Serica Energy plc said it had rejected a proposed £1bn merger comprising cash and shares of its North Sea oil and gas assets with smaller rival Kistos plc. OFFERS “The proposed terms are the same as the terms outlined in a possible non-binding offer made by Kistos on 24 May 2022 that was rejected by […]
Tag: oil and gas
Predator receives £143,252 in warrant exercise
Predator Oil & Gas Holdings plc received £143,252.88 following a warrant exercise notice from Novum Securities Ltd. The warrant agreements date from May 2018 in connection with a placing in which Novum subscribed for 1,892,960 new shares at 2.8p per share and a February 2020 placing of 2,256,250 new shares at 4p per share. Predator has […]
Harbour finds 390ft gas column in Timpan-1
Harbour Energy plc said it had encountered a 390ft gas column after completing drilling the Timpan-1 exploration well located 150km offshore Indonesia. OPERATIONS The well was drilled to a total vertical depth of 13,818ft subsea. The 390 foot gas column, found in a water depth of 4,245ft, is in a high net-to-gross, fine-grained sandstone reservoir […]
Block secures block XIF in Georgia until 2043
Block Energy plc said it had secured until 2043 the production sharing contract (PSC) licence for block XIF after completing the minimum work programme (MWP) across its oil and gas assets in Georgia. REQUIREMENTS The company received confirmation from Georgia’s State Agency of Oil and Gas (SAOG). Block added it had now completed all MWP requirements across […]
Block Energy production rises and revenue falls
Block Energy plc reported a slight increase in production and fall in revenue during Q2 from its oil and gas operations in Georgia. PRODUCTION The company reported production of 47.2 Mboe (Q1: 46.1 Mboe) at an slightly increased average production of 519 boepd (Q1: 512 boepd) Production was supported by a consistent performance from well […]
Serica Energy spuds North Eigg gas exploration well
Serica Energy plc today began drilling the North Eigg exploration well 3/24c-NE1 in the North Sea. SPUDDING Transocean ‘sPaul B. Loyd Jr. harsh environment semi-submersible drilling rig spud the well at 4.30am. Operator Serica said that the high pressure, high temperature (HPHT) exploration well targeting Upper Jurassic turbidite sands, was similar to those encountered in […]