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 […]
Day: 15 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 […]