Capricorn Energy plc shareholders will this week vote on a proposed share consolidation and a special 43p dividend of a total US$50 million. PRICE The company said that the consolidation ratio for the share consolidation would be 62 new ordinary shares for every 79 existing ordinary shares held at the record time. The nominal value of the new ordinary shares […]
Tag: oil and gas
Corcel issues 3.5m SIP shares
Corcel plc has issued 3,556,362 ordinary shares of £0.0001 each in the company under its share incentive plan for the 2023-24 tax year. The scheme was agreed in the Trustees meetings on 2 April and 8 May 2024. The SIP allows eligible employees to have monthly salary deductions to be held by the SIP Trustees until the end […]
Serica to develop Belinda field
Serica Energy plc has received final regulatory approval to develop its 100% owned and operated Belinda field in the Triton area of the UK central North Sea. TRITON The company plans to drill the development well in the first half of 2025, before tying back the field to the Triton FPSO, with production due to […]
UKOG further cuts loan with 228m shares issue
UK Oil & Gas plc has issued a further 228,215,768 equity shares to repay £55,000 of the 2023 loan from RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The loan’s principal balance is now £370,000 of the £2 million gross first cash sum received by the company. Following admission, UKOG’s total voting rights […]
Scirocco enters final day of dealing
Scirocco Energy plc today marks its final day of dealing following shareholders’ approval earlier this month to cancel trading. MVL On 17 May, the company’s shares will be admitted to JP Jenkins share dealing platform for unlisted or unquoted assets in companies. The platform enables shareholders and prospective investors to buy and sell equity on […]
Serica appoints Chris Cox as CEO
Serica Energy plc has appointed Chris Cox as chief executive officer, effective from 1 July 2024. Chairman David Latin will end his temporary role as interim CEO on the same date. Mr Cox has more than 40 years’ experience in oil and gas in a wide range of roles with majors and independents. For the […]