BROG Investors Have Opportunity to Lead Brooge Energy Limited Securities Fraud Lawsuit
- LOS ANGELES , April 3, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or the "Company") (NASDAQ: BROG).
- 04/03/2024
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SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Brooge Energy Limited - BROG
- NEW YORK , April 2, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Brooge Energy Limited ("Brooge" or the "Company") (NASDAQ: BROG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
- 04/02/2024
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FINAL DEADLINE THIS FRIDAY: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / April 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ: BROG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 04/01/2024
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APRIL 5 FINAL DEADLINE: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ: BROG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/31/2024
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SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Brooge
- NEW YORK , March 29, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Brooge Energy Limited ("Brooge" or the "Company") (NASDAQ: BROG) and reminds investors of the April 5, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Brooge To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in Brooge stock or options between November 25, 2019 and December 21, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
- 03/29/2024
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ:BROG) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/29/2024
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IMPORTANT DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ:BROG) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/28/2024
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ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Brooge Energy Limited Investors to Secure Counsel Before Important April 5 Deadline in Securities Class Action Filed by the Firm - BROG
- NEW YORK , March 27, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company (NASDAQ: BROG) between November 25, 2019 and December 21, 2023, both dates inclusive (the "Class Period"), of the important April 5, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Brooge securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
- 03/27/2024
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SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Brooge Energy Limited - BROG
- NEW YORK, March 27, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Brooge Energy Limited ("Brooge" or the "Company") (NASDAQ: BROG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
- 03/27/2024
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BROG Investors Have Opportunity to Lead Brooge Energy Limited Securities Fraud Lawsuit
- LOS ANGELES , March 27, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or the "Company") (NASDAQ: BROG). Class Period: November 25, 2019 – December 21, 2023 Lead Plaintiff Deadline: April 5, 2024 If you wish to serve as lead plaintiff of the Brooge lawsuit, you can submit your contact information at www.glancylaw.com/cases/Brooge-Energy-Limited/.
- 03/27/2024
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APRIL 5 DEADLINE: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ:BROG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/27/2024
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DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ:BROG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/26/2024
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FINAL DEADLINE IMMINENT: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ: BROG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/24/2024
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APRIL 5 FINAL DEADLINE: The Schall Law Firm Encourages Investors in Brooge Energy Limited with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / March 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ:BROG) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 5, 2024.
- 03/23/2024
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BROG Investors Have Opportunity to Lead Brooge Energy Limited Securities Fraud Lawsuit
- BENSALEM, Pa. , March 22, 2024 /PRNewswire/ -- Law Offices of Howard G.
- 03/22/2024
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What is a Microcap Stock? Everything You Need to Know
- Looking for some good microcap stocks? Investing in a microcap stock can be a rollercoaster ride for the risk-averse, but also offers the promise of significant gains in short timeframes.
- 03/08/2024
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Brooge Energy Limited (BROG) Q2 2023 Earnings Call Transcript
- Brooge Energy Limited (NASDAQ:BROG ) Q2 2023 Earnings Conference Call October 9, 2023 10:00 AM ET Company Participants Valter Pinto - Managing Director, KCSA Strategic Communications Paul Ditchburn - Chief Financial Officer Saif Alhazaimeh - Research and Acquisition Manager Conference Call Participants Operator Greetings and welcome to the Brooge Energy 2023 First Six Months Financial Results Conference Call. At this time, all participants are in a listen-only mode.
- 10/09/2023
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Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss
- Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss
- 11/03/2021
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Brooge Energy Ltd. Officially Opens Phase II Storage Facility
- Facility is currently fully contracted out and generating revenue
- 10/06/2021
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Brooge Energy Reports Revenue of $23.3 Million for the Six Months Ended June 30, 2021
- Global demand for oil storage drives higher fixed storage rates
- 09/13/2021
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Brooge Energy Announces Dates for First Half 2021 Results and Conference Call
- NEW YORK, Sept. 10, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates (the “UAE”), today announced that it will release its financial results for the six months ended June 30, 2021 on Monday, September 13, 2021. The Company will host a conference call to discuss these results on Wednesday, September 15, 2021. Following management's prepared remarks there will be a question-and-answer session to address any queries investors have regarding the Company's reported results.
