United Oil and Gas plc said its strong financial and performance during 2020 has well placed the company to build on its successes and withstand uncertain hydrocarbon prices. In its trading report for 2020, the oil and gas production, development, exploration and appraisal group, announced it had total revenues of $9 to $9.2 million for […]
Oil & Gas
VOG looks to high potential of La-108 well at Douala
Victoria Oil & Gas plc (VOG) said the full potential of the La-108 well was likely to exceed the capacity of the plant in the industrial port city of Douala, Cameroon. CAMEROON WELLS The company’s wholly owned subsidiary and operator, Gaz du Cameroun S.A. (GDC) currently holds interests in the neighbouring blocks of Logbaba and Matanda. Two producing […]
Wressle JV partners mark first oil flow
First oil flow was today announced by the joint venture partners at Wressle in North Lincolnshire. The oil field lies in licences PEDL180 and PEDL182 and is operated by Egdon Resources plc (30% interest) with other partners being Union Jack Oil plc (40%) and Europa Oil & Gas plc (30%). The news follows the recompletion of […]
Neptune JV starts drilling at Seagull
Neptune Energy and its joint venture partners BP and Japan Petroleum Exploration Co. Ltd (JAPEX), today announced drilling had started on the Seagull project in the UK Central North Sea. The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of 18 months. During late 2020, […]
Rathlin to store up to 490t of crude oil at West Newton
Rathlin Energy (UK) Ltd announced it expected to store up to 490 tonnes of crude at its West Newton PEDL183 joint venture hydrocarbon site near Hull, East Riding. PHASES The company is due to begin a public consultation over the coming months after the East Riding of Yorkshire Council’s screening opinion earlier this month considered […]
Reabold Resources’ share placing raises £7.5m
Reabold Resources plc announced it had received £7.5 million by way of a placing and subscription of new ordinary shares of 0.1p each. A total of 890,909,093 ordinary shares have been placed with new and existing institutional investors and a total of 472,727,270 ordinary shares have been subscribed for by certain directors and institutional investors, […]