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Fitch Rates American Muni Power Meldahl Project Bonds 'A'; Outlook Stable (Fitch Inc)

Edit Public Technologies 11 Jul 2016
Take-or-pay power sales contracts (PSCs) obligate the 48 participating municipally-owned electric systems to pay for their respective shares of all project costs, including debt service on the bonds, whether or not the project is completed, operating or operable ... Under the PSCs, each participant is entitled to receive its share of output from the project....

Iran might make a surprising change to its oil industry

Edit Business Insider 07 Jul 2016
Reuters/Rupak De Chowdhuri. One of the world’s most anticipated oil and gas plays just had a major setback. With officials appearing to do an about-face on opening up prime exploration ground to foreign operators ... A phrase that has a bad taste for managers in the global oil and gas sector ... Iran’s officials had been talking about PSCs as recently as a few weeks ago— when they said they would unveil details on the new contracts this month....

Sino Gas - Revised Securities Trading Policy (Sino Gas & Energy Holdings Limited)

Edit Public Technologies 07 Jul 2016
(Source ... SGE has been established in Beijing since 2006 and is the operator of the Linxing and Sanjiaobei Production Sharing Contracts (PSCs) in the Ordos Basin, Shanxi province ... The PSCs are located in the Ordos Basin and cover an area of approximately 3,000km2 ... Rapid economic development is being experienced in the provinces in which Sino Gas' PSCs are located and natural gas is seen as a key component of clean energy supply in China....

Proposed placing of new ordinary shares to raise approximately US$40 million (Savannah Petroleum plc)

Edit Public Technologies 05 Jul 2016
Savannah has now completed over 2,200 man days of technical work on the Savannah PSCs ... Overall, the increased dataset and associated work programs have significantly enhanced the Company's understanding of the geology of the Savannah PSCs, enabling the confirmation of a new proven play type in the basin and a significant increase in the Company's lead and prospect inventory....

Financial and Operational Update (Petro Matad Ltd)

Edit Public Technologies 01 Jul 2016
(Source. Petro Matad Ltd) 8e0408c4-3369-4330-94e3-c62d43d2c9d6.pdf. 30 June 2016 Petro Matad Limited ("Petro Matad" or the "Company"). Financial and Operational Update ... Financial. As a result of Shell's decision to exit the Block IV and V PSCs, Shell's affiliate company is required to pay a contractual exit fee to the Company's affiliate company (Central Asian Petroleum Corporation Limited - "CapCorp")....

Final results for the year ended 31 December 2015 (Petro Matad Ltd)

Edit Public Technologies 01 Jul 2016
(Source. Petro Matad Ltd) 5051a1b8-ec34-48d0-be27-e037812db69f.pdf ... Final results for year ended 31 December 2015 ... Loss ... During the year the Group focused on exploration activities on its Production Sharing Contracts ("PSCs") with the Petroleum Authority of Mongolia ("PAM") on Blocks IV, V and XX in Mongolia ... Key Events. In April 2015, the Company announced completion of a farmout of its Block IV and V PSCs to BG Group....

UC Berkeley’s ‘income inequality’ critics earn in top 2% (California Policy Center)

Edit Public Technologies 24 Jun 2016
(Source. California Policy Center). For Immediate ReleaseJune 23, 2016. California Policy Center. Contact. Will Swaim. Will@CalPolicyCenter.org. (714) 573-2231. Income inequality at UC Berkeley worse than world's-worst Haiti ... PSCS research has been published by the California State Treasurer's Office, the Mercatus Center and the Macdonald-Laurier Institute among others. Before starting PSCS, Marc was a senior director at Moody's Analytics....

Sino Gas-JV Partner EGM approves disposal of interest in SGE (Sino Gas & Energy Holdings Limited)

Edit Public Technologies 21 Jun 2016
(Source ... SGE has been established in Beijing since 2006 and is the operator of the Linxing and Sanjiaobei Production Sharing Contracts (PSCs) in the Ordos Basin, Shanxi province ... The PSCs are located in the Ordos Basin and cover an area of approximately 3,000km2 ... Rapid economic development is being experienced in the provinces in which Sino Gas' PSCs are located and natural gas is seen as a key component of clean energy supply in China....

Trading Update (Petrofac Ltd)

Edit Public Technologies 21 Jun 2016
(Source. Petrofac Ltd). 21 June 2016. PETROFAC LIMITED. TRADING UPDATE. Petrofac issues the following pre-close trading update ahead of the announcement of its interim results for the six months ending 30 June 2016 on 30 August 2016 ... Engineering & Construction (E&C;) ... As part of the ongoing energy reforms in Mexico, we continue to work towards migration of our Production Enhancement Contracts (PECs) to Production Sharing Contracts (PSCs)....

Trading Update (ISE - The Irish Stock Exchange plc)

Edit Public Technologies 21 Jun 2016
(Source. ISE - The Irish Stock Exchange plc). 21 June 2016. PETROFAC LIMITED. TRADING UPDATE. Petrofac issues the following pre-close trading update ahead of the announcement of its interim results for the six months ending 30 June 2016 on 30 August 2016 ... As part of the ongoing energy reforms in Mexico, we continue to work towards migration of our Production Enhancement Contracts (PECs) to Production Sharing Contracts (PSCs) ... 31 May 2016....

Fitch Downgrades Sikeston, MO's Electric Revs to 'BBB'; Outlook Remains Negative

Edit Business Wire 17 Jun 2016
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the rating on the following city of Sikeston, MO revenue bonds to 'BBB' from 'BBB+'. --$85,515,000 electric system revenue refunding bonds, 2012 series ... SECURITY The bonds are secured by a first lien on net revenues of the Sikeston Board of Municipal Utilities (BMU) including wholesale revenues from power sales contracts (PSCs) with four municipal offtakers ... ....

Fitch Downgrades Sikeston, MO's Electric Revs to 'BBB'; Outlook Remains Negative (Fitch Inc)

Edit Public Technologies 17 Jun 2016
The bonds are secured by a first lien on net revenues of the Sikeston Board of Municipal Utilities (BMU) including wholesale revenues from power sales contracts (PSCs) with four municipal offtakers ... Half of total capacity is sold pursuant to long-term, take-or-pay power sales contracts (PSCs) with four solid municipal offtakers and a sizeable one-third of the total is sold on a spot basis, which is unusual for a municipal utility....

Simba Announces Closing Of Private Placement And Kenya Operations Update (Simba Energy Inc)

Edit Public Technologies 16 Jun 2016
(Source. Simba Energy Inc). SIMBA ANNOUNCES CLOSING OF PRIVATE PLACEMENT. AND KENYA OPERATIONS UPDATE. June 15, 2016, Vancouver, British Columbia - Simba Energy Inc ... SMB) (Frankfurt. GDA) (CQX ... provides investors with well positioned exposure to oil and gas exploration in key areas of Africa with active onshore production sharing contracts ('PSCs') in Kenya and Guinea and PSCs under continuing negotiation in Chad, Liberia and Ghana ... (noodl....
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