EnQuest plc has completed its acquisition from Whalsay Energy Holdings Ltd of P1078 licence containing the proven Bentley heavy oil discovery in the North Sea. Bentley is one of the largest undeveloped oil fields in the UK Continental Shelf with estimated stock-tank oil initially in place of 900 MMbbls. The discovery lies within 15km of […]
Tag: oil and gas
UKOG raises £5m via placing
UK Oil & Gas plc (UKOG) has raised approximately £5 million through a placing of 2,763,888,878 new ordinary shares (placing shares). The placing’s issue price of 0.18 pence per share represents approximately a 22% discount to the closing price of the company’s ordinary shares on 01 July 2021, the business day prior to the placing’s […]
EnQuest plans to raise £36m for Golden Eagle
EnQuest plc today proposed a firm placing, placing and open offer to help finance its planned acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development in the UK Central North Sea. The area comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company intends to raise gross proceeds of up […]
Reabold notes completion of EBS at Victory
Reabold Resources plc announced that a key milestone had been reached with the completion of the environment baseline survey (EBS) at the Victory gas discovery, northwest of the Shetland Islands. The upstream oil and gas investor holds a 49.99% interest in operator Corallian Energy Ltd which in turn owns a 100% interest in Victory. Corallian […]
Block spuds WR-B1 to target 2.1MMboe at West Rustavi
Block Energy plc has started drilling for 2.1MMboe of recoverable oil and gas at the WR-B1 well at WR-BA location in the West Rustavi field, Georgia. The company added that it was committed to adding significant production to its operations through a combination of new wells and re-entry and side-track of existing wells. WR-B1 WR-B1 […]
Reabold notes extended gas licence for Parta
Reabold Resources plc said that an 18-month extension had been granted to its project interest in the Ex-10 Parta gas exploration licence in Romania. The investment company holds a 51% interest in Danube Petroleum Ltd, which holds a 100% interest in Parta (including 100% interest in the Parta sole risk area) and a 100% interest […]