Egdon Resources plc reported a 160% increase in production and more than 530% rise in oil and gas revenues mainly from onshore oil production at Wressle in North Lincolnshire and offshore Ceres gas field. FINANCES The company’s preliminary results for the year ended 31 July 2022 showed revenues of £6.91 million (2021: £1.09m) following “significantly […]
Tag: oil and gas
Predator sets date for drilling MOU-2 well
Predator Oil & Gas Holdings plc expects to start drilling within the first two weeks of December the MOU-2 well at the Guercif onshore gas operations in Morocco. PREPARATIONS The exact date drill date will be determined by customs clearance of all pre-ordered drilling materials from Canada, Egypt, France, the Middle East and the UK. […]
Predator issues 17m share options to directors
Predator Oil & Gas Holdings plc has issued a total 17 million options over new ordinary shares under the company’s existing option scheme to three directors. PDMRs The board’s remuneration committee resolved to award non-executive director Carl Kindinger with 2,000,000 options; executive chairman Paul Griffiths, 7,500,000 options; and managing director Lonny Baumgardner, 7,500,000 options. Options issued […]
Neptune spuds Calypso exploration well
Neptune Energy has started drilling on the Calypso exploration well within the Neptune-operated PL938 licence in the Norwegian Sea. CALYPSO PROSPECT The Calypso prospect lies 14km northwest of the Draugen field and 22km northeast of the Njord A platform, within one of the company’s core areas on the Norwegian continental shelf. Neptune said that in […]
Europa granted more time to secure Inishkea partner
Europa Oil & Gas (Holdings) plc has secured more time for further technical studies and to secure a partner to develop its 100% operated FEL 4/19 licence offshore Ireland. INISHKEA PROSPECT The Inishkea prospect in FEL 4/19, which lies in the Slyne basin and near the producing Corrib gas field and associated infrastructure, is the […]
Neptune awarded gold standard for emissions target
Neptune Energy has been awarded Gold Standard status by the United Nation’s Environmental Programme (UNEP), for its plans to reduce methane emissions to net zero by the end of the decade. METHANE The Oil and Gas Methane Partnership 2.0, a voluntary initiative launched by the UNEP, gave the award which was featured in the UN’s […]