Block Energy plc has conditionally agreed to invest in the Ndjila and Mpari production sharing contracts offshore Gabon, through a proposed US$6.3 million (£4.65m) fundraise. POTENTIAL The agreement, which adds to the company’s existing Georgia oil and gas asssets, is with Pilgrim Exploration Ltd whose subsidiaries own a 90% interest in the PSCs. The project […]
Tag: oil and gas
Europa to appeal against Cloughton well refusal
Europa Oil & Gas (Holdings) plc intends to make an appeal after North Yorkshire Council decided it was “minded to” refuse permission for a well on the Cloughton gas prospect in Burniston. SUPPORTIVE The planning committee’s made its decision in a meeting on 24 April 2026. Europa said that the council’s planning department had made a […]
Star sells Croatia assets to focus on UK
Star Energy Group plc has agreed to sell its non-core Croatia geothermal energy business to focus on its assets in the UK. VALUE The company holds mature late life oil and gas producing fields across the East Midlands and South-East of England, shale gas licences as well as a pipeline of geothermal energy projects. Star […]
Corpus appoints NED
Corpus Resources plc has appointed James Stenhouse as a non-executive director, with immediate effect. TVRs The company, formerly known as Curzon Energy plc, also completed a £311,000 private placing through the issue of 3.11 billion new shares, at £0.0001 per ordinary share. The proceeds will fund Corpus’ review of potential oil and gas acquisitions to […]
Deltic in talks for three possible cash offers
Deltic Energy plc said it was in discussions on possible cash buyout offers from three separate companies. SELENE The company has been approached by Capricorn Energy plc, which is itself under a possible offer; Petrogas International E&P Coöperatief U.A., a subsidiary of Oman-based Mohammed Al Barwani LLC (MB); and private Norwegian firm Blue Concept Hld […]
Prospex awarded Dunajec licence
Prospex Energy plc has been formally awarded the Dunajec onshore gas licence, adding to its San acreage, in southern Poland. RESOURCES Dunajec includes a “shallow undeveloped oil discovery” with “near-term commercial potential”. which will be assessed for early development. Both licences are in areas with “proven gas production and associated infrastructure”, “high prospectivity” and limited […]