Angus Energy plc said that on 6 April 2023 non-executive director Paul Forrest sold 13,000,000 more ordinary shares of 0.002p each at an average price of 1.8 pence per ordinary share. Following the sale for around £234,000, he now holds 499,856,061 ordinary shares representing 13.92% of the company’s issued share capital. Mr Forrest is the […]
Month: November 2024
UKOG ahead of schedule at Pinarova-1 well
UK Oil & Gas plc (UKOG) is several days ahead of schedule after reaching its planned 9⅝ inch casing point at 291 metres below surface in the Pinarova-1 shallow oil exploration well in Turkey. PROGRAMME The 50-50 joint venture is testing whether the active 41.7˚ API light oil seep found in a seismic shot hole above the […]
CAML grants 653,580 incentive awards
Central Asia Metals plc has awarded a total 653,580 nominal cost long-term share awards over ordinary shares to its executive directors. DIRECTORS The grant yesterday, at an exercise price of $0.01 per share, was under the company’s long-term incentive plan 2022. Each LTIP award is exercisable in return for one ordinary share. Chief executive officer […]
Portillion withdraws plans to buy Reabold
Reabold Resources plc’s prospective buyer announced it would not make an offer after the oil and gas investor “failed to engage meaningfully” over the proposed transaction. PORTILLION Portillion SPV O&G executive chairman Kamran Sattar made the offer in mid-March. The company was established to “acquire and manage companies in the energy sector engaging in the […]
CAML on target for paste fill mining at Sasa
Central Asia Metals plc said it was on course to meet group guidance and project developments at the Kounrad copper recovery plant in Kazakhstan and zinc-lead mine in North Macedonia. PRODUCTION The company’s figures for the first quarter of 2023 shows production of copper at 3,336 tonnes (Q1 2022: 3,024t). Compared with the same period […]
Harbour-BP to develop Viking CCS
Harbour Energy plc has agreed with bp to develop the Viking carbon capture storage (CCS) and transportation project close to the Humber region in the southern North Sea. VIKING CCS The company continues as operator holding 60% of the project with bp acquiring a 40% non-operated share. Viking CCS comprises four main components relating to […]