Ascent Resources plc’s arbitration process over the Petišovci gas joint venture in Slovenia has taken a further step forwards. DOMESTIC The company said that the Slovenian court had “fully rejected” the challenge by the company’s joint venture partner, Geoenergo, to the jurisdiction of the domestic arbitration tribunal. The tribunal had found in favour of Ascent’s […]
Month: September 2026
European raises £7.5m
European Green Transition plc has conditionally raised gross aggregate of £7.5 million, via a placing and subscription for 86% of the company’s issued ordinary share capital. DEBT-FREE The placing involved 64,778,653 new ordinary shares of 0.25 pence each, and a subscription for 60,221,347 new ordinary shares, at a price of six pence per ordinary share. […]
Capricorn under ‘possible offer’
Capricorn Energy plc has confirmed it had “received multiple unsolicited non-binding proposals” regarding a possible, all cash offer from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company added it had evaluated the “possible offer” with its financial and legal advisers. Capricorn has also provided due diligence access to Alamadiyaf al-Masiyyah, which is a member of […]
First Class issues 2m new shares
First Class Metals plc has issued 2,189,690 new ordinary shares following the conversion of the remaining loan notes, valued at £17,500, dated November 2025. TVRs The company said that the overall CLN of £500,000 now had no payments outstanding. Following admission, First Class’ issued ordinary share capital will comprise 282,523,058 ordinary shares, each with equal […]
Sunda granted Chuditch-2 environment licence
Sunda Energy lc has been awarded an environmental licence to drill the Chuditch-2 gas appraisal well, on the TL-SO-19-16 production sharing contract, offshore Timor-Leste. DRILLING The company said that the licence, awarded on 9 March, was valid until 9 March 2028. The licence is also subject to conditions, which include submission of a waste management […]
Power Metal increases treasury shares to 1.9m
Power Metal Resources plc bought 51,300 of its own ordinary shares of two pence each at a price of 15.2p per ordinary share. TVRs The 21 January purchase was followed by that on 26 January 2026 of 250,000 ordinary shares. All the acquired shares will be held in treasury, which now has 1,994,161 shares. Following the acquisitions, […]