EnQuest plc plans to delist from Nasdaq Stockholm because of additional compliance costs when it no longer had a legal or physical presence in Sweden. EUROPEAN UNION The company depends on external support to ensure compliance with Nasdaq Stockholm, which had created the additional unexpected expense. The formal application for delisting will be submitted to […]
Day: 11 November 2024
Prospex converts £225,377 CLNs to 5.3m shares
Prospex Energy plc received notices to convert a total £225,377.72 in two convertible loan notes (CLNs) in exchange for 5,303,006 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. On admission, Prospex will have a total of 312,603,360 ordinary shares in issue. Chief executive […]
Colle Santo gas field nears start of early production
Operations are due to start at the Colle Santo onshore gas field after the Abruzzo regional government signalled its intention to approve an early production programme. DE-RISKING Reabold Resources plc holds a 16.2% equity interest in the project, estimated to hold 65bcf of 2P reserves, while operator LNEnergy Ltd has an exclusive option over 90% […]
EnQuest appoints Michael Borrell as NED
EnQuest plc has appointed Michael Borrell as a non-executive director with effect from 5 September 2023. He will also the sustainability committee and governance & nomination committee. Mr Borrell is an operator of large-scale exploration and production assets with more than 35 years’ experience at TotalEnergies, including managing the integration of the Maersk Oil business. […]