Tullow Oil plc said it would follow a transformational 2021 by delivering its long-term business plan for the company’s African oil and gas assets. FINANCES In its full year results for the year ended 31 December 2021, the company recorded revenue of $1,273 million (2020: $1,3960) with gross profit of $634m (2020: $403). Loss after […]
Tag: company moves
Hurricane Energy appoints Juan Morera as board NED
Hurricane Energy plc has appointed Juan Morera to the board as a non-executive director with immediate effect. The move follows a request from shareholder activist investor Crystal Amber Fund Ltd. Mr Juan Morera Calveras (Juan Morera), aged 39, is a CFA qualified investment analyst with more than 10 years’ experience. He currently works as an […]
Altus Strategies appoints Gérard De Hert as NED
Altus Strategies plc has appointed Gérard De Hert as a non-executive director (NED) of the company with immediate effect. Mr De Hert is managing director (technical services) at La Mancha Holding S.à r.l, where he oversees the technical assessment of new and existing investments. He has worked for more than 20 years on the appraisal and extraction of several of […]
Altona representative in Malawi no longer NED
Altona Rare Earths plc announced that its local representative partner in Malawi, Hilton Banda, is no longer a non-executive director (NED) of the company with immediate effect. The news follows the company’s decision to exit the project. Altona appointed Mr Banda as NED in November 2021.
Altona exits Chambe project
Altona Rare Earths plc announced it had terminated its interest in the Chambe project in Malawi. CONDITIONS PRECEDENT The company added that its local joint venture partner had failed to complete the conditions precedent as set out in an agreement. Altona said it had spent only minimal costs, mainly relating to due diligence, on the […]
Neptune unites business in management changes
Neptune Energy said it would unite its business as part of a range of staff changes to simplify its executive management team. SINGLE ENTITY Neptune’s UK and Norwegian businesses will be brought together and report to Neptune’s MD, Norway and the UK, Odin Estensen. The company will retain its offices in Aberdeen and Stavanger, with […]