Beacon Energy plc shareholders have approved the issue of 106,278,360 shares, in connection with the company’s investment in the Colle Santo gas field in the Abruzzo region of Italy. DIRECTORS The figure includes new ordinary shares from earlier fundraises, first acquisition consideration shares, Reabold Resources plc subscription shares, director subscription and fee shares. On admission, […]
Tag: oil and gas
United completes Walton-Morant seabed survey
United Oil & Gas plc is awaiting results from its completed seabed geochemical exploration programme on the Walton-Morant licence, offshore Jamaica. RESULTS Following the multibeam echosounder survey and acquisition of heat flow probe data, seabed sediment was recovered through piston coring on all 42 selected locations. The piston core samples will undergo geochemical analysis at […]
Viaro buys 2.4m shares in Deltic
Viaro Energy Ltd has bought 2,443,880 shares in its target acquisition, Deltic Energy plc, ahead of the industry regulator’s decision on the pending takeover. CONFIDENCE Viaro yesterday purchased an initial 2,143,880 shares, each at an average price of 3.6034p, representing 2.30% of Deltic’s total issued share capital. Later on in the day at 6.25pm, Deltic announced […]
Block issues 30m shares as bonuses
Block Energy plc has settled bonuses by issuing 30,428,200 ordinary shares of 0.25p each, and 9,231,083 nil-cost options over ordinary shares, to senior executives and employees. TVRs The company’s remuneration committee made the awards, for performance during 2025, to a director, one person discharging managerial responsibilities and staff members. Chief executive officer Paul Haywood received […]
Corcel positive on 2D seismic at KON-16
Corcel plc reported initial “excellent data quality” from its first 2D seismic acquisition at the operated KON-16 block, within the Kwanza Basin, onshore Angola. ENCOURAGING Processing of the 326-line km of high resolution data is expected to begin, with results published throughout the year to advance leads and preparations for drilling. “The high quality of […]
Deltic’s sale to Viaro again deferred
Deltic Energy plc’s £6.9 million sale to the Viaro Group faces further delays, after the industry regulator deferred its decision until late March 2026, and without committing to a definite date. UNCERTAINTY The transaction with Viaro’s main operating subsidiary, RockRose Energy Ltd, was initially deferred in December 2025, after the North Sea Transition Authority asked […]