Predator Oil & Gas Holdings plc expects to start receiving revenues from its new 51% holding in the operator of the Bonasse field in the Southwestern Peninsular, Trinidad. TECHNOLOGY The $170,000 investment in Caribbean Rex Ltd adds to Predator’s existing country assets of the Cory Moruga oil field, containing the Snowcap discovery, and its extension, […]
Tag: acquisition
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Court sanctions Metals acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,842 new Metals shares, the company will have 2,951,875,559 ordinary shares of £0.0001 each in issue, of which 393,513,302 ordinary shares are held in treasury. The total number of voting rights is therefore […]
Metals shareholders approve Condor acquisition
Metals Exploration plc shareholders have approved the acquisition of Nicaragua-focused Condor Gold plc. TIMELINE At yesterday’s general meeting more than 99% of votes were in favour of the purchase. Completion of the acquisition is subject to remaining conditions and High Court sanction at a hearing expected on 13 January 2025. Condor shareholders approved the sale […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]
Red Rock pays part of Australia JV share purchase
Red Rock Resources plc has paid part of the amount due to acquire its partner’s 49% share in their Australian gold exploration joint venture. CLNs The company announced earlier this year its intention to purchase Power Metal Resources plc’s share in New Ballarat Gold Corporation plc. NBGC, held by local operator Red Rock Resources Australasia […]