UK Oil & Gas plc has suspended trading following a delay in publication of its annual report and accounts. The report for year ended 30 September 2024 will not be published by 31 March 2025, the date set according to AIM rules. The company said that trading will be temporarily suspended from 7.30 am on […]
Tag: oil and gas
Tullow NED acquires 700,000 shares
Tullow Oil plc non-executive director Roald Goethe has purchased 700,000 ordinary shares of 10 pence each in the company for a total £103,390. The acquisition, in two blocks of 250,000 and two of 100,000 shares, were at a price between 14.6 and 15.07 pence per ordinary share. The transactions took place on 25 March 2025.
United secures more time for Walton Morant
United Oil & Gas plc has secured an early two-year extension until 31 January 2028 to its Walton Morant licence offshore southern Jamaica. PARTNER The 22,400km2 block holds “multiple plays and prospects” and more than seven billion barrels mean/mid case recoverable unrisked prospective resources, based on internal estimates. The company will use the extra time […]
Block acquires share in Martkopi Terrace
Block Energy plc has acquired a 10% participating interest in the XIQ production sharing contract containing Martkopi Terrace prospect with 267.2 MMbbl prospective resources in Georgia. STRATEGY XIQ comprises six PSCs of XIC, XIK, XIM, XIN, XIQ and Didi Lilo, which were combined in 2024 to create the enlarged single PSC to attract a farm-in […]
Reabold investee acquires Colle Santo owner
Reabold Resources plc’s investee in the Colle Santo onshore gas project has entered into a binding agreement to acquire the outstanding 80% issued share capital of the field’s owner. PRODUCTION LN Energy Ltd (LN) manages and owns a 20% interest in Italian company LNEnergy S.R.L. which holds 90% of the concession, with an estimated 65 […]
Helium One JV shows ‘strong flow’ at Jackson-4
Helium One Global Ltd said that gas had shown a “strong natural flow” during drilling of the Jackson-4 well at the Galactica project in Las Animas County, Colorado, USA. QUALITY Partner and operator Blue Star Helium drilled to a total depth of 1,260ft (384m) with “free gas” confirmed by wireline logs, with no water encountered. […]