i3 Energy plc’s subsidiary in Canada has agreed to sell certain of its royalty assets for gross cash of US$24.81 million (£19.9m). GROWTH The company said that the definitive transaction, with a “newly formed private royalty company” marked the next step in changing i3’s capital structure. The deal will also enhance its financial flexibility through […]
Tag: oil and gas
Angus Energy CEO purchases 5m shares
Angus Energy plc chief executive officer Richard Herbert has bought 5 million ordinary shares of 0.002p each at an average price of 0.5 pence per ordinary share. The purchase on 16 April takes Mr Herbert’s shareholding in the company 8.3m ordinary shares representing 0.02% of Angus Energy’s issued share capital.
Europa CEO purchases 525,456 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 525,456 ordinary shares of £0.01 each in the company at a price of 1.02 pence per ordinary share. Following the purchase, Mr Holland is beneficially interested in a total 3,893,300 ordinary shares, representing approximately 0.406% of the Europa’s issued share capital.
Beacon sidetrack rig delayed for Erfelden
Beacon Energy plc said that mobilisation of the drilling rig has been delayed by approximately two weeks for the SCHB2 sidetrack in the Erfelden field. TIMELINE The rig, originally scheduled for mid-April, is currently contracted to a third-party operator for well operations some 50km from the company’s site. Beacon plans to begin side track operations […]
Baron chooses new Chuditch-2 drill site
Baron Oil plc has chosen a new drill location after finding the original site unsuitable for a jack-up rig for the Chuditch-2 appraisal well, offshore Timor-Leste. DRILL PLANS A now completed geotechnical survey, focused on physical studies of the seabed, revealed that the initial chosen area was an irregular seabed unsuitable for a jack-up drilling […]
Scirocco sets date for vote to cancel trading
Scirocco Energy plc shareholders will vote on 7 May on how the company should return cash to them and on cancellation of trading on AIM. Scirocco’s investors will also vote on re-registration as a private company and adoption of new articles of association. The company expects the final day of trading for existing ordinary shares […]