- 09/10/2021
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Brooge Energy Ltd. Achieves Major Milestone with Launch of Phase II Storage Facility; Receives First Cargo
- Phase II facility will contribute to the Company's revenues in the second half of 2021.
- 09/09/2021
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Brooge Energy Ltd. Announces Positive Feasibility Study for Proposed Phase III Facility
- High utilization of third-party storage terminals in Fujairah along with upcoming infrastructure investments in the region indicate sustainable storage demand
- 07/28/2021
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Brooge Energy Ltd. Applies for Permit to Start Testing and Commissioning as Final Regulatory Step Ahead of Starting its Phase II Storage Facility Operations
- Commences receipt of advance income for Phase II storage fees
- 07/14/2021
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Brooge Energy Ltd. Announces the Signing of Agreement with Oil Trader for One of the First Refineries in the Region to Produce IMO Compliant Very Low Sulphur Fuel Oil
- Company to operate new 25,000 barrel per day modular refinery to drive additional revenue at favorable EBITDA margins.
- 07/09/2021
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Moving Average Crossover Alert: Brooge Energy (BROG)
- Brooge Energy (BROG) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
- 06/10/2021
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Brooge Energy Ltd. Clients Renew 233,072 cbm of Storage Capacity at 70% Premium to Previous Pricing with Longer Term Fixed Income
- Strong market demand for oil storage continues to drive higher prices
- 06/01/2021
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Brooge Energy Ltd. Appoints Two New Independent Members to the Board of Directors
- NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates, today announced the appointment of Nariman Karbhari and Tony Boutros as independent members of its Board of Directors effective as of May 16, 2021. Messrs. Boutros and Karbhari have each been appointed as members of the Board's Audit Committee and Mr. Boutros has been appointed as Chairman of the Audit Committee as well.
- 05/20/2021
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Brooge Energy Ltd. Announces Filing of Form F-3 Shelf Registration Statement and Intention to Offer Securities Primarily to Fund Phase III Expansion Project
- Phase III expansion is expected to increase storage capacity by up to 3.5 million m3
- 04/22/2021
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Brooge Energy Reports Revenue of $41.8 Million for the Year Ending December 31, 2020
- Net income improves to $17.2 million for 2020, compared with a loss of $75.3 million for 2019
- 04/05/2021
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Brooge Energy Announces Exceptional Safety Record Since Operations Began
- NEW YORK, March 23, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiaries Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”), announced today it has reached a major milestone by reporting 3.75 million hours worked without any safety issues, including zero long term injuries (“LTI”), zero product spills and all products delivered to customer specifications, among other industry related KPI's.
- 03/23/2021
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Brooge Energy Subsidiary, BPGIC, Wins International Award for Best Terminals of the Year in the Middle East for the Year 2021
- NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”), today announced its wholly-owned subsidiary Brooge Petroleum and Gas Investment FZE (“BPGIC”) has won the Global Ports Forum Award (the “Forum”) for the best terminals of the year in the Middle East for the year 2021. BPGIC received this award - for the third time in a row - in recognition of its efforts and contribution to the field of oil and fuel storage in the port of Fujairah. The Global Ports Forum was launched in 2008 in Singapore, to foster cooperation between ports around the world. The forum is committed to improving global ports and promoting port interests, and provides an overview of emerging trends in the port industry at the global level.
- 03/11/2021
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Brooge Energy Engages Ernst & Young (EY) to Perform Feasibility Study for Phase III Facility
- NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiaries Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”), today announced it has engaged Ernst & Young (“EY”) to perform a feasibility study for its Phase III oil storage facility.
