Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group. The revised PUSU deadline has now been extended […]
Tag: time extension
Europa given two more years for Inishkea
Europa Oil & Gas (Holdings) plc has been granted two more years to phase I of its FEL 4/19 licence, containing the Inishkea West gas prospect, offshore western Ireland. INFRASTRUCTURE The company said it aimed to carry out further technical studies and seek to secure a partner to develop the licence, which holds 1.4 trillion […]
EnQuest granted more time for Vietnam PSC
EnQuest plc has been granted a four-year extension, expiring in July 2034, to the block 12W production sharing contract in Vietnam. PRODUCTION The extension will allow the company and its partners “to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets”. Since acquiring a 53.125% interest in block 12W […]
Antler granted more time for EG-08 PSC
Antler Global Ltd has received a 12-month extension to the first two years of the production sharing contract for EG-08 block, offshore Equatorial Guinea. FARM-OUT The company has an 80% working interest in the PSC, while national oil and gas company, Guinea Equatorial de Petróleos (GEPetro), holds 20%. EG-08 contains 2.196 trillion cubic feet (Pmean), […]
Fulcrum extends LoI date for Tully sale
Fulcrum Metals plc has extended the binding letter of intent to no later than 30 September 2025 for the sale of its 458-acre Tully gold project in Timmins, Ontario. PAYMENT The extension provides potential buyer with Loyalist Exploration Ltd more time to complete its CA$1,500,000 fundraise. The new deadline will also result in a further […]
Orcadian secures further six months to repay $1m loan
Orcadian Energy plc has agreed a six-month extension to repay a £1 million loan to Shell International Trading and Shipping Company Ltd. OPTIONS The North Sea oil and gas company’s deadline for the third extension is now 13 March 2024. Orcadian, which currently holds £92,000 cash and a monthly burn rate of less than £20,000, […]