Harbour Energy plc reported that institutional investors, closely associated with its chairman R. Blair Thomas, have sold a total 6,672,934 ordinary shares for an aggregate £13,746,244.04. On 21 March EIG Separate Investments (Cayman) LP sold 6,653,009 ordinary shares each of 0.002 pence at £2.06 per share for £13,705,198.54. On the same day, EIG Asset Management […]
Tag: oil and gas
Tullow to sell Gabon assets for £300m
Tullow Oil plc has signed a binding heads of terms agreement to sell its non-core Gabon assets to Gabon Oil Company for £300 million in cash net of tax. OPTIMISATION The sale comprises non-operated assets of 10 thousand barrels of oil per day of 2025 production guidance and c.36 million barrels of 2P reserves. Tullow […]
Prospex increases stake in Spanish gas assets
Prospex Energy plc has signed a binding agreement to buy its joint venture partner’s shares in the gas production concessions and exploration permits in Southern Spain. PRODUCTION The company and Warrego Energy Ltd operate through Tarba Energia S.L., with a 49.9 – 50.1% share in the El Romeral production concessions, and associated power plant, near […]
Europa CEO buys 765,763 company shares
Europa Oil & Gas (Holdings) plc’s chief executive officer Will Holland today bought 765,763 ordinary shares of £0.01 each in the company. The purchase is at an average price of 0.71 pence per ordinary share. Following the acquisition, Mr Holland is beneficially interested 7,109,716 ordinary shares, representing approximately 0.741% of Europa’s issued share capital. The […]
Serica frustrated by protracted repairs to Triton
Serica Energy plc faces further delays from repairs to the Triton FPSO due to take longer than originally anticipated. SUPPORT The company said that following conversations with operator, Dana Petroleum, production from Triton is now not expected to restart before May. Critical repairs were needed following Storm Éowyn in January with production set to resume […]
Angus issues 428m shares as deferred payment
Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]