United Oil & Gas plc directors have purchased ordinary shares of 1p each in the company in the market. The five directors are as follows: Director’s name and position Date of purchase Number of Ordinary Shares purchased Price paid per Ordinary Share purchased Total number of Ordinary Shares held following purchase Total as percentage of […]
Tag: oil and gas
United starts production at ASX-1X oil well in Abu Sennan
United Oil & Gas plc has started production from the commercial discovery declared at the ASX-1X oil exploration well in the Abu Sennan licence, onshore Egypt. ASX-1X The ASX-1X well is the second exploration well to be drilled in 2021 on the Abu Sennan licence in which United holds a 22% interest. The company received […]
Hurricane appoints Philip Wolfe as independent NED
Hurricane Energy plc appointed Philip Wolfe as an independent non-executive director effective from 14 October 2021. He will chair the audit and risk committee and serve as senior independent director. Mr Wolfe has 30 years’ experience within the energy and utilities industry as an executive, adviser and corporate financier. He has served as chief financial […]
Block Energy Q3 production and revenue fall
Block Energy plc reported a decrease in production and revenue with restricted output from WR-B1a at the company’s project in West Rustavi, Georgia. OPERATIONS AND FINANCES In its operations report for the three months ended 30 September 2021, Block recorded production of 34.6 Mboe (Q2: 42.6 Mboe). Revenue for Q3 was $901,000 (Q2: $1,165,000), comprising […]
Block issues shares options to directors and PDMRs
Block Energy plc said it had issued nil-cost options over a total of 1,164,570 ordinary shares of 0.25p each to directors/PDMRs* and employees. CASH CONSERVATION The options were issued in lieu of cash payment for 40% of salaries and up to 50% of directors’ fees for the month of September 2021. The company said that […]
VOG draws down Meridian loan notes for Douala gas operations
Victoria Oil & Gas plc (VOG)’s has drawn down in full the convertible B loan notes for its onshore gas operations in the port city of Douala, Cameroon. LEGACY ISSUES The loan to the company’s subsidiary, Gaz du Cameroun S.A. is in accordance with the financing agreement with Meridian Capital (HK) Ltd. “We are once again […]