The Parkmead Group will write off its Perth oil development in a non-cash one-off impairment of approximately £33 million because of “unprecedented challenges” in the hydrocarbon sector. ISSUES In its business review, the company said it had re-evaluated its direction following “volatile oil and gas prices, ageing infrastructure and rising capital and operating costs”. Parkmead […]
Day: 11 November 2024
Kistos expects ‘sub-commercial’ Benriach gas
Kistos Holdings plc expects “sub-commercial” gas from a discovery from the Benriach exploration well in the Greater Laggan Area, west of Shetland. VOLUMES Kistos holds a 25% non-operated working interest in licence P2411 with operator TotalEnergies (50%) and Rockrose Energy (25%). The Transocean Barents rig mobilised from Olen and spud the well on 21 March, reaching […]
Anglesey nears first Northern Copper zone infill drill
Anglesey Mining plc has started preparations for the first infill drilling in nearly 50 years into the Northern copper zone (NCZ) at Parys Mountain on the Isle of Anglesey. EXTENSIONS The company has begun the design, planning and logistics to drill six holes for 3,700m to infill portions of the current resource and verify historical […]
Baron proposes Andrew Butler as director Asia Pacific
Baron Oil plc proposes to appoint of Dr Andrew (Andy) Butler to the board as director Asia Pacific, expected to be effective from 1 July 2023. Dr Butler has more than 27 years’ experience in the oil and gas sector and is the chief executive officer of SundaGas Pte Ltd which he co-founded in […]
Union Jack director buys 133,400 shares
Union Jack Oil plc executive director Joseph O’Farrell has purchased 133,400 ordinary shares of 5p each in the company at a weighted average price of 31.25p each. Following the purchase for £41,685, Mr O’Farrell owns 2,031,314 ordinary shares, equal to 1.80% of the total issued share capital.