Corcel plc has appointed Scott Gilbert to the board as a non-executive, subject to regulatory checks. Mr Gilbert is one of the vendors of the Kwanza Basin assets in Angola acquired this week by the company. He has a long track record in the oil and gas sector with significant experience in Angola and Brazil. […]
Author: editorial
Corcel acquires first oil-gas project
Corcel plc has acquired its first oil and gas asset via a shares transaction for 90% ownership of Atlas Petroleum Exploration Worldwide Ltd (Apex) operating in the Kwanza Basin, onshore Angola. RESOURCE The acquisition also sees executive chairman James Parsons return to familiar commodities, having started his career in oil and gas with Royal Dutch Shell […]
Hartshead nears submission of Anning-Somerville FDP
Hartshead Resources NL expects to submit the field development plan in the next few weeks to the industry regulator for Phase I development of the Anning and Somerville gas fields in the southern North Sea. PHASE I Phase I comprises six production wells produced through two un-manned minimum facilities platforms tied back via a 40km […]
Innovate by British Lithium changes name to Lithium Innovations
Australian exploration and development company British Lithium has changed one of its companies’ names. Innovate by British Lithium Ltd was first incorporated in September 2020 as a private enterprise with limited shares. Companies House today reported that the name changed on 22 May by special resolution to Lithium Innovations Ltd. The nature of the business […]
UKOG suspends testing at Pinarova-1
UK Oil & Gas plc (UKOG) suspended testing to await more powerful 7-inch perforating guns to penetrate the 9⅝-inch casing and cement of the Pinarova-1 exploration well in Turkey. EQUIPMENT The decision follows analysis of downhole pressure gauge data from testing which indicated that the 4.5-inch perforating guns used were unable to establish direct contact […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 from the exercise of warrants by former chief executive Paul Johnson over 6,250,000 new ordinary shares. The shares of 0.1 pence each in the company were exercised each at a price of 0.7p. As a result, Paul Johnson and Michelle Johnson will hold 82,250,000 Power Metal shares equating to 3.98% of issued share capital. Following admission, […]