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 […]
Day: 15 November 2024
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 […]
GreenOre Gold records resignation of three directors
GreenOre Gold plc has recorded the resignation of three directors from the company. Companies House documents shows that Marc Sale stepped down on 31 December 2021 followed by Gavin Berkenheger and Raymond Keenan on 21 January 2022.
Rockhopper notes close of arbitration
Rockhopper Exploration plc said that it had been told that the proceedings related to the Ombrina Mare arbitration were closed on 25 April 2022. DAMAGES The International Centre for Settlement of Investment Disputes (ICSID) tribunal has 120 days after closing to issue its award, extendable by 60 days. Rockhopper is seeking damages based on lost […]
Egdon swings to profit on price and production rise
Egdon Resources plc recorded an increase of 500% in overall profits from its onshore oil and gas operations in the East Midlands. OPERATIONS The company’s unaudited results for the six months ended 31 January 2022 show production increased by 116% to 36,714 barrels of oil equivalent (boe) equating to 200 boe per day (boepd) (H1 […]
Ascent faces legal block to some gas workstreams in Slovenia
Ascent Resources plc said that, due to a legal amendment, it did not expect to complete certain work relating to hydraulic stimulation of its operating gas wells in Slovenia. LAW AMENDMENTS The company also expects to increase its claim for damages due to a further breach of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral […]