Rockhopper Exploration plc said it had received €19 million of the €45m tranche I payment of the Ombrina Mare arbitration award. CASH BALANCE The balance of €26m goes to the original arbitration funder, while tranches II and III remain payable to Rockhopper upon a successful annulment outcome. The company’s legal representatives will receive success fees of […]
Tag: oil and gas
UKOG to comply with ‘perplexing’ Horse Hill ruling
UK Oil & Gas plc will submit a new plan or amend its existing one for Horse Hill oil production after yesterday’s ruling that end-use burning emissions must be included in the application. REGULATIONS The legal challenge was brought by Sarah Finch on behalf of the Weald Action Group (Finch et al) to Surrey County […]
Baron enters year three of Chuditch PSC
Baron Oil plc has entered year three of the Chuditch production sharing contract as it continues to prepare financing for an appraisal well, offshore Timor-Leste. DISCUSSIONS Subsidiary SundaGas holds a 60% working interest in the joint venture with state-owned Timor Gap Chuditch Unipessoal Lda. For the third year, which began on 19 June, the partners […]
Kistos appoints Stephen Pawson as board NED
Kistos Holdings plc has appointed Stephen Pawson to the board as an independent non-executive director with immediate effect. He replaces Julie Barlow, who today steps down to focus on other professional commitments. “I would like to express a huge debt of gratitude to Julie, who has served Kistos tirelessly since its inception in 2020,” said […]
Angus appoints Antoine Vayner as board NED
Angus Energy has appointed Antoine Vayner to the board as a non-executive director, representing its largest shareholder Kemexon Ltd. The company said that his appointment should enable it to pursue identified growth opportunities. Mr Vayner is experienced in origination and execution of a variety of transactions in the energy sector. He previously worked for St […]
Borders appoints W. Sean Guest as NED
Borders & Southern Petroleum plc has appointed W. Sean Guest as a non-executive director with immediate effect. Dr Guest has worked in the oil and gas industry for more than 35 years and is currently president and chief executive officer of Valeura Energy Inc. He was previously CEO of two private junior companies and has […]