Scirocco Energy plc has secured an extension to the long stop date for the sale of its 25% interest in the Ruvuma gas project in Tanzania. CONDITIONS PRECEDENT The company and purchaser ARA Petroleum Tanzania (APT) agreed to amend the date of the proposed $16 million transaction from 31 August 2023 to 30 September 2023. […]
Tag: time extension
Tullow granted more time for Gabon licences
Tullow Oil plc has increased its resource base in Gabon with the extension of several of its licences until 2046. TCHATAMBA The company said that government approval will add some 5mmbbls net 2P reserves that will deliver 100% 2P reserves replacement this year. “This activity is in line with the group’s strategy to focus on […]
UKOG given two more years for Broadford Bridge
UK Oil & Gas plc (UKOG) has been granted a two-year planning extension to its Broadford Bridge-1z well, containing the Kimmeridge oil discovery, in Sussex. CONCEPT West Sussex County Council this week approved the application for PEDL234 to run until 31 March 2024. “The additional two years will permit any learnings from possible future Kimmeridge […]