The Parkmead Group plc has been formally awarded 50% of the Fynn Beauly heavy oil discovery, estimated to hold oil-in-place of 740 million to 1.33 billion barrels, in the Outer Moray Firth. UNCERTAINTIES The operator will share licence P2634, comprising blocks 14/15a, 14/20d and 15/11a, with Orcadian Energy plc who holds a 50% interest. An […]
Tag: oil and gas
Union Jack nears testing Andrews 2-17
Union Jack Oil plc will begin completion and production testing in the next 14 days of the Andrews 2-17 well in Seminole County, Oklahoma. PIPELINE Partner and operator Reach Oil & Gas Company Inc spud the well eight days ago, drilling to a total depth of 4,850 feet and penetrating the Hunton Limestone at 4,180 […]
Angus completes Saltfleetby maintenance
Angus Energy plc has completed the planned annual maintenance shutdown at the Saltfleetby gas site, east Lincolnshire. The scheduled five-day outage, finished on 13 July, included maintenance and improvement work, including the installation of compressor acoustic hood. The company reported no safety incidents and no harm to the environment. Dual compressor operation resumed during the […]
Biscathorpe oil production consent quashed
Egdon Resources plc and the Government have conceded that permission has been quashed for oil production at Biscathorpe in the Lincolnshire Wolds. IMPLICATIONS The move follows last month’s Supreme Court landmark ruling that a consent, issued in 2019 for oil production at Horse Hill in Surrey, must include end-use emissions. Biscathorpe lies within licence PEDL253 […]
Corcel chairman to step down
Corcel plc non-executive chairman Antoine Karam is to leave the post as part of further changes at the company. His interim replacement will be independent non-executive director Andrew Fairclough. Interim chief executive Scott Gilbert has assumed a permanent role and will join the board as an executive director on completion of regulatory checks. Non-executive director Deepak […]
UKOG raises £500,000 via discounted placing
UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]