The oil and gas exploration company has secured a 12-month extension for its EG-08 production sharing contract in Equatorial Guinea, allowing more time to advance the farm-out process and technical plans for the Barracuda prospect.
The oil and gas explorer reported reduced losses but faced declining revenue in its interim results. Progress on key projects and improved gross profit were offset by a weaker cash position and ongoing operational challenges.
The oil and gas exploration company is hosting an investor presentation and Q&A session for current and interested investors.
The oil and gas exploration company has announced a change in its significant shareholding, with BGF Investment Management Limited selling its entire stake.
The oil and gas exploration company announces a director has purchased additional shares.
The oil and gas exploration company has announced that its CEO has purchased additional shares in the company.
The oil and gas exploration company has entered into detailed commercial discussions and signed a non-binding Heads of Terms with a major energy company to farm-out an interest in the EG-08 block in Equatorial Guinea.
The oil and gas exploration company has received a US$500,000 consideration related to a revenue agreement, but the full impact is unclear.
The oil and gas exploration company has entered into a revenue swap agreement, securing upfront funding without diluting shareholders.
The oil and gas exploration company has granted options to its Chief Executive Officer.