- 02/16/2021
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Brooge Energy Issues 2020 Letter to Shareholders
- Phase II launch to now commence during H1 2021 as COVID-19 restrictions cause supply chain disruptions, impacting the final construction stage Phase II launch to now commence during H1 2021 as COVID-19 restrictions cause supply chain disruptions, impacting the final construction stage
- 12/21/2020
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BPGIC Signs Two New Oil Storage Contracts for its Phase I Facility at 60% Premium, Driving Further Margin Expansion
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BPGIC Signs Three New Oil Storage Contracts for its Phase I Facility at 50% Premium, Driving Further Margin Expansion
- NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business, announced today that BPGIC has signed offtake contracts with three regional oil trading companies for total geometric storage capacity of 129,000 cbm at a 50% premium to previous contracts.
- 12/07/2020
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Brooge Energy Reports Revenue of $23 million for the Six Months Ending June 30, 2020
- Management hosted a conference call on Monday, November 30, 2020 at 8 a.m. ET Management hosted a conference call on Monday, November 30, 2020 at 8 a.m. ET
- 11/30/2020
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Brooge Energy to Host Financial Results and Shareholder Update Conference Call on Monday, November 30th at 8 a.m. ET
- Company has filed its financial results for the six months ended June 30, 2020 with the SEC on Friday, November 27th
- 11/27/2020
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Brooge Energy LTD Subsidiary, Brooge Petroleum and Gas Investment Company FZE, Contemplating New Senior Secured Bond Issue
- NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”), announced today its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), is pursuing the issuance of a new 5-year senior secured bond of up to US$200 million (with potential follow-on issuances of up to US$125 million for a maximum aggregate amount of US$325 million) in the Nordic bond market. The Company has retained Pareto Securities as Sole Manager to assist with the transaction. The net proceeds from the new bond issue are expected to be used to repay existing debt and to fund remaining capital expenditures for Phase II, amongst other initiatives. If completed, this transaction would enable the Company to have a single consolidated debt facility for both Phase I and II that the Company believes is more reflective of its valuation of the assets and growth profile. There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed.The bonds will be offered only to qualified institutional buyers in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The bonds will not be registered under the Securities Act or the securities laws of any other jurisdiction and will not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions’ securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the bonds or any other securities, nor shall there be any offer, solicitation or sale of the bonds or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.About Brooge Energy LimitedBrooge Energy, formerly known as Brooge Holdings, conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity. BPGIC is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. BPGIC’s oil storage business differentiates itself from competitors by providing its customers with fast order processing times, excellent customer service and high accuracy blending services with low oil losses. For more information please visit www.broogeholdings.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties concerning BPGIC’s and Brooge Energy’s expected financial performance, as well as their strategic and operational plans. The actual results may differ materially from expectations, estimates and projections due to a number of risks and uncertainties and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “would,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to: (1) BPGIC’s ability to consummate the bond offering on commercially reasonable terms; (2) the ultimate geographic spread, duration and severity of the coronavirus outbreak and the effectiveness of actions taken, or actions that may be taken, by governmental authorities to contain the outbreak or ameliorate its effects; (3) BPGIC’s ability to obtain financing for Phase III on commercially reasonable terms; (4) BPGIC’s ability to negotiate and enter into development and offtake agreements on commercially reasonable terms; (5) the results of technical and design feasibility studies, including the Phase III FEED study; (6) the loss of any end-users; (7) changes in customer demand with respect to ancillary services provided by BPGIC including throughput, blending, heating, and intertank transfers; (8) BPGIC’s ability to effectively manage the risks and expenses associated with the construction of Phase II, Phase III and other growth and expansion projects; and (9) other risks and uncertainties indicated from time to time in filings with or submissions to the SEC by Brooge Energy. Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.Investor Contact KCSA Strategic Communications Valter Pinto / Elizabeth Barker +1 212-896-1254 or +1 212-896-1203 BROG@kcsa.com
- 08/10/2020
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Brooge Energy LTD Commences Hydrotesting for Phase II Storage Facility Expansion
