Block Energy plc recorded a rise in gas production and hydrocarbon prices seeing the company maintain a strong cash balance from its operations in West Rustavi, Georgia. In its operational review of Q2 2021, the company said WR-B1 well on the West Rustavi field targeting 2.1 MMboe of recoverable oil and gas, had materially boosted production. […]
Tag: oil and gas
Serica marks successful flow test results at Columbus
Serica Energy plc today announced successful flow test results from the Columbus development well in the Central North Sea. DEPTH The company had earlier this year experienced difficulties with installing sand screens but remained on course for production. The well was drilled to a measured depth of 17,600ft with a horizontal section of over a […]
Predator appoints Lonny Baumgardner as COO
Predator Oil & Gas Holdings plc has appointed Lonny Baumgardner as chief operating officer with immediate effect. Mr Baumgardner trained as a petroleum engineer and has 30 years’ experience in oil and gas operations. For more than 25 years, he has worked internationally across upstream operations, including several years based in Morocco, Egypt, Tanzania, Australia, […]
Hurricane plugs and abandons Lincoln-14
Hurricane Energy plc has completed operations to plug and abandon the 205/26b-14 (Lincoln-14) well on the P1368 (South) licence in the Greater Warwick Area (GWA). DEADLINE The company is the operator (50%) for the GWA joint venture project with Spirit Energy Resources Ltd (50%). Hurricane completed the work within budget and before the deadline of […]
EnQuest completes acquisition of Bentley discovery
EnQuest plc has completed its acquisition from Whalsay Energy Holdings Ltd of P1078 licence containing the proven Bentley heavy oil discovery in the North Sea. Bentley is one of the largest undeveloped oil fields in the UK Continental Shelf with estimated stock-tank oil initially in place of 900 MMbbls. The discovery lies within 15km of […]
UKOG raises £5m via placing
UK Oil & Gas plc (UKOG) has raised approximately £5 million through a placing of 2,763,888,878 new ordinary shares (placing shares). The placing’s issue price of 0.18 pence per share represents approximately a 22% discount to the closing price of the company’s ordinary shares on 01 July 2021, the business day prior to the placing’s […]