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Laser-derived, particle size data from CRP-2/2A: implications for sequence and seismic stratigraphy

first_imgGravel-free, high-resolution (1-metre spacing, 32 channel) particle size data from theCRP-2/2A drill core indicate that many of the diamictites were likely deposited from floatingice. Textural dislocations occur at most sequence boundaries and provide independentcorroboration of the sequence stratigraphic interpretation. Likewise the data largely support thecorrelation drawn (Fielding et al., this volume) between the sequence stratigraphic cycles andthe regional seismic stratigraphy (an alternative correlation to Reflector ‘f’ is also suggested).The gravel-free data appear to be reflecting predominantly regional (global?) forcing with somepossible local effects, and long-term trends persisting through gravelly textural dislocations.last_img read more

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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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Storm chaser photo of Thursday night’s storm has become an Internet sensation

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Jerry · 371 weeks ago If you haven’t already, check out this guy’s storm photo gallery—-God in all His wondrous, terrible glory! Report Reply 0 replies · active 371 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by Tracy McCue, Sumner Newscow — It might be one of the most unusual pictures one will ever see. But Thursday’s storm wasn’t exactly your normal storm.Stephen Locke of www.tempestgallery.com, is a storm chaser from Rowland Park, Kans. near Kansas City, Mo. He has been chasing storms of all kinds across the great plains for 20 years. The storm he chased yesterday, was as unusual as one he’s ever witness.He had been following this particular storm from Salina which was heading straight south. As he was going south on the Kansas Turnpike, he noticed the storm had developed a nice looking “shelf cloud,” or the mushroom shape seen in  this picture…Photo taken just east of the turnpike by Stephen Locke.“(The storm) really took on a new form as it passed through Wichita,” Locke said. “I had to get off the turnpike and get a shot of it right then and there.”Locke got off the Exit 19 ramp and turned east toward Oxford. He shot this using a wide-angle lens just north of the Gary and Charlotte Seyfert house.It has become a Facebook sensation.Locke wrote: Shelf cloud beast at Wellington, Kansas 06.27.2013. The grittiest storm that ever chased me (at 80mph). Still pulling sand out of my eyes. You can see it kicking and sucking dirt. Shortly after this image, as we crossed the border into Oklahoma, it was a full on haboob.Locke said he continued south trying to stay in front of the storm to Tonkawa, Okla. Eventually he could not keep up.Kenneth Cook, a meteorologist at the National Weather Service in Wichita, said the storm was unusual in that it formed in the northeast around Wilson Lake and headed almost straight south. He said it was similar to the storm that went through Cheney Lake in 2006.A shelf cloud is formed as warm, moist air rises along the front edge of a gust front and are associated with severe thunderstorms. These clouds are especially prevalent when the air is very stable near the base of the thunderstorm, Cook said.There’s been debate just how strong of winds and the amount of rain Wellington received. Seyfert said he got about .4 inches of rain. The NWS had no readings from Wellington. Mulvane received .58 inches while Caldwell received .37 inches, Cook said.As far as the wind, there were 60 mph winds in Belle Plaine, 80 in Harper, 89 in Wichita and 70 in Cowley County according to NWS tallies.Locke, whose web gallery are filled with incredible storm pictures, said when it comes to the ferocity of storms, this was a big one.last_img read more

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