News Oil & Gas

Harbour chairman sells 1m shares for £5.2m

Harbour Energy plc reported that chairman Blair Thomas has sold 1,099,638 million shares over three days at £4.71 to £4.76, for a total £5,191,179 million. The sale, via EIG Separate Investments (Cayman) LP which is closely associated with Mr Thomas, took place on Wednesday to Friday last week.

News Oil & Gas

Block starts drilling well extension to test 200 MMbbls in Patardzeuli oil field

Block Energy plc has started drilling on the JSR-01DEEP well, an extension to the JSR-01 well, to test contingent resources of over 200 million barrels (MMbbls) in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The start of operations marks the beginning of Project II of the company’s three-project strategy in Georgia. Block […]

Finance News Oil & Gas

Prospex raises £500,000 via loan notes for Selva

Prospex Energy plc has raised £500,000 via the issue of unsecured convertible loan notes to existing and new investors. SUBSCRIBERS The company said that the loan notes had been issued to three individual subscribers. The loan notes hold 15% interest and are convertible into new ordinary shares at a price of 5.5p at any time […]

Finance News Oil & Gas

Scirocco shareholders request general meeting

Scirocco Energy plc said that a group of its shareholders had requested a general meeting to discuss strategy, share price and a revenue audit and funding of the Ruvuma gas interest in Tanzania. PROPOSED RESOLUTIONS The company added it would call a general meeting within 21 days of receiving a valid requisition. It will hold […]

Company Moves News Oil & Gas

Angus appoints Richard Herbert to development and production

Angus Energy plc has appointed Richard Herbert to develop and expand production at the Saltfleetby gas field and other assets in the company’s portfolio. Mr Herbert has 40 years’ experience in the energy industry and considerable technical, managerial and operational expertise. He has held several executive positions at BP, including the development and operations at […]