Hartshead Resources NL expects to submit the field development plan in the next few weeks to the industry regulator for Phase I development of the Anning and Somerville gas fields in the southern North Sea. PHASE I Phase I comprises six production wells produced through two un-manned minimum facilities platforms tied back via a 40km […]
Day: 14 November 2024
Innovate by British Lithium changes name to Lithium Innovations
Australian exploration and development company British Lithium has changed one of its companies’ names. Innovate by British Lithium Ltd was first incorporated in September 2020 as a private enterprise with limited shares. Companies House today reported that the name changed on 22 May by special resolution to Lithium Innovations Ltd. The nature of the business […]
UKOG suspends testing at Pinarova-1
UK Oil & Gas plc (UKOG) suspended testing to await more powerful 7-inch perforating guns to penetrate the 9⅝-inch casing and cement of the Pinarova-1 exploration well in Turkey. EQUIPMENT The decision follows analysis of downhole pressure gauge data from testing which indicated that the 4.5-inch perforating guns used were unable to establish direct contact […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 from the exercise of warrants by former chief executive Paul Johnson over 6,250,000 new ordinary shares. The shares of 0.1 pence each in the company were exercised each at a price of 0.7p. As a result, Paul Johnson and Michelle Johnson will hold 82,250,000 Power Metal shares equating to 3.98% of issued share capital. Following admission, […]
Kistos completes Mime assets acquisition
Kistos Holdings plc has completed its US$111 million acquisition of all the outstanding shares of Mime Petroleum A.S. with assets in the Norwegian Continental Shelf. OBJECTIVES The company said that the purchase adds 24 MMboe of 2P reserves at Balder and Ringhorne, based on the operator’s estimate. An additional 30 MMboe of 2C resources are […]
Tullow Oil to own 100% of onshore Kenya blocks in South Lokichar Basin
Tullow Oil plc will have full ownership of blocks 10BB, 13T and 10BA in the South Lokichar Basin after partners TotalEnergies and Africa Oil withdrew for “differing internal strategic reasons”. RESOURCES Tullow expects net project 2C contingent resources to increase from 231 mmboe to 461 mmboe, and the group’s total contingent resources from 605 mmboe to […]