Orcadian Energy plc is in line for a southern North Sea licence, adding to the two central North Sea licences previously awarded in the 33rd licensing round. DEVELOPMENT Licence blocks 49/25b, 50/21a, 49/30a and 50/26 contain the Earlham discovery with a high inerts content and the “exciting” undrilled prospect of Clover. The company said that […]
Tag: oil and gas
Baron Oil exits UK
Baron Oil plc has exited the UK after failing to secure new North Sea blocks in the 33rd licensing round and the earlier relinquishment of the Dunrobin-Golspie joint venture licence. Chief executive Dr Andy Butler said: “We can now focus all our attentions on our core area of SE Asia, where we have an exciting […]
Europa declines UK offshore licence
Europa Oil & Gas (Holdings) plc has declined the offer of a licence by the North Sea Transition Authority in the 33rd offshore licensing round. OPPORTUNITIES The regulator had awarded the licence as a marriage between the company and another party. Europa declined the marriage and the full licence should NSTA decide to offer it […]
Scirocco shareholders vote to cancel trading
Scirocco Energy plc shareholders today voted to cancel trading with the last day of dealings expected to be on 16 May. The company will hold further general meeting in approximately two months to appoint liquidators ahead of returning cash to its investors. The process will be via a members’ voluntary liquidation.
Deltic mulls gas licence awards
Deltic Energy plc said it would consider whether to accept the two southern North Sea gas basin licences provisionally awarded in the UK 33rd offshore licensing round. PENSACOLA Containing “a mixture of small discoveries and low risk, infrastructure led exploration prospects”, Blackadder comprises blocks 47/5b, 47/10c and 48/6c while NE SNS consists of 43/2b, 43/3b, 43/4b, […]
Tullow Oil CFO in shares purchase
Tullow Oil plc chief financial officer Richard Miller has purchased 54,000 ordinary shares of 10 pence each in the company at a price of £0.36 per share. The transaction for £19, 440 took place on 1 May. Tullow‘s licence interests are in Africa, South America and the UK.