Hurricane Energy plc has agreed to be sold to Prax Exploration & Production plc in a deal of staged returns of up to £248.9 million to shareholders, depending on the performance of the Lancaster field. ASSETS Hurricane focuses on fractured basement reservoirs offshore West of Shetlands and has a 100% operated interest in the Lancaster […]
Day: 15 November 2024
Europa CEO purchases 1m shares
Europa Oil & Gas (Holdings) plc’s chief executive officer and executive director William Holland has bought 1,079,600 ordinary shares of £0.01 each in the company at 1.24 pence per ordinary share. He is now beneficially interested in a total of 1,308,357 ordinary shares, representing approximately 0.14% of the company’s issued share capital. MAY 2022 DEALINGS […]
Egdon exceeds 390,000 barrels of oil from Wressle
Egdon Resources plc said that production had exceeded 390,000 barrels of oil from the Wressle joint venture (JV) in North Lincolnshire. PARTNERS The JV with interests in PEDL180 and PEDL182 comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). OPERATIONS The production figure was reported to […]
Scirocco independent NED Don Nicolson to leave
Scirocco Energy plc independent non-executive director Don Nicolson is to leave the board on or around the date of the 2023 general meeting. Mr Nicolson’s skills focus on oil, gas and natural resources but the company is now introducing a renewable energy strategy. He will support Scirocco as chairman of the audit committee until the […]