Reabold Resources plc has conditionally acquired six exploration and appraisal licences for £250,000 from Corallian Energy Ltd, which is itself under offer for a potential sale. CORALLIAN ENERGY LTD Private UK oil and gas company Corallian has interests in the West of Shetland, Central Graben, Inner Moray Firth and Viking Graben basins Upstream oil & […]
Tag: oil & gas
IOG notes stable production at Blythe-Elgood
IOG plc reported stable oil and gas production from its operations at the Saturn Banks infrastructure in the UK Southern North Sea. PHASE I The company is in Phase I of the project, which started production in March 2022, to commercialise the Blythe, Elgood and Southwark gas fields. BLYTHE & ELGOOD IOG said that stable […]
Baron Oil raises £1.65m
Baron Oiplc said it had conditionally raised £1.65 million (before expenses) by way of a placing and subscription. The oversubscribed fundraise was for 2,750,000,000 new ordinary shares of 0.025p each at 0.06 pence per share. DIRECTOR PARTICIPATION Chief executive Andrew Yeo subscribed for 16,150,000 new ordinary shares at the issue price. Director Position New Ordinary […]
Angus on target for first gas at Saltfleetby
Angus Energy plc said it maintained its target date of 1 June for first gas at Saltfleetby in East Lincolnshire. OPERATIONS The operator added it was progressing with the project’s installation and commissioning schedule. Skid/Unit Basc Fabrication Status Blasting, Painting Assembly, Testing, Certification etc Target Delivery Date Electrical Room 100% complete Completed Completed Separator Vessel […]
United profits increase four-fold on higher prices
United Oil & Gas plc announced strong finances for 2021 with a four-fold increase in post-tax profits from its oil and gas assets. OPERATIONS The group’s working interest for 2021 production averaged 2,327 boepd (2020: 2,195 boepd) in line with guidance of 2,100 – 2,300 boepd. United recorded 100% drilling success in a five-well 2021 […]
United Oil & Gas CFO David Quirke to step down
United Oil & Gas plc announced that David Quirke will step down as chief financial officer (CFO) and executive director at a date to be agreed. The company added that a search for his replacement was well advanced. Mr Quirke, who is leaving to pursue new challenges, will remain in his post to ensure an orderly […]