Maurel & Prom announces results of Kama-1 well in Gabon

first_imgThe well encountered several series of oil shows between 1,865 and 2,701 metres (total depth of the well) in the Kissenda formation Maurel & Prom announces the completion of drilling operations on the Kama-1 exploration well on the Kari licence in south Gabon. (Credit: C Morrison/Pixabay) Maurel & Prom (Euronext Paris: MAU, ISIN FR0000051070, “M&P”) announces the completion of drilling operations on the Kama-1 exploration well on the Kari licence in south Gabon.The well encountered several series of oil shows between 1,865 and 2,701 metres (total depth of the well) in the Kissenda formation, main objective of the drilling, and a sample of 35° API oil has been collected.However the mediocre quality of the reservoirs did not justify a commercial test.The drilling nevertheless confirms the presence of an active petroleum system in the region. It also provided additional data which will be helpful for the continuation of exploration activities in the area, and in particular for the definition of the second well. Source: Company Press Releaselast_img read more

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OnTheMarket threatens legal action against original ‘action group’ member over £24k ‘debt’

first_imgHome » News » Agencies & People » OnTheMarket threatens legal action against original ‘action group’ member over £24k ‘debt’ previous nextAgencies & PeopleOnTheMarket threatens legal action against original ‘action group’ member over £24k ‘debt’Exclusive: Estate agency in London says it has received a letter from OTM’s solicitor demanding payment for outstanding fees three-and-a-half years after it cancelled its original contract.Nigel Lewis30th October 201902,171 Views A worried London estate agency has contacted The Negotiator to reveal that OnTheMarket is chasing it for £24,000 in unpaid portal fees which, OTM claims, it owes after the agency cancelled its five-year OTM contract back in 2016.Cubix Estate Agents in SE London was part of the original 100-agent strong OnTheMarket Action Group that fought the portal over pricing promises made about fees to early adopters.Cubix claims these promises were broken and that it does not owe OnTheMarket for the fees due for the remainder of the original contract. In the past OnTheMarket has denied it made any ‘misrepresentations in regard to pricing policy during this period’.Cubix is now calling for any other agents within the industry who are facing similar financial demands from OnTheMarket to get in touch to explore whether another action group can be formed.Five-year dealOn joining the portal in 2015 and signing a five-year deal, Cubix claims it was promised that its OnTheMarket subscription fees would always be equal to or lower than members who joined at a later date.“We were a start-up company then so you don’t how well it might go so we didn’t want to join the other big portals,” says Raste Khan, Sales and Letting Director at Cubix (left).“After trialling its service, we signed up with OnTheMarket on a five-year contract but after a year-and-bit it was obvious that the portal was offering other agents better – or free – deals.“So we got on board with the action group and told OnTheMarket that we were leaving and at the time they stopped chasing everyone.“But now we’ve been contacted by a solicitor about what they claim is an outstanding debt, but have offered to wipe it if we re-join.”If they don’t rejoin, Khan claims the legal letter threatens his company with legal action over the £24,000 debt after, OnTheMarket says, Cubix broke its original contract.“Their whole ethos used to about being different from Rightmove and Zoopla and not increasing prices and allowing agents to have their say, but we’ve lost respect for them in what they were originally trying to do; they’re just another company now.”OTM responseA spokesperson for OnTheMarket said: “We do not discuss confidential contractual issues with individual agents.” But the portal has requested that readers note a recent comment made within its annual report (see below).The Group has a number of customers who are not paying their contractually committed listing fees. The majority of these chose to breach the One Other Portal rule in their listing agreements and their properties were removed from the portal some time ago. Under IFRS 15 these amounts are not recognised as revenues. It is the intention of the Company to engage with these customers in due course, to seek either payment of both fees outstanding and further fees as they fall due or to reach a compromise position such that historic debts are held in abeyance and potentially waived in the future in return for entering, and honouring, a new long-term listing agreement with the Company.Agents who want to contact Cubix should email Raste Khan or call him on 0203 582 8710. OnTheMarket OnTheMarket Action Group October 30, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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A POLITICALLY INCORRECT LOOK AT JULY’S ‘STRONG’ LABOR REPORT

