Union Jack Oil plc is investigating international oil and gas opportunities to lessen future risk in its UK projects. STRATEGY In its half year report, the company said that there were still “several rich pickings” in onshore domestic oil and gas but that the regulatory process was “painfully slow”. “Over the past year we have […]
Day: 11 November 2024
Reabold owns 17.6% in Colle Santo option holder
Reabold Resources plc plans to increase its interest to 17.6% for £250,000 cash in the operator of the Colle Santo gas field. SECOND OPTION The company will acquire a further 1.6% in LNEnergy Ltd by subscribing for 18 new ordinary shares each at £13,889, funded from existing cash resources. As part of the investment, LNEnergy has […]
Vermilion completes early turnaround at Corrib
Vermilion Energy Inc has completed a planned major turnaround five days ahead of schedule in the Corrib natural gas field, offshore Ireland. GUIDANCE Corrib is forecast to produce approximately 10,000 boe/d gas net to Vermilion and contribute to the company achieving the upper end of overall Q4 2023 guidance range of 80,000 to 83,000 boe/d. Vermilion holds a […]
Horizonte’s tribute to co-founder and former chair David Hall
Horizonte Minerals plc said it would continue with the vision and honour the legacy of its co-founder and former chairman David Hall who died suddenly in August. The company thanked Mr Hall for his leadership, adding that he had played an integral part in the establishment, development and growth of Horizonte’s nickel project in Brazil. […]