Category: ukzqjwwjcghz

MetalNRG seeks to acquire majority stake in Romania oil and gas company

first_imgThe non-binding exclusivity agreement will set out the terms by which MetalNRG will acquire 75% stake in unnamed Romanian oil and gas firm Image: MetalNRG seeks to boost business with stake acquisition in Romanian oil and gas operator. Photo: courtesy of D Thory from Pixabay. Natural resource investing and exploration company MetalNRG has signed an exclusivity agreement with an undisclosed partner to acquire a majority stake in the Romanian oil and gas operator.The non-binding exclusivity agreement will allow the two firms to set out the terms by which MetalNRG will acquire 75% of the issued share capital of unnamed Romanian oil and gas firm.The undisclosed Romanian oil and gas firm owns 100% of a oil and gas concession in the country which is valid until 2034.The acquisition would involve an upfront payment and a free-carry component on the initial development capital. The exclusivity period will run until 28 February 2020.MetalNRG said in a statement: “The Vendor will sell the operating company’s shares to the purchasers with full title guarantee, free of any charges, mortgages, encumbrances or security interests of every whatsoever nature and the Transaction will be subject to shareholder and UK/Romanian regulatory approvals.”Additionally, the two firms agreed that the potential transaction would be completed upon concluding a comprehensive due diligence process and signing of mutually satisfactory acquisition documentation.MetalNRG CEO Rolf Gerritsen said: “I am pleased to have agreed the basis of a robust deal for this investment opportunity and to have entered the exclusivity period. Due diligence has commenced in earnest, and we look forward to delving into the detail of the oil and gas concession in the coming months.“This near term cashflow generative project has the potential to add substantial value to the Company alongside our Gold Ridge Project and I look forward to updating the market as we make progress with our due diligence process. As announced previously it has always been my intention to seek additional asset to invest in and this is one project that appears to tick all our investment requirements”MetalNRG said that the exclusivity agreement has been signed in collaboration with a London-based oil and gas investment specialist.Earlier this year, Mkango Resources signed a non-binding agreement with MetalNRG, for Thambani exclusive prospecting license in Malawi.last_img read more

