Reabold Resources plc said that proposed resolutions, including the removal of the entire board of directors, have been rejected at a requisitioned general meeting. TIMELINE Shareholders today voted against each resolution by slightly more than 75% with just under 25% in favour. In October 2022, Pershing Nominees Ltd which owns some 6.93% of Reabold’s issued […]
Tag: oil and gas
Parkmead notes rig mobilisation for LDS drilling
The Parkmead Group plc said mobilisation of the Drilltec Synergy 2 Rig had started for the two-well drilling campaign at the LDS project in the Netherlands. PROGRAMME The company added that the LDS wells would target multiple Rotliegendes gas reservoir prospects from the existing Diever well site, which is already in production. Construction work is nearly […]
Neptune finds hydrocarbons in Calypso
Neptune Energy reported that logs had proved the presence of hydrocarbons in the Calypso exploration well within licence PL938 in the Norwegian Sea. EARLY STAGES Project partners comprise Neptune as operator (30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%). The companies will now consider gathering additional data of the reservoir. […]
Baron REX retail offer reaches two thirds target
Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]
Baron raises £6m for Timor Leste-North Sea assets
Baron Oil plc has conditionally raised £6 million before expenses via a placing, subscription and a retail offer. DIRECTORS’ DEALINGS The placing was for a total 4,166,666,667 new ordinary shares of 0.025p each in the company at 0.12 pence per new ordinary share. Chief executive Andrew Yeo subscribed for 8m new ordinary shares, taking his holding to 193m, […]
United to bring ASH-4 on stream at Abu Sennan
United Oil & Gas plc said it expected to bring on stream the ASH-4 development well in the Abu Sennan joint venture (JV) licence onshore Egypt. ASH-4 ASH-4 is a step-out development well in the ASH field reached total depth of 4,000 and encountered 20 metres of net pay through the primary Alam El Bueib […]