first_imgBy Joe GuzzardiWall Street gushed when the Bureau of Labor Statistics announced that the July economy created 255,000 new jobs. The most effusive review may have come from the head of U.S. economics at Bank of America Merrill Lynch. Quoted in a New York Times story, a representative said that the BLS data was “everything you could have asked for, maybe more.” The July data may look rosy to stock market players, but the underlying jobs picture is, in reality, frighteningly bad and offers scant hope for the near-term future.Scrutinizing the types of jobs the economy created among the lucky 255,000 paints an entirely different picture than the one Wall Street touted. More than 200,000 of July’s new jobs are in the low-paying service sector, and many are involuntary temporary or part-time positions. About 75 percent of part-time workers live in poverty or close to it. Furthermore, the employment-age population grew 225,000 in July, so the low-paying jobs didn’t keep up with population growth.The boom in service sector hiring accelerated in 2009. Joanie Courtney, senior vice president at Monster Worldwide, told a Fox News panel that since President Obama took office, more than 90 percent of all jobs created have been service-related. Over at the blog site Zero Hedge, there is an eye-popping take on the extent of the labor market’s true weakness: since 2014, half a million waiter and bartender jobs have been created, but no manufacturing jobs. Zero Hedge notes that since 2011, when the employment-population ratio for workers with less than a high school diploma bottomed, that sector in 2016 has regained its employment losses. But the employment-population ratio for high school or college graduates, eight of nine American adults, has been stagnant for four years.The takeaway: the so-called jobs recovery has been propelled by cheap labor employees, some of whom have to work multiple jobs —- and are counted multiple times in the payroll BLS report —- to pay for basic household necessities.Now for the maximum in political incorrectness, look at who’s getting those low-paying service jobs. The answer is found in the alternate household survey, and not the headline-making, buzz-creating payroll survey. The household survey includes demographic information on the foreign-born working population, and shows that from July 2015 to July 2016, the foreign-born labor force increased five times more than the American-born workforce.More currently, in the last two months, immigrants have gained 647,000 jobs —- a 2.6 percent increase, while Americans workers have lost 160,000, a 0.1 percent loss. Going back to the Obama administration’s first days, immigrant employment has risen 4.6 times faster than American employment, and total employed immigrants now comprise 17 percent of the labor market versus 15 percent eight years ago.These payroll and household statistics are taken directly from federal websites, and easily available to interested parties. For those who’ve been paying attention to auto-pilot immigration —- about one million work-authorized, permanent resident legal immigrants are added each year regardless of the nation’s economic conditions or needs —- American worker displacement doesn’t surprise. Assuming the million annual immigrants will keep coming, a safe bet, and that automation will play an increasingly prominent role in the leisure industry, especially in those popular bartending and table-waiting jobs, only the most optimistic can see a bright future for workers, save for those with advanced degrees in specialized fields.FacebookTwitterCopy LinkEmailSharelast_img read more

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Ainsleys is forced to call in administrators

first_imgAinsleys of Leeds has been forced to call in the administrators after attempts to find a buyer for the struggling business failed. The 29-shop family bakery firm employs 263 full and part-time staff, and approximately 30 temporary agency workers, across its shops, the bakery in Sheepscar, Leeds, and its van sales operation.Joint administrator Joe McLean, a partner at Grant Thornton in Leeds, told British Baker that the business had been trading in difficult circumstances for some time, with declining retail sales and increased competition in the marketplace.He said that despite the efforts of the directors to change its offering and restructure to adapt to changing market conditions, the company found itself unable to continue.“It had been looking for interested parties over the last months, to try and find a buyer. Ultimately the prospective purchasers with whom they were engaged were unable to proceed, so they were left with no option but to call in the administrators (on Friday 6 November).”In a statement released by Grant Thornton, McLean added: “The administrators intend to continue trading the business and will be making contact with those same parties and others in an effort to find a purchaser for all or part of the operation.”General manager James Ainsley said that, along with the Ainsley family and company directors, he wished to acknowledge the support, hard work and loyalty of the staff over the years, “particularly through the recent challenging times”.Established in 1938, Ainsleys produces a range of breads, cakes, sandwiches and savouries.last_img read more

