Block Energy plc has increased its US$1.06 million loan, secured in February 2023, by $940,000 for its oil and gas operations in Georgia. DIRECTORS’ DEALINGS The funds will maintain scheduled liftings and accelerate procurement of materials to drill its next project I wells, the first of which is KRT-45Z, in the West Rustavi/Krtsanisi field. The […]
Tag: chief executive officer (CEO)
i3 Energy reports chairman and CEO share dealings
Oil and gas company i3 Energy plc announced share dealings by two directors of the company. PURCHASE Chairman John Festival purchased 1,000,000 ordinary shares of 0.01 pence each in the company at CAD0.355 per share. He now has 2,602,360 ordinary shares, representing 0.22% of the company’s issued share capital. Chief executive officer Majid Shafiq purchased […]
Block CFO William McAvock resigns to improve company’s efficiencies
Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]
NSTA appoints Stuart Payne as new CEO
The North Sea Transition Authority (NSTA) has appointed Stuart Payne as the new chief executive officer, effective 1 January 2023. CURRENT POSTS He will succeed outgoing CEO Dr Andy Samuel, who has held the post since NSTA’s creation as the Oil and Gas Authority in 2015. An experienced business leader and current NSTA supply chain, […]
Galantas Gold chief executive Roland Phelps to retire
Galantas Gold Corporation announced that Roland Phelps will retire as the company’s chief executive officer and as a member of the board of directors. He will be replaced by Canadian mining executive Mario Stifano on the closing date of a proposed private placement of company shares. Metals trading company Ocean Partners Ltd‘s chief financial officer […]