Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]
Day: 14 November 2024
Capricorn to return $575m to shareholders
Capricorn Energy plc has committed to returning some US$575 million excess cash flow to shareholders. ACTIONS The company said the funds, due over the coming 12 months, were not needed for its future operational focus. A total $100m depends on negotiations with stakeholders and licence extensions in Egypt, actual oil and gas prices and the […]
Parkmead reports better than expected LDS-01 flow rates
The Parkmead Group (PMG) reported better than expected gas condensate flow rates from the LDS-01 well on the joint venture Drenthe VI licence in the Netherlands. LDS-01 WELL The company has six Netherlands licences with a number of low-risk exploration prospects. The LDS exploration project, within the Drenthe VI licence (7.5%), involves drilling two to […]
Reabold grants senior directors 390m share options
Reabold Resources plc granted executive and senior management nil cost options over a total 390,000,000 ordinary shares of 0.1p each, in line with its new 2023 long term incentive plan. DIRECTORS The awards represent 4.25% of the company’s issued share capital. The company said that all previous share option plans had expired on 19 March […]
Capricorn appoints Randy Neely as CEO
Capricorn Energy plc will appoint Randy Neely as its new chief executive officer from 1 June 2023. Mr Neely is the former president and CEO of Egypt-focused operator TransGlobe Energy Corporation with operations in the Eastern and Western Deserts. He has more than 25 years’ industry experience in executive and financial roles, including chief financial […]