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Press release: Rolls Royce seals deal at UK-Lebanon Business & Investment event

first_img Our relationship with Lebanon is hugely important – covering security, the economy and aid to support it with its refugee crisis – and today’s Forum is a vital moment to support Lebanon and celebrate our strong trade and investment links. A stable and prosperous Lebanon is vital for the wider security and stability of the Middle East. I look forward to the opportunity of discussing our ambitious reform and capital investment program with leaders of the UK business community. International Trade Secretary Dr Liam Fox said: This is great news for British business – and the largest UK-Lebanon trade deal in recent history demonstrates the strength of our ties. This program entails a large participation by the private sector, and I hope today’s agreement between MEA and Rolls Royce opens the way for an increase in partnership between our two countries. Just last month we welcomed the launch of a unique partnership between the UK and Lebanon: the new London Stock Exchange Group’ ELITE programme for helping Lebanese businesses attract global investors. The Forum will focus on elaborating the Government of Lebanon’s Vision for Stabilisation, Growth and Employment, announced at the CEDRE conference in Paris earlier this year. The UK welcomes the recommitment to this CEDRE economic reform vision, with its focus on improving the ease of doing business, tackling corruption, reforming the electricity sector and putting the country on a sustainable fiscal path The relationship between the UK and Lebanon has never been stronger. British companies have supported infrastructure development in the country, the UK has provided assistance to the Lebanese Armed Forces and investment to help create jobs. Total trade between the countries currently stands at £586m a year, with British exports making up the vast majority of this.There is already a thriving UK business scene in Lebanon. The Port of Beirut is the busiest port in the Eastern Mediterranean thanks to the Beirut Container Terminal Consortium, a joint venture with Mersey Docks and Harbour UK. And, more Jaguars and Land Rovers are sold per head in the country than anywhere else in the world.Today’s event aims to develop this relationship further in the context of transitioning to a new bilateral agreement with Lebanon as the UK leaves the European Union. Speakers include FCO Middle East Minister Alistair Burt, and Her Majesty’s Trade Commissioner Simon Penney.Prime Minister Hariri and the Lebanese delegation will meet with the DIT and DFID Secretaries of State and HRH the Prince of Wales, making this the most senior bilateral interaction in recent years.Further Info:center_img Senior Cabinet Ministers, including International Trade Secretary Dr Liam Fox and International Development Secretary Penny Mordaunt, will meet with Lebanese PM Saad Hariri, as he leads a delegation to the inaugural UK-Lebanon Business Investment Forum in London today.The event saw a deal signed between Rolls Royce and Middle East Airlines (MEA), who have announced that the Airbus A330-900 will be the face of a new fleet of aircraft. The deal will see the British company providing support for the Trent 7000 engines which power the Airbus aircraft. The combined value of the engines and services to Rolls-Royce is approximately $300 million.The economic relationship between UK and Lebanon is growing stronger, with a range of significant opportunities opening up for British companies in recent months. Lebanon’s $23bn Capital Investment Programme, with more than 200 projects in transport, power-generation and water supply is open for UK companies to bid on.Foreign Secretary Jeremy Hunt said: Prime Minister Designate of Lebanon Saad Hariri said: Rolls Royce signs $300 million deal with Middle East Airlines to provide engines and support to new fleet of aircraft More than 200 Lebanese contracts open for UK companies to bid on Lebanese PM Saad Hariri to meet with Cabinet Ministers during visit I’m delighted to see so many opportunities for British businesses in Lebanon, and my international economic department stands ready to assist any business that wants to expand or start their export operation to the country with strong package of support. Today’s Forum comes as the UK looks to broaden its trading relationships around the world, as we take control of our independent trade policy for the first time in 40 years.last_img read more

