Page 47 - Field Development Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Oilex's 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 services of Oilex's office on a contract basis to review field production, stabilize operations, and i...

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 Oilex's 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 expected to follow the initial drawdown under the Facility. The terms of the Loan Facility remain subst...

  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 with Nexen Petroleum, a subsidiary of China National Oil Corporation (CNOOC), to conduct a detailed eng...