Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]
Tag: oil and gas
Helium One identifies priority drill target
Helium One Global said it had identified a priority drill target at the Tai prospect at its Rukwa (100%) project area in Tanzania. DRILLING The company added that the drill location was guided by Phase II seismic which had improved definition of the Tai structure and identified an untested closure in the Lake Beds. Well […]
Reabold approved equity exchange with Daybreak
Reabold Resources plc said that shareholders had backed the equity exchange agreement over its California assets with Daybreak Oil and Gas Inc. TERMS The company’s subsidiary Reabold California LLC comprises two licence areas of Monroe Swell and West Brentwood. The deal will see the subsidiary become a wholly owned subsidiary of Daybreak whose shareholders approved […]
Angus restarts Brockham oil production
Angus Energy plc has restarted oil production and water reinjection at the Brockham oil field within PL235, in the Portland reservoir, near Dorking in Surrey. OPTIMISATION The company added that current average rates of production from the BRX2-Y well were 50 barrels of oil per day with an approximately equal amount of formation water produced […]
IOG shuts in Blythe-Elgood over drainage concerns
IOG plc said that production at Blythe and Elgood has been shut in over safety concerns in the drainage system at Bacton gas terminal’s condensate stabilisation unit (CSU). SBRF The company added that over the past month, Blythe and Elgood hydrocarbon liquids (condensate) flowing into the Saturn Banks reception facilities (SBRF) slugcatcher had fluctuated considerably, […]
Hurricane appoints Linda Beal as independent NED
Hurricane Energy plc has appointed Linda Janice Beal as an independent non-executive director, with immediate effect. Ms Beal will chair the audit and risk committee and become a member of the remuneration committee. Her experience includes being a tax partner at both PwC and Grant Thornton advising international E&P clients. Ms Beal was recently a director […]