Serica Energy plc has completed its acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure, along with operated licence interests in four near-field exploration blocks. GROWTH The purchase from TotalEnergies gives the company a new operated hub in the West of Shetland basin. Serica said that current net production is […]
Tag: oil and gas
Helium One raises £3.5m
Helium One Global Ltd has raised £3.5 million via a direct subscription of 583,333,334 new ordinary shares, at 0.6 pence per new ordinary share, by institutional investors. PROCEEDS The issue price represents a discount of 17.6% to the closing mid-market price of the company’s existing ordinary shares on 25 March 2026. The company also intends to raise […]
Ascent continues to await Slovenia award
Ascent Resources plc said it had been advised of a prepared draft for a tribunal award in connection with its Petišovci gas joint venture in Slovenia. COMPLEXITY The company’s claim is under the Energy Charter Treaty against the Slovenian Government. Ascent added that the arbitration tribunal from International Centre for Settlement of Investment Disputes (ICSID), […]
Prospex awarded Poland licences
Prospex Energy plc has accepted the formal award of the San and Dunajec gas and oil onshore licences in southern Poland. SAN-DUNAJEC The company said that the formal award to its wholly owned local subsidiary PXEN Tatra Sp z.o.o., for a €289,000 fee, is expected to complete during April-May 2026. Prospex plans to establish a […]
Corcel issues 900m shares
Corcel plc has issued 900 million placing shares, in connection with the £3.6m fundraise on 19 March. TVRs Following admission, the company’s total issued share capital will comprise 9,415,475,996 ordinary shares, each with one voting righ. The company does not hold any ordinary shares in treasury. Net proceeds will fund drilling Corcel’s first exploration well, […]
Predator assesses ‘agressive’ drilling at Bonasse
Predator Oil & Gas Holdings plc said it was evaluating an “aggressive” back-to-back drilling programme at the Bonasse field onshore Trinidad, to take advantage of the recent spike in oil prices. REVENUE During February 2026, the company drilled and completed two new development wells, BON-18 and 19, with both now online and producing. Predator has […]