Serica Energy plc said nominee Guillaume Vermersch will join the board as non-executive director on completion of the company’s acquisition of Tailwind Energy Investments Ltd. Tailwind’s largest shareholder Mercuria Energy Group made the nomination, along with that of Robert Lawson, under the terms of the sales and purchase agreement. Mr Vermersch is Mercuria’s group chief […]
Tag: oil and gas
Robert Lawson nominated Serica NED
Serica Energy plc said nominee Robert Lawson will join the board as a non-executive director on completion of the company’s acquisition of Tailwind Energy Investments Ltd. Tailwind’s largest shareholder Mercuria Energy Group made the nomination, along with that of Guillaume Vermersch, under the terms of the sales and purchase agreement. Mr Lawson spent 32 years […]
Serica Energy appoints Michiel Soeting as NED
Serica Energy plc has appointed Michiel Soeting to the board as a non-executive director with effect from 1 February 2023. Mr Soeting has more than 30 years’ experience in the audit and financial service sector including 20 years in the oil and gas industry. He was former global lead partner and global head of energy […]
Capricorn stands firm on proposed NewMed merger
Capricorn Energy plc today said it remained resolute on its proposal to merge with Israeli partnership NewMed Energy Ltd. REQUISITION NOTICE The company outlined its position to shareholders in an open letter which also concerned a special dividend and the December 2022 requisition notice from Palliser Capital Master Fund Ltd. The shareholder has raised concerns […]
Union Jack reaches £12m revenue from Wressle
Union Jack Oil plc has reached material net revenues of US$12 million from the Wressle joint venture hydrocarbon development in North Lincolnshire on the western margin of the Humber Basin. OPERATIONS The figure dates from the restart of production in licences PEDL180 and PEDL182 on 19 August 2021. Union Jack, which holds a 40% economic […]
United finds no hydrocarbons in ASW-1X
United Oil & Gas plc noted no hydrocarbons following completion of drilling operations on the ASW-1X exploration well at the Abu Sennan joint venture (JV) licence, onshore Egypt. RESULTS Operator Kuwait Energy Egypt (78%) drilled the well to a total depth of 3,640 metres, 10 days ahead of schedule and under budget. “Although the well […]