United Oil & Gas plc has opened a new area of the Abu Sennan licence following petrophysical analysis of tests on the final well drilled in 2023. CHALLENGING The ASD S-1X exploration well, which reached a total depth of 3,450 metres on 12 December, showed a total 9.5 metres of net pay, including 6m net […]
Author: editorial
Corcel converts £250,000 CLNs into 32m shares
Corcel plc received notice to convert £250,000 of its outstanding convertible loan notes and associated interest into 32,061,643 new ordinary shares of the company at a price of £0.008. The notice from Extractions Premium & Mining Ltd, of which Corcel executive chairman Antoine Karam owns 45%, leaves the principal balance of the CLNs at £750,000. Following […]
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe purchased 200,000 ordinary shares of 10 pence each in the company at a price of £0.38 per ordinary share. The four 50,000 share purchases for a total £76,595 took place on 29 December 2023.
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION Partners comprise operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). ERC Equipoise Ltd’s CPR is dated 31 December 2023 and compares […]
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe bought a total 200,000 ordinary shares of 10 pence each in the company, for an average price of 38 pence per ordinary share. The first purchase of a total 100,000 shares for £38,635 took place on 27 December, followed by a further 100,000 shares for £38,510 on 28 […]
Corcel receives £82,500 via warrant exercise
Corcel plc received £82,500 following notices of 39,285,714 warrants exercised at a price of £0.0021 per share. The company has issued 39,285,714 new ordinary shares of £0.0001 each. Following admission, Corcel’s issued ordinary share capital will comprise 1,638,814,702 ordinary shares, each with one voting right and none held in treasury.