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Follow Jamie on: Proactive Oil & Gas weekly highlights: Bahamas Petroleum, Providence Resources, ADM, Union Jack, 88 Energy, Deltic, Advance Energ, Mosman It was another active week in the small-cap oil and gas sector. Bahamas Petroleum Company PLC (LON:BPC) will convene an extraordinary general meeting and it revealed a number of material changes to the business including a £6.9mln capital raise, a new chief executive, and a rebrand to ‘Challenger Energy Group PLC’. Challenger Energy will in the near-term focus on cashflow and production whilst managing a cost cutting initiative to reduce its operational cost by at least 20% to 30%. Eytan Uliel, currently commercial director, will become the company’s new chief executive and Simon Potter is to transition to a non-executive director role, effective from May 20. ....
ADM Energy inks collaboration deals for Barracuda field “These agreements are important steps in ensuring we are ready to deliver on our drilling plans later in the year, said chief executive Osamede Okhomina. ADM Energy PLC (LON:ADME) has inked agreements with two service providers which are set to collaborate in the future development of the Barracuda field. The agreements are with OES Energy Services Ltd, which is Nigeria s largest swamp rig services provider, and, contractor 4Mation Drilling Services. ADM said the plan is to explore opportunities to develop Barracuda with OES providing swamp rigs and 4Mation providing project management services including well engineering services and technical personnel. ....
DGAP-News: ADM Energy PLC: Barracuda Field Collaboration Agreement vom 21.04.2021, 08:00 Uhr Bild: pixabay.com ADM Energy PLC: Barracuda Field Collaboration Agreement 21.04.2021 / 08:00 The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 21 April 2021 Barracuda Field Collaboration Agreement ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce it has entered into a non-binding collaboration agreement ( CA ) with OES Energy Services Limited ( OES ), Nigeria s largest swamp rig services provider, and 4Mation Drilling Services Limited ( 4Mation ), a solution provider in th ....
Nigeria: ADM Energy announces Barracuda field collaboration agreement energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.