i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]
Tag: oil and gas
Prospex JV secures land rights for production
Prospex Energy plc’s joint venture (JV) partner has secured the land rights in readiness for production at the Podere Maiar licence in the Selva gas field, Po Valley, North Italy. JOINT VENTURE The JV comprises Prospex (37%) and operator Po Valley Energy Ltd (63%). PROGRAMME Prospex said that Po Valley had approved all payments to […]
i3-Europa to drill Serenity appraisal well
i3 Energy plc plans to start drilling later this week on the SA-02 appraisal well in licence P2358, containing the Serenity discovery, in the Outer Moray Firth. OPTIMISATION The operator holds a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. “The well is designed to prove the extension […]
IGas ‘world class shale gas could supply 3m homes’
IGas Energy plc said five years’ data demonstrated that the company held world class assets of shale gas with the potential to supply three million homes from initial production. POTENTIAL In its interim results, the company added it also had the potential to deliver five production well pads, with each pad having up to 16 […]
IGas swings to a profit and nearly doubles revenues
IGas Energy plc swung to a profit and reduced debt following “exceptionally strong” commodity prices for its onshore oil and gas assets in England and Scotland. FINANCES In the company’s interim results to six months ended 30 June 2022, interim executive chairman Chris Hopkinson also called for streamlined regulations for shale gas following the Government […]
UKOG completes Phase II seismic over Resan
UK Oil & Gas plc (UKOG) has completed acquisition of the Phase II seismic programme over its Resan licence (50%) in Turkiye. SEISMIC PROGRAMME The project is a 50-50 joint venture between UKOG and operator Aladdin Middle East. The company said that the programme, comprising four new 2D seismic lines over the possible updip western […]