Harbour Energy plc has granted an aggregate 3,718,143 share awards to executive directors under the company’s shareholder-approved 2025 long term incentive plan. BUSINESS On 9 May, chief executive Linda Z Cook received a total of 1,454,789 contingent share awards equal to 300% of her salary. Chief financial officer Alexander Krane received 746,045 share awards (240%). […]
Tag: oil and gas
United issues 12.5m shares in warrants exercise
United Oil & Gas plc has issued 12.5 million new ordinary shares of £0.00001 each in the company after receiving notices to exercise warrants at a price of £0.0015 per warrant share, for £18,750. TVRs The warrants were issued as part of the December 2024 fundraise and received approval in January 2025. Following admission, United’s […]
Reabold nears 50% stake in Colle Santo
Reabold Resources plc now holds 45.1% in the Colle Santo gas field after converting £500,000 of outstanding convertible loan notes into 374 ordinary shares in the project’s majority owner. RESERVES The conversion was at an average price of £1,350 per share in LNEnergy Limited (LNE). LNE manages and owns 100% of Italian company LNE Srl, […]
Capricorn JV to integrate Egypt concessions
Capricorn Energy plc is closer to integrating eight of its existing joint venture Egyptian Western Desert concessions into a new, single concession with improved commercial and development terms. PRODUCTION The Egyptian General Petroleum Corporation (EGPC) granted consent to the company and its partner Cheiron Oil and Gas Ltd, each holding 50%. The new concession agreement […]
Harbour to cut 250 jobs in Aberdeen
Harbour Energy plc plans to cut 250 jobs at Aberdeen, equivalent to a quarter, because of a fall in investment in the oil and gas industry as a result of the government policies. CHALLENGES In a statement today managing director of the company’s UK business Scott Barr said: “Harbour is launching a review of its […]
United raises £140,000 via placing
United Oil & Gas has raised gross £140,000 through a placing of 100 million new ordinary shares of £0.0001 each at a price of 0.14 pence per share with an existing shareholder. TVRs The placing utilises the company’s current remaining share issuance authority, excluding existing warrants. Following admission, United’s total issued share capital will comprise […]