UK Oil & Gas plc has fully repaid the balance of the convertible loan facility with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company, with assets in the UK and Turkey, said it was now debt free. The £2m loan dated from 2023.
Tag: oil and gas
Crogga appoints new directors
Crogga (UK) Ltd has appointed two new directors while a third directorship has ended. Companies House recorded that Mark Pearce and John Lovelady became directors on 12 June. Richard Donoghue’s appointment as a director ended on the same date. The company is targeting the Crogga gas field, offshore Isle of Man.
Prospex secures 10 more years for El Romeral
Prospex Energy plc has secured a 10-year extension to the El Romeral natural gas production joint venture near Carmona east of Seville in Spain. CAMPAIGN The company has a 49.9% working interest and Warrego Energy Ltd has 50.1% in the El Romeral power plant, operated by Tarba Energia S.L to generate electricity. Warrego is now […]
Deltic expects Valaris unit at Selene
Deltic Energy plc said that the Valaris 123 drilling unit is on its way to the joint venture Selene well location in the southern North Sea. DRILLING Operator Shell UK Ltd expects to start the first drilling of 2024 shortly after, with planned operations lasting approximately 90 days. The well will collect key information on […]
Europa-Antler increase EG-08 unrisked resource
Europa Oil & Gas (Holdings) plc reported a 716 bcf rise in unrisked prospective resources in EG-08 block, offshore Equatorial Guinea. EXPLORATION The increase, identified from technical data of the O-2 well drilled in 2007 by Noble Energy, takes the total gross unrisked mean prospective resources to 2.116 tcfe. Since Europa invested 42.9% stake in […]
Scirocco appoints voluntary liquidator
Scirocco Energy Ltd has appointed a voluntary liquidator following approval in a general meeting earlier this month. The appointment follows shareholders‘ vote to wind up the company and for cash to be returned to them. Companies House recorded that Scirocco re-registered in June as a private company.