Deltic Energy plc’s joint venture partner has installed the Maersk Resilient rig and begun drilling on the Pensacola gas prospect in the Southern North Sea. PROSPECTIVE RESOURCES The company has a 30% working interest in licence P2252 located in the emerging Zechstein Reef play fairway. Deltic estimates Pensacola contains gross P50 prospective resources of 309 […]
Tag: oil and gas
Europa to relinquish Inezgane offshore licence
Europa Oil & Gas (Holdings) plc said that failure to find a farm-in partner has forced it to relinquish the Inezgane oil licence, offshore Morocco. BANK GUARANTEE The initial extension period of the licence announced in October 2020 has ended and the company today announced it had decided against progressing to the first extension period. […]
Prospex predicts transformational 2023
Prospex Energy plc said it expected a change in fortunes in the new year as its joint venture partner nears construction on the Podere Gallina licence within the Selva gas field in the Po Valley region of northern Italy. PREPARATIONS The company holds a 37% working interest in the licence and Australian operator Po Valley Energy […]
Helium One changes rig company
Helium One Global said that third-party legal complications, affecting time and availability, had prompted it to choose a new company for the drilling rig at its 100% owned Rukwa licence in Tanzania. EXHALO DRILLING RIG The company is on course to begin the Phase II drilling programme in Q1 2023. Helium One had previously chosen […]
Reabold directors buy 56.8m ordinary shares
Reabold Resources plc directors today purchased in total approximately 56.8 million ordinary shares of 0.1p in the company. DEALINGS Co-chief executive Stephen Williams purchased 10,660,744 ordinary shares each at an average price of approximately 0.27 pence per share. Mr Williams’ spouse; 7,000,000 ordinary shares each at 0.295 pence. Co-chief executive officer Sachin Oza; 25,644,236 ordinary […]
Caerus former chairman acquires one million shares
Caerus Mineral Resources plc noted that its former chairman Michael Johnson acquired 1,021,250 ordinary shares, representing 1.67% of the issued share capital of the company. The transactions, between 9 April 2021 and 6 May 2021, were at £0.00 and outside a trading venue. In total, Mr Johnson and persons closely associated hold 5,550,001 ordinary shares representing 9.0% […]