- NEW YORK, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has commenced hydrotesting for its Phase II storage facility expansion, an important milestone that signifies the advanced stage of the terminal’s development.With the commencement of all the necessary hydrotests, the development of the Phase II facility has now entered into some of the testing stages required of the construction process. Hydrotesting is considered a major milestone of this process confirming the tank integrity. Once Phase II construction is finalized, the facility will increase the Company’s total geometric oil storage capacity to approximately 1 million m3 or 6.3 million barrels, from its current geometric capacity of approximately 400,000 m3, or 2.5 million barrels, and also enables the Company to offer crude oil storage using some of the latest technology to enhance Company performance and operational efficiency.Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said, “We are nearing an advanced and important leg of the construction of our Phase II oil storage facility and are very pleased to reach this milestone, notwithstanding the current challenges due to ongoing restrictions. Once completed, we believe this facility will make us the second largest non-captive storage provider in Fujairah. The facility is already fully contracted on a multi-year basis so will be operating at full capacity and revenue-generating as soon as it is operational and past the testing and commissioning stage.”About Brooge Energy LimitedBrooge Energy, formerly known as Brooge Holdings, conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity. BPGIC is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. BPGIC’s oil storage business differentiates itself from competitors by providing its customers with fast order processing times, excellent customer service and high accuracy blending services with low oil losses. For more information please visit www.broogeholdings.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties concerning BPGIC’s and Brooge Energy’s expected financial performance, as well as their strategic and operational plans. The actual results may differ materially from expectations, estimates and projections due to a number of risks and uncertainties and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “would,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the ultimate geographic spread, duration and severity of the coronavirus outbreak and the effectiveness of actions taken, or actions that may be taken, by governmental authorities to contain the outbreak or ameliorate its effects; (2) BPGIC’s ability to obtain financing for Phase III on commercially reasonable terms; (3) BPGIC’s ability to negotiate and enter into development and offtake agreements on commercially reasonable terms; (4) the results of technical and design feasibility studies, including the Phase III FEED study; (5) the loss of any end-users; (6) changes in customer demand with respect to ancillary services provided by BPGIC including throughput, blending, heating, and intertank transfers; (7) BPGIC’s ability to effectively manage the risks and expenses associated with the construction of Phase II, Phase III and other growth and expansion projects; and (8) other risks and uncertainties indicated from time to time in filings with or submissions to the SEC by Brooge Energy. Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.Investor Contact KCSA Strategic Communications Valter Pinto / Elizabeth Barker +1 212-896-1254 or +1 212-896-1203 BROG@kcsa.com
- 08/06/2020
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Brooge Energy LTD Appoints Mr. Abu Bakar Chowdhury as Chairman of the Audit Committee
- NEW YORK, July 29, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today announced the appointment of Mr. Abu Bakar Chowdhury, independent director of Brooge Energy Limited, as Chairman of the Audit Committee effective immediately.Mr. Chowdhury has replaced Mr. Saeb El-Zein who has resigned as Chairman and member of the Audit Committee and from the Board of Directors due to personal reasons. Dr. Yousef Al Assaf, an independent director and Chairman of the Board of Directors, has joined the Audit Committee. The Audit Committee is now comprised of Mr. Chowdhury, Dr. Al Assaf and Dr. Simon Madgwick each of whom are both “independent directors” as defined for Audit Committee members under NASDAQ listing standard and the rules and regulations of the SEC and “financially literate,” as defined under NASDAQ’s listing standards.Mr. Chowdhury qualifies as an “audit committee financial expert,” as that term is defined in the instruction to paragraph (a) of Item 16A of Form 20-F under the Exchange Act and as a financially sophisticated audit committee member under NASDAQ listing rule 5605(c)(2)(A).Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, stated, “On behalf of the Board of Directors and management team, we want to thank Mr. Saeb El-Zein for his positive contribution to the Company and wish him the best in his future endeavors.”About Brooge Energy Limited Brooge Energy, formerly known as Brooge Holdings, conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity. BPGIC is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. BPGIC’s oil storage business differentiates itself from competitors by providing its customers with fast order processing times, excellent customer service and high accuracy blending services with low oil losses. For more information please visit www.broogeholdings.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties concerning BPGIC’s and Brooge Energy’s expected financial performance, as well as their strategic and operational plans. The actual results may differ materially from expectations, estimates and projections due to a number of risks and uncertainties and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “would,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the ultimate geographic spread, duration and severity of the coronavirus outbreak and the effectiveness of actions taken, or actions that may be taken, by governmental authorities to contain the outbreak or ameliorate its effects; (2) BPGIC’s ability to obtain financing for Phase III on commercially reasonable terms; (3) BPGIC’s ability to negotiate and enter into development and offtake agreements on commercially reasonable terms; (4) the results of technical and design feasibility studies; (5) the loss of any end-users; (6) changes in customer demand with respect to ancillary services provided by BPGIC including throughput, blending, heating, and intertank transfers; (7) BPGIC’s ability to effectively manage the risks and expenses associated with the construction of Phase II, Phase III and other growth and expansion projects; and (8) other risks and uncertainties indicated from time to time in filings with or submissions to the SEC by Brooge Energy. Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.Investor Contact KCSA Strategic Communications Valter Pinto / Elizabeth Barker +1 212-896-1254 or +1 212-896-1203 BROG@kcsa.com
- 07/29/2020
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Brooge Energy LTD Announces Completion of Basic Design for Phase III Facility
- NEW YORK, July 15, 2020 -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside.
