Gulf of Mexico operators extend term for farm-out deal

first_imgGulfSlope Energy, Texas South Energy and another, unnamed, partner have decided to extend the term of the letter of intent (LOI) for joint drilling and development of oil & gas prospects in the U.S. Gulf of Mexico.GulfSlope Energy said on Wednesday that the trio extended the LOI until November 30, 2017, or such later time as they mutually agree.The two companies signed the initial LOI with an undisclosed firm, only described as a ‘large international oil and gas company,’ in mid-September.Under the principal commercial terms of the farm-out, the unnamed partner will drill a minimum of three exploratory wells with the option to participate in additional three-well phases on the same basis.The partner will earn a 75% working interest in each prospect by paying 90% of the exploratory costs and making a cash payment of $1.5 million to be split between GulfSlope and Texas South on a 73%/27% basis.According to GulfSlope, it will be the initial operator of record and will retain a 20% working interest in the subsalt prospects included in the first phase while Texas South will retain a 5% working interested for the subsalt prospects included in the first phase.Upon achieving certain milestones, the partner will have the right to purchase up to 20% of the common stock in GulfSlope and Texas South.last_img read more

Navios Containers Raising USD 30 Mn for More Ships

first_imgMonaco-based container shipping company Navios Maritime Containers has completed a USD 30 million private placement to finance possible vessel acquisitions.The company will issue 5,450,000 common shares at a subscription price of USD 5.50 per common share. The net proceeds from the private placement, which is expected to close on March 13, 2018, will be used for general corporate purposes, including vessel acquisitions.Navios Holdings and Navios Partners have subscribed for USD 15 million in the private placement and thus will own approximately 39% of the outstanding share capital upon closing.Each of Navios Holdings and Navios Partners will also receive warrants, with a five-year term, for 1.7% and 6.8% of the newly issued equity, respectively. The offer shares will be tradable on N-OTC on or about March 14, 2018.last_img read more

Australian scientist David Goodall dies after lethal injection

first_imgThe Sydney Morning Herald 10 May 2018Family First Comment: How ironic. At the bottom of this disturbing article is this statement…“Readers seeking support and information about suicide prevention can contact Lifeline…”Apparently some suicides are okay. Apparently.  www.rejectassistedsuicide.nzAustralian scientist David Goodall has ended his life at a euthanasia clinic in Switzerland, asking in his final words: “Why is this taking so long?”The 104-year old had to answer twice the four questions – what is your name, what is your date of birth, why have you come to the clinic and do you know what will happen when you press this button? – that are asked of anyone seeking to undergo voluntary euthanasia because, due to his arthritis, he was unable to press the button to release the deadly injection on his first attempt.Euthanasia advocate Philip Nitschke, who revealed he acted as “music director” during the Professor Goodall’s death in Switzerland, said the Australian’s final words were said “flippantly” and impatiently as if to hurry death.In a “final day press release” which included new photographs of Professor Goodall’s final hours, the prominent euthanasia campaigner said he was “proud to have been appointed ‘music director’”.“David’s chosen music was the Ode to Joy of Beethoven’s 9th symphony. David died at the moment the Song (sung in German) concluded,” the statement said.READ MORE: up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

