Union Jack Oil plc has raised £2 million before expenses through a placing and subscription of an aggregate 40 million new ordinary shares of five pence each, at five pence per new ordinary share. DIRECTORS Each placing and subscription share has one warrant attached, exercisable at eight pence for a period of two years, equal […]
Tag: oil and gas
Tullow signs SPA for Kenya assets
Tullow Oil plc has signed a sale and purchase agreement for a minimum US$120 million in cash for its Kenya assets with Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd. PRIORITY The portfolio, comprising four onshore blocks in the South Lokichar Basin, represents circa 463 million barrels of 2C resources. Payment, in three […]
Helium One agrees £10m for Galactica-Rukwa
Helium One Global Ltd has agreed a conditional £10 million investment for its projects in Colorado, USA and the southern Rukwa Basin in Tanzania. ITUMBULA Marex Financial arranged the financing involving three institutional investors who may convert the advance into ordinary Helium One shares at any time. Helium One will repay any outstanding amount of […]
Deltic corrects stated terms of sale to Viaro
Deltic Energy plc has issued a correction to part of the originally stated terms of the £6.9 million sale of the company to Viaro Group. The number of shares in the irrevocable undertaking should have said a total of 2,855,357 Deltic shares, representing around 3.07% of the company’s ordinary share capital. Viaro has received, in aggregate, […]
EnQuest expands into Brunei with PSA
EnQuest plc has broadened its southeast Asia portfolio with a production sharing agreement and initial sole operatorship for three condensate gas fields, offshore Brunei. MERPATI The company will develop the fields of Merpati followed by Meragi and Juragan within block C. Gas is targeted for the domestic market and the Brunei liquefied natural gas plant […]
Ascent resumes strong production in Utah
Ascent plc reported 350 thousand cubic feet per day (circa 58 barrels of oil equivalent per day) from the first five wells put back into production last month in the Wolf Point area, northern Utah. INVENTORY Operator Arb Energy LLC is undertaking maintenance on a further four wells expected to beginning long term production, before […]