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Independent oil and gas company Enegi Oil has obtained the requisite 3D data for its Phoenix Block in the UK North Sea. In an update issued on Friday, the AIM-listed company reported that it had obtained 250 sq km of 3D data processed to pre-stack time migration (PSTM) and post-stack time migration
Read moreIndependent oil and gas company Enegi has announced that it has reached an agreement to potentially farm out part of block 22/12b in the UK North Sea to Azimuth, a group with which Enegi has an existing relationship. The block, which is currently 100% owned by Enegi and ABTechnology, contains the
Read moreIndependent oil and gas company Enegi has reached an agreement to potentially farm-out to part of block 3/23 in the UK North Sea to Azimuth, an exploration and production company based in Bermuda. Under the agreement Azimuth will earn a 50% interest in the exploration area, which contains the Malv
Read moreEnegi, an independent oil and gas company, has welcomed an announcement by Shoal Point Energy on Monday, in which it detailed its farm-out agreement with Black Spruce and the programme under that agreement for EL1070 in which Enegi holds a 100 per cent interest. According to the agreement, Black S
Read moreCanada and Ireland-focused oil and gas group Enegi Oil says that field studies on areas of interest within the Clare Basin in Southern Ireland have been 'extremely encouraging' and indicated higher-than-expected prospectively. Further testing is ongoing. The firm also announced that it has appointe
Read moreValiant Petroleum, an AIM-listed company which operates in the North Sea, has begun drilling on the Tryfan prospect, which has gross prospective resources estimated internally by Valiant of 24m barrels of oil equivalent (mmboe), of which eight million are net to Valiant. Drilling on the well, which
Read moreEnegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte
Read moreEnegi Oil is nearing completion of the workover on the PAP 1 well, where data has indicated that the well can be flowed on a continuous basis. The firm has also signed an agreement with Advanced Buoy Technology to apply for licenses in the UK North Sea under the 27th Seaward Licensing round organise
Read moreSpeedy Hire, the UK's largest provider of tools and equipment for hire, said group underlying revenues for the third quarter were up 7.6% against the prior year, in line with the board's expectations. The firm, which is opening three new superstores, said that because of the weather the initial spee
Read moreHambledon Mining announced that the European Bank for Reconstruction and Development (EBRD) has posted a Project Summary Document relating to a potential $15m debt facility along with an equity investment of $3m for Hambledon to develop the Sekisovskoye underground mining operation and other group p
Read moreEnegi Oil has leapt 18% in early trading on news it has received permission to complete a work-over programme on its PAP#1 well in western Newfoundland. The news comes after a long-running dispute with its previous partner on the project. The firm says any financing needed for the work-over will be
Read moreStrength in the share price of Lo-Q has not deterred chairman John Weston from upping his stake in the theme park queuing technology group. He took three slices of shares, 10,000 at 185p, 9,500 at 191p and another 10,000 at 192p. Following the purchases, which all in all set him back about £55,000,
Read moreAIM-listed Enegi Oil has issued an upbeat assessment of its Canadian oil operations. In an operational update the company says it has ended a "farm-in" agreement with Fire Horse Energy to enable it to directly control "workover" activities. Essentially these are activities to improve the efficien
Read moreEnegi Oil says the pressure results from the ongoing chemical soak at its PaP#1 Garden Hill South (GHS) well in Newfoundland are "positive". A second chemical soak is planned to improve connectivity even further. Chemicals and acid will be injected down the wellbore at a significantly higher pressu
Read moreShares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
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