Reabold Resources plc has progressed its takeover of Union Jack Oil plc by receiving initial shareholder acceptances of its £6.14 million offer. As at 19 August 2026 the investment company had counted acceptances for 3,437,504 Union Jack shares, representing approximately 2.35% of its issued share capital. These comprise 305,650 shares (0.2%) and a further 3,132,144 […]
Tag: oil and gas
Predator issues 3.8m shares to CEO
Predator Oil & Gas Holdings plc has issued 3,866,090 new ordinary shares, at 3.35 pence per share, to its chief executive officer Paul Griffiths to settle a portion of outstanding loans. Mr Griffiths is owed £323,785 from the capitalisation of his loans in May 2023, which is detailed as a current liability in the company’s […]
United awards 200m share options
United Oil & Gas plc awarded an aggregate 203,814,481 share options under its updated unapproved share option scheme from 2025. On 18 August 2026, a total of 97,932,799 share options, representing 2.11% of the company’s current issued share capital, were awarded to employees and consultants. A total of 105,881,682 share options (2.28%) were awarded to […]
Sunda granted petroleum licence for Puka-Oru
Sunda Energy plc has been granted a 10-year petroleum mining licence for the Puka oil and gas field and the Oru exploration prospect, located onshore Taranaki, North Island, New Zealand. Puka, which contains Oru, and Cheal, Cheal East and Sidewinder are four permits in which the company is acquiring a 100% working interest and operatorship. […]
Serica exits bid for Pharos
Serica Energy plc has exited its offer to buy Pharos Energy plc after the Pharos board withdrew its recommendation of acceptance in favour of a third party’s higher bid. Serica’s £145.7m offer at the end of July followed Israel-based Ratio Petroleum Energy LP’s bid of £124.3m, which it subsequently increased to £146.4m. The UK North […]
Capricorn’s potential rival buyers withdraw
Capricorn Energy plc’s two potential rival purchasers today said they did not intend to make an offer for the Edinburgh-based company. Samos Energy and Alamadiyaf al-Masiyyah for Trading Company Ltd had until 5pm on 11 August 2026 to announce their intentions, in accordance with the Takeover Code. Each company added that it reserved the right […]