The Parkmead Group will drill its first exploration well in Skerryvore as it increases its stake from 30% to 50% in the high-impact UK central North Sea project. INFRASTRUCTURE The operator’s joint venture partners are Serica Energy (UK) Ltd with 20% and CalEnergy (Gas) Ltd holding 30%. The company said that its geotechnical work programme […]
Tag: oil and gas
Reabold completes acquisition of non-Victory licences
Reabold Resources plc has completed its acquisition of Corallian Energy Ltd’s working interest in all the non-Victory (P2596) licences in the North Sea. LICENCES The licences all at 100% working interest comprise: P2396 Central Graben containing the Shell 1977 Curlew-A Tertiary oil discovery P2464 Viking Graben with the Unst gas prospect P2493 West of Shetland – […]
United spuds ASH-4 at Abu Sennan
United Oil & Gas plc said it was awaiting consistent flows on the AJ-14 well as it spud the ASH-4 high impact development well targeting more than 2 mmbbls gross in the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. The […]
Scirocco to receive up to £267,000 from Corallian sale
Scirocco Energy plc stands to receive up to £267,000 from its minor share in Corallian Energy Ltd, part of which has been conditionally sold. INVESTMENT Investor Reabold Resources plc announced earlier this week that it was due to sell its stake in Corallian for £32 million gross. In 2018, Scirocco subscribed for 83,333 shares at […]
Helium One reduces licence area
Helium One Global plc has reduced its licence area by 1,548 km2 ahead of its Phase II exploration drilling of the Tai prospect in early 2023 at the Rukwa project in Tanzania. FOOTPRINT Helium One conducted a review on a prospecting licence footprint in the Rukwa Rift Basin totalling 3,448 km2. Following the review, the […]
IGas CEO Stephen Bowler leaves by mutual consent
IGas Energy plc’s chief executive officer Stephen Bowler has left the company by mutual consent. The news comes as the company appointed a new chief financial officer and interim executive chairman. Mr Bowler was chief financial officer from November 2011 to May 2015 before becoming CEO. He guided the company through periods of low oil prices […]