Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
Tag: losses
Harbour posts record production
Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Beacon temporarily suspends trading
Beacon Energy plc today temporarily suspended its shares from trading until it announces and publishes an admission document. LOSSES The company’s local subsidiary previously accumulated debts of €7.5 million following a poor show from drilling on the Erfelden field in Hessen, Germany. In January, Beacon became a cash shell after creditors sold certain assets, marking […]