United Oil & Gas plc received £165,000 following two notices to exercise warrants for a total of 11,550,00 new ordinary shares of £0.01 each in the share capital of the company. The warrant shares are £0.0142857 pence per share, pursuant to the warrant instruments granted on 31 July 2017. Following the issue of the warrant […]
Tag: oil and gas
Prospex welcomes Podere Maiar production concession
Prospex Energy plc said its joint venture (JV) partner Po Valley Energy Ltd had received the production concession for the Podere Maiar onshore gas field in the Po Valley, northern Italy. LICENCE The gas field lies within the Selva Malvezzi production concession. Prospex owns a 37% working interest in the Podere Maiar licence with operator Po […]
Europa’s Inishkea gas licence to ‘remain live’
Europa Oil & Gas (Holdings) plc said that its FEL 4/19 licence, containing the large low risk, Inishkea gas prospect, would remain live until the Irish Government rules notifies otherwise. LICENCE TERMS On 7 August 2019, Europa announced the award of FEL 4/19 which is valid for 15 years and divided into four phases, the […]
UKOG raises £1.25m via discounted placing
UK Oil & Gas plc (UKOG) has raised gross proceeds of £1.25 million via a discounted placing of 1,428,571,428 new ordinary shares at 0.0875 pence per share. PLACING The company said that the placing price represented a discount of approximately 27% to the closing price of 0.12 pence per ordinary share on 26 July 2022. […]
Neptune begins drilling Ofelia exploration well
Neptune Energy has started drilling on the Ofelia exploration oil well in the Norwegian sector of the North Sea. OFELIA The Ofelia prospect is located 13km north of the Gjøa field within the Neptune-operated PL929 licence, and lies in one of Neptune’s core areas and close to existing infrastructure. The reservoir target is the Lower […]
Deltic-Shell commit to drilling Selene
Deltic Energy plc and joint venture partner Shell UK Ltd have made the investment decision to drill the high impact Selene gas prospect off the northeast coast of England. SCHEDULES The company added that the timing of a well slot had yet to be confirmed and would be subject to drilling schedules. This is expected […]