United Oil & Gas plc has been granted a beach licence to allow seabed sampling within its 22,400km2 Walton Morant Basin, offshore southern Jamaica. DATA The continuous licence, which renews each year on 1 April, gives the company permission to carry out piston core survey in the foreshore and seabed areas. Geochemical analysis of collected seabed […]
Tag: oil and gas
Rockhopper receives full €31m Italy insurance
Rockhopper Exploration plc has received the full €31 million insurance arranged to protect the company against an unsuccessful outcome in the Ombrina Mare oil field arbitration. CLARITY In June, the company lost the second tranche payment in its dispute with the Italian Government, during proceedings at the International Centre for Settlement of Investment Disputes (ICSID). The arbitration […]
Helium One issues 410.7m new shares for CLN
Helium One Global Ltd has issued 410,714,286 new ordinary shares after receiving conversion notices totalling £1,725,000, in relation to the July 2025 fundraise. TVRs The conversion price of 0.42p is a discount of approximately 10.6% to the closing mid-price of the company’s existing ordinary shares on 28 August. Following admission, Helium One’s issued ordinary share capital will comprise […]
Prospex’s Viura-1B production restart delayed
Prospex Energy plc said that technical and equipment issues had delayed the restart of production from the Viura-1B well, which completed successful flow tests, in northern Spain. FLOW RATES Problems initially began in April when operator Heyco Energia Iberia SL shut in the well following a leak in the completion tubing, which was replaced in […]
Reabold welcomes step forward for Colle Santo
Reabold Resources plc’s investment project of the Colle Santo gas field has taken a step forward with a favourable review from the Italian Government. FIRST GAS Located in Abruzzo with two existing drilled and tested production wells, the site holds 65 billion cubic feet of gross 2P reserves, based on a RPS estimate in September […]
EnQuest signs Gaea PSCs
EnQuest plc has signed production sharing contracts, awarded in April, for the Gaea and Gaea II exploration blocks in Papua Barat (West Papua). OPERATOR The two blocks hold a “multi-trillion standard cubic feet unrisked resource potential”, estimated to be “in excess of 100 tscf by the Ministry of Energy and Mineral Resources. Gaea and Gaea […]