Reabold Resources plc said it had completed its offer for additional Corallian Energy Ltd shares, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The deal involves the acquisition of shares from existing Corallian shareholders in exchange for Reabold shares at a ratio of 474 Reabold shares […]
Tag: oil and gas
JOG shapes its 21st century role with carbon policy
Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea. GREENHOUSE GAS PROTOCOL The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management. JOG is targeting net zero emissions from its Greater Buchan […]
Reabold targets stronger hold in Victory discovery
Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]
Egdon losses narrow as output remains within guidance
Egdon Resources plc announced a decrease in losses while production remained within guidance during the six months ended 31 January 2021 from its UK oil and gas interests. The operator’s unaudited results showed production was 92 barrels of oil equivalent per day (H1 2020: 178 boepd) in line with guidance of 90-100 boepd. FINANCE Oil […]
Helium One receives £44,311 via warrant exercise
Helium One Global Ltd received £44,311 following notices to exercise warrants over a total 1,560,230 ordinary shares. Following admission, the company’s issued share capital will consist of 601,322,295 ordinary shares, with voting rights. Helium One holds no ordinary shares in treasury.
United raises production guidance after ‘landmark’ 2020
United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]