United Oil & Gas plc has spud the ASD-3 development well on the joint venture Abu Sennan licence, onshore Egypt. ASD-3 The company holds a 22% non-operating interest in the licence, which is operated by Kuwait Energy Egypt. ASD-3 will be drilled to approximately 1.2km to the north-west of the ASD-2 well which was drilled […]
Month: November 2024
Ascent settles portion of onshore Slovenia gas dispute
Ascent Resources plc has settled part of its revenue claim against joint venture (JV) partner Geoenergo, and agreed full settlement in the dispute with JV service provider Petrol Geo, over onshore gas interests in Slovenia. PETROL GEO Mediation between the companies resulted in a settlement of €1,436,000, at a 30% discount to the face value, […]
Ascent raises £400,000 via placing
Ascent Resources plc has raised £400,000 before expenses from existing shareholders through issuing 13,333,333 new ordinary shares of 0.5 pence each, at a price of 3 pence per placing share. Subject to shareholder approval, each placing share has one warrant attached with an exercise price of 5 pence per new warrant share over the next […]
Corcel exercises option to acquire Canegrass lithium
Corcel plc has exercised its option to acquire the Canegrass lithium project in Western Australia. LOW COST The company signed a 30-day option period in February and, as agreed, will now issue vendor Huntsman Exploration Inc with 50,000,000 new ordinary shares at £0.004, equating to a total £200,000. “Building upon our recent acquisition and farm-out […]
Harbour CEO-CFO awarded total 1.5m shares
Harbour Energy plc has granted its chief executive officer and chief financial officer a total 1,455,398 performance share awards under the company’s 2017 long term incentive plan (LTIP). The company granted CEO Linda Z. Cook (CEO) 947,955 shares awards and Alexander Kane (CFO) 507,434, each at an award price of £2.69. The grants are in […]
PHC recovers 5t contaminated materials from oil leak
An estimated 140,000 litres of oily-water mix and more than five tons of contaminated beach/soil material and contaminated materials have been recovered from the spillage from the Perenco-operated pipeline under Ower Bay in Poole. OPERATIONS Poole Harbour Commissioners (PHC), leading the clean-up operations, added that a cofferdam at the leakage site had been constructed, the […]