Rockliff

Rockcliff Energy to be Acquired by TG Natural Resources

Retrieved on: 
Saturday, December 16, 2023
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HOUSTON, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Rockcliff Energy II LLC, (“Rockcliff”), a portfolio company of Quantum Energy Partners (“Quantum”), today announced the entry into a definitive agreement with TG Natural Resources LLC (“TGNR”), in which TGNR will acquire 100% of the membership interests in Rockcliff for US$ 2.7 billion, prior to customary adjustments (the “Transaction”).

Key Points: 
  • HOUSTON, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Rockcliff Energy II LLC, (“Rockcliff”), a portfolio company of Quantum Energy Partners (“Quantum”), today announced the entry into a definitive agreement with TG Natural Resources LLC (“TGNR”), in which TGNR will acquire 100% of the membership interests in Rockcliff for US$ 2.7 billion, prior to customary adjustments (the “Transaction”).
  • Rockcliff is a premier upstream natural gas company focused on developing the East Texas Haynesville shale.
  • With this acquisition, TG Natural Resources is committed to leadership in the Haynesville Play, one of the world’s most important sources of clean natural gas.
  • J.P. Morgan Securities served as financial advisors to Rockcliff and Vinson & Elkins LLP served as legal counsel to Rockcliff.

Labor maintains large Newspoll lead, but support for Voice slumps

Retrieved on: 
Monday, June 5, 2023
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A federal Newspoll, conducted May 31 to June 3 from a sample of 1,549, gave Labor a 55-45 lead, unchanged from the last Newspoll, three weeks ago.

Key Points: 
  • A federal Newspoll, conducted May 31 to June 3 from a sample of 1,549, gave Labor a 55-45 lead, unchanged from the last Newspoll, three weeks ago.
  • Primary votes were 38% Labor (steady), 34% Coalition (steady), 12% Greens (up one), 6% One Nation (down one) and 10% for all Others (steady).
  • Support for the Indigenous Voice to parliament slumped to a 46-43 lead for “yes” with 11% undecided, from a 53-39 lead in early April.

Essential poll: 52-43 to Labor including undecided

    • In last week’s Essential poll, conducted May 24-28 from a sample of 1,138, Labor led by 52-43 including undecided (53-42 the previous fortnight).
    • Primary votes were 34% Labor (down one), 31% Coalition (steady), 15% Greens (up one), 6% One Nation (up one), 2% UAP (up one), 7% for all Others (down one) and 5% undecided (steady).

Freshwater poll only gives Labor a 52-48 lead

    • The Poll Bludger reported on May 22 that a Freshwater poll for The Financial Review, conducted May 15-17 from a sample of 1,005, gave Labor a 52-48 lead, a two-point gain for the Coalition since December.
    • Primary votes were 37% Coalition (steady), 34% Labor (down three), 12% Greens (steady) and 17% for all Others (up three).
    • An April Freshwater poll had given “yes” an overall 56-44 lead.
    • A Painted Dog WA poll for The West Australian gave Albanese a net +23 approval while Dutton was at net -32.

Opposition to Voice drops in Morgan poll

    • A Morgan SMS poll, conducted May 26-29 from a sample of 1,833, had support for an Indigenous Voice to parliament at 46% (steady since mid-April), opposition at 36% (down three) and 18% undecided (up three).
    • Excluding undecided, “yes” led by 56-44, a two-point gain for “yes”.
    • Morgan’s weekly voting intentions poll gave Labor a 55.5-44.5 lead last week, unchanged on the previous week but a 1.5-point gain for the Coalition since three weeks ago.

WA Premier Mark McGowan resigns

    • Labor Western Australian Premier Mark McGowan announced his resignation as premier and member for Rockingham last Monday.
    • At the March 2021 WA state election, McGowan led Labor to the biggest landslide win in Australian state or federal political history.
    • They won 53 of the 59 lower house seats and 22 of the 36 upper house seats – the first WA Labor upper house majority.

US debt limit deal passes Congress

    • I covered the passage of the US debt limit deal between President Joe Biden and Republican House Speaker Kevin McCarthy through Congress last week for The Poll Bludger.
    • My tactical analysis of the deal was harsh on McCarthy, saying he was more like a pussycat than a tiger.

Morgan Victorian poll: 61.5-38.5 to Labor

    • A Victorian SMS Morgan state poll, conducted May 17-22 from a sample of 2,095, gave Labor a 61.5-38.5 lead over the Coalition (55.0-45.0 at the November 2022 election).
    • Primary votes were 42% Labor, 28.5% Coalition, 12.5% Greens and 17% for all Others.
    • By 52.5-47.5 voters approved of Labor Premier Daniel Andrews’ performance (57.5-42.5 in a November Morgan poll).
    • Respondents were asked why they approved or disapproved, with many who disapproved of Pesutto citing his handling of the Moira Deeming affair.

NSW Resolve poll: Labor honeymoon after election win

    • Two party estimates are not generally provided by Resolve, but Labor is far ahead.
    • Incumbent Chris Minns led new Liberal leader Mark Speakman as preferred premier by 42-12.

Tasmanian EMRS poll: Liberals slump but Labor doesn’t benefit

    • A Tasmanian state EMRS poll, conducted May 15-19 from a sample of 1,000, gave the Liberals 36% of the vote (down six since February), Labor 31% (up one), the Greens 15% (up two) and all Others 18% (up three).
    • Tasmania uses a proportional system for its lower house, so a two party estimate is not applicable.