Europa Oil & Gas (Holdings) plc’s associated company, focused on Equatorial Guinea, has signed a tentative farm-out agreement for the offshore EG-08 block production sharing contract. BARRACUDA The investor holds a 42.9% equity in explorer Antler Global Ltd which in turn owns an 80% working interest in the EG-08 PSC. National company Guinea Ecuatorialde Petroleos […]
Tag: non-binding heads of agreement
Orcadian agrees non-binding 81.25% farm-out for Pilot
Orcadian Energy plc has agreed a non-binding, 81.25% farm-out with an as yet unnamed North Sea operator for the potential development of the Pilot project. TERMS The company, which now holds £90,000 and six months to repay $1m million to Shell, has granted the operator an exclusive period until 30 November 2023 to complete the […]
Orcadian agrees non-binding deal to sell Crinan-Dandy
Orcadian Energy plc has entered into a non-binding heads of agreement with Rapid Oil Production Ltd to sell its interests in the Crinan and Dandy discoveries. NON-CORE ASSETS Mobil discovered Crinan and Dandy in 1987 and 1990 respectively, before they were appraised by Monument in 1998. Crinan straddles the boundary between Orcadian’s block of 21/28a and […]