Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]
Author: editorial
Kavango secures new licence and renews six in Botswana
Kavango Resources plc has been awarded a new licence and renewed six existing ones at its two polymetallic projects in Botswana. PROJECTS The company’s new licence and renewal of five is in the Kalahari Suture Zone project. Kavango has also renewed its licence in its 50-50 joint venture with Power Metal Resources plc, currently under […]
Prospex receives £90,000 via warrant exercise
Prospex Energy plc has received £90,000.48 following notice for the exercise of warrants to subscribe for 3,000,016 new ordinary shares of 0.1p in the company. Since July 2022, the gas and power company has gained a total £2,739,400 from the proceeds of warrant exercises and loan notes. Today’s news relates to warrant agreements from February […]
Europa agrees £1m loan from Union Jack
Europa Oil & Gas (Holdings) plc has agreed a £1 million loan from Wressle onshore hydrocarbon partner Union Jack Oil plc for its developments that could include the Serenity offshore oil discovery. TERMS The loan is for 18 months and secured against an unencumbered 10% interest in the Wressle field (PEDL180, and PEDL182), with associated […]
UKOG appoints Guzyal Mukhametzhanova as CFO
UK Oil & Gas plc has appointed Guzyal Mukhametzhanova as chief financial officer (CFO) in a non-board position. She replaces Matt Gormley who is leaving the company for a new post. Ms Mukhametzhanova started her career within KPMG’s energy and natural resources practice before joining JKX Oil and Gas Ltd as group financial controller and […]
UK Oil & Gas CFO Matt Gormley steps down
UK Oil & Gas plc chief financial officer Matt Gormley has stepped down. Mr Gormley, who was appointed to the post in November 2021, is leaving for a new position.