Corcel plc’s partner will soon restart intervention activities at the Tobias-13 and Tobias-14 wells on block KON-11 in the Kwanza Basin, onshore Angola. CONFIDENT Previous drilling and testing resulted in minimal oil for TO-13 and significant water in TO-14’s clean-up. The company said that the work by operator Sonangol would provide additional information specifically relating […]
Tag: oil and gas
United issues 59m shares to settle Egypt legacy
United Oil & Gas plc has issued 59,523,810 new ordinary shares to settle an outstanding balance with Rockhopper Exploration plc relating to the transfer of the Abu Sennan licence in Egypt. EXPLORATION In 2019 Rockhopper agreed to sell its 22% working interest to United, which held the concession until 2024. The issued new ordinary shares […]
Capricorn receives $50m from Sangomar sale
Capricorn Energy plc said it had received the $50 million payment due from Woodside Energy relating to the sale of its production sharing contract interests in the Sangomar oil field, Senegal. FOCUS The company aims to return any available proceeds of the contingent payment to its shareholders, which is subject to any disputed tax obligations […]
EnQuest expands into Vietnam
EnQuest plc has expanded its southeast Asia business into Vietnam by acquiring a 53.125% equity interest in the Chim Sáo and Dua production fields from Harbour Energy plc. BLOCK 12W The agreement, with a headline purchase of $84 million, is in line with the company’s aim to grow its international operating footprint with “fast-payback assets, […]
Predator acquires 51% of Bonasse field operator
Predator Oil & Gas Holdings plc expects to start receiving revenues from its new 51% holding in the operator of the Bonasse field in the Southwestern Peninsular, Trinidad. TECHNOLOGY The $170,000 investment in Caribbean Rex Ltd adds to Predator’s existing country assets of the Cory Moruga oil field, containing the Snowcap discovery, and its extension, […]
Predator prepares to drill Titanosaurus structure
Predator Oil & Gas Holdings plc has started civil engineering work to improve access roads and prepare the well pad at the MOU-5 drill site on the Guercif licence, onshore Morocco. EVALUATION The company said the fully funded drilling operations, targeting the Titanosaurus prospect, are on schedule to begin on or about 25 February 2025. […]