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Commissioners approve budget after reverting pay cut

first_imgFARMINGTON – Franklin County commissioners sent a $6.79 million budget back to the Budget Committee Tuesday morning, opting to revert a reduction in commissioner pay.Commissioners Charlie Webster of Farmington and Terry Brann of Wilton moved to add $6,000 back into the County Commissioners’ cost center, a $130,171 budget that covers costs associated with the county’s administration. Webster made the motion to add back the $2,000 to all three commissioners’ salary lines for 2020-20, reverting a change made by the committee at their meeting last Wednesday. The committee had proposed cutting commissioner pay from $12,000 per year down to $10,000.“I find the whole thing very petty,” Webster said of the process. He thanked some of the committee members, but said others didn’t bother to evaluate the budget and only wanted to add money. Commissioners had made several budgetary reductions over the past few years, Webster said, including phasing out Program & Grant funding, leaving the Androscoggin Valley Council of Governments and the Maine County Commissioners Association. The commissioners had saved the county $800,000 to $1 million over the past four years, Webster said.The budget process had become “political,” Webster said, adding that he had become frustrated by the process.Brann agreed with Webster in supporting the motion. Commissioner Clyde Barker of Strong, who has health issues, was not at Tuesday’s meeting. Brann did note that Barker had attended last week’s budget meeting and had been unhappy with the proposed decrease.Commissioners declined to further change two other committee alterations. The committee had removed roughly $7,000 for a part-time employee at the commissioners’ office, a change made with the approval of County Clerk Julie Magoon. A second change made by the committee, setting the treasurer’s salary at $12,000 and eliminating the purchase of a time clock, was also left in place by commissioners.The committee will only be addressing commissioner changes at their final meeting this year, specifically adding $6,000 back into the commissioners’ budget. A two-thirds majority of the committee would be required to veto the commissioners’ change.last_img read more

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Fleetwood Mac Announces 50-Date Tour, Comments On Lindsey Buckingham Split

