UK Oil & Gas plc has issued 206,965,282 ordinary shares to reduce the £2 million loan from lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. Future conversion of the shares will further reduce the principal balance below January’s £660,000 figure. Following admission, the total voting rights in the company will be 3,460,957,892 ordinary shares. […]
Tag: oil and gas
Capricorn in line for $9.5m dividend from Vedanta
Capricorn Energy said that a payment order had been issued regarding Vedanta Ltd’s $9.5 million dividend owed to Capricorn UK Holdings Ltd. The Securities and Exchange Board of India issued the order dated 12 March 2024. Vedanta, which must pay the money within 45 days of the order’s date, may challenge the order before the […]
Angus shareholders approve 227m fee shares issue
Angus Energy plc shareholders backed the issue of 226,513,000 fee shares to Aleph Commodities Ltd in relation to February’s £20m Trafigura financing. Approval was given at the company’s general meeting on 14 March. On admission, Angus will have 4,394,406,340 ordinary shares in issue, each with the right to one vote. The company holds no ordinary shares […]
Baron Oil chairman and CEO step down
Baron Oil plc non-executive chairman John Wakefield and chief executive officer Andy Yeo have stepped down. Dr Andy Butler, currently director Asia-Pacific, becomes CEO with immediate effect. Mr Yeo remains on the board until the end of March to transfer responsibilities to the new CEO, while Mr Wakefield will leave the board once a new […]
Orcadian agrees new date to repay $1m loan to Shell
Orcadian Energy plc has agreed an extension until 13 June 2024 to pay the US$1 million loan to Shell. AGREEMENTS The original repayment was 23 August 2023 which was twice extended to 13 March 2024. The company said that the new extension allowed time to process the $3.1m sale of a 81.25% interest in its […]
Tullow Oil CEO-CFO exercise total 10.5m share options
Two Tullow Oil plc directors have exercised a combined 10.5 million granted nil price options over ordinary shares of 10p each in the company. On 11 March, chief executive officer Rahul Dhir acquired 5,549,057 shares in relation to the company’s executive share plan for the performance period 2024-2026. He also acquired 1,144,385 shares from options […]