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Elixir Energy (ASX:EXR) hits coal sub-basin at Nomgon


Elixir Energy (ASX:EXR) hits coal sub-basin at Nomgon
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Elixir Energy (EXR) discovers a new coal-bearing sub-basin at its Nomgon project in Mongolia
The company found the presence of coal through two strat-holes, Kingston-1S and Kingston-2S, which intersected 12 metres and 8 metres of coal, respectively
Notably, the Kingston 2S well is the deepest well that Elixir has drilled to date at the project
Later this year, Elixir is planning to drill a core-hole in the Kingston sub-basin to measure its gas content and permeability
Just before the market opens today, Elixir last traded at 23.5 cents per share ....

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Investegate |Petro Matad Ltd Announcements | Petro Matad Ltd: Launch of Open Offer


and
 
Petro Matad Limited (AIM: Matad) ( Petro Matad , the Company ), t
he AIM quoted Mongolian oil company
, is pleased to announce the launch of an Open Offer to raise up to approximately US$2 million.
Open Offer
On 15 July 2021, the Company announced that it had conditionally raised approximately US$10.4 (before expenses) from the following sources:

a firm placing of 155,240,612 Placing Shares at the Issue Price to existing and new institutional investors by way of an accelerated bookbuild conducted by the Joint Bookrunners on behalf of the Company to raise approximately US$7.5 million;

a firm placing of 14,285,714 Retail Shares at the Issue Price to existing and new retail investors to raise approximately US$0.7 million; and ....

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Brazil: Petrobras signs Itapu Coparticipation Agreement


Brazil: Petrobras signs Itapu Coparticipation Agreement
12 Jul 2021
Itapu Coparticipation Agreement, which will regulate the coexistence of the
Transfer of Rights Contract (ToR) and the
Production Sharing Contract (PSC) for the
Surplus of the Transfer of Rights for the Itapu field, in the Santos Basin pre-salt area.
The negotiations started right after the bidding process, held on November 6, 2019, in which Petrobras acquired 100% of the rights to explore and produce the surplus volume of the ToR from Itapu field. Petrobras and PPSA, together, defined the field s Development Plan, production forecasts and recoverable volumes estimates, agreeing on the following Tract Participations (TPs):
The oil and gas price assumptions, discount rate and cost metrics were established in MME Directive n. 213/2019. Thus, the value of the total compensation due to the ToR (100% Petrobras) by the PSC is approx. US$ 1.274 billion, which will be fully recovered as Cost ....

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