UK Oil & Gas plc raised £462,554 from an open offer to shareholders. The company received valid applications in respect of a total of 256,974,621 new ordinary shares in the company.
Tag: oil and gas
Scirocco sells Helium One shares for £1.22m
Scirocco Energy plc has sold a further 5.3 million ordinary shares in Helium One Global Ltd for £1.22m. The company has also exercised its one million share options, with a strike price US$0.035. Scirocco now holds 5,256,088 ordinary shares, representing some 0.85% of Helium One’s current issued share capital. In total, Scirocco has realised around […]
EnQuest investors back Golden Eagle share acquisition
EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
United marks ‘exceptional success’ from Egypt assets
United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]
Block NED David Sandroshvili steps down
Block Energy plc announced that non-executive director David ‘Dato’ Sandroshvili tendered his notice of resignation as a director of the company. The company yesterday said that the resignation was immediately effective.
Block retains former NED Chris Brown as technical consultant
Block Energy plc said it would retain the services of a former non-executive director as a technical consultant. Earlier in July, Chris Brown announced his resignation which the company said became effective today instead of the previously announced date of 2 October 2021. Chairman Philip Dimmock said that Mr Brown had decided to step back […]