Star Energy Group plc has closed a new €25 million secured loan for continued investment in oil and gas utilising its existing cash flows and its transition to geothermal energy. ADVANTAGES The “tailored” facility with two components is provided by Kommunalkredit Austria AG and matures on 31 December 2028. Facility A will fund repayment of […]
Tag: oil and gas
Union Jack positive over Andrews 1-17
Union Jack Oil plc sounded positive after drilling the Andrews 1-17 well to 4,600ft on the West Bowlegs prospect in Seminole County, Oklahoma. ACCELERATION The target Hunton Limestone was penetrated at 4,200ft, showing “high porosity and elevated gas readings, with good reservoir quality” interpreted on the wireline logs. Operator Reach Oil & Gas Inc has […]
Europa appoints Eleanor Rowley as independent NED
Europa Oil & Gas (Holdings) plc has appointed Eleanor Rowley to the board as independent non-executive director with immediate effect. Dr Rowley’s experience is in the upstream energy sector working as a geoscientist in both exploration and development projects. She is a proven hydrocarbon finder, having made multiple discoveries in India, Cyprus and Middle East […]
EnQuest appoints Marianne Daryabegui to the board
EnQuest plc has appointed Marianne Daryabegui to the board of directors, with effect from 30 May 2024. Ms Daryabegui is a capital markets adviser who has focused on oil and gas throughout her career, firstly in-house at Total, then as an adviser at BNP Paribas. Experienced in corporate transactions, capital markets and structured finance, she […]
Angus starts site works for Brockham rig
Angus Energy plc has started site works in preparation for the arrival of a rig in early Q2 to reinstate production from onshore Brockham 2Y well near Dorking in Surrey. The operator restarted production in May 2022 following approval from the Environment Agency in April of the same year. Project partners in PL235, containing Brockham, […]
Union Jack begins trading on OTCQB venture market
Union Jack Oil plc ordinary shares today began trading on the OTCQB venture market in the United States. The company said that dual trading on the AIM market of the London Stock Exchange and the OTCQB would provide “enhanced investor benefits”. These include “uncomplicated trading access for investors based in the USA and increased liquidity […]