Predator Oil and Gas Holdings plc today announced that on 19 July H2Green Power Ltd sold its shareholding of 1,785,700 ordinary shares at 9p per share, for £160,713. CONFLICTS The company said that the sale of the holding was executed “to remove any potential conflicts of interest between the two entities and to provide funding […]
Tag: oil and gas
UKOG to farm out Loxley appraisal well
UK Oil & Gas plc will conduct a pre-planned farm-out programme for the Loxley gas appraisal project in Surrey. PRUDENT UKOG added that the farm-out for PEDL234 would see the prospective partner carry either all or part of the costs. “The company believes that this is the most prudent course of action to both manage […]
UKOG to raise further funds for Basur-1 seismic
UK Oil & Gas plc (UKOG) said it would need to raise further funds for its joint venture (JV) partner to shoot further unbudgeted seismic at the the Basur-1 oil discovery on the Resan licence in Türkiye. FINANCES UKOG added that a longer-than-expected seismic acquisition period over winter had also required additional previously unbudgeted working […]
Predator on course to drill MOU-1 step-out well
Predator Oil & Gas Holdings plc is in final preparations to drill the MOU-1 step-out well, MOU-2, targeting 295 bcf net contingent resources at Guercif, Morocco. PROGRAMME The company said it was completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well which was completed for rigless […]
Hurricane Energy ready to clear debts
Hurricane Energy plc said it would soon clear its debts on the back of high oil prices and steady production at its Lancaster field, west of Shetland. PRODUCTION As of 16 July 2022, Lancaster was producing c.8,650 bopd from the P6 well alone with an associated water cut of c.46%. The company said that there […]
Angus Energy appoints Paul Forrest as NED
Angus Energy plc has appointed Paul Forrest as a non-executive director. Mr Forrest is the owner and sole director of Forum Energy Services Ltd, which sold 100% of Saltfleetby Energy Ltd to Angus in May 2022. He holds 546,000,000 ordinary shares representing 21.08% of the company’s issued share capital. Mr Forrest has broad hydrocarbon and […]