Serica Energy plc has appointed Chris Cox as chief executive officer, effective from 1 July 2024. Chairman David Latin will end his temporary role as interim CEO on the same date. Mr Cox has more than 40 years’ experience in oil and gas in a wide range of roles with majors and independents. For the […]
Tag: oil and gas
Corcel receives £400,000 of fundraise
Corcel plc has to date received £399,750 cash of April’s £1.3m fundraise. The company will issue 79,950,000 of tranche I shares, including 39,975,000 shares to director Geraldine Geraldo. The company will also issue 79,950,000 warrants. Corcel expects the balance of the tranche I funds of £400,000 and the tranche II funds of £500,000 in due course. […]
Harbour notes ‘significant’ South Andaman discovery
Harbour Energy plc’s partner has made a “significant” gas discovery on the South Andaman licence, offshore Sumatra in Indonesia. APPRAISAL Operator Mubadala Energy’s announcement on the Tangkulo-1 exploration well follows the major discovery at Layaran-1 well on South Andaman in December 2023. The partners aimed to prove up additional volumes in the shallower Tangkulo prospect […]
Hartshead increases acreage with 10 blocks
Hartshead Resources NL has increased its licences with the award of 10 blocks in the 33rd licensing round. PORTFOLIO The blocks contain discovered hydrocarbons with a range of re-development, development and appraisal opportunities, as well as multiple near field exploration openings. The North Sea Transition Authority offered field redevelopments in 50% partnership with Dutch developer […]
UJO marks West Bowlegs commercial discovery
Union Jack Oil plc reported a commercial discovery at the joint venture Andrews 1-17 well, drilled to test the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said that high quality oil was being produced with an API gravity of approximately 41 degrees. Test production and well clean-up continues while the partners have […]
Orcadian in line for Earlham-Clover
Orcadian Energy plc is in line for a southern North Sea licence, adding to the two central North Sea licences previously awarded in the 33rd licensing round. DEVELOPMENT Licence blocks 49/25b, 50/21a, 49/30a and 50/26 contain the Earlham discovery with a high inerts content and the “exciting” undrilled prospect of Clover. The company said that […]