UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]
Day: 16 September 2024
Corcel targets ‘pipeline’ of Brazil assets
Corcel plc has agreed a collaboration to identify, evaluate and acquire “a pipeline” of producing onshore oil and gas fields in Brazil. ADVANTAGE New partner Conterp Serviços Técnicos Ltda will contribute its local market knowledge and relationships, access to technology, services, equipment and expertise of asset management of onshore Brazil oil and gas fields. Corcel will […]
Union Jack spuds second Oklahoma well
Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]