Angus Energy plc said it had ended the formal sales process for the company following its increased share price and a “strongly supportive” economy. SOUND ENERGY The company had been approached by Sound Energy plc, which today confirmed it did not intend to make an offer. “After lengthy discussions on a possible combination with Sound, […]
Tag: gas
United nears closing sale of Selva interest
United Oil & Gas plc has received approval from authorities in Italy to transfer ownership of the company’s Italian assets to Prospex Energy plc. SPA UOG Italia Srl holds a 20% non-operated interest in the Podere Gallina licence, which contains the Selva gas development project. In August 2021, United signed a conditional sales and purchase […]
IOG needs further studies at shut-in Blythe well
IOG plc said it needed to conduct further processes and safety studies before reopening the shut-in Blythe well at its Saturn Banks project in the Southern North Sea. WORKSTREAMS The company and its offshore duty holder ODE Asset Management (ODEAM) are investigating the chemical injection fault on the Blythe platform which led to the Blythe […]
Angus agrees third deadline for Sound to make firm offer
Angus Energy plc said it had agreed a third deadline for Sound Energy plc to make a firm offer to buy the company. DISCUSSIONS In January, Sound made a possible share offer and the deadline for a definite offer was 2 February. The parties then agreed to extend this to 11 March 2022. Angus today […]
IOG signs new gas off-take deal with BP
IOG plc said it had signed a new gas sales agreement covering the Saturn Banks Phase I fields including Blythe, Elgood and Southwark in the Southern North Sea. PHASE II The deal also includes the Nailsworth and Elland fields which are part of Phase II, on a long-term basis with break clauses after September 2023. […]
Predator seeks partners for Guercif gas project
Predator Oil & Gas plc said it had signed confidentiality agreements with companies over its gas project in Guercif, Morocco. AGREEMENTS One agreement is with a company based in the United Arab Emirates and an Asian exploration and production company. This is to evaluate the exploration, appraisal and development opportunities in the area covered by […]