Union Jack Oil plc has dismissed a “purported requisition notice” for a general meeting from a former director of the company. The company said it received the notice, dated Sunday 18 January 2026 at 7.23pm, from Craig Howie. “After reviewing the purported notice and taking legal advice, the company does not consider the purported notice […]
Legal
Ascent expects Slovenia award this quarter
Ascent Resources plc today said it still expected an award towards the end of the first quarter of this year, in relation to its Energy Charter Treaty claim against Slovenia. DELIBERATION The claim, registered with International Centre for Settlement of Investment Disputes (ICSID), is connected with the company’s Petišovci onshore gas joint venture. Ascent added that […]
Deltic defers £6.9m sale over NSTA concerns
Deltic Energy plc and its proposed buyer, Viaro Bidco, have deferred the long stop date for the £6.9 million sale until next year, after the industry regulator asked for more details to address “concerns”. DISAPPOINTED The transaction, agreed at the end of June 2025, comprises a cash offer for Deltic’s entire and to be issued […]
WCM vs UK – second arbitrator appointed
West Cumbria Mining (Holdings) Ltd and its investors’ legal dispute against the British Government over quashed plans for a deep coal mine in Cumbria has had a second arbitrator appointed. PENDING Appointed on 21 October 2025, Sean Murphy joins Michael Pryles, in the first arbitration against the UK, at the International Centre for Settlement of […]
Ascent applies to enforce €7.8m Slovenia payment
Ascent Resources plc has filed a court application to enforce the “binding” award, of an increased amount of some €7.8 million in historic hydrocarbon production proceeds, from its former Slovenian partner. INVOICES The dispute arose from Geoenergo d.o.o.’s insolvency in January 2024, following arbitration over the partners’ previous Petišovci onshore gas joint venture. The company’s […]
Rockhopper receives full €31m Italy insurance
Rockhopper Exploration plc has received the full €31 million insurance arranged to protect the company against an unsuccessful outcome in the Ombrina Mare oil field arbitration. CLARITY In June, the company lost the second tranche payment in its dispute with the Italian Government, during proceedings at the International Centre for Settlement of Investment Disputes (ICSID). The arbitration […]