Reabold Resources plc has increased its share in Corallian Energy Ltd to 2,780,049 after investing £600,000. The hydrocarbon investment company exercised 272,727 warrants over shares in Corallian Energy Limited at £2.20 per share, equating to approximately £600,000. Reabold now holds 36.9% of Corallian’s then issued share capital. In the 32nd Licensing Round, the Oil and […]
Tag: gas
UKOG looks to appeal against Loxley refusal
UK Oil & Gas plc said it would likely appeal against Surrey County Council’s refusal to grant permission for gas appraisal at its PEDL234 licence in Loxley. ISSUES The council’s planning committee ruled against officers’ recommendations to approve the company’s 100% owned Portland gas appraisal project. UKOG said that all issues concerning planning, environmental and […]
Angus buys new equipment to reconnect Saltfleetby gas
Angus Energy has invested in new equipment to reconnect the Saltfleetby Gas Field in Lincolnshire to the national gas transmission network. Key Facts Energy reported that the hydrocarbon company has entered into agreements for a full fiscal metering and gas analysis system, two Caterpillar gas driven engine system, two Ariel Compressor Units, one of the […]
Rathlin starts West Newton B-1 main borehole drilling
Rathlin Energy (UK) Ltd has started drilling at the onshore West Newton B-1 (WNB-1) well, following the West Newton A-2 (WNA-2) appraisal well (PEDL183), in East Yorkshire. The site operator will use a Drillmec HH 220 drilling rig to drill a borehole to an approximate depth of 2,000 metres and take six to ten weeks […]
Angus Energy to raise £12m for Saltfleetby
Angus Energy plc hopes to raise £12 million, with support from its 49% partner Saltfleetby Energy, to redevelop Saltfleetby gas field in Lincolnshire. The hydrocarbon company announced yesterday (23 September) that it had raised £1 million from placing 111,111,105 new ordinary shares at 0.9 pence per share. This will form part of a working capital […]
Union Jack placing and subscription raises £7m
Onshore hydrocarbon production, development and exploration company Union Jack Oil plc raised £7 million from an “oversubscribed” placing and subscription. The company now has some £11 million which it will use to extend its drilling operations and seek acquisition opportunities following the UK’s departure from the EU, the pandemic and energy prices. Union Jack will […]