Sound Energy plc announced it was evaluating a possible all-share offer for the entire issued and to-be-issued share capital of Angus Energy plc. PREVIOUS PROPOSALS In a statement issued today, Sound Energy said that between 18 December 2021 and 4 January 2022 it had made “indicative proposals to Angus regarding a potential all-share combination”, which […]
Tag: oil and gas
Hurricane reaches bubble point without issues
Hurricane Energy plc said that the well gauge pressure reached and declined below the ‘bubble point’ during December without production issues at its Lancaster oil field, west of Shetland. OPERATIONS The company added that this was in line with the previous guided timing of between late December 2021 and mid-February 2022. The bubble point is […]
Angus attracts interests in buyout and Saltfleetby licence
Angus Energy plc said it had attracted at least six genuine approaches from parties interested in acquiring the company or its licence interest in the Saltfleetby gas field in Lincolnshire. DUE DILIGENCE In a statement the company said it would evaluate each expression of interest until a firm proposal was agreed. Angus does not expect […]
Neptune starts gas production at Adorf Z16 well
Neptune Energy today announced first gas production from its operated Adorf Z16 development well in Hoogstede, northwest Germany. PROMISING In a statement the company said that initial production tests indicated flow rates of up to 2,800 barrels of oil equivalent per day (boepd). Neptune expects the Adorf Z16 well to increase production from the licence […]
United begins production at Al Jahraa-13
United Oil & Gas plc announced the start of production following successful test results from the Al Jahraa-13 development well in the Abu Sennan licence, onshore Egypt. RESULTS Kuwait Energy Egypt operates the licence in which United holds a 22% working interest. The well tested with flow rates of 897 bopd and 0.95 mmscf/d gas […]
Union Jack reaches £2m revenue from Wressle
Union Jack Oil plc (UJO) announced it had gained landmark net revenues from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The joint venture within PEDL180 and PEDL182 comprises operator Egdon Resources plc (30%), UJO (40%) and Europa Oil & Gas Holdings plc (30%). UJO said that since the re-start of production on 19 August […]