Oriole Resources plc said it had completed the conversion of the second tranche of directors’ wages into shares as part of the company’s salary sacrifice scheme. A total of £25,000 has been converted to 8,934,647 new ordinary shares of 0.1p each. Oriole added that following the issue of thee shares, the directors would collectively hold […]
Author: editorial
United receives £165,000 via warrant exercise
United Oil & Gas plc received £165,000 following two notices to exercise warrants for a total of 11,550,00 new ordinary shares of £0.01 each in the share capital of the company. The warrant shares are £0.0142857 pence per share, pursuant to the warrant instruments granted on 31 July 2017. Following the issue of the warrant […]
Prospex welcomes Podere Maiar production concession
Prospex Energy plc said its joint venture (JV) partner Po Valley Energy Ltd had received the production concession for the Podere Maiar onshore gas field in the Po Valley, northern Italy. LICENCE The gas field lies within the Selva Malvezzi production concession. Prospex owns a 37% working interest in the Podere Maiar licence with operator Po […]
Ormonde enters conditional €2.3m sale of La Zarza interests
Ormonde Mining plc has signed a conditional framework agreement for the €2.3 million sale of its interests in the La Zarza copper-gold project in Spain. TRANSACTION The transaction is with La Zarza Mineria Metalica S.L.U, a subsidiary of Spanish company Tharsis Mining S.L, which controls the mining rights to La Zarza. The sale comprises Ormonde’s […]
Europa’s Inishkea gas licence to ‘remain live’
Europa Oil & Gas (Holdings) plc said that its FEL 4/19 licence, containing the large low risk, Inishkea gas prospect, would remain live until the Irish Government rules notifies otherwise. LICENCE TERMS On 7 August 2019, Europa announced the award of FEL 4/19 which is valid for 15 years and divided into four phases, the […]
UKOG raises £1.25m via discounted placing
UK Oil & Gas plc (UKOG) has raised gross proceeds of £1.25 million via a discounted placing of 1,428,571,428 new ordinary shares at 0.0875 pence per share. PLACING The company said that the placing price represented a discount of approximately 27% to the closing price of 0.12 pence per ordinary share on 26 July 2022. […]