Star Energy Group plc has issued an aggregate of 777,812 ordinary shares of 0.002 pence each, at nil cost, after its chief executive officer and chief financial officer exercised share options. TVRs The options exercise is under the company’s 2015 management retention plan and the 2016 executive incentive plan. CEO Ross Glover exercised 643,424 option […]
Tag: oil and gas
Borders issues 1.4m new shares
Borders & Southern Petroleum plc has issued 1,421,050 new ordinary shares of one pence each, after a warrants exercise at 10p per warrant share, for an aggregate £142,105. TVRs Following admission, the company’s total issued share capital will comprise 880,841,724 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in treasury. The oil and […]
Rockhopper JV mulls production increase at Sea Lion
Rockhopper Exploration plc has welcomed a potential increase in production with the possible use of two floating production storage and offloading vessels at the Sea Lion discovery in the North Falkland Basin. COSTS Operator Navitas Petroleum already plans to use the Aoka Mizu FPSO for the first two phases, with a production capacity of 55,000 […]
Ascent issues 21.9m new shares to creditors
Ascent Resources plc will issue 21,895,113 new ordinary shares to repay part of a loan and to settle payment to trade creditors. TVRs The company has agreed to issue shares in lieu of part repayment in an amendment to its existing secured loan facility with Riverfort Global Opportunities PCC Ltd. The deed of amendment and […]
Capricorn withdraws from Deltic possible offer
Capricirn Energy plc said it did not intend to make an offer for UK North Sea-focused Deltic Energy plc after that latter agreed a £7.2 million cash sale to Neo Next+. EGYPT The Egypt-focused company had last month approached Deltic on a possible buyout. Capricorn is itself under a possible offer from Alamadiyaf al-Masiyyah for […]
Predator raises £3m
Predator Oil & Gas Holdings plc has raised £3 million before expenses by conditionally placing 85,714,286 million new ordinary shares of no par value in the company, at 3.5 pence each. TRINIDAD-MOROCCO The company is also issuing six million warrants, exercisable at 3.5p each, with an expiry date three years from the date of admission. Following admission, Predator will have […]