Corcel plc has received approval to acquire new geological and geophysical data on its three onshore Angola blocks. FOCUS KON-11 and KON-12, considered brownfield redevelopment with historic production from the Tobias and Galinda fields, and operated KON-16 will be subject of an enhanced full tensor gradiometry survey (eFTG). The programme follows “inconclusive results” at the end […]
Tag: oil and gas
Baron Oil chairman buys 30m shares
Baron Oil plc independent non-executive chairman Gerry Aherne bought 30 million ordinary shares of 0.025 pence each in the company, at an average price of 0.06825 pence per share. The 6 June transaction for £20,475 takes Mr Aherne’s total beneficial shareholding in the company to 60m ordinary shares. The figure represents approximately 0.24% of Baron’s […]
Reabold awards 96m share options
Reabold Resources plc has awarded 96,016,810 nil-cost share options to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. On 6 June, co-chief executive officers Sachin Oza and Stephen Williams each received 36,839,030 awards and chief financial officer Chris Connolly received 22,338,750. The awards represent 50% of the total 2023 annual […]
Buchan first oil deferred to 2027
Jersey Oil & Gas plc said that first production from the Buchan field has been deferred to late 2027 due to uncertainty of financial policies following the early General Election in July. FDP Operator NEO Energy is currently working on the field development plan, the completion and approval of which is linked to “fiscal clarity” […]
Angus restarts Brockham 2Y well production
Angus Energy plc has restarted production from the Brockham 2Y well within PL235 near Dorking in Surrey. GROWTH The workover of the well concluded in late May, a new pump installed and repairs and upgrades made to the surface equipment. The company said that after a period of flow to clean up the well, production […]
Star Energy CEO Chris Hopkinson steps down
Star Energy Group plc chief executive officer Chris Hopkinson has stepped down from the role and the board with immediate effect, after 12 months in the post. His replacement is Ross Glover who is expected to be appointed to the board following the company’s general meeting 12 June. Mr Hopkinson, who will not stand for […]