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Pin to quick picksBaron Oil Share News (BOIL)

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EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

Tue, 02nd Apr 2024 12:26

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Baron Oil PLC - London-based oil and gas exploration company - Former chief executive officer Andy Yeo has stepped down from the board on Monday after the company transitions to Andy Butler as its new CEO. Further, company notes progress in appointing a new chair.

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Beacon Energy PLC - oil and gas company - Promotes Chief Financial Officer Stewart MacDonald to chief executive officer from June 1, the day current CEO Larry Bottomley intends to retire from his role. Bottomley has been CEO since the start of 2022 and will continue to support the company as a non-executive director. The company adds that its search for a chief operating officer to support the technical and operational workstreams in the executive team will start soon. Company adds that the rig mobilisation regarding the upcoming SCHB-2 sidetrack operation is on track with the rig due to arrive in location in mid-April with the sidetrack operation set to start the following week.

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DSW Capital PLC - Warrington, England-based financial advisory that provides advisory services in areas such as corporate finance and due diligence - Promotes Business Development & Operations Director Peter Fendall to chief operating officer. He joined the company in September 2021 and helped facilitate the initial public offering. Further, DSW appoints him as interim chief financial officer from May 17, replacing Nicole Burstow, the current CFO and deputy chief executive officer who is leaving the company.

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Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Appoints Nathaniel Edington as CEO from May 13, replacing outgoing CEO Richard Gibbs, who will retire from his role that day but continue to support the company until November. Incoming CEO Edington has held executive leadership positions at Austria-based semiconductor firm AMS AG and former semiconductor firm Wolfson Microelectronics PLC, which was bought by Austin, Texas-based Cirrus Logic Inc in 2014. "Nat has considerable knowledge and experience of the sector and the markets in which Filtronic operate and has demonstrated excellent leadership qualities aligned with Filtronic's people-focused culture, and drive for growth," Filtronic says.

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Genel Energy PLC - oil and gas exploration and production company, formerly focused on exports to the Kurdistan region - Deputy Chair Michael Fallon indicates intention to retire from the company's board at the annual general meeting next month.

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Naked Wines PLC - Norwich-based online wine seller - Appoints Rodrigo Maza as chief executive officer, effective Tuesday, which is also the first day of the company's financial year 2025, as Rowan Gormley returns to his previous role as non-executive chair. Further, Naked Wines appoints Paul Calandrella as general manager of Naked Wines USA from mid-April.

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Strix Group PLC - Isle of Man-based provider of kettle safety controls - Confirms that Chief Financial Officer Clare Foster has joined the board on Tuesday.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 May 2023 14:40

Baron Oil widens annual loss but hails "considerable progress"

(Alliance News) - Baron Oil PLC on Tuesday reported a widened annual loss last year despite reduced expenses and said it was entering "a decisive phase of operations" as it continues searching for new venture opportunities.

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TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Reabold, Upland and Baron Oil hail Dunrobin reserves report

(Alliance News) - Reabold Resources PLC, Upland Resources Ltd, and Baron Oil PLC hailed the Dunrobin asset as an "exciting drillable prospect", following the release of a competent person's report.

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19 Jan 2023 19:43

TRADING UPDATES: Baron Oil, Orcadian submit licensing applications

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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25 Nov 2022 13:10

Baron Oil completes changes to Chuditch guarantee

(Sharecast News) - Baron Oil announced on Friday that the changes to the Chuditch Bank Guarantee had been completed.

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25 Nov 2022 10:36

IN BRIEF: Baron Oil says Chuditch bank guarantee change complete

Baron Oil PLC - London-based oil & gas exploration and appraisal company - Completes changes to the Chuditch bank guarantee. Accordingly, it is now the provider of 100% of the collateral for the guarantee. Chuditch is located about 185 kilometres south of Timor-Leste, containing the Chuditch-1 gas discovery drilled by Shell PLC in 1998.

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16 Nov 2022 16:52

Baron Oil says retail share offer secures GBP360,000

(Alliance News) - Baron Oil PLC on Wednesday said it raised GBP360,000 from a retail share offer.

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15 Nov 2022 11:55

Baron Oil raises GBP5 million in placing of 4.17 billion shares

(Alliance News) - Baron Oil PLC has conditionally raised GBP5 million in placing 4.17 billion new ordinary shares, it said on Tuesday.

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AIM WINNERS & LOSERS: Made Tech jumps on contract with UK Home Office

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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24 Oct 2022 11:19

Baron Oil shares drop despite increased estimates following data tests

(Alliance News) - Baron Oil PLC on Monday saw shares plummet despite promising results from testing at the Chuditch discovery, as it attempts to make progress on a drilling decision before its contract extension from the Timor-Leste government runs out.

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20 Oct 2022 12:22

LONDON MARKET MIDDAY: FTSE lower as UK PM Truss hangs on by thread

(Alliance News) - Blue-chip European equities struggled to make headway on Thursday, with US Federal Reserve rate hike worries and UK political instability hitting the investment mood.

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18 Oct 2022 14:37

Baron Oil shares jump as it extends Chuditch contract for six months

(Alliance News) - Baron Oil PLC on Tuesday said that its subsidiary, SundaGas Banda Unipessoal Lda, will have to decide whether to start drilling at its Timor-Leste site following the receipt of a contract extension.

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18 Oct 2022 11:53

Baron Oil gets six-month extension to Chuditch contract

(Sharecast News) - Baron Oil announced on Tuesday that its wholly-owned subsidiary SundaGas Banda Unipessoal, which operates the Chuditch production sharing contract offshore Timor-Leste, has been granted a six-month extension to contract year two by Autoridade Nacional do Petróleo e Minerais (ANPM).

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23 Aug 2022 11:12

Baron Oil reports 'significant progress' in first half

(Sharecast News) - Asia and UK-focussed exploration company Baron Oil reported "considerable technical advances" on Chuditch, offshore Timor-Leste, in its interim results on Tuesday.

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23 Aug 2022 10:21

IN BRIEF: Baron Oil records wider interim loss due to non-repeat gain

Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Pretax loss in the first half widens to GBP419,000 from GBP117,000 a year before. Records a one-time gain on disposal of GBP359,000 in the prior period. Reports no revenue, unchanged from a year prior.

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