Orcadian Energy plc has agreed an extension until 13 June 2024 to pay the US$1 million loan to Shell. AGREEMENTS The original repayment was 23 August 2023 which was twice extended to 13 March 2024. The company said that the new extension allowed time to process the $3.1m sale of a 81.25% interest in its […]
Day: 7 November 2024
Tullow Oil CEO-CFO exercise total 10.5m share options
Two Tullow Oil plc directors have exercised a combined 10.5 million granted nil price options over ordinary shares of 10p each in the company. On 11 March, chief executive officer Rahul Dhir acquired 5,549,057 shares in relation to the company’s executive share plan for the performance period 2024-2026. He also acquired 1,144,385 shares from options […]
United allows more time for ‘crucial’ fundraise vote
United Oil & Gas plc has given its shareholders three days from tomorrow’s general meeting to vote on resolutions including February’s conditional £1 million fundraise. GOING CONCERN The company said it was “crucial” to approve the resolutions, warning that rejection threatened its future survival. United’s current interests are in Jamaica and onshore UK, after leaving […]