Reabold Resources plc is continuing to investigate the possibility of mining Bitcoin to finance gas production at the West Newton joint venture in East Yorkshire. SCALE The company first raised the idea in August 2025 when the JV also signed a non-binding letter of intent with Texas-based 360 Energy for potential Bitcoin mining. Operations at […]
Tag: oil and gas
Union Jack JV defers Crossroads spud date
Union Jack Oil plc said that “rig maintenance requirements” had delayed the start of drilling the Crossroads well in southern Oklahoma. PROGRAMME Joint venture partner and operator Reach Oil and Gas Company Inc. had intended to spud the well this week. “The operator is confident that the well will be spudded before the end of […]
Beacon CEO joins LNEnergy board
Beacon Energy plc chief executive officer Stewart MacDonald is to join the board of LNEnergy, which is advancing the Colle Santo gas field in the Abruzzo region of Italy. WELL TESTS Beacon also announced that LNE IOM Ltd, of which it owns 49%, had acquired additional shares in LNEnergy through the latter’s rights offering to […]
Sunda pays initial $1.5m for NZ permits
Sunda Energy plc said it had paid the initial deposit to acquire oil and gas production and exploration permits onshore Taranaki Basin on the west coast of North Island, New Zealand. CONTROL The company paid US$1.5 million to seller Matahio Ventures Pte. Ltd for its subsidiary Matahio Energy NZ Ltd Matahio Energy NZ Ltd, which […]
Sunda raises £405,000
Sunda Energy plc has raised gross £404,780 from a retail offer for the issue of 13,606,029 new shares and 6,802,977 warrants. REORGANISATION The sum raised adds to the £6.7 million raised earlier this week, which will fund the oil and gas exploration company’s proposed expansion into New Zealand. Shareholders are expected to vote on the […]
Capricorn secures more time for possible offer
Capricorn Energy plc has been granted more time for Alamadiyaf al-Masiyyah for Trading LLC to make an all cash offer for the company. EGYPT The company said that the extended deadline of 5pm on 6 May 2026 allowed Alamadiyaf al-Masiyyah more time for its funding arrangements. Capricorn may also further extend the revised PUSU deadline […]