News Oil & Gas

Corcel directors buy 45m shares

Corcel plc directors have bought a total of 45 million ordinary shares each of £0.0001, at a price of £0.003 each in the company. HOLDINGS Chief executive officer Scott Gilbert purchased 25m ordinary shares for £75,000, which takes his total shareholding to 75.5m equal to 1.35% of the issued share capital, along with 31,490,580 options. […]

News Oil & Gas

Serica sells 46.25% stake in Cygnus to Ithaca

Spirit Energy Ltd has agreed a £215 million sale of a 46.25% interest in the Cygnus gas field, 150km east of the Lincolnshire coast in the Southern North Sea. VALUE The company will retain a 15% stake while Israeli purchaser and operator Ithaca Energy plc will hold 85%. Spirit’s 2P reserves will reduce by 19.4 million […]