Angus Energy plc has been granted approval for its plans at Brockham oil field near Dorking in Surrey. WELL BRX4-Z The county council’s planning committee agreed to allow the company to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z. This is subject only to a unilateral undertaking to secure a routing […]
Tag: oil and gas
Ascent faces legal block to some gas workstreams in Slovenia
Ascent Resources plc said that, due to a legal amendment, it did not expect to complete certain work relating to hydraulic stimulation of its operating gas wells in Slovenia. LAW AMENDMENTS The company also expects to increase its claim for damages due to a further breach of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral […]
Egdon reviews plans after Shell exits North Sea gas discoveries
Egdon Resources plc today said that Shell UK Ltd intended to withdraw from licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. OPTIONS The two companies signed the farm-in agreement in August 2020. Egdon added it would now consider its options, including its ongoing commitment to the licences. The company will hold discussions with […]
Union Jack nets $5m from Wressle
Union Jack Oil plc said it had now gained net revenues of US$5 million (£4m) from the Wressle onshore hydrocarbon development in North Lincolnshire. OPERATIONS The figure is the amount to date since production restarted in August 2021, and is an increase of £1m since the end of March 2022. The company holds a 40% […]
Rockhopper signs binding deal over Falkland licences
Rockhopper Exploration plc said it had signed legally binding definitive documentation for Harbour Energy plc to exit and Navitas Petroleum LP to enter the North Falkland Basin. TRANSACTION The deal will see Navitas acquire Premier Oil Exploration and Production Ltd, the company in which Harbour Energy plc holds all of its Falkland Islands licences. Rockhopper (35%) and Navitas […]
Ascent raises £242,500 via warrant exercise
Ascent Resources plc has raised £242,500 after agreeing to the immediate exercise of the remaining equity warrants issued on 6 August 2020. The August 2020 warrant holders owned in total a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share. In exchange for the accelerated warrant exercise, Ascent agreed to issue […]