News Oil & Gas

Reabold CPR bolsters farm-out plans for licences

Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]

News Oil & Gas

JOG agrees 50% farm-out with NEO for Greater Buchan

Jersey Oil & Gas plc (JOG) has agreed a 50% farm-out with NEO Energy for the Greater Buchan area (GBA) licences in the North Sea. TRANSACTION TERMS The GBA comprises P2498 and P2170 licences, which contain the Buchan oil field, the J2 and Verbier oil discoveries and a number of exploration prospects. JOG said that […]

News Oil & Gas

JOG in farm-out talks with ‘industry heavyweight’

Jersey Oil and Gas plc (JOG) said it was in advanced exclusive discussions with a “significant UK North Sea operator” for the farm-out of the Greater Buchanan Area (GBA) in the central North Sea. LICENCES JOG owns operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 oil discovery. It […]

News Oil & Gas

Block looks for partner following part XIB farm-out

Block Energy plc has completed the farm-out to Georgia Oil and Gas Ltd (GOG) of part of licence XIB in Georgia. SEISMIC DATA The transaction, announced in December 2022, results in the company now holding a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Block said that GOG had completed the seismic activities agreed […]