IOG plc, operator of the Saturn Banks gas project in the southern North Sea, has entered a 12-month extended period of administration. The company last year faced rising costs along with demands to repay postponed interest under a €100 million senior secured bond. IOG appointed administrators in October 2023. Companies House recorded the extension, with […]
Tag: oil and gas
Sangomar production meets PSC sale terms
Capricorn Energy plc said that at least 30 days’ continuous production on the Sangomar oil field had met the production condition relating to the sale of its interest in the PSC. TAX The company was informed by operator Woodside Energy plc which began production on 10 June, offshore Senegal. Capricorn added that Woodside, as recipient […]
Prospex to expand into Poland
Prospex Energy plc plans to expand its onshore oil and gas portfolio with exploration licences in Poland. EXPERIENCE The company said it had identified “attractive” prospective blocks with proven gas production, high potential prospectivity in the targeted geological horizons, and high potential to unlock new reserves to bring onstream within two to three years. The […]
Prospex issues 4.4m share options
Prospex Energy plc has granted a total 4.4 million share options in the company, at 6.4p per share representing a 9.4% premium, to directors and management. EXPIRY The new options awarded represent 1.09% of the total issued share capital of the company as on 2 October 2024. The total options now awarded to directors and […]
Predator issues 3m share options to chairman
Predator Oil & Gas Holdings plc has issued three million share options to its recently appointed non-executive director and chairman Stephen Boldy. Issued on 1 October, the options are exercisable at 10.5 pence per share with one million immediately vesting. The remaining two million will vest after three months, or on first gas flow rate from the […]
Serica notes stable production at Bittern B6
Serica Energy plc said production had stabilised from the Bittern field B6 well in the Triton Area, UK central North Sea. GUIDANCE On 11 September, the well began initial flowback to the Triton floating production storage and offloading vessel. Oil and gas are recorded at a combined gross rate of around 8,000 boepd, net 5,200 […]