Altus Strategies plc’s share-for-share merger of equals with Elemental Royalties Corp has received court sanction. TIMETABLE The companies first announced the agreement in June and received shareholder approval on 8 August. Altus said that the High Court of Justice of England and Wales had today made an order sanctioning the scheme under section 899 of […]
Day: 15 November 2024
Neptune to add further two wells on Cygnus
Neptune Energy said it had begun drilling its 10th well on the Cygnus gas field in the UK southern North Sea. HIGHER OUTPUT The second of a two-well programme is due to come onstream during 2023, with both wells helping to maintain production, said the company in its half-year results. Neptune also plans to increase output during […]
Neptune Energy’s profits rise to $761.7 million
Neptune Energy announced profits of $761.7 million (£627m) in the first six months of 2022 from its portfolio of oil and gas operations. OPERATIONS The H1 2022 profits are more than a seven-fold increase from H1 2021 at $100.3m. The company’s financial results for the first half of 2022 showed a strong financial performance supported […]
Ascent Slovenia receives first payment of €650,560
Ascent Resources plc said it had received the first cash payment following the agreement on recognition of revenue at its joint venture (JV) onshore gas operations in Slovenia. REVENUES On 2 August the company and its local JV partner agreed Ascent’s entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells […]