United Oil & Gas plc has completed stage I surface geochemical exploration across 1,189km on the seabed within the Walton-Morant licence, offshore Jamaica. LOCATIONS The programme comprised the multibeam echosounder survey to acquire high quality seabed bathymetry data. The information will inform the selection of locations for stage II heat-flow and stage III piston core […]
Tag: oil and gas
Europa CEO increases shareholding
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 749,641 ordinary company shares of £0.01 each, at an average price of 1.4485 pence per ordinary share. Following today’s purchase, Mr Holland is beneficially interested in a total of 13,468,435 ordinary shares, representing 1.387% of the company’s issued share capital. Europa holds […]
Europa raises £641,000 from retail offer
Europa Oil & Gas (Holdings) plc has raised £641,176.89 from its retail offer of 53,431,408 new ordinary shares, each at 1.2 pence, and up to 13,357,852 warrants. TVRs The company said it had increased the size of the offer, originally set at £350,000, for existing shareholders. Europa subsequently had to scale back the offer to […]
EnQuest receives LoA for Cendramas PSC
EnQuest plc said it had received a letter of award as a partner in the Cendramas production sharing contract in Malaysia. AGREEMENT The partnership will also include Medco Asia Pacific Ltd and DIALOG Resources Sdn Bhd. Petroliam Nasional Berhad (Petronas), through Malaysia Petroleum Management, made the written award. Subject to finalising and signing a […]
Harbour completes $3.2bn acquisition of LLOG
Harbour Energy plc has completed its $3.2 billion acquisition of LLOG Exploration Company LLC, operating in the Gulf of Mexico (Gulf of America). TVRs The purchase is through $2.7 billion cash and 174,855,744 new Harbour voting ordinary shares to the seller LLOG Holdings, L.L.C. with a value of $500m. Harbour used a $1bn bridge facility, a $1bn […]
Sunda agrees £1.5m loan with CEO
Sunda Energy plc has agreed an unsecured loan with its chief executive officer Andy Butler for up to £1.5 million to finance the proposed purchase of an oil and gas exploration, development and production portfolio. CHUDITCH-2 The company has drawn down the first £400,000 of the loan to fund transaction costs of the proposed acquisition […]