Angus Energy plc non-executive director Paul Forrest sold 2,000,000 ordinary shares of 0.002p each at an average price of 2.2 pence, for approximately £44,000. The sale on 7 October 2022 leaves Mr Forrest’s total shareholding in the company at 536,750,000 ordinary shares, representing 18.56% of Angus Energy’s issued share capital.
Finance
Corcel raises £200,000 via placing to NPC
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, the company’s total issued share capital will comprise 580,208,295 ordinary […]
Prospex Energy receives £24,000 via warrant exercise
Prospex Energy plc received £24,000 following notice to exercise warrants for 800,000 new ordinary shares of 0.1p each at an exercise price of 3 pence. The warrants were issued pursuant to a warrant agreement dated 23 February 2022, relating to a placing in March 2021. After admission, Prospex will have a total of 274,980,846 ordinary shares […]
EnQuest agrees refinancing of $792m senior notes
EnQuest plc has agreed a successful refinancing of its existing $792.3 million senior notes due 2023. AGREEMENT The company, with oil and gas projects in the UK North Sea and Malaysia, priced the offering of new $305m 11⅝% senior notes due 2027, which were due for settlement on 25 October 2022, at an issue price of […]
Block production and revenue fall in Georgia
Block Energy plc reported a fall in production and revenue during the third quarter from its operations in Georgia. FINANCES Revenue was $1,833,000 (Q2: $2,228,000) while the cash balance was $1.1m (30 June 2022: $1.4m). Block Energy said the decrease in cash reflected the cost of drilling well JSR-01, ordering of long-lead items associated with […]
Power Metal creates pool of 25m warrants for advisers
Power Metal Resources plc has created a separate pool of 25 million warrants as an incentive for business advisers, consultants and in-country teams supporting the company. GROWTH The company said that the adviser warrant pool would be for those who are, or may become, key to business growth and development and have been, or may […]