Crogga (UK) Ltd has appointed its chief executive officer Dr Richard Hubbard as a director. Companies House recorded the appointment effective from 14 February 2024. The exploration company, established in 2017, is targeting the Crogga field, offshore Isle of Man. In the 1990s, BP estimated the field held 1tcf gas in place.
Tag: oil and gas
Baron Oil raises £3m for Chuditch appraisal
Baron Oil plc raised £3.26 million via a placing, subscription and retail offer of a total 6,528,023,360 new ordinary shares of 0.025p each in the company, at 0.05 pence per new ordinary share. DIRECTORS’ DEALINGS The oversubscribed placing and subscription conditionally raised net proceeds of £2.7m for 6bn new ordinary shares. Chief executive officer Andrew Yeo subscribed for 12m […]
Capricorn spends £15m to date on share buyback
Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]
Testing starts on Tobias-14 well after delays
Corcel plc said testing had started on the Tobias-14 (TO-14) well on block KON-11, onshore Angola. Operator Sonangol faced delays due to longer than expected wait for deliveries of testing equipment, combined with heavy rains and regional flooding at the well location. Once testing is complete, the equipment will be moved to flow test TO-13 […]
Europa given more time for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has been allowed more time to appraise the Cloughton gas discovery, within licence PEDL343, on the North Yorkshire coast. ESTIMATE The North Sea Transition Authority granted an extension to the licence’s initial term until 20 July 2026 and a further two years of the second term to 20 July […]
Borders CEO Howard Obee retires
Borders & Southern Petroleum plc’s co-founder and chief executive Howard Obee will retire after leading the company for 20 years. His replacement will be Harry Baker from 1 March 2024. Mr Baker has nearly 24 years’ capital markets experience from previous roles with Auctus Advisors, GMP First Energy, Mirabaud Securities and Canaccord Capital as well […]