Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]
Author: editorial
Hummingbird attains full compliance with RGMP
Hummingbird Resources plc said it had achieved full compliance with World Gold Council (WGC) Responsible Gold Mining Principles (RGMP) within the shortest possible timeframe at corporate level and its Yanfolila gold mine in Mali. ESGs In June 2020, the company joined the WGC in its commitment to operate responsibly with strict environmental, social and governance […]
Baron raises £6m for Timor Leste-North Sea assets
Baron Oil plc has conditionally raised £6 million before expenses via a placing, subscription and a retail offer. DIRECTORS’ DEALINGS The placing was for a total 4,166,666,667 new ordinary shares of 0.025p each in the company at 0.12 pence per new ordinary share. Chief executive Andrew Yeo subscribed for 8m new ordinary shares, taking his holding to 193m, […]
United to bring ASH-4 on stream at Abu Sennan
United Oil & Gas plc said it expected to bring on stream the ASH-4 development well in the Abu Sennan joint venture (JV) licence onshore Egypt. ASH-4 ASH-4 is a step-out development well in the ASH field reached total depth of 4,000 and encountered 20 metres of net pay through the primary Alam El Bueib […]
Orcadian granted licence extension for Pilot
Orcadian Energy plc has received a one-year extension to its licence P2244 containing the Pilot oil field in the North Sea. DEVELOPMENT The second term of licence P2244, granted by the North Sea Transition Authority (NSTA), was due to expire at the end of November 2022 but will now remain valid until the end of […]
Baron Oil appoints Keith Bush as NED
Baron Oil plc has appointed Keith Bush as an independent non-executive director, with immediate effect. Mr Bush has a petroleum background and worked for more than 30 years in the energy industry. He spent six years with Amerada Hess Ltd followed by five years with Burlington Resources. Mr Bush then held senior management positions with […]