Profits rose more than 50% during a year of “significant” operational and financial progress for Europa Oil & Gas (Holdings) plc. WRESSLE Results ended 31 July 2023 show stable revenue of £6.7 million “despite a lower oil price and weaker pound” (2022: £6.6m). Gross profit increased by 53% to £3.4m (2022: £2.2m) with pre-tax loss […]
Author: editorial
Star Energy NED Doug Fleming to leave
Star Energy Group plc independent non-executive director Doug Fleming intends to leave for a new full-time executive role. Mr Fleming, who was appointed to the role in January 2023, will remain in his current role until 23 January 2024. Chairman Philip Jackson said: “On behalf of the company and board, we extend our thanks to […]
Horizonte stockpiles 138,000t ore at Araguaia
Horizonte Minerals plc had stockpiled 138,000 tonnes of ore averaging 1.92% nickel and spent US$429 million as of 30 September at the Araguaia project in Brazil. COSTS The company said it continued to progress during Q3 with construction at the site and advance financing discussions with its cornerstone shareholders and lenders. Horizonte expects a detailed […]
Europa CEO buys 781,767 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 781,767 ordinary shares of £0.01 each in the company at an average price of 1.198 pence per ordinary share. Following the purchase, Mr Holland is beneficially interested in a total 2,090,124 ordinary shares, representing approximately 0.218% of the company’s issued share capital.
Orcadian signs lock-in with shareholder for new investor
Orcadian Energy plc has signed a six-month lock-in agreement over 7,049,695 ordinary shares in the company to allow a third-party investment deal. NEW INVESTORS Former director Greg Harding and his wife Nora Harding agreed not to sell their 9.35% holding from 23 October for that period of time except in certain limited circumstances. Orcadian, which […]
Beacon grants 500m share options to directors and employees
Beacon Energy plc has granted options over a total 503,565,644 ordinary shares of nil pence each in the capital of the company to its directors and employees. DIRECTORS The options are exercisable at 0.15 pence per ordinary share, being the issue price at the company’s £4.3 million fundraise in September. Beacon has also reached agreement with […]