Predator Oil & Gas Holdings plc has agreed a further 16.2% interest in the Cory Moruga E block, subject to Trinidad regulatory approval. WORKOVERS The company’s subsidiary T-Rex Resources Trinidad Ltd will shortly begin site clearance for the first well workover with quote for the work currently under review before contracts are awarded. Jacobin-1 well […]
Tag: oil and gas
Predator nears MOU-3 Sandjet rigless testing
Predator Oil & Gas Holdings plc has received some well services equipment and started preparations to re-enter and perforate the MOU-3 well, ahead of Sandjet rigless testing. INTERVALS Operations are expected to last at least five weeks before the company moves to the next well in the programme on the Guercif licence. The Sandjet’s primary […]
Corcel to acquire new data on Angola blocks
Corcel plc has received approval to acquire new geological and geophysical data on its three onshore Angola blocks. FOCUS KON-11 and KON-12, considered brownfield redevelopment with historic production from the Tobias and Galinda fields, and operated KON-16 will be subject of an enhanced full tensor gradiometry survey (eFTG). The programme follows “inconclusive results” at the end […]
Baron Oil chairman buys 30m shares
Baron Oil plc independent non-executive chairman Gerry Aherne bought 30 million ordinary shares of 0.025 pence each in the company, at an average price of 0.06825 pence per share. The 6 June transaction for £20,475 takes Mr Aherne’s total beneficial shareholding in the company to 60m ordinary shares. The figure represents approximately 0.24% of Baron’s […]
Reabold awards 96m share options
Reabold Resources plc has awarded 96,016,810 nil-cost share options to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. On 6 June, co-chief executive officers Sachin Oza and Stephen Williams each received 36,839,030 awards and chief financial officer Chris Connolly received 22,338,750. The awards represent 50% of the total 2023 annual […]
Buchan first oil deferred to 2027
Jersey Oil & Gas plc said that first production from the Buchan field has been deferred to late 2027 due to uncertainty of financial policies following the early General Election in July. FDP Operator NEO Energy is currently working on the field development plan, the completion and approval of which is linked to “fiscal clarity” […]