The oil and gas company announces a workover program to improve production from one of its wells in India, but limited financial details raise concerns about the overall business performance.
The energy company has agreed to sell its 50% stake in the Cambay asset for £14 million, representing a compelling valuation and providing funds for shareholder returns and new initiatives.
The energy company has agreed to sell its 50% interest in the Cambay PSC to Selan Exploration for US$14 million, representing a compelling valuation and providing resources for shareholder returns and new initiatives.
The energy company has released a TR-1 notification regarding major shareholdings.
The energy company has appointed a new Nominated Advisor to provide regulatory oversight and advisory services.
The energy company announces plans to drill new wells and conduct workover operations on existing legacy wells in its Cambay PSC project in India, aiming to improve production.
The energy company has delayed the start of its drilling program at the Cambay asset in India, pushing back production plans.
The energy company has reported a change in major shareholding, with an investor increasing its stake to 14.5%.
The oil and gas explorer reported a profit boosted by asset sale, but faces declining revenue, production, and ongoing profitability challenges. Future performance hinges on a new well completion in late 2025.
The oil and gas explorer has raised £750,000 through a discounted share placing, signaling potential challenges in the business.