Reabold Resources plc has awarded 96,016,810 nil-cost share options to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. On 6 June, co-chief executive officers Sachin Oza and Stephen Williams each received 36,839,030 awards and chief financial officer Chris Connolly received 22,338,750. The awards represent 50% of the total 2023 annual […]
Tag: oil and gas
Buchan first oil deferred to 2027
Jersey Oil & Gas plc said that first production from the Buchan field has been deferred to late 2027 due to uncertainty of financial policies following the early General Election in July. FDP Operator NEO Energy is currently working on the field development plan, the completion and approval of which is linked to “fiscal clarity” […]
Angus restarts Brockham 2Y well production
Angus Energy plc has restarted production from the Brockham 2Y well within PL235 near Dorking in Surrey. GROWTH The workover of the well concluded in late May, a new pump installed and repairs and upgrades made to the surface equipment. The company said that after a period of flow to clean up the well, production […]
Star Energy CEO Chris Hopkinson steps down
Star Energy Group plc chief executive officer Chris Hopkinson has stepped down from the role and the board with immediate effect, after 12 months in the post. His replacement is Ross Glover who is expected to be appointed to the board following the company’s general meeting 12 June. Mr Hopkinson, who will not stand for […]
UKOG repays more of £2m loan
UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The balance now stands at £310,000 of the original £2m loan. Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.
Beacon finds ‘poor’ initial response at Erfelden
Beacon Energy plc said it was yet to stabilise rates after a poor initial reservoir response from the Schwarzbach 2(3.) (SCHB-2) sidetrack in the Erfelden field, Hessen. DATA Sand jetting operations completed in February to stimulate the well before production restarted with the rod pump. SCHB-2 began from the original well bore at a depth […]