Tullow Oil plc has signed a sale and purchase agreement to sell all the shares in its Gabonese subsidiary to Gabon Oil Company for US$300 million cash, net of tax. DEBT The move, covering all of Tullow’s non-operated working interests in Gabon, follows the binding heads of terms signed in March. Payment is due following […]
Day: 19 June 2025
Harbour grants 3.7m share awards to executives
Harbour Energy plc has granted an aggregate 3,718,143 share awards to executive directors under the company’s shareholder-approved 2025 long term incentive plan. BUSINESS On 9 May, chief executive Linda Z Cook received a total of 1,454,789 contingent share awards equal to 300% of her salary. Chief financial officer Alexander Krane received 746,045 share awards (240%). […]
United issues 12.5m shares in warrants exercise
United Oil & Gas plc has issued 12.5 million new ordinary shares of £0.00001 each in the company after receiving notices to exercise warrants at a price of £0.0015 per warrant share, for £18,750. TVRs The warrants were issued as part of the December 2024 fundraise and received approval in January 2025. Following admission, United’s […]