i3 Energy plc has agreed to a £174.1 million (US$225.4m) cash and share bid for its entire share capital from Gran Tierra Energy Inc. RECOMMENDATION I3’s portfolio comprises operations in Central Alberta, Clearwater, Elmworth/Wapiti and Simonette in the Western Canadian Sedimentary Basin. The company also holds 75% of Outer Moray Firth licence P2358, containing the […]
Tag: oil and gas
Union Jack increases Oklahoma interests
Union Jack Oil plc today confirmed two commercial successes and expansion of its onshore portfolio in Oklahoma, USA. ANDREWS Spud in March and targeting the Hunton Limestone, Andrews 1-17 in Seminole County underwent restricted and periodic test production during late May 2024. The company said that the well had since produced 6,460 barrels of high-quality, […]
Tullow NED buys 300,000 shares
Tullow Oil plc non-executive director Roald Goethe bought 300,000 ordinary shares of 10 pence each, at a price of £0.2746 per ordinary share. The £82,380.00 purchase took place on 15 August on the London Stock Exchange.
Orcadian signs binding deals for three licences
Orcadian Energy plc said it was no longer a “one-trick pony” after entering into binding agreements for all three licences awarded in the 33rd licensing round. TECHNOLOGY The company is administrator and 100% holder of the southern North Sea Earlham licence P2680 containing an existing discovery, an undrilled prospect and a redevelopment opportunity Mid North Sea […]
Sunda signs exclusivity deal for Chuditch drill
Sunda Energy plc has entered into an exclusivity agreement to fund drilling the Chuditch-2 gas appraisal well under the TL-SO-19-16 production sharing contract, Timor-Leste. RIG The company said that any investment from private Singapore investor Pacific LNG Operations Pte Ltd would be through equity issued from a Sunda subsidiary. The agreement contains “carve-outs” for several […]
Star issues 231,366 shares
Star Energy Group plc will issue 231,366 ordinary shares of 0.002p each under the company’s share incentive plan. The company said that the SIP shares would be held by Equiniti Share Plan Trustees Ltd. Following admission, the group’s issued capital will be 129,537,872 ordinary shares, each with one voting right. The number of deferred shares […]