Serica Energy plc has lifted the first oil from the Triton floating production storage and offloading unit since production resumed. GUIDANCE The company said that production continued to increase, beginning with certain wells on the Bittern (Serica: 64.6%), Evelyn (100%), Gannet E (100%), and Guillemot West (10%) fields in the UK central North Sea. “Triton hub […]
Tag: oil and gas
Helium One issues 2m new shares for £1m
Helium One Global Ltd issued 199,720,388 new ordinary shares following conversion notices totalling £1 million from institutional investors, in accordance with the £10 million fundraise in August. TVRs The conversion price of 0.5007p represents an approximate 20% discount to the closing mid-price of the company’s existing ordinary shares on 15 August 2025. Following admission, Helium […]
Capricorn doubts full $30m Waldorf payment
Capricorn Energy plc said it was unlikely to receive the full $29.5 million from its sale of the Catcher and Kraken oil fields, following court refusal of the purchaser’s restructuring plan. DISCUSSIONS The 2021 sale, amended in 2023, to Waldorf Production UK plc was part of Capricorn’s acquisition of a 25% non-operated interest in the […]
Union Jack JV spuds Sark
Union Jack Oil plc’s joint venture has spud the Sark well, targeting an estimated 1,440,000 barrels of oil gross and a further potential 1.5 million barrels, in central Oklahoma, USA. PARTNERS The company will use the proceeds from the July £2 million fundraise for the programme. The overall US$3m drilling programme comprises Sark and Wolverine-1 wells […]
United prepares for Walton Morant surveys
United Oil & Gas plc has pressed on with “substantial” preparations ahead of non-invasive offshore surveys on its 100% owned Walton Morant licence, Jamaica. FARM-IN Completed work includes design of the surveys and operational planning for piston coring and seabed mapping. The company also has detailed interpretation of 3D seismic volumes and 2D seismic lines […]
Block to ‘slim hole’ drill sidetrack at West Rustavi
Block Energy plc plans to drill a sidetrack using directional pilot ‘slim hole’ technology in late September-October on the West Rustavi/Krtsanisi field, onshore Georgia. FARM-OUTS Operations, funded from existing cash resources, are part of project I, one of four running simultaneously in the company’s portfolio. Block said that the technology would be used for the first […]