Sunda Energy plc will issue 11,763,447 new ordinary shares of 0.1 pence each, following notice from Alumni Capital Ltd to convert £100,000 of the outstanding drawn-down principal amount of its loan notes, plus a £10,000 finance charge. TVRs The company has additionally granted to Alumni a total of 6,786,604 CLN warrants entitling the holder to […]
Tag: oil and gas
First Class issues 14,795,000 share options
First Class Metals plc has issued options over a total of 14,795,000 ordinary shares, of £0.001 each, to directors and senior management under the company’s share option plan. DIRECTORS Executive chairman James Knowles and chief executive officer Marc Sale each received two million options, exercisable at £0.05 each. Non-executive directors Marc Bamber and Andrew Williamson, and […]
Orcadian plans offshore power station for Earlham
Orcadian Energy plc has started an assessment for a potential offshore power station to develop the Earlham and Orwell gas fields, within P2680, in the southern UK North Sea. DATA CENTRE The power station would capture carbon dioxide for reinjection into the Earlham reservoir to “boost pressure and recovery”. Generated low-carbon power would also supply […]
Angus appoints COO-executive director
Angus Energy plc has appointed Ross Pearson as chief operating officer and executive director, with immediate effect. Since October 2023, Mr Pearson has been director of wells and subsurface, with responsibility for the technical team, capital budget, drilling and workover programmes, and M&A evaluation. He was previously technical director and executive committee member at IGas […]
Sunda applies for Taranaki offshore exploration permit
Sunda Energy plc has applied for a new petroleum exploration permit for the Taranaki Basin’s offshore area, containing the Awakino gas condensate field, on the west coast of New Zealand’s North Island. AWAKINO The permit, covering 645 km2, marks the start of the company’s “wider growth strategy” in the country, focusing on gas exploration, development and production […]
Harbour completes acquisition of Waldorf subsidiaries
Harbour Energy plc has completed its acquisition of substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd in the UK for $163 million (£121m). RESOURCE Completion of the transaction follows regulatory approval and full final settlement of all creditors’ claims against the acquired subsidiaries. Harbour agreed in December 2025 to the […]