial yield of 8.6%. Situated in the heart of the established Templefields industrial area, Harlow’s premier industrial and distribution location, the property comprises two modern units of…
Energy price cap to increase in April, says Ofgem
LONDON: Ofgem, Britain’s independent energy regulator, has announced today that from 1 April 2021 the price cap will return to pre-pandemic levels, principally as a result of changes in wholesale energy prices. When wholesale prices fell sharply last year in the wake of the first lockdown, the level of the price cap fell by £84…
Christopher Swallow appointed CEO of BPM Minerals
SYDNEY: BPM Minerals Limited announced the appointment of Christopher (Chris) Swallow as Chief Executive Officer, effective 5 February 2021. Swallow will lead the BPM team with more than 15 years’ experience across both public and private sectors. Most recently Swallow worked in an operational capacity as the Corporate Development Officer for Guinea-focused gold explorer Predictive…
CorEnergy announces $350 million acquisition of Crimson’s California pipeline assets
KANSAS CITY: CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California…
Sky welcomes Commerce Commission clearance for OSB sale
AUCKLAND: Sky New Zealand (SKT) confirmed that the Commerce Commission has granted clearance for NEP New Zealand to purchase the assets of Outside Broadcasting Limited (OSB). Sky Chief Executive Sophie Moloney welcomed the positive decision. “Our new partnership with NEP, which includes a ten-year services agreement, ensures that Sky will continue to deliver world-class sport…
Gucci Beauty flagship store debuts on Tmall Luxury Pavilion
NEW YORK: Coty Inc., one of the world’s leading beauty companies and the global leader in fragrances, announced the opening of the Gucci Beauty flagship store on the Tmall Luxury Pavilion. Tmall Luxury Pavilion is Alibaba’s dedicated platform for the world’s leading luxury and premium brands. The digital store connects Gucci Beauty products with more…
iHeartRadio announces new partnership with Paris Hilton
NEW YORK: iHeartRadio announced a new partnership with Paris Hilton to produce an innovative slate of iHeartRadio Original Podcasts as well as a series of PodPosts, a new format that merges social media into voice, and podcasting into a social environment. The short form audio clips known as “PodPosts” will publish in podcast feeds, offering…