Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Tag: oil and gas
Predator advances Morocco-Trinidad assets
Predator Oil & Gas Holdings plc has progressed its projects onshore Morocco and Trinidad. MOROCCO At Guercif, the company is extending Sandjet rigless testing on the MOU-3 well following data analysis by petroleum and chemical engineer Dr John Tinglass. Dr Tinglass worked on the company’s Inniss-Trinity CO2 EOR project in Trinidad, achieving enhanced oil production. […]
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]
Helium One applies for Rukwa mining licence
Helium One Global Ltd has applied for a comprehensive mining licence for its southern Rukwa project in Tanzania. LAPSED LICENCES A completed feasibility study, on which the application is based, includes results of the extended well test from the Itumbula West-1 discovery well. The project’s environment and social impact assessment study, completed by MTL Consulting, […]
UKOG appoints Kris Bone as chief technical officer
UK Oil & Gas plc has appointed Kristopher Bone as an executive director and chief technical officer, among other board changes. Mr Bone, who joined UKOG in 2019, is a petroleum engineer and chartered chemical engineer with 25 years’ experience in the petroleum, underground gas storage and energy development sectors. He has technical knowledge, leadership […]
Predator changes board following review
Predator Oil & Gas Holdings plc has appointed its executive chairman Paul Griffiths as chief executive officer among other changes to board. Former chief operating officer Lonny Baumgardner leaves the board for personal reasons and the post of managing director is removed from the management structure. “The board wishes to thank Mr Baumgardner for his […]