Hurricane Energy plc today said that shareholder Crystal Amber Fund Ltd had withdrawn its requisition notice to convene a general meeting to replace senior managers. FORMAL SALES PROCESS The requisition notice in December 2022 came seven weeks after Hurricane announced a formal sales process. “This is a welcome development,” said chairman Philip Wolfe. “It enables […]
Tag: oil and gas
United reports potential contingent resources at Maria
United Oil & Gas plc reported potential “significant near-term” returns from contingent resources on the Maria discovery within licence P2519 in the UK Central North Sea (CNS). MARIA The company’s 100% owned licence P2519 includes blocks 15/18e and 15/19c and covers some 225 km2. The licence contains the existing Maria discovery in the Forties Sandstone, […]
Orcadian agrees non-binding deal to sell Crinan-Dandy
Orcadian Energy plc has entered into a non-binding heads of agreement with Rapid Oil Production Ltd to sell its interests in the Crinan and Dandy discoveries. NON-CORE ASSETS Mobil discovered Crinan and Dandy in 1987 and 1990 respectively, before they were appraised by Monument in 1998. Crinan straddles the boundary between Orcadian’s block of 21/28a and […]
Europa looks to active year for off-onshore assets
Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
UKOG to drill new oil target of Pinarova in Resan
UK Oil & Gas plc (UKOG) said it planned to drill a new 9km2 shallow oil accumulation located 6 km north of the Basur-1 oil discovery in the Resan joint venture licence, Turkey. PINAROVA The company holds a 50% interest with Aladdin Middle East (50%) in the project. UKOG added that analysis of the Q3 2022 […]
Deltic to test exploration well at Pensacola
Deltic Energy plc joint venture plans full well testing after encountering gas in the targeted reservoir at the Pensacola prospect in the Southern North Sea. COMMERCIAL The JV for licence P2252 comprises operator Shell 65%, Deltic 30% and ONE-Dyas 5% working interests. Deltic added that testing of well 41/05a would evaluate the commerciality of the […]