Core Viewpoint - Jura Energy Corporation has announced the sale of its entire 60% working interest in the Sara & Suri Block to Oil and Gas Development Company Limited (OGDCL), along with the transfer of operatorship, as part of a strategic move to streamline its asset portfolio and reduce costs [1][2][3]. Group 1: Sale Transaction Details - The sale transaction involves Spud Energy (Pty) Limited, a wholly owned subsidiary of Jura, transferring its 60% working interest and operatorship of the Sara & Suri Block to OGDCL, effective April 30, 2025, subject to regulatory approval [1][7]. - OGDCL will pay a gross consideration of US$105,000 to Spud and will assume all obligations related to the Sara & Suri Block, including abandonment and reclamation obligations [7]. - The anticipated reduction in monthly operating costs for Spud is approximately US$12,000 [8]. Group 2: Rationale Behind the Sale - The decision to sell is influenced by the shut-in production from the Sara & Suri Block since July 2023 due to a significant drop in pressure and flow rates, leading to potential abandonment and reclamation obligations of approximately US$1.5 million [2][8]. - Jura aims to unlock shareholder value through this divestment while also pursuing enforcement of arbitration awards against Petroleum Exploration (Pvt.) Limited (PEL) [3][4]. Group 3: Arbitration Proceedings - Jura is involved in two arbitration proceedings against PEL regarding the Badin IV North and South blocks, with the first arbitration resolved in favor of Jura in December 2024 [4]. - The second arbitration is ongoing and is being pursued through the International Chamber of Commerce [4]. Group 4: Regulatory and Closing Conditions - The sale of the Sara & Suri Block is subject to regulatory approval in Pakistan and customary closing conditions, with an expected closing date near the end of Q4 2025 [5].

Core Insights - Newmont Corporation (NEM) is strategically reshaping its portfolio by divesting non-core assets to focus on Tier-1 operations, completing its divestiture program in April 2025 with significant cash proceeds [1][2] - The total gross proceeds from divestitures are projected to reach $4.3 billion, which includes $3.8 billion from non-core divestitures and $527 million from other investments [1][7] - The divestments have led to a $1 billion reduction in gross debt and a record first-quarter free cash flow of $1.2 billion, enhancing the company's financial position [2][7] Financial Performance - NEM's shares have increased by 59.8% year to date, outperforming the Zacks Mining – Gold industry's rise of 54.4%, primarily due to a rally in gold prices [6] - The earnings per share (EPS) estimates for NEM indicate a projected growth of 20.1% year over year in 2025, with estimates trending higher over the past 60 days [7][9] Competitive Landscape - Other companies in the industry, such as Barrick Mining Corporation and Kinross Gold Corporation, have also divested non-core assets to focus on Tier-1 operations, indicating a broader trend in the mining sector [4][5] - Barrick has completed several divestitures, including the sale of its 50% interest in the Donlin Gold Project, while Kinross has streamlined its portfolio by selling Russian assets and interests in Ghana [4][5] Valuation Metrics - NEM is currently trading at a forward 12-month earnings multiple of 13.46, which is approximately 3.6% lower than the industry average of 13.96 [8] - The company holds a Value Score of B, reflecting its competitive positioning in the market [8]

Key Takeaways UGI's AmeriGas is selling Hawaii propane assets to Isle Gas, with closing expected in Q4 fiscal 2025. The deal includes 750,000 gallons of storage and a delivery fleet, with proceeds used to reduce debt. UGI aims to boost efficiency and fund growth by exiting non-core markets and cutting long-term costs.UGI Corporation (UGI) announced that its subsidiary, AmeriGas Propane, L.P. (AmeriGas), has entered into a definitive agreement to divest some of its assets in Hawaii to Isle Gas, a wholly ow ...

Core Viewpoint - Vermilion Energy Inc. has announced the divestment of its Saskatchewan and Manitoba assets for $415 million in cash, aiming to strengthen its balance sheet and improve financial position through debt repayment and deleveraging processes [1] Asset Overview: Production, Reserves and Liabilities - The divested assets produce approximately 10,500 barrels of oil equivalent per day (boe/d) and are expected to yield about $110 million of annual net operating income at current strip commodity prices [2] - The assets include Proved Developed Producing reserves of approximately 30 million boe and have undiscounted future abandonment liabilities worth $250 million [3] Revised 2025 Outlook - Following the asset sale, Vermilion expects its full-year average daily production to be in the range of 120,000-125,000 boe, with capital expenditures projected between $680 million and $710 million, reflecting a $50 million reduction due to the divestment [4] - The company plans to focus on increasing free cash flow rather than growing production in 2025 and 2026, amid extreme volatility in the energy market [4]

TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) ("MediPharm" or the "Company"), a pharmaceutical company specialized in precision-based cannabinoids, is pleased to announce the removal of all conditions precedent, related to its previously-announced agreement (the “Purchase Agreement”) for the sale of MediPharm’s facility in Hope, BC, (“Hope Facility”) to Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) for $4.5 million in cash (the “Transaction”). With these conditions now met, ...

Fortuna Mining Corp. (FSM) announced that it has closed the sale of the interest in Roxgold Sanu and three other subsidiaries to Soleil Resources International Ltd. With this move, FSM will no longer have any stake in the Yaramoko Mine, which is operated by Roxgold Sanu.FSM’s Strategic Sale of Yaramoko MineIn April 2025, the company sold its non-core San Jose mine in Mexico. With the sale of Yaramoko, Fortuna Mining will cease to have any operations in Burkina Faso. Its operating portfolio will include the ...