EnQuest plc today proposed a firm placing, placing and open offer to help finance its planned acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development in the UK Central North Sea. The area comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company intends to raise gross proceeds of up […]
Tag: oil and gas
Reabold notes completion of EBS at Victory
Reabold Resources plc announced that a key milestone had been reached with the completion of the environment baseline survey (EBS) at the Victory gas discovery, northwest of the Shetland Islands. The upstream oil and gas investor holds a 49.99% interest in operator Corallian Energy Ltd which in turn owns a 100% interest in Victory. Corallian […]
Block spuds WR-B1 to target 2.1MMboe at West Rustavi
Block Energy plc has started drilling for 2.1MMboe of recoverable oil and gas at the WR-B1 well at WR-BA location in the West Rustavi field, Georgia. The company added that it was committed to adding significant production to its operations through a combination of new wells and re-entry and side-track of existing wells. WR-B1 WR-B1 […]
Reabold notes extended gas licence for Parta
Reabold Resources plc said that an 18-month extension had been granted to its project interest in the Ex-10 Parta gas exploration licence in Romania. The investment company holds a 51% interest in Danube Petroleum Ltd, which holds a 100% interest in Parta (including 100% interest in the Parta sole risk area) and a 100% interest […]
UKOG given more time to drill Loxley-1
UK Oil & Gas plc (UKOG) said that it has been granted a two-year extension in which to start drilling the PEDL234 Loxley-1 gas appraisal well in the Weald Basin. The Oil and Gas Authority (OGA) said that UKOG must now begin drilling at the company’s 100% interest project before 31 December 2023. UKOG added that […]
VOG to raise $7.5m with loan deal for gas operations at Douala
Victoria Oil & Gas plc (VOG) said it aimed to raise $7.5 million (£5.5m) with a financing agreement for its onshore gas operations in the port city of Douala in Cameroon. MERIDIAN CAPITAL The company’s wholly owned subsidiary, Gaz du Cameroun S.A. entered into a definitive financing agreement with Meridian Capital (HK) Ltd to raise the funds […]