Helium One Global Ltd said its phase II seismic data had identified multiple areas of interest with potential new closures at its Rukwa project in Tanzania. 2D SEISMIC The company added that the potential closures were at both the Lake Bed and Karoo Group levels. Previous 2D seismic did not cover the area surveyed meaning […]
Tag: oil and gas
Angus agrees third deadline for Sound to make firm offer
Angus Energy plc said it had agreed a third deadline for Sound Energy plc to make a firm offer to buy the company. DISCUSSIONS In January, Sound made a possible share offer and the deadline for a definite offer was 2 February. The parties then agreed to extend this to 11 March 2022. Angus today […]
IOG signs new gas off-take deal with BP
IOG plc said it had signed a new gas sales agreement covering the Saturn Banks Phase I fields including Blythe, Elgood and Southwark in the Southern North Sea. PHASE II The deal also includes the Nailsworth and Elland fields which are part of Phase II, on a long-term basis with break clauses after September 2023. […]
Predator reviews options to recover Inniss-Trinity gas revenues
Predator Oil & Gas Holdings plc said it continued to evaluate its options to recover revenues from its operations at the Inniss-Trinity gas project in Trinidad. SETTLEMENT This is to recover significant CO2 EOR [enhanced oil recovery] revenues to which the company believes it is entitled under the WPA with FRAM Exploration Trinidad Ltd. Predator […]
Predator seeks partners for Guercif gas project
Predator Oil & Gas plc said it had signed confidentiality agreements with companies over its gas project in Guercif, Morocco. AGREEMENTS One agreement is with a company based in the United Arab Emirates and an Asian exploration and production company. This is to evaluate the exploration, appraisal and development opportunities in the area covered by […]
Predator’s Dr Steve Staley steps down from board
Predator Oil & Gas Holdings plc announced that Dr Steve Staley is stepping down with immediate effect from the board to pursue other interests. The company added it would appoint at least one further non-executive director.