- 07/15/2020
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Brooge Holdings Ltd to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / July 7, 2020 / Brooge Holdings Ltd (NASDAQ:BROG) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on July 7, 2020 at 8:00 AM Eastern ...
- 07/07/2020
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Brooge Energy Reports Record Revenue of $44 million for Fiscal Year 2019, an Increase of 23% Year-Over-Year
- NEW YORK, June 30, 2020 -- Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside.
- 06/30/2020
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Brooge Energy Ltd to Host Fiscal 2019 Earnings Call on July 7, 2020
- Brooge Energy Limited (“Brooge Energy” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has filed a Form 12b-25, a Notification of Late Filing, with the Securities and Exchange Commission in order to extend the due date of its Annual Report on Form 20-F for the period ended December 31, 2019 for fifteen calendar days, as permitted by Rule 12b-25 under the Securities Exchange Act. The Company currently expects that it will file the Annual Report on or before June 30, 2020, the expiration date of the fifteen calendar day extension period.
- 06/15/2020
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Brooge Energy Limited (BROG): Hedge Funds Getting Bullish
- In this article we will take a look at whether hedge funds think Brooge Energy Limited (NASDAQ:BROG) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
- 06/15/2020
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Brooge Energy LTD Signs Offtake Agreement with Super Major Oil Company
- Brooge Energy Limited (“Brooge Energy” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has signed an offtake contract with an oil trading company which is one of the “Super major” oil companies in the world, to provide oil storage in Phase I for an initial six month period commencing on 28th April 2020. The contract is renewable for another six months subject to agreement from both parties.
- 05/04/2020
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Brooge Energy Ltd Postpones Filing of 2019 Annual Report
- Brooge Energy Limited (“Brooge Energy” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has filed a Form 6-K with the Securities and Exchange Commission for an automatic 45-day extension to file its Annual Report on Form 20-F for the year ended December 31, 2019 as granted by the Securities and Exchange Commission amidst the current global pandemic. The Company anticipates filing the Annual Report with the SEC on or before the new deadline of June 15, 2020.
- 04/29/2020
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Brooge Energy Appoints Syed Masood Ali as Acting Chief Financial Officer
- Brooge Energy Limited (“Brooge Energy” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today the appointment of Syed Masood Ali as Chief Financial Officer. Saleh Yammout, former CFO, is to continue working with the Company as a board member.
- 04/27/2020
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BROOGE ENERGY LTD ANNOUNCES TECHNICAL STUDIES FOR REFINERY AND PHASE III OIL STORAGE TERMINALS
- Technical Advisor in FEED Study, MUC, was the firm that designed the Phase I and II facilitiesUpon completion of Phase III, Brooge Energy may reach up to 4,500,000 m3 of storage.
