Contango Holdings Plc, the London listed natural resource development company is pleased to announce it has now triggered its inaugural incentivisation package to remunerate directors and key senior employees and consultants ( Senior Team ).
Since its formation in 2016, the Company has sought to prioritise cash into developing operations and value accretive transactions. This fiscal prudence with respect to cash has extended to board remuneration, which combined has always remained below £100,000 per annum in aggregate. Whilst this is substantially below market rate in comparison to its peers, the Company intends to continue this policy thereby maximising the potential for cash resources to advance assets and generate shareholder value. This philosophy has been embraced by other Senior Team members who have also accepted materially lower salaries on the basis that they would receive an equity incentive.
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Limited yesterday in Canada, the full text of which is set out below:
· Drilling rig for re-entry and testing operations has been contracted, with mobilization anticipated to commence next week.
· Camp and logistics equipment required for Oza-1 well re-entry is currently being staged on site.
· Long lead equipment items required to test and complete the Oza-1 well re-entry have been ordered and service contractors have been sourced and secured.
Decklar Resources Inc. (DKL-TSX Venture) (the Company or Decklar ) and its co-venturer Millenium Oil & Gas Company Limited ( Millenium ) are pleased to announce that activities for the Oza-1 well re-entry at the Oza Oil Field have made significant progress. The Oza-1 re-entry represents the start of an aggressive field development of the Oza Oil Field through
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Limited yesterday in Canada, the full text of which is set out below: · Drilling rig for re-entry and testing operations has been contracted, with mobilization anticipated to commence next week. · Camp and logistics equipment required for Oza-1 well re-entry is currently being staged on site. · Long lead equipment items required to test and complete the Oza-1 well re-entry have been ordered and service contractors have been sourced and secured. Decklar Resources Inc. (DKL-TSX Venture) (the Company or Decklar ) and its co-venturer Millenium Oil & Gas Company Limited ( Millenium ) are pleased to announce that activities for the Oza-1 well re-entry at the Oza Oil Field have made significant progress. The Oza-1 re
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