Hurricane Energy plc said that an extraordinary general meeting for shareholders will be held on 5 July to consider the removal and appointment of its board directors. The announcement follows a requisition notice served in May by activist investor Crystal Amber Fund Ltd (14.32%), requiring that Hurricane convenes a general meeting to discuss and vote […]
Tag: oil and gas
Predator raises £1.5m via placing
Predator Oil & Gas Holdings plc raised £1,500,000 before expenses after conditionally placing 10,000,000 new ordinary shares at a placing price of 15 pence each. The company said that the placing was significantly oversubscribed.
VOG receives $5.1m from invoices to boost Doula projects
Victoria Oil & Gas plc (VOG)’s said it had received US$5.1 million from outstanding invoices, which will strengthen its working capital for its projects in port city of Doula, Cameroon. The company’s subsidiary, Gaz du Cameroun (GDC) agreement is with Eneo and related to take-or-pay invoices for October, November and December 2019 plus associated interest. VOG […]
Hurricane at risk without shorter FPSO charter
Hurricane Energy plc said it needed a shorter charter for the Aoka Mizu FPSO than initially agreed to avoid winding down and halting operations at the Lancaster field. COSTS The three-year initial term of the charter expires in June 2022 unless the oil and gas company meets the 4 June deadline to extend for three years […]
Block remains strong with Rustaveli acquisition
Block Energy plc said it built its production and development base and maintained a strong financial position in 2020 due to its acquisition of 100% shares of Block Rustaveli Ltd in West Rustavi, Georgia. The acquisition, formerly Schlumberger Rustaveli Company Ltd, holds the PSCs to Blocks IX and XIB. FINANCIAL In its audited results for the year ended 31 […]
Wressle receives approval for crude oil storage
Egdon Resources plc said it had received approval to store crude oil in licences PEDL180 and PEDL182 at Wressle oil field in North Lincolnshire. North Lincolnshire Council granted the site operator permission for full use of the installed oil storage capacity at the site of approximately 2,000 barrels. Egdon said it would also allow full […]