Tullow Oil plc has repaid $48,211,589.95 million of its outstanding senior secured notes, which were due in 2028. FOCUS The company settled the debt, at 101% of the principal amount, on 24 Jun 2026, leaving $1,162,034,475 outstanding of the principal amount. Chief financial officer Richard Miller said: “This partial repayment of the notes has been enabled […]
Tag: oil and gas
Hartshead sold to ACAM
Hartshead Resources NL shares have been sold and transferred to ACAM GP Ltd as from 23 June 2026. PORTFOLIO The Australian company’s portfolio includes ownership and operatorship of licence P2670, containing five blocks, in the UK Southern Gas Basin. In May 2023, Hartshead farmed out 60% of the licence to Viaro Energy subsidiary, RockRose Energy […]
Prospex grants 14.35m share options
Prospex Energy plc has granted a total of 14,350,000 share options in the company to directors and other staff, following its review of staff remuneration. DIRECTORS The award the options was deferred from the first quarter of 2026, pending publication of the company’s annual report. Prospex said that the options represent 3.31% of its current […]
Union Jack hit by non-commercial Crossroads well
Union Jack Oil plc reported a non-commercial outcome at its joint venture Crossroads well in Garvin County, Oklahoma, USA. MEETING Operator and partner Reach Oil and Gas Company Inc encountered “good hydrocarbon shows at several levels from the Hoxbar down to the Basal McLish intervals”. The partners had also perforated and tested four intervals with […]
Sunda faces termination of Chuditch PSC
Sunda Energy plc has been accused of breaching the terms of the Timor-Leste production sharing contract by failing to drill on schedule an appraisal well on the Chuditch field. RIG The company’s subsidiary, SundaGas Banda Unipessoal, Lda, yesterday received a letter of notification from the country’s upstream regulator Autoridade Nacional do Petróleo (ANP). Sunda said it would […]
Tullow PCA buys 960,000 shares
Tullow Oil plc today reported a purchase of 960,000 ordinary shares of 10 pence each in the company by a person closely associated with its chairman Roald Goethe. Birgitte Plauborg bought the shares on 15 June 2026 at £0.136 each, for an aggregate £130,095.40. Tullow’s main production assets are offshore Ghana.