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ASIC bans Forex Capital Trading director for ten years and former employees for three to six years from providing financial services
ASIC has banned the sole director and four former employees of retail over-the-counter (OTC) derivative issuer, Forex Capital Trading Pty Ltd (Forex CT), from providing financial services for periods ranging from three to ten years.
Forex CT employed account managers who encouraged clients to trade in high-risk contracts-for-difference (CFDs) and margin foreign exchange contracts (FX Contracts) products issued by Forex CT.
Forex CT chief executive officer, responsible manager and sole director, Shlomo Yoshai, has been banned for ten years. ASIC found Mr Yoshai’s lack of understanding or regard for compliance was so serious it justified the making of the banning period for such a significant period, particularly given he was someone who oversaw the operations of Forex CT.
Australia: Condor could be the Perth Basin’s largest untested wet gas structure
17 Mar 2021
Condor could be the Perth Basin’s largest untested wet gas structure
With just over 20 MMbbl (P50) condensate, Condor represents additional significant liquids upside at current prices in excess of US$60/bbl
Further upside if Walyering Prospect (TPD 45%, STX 55%) is successfully drilled this year
Talon Petroleum has advised that it has estimated initial, recoverable Prospective Resources over the high relief
Condor Structure contained within
Talon and
Macallum Group executed a non-binding terms sheet providing for the acquisition by Talon of a 100% interest and Operatorship in the area covering the
Botswana: Tlou Energy announces proposed placing to raise GBP 2.6 million
16 Mar 2021
Tlou Energy, an ASX, AIM and BSE listed company focused on generating cleaner power in Botswana and southern Africa using gas and solar power, has announced its intention to undertake an
equity placement of £2.6 million. The Placing will be conducted through an accelerated bookbuild process which will be launched immediately following this announcement with a price of 3.5 pence.
The Placing Shares are not being made available to the public. It is envisaged that the Bookbuild will be closed no later than 6.00 p.m. today, 16 March 2021. Details of the number of Placing Shares and the approximate gross proceeds of the Placing will be announced as soon as practicable after the closing of the Bookbuild. The Placing is not underwritten and Shore Capital is acting as sole bookrunner in connection with the Placing.
UK: Contracts awarded for state-of-the-art service operation vessels for Dogger Bank wind farm
17 Mar 2021
Dogger Bank A and B phases of the Dogger Bank wind farm have awarded UK-based
North Star Renewables contracts for delivering three service operation vessels (SOVs) for the operation of these phases. The total value of the contracts including options is estimated at about
GBP 270 million.
The three SOVs will incorporate the latest technology, including a hybrid battery solution and power-to-shore to reduce fuel consumption and emissions. Technicians servicing the turbines will spend two weeks on board the high-tech vessels, more than 130 km off the North East coast of England, ensuring the wind farm phases are safely and efficiently maintained to provide optimum wind turbine availability.
Eni and Politecnico di Milano renew their framework agreement
16 Mar 2021
The agreement aims to establish the Joint Innovation and Research Centre for technologic acceleration in Carbon Neutrality
Politecnico di Milano have signed a new framework agreement during an online event attended by the Minister of University and Research Maria Cristina Messa, the President of Lombardia Region Attilio Fontana, the Rector of the Politecnico Ferruccio Resta, the President of Eni Lucia Calvosa and Eni CEO Claudio Descalzi.
The collaboration between Eni and the Politecnico di Milano, that began in 2008, has received research investments for about
50 million euros, and led to innovative solutions in many fields including