Prospex Energy plc has granted a total of 3,700,000 share options in the company to directors and other staff following the annual review of staff remuneration. OPTIONS The new options represent 1.30% of the Prospex’s current issued share capital, and take the total number awarded to staff and management to 14,346,897, representing 5.04% of the […]
Month: November 2024
Block plans extended well test following wellbore failure
Block Energy plc will start an extended well test for the first well in Project I caused by unstable wellbore conditions at the West Rustavi / Krtsanisi oil field in Georgia. WELLBORE FAILURE The company drilled the WR-B01Za well into the Middle Eocene reservoir, targeting productive “sweet spots” with high density oil-bearing natural fractures, based on […]
United to bring ASH-8 on stream at Abu Sennan
United Oil & Gas plc expects to bring the ASH-8 development well on stream after interpreting 22 metres of net oil pay in the primary reservoir target on the Abu Sennan licence, onshore Egypt. ASH-8 The well is the company’s first in its 2023 campaign and will start production through the existing ASH facilities on […]
UKOG installs new boreholes for water re-injection
UK Oil & Gas plc has progressed its planned Horse Hill-2z (HH-2z) Portland formation water reinjection project in Surrey with the installation of three, shallow, groundwater monitoring boreholes. REDUCE COSTS The water injection programme aims to reduce the field’s operating costs by some £250,000 per year by eliminating “the substantive costs of tankering and disposing produced […]
Capricorn appoints Clare Mawdsley as acting CFO
Capricorn Energy plc has appointed Clare Mawdsley, previously director of finance, as acting chief financial officer (CFO). Current CFO James Smith is expected to leave the company soon after eight years’ service. Ms Mawdsley joined Capricorn in 2013 as a tax advisor before becoming head of tax in 2019. She had held the role of […]
Oriole finds fresh signs of new gold district at Mbe
Oriole Resources plc reported further high grade golds and notable mineralisation from additional rock-chip sampling results at the Mbe licence on its Central Licence Package (CLP) in Cameroon. BULK DEPOSIT The results are from 27 selective rock-chip samples taken from outcropping rocks in a structural corridor at Mbe, one of five licences within the Eastern […]