Prospex Energy plc said it had laid the foundations for organic growth at its operations from the Selva gas field in Italy and electricity generation in Spain. FINANCES Audited final results for the year ended 31 December 2022 showed an increase of the company’s total assets to £16,064,640 (2021: £6,697,305). Prospex added that the 240% […]
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WGE founder and director step down
Western Gold Exploration (UK) Ltd’s appointments of chairman and founder Harry Dobson, and director Rupert Williams have terminated. Companies House recorded the change effective on 18 May 2023.
JOG holds £6.6m after reducing losses for GBA
Jersey Oil & Gas plc (JOG) reduced its losses to leave it holding cash of £6.6 million for its assets in the Greater Buchan Area in the central North Sea. FINANCES Final results for the year ended 31 December 2022 showed JOG’s losses decreased to £3.1m (2021: £4.2m). The development company has yet to generate […]
Neptune starts production at Adorf Z17
Neptune Energy has begun first production from its operated Adorf Z17 gas well in Georgsdorf, northwest Germany. GAS WELLS The company expects the well to increase production from the Adorf licence by 1,800 barrels of oil equivalent per day to around 6,300 boepd. Construction of a dedicated processing plant at the site for treatment of […]
Scirocco extends sale date for Ruvuma interest
Scirocco Energy plc has agreed a two-month extension for the sale of its joint venture Ruvuma gas interests in Tanzania to allow more time for tax clearance. DEVELOPMENT LICENCE The company said that the process was taking longer than expected, prompting the agreement with operator ARA Petroleum Tanzania (APT) to amend the long stop date […]
Hurricane progresses sale to Prax on NSTA approval
Hurricane Energy plc’s sale to Prax Exploration & Production plc continues to progress following approval by the North Sea Energy Transition (NSTA). COURT SANCTION Hurricane announced on 4 May that the majority of shareholders had approved the sale and that on 24 May the National Security and Investment condition had been satisfied. Today the company […]