Red Rock Resources plc issued 211,482,353 ordinary shares following notice to convert £134,820 of loan notes, including interest, from October 2023. In accordance with the terms of the notes, the ordinary shares are of £0.0006375 per share. Following admission, the company’s issued ordinary share capital will comprise 3,548,246,811 ordinary shares each with equal voting rights. […]
Day: 19 December 2024
Block begins project III farm-out process
Block Energy plc has started the farm-out process for the Patardzueli-Samgori field within licences XIB and XIF, or project III, in Georgia. INFRASTRUCTURE The company appointed UK-based energy advisory group LAB Energy Advisors Ltd for the process following last week’s independent assessment of more than 1tcf of 2C contingent gas resource to the field. A […]
Beacon to restart production at Erfelden
Beacon Energy plc has completed sand jetting operations with coiled tubing on the Schwarzbach-2(2.) well in the Erfelden field in Hessen, Germany. PUMP The company’s subsidiary Rhein Petroleum GmbH expects to restart production “in the coming days” following reinstallation of the rod pump. Beacon said that the impact of the sand jetting would only be known […]
Baron plans site surveys for Chuditch-2
Baron Oil plc expects to conduct site surveys during February and March at the planned drill location for the Chuditch-2 appraisal well, offshore Timor Leste. COSTS The surveys will identify potential hazards at the proposed well site to ensure minimal environmental impact when locating a drilling rig can be safely located on the TL-SO-19-16 production […]