Tullow Oil plc has agreed to sell its entire working interests in four blocks in the South Lokichar Basin, Kenya for a “minimum” of $120 million cash. VALUE The heads of terms agreement follows the company’s attempts in 2023 to secure a farm-out after its then partners exited the project. Buyer Gulf Energy Ltd will […]
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Guardian issues 1.25m shares in warrants exercise
Guardian Metal Resources plc has issued a total 1,253,999 new ordinary shares of 1 pence each following a warrants exercise at 17p per warrant share, for £213,179.84. TVRs Upon admission, the company’s issued share capital will comprise 129,445,634 ordinary shares of 1p each, with voting rights. The warrants exercise follows one on 4 April over a […]
EGT appoints Cathal Friel as chairman
European Green Transition plc has appointed its co-founder Cathal Friel as its non-executive chairman, with immediate effect. Mr Friel, who replaces Daniel Akselson, has more than 20 years’ experience in corporate finance and merger and acquisitions. He was previously chairman of hVIVO plc (formerly Open Orphan plc), before which he co-founded Amryt Pharma plc which […]
Harbour grants deferred bonus shares to executives
Harbour Energy plc has granted deferred bonus shares to two executive directors under the company’s 2017 long term incentive plan. VESTING On 7 April, chief executive Linda Z. Cook received 66,343 shares at an award price of £2.0106, while chief financial officer Alexander Krane received 86,021 at the same price. The awards represent 25% of […]
Helium One JV confirms free gas in Jackson-29
Helium One Global Ltd’s joint venture partner has confirmed free gas in the Jackson-29 well at the Galactica project in Las Animas County, Colorado, USA. QUALITY Blue Star Helium reported that well flowed naturally, in line with the Jackson-31 and Jackson-4 wells. The target Lyons formation was encountered at 1,122ft (342m) and the well completed […]
Europa awards 5.5m share options to CEO
Europa Oil & Gas (Holdings) plc has awarded 5,599,840 options over ordinary shares of one pence each to chief executive William Holland, under its 2024 enterprise management incentive scheme. The award increases Mr Holland’s total number of options held to 25,599,840. The new options, each with an exercise price of £0.01, vest on the third […]