Orcadian Energy plc has issued 273,749 ordinary shares to settle £35,000 of the face value of the December 2025 loan amount. TVRs Following the conversion, a total of £317,500 in aggregate face value of CLNs remains outstanding. On admission, the company’s total voting rights will be 80,260,726 ordinary shares. Orcadian holds oil and gas licence interests in the […]
Day: 16 September 2026
Oriole increases Mbe inferred MRE
Oriole Resources plc has published a JORC inferred mineral reserves estimate of 1.66 million oz contained gold, with a mean grade of 1.02g/t, for the combined MB01-S and MB01-N deposits at Mbe in Cameroon. EXTENSIONS The figures follow completion during June of “a relatively modest amount of drilling” of 10 step-out holes for 2,476.80m. Consultant […]
Serica secures new $750m RBL
Serica Energy plc has signed a new six-year, senior secured reserves based lending facilities for an aggregate $750 million (£562m). FLEXIBILITY The total sum comprises $500m (£375m) secured revolving loan facility and a $250m (£187m) secured revolving letter of credit facility. The company said that the new facilities were oversubscribed and replace its current $525m […]
Capricorn under second possible offer
Capricorn Energy plc has confirmed it has received a proposal on a possible offer, of 381 pence per share, from private investor Samos Energy Ltd. UNDERTAKINGS The offer price, published on 22 July, is similar to the 2 July agreement between Capricorn and Genel Energy plc of US$4.74 (£3.57) for each share, comprising US$3.75 cash […]