Angus Energy plc announced an offer of further funding for drilling and acquisitions as it completed drilling the SF7v sidetrack at Saltfleetby field in east Lincolnshire. FLOW TESTING The sidetrack well reached a total measured depth of 2,746 metres in the Westphalian 1D reservoir. Angus will conduct well clean-up operations in mid-March once coiled tubing […]
Month: November 2024
Angus proposes new CEO and chairman
Angus Energy plc’s chief executive officer George Lucan plans to step down to become executive chairman in one of a number of proposed board changes. CHANGES The company said that the moves were in line with its vision of becoming a “significant player in the aggregation, production and storage of gas”. As executive chairman, Mr […]
Scirocco looks to early payment from Ruvuma sale
Scirocco Energy plc expects early revenues at the joint venture group Ruvuma gas project in Tanzania, with first gas now targeted for October 2023. OPERATIONS The company is still waiting to complete the sale of its 25% interest for up to $16 million to ARA Petroleum Tanzania (APT), before it leaves the oil and gas industry […]
Egdon completes Avington-Waddock Cross acquisition
Egdon Resources plc has increased its interests in two southern UK onshore oil licences after completing its acquisition of Aurora Production (UK) Ltd. OIL FIELDS Private company Aurora Production, owned by vendor Aurora Petroleum Ltd, had an 18.75% interest in the Edgon-operated licence PL090 which contains the Waddock Cross oil field in Dorset. It also […]
Galantas to raise up to C$2m via private placement
Galantas Gold Corporation is offering a non-brokered private placement of up to 5,555,555 units, each at C$0.36 to raise up to C$2 million. USES Each unit comprises one common share of the company and one common share warrant. Each warrant entitles the holder to purchase an additional common share at C$0.55 per share for a period of […]
Neptune joins EITI for transparent reporting
Neptune Energy has joined the Extractive Industries Transparency Initiative (EITI) designed to improve accountability for revenues paid and received for a country’s oil, gas and mineral resources. PUBLIC AWARENESS Signatories commit to reporting transparently their operations in EITI-supporting countries to help inform policymakers and raise standards of governance. “We are proud to help uphold the […]