Angus Energy plc has agreed a £3 million junior debt facility from commodity trading house and the company’s 9.91% shareholder Kemexon Ltd. BRIDGE FACILITY The ‘bridge facility’ has an initial term of three months, extendable by paying a 3% roll fee for a further three months. The debt is priced at SONIA* + 15% and commits the company to issue […]
Day: 15 November 2024
Corcel completes £1m placing with cornerstone investor
Corcel plc has completed a placing for £1,055,515 with an oil and gas focused cornerstone investor group. USES The fundraising was at a price of £0.0035, representing a 11% premium to the closing price of 27 March 2023 and a 16.6% premium to the 30-day VWAP. Corcel issued 301,575,574 new ordinary shares of £0.0001 to a […]
Clontarf signs direct lithium extraction JV in Bolivia
Clontarf Energy plc has signed a formal joint venture (JV) agreement with NEXT-ChemX for ion-targeting direct lithium extraction (iTDE) in Bolivia. TECHNOLOGY The deal follows February’s heads of agreement for the 50-50 JV to demonstrate the technical, commercial and environmental feasibility of iTDE. The JV will hold exclusive rights to deploy and commercialise NEXT-ChemX’s iTDE technology in Bolivia, and […]
Tungsten West appoints CEO Neil Gawthorpe as director
Tungsten West plc has appointed its chief executive officer Neil Gawthorpe to the board as an executive director. The company first announced its intention to make the appointment when Mr Gawthorpe became CEO earlier in March.
Union Jack starts share buyback
Union Jack Oil plc has started a share buyback programme funded by its own existing cash. TREASURY The programme will also be within the limitations of the authority granted by shareholders at the 2021 general meeting in June 2022. As at 27 March 2023, the company had purchased a total of 2,825,000 ordinary shares in […]
UKOG signs conditional farm-in for Horse Hill
UK Oil & Gas plc (UKOG) has signed a conditional binding term sheet for a farm-in with Pennpetro Energy plc for the Horse Hill oil field, 2km north of Gatwick airport in Sussex. PARTNERS The transaction, with the company’s subsidiaries UKOG Ltd (85.635%) and Horse Hill Developments Ltd (HHDL) (77.9%), will be on an incremental […]