Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]
Tag: oil and gas
Helium One JV nears target in Jackson-4
Helium One Global Ltd’s joint venture has drilled the intermediate hole section in the Jackson-4 well to 1,123ft (342m) measured depth at the Galactica project in Las Animas County, Colorado, USA. READINGS After cementing the casing, operator Blue Star Helium will undertake a cement bond log to confirm good bonding. The operator will drill further […]
Block acquires Samgori South Dome
Block Energy plc has acquired a further 574 billion cubic feet unrisked prospective resources by securing the operational rights in the Samgori South Dome field in southeast Georgia. STRENGTHEN The company’s rights cover the Upper Eocene, Lower Eocene and Upper Cretaceous, following confirmation from the State Agency of Oil and Gas of Georgia. National […]
Rathlin appoints Paul Harris as independent NED
Rathlin Energy (UK) Ltd has appointed Paul Harris as an independent non-executive director of the board, with immediate effect. Mr Harris is a chartered engineer with 35 years’ experience within the energy sector. He has a technical, regulatory and commercial background and a track record of delivering UK oil and gas projects. Mr Harris’ previous […]
JOG issues 775,000 share options
Jersey Oil & Gas plc has granted options over in aggregate 775,000 ordinary shares of 1p each in the company to its directors, senior management and employees. DIRECTORS The options exercise at 82.5 pence per ordinary share over a period of seven years for executive directors / officers and five years for non-executive directors. A […]
Deltic explores funding options for Selene
Deltic Energy plc has progressed work on its Southern North Sea gas licences as it considers options for funding its share of operations. BLACKADDER Post-well analysis and pre-field development planning work has started, adding to current data on the Selene joint venture gas project. P2437 licence has entered its second term with work to date […]