Predator Oil & Gas Holdings plc said that competition for transport had delayed the spud date for the MOU-2 well at its Guercif gas licence onshore northern Morocco. TRANSPORT The company, which has nearly completed pre-drilling procurement and delivery, had expected to start drilling in mid-December. “Some remaining well inventory was delayed as a result […]
Tag: gas
Scirocco expects to sell Ruvuma interest during Q1 2023
Scirocco Energy plc said it now expected to sell during the first quarter of 2023 its 25% share of the Ruvuma gas asset in Tanzania. CLEARANCE The company agreed to sell its asset to ARA Petroleum Tanzania (APT), with a view to completing the transaction during December 2022. Scirocco today said that the Tanzanian fair […]
Deltic Energy JV spuds Pensacola gas prospect
Deltic Energy plc’s joint venture partner has installed the Maersk Resilient rig and begun drilling on the Pensacola gas prospect in the Southern North Sea. PROSPECTIVE RESOURCES The company has a 30% working interest in licence P2252 located in the emerging Zechstein Reef play fairway. Deltic estimates Pensacola contains gross P50 prospective resources of 309 […]
IGas appoints Frances Ward as CFO-board director
IGas Energy plc has appointed Frances Ward as chief financial officer and a board director, with immediate effect. Ms Ward has more than 15 years’ senior management experience in the international oil and gas sector. She joined IGas in 2017 as group financial controller and became finance director in July 2020. Her current directorships are […]
Prospex raises £500,000 via loan notes for Selva
Prospex Energy plc has raised £500,000 via the issue of unsecured convertible loan notes to existing and new investors. SUBSCRIBERS The company said that the loan notes had been issued to three individual subscribers. The loan notes hold 15% interest and are convertible into new ordinary shares at a price of 5.5p at any time […]
Scirocco signs binding deal with APT for Ruvuma interest
Scirocco Energy plc said that ARA Petroleum Tanzania (APT) intended to exercise its pre-emption rights over the company’s sale of its Ruvuma gas interest in Tanzania. AGREEMENTS Scirocco had previously agreed to sell its Ruvuma interest to Wentworth Resources plc. “Scirocco has now entered into binding agreements with APT which, inter-alia, provides access to cash call […]