first_imgToday, Fleetwood Mac has officially announced their plans for an extensive North American tour beginning in October of this year in Tulsa, OK and stretching through April of 2019. The band lineup for the 50-plus city tour will feature Mick Fleetwood, John McVie, Stevie Nicks, and Christine McVie in addition to newcomers Mike Campbell (Tom Petty and the Heartbreakers) and Neil Finn (Crowded House).The band announced earlier this month that they were parting ways with their longtime guitarist and vocalist Lindsey Buckingham. In an interview with Rolling Stone published today, Stevie Nicks explains that the split came down to disagreements about scheduling priorities. Says Nicks:We were supposed to go into rehearsal in June and he wanted to put it off until November [2019]. … That’s a long time. I just did 70 shows [on a solo tour]. As soon as I finish one thing, I dive back into another. Why would we stop? We don’t want to stop playing music. We don’t have anything else to do. This is what we do. …Our relationship has always been volatile. … We were never married, but we might as well have been. Some couples get divorced after 40 years. They break their kids’ hearts and destroy everyone around them because it’s just hard. This is sad for me, but I want the next 10 years of my life to be really fun and happy. I want to get up every day and dance around my apartment and smile and say, “Thank God for this amazing life.”Adds Fleetwood in the Rolling Stone article when asked why he the band seemed to be avoiding the use of the word “fired” with regard to Buckingham’s departure:Words like ‘fired’ are ugly references as far as I’m concerned. … Not to hedge around, but we arrived at the impasse of hitting a brick wall. This was not a happy situation for us in terms of the logistics of a functioning band. To that purpose, we made a decision that we could not go on with him. Majority rules in term of what we need to do as a band and go forward.The band also reportedly felt immediate chemistry with their new substitutes. After a couple days workshopping the band’s material, “I immediately felt like I’d known them for years,” says McVie, “even though we’d only just met.”See below for a full list of upcoming Fleetwood Mac tour dates. For more information, head to the band’s website.Fleetwood Mac North American Tour Dates:October 3 – Tulsa, OK @ BOK CenterOctober 6 – Chicago, IL @ United CenterOctober 10 – Louisville, KY @ KFC Yum! CenterOctober 12 – Lincoln, NE @ Pinnacle Bank ArenaOctober 14 – Des Moines, IA @ Wells Fargo ArenaOctober 16 – Indianapolis, IN @ Bankers Life FieldhouseOctober 18 – Kansas City, MO @ Sprint CenterOctober 20 – St. Louis, MO @ Scottrade CenterOctober 22 – St. Paul, MN @ Xcel Energy CenterOctober 26 – Cleveland, OH @ Quicken Loans ArenaOctober 28 – Milwaukee, WI @ Wisconsin Entertainment and Sports CenterOctober 30 – Detroit, MI @ Little Caesars ArenaNovember 1 – Pittsburgh, PA @ PPG Paints ArenaNovember 3 – Ottawa, ON @ Canadian Tire CentreNovember 5 – Toronto, ON @ Air Canada CentreNovember 7 – Columbus, OH @ Nationwide ArenaNovember 10 – Edmonton, AB @ Rogers PlaceNovember 12 – Calgary, AB @ Scotiabank SaddledomeNovember 14 – Vancouver, BC @ Rogers ArenaNovember 17 – Tacoma, WA @ Tacoma DomeNovember 19 – Portland, OR @ Moda CenterNovember 21 – San Jose, CA @ SAP Center at San JoseNovember 23 – Sacramento, CA @ Golden 1 CenterNovember 25 – Oakland, CA @ Oracle ArenaNovember 28 – Phoenix, AZ @ Talking Stick Resort ArenaNovember 30 – Las Vegas, NV @ T-Mobile ArenaDecember 3 – Denver, CO @ Pepsi CenterDecember 6 – Fresno, CA @ Save Mart CenterDecember 8 – San Diego, CA @ Viejas ArenaDecember 11 – Inglewood, CA @ The ForumDecember 13 – Inglewood, CA @ The ForumFebruary 5, 2019 – Houston, TX @ Toyota CenterFebruary 7 – Dallas, TX @ American Airlines CenterFebruary 9 – Austin, TX @ Frank Erwin CenterFebruary 13 – Birmingham, AL @ Legacy Arena at The BJCCFebruary 16 – New Orleans, LA @ Smoothie King CenterFebruary 18 – Tampa, FL @ Amalie ArenaFebruary 20 – Ft. Lauderdale, FL @ BB&T CenterFebruary 22 – Columbia, SC @ Colonial Life ArenaFebruary 24 – Charlotte, NC @ Spectrum CenterFebruary 27 – Nashville, TN @ Bridgestone ArenaMarch 3 – Atlanta, GA @ Philips ArenaMarch 5 – Washington, DC @ Capital One ArenaMarch 9 – Atlantic City, NJ @ Boardwalk HallMarch 11 – New York, NY @ Madison Square GardenMarch 13 – Newark, NJ @ Prudential CenterMarch 15 – Hartford, CT @ XL CENTERMarch 20 – Albany, NY @ Times Union CenterMarch 24 – Baltimore, MD @ Royal Farms ArenaMarch 26 – Buffalo, NY @ KeyBank CenterMarch 31 – Boston, MA @ TD GardenApril 5 – Philadelphia, PA @ Wells Fargo CenterView All Tour Dates[H/T Rolling Stone]last_img read more

