United Oil & Gas plc expects to bring the ASH-8 development well on stream after interpreting 22 metres of net oil pay in the primary reservoir target on the Abu Sennan licence, onshore Egypt. ASH-8 The well is the company’s first in its 2023 campaign and will start production through the existing ASH facilities on […]
Tag: oil and gas
UKOG installs new boreholes for water re-injection
UK Oil & Gas plc has progressed its planned Horse Hill-2z (HH-2z) Portland formation water reinjection project in Surrey with the installation of three, shallow, groundwater monitoring boreholes. REDUCE COSTS The water injection programme aims to reduce the field’s operating costs by some £250,000 per year by eliminating “the substantive costs of tankering and disposing produced […]
Capricorn appoints Clare Mawdsley as acting CFO
Capricorn Energy plc has appointed Clare Mawdsley, previously director of finance, as acting chief financial officer (CFO). Current CFO James Smith is expected to leave the company soon after eight years’ service. Ms Mawdsley joined Capricorn in 2013 as a tax advisor before becoming head of tax in 2019. She had held the role of […]
Tullow Oil appoints Roald Goethe as NED
Tullow Oil plc appointed Roald Goethe as an independent non-executive director of Tullow with effect from 24 February 2023. Mr Goethe is an oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets specifically hedging, financing and trading. In 1994, he joined Trafigura Group as […]
Helium One-Noble to secure rig for Rukwa
Helium One Global Ltd and Noble Helium have agreed to co-operate to secure a suitable drilling rig, associated services and arrange logistics for its proposed drilling campaign at Rukwa in Tanzania. DRILLING CAMPAIGN In January, the company had to review alternative rig options after the expected rig became unavailable for Phase II drilling operations. The […]
Helium One appoints Kai Gruschwitz as technical director
Helium One Global Ltd has appointed Kai Gruschwitz as technical director. The company said it had issued 3,000,000 ordinary share options to Mr Gruschwitz. These will vest in three equal tranches over the next three years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February […]