Union Jack Oil plc has signed further two farm-ins, following the West Bowlegs deal, for projects in Oklahoma, USA. WILZETTA FAULT The first is to acquire a 75% working interest in a well planned to be drilled in a high impcat well in Q3 2024, to test the Footwall Fold prospect in the Wilzetta Fault […]
Month: December 2024
Red Rock issues 211m shares for £135,000 CLNs
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. […]
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 […]
GreenRoc to accelerate and expand Amitsoq
GreenRoc Mining plc aims to increase its graphite footprint and establish mining operations in southern Greenland following changes in the laws. APPLICATIONS Application for and grant of an exploitation licence can now be made before final approval of a project’s environmental and social impact assessments and an impact benefit agreement. The changes, introduced on 1 […]