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Update on proposed merger with Chrysaor and change of name

first_img Premier reorganising its existing debt and cross currency swaps. (Credit: Linus Schütz from Pixabay.) Premier today provides an update on the proposed all share merger between Premier and Chrysaor Holdings Limited (“Chrysaor” and, following completion, the “Combined Group”) and the reorganisation of Premier’s existing debt and cross currency swaps (the “Transaction”). Premier also issues an update on its and Chrysaor’s trading and operational activities for the first 11 months of the year and reports 2021 guidance for both companies.A live webcast and conference call for analysts and investors will be held on Thursday 17 December 2020 at 11am (GMT), the details of which can be found on Premier’s website (www.premier-oil.com).Publication of a shareholder circular and prospectusPremier is pleased to announce that a shareholder circular (the “Circular”) and prospectus (the “Prospectus”) in relation to the Transaction are expected to be published later today, subject to FCA approvals, and that the General Meeting of Premier’s shareholders to approve the Transaction has been scheduled for 12 January 2021.The publication of the Circular and Prospectus marks an important milestone for the Transaction which is expected to complete by the end of the first quarter of 2021, as previously guided.On completion of the Transaction, Premier will be renamed Harbour Energy plc (“Harbour Energy”).Board and managementAs previously announced, it is anticipated that the Board of Harbour Energy will comprise 11 directors: six independent non-executive directors, two non-executive directors appointed by funds managed by EIG Global Energy Partners (“EIG”) and three executive directors.Blair Thomas, currently CEO of EIG, will be the Chairman of the Combined Group from completion. Blair has over 30 years’ experience in the investment management business, with a focus on energy and energy-related infrastructure and extensive management and board experience.As previously announced, Linda Cook will be CEO of Harbour Energy and Phil Kirk will be President and CEO Europe from completion. It is expected that a new Chief Financial Officer will be identified prior to completion of the merger.Harbour Energy will be the largest London-listed independent oil and gas company by production and reserves. It will be a resilient business with competitive operating costs. The Combined Group will have a lower carbon intensity than the average UK oil and gas producer, with targets in place for further improvements, and a commitment to achieving ‘Net Zero’ greenhouse gas emissions by 2035.The Combined Group will have a cash generative, diversified UK business of scale with a significant operated position. It will have a broad set of international growth opportunities with the financial flexibility and capacity to realise value from a top-tier development and exploration portfolio in addition to disciplined M&A.Harbour Energy will have a strong balance sheet. In addition, the Combined Group is expected to generate sufficient free cash flow to support shareholder returns including via a sustainable dividend which, subject to market conditions and Board approval, is expected to be introduced with respect to the financial year ending December 2021.ERCE Equipoise Ltd (“ERCE”) Competent Person’s Report (“CPR”)ERCE has prepared an independent CPR on the Chrysaor assets, which will be included in full in the Prospectus that is expected to be published later today. At 30 June 2020, ERCE has certified that Chrysaor had 491 mmboe of 2P reserves and 388 mmboe of 2C resources. These numbers do not include Premier’s 2P reserves or 2C resources.Conditions to closing and timetableThe Transaction is subject, amongst other things, to Premier shareholder and creditor consents and regulatory approvals. The General Meeting for Premier’s shareholders to approve the Transaction has been scheduled for 12 January 2021.As previously announced, Premier has received the requisite level of creditor support for the Transaction and, immediately after the Prospectus is published, expects to launch the restructuring plan processes through the issuance of a practice statement letter. To date, European Commission merger control clearance has been received and regulatory approval from the Norwegian MPE has been, conditionally, received. Source: Company Press Release Harbour Energy will be the largest London-listed independent oil and gas company by production and reserveslast_img read more

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First Night Admission Discount Extended Through Friday

first_imgA $5 discount on all-inclusive admission buttons for Ocean City’s 2015 First Night celebration has been extended through Friday, Dec. 5.The price of buttons goes up to $20 this year, but if you make your purchase by Friday, the buttons are available at last year’s price: $15. The original deadline for the discount had been Nov. 30. There are a number of ways to purchase buttons.Online: Purchase First Night buttons online at firstnightocnj.com.By phone: Call 609-399-1412.In person: Buttons can be purchased at the Welcome Center on the Route 52 causeway.Ocean City will host its popular family-oriented nonalcoholic New Year’s Eve celebration for the 23rd time on Wednesday, Dec. 31.The admission buttons are good for about 70 different entertainment shows and activities at 16 different venues in Ocean City. The evening ends with a midnight fireworks display visible from the beach and boardwalk.________See the full First Night entertainment schedule.________The event includes outdoor rides, ice-skating and a wide array of entertainment for all ages. See descriptions of the different programs. The schedule runs continuously from 4 p.m. to midnight.The Taste of the Shore at Ocean City High School offers samples from the city’s and region’s finest restaurants. Tickets are $21 Adults/$9 Children.The two-day First Night/First Day celebration has become a highlight of Ocean City’s event calendar, and is typically attended by more than 8,000 people.First Day events on Thursday, Jan. 1, 2015, include a 5-kilometer run and a polar plunge.last_img read more

