Ascent Resources plc today said it still expected an award towards the end of the first quarter of this year, in relation to its Energy Charter Treaty claim against Slovenia. DELIBERATION The claim, registered with International Centre for Settlement of Investment Disputes (ICSID), is connected with the company’s Petišovci onshore gas joint venture. Ascent added that […]
Tag: oil and gas
Prospex CLN subscriptions reach £1m
Prospex Energy plc has to date received £985,000 committed subscriptions, of a targeted £1.6 million, for its offering of its unsecured convertible loan notes. DIRECTOR DEALINGS The figure includes the £565,000 from 22 December 2025. The company said it had extended the offering until 16 January 2026. The unsecured CLN, each of £1 and due […]
Union Jack appoints NEDs
Union Jack Oil plc has appointed Donald Zac Phillips and John Americanos, both known to the company for many years, as non-executive directors to the board, with immediate effect. The company also announced that Craig Howie’s office as a director of the company “has been vacated by a resolution of the board with immediate effect”. […]
Kistos enters 2026 with strong cash position
Kistos Holdings plc ended 2025 in a “robust” financial position of $199 million cash, as it looks to further benefit from its newly acquired licence interests in Oman. PRIORITIES The cash figure includes $75 million in tax rebates relating to activity on its Norwegian assets in 2024. The company noted that tax rebates of approximately […]
Reabold investee given formal decree for Colle Santo
Reabold Resources plc’s investee company has received the favourable formal decree for its small-scale liquefied natural gas development plan in the Colle Santo gas field in Abruzzo, Italy. INTEREST The country’s Ministry for the Environment and Energy Security issued and published the decree. Reabold holds a 47.5% equity interest in LNEnergy Ltd, whose 100% owned […]
Predator increases production in Trinidad
Predator Oil & Gas Holdings plc reported a 19% increase in production, along with further potential, following drilling and well workovers in the Bonasse and Goudron fields, onshore Trinidad. SNOWCAP Operator NABI Energy Holdings Ltd completed a heavy well work on the GY-211 well in Goudron, and initially flowed 221 barrels of oil per day. […]