Jersey Oil & Gas plc’s chief executive officer Andrew Benitz has bought 47,166 ordinary shares of 1p each at at a price of 52.875p per ordinary share. The purchase on 7 March takes Mr Benitz’s holding to 763,764 ordinary shares, representing 2.33% of the company’s issued share capital. JOG holds 20% of the Greater Buchan […]
Month: March 2025
Europa submits plans for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has submitted a planning application for an appraisal well for the Cloughton gas field in Scarborough, North Yorkshire. OPERATIONS Operator and 40% licence owner Europa estimates Cloughton has Pmean gross gas initially in place volumes of 192bcf. The company said it had also started a community engagement website for […]
EnQuest offers to merge with Serica
Serica Energy plc said it was in negotiations for a possible merger with EnQuest plc which has made an all-share offer by way of a reverse takeover. ASSETS Serica added that the proposed deal had “substantial potential benefits” including “increasing scale and diversification, unlocking significant synergies and providing a stronger platform for further growth”. The […]
UJO-Reach drilling ‘bears fruit’ on Moccasin
Union Jack Oil plc said tests showed initial open hole average flow rate at 25.88 barrels of oil per hour, or 621 barrels of oil per day, in Moccasin 1-13 well in Pottawatomie County, Oklahoma, USA. ZONES Joint venture partner and operator Reach Oil & Gas Company Inc continues to evaluate the well while it starts installation of permanent production facilities and […]
Galactica JV notes helium increase in State-16
Helium One Global Ltd said that a “significant” increase in helium was measured in the State-16 well at the Galactica joint venture project in Las Animas County, Colorado USA. TIE-IN Partner and operator Blue Star Helium drilled the well in May 2024 before Helium One acquired a 50% working interest in the wider Galactica-Pegasus project. […]
Star awards 2m share options to directors
Star Energy Group plc has awarded in aggregate 1,999,000 nil cost options over shares in the company to its directors. PLANS Chief executive officer Ross Glover received 300,000 awards and chief financial officer Frances Ward received 225,000 under Star’s 2015 management retention plan. Under its 2016 executive incentive plan, Mr Glover received a further 525,000 […]