IGas Energy plc has appointed non-executive chairman Chris Hopkinson to the role of interim executive chairman. The news comes as the company’s chief executive officer Stephen Bowler leaves the company by mutual consent. IGas added that it was new phase which required urgent technical aspects in managing its assets and redirection of its portfolio, which […]
Tag: oil and gas
IGas appoints Frances Ward as CFO-board director
IGas Energy plc has appointed Frances Ward as chief financial officer and a board director, with immediate effect. Ms Ward has more than 15 years’ senior management experience in the international oil and gas sector. She joined IGas in 2017 as group financial controller and became finance director in July 2020. Her current directorships are […]
Reabold conditionally sells Corallian stake for £32m
Reabold Resources plc has conditionally sold its 49.99% stake in Corallian Energy and its Victory gas field to an oil and gas major for £32 million. TERMS The company’s net share will be £12.7m, representing a “significant uplift” on its investment of £7.5m in Corallian since late 2017. Reabold will use the proceeds for its other existing […]
Serica faces six-week delay due to North Eigg equipment failure
Serica Energy plc faces a £3 million cost for an expected six-week delay in drilling due to equipment failure and mobilisation of a replacement at the North Eigg exploration well in the North Sea. TESTING The company said that operations had been progressing successfully despite some drilling delays in the top-hole sections. “During recent preparations […]
Block CFO William McAvock resigns to improve company’s efficiencies
Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]
Prospex receives £90,000 via warrant exercise
Prospex Energy plc has received £90,000.48 following notice for the exercise of warrants to subscribe for 3,000,016 new ordinary shares of 0.1p in the company. Since July 2022, the gas and power company has gained a total £2,739,400 from the proceeds of warrant exercises and loan notes. Today’s news relates to warrant agreements from February […]