Red Rock Resources plc has issued 176,984,142 new ordinary shares of 0.01 pence each, at 0.021 pence per share, to convert a £27,666.67 loan and £9,500 of commission invoices. TVRs Following admission, the company’s total issued share capital will comprise 9,579,904,419 ordinary shares. All of the ordinary shares have equal voting rights with none held in […]
Tag: debt
Deltic agrees £7.2m cash sale to Neo Next+
Deltic Energy plc has agreed to a £7.2 million cash sale of its assets, notably its 25% interest in the Selene prospect, to the UK North Sea’s largest oil and gas producer, Neo Next+. QUALITY Each Deltic share will be sold at 7.7 pence in cash, which represents a premium of 156.7 % to the […]
Deltic in talks for three possible cash offers
Deltic Energy plc said it was in discussions on possible cash buyout offers from three separate companies. SELENE The company has been approached by Capricorn Energy plc, which is itself under a possible offer; Petrogas International E&P Coöperatief U.A., a subsidiary of Oman-based Mohammed Al Barwani LLC (MB); and private Norwegian firm Blue Concept Hld […]
Deltic mulls future after exiting sale to Viaro
Deltic Energy plc said it would consider “all other options” after the industry regulator delayed its decision for the third time on the company’s £6.9 million cash sale to Viaro Energy. DEBT The companies agreed the transaction in June 2025 and aimed to close the deal during the final quarter of the year, subject to […]
Angus takes minority role in potential Gulf assets
Angus Energy plc said that a United States-based third party would manage its potential acquisition of producing assets, offshore Gulf of America (Gulf of Mexico). DEBT The move will leave Angus with a minority, non-operated interest, allowing it to “focus financial and human capital efficiently, reduce operational risk and enhance potential returns on investment”. Any […]
Angus agrees non-binding terms for Trafigura debt
Angus Energy pl has agreed non-binding terms with Trafigura to restructure its debt in order to provide a “stable financial platform to support future operations”. ACQUISITION The terms are subject to final agreements on new covenants, revised terms with the overriding royalty interest holders, and deferred payment owed to Forum Energy Services Ltd. The company’s […]