Government approvals received for $575m sale of Uganda assets to Total

first_imgTullow will provide a further update once the transaction has closed and funds have been received Government approvals received for sale of Uganda assets to Total. (Credit: skeeze from Pixabay) Tullow Oil plc (Tullow) is pleased to announce that the Government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the pre-agreed principles on the tax treatment of the sale of Tullow’s Ugandan assets to Total. The Ugandan Minister of Energy and Mineral Development has also approved the transfer of Tullow’s interests to Total and the transfer of operatorship for Block 2.With all the Government-related conditions to closing having been satisfied, Tullow expects the transaction to close in the coming days after completing certain customary pre-closing steps with Total. Tullow will provide a further update once the transaction has closed and funds have been received. On closing, Tullow will receive $500 million consideration and a further $75 million when a Final Investment Decision is taken on the development project. In addition, Tullow is entitled to receive contingent payments linked to the oil price payable after production commences. Source: Company Press Releaselast_img read more


first_imgEDITOR’S FOOTNOTE:  Any comments posted in this column do not represent the views or opinions of the City County Observer or our advertisersFacebookTwitterCopy LinkEmailShare If you would like to advertise in the CCO please contact us City-County [email protected] Please take time and read our newest feature articles entitled “LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS” posted in our sections.  You now are able to subscribe to get the CCO daily.center_img WHATS ON YOUR MIND TODAY? We hope that todays “Readers Forum” will provoke honest and open dialogue concerning issues that we as responsible citizens of this community need to address in a rational and responsible way?Todays READERS POLL question is: Do feel that the former President of Ivy Tech should have received $1M dollars in retirement payout?last_img read more

Ocean City PTA Spring Carnival a Success

first_imgThe Ocean City Police Department’s Michael Gray clocks the speed of a pitch at the PTA Spring Carnival.The Ocean City Parent Teacher Association (PTA) Spring Carnival drew hundreds of students and family members to Ocean City High School on Saturday (March 20).The event included carnival-style games and prizes, bounce-house attractions, food, music and a lot more fun.The carnival is an annual event and a major fundraiser for the PTA. A steady putt at the Ocean City PTA Spring Carnival on Saturday (March 21) at Ocean City High School.last_img read more

Happy wrapping

first_imgIn the last couple of years, wraps have really taken off, and you only need to look in the food sections of high street shops or garages to see how popular they’re proving with consumers as a convenient, tasty snack. From busy mums preparing school lunchboxes to late night kebab fans, following an evening in the pub, it seems the tortilla wrap is fast becoming the new sandwich.Recent independent research by TNS found that 68 million fajita wraps will be consumed in the UK over the next 12 months, and are most likely to be popular with 20- and 30-year-olds.A GUIDE TO WRAPPINGThere are two approaches for anyone in the baking industry looking to sell wraps: either go for the New York deli-style set-up, where customers decide what filling they want and the wraps are made up in front of them to order, or prepare them in advance, in the same way that supermarkets do.Discovery Foods has recently launched a guide for consumers on how to make wraps, and the most popular version, The Classic, is made as follows: cover a round wrap with, for example, houmous and roasted pepper or plum sauce and Hoisin duck; fold in from both sides, and then fold up from the bottom. Roll over from the bottom twice, to make a ’parcel’, press down to seal, cut in half with a sharp knife and serve.Another style that works well is The Commuter, named because it’s ideal for busy people on the go and, unlike a sandwich, the filling doesn’t end up in your lap. Simply place the filling on the wrap, and fold up once from the bottom. Then fold over the left and keep rolling until you have an upright ’cylinder’, which you can eat with one hand and ride the Tube with the other.EXOTIC INGREDIENTSCustomers expect wrap fillings to be anything but traditional, so something such as Cajun Chicken or Hoisin Duck offers a slightly more exotic ingredient, compared to the traditional British sandwich. In many ways it offers a food fusion where East meets West. Wraps are also great for sweet fillings, such as strawberries and cream during Wimbledon – a great a summer snack.Sandwich wraps have been with us in the UK for over a decade. In fact, it was Discovery founder and chairman James Beaton, who spotted them in San Francisco and first introduced them into the UK in the mid-’90s. To start with, even sandwich giant Marks & Spencer didn’t understand the concept, but within six months, Discovery Foods was selling half a million wraps a week.Reports of the death of the sandwich have been greatly exaggerated, and there will always be a place for it in the nation’s lunchboxes. But if Britain follows the rest of the world, wraps will continue to increase in popularity. nlast_img read more

Health watch

first_imgThe Food Standards Agency (FSA) has launched new TV adverts to encourage shoppers to opt for healthy eating by using traffic light labels. They come as an international study names the UK as the number one fast food nation.The TV ads, voiced by comedienne Dawn French, were aired during GMTV breaks this month. They remind shoppers that they can find red, amber and green labels on many bakery products, which make healthy eating easier.The study, by global market research firm Synovate, found that 45% of those surveyed in the UK agreed with the statement: “I like the taste of fast food too much to give it up”, closely followed by the US on 44% and Canada 37%.The global survey looked at weight management among more than 9,000 people across 13 countries on five continents. Synovate’s global head of media Steve Garton said the survey had revealed conflicting attitudes. He explained: “People are inherently contradictory, and nowhere is it more obvious than on such a sensitive and important issue as their weight. The results show there’s a world of people who cannot deny themselves that hamburger or extra piece of pizza, but make themselves feel better by washing it down with a diet cola.”Around a third regularly weigh themselves, with 15% of the French and 12% of Americans weighing themselves every day.last_img read more

