Tullow Oil plc has completed the sale of its Gabon assets to the Gabon Oil Company and received the full proceeds of US$307 million. OPERATIONS The transaction covers exploration, development and production activities in non-operated fields. Proceeds from the sale will reduce Tullow’s debt and mark the company’s exit from Gabon after 21 years. Chief […]
Tag: oil and gas
Chrysaor fined £150,000 for vent breaches
Chrysaor, which merged with Premier Oil to form Harbour Energy plc, has been fined £150,000 for vent breaches after exceeding its consent by more than 145 tonnes. ARMADA The company also failed to inform industry regulator the North Sea Transition Authority of the breach for seven months. On fining the company, NSTA today said that […]
United issues 444,444,444 new shares
United Oil & Gas plc will issue 444,444,444 new ordinary shares with a nominal value of £0.00001 each, relating to the £800,000 fundraise earlier this month. The company today received shareholders’ approval to authorise the issue of the fundraising shares and warrants. One warrant will be attached to every two new ordinary shares issued, exercisable […]
Union Jack NED buys 255,000 shares
Union Jack Oil plc non-executive director Craig Howie has bought 255,000 ordinary shares of five pence each in the company at a price of 4.868 pence per share. HOLDING The transaction follows his previous shares acquisition on 23 July of three million shares for £150,000. Following the £12,413.40 purchase on 24 July, Mr Howie holds […]
Deltic shareholders to vote on Viaro’s £6.9m offer
Deltic Energy plc shareholders are due to vote on 28 August on the £6.9 million cash offer for the company from Viarao Energy Ltd’s main operating subsidiary, RockRose Energy. SCHEDULE At least 75% of votes are needed at a court meeting and a general meeting to approve the sale, as well as sanction by the […]
United receives Walton Morant surveys permit
United Oil & Gas plc has formally received a five-year environmental permit for its planned offshore surveys on the Walton Morant licence, southern Jamaica. FARM-OUT The company plans “non-invasive offshore surveys, including bathymetric, geotechnical, and environmental baseline studies”. A final outstanding “beach” licence is expected shortly and will complete all approvals required before any operations […]