Traders were also tracking the advent on Monday of a significant new contract, with Abu Dhabi kicking off futures for its oil in a bid to establish a fresh benchmark. Oil is still set to close out a fourth consecutive quarterly gain this week, aided by sustained supply curbs imposed by the Organization of Petroleum Exporting Countries and its allies, and optimism that global demand will expand as coronavirus vaccines get rolled out.
Rates for tankers have increased, boosting the cost of shipping crude around the world. Despite progress with vaccines, the Covid pandemic remains a challenge.
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Global cases rose for a fifth week, with several European nations facing a resurgence. Also in Asia, the Philippine capital is also back under strict curbs. This time around, Goldman Sachs Group Inc. Citigroup Inc. The greenback rose as broader financial markets were rattled after a major U. The three were hurt in Saturday's loss to Port Adelaide with ruckman Draper to miss up to 10 matches because of an ankle injury. Bloomberg -- As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.
Before the Suez Canal snarl-up, these tanker-loving investors had been having a tough time, with share prices still struggling to recover from the pandemic. Alexander Hansson, a board member at Nordic American and the son of its founder, bought 50, shares of the company on Friday, a filing shows. Efforts are underway to prepare the giant ship to leave the channel, almost a week after it ran aground.
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Hannisdahl shares much of his research on Twitter, and is often inserted into memes posted by the Tanker Gang. Monitoring these companies requires data that had been locked behind pricey subscriptions. Not everyone in the Tanker Gang was convinced that shipping stocks were set to soar. In addition, Interoil will invest in further development activity in Argentina. The Company had earlier signed an agreement with Argentine drilling services company Velitec SA, for the re-opening of an initial 15 wells.
The Share Issue will be based on a Norwegian national prospectus covering the offering of new shares with gross proceeds of up to NOK 37 million.
Interoil recognizes that the Jaca. In addition, the complete re-opening of our wells at MMO promises to further unlock valuable barrels in Argentina. As part of the agreement, SLS and Quantum Resources will retain a 22 percent equity interest in the well and cover 60 percent of the drilling expense. The cost of the Jaca.
The Jaca.
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Interoil estimates the prospective resources at Jaca. The Malevo. Interoil expects to reach a total daily production estimated at around bopd from the current 17 bopd once all wells are re-opened, including the bopd resulting from the intervention of the first 15 wells in partnership with Velitec SA. The investment will be carried by Interoil.
Progress with Mazorca. Furthermore, Interoil and Petroland SAS have agreed on the commercial terms for the engagement of the drilling rig. The contract is expected to be signed in the coming days. At MMO, Interoil requested the necessary certifications and approvals of the drilling rig prior to accepting it for the work-over program.
The Share Issue is directed towards Norwegian investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. The Share Issue will be governed by a national prospectus registered in Norway the "Prospectus".
The Company decided that the best alternative is to raise the necessary funding for the investment program through the Share Issue. The subscription price in the Share Issue is established at 1.
This price was calculated on the basis of a day, volume-weighted average price plus a 10 percent discount, as of close of business 26 March The Company reserves the right to close or extend the application period at any time at its sole discretion, at short notice. Instructions on how to submit applications in the Share Issue, as well as expected timeline for settlement and delivery of shares will be published by the Company in the Prospectus which will be published by the Company prior to the application period.
The final allocation will be made at the discretion of the Board. The completion of the Share Issue is conditional upon approval by the Board. The Company has considered the Share Issue in light of the equal treatment obligations under the Norwegian Securities Trading Act and the rules on equal treatment under Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo Stock Exchange's Guidelines on the rule of equal treatment, and the Board is of the opinion that the contemplated transaction is in compliance with these requirements and guidelines.
Taking into consideration the time, costs and expected terms of alternative methods of the securing the desired funding, the Board has concluded that offering new shares in a Share Issue on acceptable terms at this time is in the common interest of the shareholders of the Company.
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The Company is operator and license holder of several production and exploration assets in Colombia and Argentina. Interoil currently employs approximately 50 people and is headquartered in Oslo. SLS is a Colombian drilling services company. This notice contains information which is considered inside information pursuant to the European Market Abuse Regulation. The notice has been published by Mr.
The notice is subject to the disclosure requirements pursuant to section 5 of the Norwegian Securities Trading Act. Shares held by SSOM are held as part of the Group's strategy to hedge the plan linked to stock options granted to senior executives of the Group. The transparency notification is available on the Investor Relations Section of Solvay's website. Attachments Press release in pdf format solvac As stated in the financial statements review , Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January to align it with the definition used in the merger prospectus published on 3 December Go to Hostwinds.
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Any comments? Required Field Maximal length of comment is equal chars Minimal length of comment is equal chars 0 out of minimum characters. Submit a comment. I did not aware about my hosting is supports bitcoin. Thanks for this blog. Also, is that means it accept bitcoin transection? Very information article on web hosting and domain register who accept bitcoin and other different cryptocurrency around the world.
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