Investment company Reabold Resources plc said that an initial analysis of an extended well test (EWT) showed potential for “significant hydrocarbon” production at the West Newton joint venture project in East Yorkshire. EWT Operator Rathlin Energy Ltd conducted the EWT in Q4 2021 and commissioned RPS Group to produce a review assessing the potential of […]
Month: November 2024
Sound Energy evaluates possible offer for Angus
Sound Energy plc announced it was evaluating a possible all-share offer for the entire issued and to-be-issued share capital of Angus Energy plc. PREVIOUS PROPOSALS In a statement issued today, Sound Energy said that between 18 December 2021 and 4 January 2022 it had made “indicative proposals to Angus regarding a potential all-share combination”, which […]
Hurricane reaches bubble point without issues
Hurricane Energy plc said that the well gauge pressure reached and declined below the ‘bubble point’ during December without production issues at its Lancaster oil field, west of Shetland. OPERATIONS The company added that this was in line with the previous guided timing of between late December 2021 and mid-February 2022. The bubble point is […]
Kavango resumes drilling at Ni-Cu project in KSZ, Botswana
Kavango Resources plc announced the start of drilling hole KSZDD002 at its nickel-copper project in the Kalahari Suture Zone, Botswana. PROGRAMME KSZDD002 is designed to intercept the B1 Conductor, a geophysical anomaly that the Kavango believes to be a prospective target for possible massive sulphide nickel or copper mineralisation. On 14 January, Mindea Exploration and […]
Scotgold Resources reports PDMR dealings
Scotgold Resources Ltd announced that non-executive chairman Peter Hetherington purchased 150,000 depositary interests of no par value in the company at an aggregate price of 75.77 pence per share. Mr Hetherington’s beneficial interest in the issued share capital of the company is: Name & Position Ordinary Shares Purchased & Purchase Price Number of Ordinary Shares […]
Angus attracts interests in buyout and Saltfleetby licence
Angus Energy plc said it had attracted at least six genuine approaches from parties interested in acquiring the company or its licence interest in the Saltfleetby gas field in Lincolnshire. DUE DILIGENCE In a statement the company said it would evaluate each expression of interest until a firm proposal was agreed. Angus does not expect […]