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Trinity’s Welfare Turmoil

first_imgLast term, as reported by Cherwell, an email on behalf of Trinity’s JCR President wasaccidentally leaked, revealing sensitive information about welfare to the JCR. The survey also found issues with the JCR’s welfarepositions, namely Peer Supporters and Welfare Reps. It stated: “The mainbarrier to improving the approachability of the JCR Welfare Representatives andPeer Supporters was that as these roles are filled by current students… inturn, JCR members may feel this is a less confidential means for support, dueto its greater informality, particularly if you know the peer supporterssocially.” A section on sexual harassment asked respondents whetherthey thought there was a clear way of reporting harassment issues in college.Only 8.8% of those who answered gave a response of “yes”, with 34.1% answering“no”. Asked whether they would feel comfortable doing so, only 10% of peopleanswered “yes”. A spokesperson for the College told Cherwell: “Ensuring Trinity’s welfare provision is as effective aspossible is an important priority for Trinity – the JCR welfare survey raisedimportant concerns around provision, which we are committed to addressing in apositive and decisive way. These proposals include a revising of the College safeguarding policy to clarify the route through which students can be referred to outside agencies, a College policy on sharing information to solve confidentiality issues, consideration of the provision of Mental Health First Aid training for key personnel, and a regular review of the College Harassment policy. The results of the survey were also shared with the Dean and Welfare Dean. One section of the survey asked respondents whether theyagreed or disagreed with the statement: “Trinity is a place that cares aboutits students’ welfare.” The results concluded: “Out of the 93 responses, 30students either disagreed or slightly disagreed, with a further 13 having noclear opinion on the matter, suggesting that nearly half of all JCR members donot feel that Trinity is a college that strongly cares about its students’welfare. This is particularly striking given that only 16 students fully agreedwith the statement.” Another student was reported to have “expressed confusion about the way [College President Dame Hilary Boulding] and Anil (then the Equalities Fellow) were surprised by the findings of the report, given that from their experience, a multitude of issues have been reported over the past year. This suggests a major issue with lack of transparency of where information goes from the initial point of contact.” The results of the survey prompted a series of proposedsolutions, both in terms of JCR and College welfare. The JCR’s action to betaken included urging College to recognise “the extremely low levels ofconfidence students generally have in approaching college staff members aboutmental health issues” and creating a Google Form to allow JCR members to submitanonymous complaints or concerns about specific Peer Supporters, whilst alsocreating a more thorough screening process for candidates who wish to becomePeer Supporters. However, it was also emphasised that the lack of an“approachable system” provided by College put a “huge strain” on the JCRwelfare team who were not qualified mental health professionals and are“limited in both training and power.” In response to the reportedly “shocking” statistics on thehandling of sexual harassment, the JCR has urged the College to create theposition of at least one “Harassment Officer/Women’s Officer” among the Fellowsthat was separate from both the Dean and the Welfare Dean. The JCR also statedtheir intention to “make both Trinity’s stance on and processes of managingclaims of sexual harassment clearer to all students” and to “formally increasethe number of sexual harassment responders in Trinity.” An emergency JCR meeting called just days after the surveywas published led to the College launching an independent review into theirwelfare provision. A new member of the welfare team was also appointed to helpimprove the college’s welfare capacity to deal with welfare concerns. The JCR Secretary responded by telling attendees that shehad been “encouraged” by the meeting with the College President, and statedthat “she does seem to really recognise the issue” but has to be “pragmatic”when carrying out changes. The minutes of the meeting record how: “[the JCR Secretary]emphasised how JCR members can share their concerns about either the temporarymeasure or the longer-term review of the welfare system with the Exec Committeeand the Welfare Reps, who will respect confidentiality. The minutes record the response of the JCR President: “Thisis also a really important issue that needs to be recognised and should not be overshadowedby the other findings of this report. He stated that the new Equalities FellowMaria is extremely willing to deal with these problems and promote a moreinclusive community.” Another question asked “If you have approached a collegestaff member about a mental health issue, how satisfied were you with the waythe issue was dealt with?”. In response to this, 9 out of 31 students said thatthey would rate their satisfaction as a 1. On the other hand, none of the 19students who responded rated their encounter with JCR welfare representativepeer supporters as a one. Trinity JCR, the Trinity Welfare Dean, and the college’sPresident were contacted for comment. In light of the review, a new member of the welfare team hasbeen appointed. In an email from last week, the President said: “Please notethat we have slightly different welfare arrangements in place for this term. Inorder to create some additional Welfare capacity, we are pleased to welcomeMark Bezerra Speeks who will be available to students on Mondays and Fridays.” “It is our goal with this review to get underneath thegeneral impressions of welfare at Trinity and understand specific instanceswhere support was needed and how the college responded. These will be used todevelop appropriate responses to the issues raised. “We are grateful to students for working with us and hope tocontinue working positively and constructively to ensure our welfare provisionis robust in serving all students who need support.” The minutes of the emergency meeting state that TrinityCollege “seemed to take the findings very seriously” and confirmed that variousplans which were presented to the Governing Body. When asked “How confident would you feel approaching acollege staff member about a mental health issue?” half of students said theywere not confident, rating the college either one or two on a scale of one tofive. Only three students gave a rating of five. In contrast, for confidence inapproaching a JCR peer supporter about a mental health issues the averageresponse was a 3.2. The College President later announced, in an email on 28thFebruary, the Governing Body’s intention to conduct an “independent welfarereview” of Trinity’s welfare provision, which will be carried out this term.Deputy Head of the University Counselling Services Maureen Freed was announcedto be conducting the review, which was to start at the beginning of Trinityterm. On 29th January 2019 an Emergency JCR Meeting was called in which the results of the survey were discussed, having been sent out to JCR members via email. The survey was a volunteer sample of 93 members of the JCR. It was made clear that because of this: “the figures should not be taken to be a completely accurate representation of the JCR at large, however they shall give an indication of general feeling on certain key issues.” “As a next step, the College has engaged the Deputy Head ofCounselling at the University to conduct an independent review of welfare atTrinity; she is an experienced organisational consultant who has worked with othercolleges on similar reviews. “It was also emphasised how this temporary measure is by nomeans all that is being done to reform the Trinity welfare system – and thereview will help to usher in further changes for the new academic year.” The email stated: “out of 12 people identifying asBlack/African/Caribbean/BlackBritish (4) and Mixed/Multi-Ethnic (8) (somepeople however also said prefer not to say) 9 people said in the survey thatthey “faced any specific issues or incidents” at Trinity with regards ofrace/ethnicity and 5 people said that worries/issues about race have adetrimental effect on their mental health.” Serious concerns have been expressed by Trinity studentsabout the performance of the College’s welfare provisions in Michaelmas,according to survey results obtained by Cherwell.last_img read more

