Union Jack Oil plc’s joint venture plans to drill next week the Crossroads well, located in Southern Oklahoma, USA. DATE The company said that the well would penetrate a large 100 acre structure in the prolific Oil Creek Sand. Partner and operator Reach Oil and Gas Company Inc estimates a target recoverable resource over multiple […]
Month: September 2026
Sunda signs LoI to secure rig for Timor-Leste
Sunda Energy plc has signed has a letter of intent with Finder Timor-Leste B.V. to work together to secure a drilling rig for their respective operations offshore Timor-Leste. SCHEDULE Sunda is preparing to drill an appraisal well in the Chuditch gas field in 2027, later than the planned Q2 2026, while Finder proposes to drill […]
GreenRoc awards drilling contract for Amitsoq
GreenRoc Strategic Materials plc has awarded contracts for phase III drilling and geotechnical and hydrogeological surveys at its Amitsoq graphite project in southern Greenland. MRE Mineral Exploration Drilling Ltd’s operations aim to extend indicated and measured resource categories, as well as provide data for the planned pre-feasibility study. The programme involves up to 12 holes […]
Sunda raises £6.7m to diversify into New Zealand
Sunda Energy plc has conditionally raised up to £6.7 million to buy production and exploration permits, onshore Taranaki Basin on the west coast of New Zealand’s North Island. TVRs The fundraise involved Alumni Capital’s firm subscription which raised £900,000 at 0.02975 pence per share Alumni Capital also provided a convertible loan note for £4,250,000, conditional […]
Tullow appoints four NEDs
Tullow Oil plc has appointed four independent non-executive directors, following its refinancing transaction and subject to shareholder approval. DIRECTORS On 20 February, the company entered into a binding lock-up agreement with holders of approximately 66% of its $1,285,245,000 10.25% senior secured notes due in May 2026, and with Glencore Energy UK Ltd. The deal releases Tullow’s senior secured notes […]
Cora issues 28.15m share options
Cora Gold Ltd has granted options over a total of 28.15 million ordinary shares, equivalent to 3.68% of its issued share capital, to certain directors, management and consultants. DIRECTORS The options, issued on 31 March 2026, are exercisable at a 3.6% premium of eight pence per ordinary share and expire on 31 March 2031. […]