Corcel plc’s shareholder Extractions Premium & Mining Ltd has entered a put option agreement with Richard Jennings and cancelled the call option from February 2024. Under the terms of the agreement, Mr Jennings has the right from 16 April 2024 until 1 September 2024, to sell up to 99 million ordinary Corcel shares to EXT. The […]
Tag: oil and gas
United receives $1m over Abu Sennan
United Oil & Gas plc said it had received US$1 million from state oil company Egyptian General Petroleum Corporation (EGPC) in relation to the Abu Sennan onshore licence. ASSETS The funds will leave United debt free while withdrawal from the concession, in which it held 22% working interest, is finalised. The company anticipates the remaining […]
Corcel finds ‘significant’ water from TO-14 clean-up
Corcel plc found “significant” water production with oil shows and nominal oil saturation levels from clean-up operations using nitrogen at the TO-14 well within the Tobias field, onshore Angola. DATA Partner and operator Sonangol has now completed initial well test efforts at the well while engineering work continues. Nitrogen shortages in Luanda have prompted […]
Corcel raises £1.3m via premium placing
Corcel plc has raised £1,299,750 via a 37% premium placing, including an investment from one of its directors, cornerstone shareholder Extraction Srl and other institutional investors. USES The company issued 259,950,000 new ordinary shares of £0.0001 at a price of £0.005 per share with one-for-one warrants at £0.01 per share, valid for 24 months. Extraction […]
Predator prioritises revaluation of assets
Predator Oil & Gas Holdings plc said its main priority in 2024 would be to re-set the valuation of its gas assets “through means other than the intra-day share price”. PRUDENT Executive chairman Paul Griffiths added that the company would focus on “entities that understood the true value of natural resources in [the] oil and […]
Helium One progresses towards operational phase
Helium One Global Ltd is progressing towards operational phase with new studies, an expanded technical team and a review of production options at Rukwa in Tanzania. FS Conversion of its licences from prospecting to mining requires an environmental and social impact assessment, which forms part of the feasibility study. An expanded technical team is expected […]