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Professor emeritus to visit China

first_imgEmeritus chemistry professor Subhash Basu is scheduled to present the lecture, “Characterization of Biosimilar Anti-cancer Agents Using Apoptosis Assays,” in Suzhou, China on Nov. 20 as part of the 12th Annual Congress of International Drug Discovery Science and Technology (IDDST).The theme of the conference, “Shaping the Bright Future of Drug Discovery,” is part of a larger effort to provide “the perfect meeting place to exchange information and discuss breaking scientific discovery toward enabling technologies that are driving bio/pharmaceutical innovations, the drug discovery and development process,” according to the IDDST invitation letter.“I think at least 200 people are going to talk in four days, so [the conference] is very important,” Basu said. “You increase your horizons of known people. Not only do you sell your product, but you also get ideas, so it’s very important to get an invitation from there and interact with those people all over the world.”Basu said conference attendees include vice presidents, CEOs and directors from some of the largest research and pharmaceutical companies around the globe. Although the conference includes many aspects of the drug delivery process, Basu said he is presenting on the use of liposomes in cancer drug delivery.“The research is focused on finding new chemicals, which can kill cancer cells,” he said.Basu, who has worked at Notre Dame for the past 44 years in the area of breast and colon cancer drug discovery, said the goal of his lab is to use the smallest and least toxic dose of chemicals to cause cancer cells death without harming normal cells.“The dying of normal cells means the DNA gets degraded, but cancer cells, they don’t want to die,” he said. “They are immortal.”15 years ago, Basu said an undergraduate in his lab ran an experiment using the anti-cancer chemotherapy drug, Cisplatin. Results of the experiment showed that Cisplatin killed cancer cells by apoptosis, which Basu said was not known at the time.The lab published the paper and then began working on other chemicals with the ability to induce apoptosis, Basu said.“It caught the attention of the whole world that cancer cells could be induced for apoptosis, which then I said, I can bank on that … that I want to kill cancer cells by apoptosis induction,” he said.In addition to his cancer research at the University, Basu said he is currently in the process of establishing a non-profit foundation, the Cancer Drug Delivery Research Foundation.“I conceived of this new foundation [for] cancer drug delivery, how we deliver these apoptotic chemicals,” he said. “I have four or five more patents to apply for immediately so I’m preparing myself to build a new lab, a new crew and everything.”Basu said future patents will help finance cancer research, and he said he should receive all necessary confirmations to move forward with the project within the next six months.“Now, I have in my possession all the equipment,” he said. “All I need [is] declaration from the IRS that this foundation is tax exempted, and then I can accept the money from different agencies.”Until then, Basu said he plans to continue his research and attend various global conferences.Next month, “Advances in Experimental Medicine and Biology” will publish a chapter on potential anticancer drugs written by Basu.Tags: annual congress of international drug discovery science and technology, anti-cancer, apoptosis, cancer cells, characterization of biosimilar anti-cancer agents using apoptosis assays, chemistry, china conference, DNA, IDDST, research, shaping the bright future of drug discovery, subhash basu, suzhou chinalast_img read more

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State Street Corp., With $2.6 Trillion in Assets, Calls for Companies to Disclose Climate-Change Risk

first_imgState Street Corp., With $2.6 Trillion in Assets, Calls for Companies to Disclose Climate-Change Risk FacebookTwitterLinkedInEmailPrint分享E&E:One of the world’s biggest investment firms is pressing companies to think seriously about the risks of climate change and explain how they manage those threats.In a recent research note, a division of State Street Corp. urged companies in sectors exposed to climate change and carbon regulations — like oil and gas firms, utilities, and mining companies — to plan for the serious challenge of global warming.Boards of directors “should regard climate change as they would any other significant risk to the business” and ensure that long-term plans are “resilient to the impacts of climate change,” the note says.State Street, which manages about $2.6 trillion in client money, called on companies to share information about their assessments of financial hazards related to climate change and carbon taxes, as well as their goals to slash emissions.The company joined a growing list of organizations demanding that the private sector pinpoint how climate change threatens operations. The multitrillion-dollar investment group BlackRock Inc., the mutual fund giant Vanguard Group Inc. and the London financial firm Schroders PLC have all raised concerns about the economic risks posed by climate change.More: ($) Investment firm calls climate change a ‘significant risk’last_img read more

