Ascent Resources plc said its Slovenia partner’s administrator had terminated the restated joint operating agreement (RJOA) on the same date as the opening of its partner’s insolvency proceedings. PRECAUTION The termination is under default rules of Slovenian Obligations Code. The Petišovci onshore gas joint venture is between Ascent Slovenia Ltd (ASL) and Geoenergo d.o.o. which […]
Tag: oil and gas
Tullow NED purchases 200,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 200,000 ordinary shares of 10 pence each in the company at an average price of £0.36 per ordinary share. Two purchases of a total 128,465 shares for £46,063.54 took place on 15 April. A third purchase of 71,535 shares for £26,467.95 was on 16 April.
Predator appoints Geoffrey Leid as T-Rex director
Predator Oil & Gas Holdings plc has appointed Geoffrey Leid as a director of its subsidiary T-Rex Resources (Trinidad) Ltd. The company has also awarded Mr Leid three million unallocated share options on his appointment. The options, issued on 18 April 2024, are exercisable at 12.5 pence per share. One million share options vest immediately and the […]
NSTA fines NEO £100,000 for venting breach
NEO Energy Production UK Ltd (NEO) has been fined £100,000 for breaching its combined vent consent for the Donan, Lochranza and Balloch fields 200km northeast of Aberdeen. FAILURE The North Sea Transition Authority said that venting approval, issued for 1 January to 31 December 2022, allowed for 1.035 tonnes of venting per day, equivalent to […]
i3 sells certain Canadian royalty assets for $25m
i3 Energy plc’s subsidiary in Canada has agreed to sell certain of its royalty assets for gross cash of US$24.81 million (£19.9m). GROWTH The company said that the definitive transaction, with a “newly formed private royalty company” marked the next step in changing i3’s capital structure. The deal will also enhance its financial flexibility through […]
Angus Energy CEO purchases 5m shares
Angus Energy plc chief executive officer Richard Herbert has bought 5 million ordinary shares of 0.002p each at an average price of 0.5 pence per ordinary share. The purchase on 16 April takes Mr Herbert’s shareholding in the company 8.3m ordinary shares representing 0.02% of Angus Energy’s issued share capital.