Capricorn Energy plc has engaged English and Norwegian counsel after its Columbus field partner Waldorf UK plc announced plans to restructure. ADMINISTRATION The company is awaiting the overdue final US$22.5 million settlement payment relating to the UK central North Sea asset. Capricorn today said: “Under Waldorf’s plan, certain amendments will be made to the terms […]
Tag: oil and gas
Borders issues 500,000 shares in warrant exercise
Borders & Southern Petroleum plc has issued 500,000 new ordinary shares in the company following an exercise of warrants over 500,000 new ordinary shares of 1 pence each. DARWIN The exercise price of 1.5 pence per warrant share gives the company an aggregate £7,500. Following admission, Borders’ total issued share capital of the company will […]
Predator raises £2m with strategic investors
Predator Oil & Gas Holdings plc has raised £2 million by conditionally placing with strategic investors 50m new ordinary shares of no par value in the company at 4 pence each. CORNERSTONE The company said that the placing utilised some of its existing headroom shares under the Financial Conduct’s Authority prospectus regulation rules. A total 10 million warrants are also […]
Tullow appoints Richard Miller as interim CEO
Tullow Oil plc has appointed chief financial officer Richard Miller as interim chief executive, replacing Rahul Dhir whose departure was announced in December 2024. Mr Dhir is expected to leave the board on 14 February and remain available to Tullow until his notice period ends on 5 June. The company said that the process to […]
Angus receives booster compressor for Saltfleetby
Angus Energy plc has received the booster compressor to add to its existing two compressors at the Saltfleetby field gas processing facility in Lincolnshire. RECOVERY The US-made unit was shipped to the UK and arrived at the site last week. “It has been safely positioned on its concrete plinth and the work to complete the […]
Reabold increases interest in West Newton
Reabold Resources plc has completed its £700,000 acquisition of further shares in Rathlin Energy (UK) Ltd, operator of the onshore West Newton gas joint venture within PEDL183 in East Yorkshire. The company purchased the shares from Connaught Oil & Gas Ltd, increasing its equity interest in Rathlin to approximately 79.8%. Reabold holds a 69.9% economic […]