EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
Tag: oil and gas
United marks ‘exceptional success’ from Egypt assets
United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]
Block NED David Sandroshvili steps down
Block Energy plc announced that non-executive director David ‘Dato’ Sandroshvili tendered his notice of resignation as a director of the company. The company yesterday said that the resignation was immediately effective.
Block retains former NED Chris Brown as technical consultant
Block Energy plc said it would retain the services of a former non-executive director as a technical consultant. Earlier in July, Chris Brown announced his resignation which the company said became effective today instead of the previously announced date of 2 October 2021. Chairman Philip Dimmock said that Mr Brown had decided to step back […]
Predator raises £1.3m via placing
Predator Oil & Gas Holdings plc has raised £1.3 million before expenses after conditionally placing 26,000,000 new ordinary shares at 5 pence each. The company said that the placing was significantly oversubscribed.
Elgood flow test exceeds IOG predictions
IOG plc said it had overcome mechanical issues to record a successful flow test at the Elgood gas development well 48/22c-7 in the UK North Sea. The company took longer than expected before intersecting 1,080 ft high-quality Permian Leman Sandstone reservoir along hole between 14,290 ft measured depth (MD) and 15,370 ft MD, with a […]