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International security forces capture alleged drug traffickers in Panamá

first_img Brothers Edgar and Ever Bustamante Riascos are allegedly key members of The Business, a drug trafficking gang which often uses speedy go-fast boats to transport large amounts of cocaine from Panamá to Costa Rica and other destinations. But the brothers Bustamante were not fast enough to evade Special Forces of Panamá’s National Police, Colombian anti-narcotics police and agents with the U.S. Drug Enforcement Administration. Working in cooperation, security forces from those three countries captured the brothers in September in Panama City. Agents from Panamá’s Directorate of Judicial Investigation and Directorate of Police Information also assisted with the arrests. Edgar Bustamante, also known as “Yuca,” and his brother Ever – who uses the aliases “Tata” and “Tatabro” – are allegedly part of a family which helped found The Business, a drug trafficking gang which has been operating in Buenaventura since the 1990s. The Business is comprised of members of the Bustamante family, various criminals, corrupt business people, and former paramilitaries. It was once allied with Los Rastrojos, another drug trafficking organization which is based in Colombia. U.S. drug enforcement agents suspect the brothers have transported about three tons of cocaine to Costa Rica. The Business has been battling the Clan Úsuga, another Colombian drug organized crime group, for regional control of drug trafficking since about 2012. That fight has led to several defections between the two criminal groups. Drug traffickers use Panamá primarily as a transshipment point, transporting drugs from that country to Costa Rica, México, and the United States. It’s also occasionally a meeting point for criminal groups and terrorists to plot their illegal activities. For example, some leaders of the terrorist group the Revolutionary Armed Forces of Colombia (FARC) as well as top Clan Úsuga leaders, such as Francisco Morelo Peñata, also operate in Panamá. Morelo Peñata, who is also known as “El Negro Sarley,” moved to Panamá in September 2012 to manage the drug trafficking group’s illegal enterprises, including money laundering. It is interesting and worthwhile to broadcast these issues to create awareness of the need to reject them and use every means to exterminate them. By Dialogo October 03, 2014last_img read more

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Pertamina to pay $601m in dividends to government

first_imgState-owned oil and gas giant Pertamina will pay US$601.3 million in dividends to the government, 7 percent more than last year, as the state looks to fund its COVID-19 expenditures.The dividends amounted to 24 percent of Pertamina’s net profit of $2.53 billion last year, the company announced in a statement on Thursday after an annual shareholders’ meeting.“We are fortunate that Pertamina made several achievements and maintained a stable net profit,” said Pertamina spokeswoman Fajriyah Usman on Thursday. The company attributed the lack of profit growth to low crude oil prices and a weak rupiah exchange rate against the United States dollar last year compared to the previous year. Indonesia Crude Prices (ICP) fell 7.5 percent year-on-year (yoy) to $62.37 per barrel in 2019, Energy and Mineral Resources (ESDM) Ministry data shows.The rupiah exchange rate, meanwhile, strengthened by 3.58 percent on a point-to-point basis in 2019 or by 0.76 percent on average, according to Bank Indonesia (BI) data.The government has been struggling to fund its state budget as it swells to Rp 695.2 trillion to accommodate COVID-19-related spending. Tax collection has dropped amid weakening business activity, and the government is now projecting that the 2020 state budget deficit will widen to 6.34 percent of gross domestic product (GDP), up from the 5 percent stated in the revised budget.Topics :last_img read more

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Gold Coast automotive boss Wade von Bibra and his family have designed the perfect family home

first_img49 Cabana Boulevard, Benowa Waters.“My favourite part about the home is how interconnected all the spaces are, there’s a sense of convenience about each space. “It’s a light and bright home and it lets in a lot of sunshine. The botanic gardens are also located down the street.” 49 Cabana Boulevard, Benowa Waters.“It was a very tired looking home when we found it and it belonged to an elderly man but it was in a great location and had a great feel about it when we stepped inside,” Mr von Bibra said. “We decided to put a lot of effort into it to bring it back to life.“There were trees blocking the view and it had an 80s style.” More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago 49 Cabana Boulevard, Benowa Waters.With magazine-style spaces Mr von Bibra said his wife was responsible for the design.“She loves interior design and she’s done a good job of making it family friendly for our four little ones,” he said. 49 Cabana Boulevard, Benowa Waters.GOLD Coast automotive identity Wade von Bibra and his wife Caroline are selling their stylish Benowa Waters home.Set on 902 sqm waterfront block, the von Bibra family spent more than $300,000 on redesigning the home after they bought it in 2015. center_img 49 Cabana Blvd, Benowa Waters.The four-bedroom home now has open-plan living and a seamless flow to the poolside entertaining terrace that captures wide water and skyline views. Stylish wallpaper and pedant lighting combines to create a modern design. 49 Cabana Boulevard, Benowa Waters.The property is close to Benowa Gardens Shopping Centre, schools and parks.last_img read more

