Corcel plc has appointed Scott Gilbert as interim chief executive with immediate effect and, subject to customary regulatory checks, to the board as an executive director. Mr Gilbert is a co-founder and vendor of Atlas Petroleum Exploration Worldwide Ltd with interests in blocks acquired by Corcel in the Kwanza Basin, Angola. He has since December […]
Tag: oil and gas
Put option exercised over 99m Corcel shares
Corcel plc said that the put option agreement over 99m shares of the company, representing 4.87% of the ordinary shares currently in issue, has been exercised with Extractions Premium & Mining Ltd (EXT). EXT, which currently holding 21.26% of Corcel, will also acquire an additional 100m new ordinary shares of Corcel following a forthcoming general meeting […]
Serica starts up to 38m share buyback
Serica Energy plc has started its inaugural share buyback programme of up to 38,322,063 ordinary shares of US$0.10 each in the company for up to a maximum £15 million. STRATEGY The company’s shareholders authorised the programme at the 2023 general meeting. “The decision to initiate a buyback follows extensive discussions by the board,” said chairman […]
Baron appoints new chairman in board changes
Baron Oil plc has made further board changes with the appointment of Gerry Aherne as new independent non-executive chairman, with immediate effect. Technical director Jon Ford will leave the board at the end of April 2024 but will be retained in a part-time consultancy role to act as a technical adviser. John Chessher has […]
Ascent to appoint David Bullion as NED
Ascent Resources plc intends to appoint David Bullion as a non-executive director among other board changes as it enters the mid-stream sector. Mr Bullion is CIO of American Helium and CEO of GNG Partners LLC, having previously held senior positions across the world during his 20 years with BP. Ascent also intends to appoint Edouard […]
Union Jack appoints Craig Howie as NED
Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED Raymond Godson retires from the board following the company’s general meeting on 27 June. Executive chairman David Bramhill said: […]