Union Jack Oil plc said it was in sound financial health and on course to becoming a significant principally onshore mid-tier UK oil and gas producer. In its financial results for for the year ended 31 December 2020, the company reported increased revenue of £158,004 (2019: £136,959) from production income at Keddington and the Fiskerton […]
Oil & Gas
Hurricane faces call to remove several directors
Hurricane Energy plc said that one of its shareholders had called for the removal of five board directors. REVIEW The company has received a requisition notice from Crystal Amber Fund Ltd for a general meeting to vote on removing five directors. These include chairman Steven McTiernan, senior independent director Dr David Jenkins, and independent non-executive […]
Wressle JV expects proppant squeeze to improve cash flow
Egdon Resources plc announced it had received approval to start the proppant squeeze operation at the Wressle oil field development in North Lincolnshire. OPTIMISATION The operator holds a 30% operated interest in licences PEDL180 and PEDL182 with joint venture partners Europa Oil & Gas (Holdings) plc (30% working interest) and Union Jack Oil plc (40%). […]
IOG awards duty holder contract
IOG plc has awarded the Phase 1 duty holder contract for installation and pipeline operator as well as facilities operations and maintenance (O&M) to ODE Asset Management (ODE AM) for its gas projects in the Southern North Sea. ODE AM will deliver production operations from offshore infrastructure including Blythe and Southwark platforms, the Thames Pipeline […]
IOG to support university CCS research
IOG plc said it would be supporting university research into carbon capture and storage (CCS) and other renewable opportunities across its gas assets at Bacton in the Southern North Sea (SNS). The company, which on 27 April changed its name from Independent Oil & Gas, has signed a collaboration agreement with GeoNetZero CDT at Heriot-Watt […]
Helium One cleared to start drilling at Rukwa
Helium One Global Ltd has received environmental approval for a planned exploration drilling programme at its wholly owned Rukwa project in Tanzania. The Environmental Impact Assessment (EIA) Certificate was signed on the 4 May giving the company all necessary permits to start drilling in early June 2021. Chief executive David Minchin said that the award demonstrated […]