Borders & Southern Petroleum plc has issued 500,000 new ordinary shares of one pence each following notice to exercise warrants at 1.5p per warrant share, for £7,500. TVRs Following admission, the company’s total issued share capital will comprise 878,130,245 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in treasury. The company […]
Tag: oil and gas
United applies for Walton Morant survey
United Oil & Gas plc has submitted an application for a piston core survey on the 22,400km² Walton Morant licence, offshore Jamaica. FARM-OUT The licence contains more than 40 identified leads and prospects, of which 11 are independently estimated to hold over 2.4 billion barrels of unrisked mean prospective resources. United estimates that the exploration […]
Helium One notes rise in Jackson-2 flow rates
Helium One Global Ltd said that flow rates had increased to more than 250 thousand cubic feet per day in the Jackson-2 well at the Galactica project in Las Animas County, Colorado, USA. SAMPLES Joint venture partner Blue Star Helium drilling the well to total depth of 1,232 feet within the Upper Lyons Sandstone formation, […]
Corcel secures controlling interest in KON-16
Corcel plc has acquired a further 30% in its operated Block KON-16, and sold a 5% share for $2.5 million in the asset, located within the Kwanza Basin, onshore Angola. ADVANTAGE Proceeds will accelerate and fund the 2025 seismic programme in KON-16, ahead of drilling an initial exploration well during 2026. Corcel’s subsidiary, Atlas […]
Harbour independent NED buys 20,000 shares
Harbour Energy plc independent non-executive director Belgacem Chariag has bought 20,000 ordinary shares of 0.002 pence each in the company at an average price of 178.255 pence per ordinary share. Following the purchase on 12 May, Mr Chariag holds a direct interest in 20,000 ordinary shares, representing 0.001% of Harbour’s issued ordinary share capital. Harbour’s […]
Tullow signs SPA for Gabon assets
Tullow Oil plc has signed a sale and purchase agreement to sell all the shares in its Gabonese subsidiary to Gabon Oil Company for US$300 million cash, net of tax. DEBT The move, covering all of Tullow’s non-operated working interests in Gabon, follows the binding heads of terms signed in March. Payment is due following […]