Kistos Holdings plc has entered the Middle East with “immediately cash-generative” working interest acquisitions for $148 million in three blocks, onshore Oman. RESILIENT The company signed the binding agreement with Mitsui E&P Middle East B.V., effective 1 January 2025, for 5% in block 9, and 20% in blocks 3 and 4. Block 9 covers two […]
Tag: oil and gas
Rockhopper-Navitas take FID on Sea Lion
Rockhopper Exploration plc and its partner have taken the final investment decision on phase I development of the Sea Lion field, offshore north of the Falkland Islands. CONTRACTS The company and operator Navitas Petroleum Development and Production Ltd have also agreed and signed financing arrangements, which are expected to finalise over the coming weeks. Once […]
Corcel raises £3m via placing
Corcel plc has raised £3 million via an equity placing of 857,142,858 new ordinary shares of £0.0001 each, at a price of £0.0035 per share, from two new shareholders. TVRs The company said that the new investors had “decades of institutional investment experience and deep expertise in global capital markets”. Following admission, Corcel’s total issued […]
Harbour appoints Gregory Hill as NED
Harbour Energy plc has appointed Gregory Hill as an independent non-executive director on the board, effective from 1 January 2026. Shareholders will vote on Mr Hill’s election at the company’s 2026 general meeting. He is expected to serve on the audit & risk and health, safety, environment & security committees. Mr Hill’s global energy leadership […]
Deltic defers £6.9m sale over NSTA concerns
Deltic Energy plc and its proposed buyer, Viaro Bidco, have deferred the long stop date for the £6.9 million sale until next year, after the industry regulator asked for more details to address “concerns”. DISAPPOINTED The transaction, agreed at the end of June 2025, comprises a cash offer for Deltic’s entire and to be issued […]
Beacon proposes share consolidation
Beacon Energy plc has proposed a share consolidation of one new ordinary share of nil par value for every 1,000 existing ordinary shares of nil par value. ITALY The company, which posted £18.6 million losses in 2024, became a cash shell in January of this year following the sale of its assets in Germany. Beacon […]