Angus Energy plc raised gross proceeds of £1,400,000 through placing 175,000,000 ordinary shares to certain institutional and other investors at a price of 0.8 pence per share. Net proceeds of the placing will be used for the Saltfleetby gas field budget (now 90% finalised), the company’s new focus on geothermal projects, and working capital and […]
Tag: oil and gas
Block notes options issue and PDMR dealings
Block Energy plc issued nil-cost options over a total of 2,429,948 ordinary shares of 0.25p each to its directors, employees and consultants. CASH CONSERVATION The options were issued in lieu of cash payment for 40% of salaries and consultants’ fees and up to 50% of directors’ fees. This is in accordance with the cash conservation […]
VOG progresses with Matanda and Logaba gas operations
Victoria Oil & Gas plc (VOG) reported further progress from its onshore gas operations in Matanda and Logbaba in Douala, Cameroon. MATANDA In its report for Q4 2021, the company said its subsidiary Gaz du Cameroun S.A. (GDC) continued civil engineering work in readiness of drilling a vertical well at the Marula prospect. The company also continued […]
Scirocco Energy on course to spud Chikumbi-1
Scirocco Energy plc expects to spud Chikumbi-1 well on time during Q3 following acquisition of 338km2 seismic survey at the Ruvuma PSA in Tanzania. SEISMIC SURVEY The company owns a legacy 25% working interest in the project for which ARA Petroleum Tanzania (APT) is the operator. Scirocco said that completion of mobilisation of all equipment […]
Harbour CEO Europe Phil Kirk to step down
Harbour Energy plc said that Phil Kirk is to step down as executive director, president and CEO Europe. Mr Kirk who is considering other business opportunities will leave from 28 February 2022.
Rockhopper-Harbour-Navitas extend Falklands deal date
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the signed heads of terms for its licences in the North Falkland Basin. TRANSACTION The deal will see Harbour sell its interests, leaving Rockhopper with 35% and Navitas 65% compared with 30% each previously. Rockhopper today said that the date […]