UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]
Day: 11 November 2024
Block holds ‘substantial prospectivity’ in Martkopi Terrace
Block Energy plc holds 302.8MMboe mean unrisked prospective resources in the Martkopi Terrace prospect within its wider Georgia gas exploration portfolio, based on an independent report. PROJECT 1V DeGoyler MacNaughton covered Block’s project IV, comprising Didi Lilo, licence XIF and exploration licence IX with private farm-out partner and operator Georgia Oil & Gas Ltd (GOGL). Findings for the Didi […]
Alba cancels 313m and reissues 360m share options
Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]
Reabold holds 26.1% in Colle Santo option holder
Reabold Resources plc has invested a further £1,650,000 to increase its holding to 26.1% in the majority owner of the Colle Santo gas field. COLLABORATION The company, which signed the original conditional agreement in May 2023, exercised its second option to subscribe for 116 new ordinary shares in LNEnergy Ltd which holds 90% of the field. […]