Europa Oil & Gas (Holdings) plc has appointed three new advisers with immediate effect. COMPANIES These include Strand Hanson Ltd as the company’s nominated and financial adviser; Tennyson Securities as sole broker; and Vigo Consulting as communications adviser.
Tag: oil and gas
Europa Oil & Gas grants share options to CFO
Europa Oil & Gas (Holdings) plc has issued options to its chief financial officer and executive director. The company has issued options over a total of 3,721,000 ordinary shares of 1 penny each to Will Holland under the company’s enterprise management incentive (EMI) share option plan. The share options have an exercise price of 2.31 […]
Hurricane Energy exits Greater Warwick Area
Hurricane Energy plc has decided to relinquish its interests in the Greater Warwick Area (GWA) joint venture (JV) with Spirit Energy plc in the UK North Sea. DISCUSSIONS The company said that the JV had reassessed its understanding of the area and considered all options for further appraisal and routes to possible development. “Hurricane has […]
Ascent completes legal funding for Slovenia claim
Ascent Resources plc said it had signed a binding damages-based “no win no fee” agreement to appoint Enyo Law LLP for its arbitration claim against Slovenia. TREATIES The claim is based on breaches of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral Investment Treaty (BIT). Enyo represented Ascent in last year’s pre-arbitration negotiations with Slovenia. FRUSTRATION […]
Tullow-Capricorn to merge
Tullow Oil plc and Capricorn Energy plc have announced plans for a recommended all-share merger to create one of the largest energy companies in Africa. TERMS In a joint statement today, the companies added that Capricorn shareholders would receive 3.8068 new Tullow shares for each Capricorn share held. This would see Capricorn shareholders owning 47% […]
Baron costs rise in year of ‘considerable progress’
Baron Oil plc said it made considerable progress last year by increasing its stake in oil and gas licences in Timor Leste and the UK. FINANCES The company’s interests include Timor Leste TL-SO-19-16 – Chuditch (75%), UKCS P2478 – Dunrobin (32%) and Peru Block XXI – El Barco (100%). Baron Oil’s audited financial results for […]