Prospex Energy plc said that its joint venture partner had signed the contract for the installation of the gas plant and pipeline at a lower cost on the Podere Maiar gas field in the Po Valley, northern Italy. JOINT VENTURE Prospex holds a 37% working interest in the licence with operator Po Valley Energy Ltd holding the […]
Tag: oil and gas
Serica and Kistos withdraw offers to merge
Serica Energy plc and Kistos plc today confirmed they would not make an offer to merge as one North Sea oil and gas company. REJECTIONS Serica said that on 12 July, Kistos rejected a possible offer from the company made on 8 July 2022. Serica added that subsequently it had been impossible to reach agreement […]
Initial date set for Union Jack’s capital reduction
Union Jack Oil plc (UJO) said an initial hearing date had been set for the company’s capital reduction exercise. TIMETABLE The exercise was approved in a special resolution at the company’s general meeting on 23 June 2022. Following Union Jack’s application to the High Court of Justice, the initial hearing is scheduled for 12 August […]
Scirocco notes seismic award for Kiliwani North
Scirocco Energy plc announced the award of the seismic acquisition programme covering 200km2 at the Kiliwani North gas development licence (KNDL), onshore Tanzania. RESERVOIR DEFINITION The company holds a legacy 8.39% non-operated working interest in the licence. African Geophysical Services LLP (AGS) will conduct the seismic to include the adjacent Songo Songo licence with a […]
Egdon appeals against refusal for more time at North Kelsey
Egdon Resources plc said it had submitted an appeal against local authority refusal for more time to drill and test the exploration well at North Kelsey in Lincolnshire. NORTH KELSEY North Kelsey, in PEDL241 covering 55km2, is a conventional oil exploration prospect on trend with and analogous to the Wressle development which lies some 15km […]
Tullow Oil abandons Beebei-Potaro exploration well after finding water
Tullow Oil plc said it had plugged and abandoned the Beebei-Potaro exploration well after encountering water-bearing oil targets in the Kanuku licence, offshore Guyana. NEXT STEPS “The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. “The Noble Regina Allen rig drilled the Beebei-Potaro well to a total depth of 4,325 metres […]