Page 24 - Field Development Plan News Today

28 May 2021 | 08:11am StockMarketWire.com - Oilex has completed the sale of its 40% participating interest in the Bhandut Production Sharing Contract to Indian firm Kiri and Company Logistics Private. Oilex has received US$290,000 from the buyer and an additional payment of US$28,000 is expected for final cash calls related to Oilexs interest in the Bhandut PSC. On 28 January 2020, Oilex announced that it had accepted an offer from Kiri, which has also expressed an interest in engaging the ser...

Oilex has advised that the sale of its 40% participating interest in the Bhandut PSC has now completed following the receipt of US$290,000 from the buyer. An additional payment of US$28,000 is expected for final cash calls related to Oilexs interest in the Bhandut PSC.

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UK: Angus Energy announces signing of the Saltfleetby finance facility 13 May 2021 Loan Facility, conditional only on the setting of the hedge, regulatory approval of the royalty arrangement by the Oil and Gas Authority (OGA) and a handful of administrative provisions, has now been signed between Angus and Mercuria Energy Trading and Aleph Saltfleetby, as the co-Lenders. As previously notified, the Company awaits approval of the Field Development Plan from the OGA although this is now expec...

  1.  Parkmead is an independent, UK and Netherlands focused energy group that is listed on AIM on the London Stock Exchange (symbol: PMG). Parkmead is focused on growth in the oil and gas upstream and renewable energy sectors, targeting transactions at both asset and corporate level. 2.  In January 2018, Parkmead significantly increased its equity in the Greater Perth Area oil hub project from 60.05% to 100%. The Group also announced that it had signed an agreement wit...

  Conditional offer to acquire up to an additional 13.12% of Corallian Energy Limited and Victory Operational Update   Reabold, the investor in upstream oil and gas projects, is pleased to announce that it has conditionally offered to acquire additional Corallian Energy Limited ("Corallian") shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share (the "Offer"), potentially increasing Reabolds s...

  UK Oil & Gas Plc (AIM: UKOG), a UK and internationally focused energy company, is pleased to announce its full year results for the full year ended 30 September 2020. A copy of the full annual report and details of the Companys annual general meeting will be posted to shareholders in due course. A copy of the full annual report will also be made available on the Companys website: www.ukogplc.com   Qualified Persons Statement Matt Cartwright, UKOGs Comm...

UK: Jersey Oil and Gas completes the acquisition of CIECO V&C (UK) 07 Apr 2021 AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf (UKCS) region of the North Sea, has completed its acquisition of the entire issued share capital of CIECO V&C (UK), owned by ITOCHU and Japan Oil, Gas and Metals National Corp (JOGMEC). As previously announced on 26 November 2020, the consideration for the acquisition consists of a completion payment o...

US$12.3 TRILLION out of thin air… And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... Revenue declined by just over 25% compared to the 2019 figure. And Pharos posted a big loss rather than profits because of a mammoth impairment charge “as a result of the oil price volatility and movements in 2P reserves.” In years gone by, Pharos (then called Soco) used to generate loads of cash and pay generous shareholder dividends. However, net ca...

THE STANDARD By Macharia Kamau | April 6th 2021 at 00:00:00 GMT +0300 Had everything gone according to plan, Kenya would be preparing to start exporting its first consignment of commercially produced oil by the end of this year. However, this has since changed and the optimism with which 2021 was labelled as the possible date for Kenya’s first oil payday has been moved to 2022, then 2023 and now 2024. As recently as 2018, British exploration firm Tullow Oil had targeted a “Final Investmen...