Deltic Energy plc’s cash sale of £7.2 million to Neo Next+, and the change of control of assets, has received approval from industry regulator the North Sea Transition Authority. DATES The sale, by way of a court-sanctioned scheme, remains subject to conditions outstanding. A sanction hearing is scheduled for 13 August 2026 at the High […]
Tag: oil and gas
Capricorn sets deadline for rival offers
Capricorn Energy plc has clarified the deadline for two of its potential purchasers to make an offer for the company. INTENTIONS The Scottish company reached an agreement on 2 July 2026 on an all cash $360 million offer from Genel Energy Ltd. Prior to Genel’s offer, the first interested party Alamadiyaf al-Masiyyah had had extended […]
Orcadian issues 273,749 shares
Orcadian Energy plc has issued 273,749 ordinary shares to settle £35,000 of the face value of the December 2025 loan amount. TVRs Following the conversion, a total of £317,500 in aggregate face value of CLNs remains outstanding. On admission, the company’s total voting rights will be 80,260,726 ordinary shares. Orcadian holds oil and gas licence interests in the […]
Serica secures new $750m RBL
Serica Energy plc has signed a new six-year, senior secured reserves based lending facilities for an aggregate $750 million (£562m). FLEXIBILITY The total sum comprises $500m (£375m) secured revolving loan facility and a $250m (£187m) secured revolving letter of credit facility. The company said that the new facilities were oversubscribed and replace its current $525m […]
Capricorn under second possible offer
Capricorn Energy plc has confirmed it has received a proposal on a possible offer, of 381 pence per share, from private investor Samos Energy Ltd. UNDERTAKINGS The offer price, published on 22 July, is similar to the 2 July agreement between Capricorn and Genel Energy plc of US$4.74 (£3.57) for each share, comprising US$3.75 cash […]
Capricorn to admit 5.3m block shares
Capricorn Energy plc has applied for a block admission of 5,316,739 ordinary shares of 799/122 pence each to the London Stock Exchange. TVRs The shares will meet the demand for share option exercises and vesting of awards under the company’s employee share plans. Of the total, 845,313 ordinary shares are expected to be allotted to […]