Predator Oil & Gas Holdings plc has raised £1.3 million before expenses after conditionally placing 26,000,000 new ordinary shares at 5 pence each. The company said that the placing was significantly oversubscribed.
Tag: oil and gas
Elgood flow test exceeds IOG predictions
IOG plc said it had overcome mechanical issues to record a successful flow test at the Elgood gas development well 48/22c-7 in the UK North Sea. The company took longer than expected before intersecting 1,080 ft high-quality Permian Leman Sandstone reservoir along hole between 14,290 ft measured depth (MD) and 15,370 ft MD, with a […]
Block first full quarter gas boosts W. Rustavi revenue
Block Energy plc recorded a rise in gas production and hydrocarbon prices seeing the company maintain a strong cash balance from its operations in West Rustavi, Georgia. In its operational review of Q2 2021, the company said WR-B1 well on the West Rustavi field targeting 2.1 MMboe of recoverable oil and gas, had materially boosted production. […]
Serica marks successful flow test results at Columbus
Serica Energy plc today announced successful flow test results from the Columbus development well in the Central North Sea. DEPTH The company had earlier this year experienced difficulties with installing sand screens but remained on course for production. The well was drilled to a measured depth of 17,600ft with a horizontal section of over a […]
Predator appoints Lonny Baumgardner as COO
Predator Oil & Gas Holdings plc has appointed Lonny Baumgardner as chief operating officer with immediate effect. Mr Baumgardner trained as a petroleum engineer and has 30 years’ experience in oil and gas operations. For more than 25 years, he has worked internationally across upstream operations, including several years based in Morocco, Egypt, Tanzania, Australia, […]
Hurricane plugs and abandons Lincoln-14
Hurricane Energy plc has completed operations to plug and abandon the 205/26b-14 (Lincoln-14) well on the P1368 (South) licence in the Greater Warwick Area (GWA). DEADLINE The company is the operator (50%) for the GWA joint venture project with Spirit Energy Resources Ltd (50%). Hurricane completed the work within budget and before the deadline of […]