Union Jack Oil plc has purchased its first international interest with a 3.22% stake in onshore Germany-focused oil and gas company Beacon Energy plc. SYNERGY The purchase is equivalent to 439 million shares in the production, development, appraisal and exploration company through its wholly owned subsidiary, Rhein Petroleum GmbH. Union Jack’s acquisition was part of […]
Tag: investments
Ormonde plans majority share in Golden Rose
Ormonde Mining plc plans a 36.2% controlling investment, with an option for a further 10%, in a Canadian explorer of a gold-copper asset with “world-class” potential in Newfoundland. CAPITAL The company said that the acquisition, subject to Ormonde shareholder approval, is via a private subscription for 60 million new common shares of TRU Precious Metals […]
Portillion withdraws plans to buy Reabold
Reabold Resources plc’s prospective buyer announced it would not make an offer after the oil and gas investor “failed to engage meaningfully” over the proposed transaction. PORTILLION Portillion SPV O&G executive chairman Kamran Sattar made the offer in mid-March. The company was established to “acquire and manage companies in the energy sector engaging in the […]
NSTA plans to boost oil and gas production and remove investment barriers
North Sea oil and gas production could be quickened by streamlining the sale and purchase of assets and removing investment barriers, said the North Sea Transition Authority (NSTA). DELAYS The regulatory body has opened a consultation after operators and licensees voiced worries over transaction delays which could damage working relationships, increase costs and delay operational […]
Reabold appoints Anthony Samaha as NED
Reabold Resources plc has appointed Anthony Samaha as non executive director. Mr Samaha previously acted as the company’s finance director.
Critical Metals eyes new ventures after losses widen
Critical Metals plc announced an increase in losses during 2020 but remained confident of progress this year with potential opportunities. EVALUATION Results for H2 2020 showed a net loss of £152,111 compared with £17,437 for the same period in 2019. The group had cash reserves of £630,148 (2019: £34,342) and raised £800,000. In September 2020 it listed […]