Tungsten West plc has appointed Alistair Stobie as chief financial officer effective on 13 November. Mr Stobie has worked with AIM-listed businesses within the energy and natural resources sector and raised capital within various markets. He was CFO at oil and gas company Octavia Energy, before holding the same post at Hurricane Energy plc which […]
Month: November 2024
United to drill final 2023 well on Abu Sennan
United Oil & Gas plc expects drilling to start over the coming days on the final well of 2023 on the Abu Sennan licence in the Western Desert, Egypt. RESERVOIRS Exploration well ASD S-1X well is targeting an un-risked STOIIP* estimated by United at c.10mmbbls gross across multiple reservoirs intervals, including the primary Abu Roash-C […]
United enters ‘critical stage’ for Walton Morant farm-out
United Oil & Gas plc said talks had entered a “critical stage” with its preferred potential farm-out partner for the Walton Morant licence in Jamaica. VALUE The company also aims to secure an extension to the licence period, due to expire at the end of January 2024, for additional technical work on the block to […]
Predator completes acquisition of Cory Moruga
Predator Oil & Gas Holdings plc has completed its acquisition of operator T-Rex Resources (Trinidad) Ltd and 83.8% of the Cory Moruga licence, onshore Trinidad. SNOWCAP The licence includes the Snowcap discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. Over the next three years, Predator will re-enter Snowcap-1 to bring […]
Reabold receives requisition notice for general meeting
Reabold Resources plc has received a requisition notice from Pershing Nominees Ltd for a general meeting to replace the oil and gas company’s directors. CONTROL The move, on behalf of 13 shareholders representing a total 7.84%, contains ordinary resolutions that Kamran Sattar, Andrea Cattaneo, Francesca Yardley and Chris Connolly be appointed directors of Reabold. Further resolutions […]
Wressle-1 resumes production with down-hole jet pump
The Wressle-1 well has been brought back into production at the joint venture within PEDL180/192 oil field in Lincolnshire. SALES Project partners comprise operator Egdon Energy plc (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). Union Jack and Europa said that the down-hole jet pump, installed in October, and […]