Europa Oil & Gas (Holdings) plc said it faced an uncertain future if shareholders rejected a conditional £3.5m fundraise, through the placing of 291,667,000 new ordinary shares. USES A retail offer also aims to raise up to £350,000, via the issue of up to 29,166,667 new ordinary shares of £0.01 each. The company holds interests […]
Tag: oil and gas
EnQuest granted more time for Vietnam PSC
EnQuest plc has been granted a four-year extension, expiring in July 2034, to the block 12W production sharing contract in Vietnam. PRODUCTION The extension will allow the company and its partners “to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets”. Since acquiring a 53.125% interest in block 12W […]
UKOG plugs and abandons Broadford Bridge well
UK Oil & Gas plc said it had successfully plugged and abandoned its Broadford Bridge-1/1z well, containing the Kimmeridge oil discovery, in West Sussex. REFOCUS Operations began in late 2025 and finished on 4 February 2026, and were performed “in full accordance with all pertinent regulatory requirements, agreed programmes and consents”. The company added it […]
Beacon to raise £250,000
Beacon Energy plc aims to raise up to £250,000 via a retail offer, through the issue of new ordinary shares of nil par value each in the company, to help fund an interest in the Colle Santo gas field, Italy. TRADING The retail offer, at a price of 3.9 pence per ordinary share, is part […]
Deltic extends £1.5m payment date to Shell
Deltic Energy plc has secured an extension to the payment date of money, totalling £1,530,320, owed to Shell UK Ltd. SALE The figure comprises the sums accrued to Deltic over the UK southern North Sea Selene exploration well from April to October 2025, and any further sums after October 2025. The payment date has been […]
Ascent grants 50m share options
Ascent Resources plc has granted an aggregate 50 million options over ordinary shares of £0.005 each, to members of its senior management. TRANCHES The figure include 25m options to chief executive officer David Patterson in accordance with the terms of his contract, dated 1 July 2025. The company said that the grant was made under […]