Proactive’s Post

Carnelian Energy Capital is exploring the sale of Ridgemar Energy, a Houston-based Eagle Ford operator valued at over $1 billion, including debt, with RBC Capital Markets managing the process. Ridgemar, which acquired Callon Petroleum’s Eagle Ford assets in 2023, now holds over 70,000 net acres and forecasts 27,000 BOEPD production by 2025 with core earnings exceeding $450 million. The potential sale reflects a broader trend of private equity exits in the energy sector amid strong commodity prices and growing consolidation. https://lnkd.in/g7-iFisN

Here’s another one; will we hit $20bbln in the last qtr? “Carnelian Energy Capital is exploring the sale of Ridgemar Energy, a Houston-based Eagle Ford operator valued at over $1 billion”

Following the doubling of net production and revenue gains at #PXEN’s Viura gas field, VSA Capital reiterates a Buy recommendation and target price of 20p/sh. - - Research Tree

Reabold Resources Plc (AIM:RBD) is advancing in its second half of the year with a strong balance sheet and a number of exciting catalysts on the horizon, that’s the message from co-CEOs Sachin Oza and Stephen Williams. The first half of the year saw an influx of cash, rising 41%, with cash and equivalents reported as £7.6 million at the end of June – it follows the receipt in January of the final payment from the Corallian deal with Shell. As today’s interim results statement describes, the company subsequently sought to invest and support other projects in its portfolio. “The company is excited by the potential of the Colle Santo gas project, which holds significant gas reserves, and the regulatory process continues to be encouraging.  We are pleased LNEnergy has established a strong relationship with Gunvor in the context of a gas offtake partner,” Oza and Williams jointly said in today’s statement. More at #Proactive #ProactiveInvestors http://ow.ly/fXI2105JWs0

METLEN Energy & Metals continues its strategic expansion on a global level and announces that a draft listing prospectus in connection with the listing of the shares of a newly UK established company, METLEN Energy & Metals Limited, has been filed with the UK’s Financial Conduct Authority (FCA) for their review. This move marks the first step of a process announced in April 2024, as part of strengthening METLEN Energy & Metals’ international presence. Evangelos Mytilineos, Chairman and CEO of our company, expressed his satisfaction with the official start of the process for the listing on the London Stock Exchange. He highlighted METLEN Energy & Metals' long-standing presence in the UK market and expressed confidence that this move will prove to be in the best interests of both METLEN and its shareholders.

We are excited to announce a significant milestone in Metlen Energy & Metals' strategic growth journey. Our company has officially submitted a draft listing prospectus for the shares of METLEN Energy & Metals Limited, a newly established UK-based entity, to the UK’s Financial Conduct Authority (FCA) for review. This step marks the beginning of the process for listing on the London Stock Exchange, reinforcing our commitment to expanding METLEN Energy & Metals' international presence. #METLEN #LondonStockExchange #GlobalExpansion #UKMarket #StrategicGrowth

Diversified Energy Company to acquire gas assets in West Virginia and Alabama @div_energy #LSE #NYSE #DEC. Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced its first acquisition of 2025, picking up natural gas assets in West Virginia and Alabama for $45 million. The assets, gas fields and related facilities, are being acquired from Summit Natural Resources – the package includes coal mine methane, with opportunities to extend production in the future. DEC expects to close the transaction in the first quarter of 2025. It will add around 12 million cubic feet equivalent per day (MMcfepd) of production and 65 billion cubic feet equivalent (Bcfe)... http://ow.ly/CbOK105W2Qb

Reabold Resources Plc (AIM:RBD) has increased its stake in LNEnergy, adding a 1% interest, through a subscription of 17 new ordinary shares. The £205,000 investments takes Reabold's total holding in LNEnergy to 27.1%. Reabold has also secured a warrant allowing it to purchase further shares worth around £747,000 - if exercised, it would increase Reabold's ownership of LNEnergy to 30.6%. LNEnergy has the rights to the Colle Santo gas field concession in Italy, where a development project is set to advance. "We are extremely pleased once again to be able to increase our interest in LNEnergy,” Reabold co-chief executive Stephen Williams said in a statement. “Through the agreed Warrant, Reabold will be able, at its discretion, to further increase its investment in LNEnergy as the regulatory process for Colle Santo progresses.” More at #Proactive #ProactiveInvestors http://ow.ly/KJqW105G4HM

Some energy news: Crescent Energy agreed to buy SilverBow Resources for $2.1 billion, confirming our Bloomberg News story from earlier Thursday. The deal, which comes as SilverBow looks to fend off a board challenge from Kimmeridge Energy Management, would create a player of significant size in the Eagle Ford basin – an area tipped for further consolidation after some big deals in the neighboring Permian. with Crystal Tse:

"Serica Energy plc told investors it is looking at potential new drilling opportunities in the vicinity of its Bruce Hub, in the North Sea, as well as eyeing portfolio expansion through acquisition." Link to article: https://lnkd.in/eciFhwJJ #oilandgas #energytransition #northsea #drilling #offshore #scotland #aberdeen #uk