DIGICEL Regional 4-Day

first_imgTeams aim to prove their consistency in third roundST JOHN’S, Antigua – Round 3 of the Digicel Regional 4-Day Tournament, starting today, is shaping up to be packed with intrigue, following a couple of earth-shattering results last weekend.Jamaica Scorpions will host current leaders Barbados Pride in the feature match of the round at Sabina Park; Trinidad & Tobago Red Force will face a buoyant Leeward Islands Hurricanes at Queen’s Park Oval and Windward Islands Volcanoes will meet two-time defending champions Guyana Jaguars in a day/night affair, starting tomorrow, at the Darren Sammy National Cricket Ground.In Kingston, Jamaica: Both the Scorpions and the Pride found their groove in the second round, leading them to confident victories. The introduction of pace-bowling points this season has made things very tight in the Championship table.The Scorpions are fifth – following their 41-run, come-from-behind win over the Volcanoes – and are a mere 3.4 behind the Pride with the Hurricanes, Jaguars and Red Force bunched in between.This means both teams have an incentive for a big haul of points this weekend to see if they can create some daylight between themselves and the rest of the teams that have put themselves in the frame for the title early. In the last five matches between the two sides at this venue, both teams have won twice and the Pride dominated the other which was a draw.So it comes down to which side will show greater heart over the next four days, since bowling appears to be the strength of the two teams, but the batting will hold the key to the result.In Port of Spain, Trinidad: The Hurricanes will be fresh from their record-breaking run chase that should give them far more confidence and the Red Force will be smarting from a thumping at the hands of their arch-rivals.This match will confirm one way or the other which of the two sides is the genuine article. The Hurricanes will be looking to prove their best starts for several seasons has been down to proper preparation and careful planning, and the Red Force will be looking to debunk any questions about their legitimacy.The two sides have shared the last four matches played between them in Trinidad which indicates that neither can afford to take the other lightly.The Hurricanes, on paper, appear to hold the edge with a number of regulars, but the Red Force can be a difficult side to overcome in their conditions when they put their collective minds to the task.In Gros-Islet, St Lucia: Both the Volcanoes and the Jaguars will be looking to rebound from demoralising defeats in the previous round.The Volcanoes failed to chase down a modest target of 105 against the Scorpions, and the Jaguars failed to make the inroads into the Hurricanes’ batting, conceding the highest fourth-innings total to win in the history of the modern (1966 onwards) R4-Day.History favours the Jaguars: They have won the last four contests between the two sides at home and on the road including last year’s match at this venue.last_img read more

Tennis News Kevin Anderson wins Tata Open title, denies Ivo Karlovic a chance of history

first_img For all the Latest Sports News News, Tennis News News, Download News Nation Android and iOS Mobile Apps. Pune: Unleashing his all-round game at a crucial time, Kevin Anderson negated the serve and volley tactics of Ivo Karlovic in an excruciating three-set final to lift the Tata Open Maharashtra singles title, here Saturday. In the battle between the big-serving tall players, the South African world number six tamed the ‘gentle giant’ 7-6(4) 6-7(2) 7-6 (5) to claim his sixth career title. With world tennis’ tallest players in action, the points were expectedly short. There were no exciting rallies as the match was largely restricted to thundering serves from Karlovic, standing tall at 6′ 11” and Anderson, who is 6 feet 8 inches. Karlovic saved all eight breakpoints in the two-hour 44-minute match and led 5-2 in the deciding tie-break but the South African reeled off five straight points to clinch the trophy.Anderson left a return from Karlovic after being called out by the linesman but the chair umpire over-ruled and also denied him the ‘Challenge’.  It put the Croat ahead 5-2 but he could not take advantage as Anderson regrouped quickly to make solid returns and ended the match with his 21st ace. “I don’t know why that call went against me. It was tricky in the tie-break. But I am glad I regrouped and slowed down the game and won it,” said Anderson, who had ended a runner-up here last year. Anderson, who in a few days will compete at the Australian Open, said he does not feel the need to make any change to his game to get his maiden Grand Slam title. Read More | Djokovic suffers first loss in 2019, crashes out in Qatar Open semis“I have all the weapons, the serve, return, the movement. I feel the game is there and the ability is there. I am very motivated,” said the 32-year-old.  Karlovic had won a title at age of 37 to be the joint oldest champion with Roger Federer and was bidding to better this record at the age of  39. He was also trying to get his first title in more than two years.”I was close but could not do it, so a bit disappointed. It’s different to make him move, he’s fast and reacts (quickly),” Karlovic, the oldest player competing in the final of an ATP World Tour event, said.Read More | Rafael Nadal to miss Brisbane tournament due to thigh injury”At my age, it’s difficult to make any change to the game,” said Karlovic when asked if he could have tried tactics other than just the serve and volley. It could not have been a better start for Anderson to the fresh season after a breakthrough 2018 in which he won two titles and reached final of the Wimbledon Championships. Anderson came out with some stunning passing winners in the 10th game, creating two set points but Karlovic managed to save both with his missile-like serves.               Eventually the set stayed on serve and in the tie-breaker, Karlovic served a double fault at 2-3 and then netted a half-volley to hand a 5-2 cushion to the South African. Anderson earned three set points by blasting a volley winner from near the net but served a double fault on next point. Karlovic’s big served cracked under pressure as a second double fault handed Anderson the opening set. The second set was locked 4-4 when Anderson attacked Karlovic’s serve and hit a backhand passing winner to earn three breakpoints.  The Croat saved the first with an ace, second with the help of net-chord and stood like a rock at the net to save the third as Anderson netted a backhand. The South African again created a break opportunity by hitting a forehand winner at 30-30 but Karlovic continued to deny him the break, coming up with his 20th ace of the match. In the tie-breaker, Anderson hit a forehand long and later served a double fault as the Croat pulled away 5-1 and made it one-set all.         In the third set, after battling for 11 more games, which went on serve, Anderson had a chance to finish the match in the 12th when Karlovic faced two match points but the Croat saved both and another tie-breaker was required to decide the winner. last_img read more

