Australia: Strata-X Energy to merge with Real Energy to create Pure Hydrogen Corp
25 Jan 2021
Pure Hydrogen, the company to be formed by the merger of Strata-X Energy and Real Energy, is now scheduled to list on the ASX by the end of February 2021.
Pure Hydrogen is joint venturing with Liberty Hydrogen to set up four east coast Australia Hydrogen Manufacturing and Distribution Hubs.
The completion of the first Venus CSG Pilot project has been delayed for several weeks because the coil tubing unit needed for the pre-completion enhancement has itself been delayed at a Cooper Basin job.
Merger of
As announced previously, following strong support for the merger at the meeting of Real’s shareholders held on 11 December 2020 and the subsequent Court Hearing on 18 December 2020, some Conditions Precedent had not been met. Strata-X have convened a shareholders meeting on 5 February 2021 aimed at meeting the final Conditions Precedent. The final court approval for the merger has been
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Uco Bank’s Rs 1,000-crore share-sale on track
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Uco Bank s appeal to Life Insurance Corporation of India (LIC) for capital injection on a preferential basis has failed to get a response so far.
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KOLKATA: State-owned
Uco Bank is in the final stages of hiring merchant bankers to raise about ₹1,000 crore in share sales, while its appeal to Life Insurance Corporation of India (LIC) for capital injection on a preferential basis has failed to get a response so far.
Uco chief executive AK Goel on Monday said the bank has approached LIC again and that the insurer would “take a call” on capital infusion. The Kolkata-based lender has been in talks with the country s largest insurer for the last couple of years.
Namibia: Global Petroleum announces updated prospective resources estimate for Namibian Licence PEL0094
26 Jan 2021
Global Petroleum has announced its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed. Global holds a working interest of 78 per cent in PEL0094, and is operator.
The additional Prospective Resources,which are in the east of PEL0094, consist of 7 new leads with a total unrisked gross Prospective Resources (Best Estimate) of 2,048 million barrels of oil. As previously reportedin July 2020, the pre-existing prospects - Marula and Welwitschia Deep - contain a total of 881 million barrels, making a new totalon the licence of 2,929 million barrels unrisked gross Prospective Resources (Best Estimate).