Block Energy plc has raised £1,499,974 via an institutional placing of, and direct subscriptions for, a total of 214,282,000 new ordinary shares of 0.25 pence each, at an issue price of 0.7 pence per share. TVRs The company, with oil and gas assets in Georgia, said the fundraise had attracted strong demand from new and existing investors. The fundraise, […]
Tag: oil and gas
Union Jack disappointed over Sark poor show
Union Jack Oil plc’s joint venture has had its first setback from a poor show in its fifth drilled well, Sark, in central Oklahoma, USA. PROGRAMME Operator and partner Reach Oil and Gas company plc drilled the well to a total depth of 5,391 feet, targeting an estimated 1,440,000 barrels of oil gross and a […]
Serica agrees farm-in on Wagtail discovery
Serica Energy plc has secured a 40% farm-in on the Wagtail oil discovery and the March and Bancroft exploration prospects, within licence P2530, for an initial $650,000. EXTENSION The agreement is with Australian-listed Finder Energy which currently holds the central North Sea licence with a 60% operated interest. Dana Petroleum holds the 40% balance. Serica […]
Corcel issues 556m share options and 28m shares
Corcel plc has awarded 555.6 share options to its directors under an adopted share option plan (SOP), as well as 28 million bonus shares to its executive directors. PLANS The company has also adopted a founder share plan (FSP), subject to shareholder approval. Under the FSP, Corcel will grant nominal cost share options to chief […]
Corcel increases issued share capital to 7.6bn
Corcel plc has increased its issued share capital, under an acceleration clause, with exercise of the 1,698,125,000 February 2025 warrants, for £3.85 million. TVRs The company said that the last 334,375,000 of exercised warrants came under the block admission dated 24 June 2025. Following the exercise, Corcel’s issued share capital comprises 7,630,333,138 ordinary shares, with one […]
United investors approve £2.23m fundraise
United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]