FCBescola Gives Scholarship to 100 Nigerian Children

first_imgBy Rebecca EjifomaFCBescola Football Academy first screening trial to award fully-paid for scholarship to 100 skillful children between ages five and 18 on Monday, February 13 at the Onikan Stadium and Campus Square Lagos Island Lagos from 8am to 5pm.The Scholarship, which will run until Friday February 17 at the two venues, is aimed at discovering talented children for the famous Bescola Academical training.This was according to the Brand Marketing Manager, Yurena Medina, during a media parley in Lagos at the weekend. “It’s a full scholarship for skillful children. Very talented ones, who are already students of FCBescola are also going to be part of it. The screening will fish out the best among the best talents.”With the Technical Adviser from Spain, Bernat Villa, on ground to help in the screening process, Yurena assured that the selection would be based on merit.“We have come to get the next Lionel Messi and Eniesta. So, the door is open to all who fall within the age bracket.”Meanwhile, the Chief Executive Officer of Blaubrana Sport International, Mr. Leslie Oghomienor, said all the children should just come to the venues. “Everything the kids will need for the training has been provided. The screening is open to both male and female regardless of status or tribe.” Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Syracuse falls to RIT on fluke deflection in overtime

first_img Published on February 24, 2014 at 12:26 am Contact Matt: | @matt_schneidman Facebook Twitter Google+ It was certainly hard to swallow for Syracuse.A game that typified the grit of this year’s senior class wasn’t supposed to be decided by a fluke deflection.But with 2:29 left in overtime, Rochester Institute of Technology defender Melissa Bromley tipped a shot that deflected off the left shoulder of goaltender Jenesica Drinkwater. It trickled into the net to give RIT (16-15-3, 11-7-2 College Hockey America) a 2-1 victory over Syracuse (18-13-3, 9-8-3) in front of 527 fans at Tennity Ice Pavilion on Saturday on the Orange’s senior night.“Some of it’s just a bounce here, bounce there as evidenced by their winning goal,” SU head coach Paul Flanagan said. “It just hit our player in the back and bounced in.”With the win, RIT secured the No. 3 seed in the upcoming CHA playoffs, while the Orange got bumped to the No. 4 spot.AdvertisementThis is placeholder textSyracuse will still host in the first round, but this is not how seniors Drinkwater, Margot Scharfe, Cara Johnson, Caitlin Roach, Brittney Krebs, Sadie St. Germain and the injured Kallie Billadeau wanted to end their final regular season.“It’s frustrating when it bounces off our own teammate, but what can you do,” Drinkwater said. “It’s just bad luck.”The game started off in favor of the Tigers 29 seconds into a Syracuse powerplay early in the first period.Kourtney Kunichika corralled a puck at the blue line cleared from the corner by teammate Emilee Bulleid. She carried it the length of the ice, outskating two Syracuse defenders, firing a shot that deflected off the center of Drinkwater’s left leg pad.The deflection fell right back to Kunichika’s stick, and she buried the shorthanded goal to give the visitors a 1-0 lead.With 8:20 left in the first, RIT leading scorer Kolbee McRea went down hard and dislocated her shoulder. She needed medical attention and wouldn’t return to the game.Luckily for the Tigers, the absence of McRea didn’t cause any serious damage, as their defense was able to repeatedly block shots fired at goal by the Orange.“We shot a lot of pucks straight into them,” Flanagan said. “We have to be better against teams that pack it in and try to stay in shooting lanes.”The majority of the second period was uneventful, as neither team managed a serious chance on goal.With less than two minutes remaining in the frame, RIT’s Marissa Maugeri toe-dragged two Syracuse defenders, finding herself 1-on-1 with Drinkwater.But she lifted the puck just over the top right corner from close range, keeping the score at 1-0 heading into the third.With 8:07 left in the game, the Orange was finally able to breakthrough courtesy of a Nicole Renault power-play goal.The sophomore found herself in space in the right circle after a pass from Akane Hosoyamada and wristed home the puck to even the score at one.“I got a really nice pass from the slot,” Renault said. “I just saw the opening and shot it, but I think it helped get our momentum back up.”For the remainder of regulation, neither side was able to manage a goal, as Drinkwater and RIT goaltender Ali Binnington were each stalwart in net.Midway through overtime, though, the Tigers were able to find a slight opening atop the right corner of the net, sending the visitors’ contingent into a frenzy.“There was just a fluky goal we lost there at the end,” Renault said. “It was a shame because we were playing really well.”The Orange has to turn right around, though, as it hosts the CHA playoffs starting next Friday. Said Drinkwater: “There’s nothing really you can do about it but just bounce back.” Commentslast_img read more

