Serica Energy plc has started its inaugural share buyback programme of up to 38,322,063 ordinary shares of US$0.10 each in the company for up to a maximum £15 million. STRATEGY The company’s shareholders authorised the programme at the 2023 general meeting. “The decision to initiate a buyback follows extensive discussions by the board,” said chairman […]
Tag: oil and gas
Baron appoints new chairman in board changes
Baron Oil plc has made further board changes with the appointment of Gerry Aherne as new independent non-executive chairman, with immediate effect. Other company moves will see technical director Jon Ford leave the board at the end of April 2024 but remain in a part-time consultancy role of technical adviser. John Chessher has joined […]
Ascent to appoint David Bullion as NED
Ascent Resources plc intends to appoint David Bullion as a non-executive director, among other board changes, as the company adds the mid-stream sector to its portfolio. Mr Bullion is CIO of American Helium and CEO of GNG Partners LLC, before which he held senior positions across the world during his 20 years with BP. Ascent […]
Union Jack appoints Craig Howie as NED
Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED Raymond Godson retires from the board following the company’s general meeting on 27 June. Executive chairman David Bramhill said: […]
UKOG further reduces loan with 200m shares issue
UK Oil & Gas plc has reduced its 2023 loan by issuing 200 million ordinary shares to lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. Conversion of the equity shares will further reduce the current £545,000 principal balance of the £2m gross first cash sum received. UKOG said that the reduction in […]
Deltic remains committed to UK exploration
Deltic Energy plc remains committed to exploration within the UK despite political and fiscal challenges and uncertainly from the Energy Profits Levy (EPL). PORTFOLIO Chief executive Graham Swindells said that the EPL continued the “attractiveness” of investing in the company’s projects which drew tax relief. “Nonetheless, the existence of the EPL does nothing for investor […]