Angus Energy plc has restarted production from the Brockham 2Y well within PL235 near Dorking in Surrey. GROWTH The workover of the well concluded in late May, a new pump installed and repairs and upgrades made to the surface equipment. The company said that after a period of flow to clean up the well, production […]
Tag: oil and gas
Star Energy CEO Chris Hopkinson steps down
Star Energy Group plc chief executive officer Chris Hopkinson has stepped down from the role and the board with immediate effect, after 12 months in the post. His replacement is Ross Glover who is expected to be appointed to the board following the company’s general meeting 12 June. Mr Hopkinson, who will not stand for […]
UKOG repays more of £2m loan
UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The balance now stands at £310,000 of the original £2m loan. Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.
Beacon finds ‘poor’ initial response at Erfelden
Beacon Energy plc said it was yet to stabilise rates after a poor initial reservoir response from the Schwarzbach 2(3.) (SCHB-2) sidetrack in the Erfelden field, Hessen. DATA Sand jetting operations completed in February to stimulate the well before production restarted with the rod pump. SCHB-2 began from the original well bore at a depth […]
Ascent changes board in strategic deal
Ascent Resources plc plans to appoint Ibrahim Diab as executive chairman and has appointed Lionel Therond as chief financial officer. The changes are in a “strategic collaboration” with Delta Energy Corp SARL. Mr Diab and Eric Faillenet, former managing director at Carlyle International Energy Partners and previously a Perenco senior executive, co-founded London and Luxembourg based-Delta. […]
Deltic given more time to find Pensacola partner
Deltic Energy plc has been granted more time to find a farm-in partner for the southern North Sea licence P2252 containing the Pensacola gas discovery. APPRAISAL The company had until the end of May to find £15 million for its share of the costs or withdraw from its 30% licence interest. Deltic today said that […]