Neptune Energy and its partner Spirit Energy today began production from the 11th well at its operated Cygnus gas field in the southern North Sea. SUPPLY The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200,000 UK homes. Together with the 10th well which came onstream earlier this year, […]
Author: editorial
United revenue falls and capex rises in ‘challenging’ year
United Oil & Gas plc’s revenue fell and capital expenditure rose from mixed results in a “challenging year” at its Abu Sennan interests, onshore Egypt. FINANCES The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. Audited results for the year ended 31 December 2022 show revenue of […]
Europa NED William Ahlefeldt retires after 17 years
Europa Oil & Gas (Holdings) plc independent non-executive director (NED) William Ahlefeldt is to retire with immediate effect. Mr Ahlefeldt, who began his career in 1982 as a petroleum engineer with Maersk, has been a director of Europa since 2004. He was instrumental in bringing Europa to the AIM Market of the LSE in 2004 […]
Rockhopper-Italy to work jointly over €247m award
Rockhopper Exploration plc and Italy must work together over the €247m Ombrina Mare award, before the oil and gas explorer is allowed to take legal action. PROVISIONAL STAY The ICSID award relates to compensation from Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected Rockhopper’s activities. In October […]
Hurricane directors-PCAs purchase total 1.5m shares
Hurricane Energy plc reported a purchase of a total 1,483,776 ordinary shares by directors and persons closely associated (PCA) with them. The company’s chairman Philip Wolfe and Lucy Wolfe (PCA of chairman) purchased 1,354,556 shares each at 7.6 pence; Kaye Bridgewater PCA of chief executive officer Antony Maris: 64,610 each at 7.7 pence; Nicolie Chaffe […]
Sunrise progresses sample tests from Pioche trenching
Sunrise Resources plc reported progress at its sepiolite project near the town of Pioche in Lincoln County, Nevada, USA. PROJECT The company has granted Spanish company Tolsa S.A., the world’s largest producer of sepiolite, an exclusive option to purchase the project claims for US$1.25 million cash by 28 December 2023. Sunrise retains a 3% net […]