Golden Metal Resources plc received notices to exercise warrants over 4,001,317 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share for £430,141.57. On admission the company’s issued share capital will comprise 100,813,444 ordinary shares of 1p each, each with voting rights.
Day: 19 December 2024
UJO marks West Bowlegs commercial discovery
Union Jack Oil plc reported a commercial discovery at the joint venture Andrews 1-17 well, drilled to test the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said that high quality oil was being produced with an API gravity of approximately 41 degrees. Test production and well clean-up continues while the partners have […]
Orcadian in line for Earlham-Clover
Orcadian Energy plc is in line for a southern North Sea licence, adding to the two central North Sea licences previously awarded in the 33rd licensing round. DEVELOPMENT Licence blocks 49/25b, 50/21a, 49/30a and 50/26 contain the Earlham discovery with a high inerts content and the “exciting” undrilled prospect of Clover. The company said that […]
Baron Oil exits UK
Baron Oil plc has exited the UK after failing to secure new North Sea blocks in the 33rd licensing round and the earlier relinquishment of the Dunrobin-Golspie joint venture licence. Chief executive Dr Andy Butler said: “We can now focus all our attentions on our core area of SE Asia, where we have an exciting […]
Europa declines UK offshore licence
Europa Oil & Gas (Holdings) plc has declined the offer of a licence by the North Sea Transition Authority in the 33rd offshore licensing round. OPPORTUNITIES The regulator had awarded the licence as a marriage between the company and another party. Europa declined the marriage and the full licence should NSTA decide to offer it […]
Scirocco shareholders vote to cancel trading
Scirocco Energy plc shareholders today voted to cancel trading with the last day of dealings expected to be on 16 May. The company will hold further general meeting in approximately two months to appoint liquidators ahead of returning cash to its investors. The process will be via a members’ voluntary liquidation.