Significant shareholders

A strong and supportive ownership base

Our shareholder register reflects a diverse mix of institutional and private investors whose continued support reinforces confidence in our strategy, governance, and long-term growth ambitions

Overview | 20 May 2026

AIM Listing Date11 June 2018
Industry SectorOil & Gas
Number of Ordinary Shares in Issue1,469,379,955
Number of Shares held in Treasury
Total Ordinary Shares in Issue1,469,379,955
Total Warrants in Issue259,520,634
Total Options in Issue14,569,027
Fully Diluted Ordinary Shares1,743,469,616
Percentage of Dilution18.65%
Percentage of Ordinary Shares Not in Public Hands23.38%

Significant Shareholders | 20 May 2026

Significant ShareholdersNumber of Shares% of Issued Ordinary Share Capital
Mr Paul Haywood (Director)129,420,1558.81%
Edale Capital LLP (Edale Europe Absolute Master
Fund)
80,630,7065.49%
Trefoil Select Funds SPC – Stylus SP73,565,0005.01%
Maven Renovar VCT PLC51,136,0003.48%
Jindal Petroleum (Georgia) Limited12,000,0000.82%
Guram Maisuradze (PDMR)7,009,6360.48%
Mr Philip Anthony Dimmock (Director)4,911,2860.33%
Mr Jeremy Asher (Director)2,347,8300.15%
Plutus Strategies Ltd (of which Paul Haywood is a shareholder)1,583,4180.11%

Warrants | 20 May 2026

Date of IssueNumber of WarrantsSubscription PriceExpiry Date
26 Sep 2013200,000£0.12511 Jun 2028
21 Jan 2014200,000£0.12511 Jun 2028
21 Dec 2016409,027£0.12511 Jun 2028
30 Jul 202491,185,133£0.008530 Jul 2027
12 Dec 2025107,140,000£0.01013 Nov 2026
06 Feb 202660,386,474£0.01202 Feb 2029
Total259,386,474

Options | 20 May 2026

Date of IssueNumber of WarrantsSubscription PriceExpiry Date
12 Dec 20255,337,944£nil12 Dec 2028
23 Feb 20269,231,083£nil23 Feb 2028
Total14,569,027

The above information was last updated on 20 May 2026.