Rockhopper Exploration plc said it was in discussions with potential partner Navitas Petroleum LP after Harbour Energy plc decided against proceeding with the Sea Lion project in the North Falkland Basin. HARBOUR In its interim results published today, Harbour said it had undertaken a thorough review of the Sea Lion project in which it has a […]
Tag: oil and gas
Deltic grants 34m share options
Deltic Energy plc has granted options over a total of 34 million ordinary shares in the company to its directors, senior management and employees. DIRECTORS The options, granted at an exercise price of 2.05 pence each, are in accordance with the company’s enterprise management incentives plan and subject to certain share price performance criteria. Chief […]
Union Jack turns down further 25% in Claymore Piper
Union Jack Oil plc has decided not to acquire a further 25% interest in the Claymore Piper complex royalty units in the North Sea. CORE PROJECTS In March 2021, the company acquired a 2.5% interest in the complex, which at the time it said was attractive, cash generating and high yielding, and consistent with its […]
Wressle-1 well continues to ‘exceed expectations’
Egdon Resources plc said production continued to exceed expectations since the proppant squeeze at the Wressle-1 well on PEDL180 and PEDL182 in East Yorkshire. REVISED PERMIT The company also announced it had received the revision to the Environmental Permit. This will allow installation of a combustion plant for gas-to-electric generation and a new potential revenue […]
Egdon expects November date for Biscathorpe side-track plans
Egdon Resources plc said it expected its plans for the side-track drilling, testing and production at Biscathorpe PEDL253 to be heard by Lincolnshire County Council during November. JOINT VENTURE Subject to approval, the Biscathorpe side-track will target the Dinantian Carbonate. A 68 metre oil column was discovered in Biscathorpe-2 with gross mean prospective resources (GMPR) of 2.55 […]
United notes positive results from ASX-1X well in Abu Sennan
United Oil & Gas plc said that the ASX-1X exploration well encountered at least 10 metres net pay in a number of oil-bearing reservoirs in the Abu Sennan licence, onshore Egypt. ASX-1X Once the well has been completed and successfully tested, an application will be made to the Egyptian General Petroleum Corporation (EGPC) for a development lease. […]