Prospex Oil & Gas, Xpediator, Ncondezi Energy and Malcy on O&G News
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On today's Vox Markets Podcast: Prospex Oil & Gas, Xpediator, Ncondezi Energy and Malcy on O&G News
Ed Dawson, Managing Director of Prospex Oil & Gas (PXOG) discusses the substantial upgrade to the resource estimate at their Italian gas prospect.
Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.
Stephen Blyth, Chief Executive Officer of Xpediator (XPD) discusses their final results which saw pre-tax profit increase by 130%.
Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group's International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.
(Interview starts at 11 minutes 47 seconds)
Hanno Pengilly, Chief Development Officer of Ncondezi Energy (NCCL) explains what is meant by final phase of their the Joint Development Agreement.
Ncondezi is a power development company which owns 100% of the 300MW Ncondezi Coal Power Project which is one of the most advanced development power project's in Mozambique. The project is strategically located in the Tete Province in northern Mozambique, a power generating hub that distributes power across the region. The Company is targeting delivery of first power onto the Mozambican grid by 2023 through a 25 year offtake agreement to meet existing demand.
(Interview starts at 21 minutes 18 seconds)
Oil & Gas Sector specialist Malcy talks about the following stocks:
Coro Energy (CORO)
Predator Oil & Gas (PRD)
Hurricane Energy (HUR)
Reabold Resources (RBD)
Upland Resources (UPL)
Serica Energy (SQZ)
(Interview starts at 28 minutes 43 seconds)
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.