Ascent Resources plc’s arbitration process over the Petišovci gas joint venture in Slovenia has taken a further step forwards. DOMESTIC The company said that the Slovenian court had “fully rejected” the challenge by the company’s joint venture partner, Geoenergo, to the jurisdiction of the domestic arbitration tribunal. The tribunal had found in favour of Ascent’s […]
Tag: oil and gas
Capricorn under ‘possible offer’
Capricorn Energy plc has confirmed it had “received multiple unsolicited non-binding proposals” regarding a possible, all cash offer from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company added it had evaluated the “possible offer” with its financial and legal advisers. Capricorn has also provided due diligence access to Alamadiyaf al-Masiyyah, which is a member of […]
Sunda granted Chuditch-2 environment licence
Sunda Energy lc has been awarded an environmental licence to drill the Chuditch-2 gas appraisal well, on the TL-SO-19-16 production sharing contract, offshore Timor-Leste. DRILLING The company said that the licence, awarded on 9 March, was valid until 9 March 2028. The licence is also subject to conditions, which include submission of a waste management […]
Beacon makes initial investment in Colle Santo
Beacon Energy plc has completed its initial investment in the Colle Santo gas field in the Abruzzo region, Italy. REABOLD The company now holds an approximate 24% indirect interest in LNEnergy, whose subsidiary owns the field. Subject to receiving a production concession, Beacon will acquire a further 24% indirect interest, for a total 48%, which is […]
Lansdowne agrees further £110,000 CLN
Lansdowne Oil & Gas plc has secured further unsecured convertible loan notes for £110,000 with “a number” of its existing shareholders, ahead of its proposed reverse takeover. BARRYROE Among the participants, chairman and director Jeffrey Auld subscribed for £20,000 CLNs on the same terms as other investors. The company said that the aggregate CLNs outstanding […]
Harbour posts record production
Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]