Union Jack Oil plc’s joint venture plans to drill next week the Crossroads well, located in Southern Oklahoma, USA. DATE The company said that the well would penetrate a large 100 acre structure in the prolific Oil Creek Sand. Partner and operator Reach Oil and Gas Company Inc estimates a target recoverable resource over multiple […]
Tag: oil and gas
Sunda signs LoI to secure rig for Timor-Leste
Sunda Energy plc has signed has a letter of intent with Finder Timor-Leste B.V. to work together to secure a drilling rig for their respective operations offshore Timor-Leste. SCHEDULE Sunda is preparing to drill an appraisal well in the Chuditch gas field in 2027, later than the planned Q2 2026, while Finder proposes to drill […]
Tullow appoints four NEDs
Tullow Oil plc has appointed four independent non-executive directors, following its refinancing transaction and subject to shareholder approval. DIRECTORS On 20 February, the company entered into a binding lock-up agreement with holders of approximately 66% of its $1,285,245,000 10.25% senior secured notes due in May 2026, and with Glencore Energy UK Ltd. The deal releases Tullow’s senior secured notes […]
Rockhopper reclassifies Sea Lion reserves
Rockhopper Exploration plc said that the reserves category had been reclassified from contingent resources for its Sea Lion field in the North Falkland Basin. FPSO An independent technical report from by Netherland, Sewell & Associates, Inc. follows the final investment decision in December 2025, and is effective from the same date. The figures cover phases […]
EnQuest signs Cendramas PSC
EnQuest plc has secured a 25% participating interest in the Cendramas block, offshore Peninsular Malaysia, by signing the production sharing contract. AGREEMENT Partner and operator Medco Asia Pacific Ltd holds 50% while DIALOG Resources Sdn Bhd by Petroliam Nasional Berhad (Petronas) through Malaysia Petroleum Management will have 25%. The joint operating agreement is effective from 23 […]
Reabold raises £1.51m
Reabold Resources plc has conditionally raised gross £1.51 million through the placing of 1.51 billion new ordinary shares, each at the issue price of 0.1 pence. TVRs The sum raised, added to the March £1.9m strategic investment, takes the total to £3.41m. The fundraise is subject to shareholders’ approval at a general meeting on 24 […]