- 04/22/2020
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Brooge Energy Ltd CEO Provides Update on Operations and Company Vision in Open Letter to Shareholders
- Brooge Energy Limited (“Brooge Energy” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today issued a letter to its shareholders from its Chief Executive Officer, Nicolaas L. Paardenkooper. 2020 is set to be a significant year for Brooge Energy as we expect to increase our storage capacity, accelerate revenue growth and further entrench our position as a leading oil storage provider in the Port of Fujairah, UAE, one of the largest global oil export hubs.
- 04/13/2020
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BROOGE HOLDINGS ANNOUNCES SHAREHOLDER APPROVAL TO CHANGE NAME TO BROOGE ENERGY LIMITED
- NEW YORK, April 07, 2020 -- Brooge Holdings Limited (NASDAQ: BROG) ("Brooge"), a midstream oil storage and service provider strategically located outside the Strait of Hormuz,.
- 04/07/2020
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BROOGE HOLDINGS ANNOUNCES CHANGE OF LOCATION AND TIME OF EXTRAORDINARY GENERAL MEETING TO CHANGE NAME
- Shareholders are directed to the instructions available in both the Notice of Extraordinary General Meeting and the Notice of Adjournment of Extraordinary General Meeting on how to attend the Meeting and vote their shares, either in person or by telephone. Brooge Holdings Limited is an exempted company incorporated under the laws of the Cayman Islands.
- 03/25/2020
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BROOGE HOLDINGS PROVIDES UPDATE ON OPERATIONS DURING COVID-19 AND COMMODITY PRICE VOLATILITY
- Brooge Holdings Limited (“Brooge Holdings” or the “Company”) (BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today that the Company’s business and operations are continuing largely uninterrupted by the coronavirus (COVID-19) outbreak and commodity price volatility at this time. The Company’s high-tech terminal with automatic solutions enables it to safely operate the facility with a limited number of staff.
- 03/24/2020
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Why Brooge Holdings Limited’s (NASDAQ:BROG) Return On Capital Employed Is Impressive
- Today we'll look at Brooge Holdings Limited (NASDAQ:BROG) and reflect on its potential as an investment. Specifically...
- 03/23/2020
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BPGIC and FOIZ Have a Prestigious Signing Ceremony for BPGIC’s New Land Lease at London IP Week
- Brooge Holdings Limited (“Brooge Holdings”) (BROG) and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business announced today that BPGIC had a prestigious signing ceremony in London during the International Petroleum week with Fujairah Oil Industrial Zone (“FOIZ”) to mark the signing of their previously announced land lease agreement. The prime plot of land is strategically located having a direct access to the sea and the Port’s main road, with a total area of approximately 450,000 m2 on which BPGIC plans to develop its Phase III facility. BPGIC intends to use the land to further increase its capacity for storage and refinery services by developing additional storage and refining capacity using the same award-winning technology, technical features and tank diversification as used in Phase I and Phase II. BPGIC’s initial studies indicate that the land could house up to approximately 3.5 million m3 of storage tanks and, potentially, a refinery with a capacity of up to 180,000 bbl per day.
- 02/27/2020
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BPGIC Signs a New Refinery Agreement
- NEW YORK, Feb. 24, 2020 -- Brooge Holdings Limited (“Brooge Holdings”) (NASDAQ: BROG) and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”),.
- 02/24/2020
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BPGIC And Sahara Energy Announce Their Mutual Agreement To Discontinue Their Joint Development Project to Install a Modular Refinery at BPGIC’s Terminal
- Brooge Holdings Limited (“Brooge Holdings”) (BROG) and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business announced today that BPGIC and Sahara Energy Resources DMCC (“Sahara”) have mutually agreed to discontinue their joint development project that would have resulted in Sahara’s installation of a modular refinery at BPGIC’s terminal. After conducting several technical studies over the past few months, BPGIC and Sahara decided to discontinue their joint development project due to their differing perspectives and visions for the refinery.
