United Oil & Gas plc has given its shareholders three days from tomorrow’s general meeting to vote on resolutions including February’s conditional £1 million fundraise. GOING CONCERN The company said it was “crucial” to approve the resolutions, warning that rejection threatened its future survival. United’s current interests are in Jamaica and onshore UK, after leaving […]
Tag: oil and gas
Palliser portfolio manager to stand as Capricorn NED
Capricorn Energy plc said that Palliser Capital portfolio manager Sachin Mistry will stand for election as non-executive director at the company’s general meeting on 23 May. The move follows a relationship agreement with Palliser and consultation by the board with “a broad range of shareholders”. Subject to shareholder approval, Mr Mistry will join the Capricorn […]
Tullow Oil NED purchases 100,000 shares
Tullow Oil plc non-executive director Roald Goethe bought 100,000 ordinary shares in the company for a total £28,500. The purchases via the London Stock Exchange on 8 March were in two tranches of 50,000 shares, for £0.29 and £0.28 per share.
Union Jack increases royalties portfolio in USA
Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. PROLIFIC The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in the Williston Basin is a “diversified producing 96 well interest package” located in Dunn, McKenzie and Williams Counties, […]
Union Jack expects West Bowlegs well to spud soon
Union Jack Oil plc expects drilling to start soon at its recently signed farm-in on the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said operator Reach Oil & Gas Company Inc had signed a drilling contract for the Andrews-1-17 well with a local firm. Groundworks are complete and a spud date due […]
Helium One nears Itumbula West-1 appraisal
Helium One Global Ltd is preparing to move beyond exploration following drill stem test results from the Itumbula West-1 well at Rukwa, Tanzania. EVALUATION The test measured a maximum flow rate of 0.5 million cubic feet per day containing 4.7% helium, without any artificial lift, from the factured Basement and faulted zone. Flow rates in […]