Union Jack Oil plc has proposed to issue bonus warrants to all of its shareholders, in connection with the £2 million fundraise during August 2025. MEETING The company said that, following shareholder feedback, it would issue one bonus warrant for every four ordinary shares of five pence each, held by shareholders at 6pm on 3 […]
Tag: general meeting
United signs MoU for Walton Morant survey vessel
United Oil & Gas plc has signed a tentative agreement for a specialist survey vessel to undertake the planned piston coring and surface geochemical programme at Walton Morant, offshore Jamaica. PIVOTAL The non-binding memorandum of understanding with TDI Brooks International aims to secure a vessel, en route from Trinidad via Jamaica, during the final quarter […]
Deltic shareholders to vote on Viaro’s £6.9m offer
Deltic Energy plc shareholders are due to vote on 28 August on the £6.9 million cash offer for the company from Viarao Energy Ltd’s main operating subsidiary, RockRose Energy. SCHEDULE At least 75% of votes are needed at a court meeting and a general meeting to approve the sale, as well as sanction by the […]
Deltic agrees £7m sale to Viaro
Deltic Energy plc has agreed to sell its entire share capital for £6.9 million cash to Viaro Group’s subsidiary RockRose Energy. SELENE Viaro will also provide Deltic with a bridging loan of up to £2.7m to cover working capital before the acquisition becomes effective. Deltic has previously warned about “political and fiscal headwinds” hampering the […]
Ascent plans expansion in the USA
Ascent Resources plc has expanded its US footprint with additional producing and prospective oil and gas interests in Colorado and Utah, for a total £3.25 million. RESOURCES The acquisitions, subject to shareholder approval to issue shares, follow the December 2024 acquisition of a 49% interest in helium-rich oil and gas licences in the Paradox Basin […]
United conditionally raises £700,000
United Oil & Gas plc has conditionally raised £700,000 via a placing and subscription for a total 700 million new ordinary shares of £0.00001 each in the capital of the company, at £0.001 each. JAMAICA Proceeds will go towards work programme obligations and seeking a farm-out for the 22,400km2 Walton Morant exploration licence, offshore Jamaica. The fundraise […]