Neptune Energy and its partners have started drilling on the Hamlet exploration well in the Norwegian North Sea. HAMLET The Hamlet prospect is at a water depth of 358m and 7km north of the Gjøa field within the Neptune-operated PL153 licence. It lies 58km west of Florø in Norway. The reservoir target is the Lower […]
Tag: oil and gas
Reabold-Daybreak extend date for equity exchange
Reabold Resources plc announced an extension by mutual consent to 29 April 2022 of the longstop date of the equity exchange agreement with Daybreak Oil and Gas Inc. CALIFORNIA Daybreak is a United States’ OTC traded oil and gas operator with assets in California. The transaction will result in Reabold becoming a major shareholder of […]
Block reports operations unaffected by ‘geopolitical tensions’
Block Energy plc reported stable production from well JKT-01Z, with operations at West Rustavi in Georgia unaffected by “wider geopolitical tensions”. PRODUCTION The company said that production was at a current rate of 310 boepd, comprising 182 bopd and 21,800 m3 (128 boe) of gas per day. “It is encouraging to note, after over a month of […]
Capricorn receives $1bn tax refund from India
Capricorn Energy plc said that the Indian tax refund of INR79 billion had now been paid and it had received net proceeds of US$1.06bn. The company expects to issue a circular in early March detailing the shareholder resolutions required in connection with the proposed shareholder return of up to $700m. This comprises a $500m tender […]
Neptune awards £3m contracts to support Cygnus
Neptune Energy has awarded a series of contracts totalling £3 million to support gas production at its operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. MAINTENANCE The work includes diving support vessel services, helicopter services and general inspection activities to support maintaining high levels of gas production. Cygnus is capable of […]
Ascent NED Ewen Ainsworth to leave
Ascent Resources plc non-executive director Ewen Ainsworth will step down from 28 February 2022. Mr Ainsworth has accepted a full-time executive position elsewhere.