Reabold Resource plc plans to drill the Dunrobin licence after a competent person’s report indicated 201 million barrels of unrisked prospective gross resources. DUNROBIN WEST North Sea licence P2478 partners comprise Reabold with a 36% working interest and Baron Oil plc and Upland Resources (UK Onshore) Ltd, each with 32%. The first exploration well is […]
Tag: oil and gas
Deltic NED purchases one million shares
Deltic Energy plc non-executive director Peter Nicol has purchased one million ordinary shares of 0.5p each at a price of 2.6p. Mr Nicol is now beneficially interested in a total two million ordinary shares, representing approximately 0.11% of the voting rights in the company. The purchase took place. on 15 February
Capricorn-NewMed cancel proposed merger
Capricorn Energy plc announced that its proposed merger with Israeli company NewMed Energy Ltd had been terminated by mutual consent. STRATEGIC REVIEW Cancellation of the plans comes less than four months after Capricorn’s previous proposals to merge with Tullow Oil also failed. Today’s news follows a strategic review of the NewMed merger plans by Capricorn’s […]
Prospex welcomes gas sales agreement for Selva
Prospex Energy plc said that a gas sales agreement (GSA) had been signed for the Selva Malvezzi joint venture (JV) production concession in the Po Valley of Italy. FIRST GAS The deal is between the operator Po Valley Operations Pty Ltd (63%), a wholly owned subsidiary of Po Valley Energy Ltd, and BP Gas Marketing […]
Tullow Oil files for arbitration over $387 million Ghana tax dispute
Tullow Oil plc said has filed requests for arbitration with the International Chamber of Commerce in London for two disputed tax assessments totalling US$387 million from the Ghana Revenue Authority (GRA). BREACH OF RIGHTS “The assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds received by Tullow Oil […]
Angus wins appeal for extended well test at Balcombe
Angus Energy plc has won its appeal against West Sussex County Council’s refusal to grant permission for an extended well test at its Balcombe oil site. DRILLING FLUIDS The company holds a 25% interest along with Cuadrilla Balcombe Ltd (56.25%) and Lucas Bolney Ltd (18.75%) in PEDL 244 targeting the Kimmeridge limestones. The Balcombe 2Z […]