Union Jack Oil plc’s said that drilling had begun on the Andrews-1-17 well at the West Bowlegs prospect in Seminole County, Oklahoma. FARM-INS Operator Reach Oil & Gas Company Inc will test the prospect over ten days’ drilling to a depth of 5,200 ft. If successful, wireline logging operations, completion, perforation and testing will follow. Union […]
Tag: oil and gas
Baron completes Chuditch-2 geophysics
Baron Oil plc has completed its geophysical site survey at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste. SEABED The company said that despite weather conditions causing operational delays its subsidiary has now incorporated the results into the geotechnical survey planning. Adverse weather also delayed the vessel due to conduct the geotechnical […]
UKOG granted one year extension for Loxley
UK Oil & Gas plc has been granted a one-year extension to its Loxley gas licence by the North Sea Transition Authority. The company must begin drilling the Loxley-1 appraisal well on PEDL234 retention area work programme no later than 30 June 2025. The deadline allows the company to retain the full 300 km² licence without […]
i3 Energy secures new CA$75m credit
i3 Energy plc has re-financed its existing CA$57m loan with a CA$75 million reserve-based credit facility. VALIDATION The new senior secured credit with a Canadian chartered bank comprises a $55m revolving facility and a $20m operating loan. The agreement also see repayment of $57m, which is the outstanding balance of i3 Energy’s existing $75m loan […]
United shareholders back ‘crucial’ £1m fundraise
United Oil & Gas plc has received its shareholders’ support for February’s £1 million discounted conditional fundraise via a placing. Voting remained open for three days until 18 March and the general meeting adjourned until today. United had warned that its future would be under threat if its investors refused to back the fundraise. The […]
UKOG refused more time for Broadford Bridge
UK Oil & Gas plc has been refused more time to assess its Broadford Bridge project in Sussex. APPEAL West Sussex County Council extended planning permission in 2022 for PEDL234 up to 31 March 2024, but today rejected a further two years. UKOG has six months to appeal, although it said the “envisaged geothermal scheme” […]