Deltic Energy plc has agreed to sell its entire share capital for £6.9 million cash to Viaro Group’s subsidiary RockRose Energy. SELENE Viaro will also provide Deltic with a bridging loan of up to £2.7m to cover working capital before the acquisition becomes effective. Deltic has previously warned about “political and fiscal headwinds” hampering the […]
Tag: oil and gas
Prospex completes fundraise at £1.2m
Prospex Energy plc has raised a total of approximately £1.2 million from a WRAP retail offer and last week’s placing and subscription. TVRs Proceeds will go towards workover of the Viura-1B well in northern Spain. The company will issue 3,044,638 new ordinary shares at the issue price of 4.5 pence per share in relation to […]
Sunda independent NED buys 3.7m shares
Sunda Energy plc independent non-executive director John Chessher bought 3,773,585 ordinary shares of 0.025 pence each in the company, at 0.0265 pence per share. The £1,000 purchase took place on 23 June 2025. Mr Chessher’s total beneficial shareholding in Sunda is now 9,773,585 ordinary shares, representing approximately 0.03% of its current voting rights. The company […]
Beacon temporarily suspends trading
Beacon Energy plc today temporarily suspended its shares from trading until it announces and publishes an admission document. LOSSES The company’s local subsidiary previously accumulated debts of €7.5 million following a poor show from drilling on the Erfelden field in Hessen, Germany. In January, Beacon became a cash shell after creditors sold certain assets, marking […]
Tullow NED buys 100,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 100,000 ordinary shares of 10 pence each, at a price of £0.168 per share. The purchase for £16,800 took place on 25 June 2025. Tullow’s operated and non-operated assets are located in Africa, Argentina and the UK.
Prospex raises £1m for Viura-1B workover
Prospex Energy plc has raised £1,031,650 via a placing and subscription of 22,925,555 new ordinary shares at a 4.4% discounted issue price of 4.5 pence per share. RETAIL OFFER Directors and persons discharging managerial duties also participated for a total of 1,444,444 new ordinary shares. Non-executive chairman Bill Smith and chief executive officer Mark Routh […]