Borders & Southern Petroleum plc has raised £1.5 million before expenses by issuing 100m new ordinary shares at a 16.67% discounted price of 1.5 pence per new ordinary share. DIRECTORS DEALINGS The fundraise comprised placing 69,666,666 ordinary shares and subscription of 30,333,334 ordinary shares. Non-executive chairman Harry Dobson subscribed for 28m shares taking his total […]
Tag: oil and gas
Kistos appoints James Thomson as deputy CFO
Kistos Holdings plc has appointed James Thomson as deputy chief financial officer with immediate effect. He is expected to become CFO and join the board on 1 January 2025, subject to due diligence, after current post holder Richard Slape steps down at the end of 2024. “I would like to express my gratitude to Richard, who […]
Predator welcomes MOU-5 in-place potential
Predator Oil & Gas plc has reported potential in-place helium of 104.31bcf for the P50 upside case in the MOU-5 well on the Moulouya prospect at Guercif in Morocco. PATHWAYS Scorpion Geoscience Ltd’s new report includes 598.88 billion cubic feet for the P10 upside case. In August, the potential conventional prospective gross recoverable gas resources […]
Predator appoints Stephen Boldy as chairman
Predator Oil & Gas Holdings plc has appointed Stephen Boldy as non-executive chairman, with immediate effect. A petroleum geologist with more than 40 years’ experience, Dr Boldy is currently chief executive of Lansdowne Oil & Gas plc. From 1980 to 1984 he was a petroleum geologist for the Petroleum Affairs Division of the Department of […]
Borders makes ‘key changes’ as cash decreases
Borders & Southern Petroleum plc posted a decrease of £1 million in cash as it continues to seek a farm-in partner for its three production licences in the South Falkland Basin. APPRAISAL Interim results show the company held cash of $756,000 as at 30 June (June 2023: $2.41m and December 2023: $1.9m). Operating loss for the […]
Rathlin plans reservoir stimulation at West Newton
Rathlin Energy (UK) Ltd has now “duly made” its application to conduct a “reservoir stimulation” within the Kirkham Abbey gas reservoir in the existing West Newton A-2 well in East Yorkshire. PROPPANT The joint venture operator said that the reservoir stimulation involved squeezing a “small volume of oil-based fluid” into the formation located within PEDL183. […]