Ronaldo Grabs Winner as Morocco Becomes Second African Team Eliminated

first_imgFor the second game running Cristiano Ronaldo was voted Budweiser Man of the Match after scoring the only goal in Portugal’s hard-fought 1-0 win against Morocco in Group B at the 2018 FIFA World Cup in Russia on Wednesday.Egypt became the first African team to crash out after the Pharaohs lost a second game to Russia 3-1 on Tuesday night after similarly been beaten 1-0 in her opening match against Uruguay. Morocco also lost her opening game to Iran 1-0.Ronaldo claimed the award in Portugal’s thrilling 3-3 draw against Spain where he netted a hat-trick in their first group game last weekend. The current FIFA World Player of the Year headed in a cross just four minutes into Wednesday’s game to give his side the vital win.Aside from scoring the only goal, Ronaldo went close a couple of occasions to add to his tally and also tried to set up his teammates to get on the score sheet as well.He is now on four goals at this year’s World Cup and is currently the top scorer so far.Morocco played their part in an enthralling match, their vociferous fans cheering their side on for consistent waves of attack against the stern Portuguese defence.Younes Belhanda came closest for the Atlas Lions, but his header was superbly kept out by Rui Patricio.In the end, it was the decisive header from Ronaldo that claimed the win, his strike coming after just four minutes.Portugal will come up against a familiar face in Carlos Queiroz in their final Group B fixture, while Morocco will have purely pride to play for when they face Spain.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Tom Mitchell: RISQ – Helping sportsbook platforms to deliver guaranteed margin solutions to clients