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moe. Announces Two Nights At Saranac Brewery With Aqueous, Moon Hooch, Darryl Rahn

first_imgmoe. has added two fall tour dates to their ever-growing 2018 schedule. The perennial jammers will officially return to Saranac Brewery in Utica, New York on September 7 & 8, 2018. On Friday night of the run, moe. will be joined by fellow Buffalo rockers Aqueous, and Moon Hooch and Darryl Rahn will join the fun on Saturday.A limited number of VIP packages are available and include a brewery tour guided by the members of moe. with a post-tour beer and acoustic performance by the band. VIP tickets will be available at here alongside an online presale for general admission tickets as of Wednesday, May 9 at 10am ET. The public on sale will begin at 10am ET on Friday, May 11. Head to the band’s website for more information.In addition to their forthcoming summer tour, moe. will headline the 18th installment of Summer Camp Music Festival at Three Sisters Park in Chillicothe, IL with six sets over the course of the Memorial Day weekend. They will also make stops throughout California, including Santa Cruz, Solana Beach and Los Angeles, before heading east towards The Waiting Room Outdoors in Omaha, NE on July 13, The Truman in Kansas City, MO on July 14, and the Tippecanoe County Amphitheatre in Lafayette, IN. The band will also return to Runaway Bay, Jamaica for the third installment of moe.’s tropical throe.down Jan. 10 – 14, 2019.moe. 2018 Tour DatesApr. 20 Lincoln Theatre Washington, DCApr. 21 Down by Downtown Fest Roanoke, VAApr. 22 Pisgah Brewing Co. Black Mountain, NCApr. 24 Wellmont Theatre Montclair, NJApr. 26 & 27 Higher Ground Burlington, VT *SOLD OUTApr. 28 Calvin Theatre Northampton, MAMay 25 – 27 Summer Camp Music Fest Chillicothe, ILJun. 3 Music on the Mothership Taos, NMJun. 29 & 30 Terrapin Crossroads San Rafael, CA *w. special guest Phil LeshJul. 1 Terrapin Crossroads San Rafael, CA *w. Terrapin Family BandJul. 3 The Catalyst Santa Cruz, CAJul. 4 & 5 Belly Up Solana Beach, CAJul. 6 Fonda Theatre Los Angeles, CAJul. 7 Pappy & Harriet’s Pioneertown, CAJul. 11 Belly Up Aspen, CO *acoustic showJul. 12 Red Rocks Amphitheater Morrison, CO *w. Pigeons Playing Ping PongJul. 13 Waiting Room Outdoors Omaha, NEJul. 14 The Truman Kansas City, MOJul. 15 The Pageant St. Louis, MOJul. 18 Tippecanoe Amphitheater Lafayette, INJul. 19 Goodyear Theater Akron, OHJul. 19 – 21 Peach Music Fest Scranton, PASeptember 7 – 8 Saranac Brewery Utica, NY *w/ Aqueous, Moon Hooch, Darryl Rahnmoe. 2019 Tour DatesJan. 10 – 14 moe.’s tropical throe.down Runaway Bay, Jamaica *w/ New MastersoundsView All Tour Dateslast_img read more

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Six Harvard affiliates receive Damon Runyon fellowships

