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 […]
Tag: oil and gas
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 […]
Reabold notes 33m shares purchase
Reabold Resources plc non-executive director Michael Felton’s spouse bought 33,332,006 ordinary shares each at 0.075 pence. Mr Felton’s, and persons closely associated (PCA) with him, ultimate beneficial ownership is now 58,572,605 ordinary shares. The figure represents 0.57% of the company’s issued share capital.
Rockhopper due first Ombrina Mare payment
Rockhopper Exploration plc said it expected tranche I payment from its Ombrina Mare arbitration award within five business days. The compensation relates to Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected the company’s activities in the oil field. Rockhopper subsequently went to tribunal at the International Centre […]