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Brisbane’s property market is tipped to continue its steady growth in 2018

first_imgBrisbane’s property market is tipped to perform steadily in 2018. AAP Image/Claudia Baxter.PROPERTY price growth in Brisbane was subdued toward the end of the year, but expectations are for a positive 2018.The latest CoreLogic property value index revealed no change to Brisbane dwelling values in December and just 0.3 per cent growth in the last quarter of the year.Total growth for 2017 was 2.4 per cent, with the house market, accounting for 3.1 per cent of growth and units down 1.2 per cent.CoreLogic head of research Tim Lawless said the performance between Brisbane house and unit market was “stark’’.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by “The decline in unit values can be attributed to concerns around over supply in key sectors of the Brisbane market,’’ he said.Mr Lawless said the overall message in the Brisbane was “steady as she goes”.“You can see a pretty stark difference between houses and units in Brisbane, I think the unit oversupply does seem to be more pronounced in Brisbane than in other cities and that is leading to some caution amongst buyers, particularly investors,’’ he said.Mr Lawless said he had “reasonably positive expectations’’ for Brisbane.“Not that we think it is going to be another Sydney in terms of its growth rates hitting the 20 per cent mark or anything, but the fact is we are seeing the population growth improving across southeast Queensland with some jobs growth improving.“We are seeing affordability as nowhere near as high a hurdle as Sydney and Melbourne.“I think there are some factors that will help to keep a pretty decent floor under Brisbane pricing and maybe see a rate of growth pick up a little bit from here in 2018.’’last_img read more

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First tower opens in $1.2b racecourse precinct transformation

first_imgThe entire Eagle Farm masterplan is estimated at $1.2 billion, a substantial injection for the Brisbane racing precinct.DOWNSIZERS and families with racing stripes have moved in to the first of eight residential towers being created in the $1.2 billion transformation of Brisbane’s racecourse precinct which officially opens tonight.Ascot House, which has an 800 sqm roof terrace and elevated pool deck overlooking the racetrack, was the first milestone in the Ascot Green development by Brisbane Racing Club and Mirvac.Mirvac Queensland residential development general manager Warwick Bible said buyers were drawn to the trackside location and generous balconies overlooking the turf.“Many of our buyers are moving from Ascot and the surrounding areas from big family homes. They are seeking generous floorplans, extra-large balconies and open outlooks, making Ascot House incredibly attractive.“Local buyers from Ascot, Clayfield and Hamilton want to remain in the area, but reduce their home maintenance commitments without compromising on the space, style or privacy of a large residence.”More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoThe overcast evening was not enough to wipe the smile off the faces of Russell and Jenny Reed at their new home trackside at Eagle Farm. Picture: AAP/ Ric Frearson.New resident Russell Reed, who has been a race day ambassador entertaining winners at Saturday meetings, won’t have far to walk to catch all the action.Having been a member of QTC, BTC and BRC for almost four decades, he can’t wait to see horses running past his veranda.He and wife Jenny were among downsizers moving furniture into the building this week, in his case downsizing from a house in Brisbane’s north.Mr Reed has turf in his blood, coming from a cattle and crop farming family at Kingaroy that raced horses in Brisbane.“Both my grandfather and father raced horses in Brisbane. They had a bit of success with horses at Eagle Farm, Doomben and Albion Park trained by Merv Lewis at Gumdale but nothing major,” he said.“My parents served on the committee of the Kumbia Race Club right up to the time of their death. My grandfather was also a founding member of the big Burrandowan Picnic Race Club.’’last_img read more

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Dayboro market booms as people move to be close to upcoming uni

first_imgThe home at 29 Saddleback Drive, Dayboro, sold for $765,000.A “DREAM” Queenslander garnered more than 100 inquiries before selling three weeks after hitting the market.The property at 29 Saddleback Drive, Dayboro had 25 groups through at inspections and three written offers, the first of which was received within a week of being advertised, according to Belle Property’s Leigh Hutton. The kitchen has country style.The agent said the Dayboro market was strong, with acreage properties in demand.“I’m finding (the market) to be incredibly strong,” she said.“I could have sold 29 Saddleback Drive two or three times over.“With the uni going in at Petrie, I’m getting a lot of buyers and interest in the surrounding suburbs.” Inside 29 Saddleback Drive, Dayboro.center_img The replica Queenslander has polished timber floorboards. “It’s a dream Queenslander style home and it has a lot of street appeal,” Ms Hutton said.“There was a tremendous amount of interest, more than normal because of the style of home.”More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019Ms Hutton said the home sold to a couple for $765,000.“A lovely local couple secured the home and are over the moon,” she said.“I think it just really caught their eye and they had to come and see it.“It’s their first home.”last_img read more

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