Baron Oil plc has entered a proposed 15% working interest farm-up for the Chuditch production sharing contract, offshore Timor Leste. COSTS The company’s subsidiary SundaGas Banda Unipessoal Lda signed a memorandum of understanding with the country’s national oil and gas company TIMOR GAP Chuditch Unipessoal Lda. SundaGas will retain operatorship and hold a 60% working […]
Month: November 2024
United to test final 2023 well and finalise 2024 plans
United Oil & Gas plc has ended its 2023 drilling programme with the ASD S-1X exploration well on the ASD south prospect on the Abu Sennan licence, onshore Egypt. COMMERCIAL Drilling began on 11 November and reached a total depth of 3,450 metres on 12 December, ahead of schedule and under budget. The well was […]
Power Metal identifies further uranium targets
Power Metal Resources plc has identified additional multiple “significant” uranium targets at another two of its 17 projects in and around the Athabasca basin, Saskatchewan. CLEARWATER The findings, from the unmanned aerial vehicle magnetic geophysics surveys covering Clearwater and Cook Lake, are from the company’s 2023 exploration programme across its 1,012km2 portfolio. At Clearwater, the survey focused […]
Capricorn agrees final payments for Catcher and Kraken
Capricorn Energy plc has agreed the final settlement of the subsequent payment terms with Waldorf Production UK plc from the sale of its previous assets in the Catcher and Kraken fields. PAYMENTS Under revised terms, Capricorn will now receive $72.5 million over the next 13 months and Waldorf’s 25% non-operated working interest in the Columbus […]
Wressle oil production rate increases with EA approval
Europa Oil & Gas (Holdings) plc said that pump and production rates had been increased with Environment Agency approval at the Wressle onshore joint venture. OPTIMISE Partners in PEDL180/182 comprise Europa (30% economic interest) Union Jack Oil plc (40%) and operator Egdon Resources plc (30%). The EA permits allow the company to handle higher volumes […]
Horizonte confirms chairman and interim CEO
Horizonte Minerals plc today confirmed Paul Smith as a non-executive director and chair and Karim Nasr as an executive director and interim chief executive, effective immediately. Both were previously proposed as part of changes following board resignations including former CEO and company co-founder Jeremy Martin. Mr Nasr has temporarily stepped down from his day-to-day executive […]