EnQuest plc has appointed Rosalind Kainyah MBE to the board of directors effective from 30 May 2024, among a several management changes. Ms Kainyah’s appointment is subject to shareholder approval at the general meeting on the same date, along with that of chief financial officer Jonathan Copus as an executive director. On joining EnQuest she […]
Tag: oil and gas
Dunrobin-Golspie licence to be surrendered
Baron Oil plc said that North Sea licence P2478, containing the Dunrobin and Golspie prospects, will be surrendered due to delays acquiring 3D seismic data. EFFORTS The news comes eight months after licence administrator Reabold Resources plc was granted a further two years subject to acquisition of a minimum 30km2 of 3D seismic data. Baron holds […]
Tullow NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 200,000 ordinary shares of 10p each in the company. Two 50,000 purchases, at an average price of £0.31 per share to total £31,395, took place on 25 March via the London Stock Exchange. A further two 50,000 purchases, for the approximate same price per share for […]
Prospex settles third CLNs repayment
Prospex Energy plc has settled the third and final capital repayment plus accrued interest from the September 2022 convertible loan notes of a total £500,000 value. GROWTH Using accumulated cash within the company, a total of £175,239.83 has been paid to the three CLN holders. Chief executive Mark Routh said that Prospex was now completely […]
Union Jack spuds West Bowlegs farm-in well
Union Jack Oil plc’s said that drilling had begun on the Andrews-1-17 well at the West Bowlegs prospect in Seminole County, Oklahoma. FARM-INS Operator Reach Oil & Gas Company Inc will test the prospect over ten days’ drilling to a depth of 5,200 ft. If successful, wireline logging operations, completion, perforation and testing will follow. Union […]
Baron completes Chuditch-2 geophysics
Baron Oil plc has completed its geophysical site survey at the planned drilling location for the Chuditch-2 appraisal well, offshore Timor-Leste. SEABED The company said that despite weather conditions causing operational delays its subsidiary has now incorporated the results into the geotechnical survey planning. Adverse weather also delayed the vessel due to conduct the geotechnical […]