Prospex Energy plc joint founder and non-executive director Richard Mays has resigned with immediate effect. The company said that Mr Mays’ decision was made for personal reasons and as a result of other commitments, but that he remained committed to the long-term prosperity of Prospex. “The board of Prospex thanks Richard for his commitment and […]
Tag: oil and gas
Egdon signs farm-out option for Weaverthorpe
Egdon Resources plc has signed an option agreement for onshore production licence PL081 containing the Weaverthorpe gas prospect in North Yorkshire. WEAVERTHORPE The company’s agreed the option with York Energy (UK) Holdings Ltd for six months beginning 3 February 2023. Egdon said that the Weaverthorpe was a relatively shallow Bunter Sandstone (Triassic) prospect located immediately up-dip […]
Capricorn issues details of new board members
Capricorn Energy plc issued details of its new board members appointed at this week’s requisitioned general meeting. None of the directors currently holds shares in the company. CHRIS COX Interim chief executive officer Chris Cox has more then 40 years’ experience in the global oil and gas upstream sector. Having held various senior roles with […]
Capricorn’s new board to review company’s future
Capricorn Energy plc’s new board appointed this week is expected to undertake a comprehensive strategic review of the business and potential directions for its future. NEW BOARD In the general meeting on 1 February, which was requisitioned by shareholder Palliser Capital Master Fund, six new members of the board were appointed each with 99.2% support. […]
Block secures $1m loan to accelerate West Rustavi
Block Energy plc has closed a senior secured loan of US$1.06 million (£860,000) with various existing shareholders and two of its management. RELATED PARTIES Chief executive officer Paul Haywood provided $90,000 and chief operating officer Ken Seymour provided $100,000 of the loan. The company said that the funds would give additional headroom to accelerate its […]
UKOG to progress Loxley appraisal well
UK Oil & Gas plc (UKOG) has received regulatory consent for a modified retention area at PEDL234 Loxely gas field in Surrey. APPRAISAL WELL The company said yesterday that the North Sea Transition Authority (NSTA)’s approval will allow it to focus on accelerating its planned appraisal campaign of its 100%-owned gas discovery. UKOG has agreed […]