Orcadian Energy plc has agreed to sell 50% of the ordinary shares of HALO Offshore UK Ltd to Independent Power Corporation plc. COSTS IPC founder and chief executive Peter Earl as well as Mark Preece will join directors Alan Hume and Steve Brown, who is also Orcadian CEO, on the HALO board. Both companies aim […]
Company Moves
United conditionally raises £700,000
United Oil & Gas plc has conditionally raised £700,000 via a placing and subscription for a total 700 million new ordinary shares of £0.00001 each in the capital of the company, at £0.001 each. JAMAICA Proceeds will go towards work programme obligations and seeking a farm-out for the 22,400km2 Walton Morant exploration licence, offshore Jamaica. The fundraise […]
Europa appoints shareholder as NED
Europa Oil & Gas (Holdings) plc has appointed Bo Krøll to the board as a non-executive director with immediate effect to increase representation of its shareholders. Chief operating officer Alastair Stuart leaves the board in order to maintain a majority of independent non-executive directors on the board. Mr Krøll is a proven entrepreneur, businessman and long-term shareholder in Europa […]
Guardian chairman steps down
Guardian Metal Resources plc non-executive director and chairman David Ovadia has stepped down. His replacement from 11 December is independent non-executive director J.T. Starzecki who will additionally be a member of the remuneration committee. The company has also appointed Benjamin James Hodges as financial director, effective from today. Mr Ovadia was chairman of Guardian and […]
Ascent appoints Gilles Thieffry as chairman
Ascent Resources plc said it intended to appoint Gilles Thieffry to the board as non-executive chairman. The company also created a new joint venture special purpose vehicle with Delta Energy Corp SARL, focusing on new development opportunities in “world-class proven hydrocarbon basins”. Mr Thieffry has four decades’ legal experience with expertise in capital markets, structured […]
Cornish Lithium appoints Gary Steven as NED
Cornish Lithium plc announced new board changes with the appointment of Gary Steven as a non-executive director while NED Adam Howard steps down. Mr Howard leaves with immediate effect to become chief financial officer at Invinity Energy Systems. “I extend my thanks to Adam for his contributions as a non-executive director and wish him every […]