Neptune Energy has been granted two new licences in the Norwegian North Sea through the the Awards in Predefined Areas (APA) 2023. KEY OPPORTUNITIES The grant includes PL1180 (40% and operator) in the Gjøa area and PL1179 (15% and partner) in the Fram area. Both are close to existing infrastructure in areas where Neptune already […]
Tag: oil and gas
Angus issues second tranche shares from £7m fundraise
Angus Energy plc has restarted drilling at Saltfleetby and is to issue the second tranche of shares following its two-tranche fundraise comprising a placing and subscriptions in December 2022. SALTFLEETBY DRILLING The company said that drilling has to date reached 2,553 metres measured depth at the onshore gas field within PEDL005 on the coast of […]
Block appoints Ken Seymour as chief operating officer
Block Energy plc has appointed Dr Ken Seymour as chief operating officer with effect from today, 10 January 2023. Dr Seymour has more than 40 years’ industry experience as a drilling engineer, drilling superintendent, drilling manager, asset manager, director and adviser. He has worked in various parts of the world, including the UK North Sea, […]
Neptune starts oil production from Römerberg 6
Neptune Energy today reported first oil production from its operated Rӧmerberg 6 well in the city of Speyer, southwest Germany. PRODUCTION The company said that initial production tests indicated flow rates of up to 1,800 barrels of oil equivalent per day (boepd). Römerberg 6 is the ninth production well on the field and Neptune expects […]
Capricorn to accept ‘a number’ of Palliser nominees
Capricorn Energy said it was prepared to add a number of the nominees put forward by shareholder Palliser Capital Master Fund Ltd (32%) to its board before holding a requisitioned general meeting (GM). NOMINEES The company published its decision in an open letter dated today, 9 January, to Palliser. It follows the shareholder’s call for […]
Shareholder calls Capricorn ‘self-serving’
Palliser Capital Master Fund Ltd has urged Capricorn Energy plc to reconsider the timing of a general meeting (GM) to approve the proposed merger with NewMed Energy and Palliser’s requisitioned GM on Capricorn’s board changes. DATES Capricorn earmarked 1 February for the requisitioned GM, but the shareholder (32%) called for it to be held no […]