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TAUK Dazzles Santa Cruz’s Catalyst With Support From Exmag [Photos]

first_imgPhoto: Josh Huver On Friday night, Oyster Bay, NY instrumental rockers TAUK slid into The Catalyst in Santa Cruz, CA. The jazzy, synth supported, drum-beat driven tour de force that is TAUK can be hard to pin down, but the eccentric combination fits Santa Cruz like a glove. Exmag helped opened the show, with a well-received set. In the 30 minutes between the end of Exmag’s set and the start of TAUK’s, the fan-count more than doubled. TAUK opened the show with the familiar groove of “Mokumba” from 2014’s Collisions. “Sweet Revenge (of Weenus)” followed, from the same release. The opening one-two punch spanned over 20-minutes and got the Catalyst room heating up. “Premises”, one of the tracks off TAUK’s 2018 EP Shapeshifter I: Construct followed, played out well with an almost reggae vibe that was quickly swallowed in a flurry of high energy, emerging again only at the end of the song. The full length counterpart to the EP, Shapeshifter II: Outbreak, was featured next with the new track “Pitter Pattern”. The quartet then dropped into “Realize”, a bonus recording from 2016’s Sir Nebula sessions that the band released on April 21, 2017. TAUK returned with another Collisions pairing, with “On Guard” and “Tumbler”. “On Guard” featured an otherworldly middle section that nearly brought the once lively room to an awe-inspired standstill, momentarily catching the room off guard.Always ready for a unique take on any cover, TAUK opted for a John Lennon original over a full Beatles track, treating the room to a version of “Jealous Guy”. “For Laughing Out Loud”, another track from the EP Shapeshifter I: Construct concluded the newly released tracks that TAUK brought to Santa Cruz. They ended the set with “Afro-Tonic” and “Friction”, two older, tried and true fan favorites. For their encore, TAUK returned with “Dirty Mouth” and the appropriately titled closer “Time’s Up”, the lone (proper) representation of 2016’s Sir Nebula.For a full list of TAUK’s upcoming tour dates and ticketing information, head to the band’s website here.Check out a gallery of photos from the show courtesy of photographer Josh Huver below.Setlist: TAUK | The Catalyst | Santa Cruz, CA | 10/26/2018Set: Mokuba, Weenus, Premises, Pitter Pattern, Realize, On Guard, Tumbler, Jealous Guy, FLOL, Afro-Tonic, FrictionEncore: Dirty Mouth, Time’s UpTAUK | The Catalyst | Santa Cruz, CA | 10/26/2018 | Photos: Josh Huver Load remaining imageslast_img read more

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Congrats to Steven Pasquale as The Robber Bridegroom Officially Opens

first_img Show Closed This production ended its run on May 29, 2016 The Robber Bridegroom About the Artist: With a desire to celebrate the magic of live theater and those who create it, and with a deep reverence for such touchstones as the work of Al Hirschfeld and the wall at Sardi’s, Squigs is happy and grateful to be among those carrying on the traditions where theater and caricature meet. He was born and raised in Oregon, lived in Los Angeles for quite a long time and now calls New York City his home. Off-Broadway audiences are transported to the Natchez Trace in Mississippi in The Robber Bridegroom, which will officially open on March 13. Directed by Alex Timbers, Alfred Uhry and Robert Waldman‘s musical comedy is playing at the Laura Pels Theatre in the Harold and Miriam Steinberg Center for Theatre.To celebrate, Broadway.com resident artist Justin “Squigs” Robertson penned the above portrait of the the most beguiling con men, hucksters and charlatans you’ll ever meet. There’s Steven Pasquale as Jamie Lockhart, Leslie Kritzer as Salome, Andrew Durand as Little Harp, Evan Harrington as Big Harp, Greg Hildreth as Goat, Ahna O’Reilly as Rosamund, Nadia Quinn as Raven, Lance Roberts as Clement Musgrove and Devere Rogers as Airie.Broadway.com wishes the The Robber Bridegroom team a happy opening—we’re sure the Roundabout revival will steal New York’s heart once again! Related Shows View Comments © Justin “Squigs” Robertsonlast_img read more

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