United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne. CONTRACT The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting. United said that the grant of […]
Tag: oil and gas
Cuadrilla Resources in line for £11m to extract shale gas in Lancashire
Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
Orcadian NED Christian Wilms to leave
Orcadian Energy plc announced that Christian Wilms will leave as a non-executive director (NED) on the board. The news comes as co-founder Greg Harding announced his retirement at the end of the year. The company said that Mr Wilms’ increasing executive responsibilities had made it difficult for him to dedicate the necessary time to his role […]
Orcadian co-founder Greg Harding to retire
Orcadian Energy plc’s co-founder Greg Harding will retire at the end of 2022. In October 2013, he and Steve Brown established the company by screening relinquishment reports for a North Sea project of scale. “The board thanks Greg for his outstanding contribution to our understanding of the very best way to develop the Pilot field, […]
Reabold conditionally acquires Simwell
Reabold Resources plc has increased its oil and gas interests with the conditional acquisition of Simwell Resources Ltd. LICENCES The company signed a sales and purchase agreement (SPA) for a total initial consideration, plus repayment of all outstanding creditors/liabilities, of £1 million in part shares-part cash. Reabold said that the deal would substantially increase its footprint […]
Block completes deepening JSR-01 in Patardzeuli
Block Energy plc has completed deepening the JSR-01 well in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The company began drilling JSR-01DEEP in early September, marking the start of Project II, one part of a three-project strategy. Block Energy aims to evaluate a contingent resource of 200 MMbbls of oil and accelerate near-term […]