Predator Oil & Gas Holdings plc has appointed Stephen Boldy as non-executive chairman, with immediate effect. A petroleum geologist with more than 40 years’ experience, Dr Boldy is currently chief executive of Lansdowne Oil & Gas plc. From 1980 to 1984 he was a petroleum geologist for the Petroleum Affairs Division of the Department of […]
Tag: oil and gas
Borders makes ‘key changes’ as cash decreases
Borders & Southern Petroleum plc posted a decrease of £1 million in cash as it continues to seek a farm-in partner for its three production licences in the South Falkland Basin. APPRAISAL Interim results show the company held cash of $756,000 as at 30 June (June 2023: $2.41m and December 2023: $1.9m). Operating loss for the […]
Rathlin plans reservoir stimulation at West Newton
Rathlin Energy (UK) Ltd has now “duly made” its application to conduct a “reservoir stimulation” within the Kirkham Abbey gas reservoir in the existing West Newton A-2 well in East Yorkshire. PROPPANT The joint venture operator said that the reservoir stimulation involved squeezing a “small volume of oil-based fluid” into the formation located within PEDL183. […]
Corcel increases stake in KON-16
Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Predator advances Morocco-Trinidad assets
Predator Oil & Gas Holdings plc has progressed its projects onshore Morocco and Trinidad. MOROCCO At Guercif, the company is extending Sandjet rigless testing on the MOU-3 well following data analysis by petroleum and chemical engineer Dr John Tinglass. Dr Tinglass worked on the company’s Inniss-Trinity CO2 EOR project in Trinidad, achieving enhanced oil production. […]
Ascent raises $1m via direct subscription
Ascent Resources plc has raised gross US$1million (£763,170) via a direct subscription at a 43% premium. The company issued 33,181,304 new ordinary shares of 0.5p each to oil and gas investor CB Energy VI, LLC at a price of 2.3 pence per new share. Following completion of the subscription and admission, CB Energy will have […]