Block Energy plc has completed the farm-out of licence XIQ, containing the Martkopi Terrace prospect, following approval from the Georgia Government. STRATEGY The transaction with US-based Aspect Energy Group, will see Block fully carried through the staged work, which includes seismic, exploration and appraisal drilling, and early production facilities. Aspect’s subsidiary in Georgia will fund […]
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United nears start of Walton Morant survey
United Oil & Gas plc expects to begin the surface geochemical exploration survey before the end of January on its Walton Morant licence, offshore Jamaica. DE-RISK The company estimates that the block holds a potential of more than 7.1 billion barrels of unrisked prospective resources. The R/V Gyre survey vessel left Trinidad on 17 January […]
Union Jack rejects ‘requisition notice’
Union Jack Oil plc has dismissed a “purported requisition notice” for a general meeting from a former director of the company. The company said it received the notice, dated Sunday 18 January 2026 at 7.23pm, from Craig Howie. “After reviewing the purported notice and taking legal advice, the company does not consider the purported notice […]
Helium One starts testing ESP at Itumbula well
Helium One Global Ltd has started testing the electrical submersible pump in the Itumbula West-1 well at the southern Rukwa project in southwest Tanzania. ACTIVATED The project has progressed from exploration during 2023-2024 and an extended well test to the current appraisal and development phase. “The ESP assembly is running in hole and will be […]
Rockhopper raises £6.9m via open offer
Rockhopper Exploration plc has raised gross £6.9 million through the issue of 101,956,821 shares, via a seven-fold oversubscribed open offer. TVRs The company said that qualifying shareholders’ subscriptions represented 773.1% of the 13,188,036 available shares in the open offer, which ran from 22 December 2025 to 15 January 2026. Following admission, Rockhopper’s issued ordinary share capital […]
Altona issues total 4.8m new shares
Altona Rare Earths plc has issued an aggregate 4,817,996 new ordinary shares for directors’ salaries and to clear part of a debt. TVRs The Africa explorer issued 1,484,663 ordinary shares of £0.01 pence each, in lieu of cash salary payments, to its directors as part of cash conservation measures. A total of 3,333,333 new ordinary […]