first_imgThe Damon Runyon Cancer Research Foundation, a nonprofit organization focused on supporting exceptional early-career researchers and innovative cancer research, has selected six Harvard affiliates to receive Damon Runyon fellowships.The 18 total recipients of this prestigious three-year award are outstanding postdoctoral scientists conducting basic and translational cancer research in the laboratories of leading senior investigators across the country. The fellowship encourages the nation’s most promising young scientists to pursue careers in cancer research by providing them with independent funding ($156,000 each) to work on innovative projects. The recipients were announced at the Damon Runyon Cancer Research Foundation’s spring Fellowship Award Committee review.The fellows and their areas of studies are listed below:Niels Bradshaw, with his sponsor Richard M. Losick, at Harvard University, is studying the regulation of an enzyme called protein phosphatase that acts in specific cells to promote cellular differentiation. Protein phosphatases are required for many processes, including cell growth, division, differentiation, and stress adaptation. Bradshaw hopes that understanding phosphatase regulation will clarify the role of these enzymes in cancer and potentially aid in the development of anti-cancer therapies that target phosphatases.Sujun Hua, with his sponsor Ronald A. DePinho, at Harvard-affiliated Dana-Farber Cancer Institute, aims to complete a comprehensive, genomewide assessment of regulatory networks governing self-renewal and fate-determination programs in normal and malignant neural stem cells. Tumor progression of certain tumor types, including glioblastoma, depends on a subpopulation of cells within the tumor called tumor stem cells. Understanding the shared and distinct features of normal and malignant stem cells is critical to develop novel therapies that selectively target tumor stem cells but spare their normal counterparts.Kristin A. Krukenberg, with her sponsor Timothy J. Mitchison, at Harvard Medical School (HMS), is studying the role of a molecule called poly(ADP-ribose) in cell division and mitotic spindle formation. By understanding poly(ADP-ribose) function and regulation in both cancer and noncancer cells, she will investigate new avenues for the design of more effective and selective cancer therapeutics.John R. Lydeard, with his sponsor Jeffrey W. Harper, at HMS, is interested in studying how proteins are targeted for destruction. Defects in maintaining the balance between newly made proteins and those to be destroyed are often linked with cancer progression. Better understanding of how these processes are regulated will help to develop more effective anticancer therapeutics.Ian Y. Wong, with his sponsors Mehmet Toner and Daniel Irimia, at Harvard-affiliated Massachusetts General Hospital, is developing a new experimental platform for characterizing how cancer cells migrate in response to biochemical signals and 3-D structural architectures. This approach may yield novel insights into how malignant cancer cells invade, which would aid the development of anti-metastatic therapies.Dong Yan, with his sponsor Norbert Perrimon, at HMS, is aiming to generate profiles of phosphorylation for each kinase and phosphatase enzyme in the genome, and to relate these profiles to their in vivo functions during development. Given the large number of kinase mutations associated with various cancers, understanding the phosphorylation network could prompt treatment tailored to aberrant signaling of specific pathways.To read the full release.last_img read more

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Senior talks offer last word

first_imgAddressing an audience of students and staff during Morning Prayers in the Memorial Church, Jillian Lubetkin ’13 recalled how, earlier in her life, dancing made up her entire identity. “Dancing was what I did,” she said. “It was who I was.”But when she was a senior in high school, that intuitive ability began slipping away. Diagnosed with postural orthostatic tachycardia syndrome, an autonomic nerve system condition, Lubetkin was “robbed of her passion,” and became “a girl who danced no more.”Deferring her first year at Harvard, Lubetkin initially despaired when she realized she was now a “former” dancer. But while she may no longer be able to perform, Lubetkin said choosing to let go of that former self, while still celebrating that former identity, allowed her to reconnect with the creative spirit that made her want to dance in the first place.“My passion for free and authentic expression — that very passion which attracted me to dance in the first place — still lives,” she said, during the first in a series of “Senior Talks” on April 30.“Life will make ‘formers’ out of all of us at some point,” she said, adding that it would be reductive to suggest that loss is a gift. “But I can say that letting go … bestows upon us the freedom to sculpt new selves.”The Adams House resident’s inspiring story was the first of the 13 “Senior Talks” scheduled during Morning Prayers, held at 8:45 a.m. Monday through Saturday in the Memorial Church.Nathaniel Katz, Epps Fellow at the Memorial Church, said that although undergraduates often speak at Morning Prayers, the “Senior Talks” series gives seniors the opportunity to reflect upon their time at Harvard.In a Morning Prayers address the day before “Senior Talks” began, Katz, who coordinated the series, said that it evolved out of discussions with seniors in an effort to help them say goodbye to Harvard and return to “the big real world.”“This year, these questions hold special importance for me because, like our seniors, I am preparing to say goodbye to this extraordinary place,” said Katz, whose fellowship at the church is coming to an end. By saying goodbye, Katz said, we acknowledge and show gratitude for the impact we have on one another’s lives: both for the ways in which others have changed us, and the ways in which we have changed them.“These 13 mornings will provide an opportunity for wisdom to be passed down from seniors to underclassmen, and for the entire campus to celebrate the contributions of the Class of 2013 to our Harvard community,” Katz said. “We’re hoping that each House will bring its unique spirit to the Porch for all to experience and enjoy.”The “Senior Talks” initiative follows the recent inauguration of the steps of Memorial Church as the Porch, a new common space dedicated to “the grace that comes from simply spending time in community,” Katz added.One senior from each of Harvard’s Houses will speak over the next several days. The May 9 speaker is Fred-Ivo Baca of Leverett House. The talks conclude with Cassandra Thomson of Winthrop House on May 16. For a full list of speakers, visit the Memorial Church’s website.last_img read more