first_img Amelco continues international expansion with Colorado licence July 2, 2020 Alternative betting markets: short-term filler or long-term fixture? May 12, 2020 Related Articles Submit Share Share StumbleUpon Tom Mitchell – RISQIn partnership with sportsbook platform supplier Amelco, RISQ specialist in betting insurance, risk management and liquidity solutions, has announced the launch of its ‘fixed % trading models’.Allowing betting incumbents the option to operate markets on a fixed % of sports betting turnover over standard GGR models, SBC speaks to RISQ Chief Commercial Officer (CCO) Tom Mitchell on the benefits of % change and how RISQ and Amelco seek to ‘redefine operator-client sports betting partnerships’ …_________________SBC: Hi Tom, thanks for this interview. Can you breakdown for SBC Audiences your partnership with Amelco, which seeks to disrupt several key components related to modern sportsbook practices? Tom Mitchell (Chief Commercial Officer – RISQ): Of course. Our partnership with Amelco allows them to offer their current and potential partners the option to remove the volatility of running a sportsbook.In essence, sportsbook operators have winning periods and losing periods and we are able to help sportsbook platform providers remove the latter for their partners. Instead, we allow Amelco to give them a fixed-guarantee based on turnover and volume.This allows sportsbook operators to concentrate on driving new player sign-ups, retaining punters and delivering a world-class experience to their customers.SBC: Hitting industry headlines, your partnership seeks to deliver a new platform trading model based on ‘fixed %’ of wagering turnover’ over the ‘standard GGR models’, why is this such a radical change for incumbents? TM: Sports betting is different from other gaming verticals in that the operator can have more extreme periods of profit and loss.This volatility in revenue makes it difficult for sportsbooks to allocate spend for key factors such as marketing and advertising, product development and technical support. Our solution removes the volatility and provides a steady revenue stream.This will be of particular benefit to online casino operators looking to launch sportsbooks as these companies are not used to such volatility. In fact, when most enquire about launching a sportsbook, they are surprised by the notion of a “losing month”.Our solution combines our unrivalled expertise in trading, risk and insurance to make this more palatable for such operators and also for current sportsbook operators who are not comfortable with the standard GGR models.It also offers  upsides to sports betting platform providers as they no longer have the issue of their operator partners calling them up first thing Monday morning after a weekend of losses complaining that they got their pricing wrong, and allows them to grow their market by signing on operators who have previously shied away from Sports due to the volatility.SBC: How does adjusting a bookmaker’s market % model, help bookmakers tackle scale complexities… why is having flexibility on % structures such an important asset?  TM: By taking away the uncertainty of whether they will be profitable or not, regardless of whether that is over a weekend, a month or a year. Our solution allows operators to plan marketing, acquisition and retention with a fixed budget. What is the benefit of this?They can focus on driving growth which in turn will allow them to scale much quicker and then operate sustainably in the long term. For online casino operators looking to expand into sports betting, it provides a more manageable revenue and profit model.SBC: RISQ competencies have focused on risk management and supplying liquidity, do you worry that Amelco partnership will be viewed as somewhat conflicting by industry stakeholders?   TM: Not at all…. as RISQ is not a platform technology provider. We are simply partnering with expert sportsbook platform providers and supporting their technologies and services with a non-risk solution for their operator partners.Our experience with insurance combined with our trading and quant team allows us to offer a complimentary service to established platform providers looking to deliver the best possible product to their operator partners.SBC: Beyond disrupting trading % models, where do you see this partnership developing further provisions for sportsbook operators?  TM: We are not just taking the risk away from online sportsbook operators; our trading team is also monitoring what platform providers are doing when it comes to markets and prices. It is in our interest to ensure they are pricing correctly, and we are aligned to help them deliver the best product they can.For Amelco’s operator partners – and the operator partners of subsequent platform providers we work with – this means they can be certain they are receiving the absolute best odds and prices for their given markets. In essence, we are acting as a third eye and are helping to make ongoing improvements.We also have plans to roll-out additional services and solutions and will be announcing more on that in the not too distant future.____________________Tom Mitchell – Chief Commercial Officer (CCO) – RISQ Amelco solidifies US presence with Continent 8 deal August 26, 2020last_img read more

Confirmed: Wakaso returns to starting line-up against Burkina

first_imgKwesi Appiah makes just one change to his starting team from the previous game as Ghana meets Burkina Faso in the semi-finals at the 2013 Africa Cup of Nations.Mubarak Wakaso, who came off the bench to score two second-half goals in the last game starts ahead of Albert Adomah in Wednesday’s last-four clash.The game will kick off at the Mbombela Stadium at 18:30 GMT in Nelspruit.A win for the Black Stars will see them make a second final appearance in three years where they will play either Nigeria or Mali.Ghana line up: Fatau Dauda, John Paintsil, Harrison Afful, John Boye, Isaac Vorsah, Rabiu Mohammed, Christian Atsu, Agyemang Badu, Asamoah Gyan, Mubarak Wakaso, Kwadwo Asamoahlast_img read more