Angus Energy plc, which owns the Saltfleetby onshore gas field, today said it expected to complete its proposed financial restructuring “in the coming weeks”. TRADING The company added that, although progress had been “slower than anticipated”, it continued to make “good progress” on documentation associated with the proposed financial restructuring. “Upon execution, the proposed restructuring […]
Tag: oil and gas
Capricorn agrees third extension for possible offer
Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group. The revised PUSU deadline has now been extended […]
Deltic confirms Petrogas exit from possible offer
Deltic Energy plc said that Petrogas International E&P Coöperatief U.A. had confirmed it did not intend to make an offer for the UK North Sea-focused company. TALKS Deltic has been under a £7.2 million cash offer since 7 May from Neo Next+ Energy Upstream UK Ltd. Petrogas’ withdrawal follows Capricorn Energy plc’s announcement on 19 […]
Union Jack NED resigns
Union Jack Oil plc non-executive director Graham Bull has resigned, with immediate effect from 3 June 2026. FINANCES The company said that Mr Bull would continue to undertake technical duties for the company. A Union Jack statement read: “Mr Bull cited the detrimental effect attacks on the board from certain media organisations has had on […]
Tullow CFO buys 110,000 shares
Tullow Oil plc chief financial officer Richard Miller has bought 115,000 ordinary shares of 10 pence each in the company, at £0.17 per share. The £19,512.05 purchase took place on 22 May 2026. The company’s exploration and production assets are located offshore Ghana.
Europa clears state approval for EG-08 farm-out
Europa Oil & Gas (Holdings) plc’s investee, Antler Global Ltd, has received state approval to complete the farm-out of the EG-08 gas production sharing contract, offshore Equatorial Guinea. RIG Fuhai (Beijing) Energy Ltd will drill the Barracuda prospect and hold 40% of the PSC. Europa has a 42.9% equity interest in operator Antler which, on […]