Neptune Energy has discovered commercial oil at the Ofelia exploration well in PL929, confirming the high prospectivity potential around the Gjøa platform in the Norwegian North Sea. ESTIMATES The company said it had completed drilling Ofelia well 35/6-3 S and encountered oil in the Agat formation. “The preliminary estimate of recoverable volume is in […]
Tag: oil and gas
Harbour Energy reports strong finances
Harbour Energy plc reported a strong financial performance for the first half of 2022 due to high oil and gas prices and gains in foreign exchange. FINANCES Harbour reported total revenue and other income of $2,670 million (H1 2021: $1,496m). Operating costs per barrel were $14.2/boe (H1 2021: $15.0/boe) with the decrease driven primarily by […]
Prospex receives £99,400 via warrant exercise
Prospex Energy plc received £99,400.50 following notice for the exercise of warrants to subscribe for 3,473,350 new ordinary shares of 0.1p each in the company. The warrants were issued to individuals pursuant to warrant agreements dated 23 February 2022 and 8 March 2021 which related to a placing announced in March 2021. The exercise prices are 3 […]
Angus looks to extended continuous gas flows
Angus Energy plc said it would make nominations for gas sales once it is satisfied of stable uninterrupted flow for at least eight hours, expected before the end of August, at Saltfleetby in Lincolnshire. WELLS B2 & A4 The company added it had now introduced and processed well head gas throughout the combined extraction and […]
United NED Tom Hickey to leave for Kenmare
United Oil & Gas plc independent non-executive director (NED) Tom Hickey has notified the company of his intention to step down. Mr Hickey is also chair of the audit and risk committee and a member of the remuneration committee. He will step down from the board on 23 September 2022 to take up his new post […]
Deltic to take advantage of energy tax
Deltic Energy plc said it had during the first half of 2022 made considerable progress and is looking for additional partnerships for its Southern and Central North Sea portfolio. FINANCES The company added that its interim results for the six months to 30 June 2022 showed that its business model was a success. Deltic recorded […]