Energy B Plc — Appointment of Finance and CoSec Service Provide

(AQSE:NRGB) energy B plc has appointed Silvertree Partners LLP to provide its finance function and company secretarial services. Silvertree Partners LLP was established in 2015. The transition to Silvertree Partners LLP has already begun. Silvertree will assume accounting and company secretary responsibilities after the Company’s audited results for the year ending 31 July 2026 are published. Philip Knowles of Silvertree will take on a finance leadership and support role for energy B plc. This appointment is intended to allow the executive team to focus on technical work. The executive team will also focus on engagement with the NSTA. Increasing domestic oil and gas production is a stated focus for the executive team. The recommissioning of the Gatwick energy site is also a focus for the executive team. The announcement does not specify the financial terms of the engagement with Silvertree Partners LLP. No details are provided regarding the duration or compensation for Silvertree Partners LLP. The transition of finance and company secretarial responsibilities is contingent on the publication of audited results for the year ending 31 July 2026. No other counterparties or service providers are mentioned in the announcement. No additional operational or financial figures are disclosed in this release.

Energy B Plc — Results of GM

(LSE:NRGB) energy B plc announced that all resolutions proposed at the General Meeting held on 15 July 2026 were duly passed, including the approval of the acquisition of UKOG (137/246) Ltd and a 77.9% shareholding in Horse Hill Developments Ltd for a total cash consideration of £1 million. Directors will subscribe for an aggregate of 529,133 new ordinary shares and be granted an aggregate of 4,000,000 options over shares. The options will vest in four tranches based on share price targets of £0.18, £0.25, £0.40, and £0.70, and will be exercisable for five years from the relevant vesting date. Following Admission, the company's issued share capital will comprise 12,742,934 Ordinary Shares of £0.01 each, with a total number of voting rights of 12,742,934. Admission of the Subscription Shares to trading on the AQSE Growth Market is expected to become effective and dealings are expected to commence at 8.00 a.m. on or around 28 July 2026. The company holds no shares in treasury. The company projects that the Subscription Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and the subscriptions are subject only to Admission.

Horse Hill Oil Field Acquisition and Placing

(LSE: NRGB) energy B plc has completed a placing of £1.2m (gross), signed an agreement to conditionally acquire UK Oil & Gas Plc's entire interest in the Horse Hill Oil Field, and appointed David Lenigas as Chairman, effective immediately. The acquisition involves a total cash consideration of £1 million for UKOG's 100% subsidiary UKOG (137/246) Ltd and 77.9% shareholding in Horse Hill Developments Ltd, resulting in energy B holding an 85.635% interest in Horse Hill and PEDL127. The Horse Hill field has produced approximately 211,651 barrels of high-quality oil to date, with a combined peak aggregate dry-oil flow rate of 1,688 barrels of oil per day recorded during initial 2016 extended flow tests. The Placing was brokered by Clear Capital Markets, had a pre-money valuation of £300,000, and was priced at £0.12 per ordinary share, resulting in 9,479,200 ordinary shares being issued. As of 31 December 2024, the gross 2C contingent resource at Horse Hill was recorded as 2.6mmbbl, and the project has received approximately £40m of investment since 2014. The company projects to bring Horse Hill back on to production as soon as possible and to develop its greater potential as a springboard for further development of the Weald Basin as a source of indigenous energy.