United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]
Day: 15 November 2024
CAML publishes 2020 sustainability report
Central Asia Metals plc (CAM) has published its 2020 Sustainability Report for group activities and at the Sasa zinc-lead mine in North Macedonia and the Kounrad copper recovery plant in Kazakhstan. Last year, CAM identified four of the 17 UN Sustainable Development Goals (SDGs) to which the company could best contribute. These include no poverty; good health and well-being; […]
IOG signs off Blythe-Southwark platforms
Independent Oil and Gas plc (IOG) today announced the mechanical completion of the Blythe and Southwark platforms, with installation due by the end of June 2021. CONSTRUCTION The gas company added that, following the arrival of the Noble Hans Deul rig at Elgood, it had also full drawn its bond escrow account into unrestricted cash. […]
EnQuest to acquire Bentley heavy oil discovery
EnQuest plc has agreed to acquire the proven North Sea Bentley heavy oil discovery from Whalsay Energy Holdings Ltd. OPPORTUNITIES The share purchase agreement (SPA) for 100% equity interest in licence P1078 is through the acquisition of Whalsay’s subsidiary, Whalsay Energy Limited (WEL) on a cash, liability and debt free basis. “This discovery is within […]