UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]
Tag: oil and gas
Corcel targets ‘pipeline’ of Brazil assets
Corcel plc has agreed a collaboration to identify, evaluate and acquire “a pipeline” of producing onshore oil and gas fields in Brazil. ADVANTAGE New partner Conterp Serviços Técnicos Ltda will contribute its local market knowledge and relationships, access to technology, services, equipment and expertise of asset management of onshore Brazil oil and gas fields. Corcel will […]
Union Jack spuds second Oklahoma well
Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]
Orcadian misses deadline to repay Shell debt
Orcadian Energy plc has missed the deadline to pay the $1.43 million debt owed to Shell International Trading and Shipping Company Ltd (Stasco). FUNDS The company, which aimed to secure funds by 5 July, said on the same date that the expected money had not arrived from an as yet unnamed industry partner. A statement […]
Deltic secures Pharos-Teviot discoveries
Deltic Energy plc has formally secured the Blackadder prospect and Pharos-Teviot discoveries, immediately west of the West Sole gas field. POTENTIAL Licence P2672, covering blocks 47/5e, 47/10c and 48/6c, was one of two provisionally awarded to the company in the third tranche of the UK’s 33rd offshore licensing round. Drilled in 2013, discovery well 47/05d-6 […]
Baron Oil renamed as Sunda Energy
Sunda Energy plc has been registered as the new name for Baron Oil plc. The company is currently preparing financing to drill an appraisal well in the Chuditch field, offshore Timor-Leste. In June, Sunda entered year three of the production sharing contract and aims to begin planned operations in 2025.