Sunda Energy plc has deferred drilling the Chuditch-2 appraisal well offshore Timor Leste to the first half of 2026 because it was unable to agree a rig contract. LOGISTICS Drilling, already once deferred from its original date of early 2025, was due to begin during the second half of this year on the field under […]
Tag: oil and gas
Reabold co-CEOs buy 170m shares
Reabold Resources plc’s co-chief executive officers today purchased in total 169,906,363 ordinary shares in the company. OWNERSHIP Sachin Oza purchased 79,000,000 ordinary shares at 0.0625 pence per share for £49,375. Mr Oza, along with persons closely associated with him, now owns 298,720,298 ordinary shares, representing 2.93% of the company’s issued share capital. Stephen Williams bought […]
Borders NED acquires 122,807 shares
Borders & Southern Petroleum plc non-executive director William Hodson has acquired 122,807 ordinary shares of 1p in the company at 6.7p per ordinary share. The purchase on 16 June 2025 now gives Mr Hodson an interest in the company of one million shares or 0.11% of the total issued. Borders holds oil and gas appraisal […]
Ascent issues 15.7m shares to save costs
Ascent Resources plc has issued in total 15,770,217 new ordinary shares of 0.5p each to directors and executives in lieu of 30 to 40% of salaries or fees to save costs and align their interests with shareholders. DIRECTORS The shares cover the period of six months from 1 June 2025 and “other contractual amounts” owed […]
Reabold grants 116m share options
Reabold Resources plc has granted a total of 116,060,000 share option awards to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. BONUS The awards represent 50% of the total 2024 annual bonus value, which is deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the […]
United issues 33m shares via warrants exercise
United Oil & Gas plc has issued 33 million shares of £0.00001 each in a warrants’ exercise at £0.001 per share, for £33,000. The warrants were issued as part of the December 2024 fundraise. The company said that, following the exercise, no £0.001 warrants remained outstanding. On admission, United’s total voting rights will be 2,061,377,379. The […]