EnQuest plc non-executive director and senior independent director Karina Litvack has resigned due to an “unexpected conflict” arising through EU laws. The company said that the bloc’s “unbundling directive” prohibited any director of a European power transmission company from also serving on the board of an upstream operator. Ms Litvack, who was appointed to the […]
Month: November 2024
Serica secures new $525m loan with $1bn potential
Serica Energy plc has signed a new US$525 million secured reserves based lending facility, with the potential to double the figure to more than $1 billion. QUALITY The new transaction simplifies the company’s financing arrangement by replacing the existing RBL and junior facilities with a single facility. The existing RBL facility has $271m drawn and […]
Star Energy appoints Aneliya Erdly as board NED
Star Energy Group plc has appointed Aneliya Erdly to the board as an independent non-executive director, with immediate effect. Ms Aneliya, who will be a member of the remuneration committee, is an executive with more than 18 years in power projects execution and asset management. Her experience includes building from scratch and running renewable energy […]
Orcadian raises £500,000 via discounted subscription
Orcadian Energy plc has raised gross proceeds of £500,000 through issuing 3,571,429 new ordinary shares of the company at a price per new ordinary share of £0.14. The funds were raised as part of a direct subscription from the company’s existing investors. The subscription price represents a discount of approximately 15% to the closing mid-price […]
Tullow Oil NED acquires further 100,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought an additional 100,000 ordinary shares of 10 pence each in the company at a price of 33 pence per ordinary share. The £33,180 transaction was on 12 December.
UKOG secures explosive permits for Pinarova-1
UK Oil & Gas plc (UKOG) is nearing the restart of its Turkish operations after explosive permits were secured for the 7-inch perforating guns to test the Pinarova-1 exploration well. OIL The guns, fully capable of penetrating the well’s 9⅝-inch casing, are now ready for transport to the site. UKOG said it was currently liaising […]