Block Energy plc has completed the farm-out to Georgia Oil and Gas Ltd (GOG) of part of licence XIB in Georgia. SEISMIC DATA The transaction, announced in December 2022, results in the company now holding a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Block said that GOG had completed the seismic activities agreed […]
Month: November 2024
Angus losses rise due to derivative instrument
Angus Energy plc’s rise in losses could see it raise further funds for its onshore oil and gas assets in the United Kingdom. FINANCES The company’s audited annual accounts for the year ended 30 September 2022 showed losses of £111.947m, which included a derivative loss of £110.309m in relation to the derivative instrument, resulting in […]
Predator signs binding deal for Cory Moruga
Predator Oil & Gas Holdings plc has signed a binding agreement with Challenger Energy Group plc to acquire the Cory Moruga licence, onshore Trinidad. UNREALISED POTENTIAL The fully termed long-form legal deal was initiated in December 2022, following a dispute between the companies. The terms remain unchanged including Predator’s 100% acquisition of the issued share […]
Europa notes lower Inishkea emissions forecast
Europa Oil & Gas (Holdings) plc said an independent study showed lower emissions from development of 1 trillion cubic feet gas on its Irish offshore licence than imported gas. COMPARISONS The Inishkea prospect within FEL 4/19 in the Slyne basin and near the Corrib field is the company’s flagship project in Ireland. The report was […]
Angus fully commissions second compressor
Angus Energy plc reported that the second compressor was now fully commissioned and processing gas for export at Saltfleetby in east Lincolnshire. MAINTENANCE “Well completion continues on the sidetrack well SF7V with clean-up work awaiting coiled tubing due late March,” added the company. “The intervening time window offers a useful opportunity to perform regular maintenance […]
Predator starts approval process for rigless testing MOU-1
Predator Oil & Gas Holdings plc has started the regulatory approval process for rigless testing of the MOU-1 well for the Guercif petroleum agreement, onshore Morocco. WRITTEN INTENT The company has sent a written outline to the Office National des Hydrocarbures et des Mines (ONHYM) on the testing programme, intervals to be tested and the quantities […]