Pret achieves revenue increase

first_imgPret A Manger has posted group revenue of £377.3m for the full year to 29 December 2011, up 15% on 2010.According to holding company PAM Group’s accounts, filed on Companies House, like-for-like sales growth slowed from 9.8% to 6.5%, while EBITDA increased 14% to £52.4m. Total sales growth also slowed from 17.3% in 2010, to 15.2%.The firm said it had identified Paris as its new target market, as it continues its overseas expansion. However, it added that its strategy, going forward, included nurturing its core UK business.The group opened 31 new shops in 2011, 22 of which were in the UK, but said that almost half its planned new shop openings will be outside the UK. William Jackson, chairman, PAM Group, said: “In 2012 we will increase our investment in new shop construction, and plan to build more shops than we did in 2011, our previous peak.”It plans to grow its estate in the US, in New York, Chicago and Washington, as well as opening its first shop in Boston. Three new shops are also planned for Paris and Hong Kong.In its market review, the group said there has been growth in sandwich fillings that are healthier, which currently makes up 14% of the market.Related stories:>>Pret plans for expansionlast_img read more

Trey Anastasio Band Announces New Haven Show

first_imgTrey Anastasio Band continues to unveil new dates following an almost two-year-absence from touring.Trey Anastasio and his regular touring outfit consisting of Tony Markellis, Russ Lawton, Ray Paczkowski, Jennifer Hartswick, Natalie Cressman, James Casey, and Cyro Baptista will play a one-off show on Saturday, April 27th at New Haven, CT’s College Street Music Hall.Earlier today, Trey Anastasio Band also announced an appearance at Louisville, KY’s Bourbon & Beyond. Trey Anastasio Band’s only other scheduled 2019 tour dates include a four-night run of southern shows beginning with a performance at St. Petersburg, FL’s Jannus Live on May 28th, followed by a show at St. Augustine, FL’s St. Augustine Amphitheatre on May 29th. TAB will wrap their brief southern run with a two-night run at The Tabernacle in Atlanta, GA, on Friday and Saturday, May 31st and June 1st. TAB will also make an appearance at The Peach Music Festival this July.A fan pre-sale for the newly announced TAB date begins tomorrow, Wednesday, March 13th at 12 p.m. (EST) and continues through this Thursday, February 14th at 5 p.m. EST here.The general public on-sale begins this Friday, March 15th at 10 a.m. (EST).In addition to the new Trey Anastasio Band date and Phish‘s previously announced summer tour, Anastasio will mount a run of dates with his mysterious new project, Ghosts of the Forest, in April.For more information on Trey’s upcoming tour dates and ticketing information, head to his website.last_img read more

Pure governance magic

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Serving as the chairman of your CUNA Board is one of the highlights of my nearly 40-year career. From this perch, I have gained a fuller appreciation for the genius of the cooperative governance system.Please indulge me as I share a few observations.I am joined on the CUNA Board by a group of dedicated and talented directors. This is not an overstatement. Each board member brings a unique perspective to the issues confronting credit unions today.The diversity of ideas, perspectives, and experiences from credit union and league leaders informs the board in making rational decisions. But this isn’t what inspires me the most.Most of you don’t have the opportunity to sit in on a CUNA Board meeting. For this reason, you don’t often see the board at work. continue reading »last_img read more

Nottingham retail: Big is best

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

The Apprentice: ONE Championship edition welcomes Iflix cofounder as guest star

first_imgBest known as cofounder and CEO of Catcha Group, a portfolio that includes iProperty and iCar Asia, among others, Grove is also cofounder of Frontier Digital Ventures, iFlix and Rev Asia. Grove’s business skill has seen him become the only person in the world to take five companies from start-up to initial public offering (IPO) and has collectively created companies worth more than US$1,000,000,000. “Super pumped to work with Chatri to find the next entrepreneurial superstars. ONE Championship has done an amazing job finding fighting superstars, and I’m sure together, Chatri and I will find entrepreneurial superstars,” Grove said.The winner will receive a $250,000 job offer to work for a year directly under Sityodtong as his protege at the ONE Championship global headquarters in Singapore.Topics : Singapore-based ONE Championship, which bills itself as “Asia’s largest global sports media property”, has announced Catcha Group and Iflix cofounder Patrick Grove as one of 12 guest CEOs for The Apprentice: ONE Championship Edition TV series slated to hit television later this year.Grove will participate in the show alongside ONE Championship chairman Chatri Sityodtong to judge and mentor the 16 contestants who are set to compete in a high-stakes game of business competitions and physical challenges.“It is my pleasure to welcome Patrick Grove. Patrick is one of the most accomplished self-made entrepreneurs in the Asia Pacific region. Our 16 contestants will learn a lot from Patrick’s knowledge and experience,” Sityodtong said as quoted by a press statement sent to The Jakarta Post on Monday.last_img read more