Predator Oil & Gas Holdings plc has restarted planning the MOU-5 Jurassic well, targeting the ‘Titanosaurus structure’ covering up to 187km2, at Guercif onshore Morocco. HELIUM The company will also evaluate the possibility of helium potential by MOU-5 and MOU-4 rigless well testing, after a gas sample from MOU-3 showed the presence of helium. The […]
Tag: oil and gas
UKOG raises £248,204 via retail offer
UK Oil and Gas plc has raised approximately £248,204 via a retail offer for 496,408,000 new ordinary shares of £0.000001 each in the company, at 0.05 pence per share. The funds raised add to the company’s 37% discounted placing on 5 August, which raised £1 million at the same price per share. Issue of shares is […]
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Predator begins Sandjet rigless testing on MOU-3
Predator Oil & Gas Holdings plc has begun Sandjet rigless testing on the MOU-3 well at Guercif in Morocco. MOMENTUM Following the June arrival of initial equipment, testing tools and chemicals required for rigless testing operations were imported into Morocco after customs clearance. Remaining rigless testing equipment arrived after clearance on 2 August, with the […]
Prospex raises £3.34m for stake in Viura
Prospex Energy plc has raised £3.34 million to acquire up to a 10% indirect interest in the Viura producing gas field in northern Spain. HEYCO The company’s original placing and subscription was of 54.5m new ordinary shares of 0.1p, at 6 pence per share. The placing increased from 47.5m new ordinary shares announced yesterday to […]
Helium One encounters ‘higher’ shows in ITW-1
Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]