“The value of this investment has the potential to dramatically increase over the coming year," said CEO Eddie Gonzalez.
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Echo highlighted that Holland was ‘originally technically focussed’ though has spent the majority of his career in commercial, financial and M&A roles.
Mosman said it will report updated production statistics to investors as they become available.
The two sides want time to finalise the “technical and financial elements” of a contract that will lift supply “beyond” 100 megawatts from 50 megawatts currently.
To coincide with its listing on London's junior market it has appointed a UK-based non-executive director
The extension of the put option exercise date allows the company to focus on making money from its assets
In London, Regal Petroleum shares gained 5.26% in Monday’s early deals to change hands at 4p each.
“We have a gas discovery with excellent reservoir quality here at the Mako South-1 well location," said Tom Kelly, Empyrean chief executive.
Obtala was named the Social Stock Exchange's 'Impact Company of 2017'
The Otakikpo field is producing around 5,000 bopd and Lekoil is focussing on the ramp-up to the Phase 1 target of 10,000 bopd.
BritDAQ will provide a platform for investors to buy and sell shares once Fusionex’s shares are de-listed from AIM next week
Earlier this month, Eland raised £15.2mln through the issue of new equity - placing shares at 27.55mln at 55p each.
Onshore, the company has a number of programmes including well work-overs, reactivations, and maturation of new drilling opportunities.
Work is expected to start promptly once approval has been granted, NUOG said.
The Botswana focussed coal bed methane group has added the City investors and long-term shareholder to its board.
Ophir says it has the capital continue investment to maximise cash generation of its production and development portfolio.
A new well is planned at the Ogo discovery, though the producing Otakikpo field is the immediate focus for the company.
“Faroe is delighted at the efficient progress Statoil is making with this important project," said chief executive Graham Stewart.
“Broadbridge Bridge well may prove a litmus test for whole play”
With the resignation of the nomad and broker, Fuisionex shares will be suspended from tomorrow before being cancelled altogether next week
The plan is to sell at least some of Solo's 25% stake in the Ntorya gas discovery when a 25-year development licence is granted - and that is anticipated later this year.
The upcoming exploration well will be a pivotal test of some 5bn barrels of estimated oil potential in Ireland's Atlantic Margin.
Drilling began on Friday and so far 1,330 of a planned 1,707 feet have been drilled.
“We continue to work closely with our partner and are pleased with the progress in resolving outstanding cash calls,” said Jonathan Salomon, Oilex managing director.
Final hearings for the tribunal are scheduled for January