Union Jack Oil plc’s joint venture has had its first setback from a poor show in its fifth drilled well, Sark, in central Oklahoma, USA. PROGRAMME Operator and partner Reach Oil and Gas company plc drilled the well to a total depth of 5,391 feet, targeting an estimated 1,440,000 barrels of oil gross and a […]
Tag: oil and gas
Serica agrees farm-in on Wagtail discovery
Serica Energy plc has secured a 40% farm-in on the Wagtail oil discovery and the March and Bancroft exploration prospects, within licence P2530, for an initial $650,000. EXTENSION The agreement is with Australian-listed Finder Energy which currently holds the central North Sea licence with a 60% operated interest. Dana Petroleum holds the 40% balance. Serica […]
Corcel issues 556m share options and 28m shares
Corcel plc has awarded 555.6 share options to its directors under an adopted share option plan (SOP), as well as 28 million bonus shares to its executive directors. PLANS The company has also adopted a founder share plan (FSP), subject to shareholder approval. Under the FSP, Corcel will grant nominal cost share options to chief […]
Corcel increases issued share capital to 7.6bn
Corcel plc has increased its issued share capital, under an acceleration clause, with exercise of the 1,698,125,000 February 2025 warrants, for £3.85 million. TVRs The company said that the last 334,375,000 of exercised warrants came under the block admission dated 24 June 2025. Following the exercise, Corcel’s issued share capital comprises 7,630,333,138 ordinary shares, with one […]
United investors approve £2.23m fundraise
United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]
Obituary – mining executive David Horgan
Clontarf Energy plc co-founder and chairman David Horgan, who also cofounded and was a director of a small group of metal and mineral exploration companies, has died aged 66. Mr Horgan cofounded and was chairman of Petrel Resources plc, cofounded and was director of Botswana Diamonds plc and founder chairman of Greenore Gold plc. Born […]