Scirocco Energy plc shareholders today voted to cancel trading with the last day of dealings expected to be on 16 May. The company will hold further general meeting in approximately two months to appoint liquidators ahead of returning cash to its investors. The process will be via a members’ voluntary liquidation.
Tag: oil and gas
Deltic mulls gas licence awards
Deltic Energy plc said it would consider whether to accept the two southern North Sea gas basin licences provisionally awarded in the UK 33rd offshore licensing round. PENSACOLA Containing “a mixture of small discoveries and low risk, infrastructure led exploration prospects”, Blackadder comprises blocks 47/5b, 47/10c and 48/6c while NE SNS consists of 43/2b, 43/3b, 43/4b, […]
Tullow Oil CFO in shares purchase
Tullow Oil plc chief financial officer Richard Miller has purchased 54,000 ordinary shares of 10 pence each in the company at a price of £0.36 per share. The transaction for £19, 440 took place on 1 May. Tullow‘s licence interests are in Africa, South America and the UK.
Deltic risks losing Pensacola without funds
Deltic Energy plc needs to find £15 million for its share of costs for the Pensacola discovery or withdraw from the project if it fails to find a farm-in partner by the end of May. CAPITAL The company also warned it might not be able to obtain alternative sources of capital or on acceptable terms. […]
UKOG appoints adviser for Loxley farm-out
UK Oil & Gas plc has appointed specialist adviser Envoi Ltd for the farm-out of up to 50% of the Loxley gas and hydrogen feedstock project. COSTS The farm-out aims to have the planned Loxley-1 appraisal drilling and testing programme carried by the future partner or partners. UKOG said that there were also separate “active […]
Angus NED Paul Forrest resigns
Angus Energy plc non-executive director Paul Forrest has resigned with effect from today. Mr Forrest owns Forum Energy Services Ltd, which completed the sale of Saltfleetby Energy Ltd to Angus in May 2022. He has been involved in the development of the company’s Saltfleetby project since 2019 and joined the board in July 2022. Angus said […]