Capricorn Energy plc has restarted the US$25 million share buyback, first announced on in May 2023, of which $21m has to date been repurchased. The company said that the share buyback aimed to reduce its share capital, with the purchased shares to be held in treasury. Capricorn is authorised to purchase a maximum 10,815,854 existing […]
Tag: oil and gas
Corcel raises £500,000
Corcel plc has raised £500,000 from the issue of 500,000,000 new ordinary shares of £0.0001 at £0.001 per ordinary share with high net worth investors. The fundraise follows Extraction Srl and a third-party’s inability to provide funds within time for the 15 April equity placing. The 180,000,000 ordinary shares and 180,000,000 warrants which were due to be issued to the […]
Reabold CEOs purchase 200m shares
Reabold Resources plc co-chief executive officers have purchased a total 200,714,285 ordinary shares in the company. On 13 June, Sachin Oza sold 16,744,286 ordinary shares each at 0.0575 pence and immediately purchased 25,000,000 shares, each at 0.0665 pence, into his Individual Savings Account. He separately bought a further 135,714,285 ordinary shares each at 0.07 pence, […]
West Newton targets low capex and early revenue
The West Newton joint venture said that new development plans allow early production and revenue with low capital expenditure, based on the project’s feasibility study. DEVELOPMENT The West Newton A1, A2 and WNB-1z discoveries lie within licence PEDL183 in East Yorkshire. CNG Services Ltd’s study revealed that, before full field development, an initial single horizontal […]
UKOG makes further loan repayment
UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000. Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.
Orcadian secures £1.15m loan to repay Shell
Orcadian Energy plc has secured a two-year £1.15 million loan with an as yet unnamed industry partner to repay the outstanding £1m loan to Shell. The loan will settle from the completion payment due under a proposed farm-in or joint venture on Orcadian’s recently offered southern North Sea licence. Interest, of between 6% and 9%, […]