Corcel plc non-executive director and former chairman Antoine Karam has resigned with immediate effect. Interim non-executive chairman Andrew Fairclough said: “On behalf of the board, I would like to offer thanks to Antoine for all that he has done for the company, having led the change in strategic direction last year and for supporting it both […]
Oil & Gas
Deltic confirms gas discovery at Selene
Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
United finalises exit from Egypt
United Oil & Gas plc has completed its exit from the Abu Sennan joint venture licence, onshore Egypt. JAMAICA The company said it had finalised all paperwork for the withdrawal from its 22% working interest, effective 1 January 2024. Formal approval from state oil company Egyptian General Petroleum Corporation and the Minister for the Deed […]
Europa CEO purchases 697,484 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 697,484 ordinary shares of £0.01 each in the company, at 0.75 pence per ordinary share. Mr Holland is now beneficially interested in 5,720,800 ordinary shares, representing approximately 0.596% of Europa’s issued share capital. The acquisition is Mr Holland’s fourth this year.
Borders given more time for Falkland licences
Borders & Southern Petroleum plc has been granted two further years for its three offshore production licences, including the Darwin discovery area, in the South Falkland Basin. APPRAISAL PL018, PL019 and PL020, due to expire at the end of this year, are now valid until 31 December 2026. The company continues its search for a […]
UJO expects restart of Keddington production
Union Jack Oil plc expects to restart production during late 2024 at the Keddington oil field in the East Lindsey district of Lincolnshire. GROWTH The company, which owns 55% while Egdon Resources (UK) Ltd holds 45%, said that ongoing site improvements were “progressing well”. Elsewhere in the UK, cumulated net revenues profits from the onshore […]