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Tickets on Sale Now for The Belle of Amherst Off-Broadway

first_img In The Belle of Amherst, Emily Dickinson’s poems, diaries and letters are woven into an illuminating portrait of the prolific wordsmith. Dickinson’s encounters with close friends and family and her often-amusing observations come to life on stage. The play originally premiered on Broadway in 1976. Tickets are now on sale for the off-Broadway revival of The Belle of Amherst, William Luce’s one-woman-play that captures the revered career and private life of poet Emily Dickinson. The production, starring stage and screen star Joely Richardson and directed by Steve Cosson, will begin on October 7 at the Westside Theatre. View Commentscenter_img The limited engagement will open officially on October 19 and run through January 25, 2015.last_img read more

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Pecan Drought

first_imgDry weather had already hurt the Georgia pecan crop before the season began. And thingscould worsen quickly without a break in the summer drought, said a University of Georgia expert.”The dry weather has definitely hurt pecan trees,” said Tom Crocker, an ExtensionService horticulturist with the UGA College ofAgricultural and Environmental Sciences. “The trees need a lot of water todissipate all this heat. And they’re having to use up stored energy.”Crocker said last year’s hot, dry July and August caused the state’s trees to set amuch smaller crop of nuts than they might have. The crop has been estimated at 58 millionpounds.The pecan crop varies from year to year, but a 58 million-pound crop would be thestate’s smallest since 1992. Georgia produced 150 million pounds in ’93.”That smaller crop of nuts actually makes it a little easier on the trees than itwas last year,” he said. “They don’t have that big crop of nuts to develop. Butwe’ve still got to have some rain.”Each tree’s crop of nuts has been set since May, Crocker said. “They’re startingto size up now,” he said. “July, August, September and October are criticalwatering times for pecan trees.”The pecans are growing longer now, he said. The next sizing step is to fill out thenuts’ circumference. At each stage, the tree needs water to produce quality pecans.About 60 percent of the state’s commercial pecan trees are irrigated. “We can getenough water to them if our water sources don’t dry up,” he said. The other 40percent depend on rain.Commercial growers need to be taking leaf samples and soil tests now, he said, todetermine their trees’ nutrient needs.For home trees, he said, nothing can help more than finding some way to get them water.”It doesn’t have to be fancy,” he said. “A garden hose will do. The treedoesn’t discriminate about where it gets water.”Adding mulch above the trees’ feeder roots will help conserve moisture in the soil.”Anything you can do like that will help,” Crocker said.Some areas of southwest Georgia got as much as two inches of badly needed rain on July9. That will help, he said. But pecan trees need to keep getting water every week as thenuts develop.Crocker said drought-stressed trees will drop 10 percent to 20 percent of their leavesin an effort to cope. That trims the trees’ need for water. If they still don’t get enoughwater, though, they begin dropping, or aborting, the pecans themselves.last_img read more

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Using data to grow your auto loan portfolio

