Capricorn Energy plc noted the start of production from the Sangomar field development, offshore Senegal. TERMS First production satisfies the first oil condition under the sale and purchase agreement with operator Woodside Energy plc, which initially targeted first oil in late 2023. Capricorn may be entitled to a contingent payment of either $25m or $50m […]
Day: 17 September 2024
Deltic withdraws from Pensacola
Deltic Energy plc has withdrawn from the southern North Sea Pensacola discovery after being unable to find funding or a farm-in partner. INFRASTRUCTURE Operator Shell UK Ltd last week allowed more time to secure a solution for its 30% interest in licence P2252, but Deltic today said it was could not commit to an appraisal […]
Union Jack acquires 45% in Rogers EOR project
Union Jack Oil plc has acquired a 45% working interest in the Rogers enhanced oil recovery project and associated leases in Seminole County, Oklahoma, USA. PRODUCTION The purchase from current partner and operator Reach Oil & Gas Company Inc comprises two legacy production wells of Rogers and S&M and one injector well, Coker. Reach’s base […]
Baron Oil NED buys 6m shares
Baron Oil plc independent non-executive director Dr John Chessher has bought 6 million ordinary shares of 0.025 pence each in the company at an average price of 0.0864 pence per share. The £5,184 purchase took place on 10 June 2024. Dr Chessher’s total beneficial shareholding in Baron Oil is now 6m ordinary shares, representing approximately […]
Helium One raises £8m via 56.5% discounted fundraise
Helium One Global Ltd has raised £8 million via a 56.5% discounted fundraise for 1.6 billion new ordinary shares of no par value in the company at a price of 0.50 pence per ordinary share. USES A placing of approximately 1.6bn new ordinary shares raised approximately £7.9m, and a subscription of 27m new ordinary shares […]