Reabold Resources plc said that the conditional sales and purchase agreement (SPA) remained valid for six North Sea licences owned by Corallian Energy Ltd which is engaged in potential sale negotiations. SALE PROCESS Upstream oil & gas investment company Reabold is a 49.99% shareholder in Corallian. In May 2022, Reabold announced that Corallian had received a […]
Tag: oil and gas
Scirocco signs binding deal with APT for Ruvuma interest
Scirocco Energy plc said that ARA Petroleum Tanzania (APT) intended to exercise its pre-emption rights over the company’s sale of its Ruvuma gas interest in Tanzania. AGREEMENTS Scirocco had previously agreed to sell its Ruvuma interest to Wentworth Resources plc. “Scirocco has now entered into binding agreements with APT which, inter-alia, provides access to cash call […]
Angus makes first nominations of Saltfleetby sales
Angus Energy plc said it had made its first nominations for gas export and sale from its 100% owned Saltfleetby gas field in Lincolnshire. VOLUMES “The company has made its first nominations for gas export and sale to Shell via National Grid beginning with the gas day of Tuesday 30 August 2022 and will continue […]
i3 Energy increases quarterly production
i3 energy plc reported an increase in production as it progressed its interests in Canada and the UK North Sea. PRODUCTION The company’s Q2 2022 operational and financial report showed average production of 19,502 boepd, a 116% increase compared with Q2 2021 and an 8% increase from Q1 2022. i3 recorded the increase despite production […]
IOG lowers H2 production guidance
IOG plc has lowered its production guidance due to planned and unplanned downtime scenarios and possible variation in Southwark first gas timing at its off-onshore Saturn Banks project in the UK Southern North Sea. PRODUCTION In the operator’s interim results for the first half of 2022, chief executive Andrew Hockey said that production over H2 […]
Union Jack reaches $9m revenue at Wressle
Union Jack Oil plc has reached material landmark net revenues of US$9,000,000 from the Wressle joint venture hydrocarbon development in North Lincolnshire. OPERATIONS Union Jack holds a 40% economic interest in the development, operated by Egdon Resources, which restarted production on 19 August 2021. The company said that the well, located on licences PEDL180 and […]