Red Rock Resources plc has raised £7,352.94 following notices to exercise warrants over 980,392 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 980,392 warrants into shares at an exercise price of 0.75 pence per share.
Oil & Gas
Block set for 2021 with $6.8m and two new wells
Block Energy plc announced it had a strong cash position of $6.8 million as it prepares to drill two wells as part of its 2021 objectives at West Rustavi in Georgia. OIL AND GAS PRODUCTION In its operational report for Q1 2021, the company said it was currently producing across all its licences (excluding WR-16aZ […]
Block appoints Andrew Moncur as drilling manager
Block Energy plc has appointed Andrew Moncur as the company’s new drilling manager. Mr Moncur started working in the North Sea with a variety of operators and has spent the last 22 years managing drilling operations in the Middle East, Caspian and the former Former Soviet Union. His specific experience lies in enhanced oil recovery […]
UKOG granted approval to drill Basur-3 well
UK Oil & Gas plc (UKOG) has received permission to drill the forthcoming Basur-3 appraisal well located in the Resan licence, Turkey. The Turkish Ministry of Energy and Natural Resources granted approval to UKOG Turkey and its joint venture partner and site operator Aladdin Middle East (AME). UKOG Turkey, a wholly owned UKOG subsidiary, has a 50% […]
JOG completes acquisition of Verbier
Jersey Oil & Gas plc (JOG) has taken full control of licence P2170, containing the Verbier oil discovery, after completing its acquisition of CIECO V&C (UK) Ltd. FARM-OUT The purchase is from ITOCHU Corporation and Japan Oil, Gas and Metals National Corporation (JOGMEC). JOG paid £150,000 and two contingent payments based on the Oil & […]
United plans tests after ASD-1X results at Abu Sennan
United Oil & Gas plc announced preliminary results from the ASD-1X exploration well suggested at least 22m net oil pay at its Abu Sennan concession onshore Egypt. The results were across a number of reservoirs, including the Abu Roash C, Abu Roash E, Lower Bahariya and Kharita formations. United, which holds a 22% working interest […]