Capricorn Energy plc directors have agreed to sell the company for US$360 million (£271m) cash to Genel Energy plc. SCALE The Scottish company had previously been awaiting a cash offer from Saudi Arabia-based Alamadiyaf al-Masiyyah for Trading LLC. Capricorn’s onshore Egypt assets will add to Genel’s production interests in the Kurdistan region of Iraq and […]
Tag: oil and gas
Rathlin appoints independent director
Rathlin Energy (UK) Ltd, operator of the West Newton onshore gas field, has appointed Philip Birch as an independent non-executive director to the board, with immediate effect. Mr Birch has more than 40 years’ experience as an oil and gas executive in the energy sector. He has held a range of senior leadership positions including […]
Capricorn grants more time for possible offer
Capricorn Energy plc has granted more time to Alamadiyaf al-Masiyyah for Trading LLC, a member of the Cafani Group, to make a cash offer for the company. FUNDING The fourth extension to the PUSU gives Alamadiyaf al-Masiyyah until 5pm on 29 July 2026 to announce whether or not it intends to make a firm offer. […]
Reabold to buy Union Jack for £6.14m
Reabold Resources plc has agreed a £6.14 million takeover of Union Jack Oil plc, which was at risk of losing its main assets. COMPELLING Under the agreement, each Union Jack shareholder will receive 0.051 new Reabold share in exchange for every one Union Jack share. Investment company Reabold said that, following completion, the enlarged group […]
Rockhopper appoints CFO-director to the board
Rockhopper Exploration plc has appointed William Perry as chief financial officer and Barak Mashraki as independent non-executive director to the board, with immediate effect. Chartered accountant Mr Perry began working with Rockhopper in 2010 before joining full time in 2011. He had held the role of non-board CFO since 2021. He was previously a senior […]
Beacon welcomes distribution partner for Colle Santo
Beacon Energy plc said that a “leading” Italian energy distribution company has acquired 10% of the Colle Santo gas field owner, which in turn has increased its holding from 90 to 100%. VALIDATION The purchase for €1.4 million of the share in LNEnergy Italy, leaves the remaining 90% held by its parent LNEnergy Ltd. In […]