Brooge Energy Limited

Brooge Energy Ltd. operates as an independent oil refinery and storage company. It offers midstream oil storage and services through its subsidiary. The company was founded on April 12, 2019 and is headquartered in Fujairah, United Arab Emirates.

Company files Form 12b-25 with the SEC to extend the due date of its Annual Report on Form 20-F

Brooge Energy Ltd to Host Fiscal 2019 Earnings Call on July 7, 2020

NEW YORK, May  04, 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 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.

Brooge Energy LTD Signs Offtake Agreement with Super Major Oil Company

Disruptions resulting from the COVID-19 pandemic impacted Company’s ability to perform work related to the financial statements, delaying filing of Annual Report

Brooge Energy Ltd Postpones Filing of 2019 Annual Report

Saleh Yammout, former CFO, continues his work for the Company in his role as Board Member

Brooge Energy Appoints Syed Masood Ali as Acting Chief Financial Officer

Technical Advisor in FEED Study, MUC, was the firm that designed the Phase I and II facilities  Upon completion of Phase III, Brooge Energy may reach up to  4,500,000 m3   of storage capacity

BROOGE ENERGY LTD ANNOUNCES TECHNICAL STUDIES FOR REFINERY AND PHASE III OIL STORAGE TERMINALS

---    The Board of Directors, as fiduciaries of Brooge Energy Ltd and in the best interests of the Company, has chosen to temporarily delay issuance of its first dividend, based on market conditions during this period of global economic volatility and uncertainty

Brooge Energy Ltd CEO Provides Update on Operations and Company Vision in Open Letter to Shareholders

NEW YORK, April  07, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (NASDAQ: BROG) ("Brooge"), 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 that it held an extraordinary general meeting of its shareholders today and the shareholders of Brooge approved the change of the name of Brooge to Brooge Energy Limited and the adoption of Amended and Restated Memorandum and Articles of Association reflecting the new name. Brooge expects to begin conducting business under its new name beginning tomorrow, April 8, 2020.

BROOGE HOLDINGS ANNOUNCES SHAREHOLDER APPROVAL TO CHANGE NAME TO BROOGE ENERGY LIMITED

NEW YORK, March  25, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (NASDAQ: BROG) ("Brooge Holdings") today announced that the Extraordinary General Meeting (the “Meeting”) of Brooge Holdings Limited, a Cayman Islands exempted company (the “Company”), will now be held at the BPGIC FZE Fujairah office building, Al Rugaylat Road, Fujairah, United Arab Emirates at 10:30 a.m. Eastern Time / 6:30 p.m. Gulf Standard Time on April 7, 2020.

BROOGE HOLDINGS ANNOUNCES CHANGE OF LOCATION AND TIME OF EXTRAORDINARY GENERAL MEETING TO CHANGE NAME

The Company is currently experiencing minimal impact on ongoing business and operations during this period 

BROOGE HOLDINGS PROVIDES UPDATE ON OPERATIONS DURING COVID-19 AND COMMODITY PRICE VOLATILITY

NEW YORK, Feb.  27, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (“Brooge Holdings”) (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 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.

BPGIC and FOIZ Have a Prestigious Signing Ceremony for BPGIC’s New Land Lease at London IP Week

NEW YORK, Feb.  24, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (“Brooge Holdings”) (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 entered into a refinery agreement with its Phase I off take customer, Al Brooge International Advisory LLC (“BIA”). The Refinery Agreement provides that the parties will use their best efforts to finalize the technical and design feasibility studies for a refinery with a capacity of 25,000 bpd to be located on BPGIC’s Phase I and II land and operated by BPGIC. BPGIC and BIA further agreed to negotiate a sublease agreement and a joint venture agreement to govern the terms on which BPGIC will sublease land to BIA to locate, BIA will construct, and BPGIC will operate, the refinery. BPGIC and BIA expect that the refinery will produce low sulfur fuel oil in compliance with IMO 2020 requirements.

BPGIC Signs a New Refinery Agreement

NEW YORK, Feb.  21, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (“Brooge Holdings”) (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 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.

BPGIC And Sahara Energy Announce Their Mutual Agreement To Discontinue Their Joint Development Project to Install a Modular Refinery at BPGIC’s Terminal

NEW YORK, Feb.  18, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (“Brooge Holdings”) (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 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. BIA informed BPGIC that it expects to continue adding additional end users in the future, and reconfirmed its commitment to maintain its performance under its current contract with BPGIC.

BROOGE HOLDINGS ANNOUNCES NOTIFICATION OF ADDITIONAL END USERS AND INTEREST OF CURRENT CUSTOMER IN PHASE III OFFTAKE

NEW YORK, Feb.  14, 2020  (GLOBE NEWSWIRE) -- Brooge Holdings Limited (NASDAQ: BROG) ("Brooge Holdings") today announced its intention to change its name to Brooge Energy Limited. The change will be accomplished through an extraordinary general meeting of the shareholders. Accordingly, the board of directors has set the record date for determining stockholders entitled to vote at the Extraordinary General Meeting for Change of Name and Adoption of Amended and Restated Memorandum and Articles of Association (the “EGM”) as February 19, 2020.

BROOGE HOLDINGS ANNOUNCES INTENTION TO CHANGE NAME TO BROOGE ENERGY LIMITED

Twelve Seas Investment Co - Units (1 Ord. 1 War & 1 Rts)

NEW YORK, Dec.  20, 2019  (GLOBE NEWSWIRE) -- Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: 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.

Twelve Seas and Brooge Holdings Announce Consummation of Business Combination

NEW YORK, Dec.  19, 2019  (GLOBE NEWSWIRE) -- Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: 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 Twelve Seas held an extraordinary meeting of its shareholders today and the shareholders of Twelve Seas approved and adopted the 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, and the transactions contemplated thereby (the “Business Combination Proposal”).  The Business Combination Proposal and each of the other proposals voted on at the meeting were each approved by over 95% of the votes cast.  The parties expect the closing of the business combination to occur on December 20, 2019.

Twelve Seas and Brooge Holdings Announce Shareholder Approval of Business Combination

NEW YORK, Dec.  17, 2019  (GLOBE NEWSWIRE) -- Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), a company formed for the purpose of entering into a business combination, announced that, on December 17, 2019, it convened and then adjourned, without conducting any business, the extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) in connection with Twelve Seas’ previously announced business combination with Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), a United Arab Emirates (“UAE”) company (the “business combination”), which was scheduled to be held on December 17, 2019, until December 19, 2019, at 10:00 a.m. Eastern Time, at the offices of Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY 10105.

Twelve Seas Announces Adjournment of Extraordinary General Meeting to December 19, 2019, Extending the Time for Shareholders to Reverse Redemption Requests

News for Brooge Energy Limited Stock (BROG)