Capricorn Energy plc today said that it aimed for a “substantially reduced headcount” in the United Kingdom allowing it to focus on its onshore oil assets in Egypt. REDUNDANCY PROCESS The news comes as the Edinburgh-based company’s new management starts a comprehensive strategic review of its business and the “several potential directions” for its future. […]
Day: 15 November 2024
Rockhopper awaits ruling on Italy’s move over award
Rockhopper Exploration plc said today that the Italian Government’s request to annul the €247 million award relating to the Ombrina Mare oil field dispute is due to have its final hearing during Q1 2024. AWARD The award comprises €190 million plus accrued interest from January 2016 to August 2022. Interest was paused for four months following the […]
UKOG looks to improved Horndean production rates
UK Oil & Gas plc (UKOG) expects improved production rates from new power-efficient surface pumps at the Horndean oil field 10 miles north of Portsmouth in Hampshire. LOWER COSTS The company holds a 10% share in PL211 which is operated by IGas plc. UKOG said its net share of oil sales revenues from the asset […]
Serica Energy completes acquisition of Tailwind
Serica Energy plc confirmed it had now successfully completed its acquisition of Tailwind Energy Investments Ltd from Tailwind Energy Holdings LLP. FURTHER DEALS The company said it now had a balance of gas and oil production focused around the Bruce and Triton hubs in the UK North Sea, with more than 80% of production from […]
Conroy Gold JV overburden sampling shows high value gold-zinc-lead at Slieve Glah
Conroy Gold and Natural Resources plc reported high values of gold and base metals from extensive deep overburden geochemical sampling programme at Slieve Glah in County Cavan, Ireland. SLIEVE GLAH The four gold targets, each extending 3km in length, at Slieve Glah lie approximately 20 miles to the southwest of the Clontibret gold target. Conroy […]
Europa awards 6.5m share options to CEO-employees
Europa Oil & Gas (Holdings) plc has awarded in total more than 6.5 million share options to its new chief executive officer and certain employees of the company. The board of directors agreed to issue options over 4,000,000 ordinary shares of 1 penny to William Holland, and 2,520,000 to certain employees. Europa made the awards under […]