first_imgHow well do you know your members? As a credit union, you have an enormous amount of insight and knowledge available at your fingertips to help your members secure their financial future. Tapping into that information and figuring out the best way to utilize it can be challenging. With a few simple actions, your credit union can wield substantial value for your members while improving member retention, satisfaction, and wallet share. To successfully use this valuable data, specifically in your credit union’s loan growth strategy, you’ll need to figure out what you don’t already know about your members. Sounds simple, right? With a quick query of your membership data, you can break it down, analyze it, and figure out how to use it to increase your portfolio. Here are some items to keep in mind when it comes to using your credit union’s data. What is the average relationship length for your members? Is your credit union built upon lifelong members or have your members been acquired through significant indirect lending activity, leading to members who may move on when they refinance or pay off their vehicle? Once you know who makes up your member base and how long you serve them, you can set the stage for growing your loan portfolio by focusing on their specific needs. How many accounts do your members hold with your credit union? Chances are, you may not be your members’ only financial institution. While you may hold a members’ share account and a savings account, and hopefully some type of loan or credit card, we all understand that today’s consumers are fickle, and not nearly as loyal as they once were. But that doesn’t mean that there isn’t opportunity to grow wallet share while bringing value to your member. According to a Nerd Wallet survey of consumer debt, as of 2016, the average American household has over $135,000 in open balances across mortgage, vehicle loan, credit card, and student loan accounts. To bring this into perspective of where you may stand with your members, the first step you’ll need to take is identifying how many accounts on average each member or household has, and then look at the specific account type. From here, you can strategically focus on what products your members need and want. How do your members use their accounts? It’s important to never forget about the “disappearing member.” With so many consumer options available when it comes to opening accounts, specifically online banking opportunities, members can easily open new accounts and move deposits and loans with a click of a mouse.Have you identified actions that signify a member may be on their way out? Decreased debit or credit card transactions may be a sign that your member is conducting a majority of their business elsewhere. Likewise, significantly declining balances show that their deposits have possibly found another home. Credit unions must take action before that member becomes yet another one on your books with a zero account balance.What is the lifecycle of your members’ loans? Take a look at how long your members keep their auto loans before paying off or refinancing their vehicle. Check out where payoff payments are coming from and if auto loan payoffs, mortgage refinances, or credit card balance transfers are clustered around significant activity from your competition to woo your members.Once you get a handle on your existing members’ behaviors, you can develop a persona to match both your existing member as well as the member you hope to serve in the future. For example, after reviewing your available data, you may find that your existing average member has been with you for nine years, holds a share account, savings account, and an auto loan which he or she pays off within 27 months of origination. This allows you to reach out with a targeted campaign at intervals before their average payoff time occurs, leading them to start the car shopping process or researching lower interest rates to refinance. Staying top of mind during this “shopping” period allows your credit union the opportunity to retain that business and strengthen the relationship with your member.Taking a deeper dive into the data that you already have allows your credit union to build stronger relationships, improve the member’s journey, and retain the members that already are familiar with your institution. At the same time, you are able to strategically focus on growing your auto loan portfolio by offering your members the services that they need. Click here for more information on how to deliver pre-qualified auto loan campaigns to your members with SWBC’s AUTOPAY. 37SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Crystal Bullard As Manager of Business Development for SWBC’s Financial Institutions Group, Crystal Bullard works with lenders to increase their interest and non-interest income through programs such as AutoPilot Lending and … Web: https://www.swbc.com Detailslast_img read more

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Agus Yudhoyono elected as Democratic Party chairman

first_imgAgus Harimurti Yudhoyono, the eldest son of former president Susilo Bambang Yudhoyono, has been elected as the Democratic Party’s new chairman by acclamation on Sunday, following in his father’s footsteps.The decision was made after a plenary session, held during the party’s fifth national congress in Jakarta, conducted a verification and declared Agus eligible to become the party’s new chairman. “That’s right, [he was] elected by acclamation,” said Democratic Party executive Ferdinand Hutahaean, as quoted by kompas.com on Sunday.During the registration of his candidacy, AHY had already received 93 percent of the votes from the party’s regional executive boards (DPD) and branch executive boards (DPC).AHY is the fifth politician to hold the position after Subur Budhisantoso helmed the party from 2001 to 2005, Hadi Utomo from 2005 to 2010, Anas Urbaningrum from 2010 to 2013 and Susilo Bambang Yudhoyono from 2013 to 2020.Agus had served as the party’s deputy chairman since October 2019 after his duties as the party’s joint election command chief ended following the 2019 general election.Many observers have said Agus may run for president in 2024. (asp)Topics :last_img read more

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If you want a 3-bedroom home for under $200,000 head to Berserker

first_imgQueensland Bargain of the Week buy is in Berserker, Rockhampton for under $200,000.BERSERKER in Rockhampton has plenty of three-bedroom beauties for less than $200,000 with the latest selling for a bargain price today.The three-bedroom, plus rumpus home with solar hot water and airconditioning at 134 Wooster Street, Berserker sold for only $175,000.Berserker is home to 1,179 people and sits only six kilometres north east of the Rockhampton CBD.Home to Stockland shopping centre and two schools, the suburb was named after the Berserker range which was named after the Norwegian warrior, Baresark, who fought without armour.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours agoIf you are looking for a bargain buy this week then Berserker has more on its books for the right buyer.This three-bedroom beauty is available at 28 Macaree Street for only $199,000. With a modern kitchen, beautiful timber floors, and sitting on 1076sq m it’s quite a bargain.If you love a timber kitchen then this three-bedroom bargain at 247 Lakes Creek Road might be more your style for the asking price of $179,000.For those with a bit more cash to splash, this four-bedroom two-bathoom three-car Queenslander at 262 Ford Street might tick all the right boxes.Priced at $325,000 it’s not a bargain buy for Berserker, but it certainly is still in the bargain category for Queensland.last_img read more

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