Red Rock Resources plc said it had been conducting due diligence on a private offer of “some promising hydrocarbon assets” in Central America. PROGRESS Chairman Andrew Bell added that the assets had the potential to restore the company’s “nine-year-old oil and gas function”. “We are always ready to look at highly prospective projects, especially ones […]
Tag: extractive industries
Crogga appoints Richard Hubbard as director
Crogga (UK) Ltd has appointed its chief executive officer Dr Richard Hubbard as a director. Companies House recorded the appointment effective from 14 February 2024. The exploration company, established in 2017, is targeting the Crogga field, offshore Isle of Man. In the 1990s, BP estimated the field held 1tcf gas in place.
Capricorn spends £15m to date on share buyback
Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]
Europa given more time for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has been allowed more time to appraise the Cloughton gas discovery, within licence PEDL343, on the North Yorkshire coast. ESTIMATE The North Sea Transition Authority granted an extension to the licence’s initial term until 20 July 2026 and a further two years of the second term to 20 July […]
Kistos expects Balder-Ringhorne first oil year end
Kistos Holdings plc said that first oil was now expected at the end of 2024 from the Balder and Ringhorne oil and gas fields in Norway. ENCOURAGED Kistos acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit via its purchase of Mime Petroleum […]
Union Jack signs further two Oklahoma farm-ins
Union Jack Oil plc has signed further two farm-ins, following the West Bowlegs deal, for projects in Oklahoma, USA. WILZETTA FAULT The first is to acquire a 75% working interest in a well planned to be drilled in a high impcat well in Q3 2024, to test the Footwall Fold prospect in the Wilzetta Fault […]