EnQuest plc announced its average net group production in the first four months of 2021 was within the full year guidance range for its operations in the UK and Malaysia. In its review for the period, the group said it remained on course to deliver its targets as it recorded 46,158 boepd within guidance range […]
Oil & Gas
Red Rock to swap EOL shares in oil and gas, Benin
Red Rock Resources plc has accepted an offer to exchange its shares in Elephant Oil Ltd (EOL) which holds hydrocarbon exploration licences onshore Benin. Red Rock has a 4.68% holding in EOL at a current value of £137,500 and the swap will be for shares in Elephant Oil Corp (EOC). The miner said it would […]
West Newton JV orders CPR for oil and gas wells
The joint venture (JV) partners at the West Newton oil and gas discoveries have ordered a competent person’s report (CPR) for WNA-1, WNA-2 and WNB-1Z wells in the East Riding of Yorkshire. Gaffney, Cline & Associates Limited will carry out the CPR following completion of the imminent well testing programme of the WNB-1Z and WNA-2 […]
Reabold completes offer for additional Victory interest
Reabold Resources plc said it had completed its offer for additional Corallian Energy Ltd shares, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The deal involves the acquisition of shares from existing Corallian shareholders in exchange for Reabold shares at a ratio of 474 Reabold shares […]
Predator remains on course to drill MOU-1
Predator Oil & Gas Holdings plc said it remained on schedule to start drilling next month its MOU-1 gas well in the Guercif Basin, northern Morocco. The MOU-1 well, comprising permits I, II, III and IV, is approximately 250km due east of and on trend with the Rharb Basin, where shallow commercial gas production has been […]
Neptune takes stake in Pegasus West gas discovery
Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West gas discovery and surrounding acreage of P1724, P1727, P4257 and P2128 in the UK Southern North Sea. Pegasus West, discovered in 2014 and currently operated by Spirit Energy, lies in block 43/13b and forms part of the Greater Pegasus Area […]