- 02/21/2020
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BROOGE HOLDINGS ANNOUNCES NOTIFICATION OF ADDITIONAL END USERS AND INTEREST OF CURRENT CUSTOMER IN PHASE III OFFTAKE
- Brooge Holdings Limited (“Brooge Holdings”) (BROG) and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business announced today that BPGIC received notification from its Phase I offtake customer, Al Brooge International Advisory LLC (“BIA”), that strong demand for oil storage and product handling in the port of Fujairah resulted in a number of attractive oil storage and product handling requests from new international end users that, after completing proper due diligence, BIA accepted. As a result, BIA began providing oil storage and handling services in prior periods to a broader base of end users and established a successful track record with the same.
- 02/18/2020
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BROOGE HOLDINGS ANNOUNCES INTENTION TO CHANGE NAME TO BROOGE ENERGY LIMITED
- NEW YORK, Feb. 14, 2020 -- Brooge Holdings Limited (NASDAQ: BROG) ("Brooge Holdings") today announced its intention to change its name to Brooge Energy Limited. The change will.
- 02/14/2020
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BPGIC Signs a New Land Lease Agreement with Fujairah Oil Industrial Zone Nearly Tripling Its Land Area in Fujairah in a Firm Step Forward towards its Major Expansion Plans
- Brooge Holdings Limited (“Brooge Holdings”) (BROG) and its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a Fujairah Free Zone Entity in the oil storage and services business announced today that BPGIC signed a land lease agreement with Fujairah Oil Industrial Zone (FOIZ) for a strategically located and prime plot of land with a total area of approximately 450,000 m2 on which BPGIC plans to develop its Phase III facility. BPGIC expects that Phase III alone could add storage and services capacity of up to three and half (3.5) times the size of BPGIC’s projected operations post-Phase II, which will be 1 million m3.
- 02/06/2020
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69 Energy Stocks Moving In Thursday's Session
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Gainers
• Rosehill Resources, Inc. (NASDAQ:ROSE) stock surged 7.4% to $1.31 during Thursday's regular session.
• Kinder Morgan, Inc. (NYSE:KMI) shares rose 3....
- 01/23/2020
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Twelve Seas and Brooge Holdings Announce Consummation of Business Combination
- Twelve Seas Investment Company (“Twelve Seas”) (BROG), a company formed for the purpose of entering into a business combination, and Brooge Holdings Limited, a Cayman Islands exempted company (“Brooge Holdings”), announced today that they have consummated their previously announced business combination, pursuant to a business combination agreement, dated April 15, 2019 (as amended, the “Business Combination Agreement”) among Twelve Seas, Brooge Holdings and Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a United Arab Emirates (“UAE”) company in the oil storage and services business, and the other parties thereto. Pursuant to the Business Combination Agreement, each outstanding ordinary share of Twelve Seas has been exchanged for one (1) ordinary share of Brooge Holdings, each outstanding warrant of Twelve Seas has been exchanged for one warrant of Brooge Holdings, each outstanding right of Twelve Seas has been converted into one-tenth of an ordinary share of Brooge Holdings, rounded down to the nearest whole share, and each outstanding unit of Twelve Seas has been broken into its component parts and then exchanged for one (1) ordinary share of Brooge Holdings, one (1) warrant of Brooge Holdings and one-tenth of an ordinary share of Brooge Holdings.
- 12/21/2019
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Twelve Seas and Brooge Holdings Announce Shareholder Approval of Business Combination
- NEW YORK, Dec. 19, 2019 -- Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), a company formed for the purpose of entering into a business combination, and Brooge.
- 12/20/2019
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Twelve Seas Announces Adjournment of Extraordinary General Meeting to December 19, 2019, Extending the Time for Shareholders to Reverse Redemption Requests
- The Extraordinary General Meeting was adjourned as provided for in the definitive proxy statement relating to the Extraordinary General Meeting filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 25, 2019 and mailed to shareholders on November 26, 2019.
- 12/18/2019
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Is Twelve Seas Investment Company (BROG) A Good Stock To Buy?
- It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
- 12/16/2019
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Twelve Seas and Brooge Holdings Announce Irrevocable Waiver of Net Cash Closing Condition
- NEW YORK, Dec. 10, 2019 -- Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), a company formed for the purpose of entering into a business combination, and Brooge.
- 12/10/2019
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