Page 25 - Field Development Plan News Today

Taarifa Rwanda Published 2 days ago 1share British Firm Tullow Oil has until December to present to Kenya government a comprehensive plan for oil production in the Turkana region or risk losing concession on two exploration fields in the area. Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya over delayed petroleum wealth benefits. The delay has been attributed to several factors,...

Kenya gives Tullow ultimatum over Turkana oil fields Summary Kenya has set a December deadline for British firm Tullow Oil to present a comprehensive investment plan for oil production in Turkana County. Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya. Thursday April 01 2021 By BRIAN NGUGI Summary Kenya has set a December deadline for British firm Tullow Oil to present a comprehen...

RNS Number : 4890S 17 March 2021   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION . This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any inve...

Tullow oil PLC - 2020 FULL Year Results 10 March 2021 - Tullow Oil plc ("Tullow"), the independent oil and gas exploration and production group ("Group"), announces its Full Year Results for the year ended 31 December 2020. Details of a management presentation, webcast and conference call are available on the last page of this announcement or visit the Groups website www.tullowoil.com. Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented today: " After a year of ...

Tanzania: Aminex provides Ruvuma operations update 10 Mar 2021 Ruvuma PSA, onshore Tanzania. As announced previously, the Company has completed the Farm-Out agreement with ARA Petroleum Tanzania (APT) which has assumed Operatorship of the Ruvuma PSA. Under the Farm-Out agreement, Aminex is carried for its share of the associated field development costs up to US$35 million, equivalent to gross development expenditure of US$140 million. The joint venture partners agree that the acquisition of a ...

IN BRIEF: Aminex says Chikumbi-1 well planned to spud in early 2022 Wed, 10th Mar 2021 18:16 Aminex PLC - oil and gas explorer focused on Tanzania - Says it has completed the farm-out agreement with joint venture partner ARA Petroleum Tanzania Ltd which has assumed operating of the Ruvuma PSA, in southern Tanzania. Under the agreement, Aminex is carried for its share of the associated field development costs up to USD35 million, equivalent to gross development expenditure of USD140 million. Com...

MONEYWEB app instead? Parliament’s portfolio committee on mineral resources and energy heard this week. By Jan-Jan Joubert 5 Mar 2021  13:48  Image: Shutterstock Cabinet inaction is delaying efforts to merge three Central Energy Fund subsidiaries, Parliament’s portfolio committee on mineral resources and energy heard this week. The plan is to merge PetroSA, SFF and iGas into a new company, thus establishing a national energy champion for South Africa, and such mandate was given ...

UK: Reabold Resources announces partial sale of convertible loan notes in Corallian Energy 03 Mar 2021 Reabold Resources, the investor in upstream oil and gas projects, has announced that, further to the Companys announcements of 22 February 2021 and 24 February 2021, it has initiated the sale of a portion of the convertible loan notes (the CLN) in Corallian Energy with a principal value of £500,000, to a group of strategic investors, in exchange for cash proceeds of £500,000. Reabold will ...

TRADING UPDATES: Cambria drives on amid virus; Argo crypto mining up Wed, 3rd Mar 2021 20:16 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Cambria Automobiles PLC - franchised motor retailer - Says continued to be hurt by UK Covid-19 restrictions in five months to January 31. Welcomes reopening of car showrooms penned for April but warns will miss out on busiest month of trading in March. Sa...

UK: Angus Energy announces Saltfleetby Loan Facility update 22 Feb 2021 AIM-listed Angus Energy has announced, further to the RNS of 30 November 2020 that the Company has received a best efforts expression of commitment in the form of a conditional Mandate Letter, for between £8 and £9 million toward the proposed £12 million Saltfleetby Equipment Finance and Field Development Loan Facility from a major multi-national institution. The Mandate commitment is conditional also on the participat...