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ENERGY & NATURAL RESOURCES


TAG Oil signs petroleum services agreement to commence development operations at Abu Roash

TAG Oil Ltd. is pleased to announce that it has now formally entered into the previously announced petroleum services agreement with Badr Petroleum Company to commence development operations at the unconventional Abu Roash “F” reservoir in the Badr Oil Field, a 107 km2 (26,000 acres) concession located in the Western Desert of Egypt.

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TAG Oil announces its Q1 2023 results

Highlights over the period include that the Company had C$13.1 million (March 31, 2022: C$13.3 million) in cash and cash equivalents and C$15.4 million (March 31, 2022: C$15.4 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.

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TAG Oil announces its FY2022 results

Highlights over the period include that the Company had C$13.3 million (December 31, 2021: C$14.1 million) in cash and cash equivalents and C$15.4 million (December 31, 2021: C$15.8 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.

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Lunn rewriting South Africa’s oil strategy- upstream

Article on Sean Lunn’s career in oil and gas starting with him having “established indigenous upstream player iMbokodo Oil & Gas”. Ruther, the article describes Lunn as having formed iMbokodo as a black economic empowerment oil company that will acquire stakes in domestic upstream licenses. Finally, the article describes iMbokodo as having received seed funds from Meridian through Lunn’s close friendship with Gavin Wilson, an investment director at Meridian.

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Afentra makes Angola debut with $80 million offshore purchase – Energy Capital & Power

Afentra has signed a sales and purchase agreement (SPA) with Angola’s national oil company, Sonangol, for stakes in two offshore blocks in the Lower Congo and Kwanza Basins. Marking the entry of the UK independent into the southern African country, the deal comprises an $80 million upfront payment for stakes in Block 3/05 and Block 23, offshore Angola.

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TAG Oil publishes its Q3 2022 results

Highlights over the period include that the Company had C$14.1 million (September 30, 2021: C$15.2 million) in cash and cash equivalents and C$15.8 million (September 30, 2021: C$15.6 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.

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TAG Oil announces its Q2 results

Highlights over the period include that the Company had C$15.2 million (June 30, 2021: C$15.6 million) in cash and cash equivalents and C$15.6 million (June 30, 2021: C$16.3 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.

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FAST MOVING CONSUMER GOODS


Food Union supports the people of Ukraine with products, financial means and job in the Baltics

International ice-cream producer and distributor Food Union group has expressed support to the Ukrainian nation after the invasion of the Russian army in its country. The group is donating food products, providing financial assistance and will provide jobs to Ukrainian refugees in their plants in Latvia and Estonia. The group has stopped exporting and importing to Russia.

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