Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Here we go
Mmmmm
Where from ?
19/07/2023 7:00am
UK Regulatory (RNS & others)
TIDMPPP
RNS Number : 4376G
Pennpetro Energy PLC
19 July 2023
Pennpetro Energy PLC
("PPP" or "Pennpetro")
Completion of transaction to increased interest in oil leases in Gonzales County, Texas
London, 19th July 2 023 - Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, through its 100% subsidiary, Nobel Petroleum USA Inc. (" Nobel "), has now completed the legal processes in Texas to complete the transaction with Millennium PetroCapital Corporation (" Millennium "), as announced on 27 June 2023, to increase its stake in the Whistling Straits 5H well from a 25% working interest ("WI") to a 100% WI with 75% net revenue interest (" NRI ") and to assume operatorship of the well with immediate effect in addition to 2,036.38 acres of oil leases.
Highlights
-- Completion of acquisition of 100% Working Interest and operatorship in Whistling Straits #5H well
-- 100% acquisition of 10 tracts, increasing Gonzales footprint by 2,036.38 acres
-- Giving exclusive rights to 100% WI in two other adjacent developed wellbores (Chalk Talk #1H & #4H)
-- Engineering studies to commence to bring back on the City of Gonzales #1 well which Pennpetro drilling in 2018 and shut-in in 2020
-- Company fully funded to bring all wells into near-term production
Tom Evans, Pennpetro Energy 's CEO said:
"Pennpetro has fortuitously gone from having a minority interest in just the Whistling Straights #5 well, to now having operatorship and a 100% interest in four (4) potential oil production wells in Gonzales County in Texas. This is a big game changer for the Company."
"Yesterday we completed the legal transfer of the oil assets in Texas with Millennium, giving Pennpetro the operatorship of the Whistling Straits #5H well and access to 100% working interest in two nearby oil wells. Over the coming weeks and months, the Company will be working with its management and consultants to bringing the Chalk Talk #1H and #4H wells back online, flow testing the Whistling straits 5H well and potentially bring back online the 100% owned City of Gonzales #1 (COG #1) well that Pennpetro was forced to shut in over the Covid period."
"Chalk Talk wells initial production rates ranged from 100-400 barrels of oil per day, so we are optimistic that we could see the Chalk Talk # 1 H and # 4 H wells providing PPP with some good oil production numbers in future. The recent placings have also brought forward the possibility of us putting our COG #1H well back into production since it was shut-in over the Covid period . "
"As we previously reported, Millennium, the previous Operator of Whistling Straights #5H well unsuccessfully installed a jet pump to clean up the well and until now has yet to recover all the load water used during drilling and completion, from the well. Our plans are to change to an
That’s a fair punt by someone
Over 2bn traded today
Churn done ?
You have assumed if they need cash they ll raise via a placing.
With the GSA agreed and signed they can raise finance elsewhere
Those trades will have been working through in the background for days.
Yea someone has taken 800m shares ! proper punt that
We have a very similar market cap to UJO and they are producing roughly 1m dollars per month in revenue from Wressle.
Quality will shine through and both will re rate in time
Https://www.voxmarkets.co.uk/rns/announcement/0bbb4af3-9059-4c19-821f-eca33cc21029/
PO valley confirmed overnight
Operator RNS overnight below confirming -
Gas plant completed ✅
Connection to national grid completed ✅
1st Gas & Commencement of BP off take agreement due this month ✅
Final Ops, Safety sign off & Mase approval this month ✍️
Definitely worth the wait
Farmout update
Union Jack Oil PLC West Newton Community Liaison Update
23/09/2022 7:00am
UK Regulatory (RNS & others)
Union Jack Oil (LSE:UJO)
Intraday Stock Chart
Friday 23 September 2022
Click Here for more Union Jack Oil Charts.
TIDMUJO
RNS Number : 3647A
Union Jack Oil PLC
23 September 2022
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
23 September 2022
Union Jack Oil plc
("Union Jack" or the "Company")
West Newton Community Liaison Update
Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company note t he West Newton Community and PEDL183 update presented to the West Newton Community Liason Group by Rathlin Energy (UK) Limited ("Rathlin") on 23 September 2022, of which the full wording is presented below.
"Engineering Update
Over the last number of months, data collected during the course of drilling the West Newton wells, which include core and oil and gas samples, wireline log and well test data, have been analysed by third party laboratories, CoreLab and Applied Petroleum Technology (UK) Ltd ("APT") and an engineering firm RPS Group Limited ("RPS"). The results from these analyses, in conjunction with internal evaluations, have been very helpful in informing Rathlin's upcoming programme of work.
Laboratory analyses have determined that the formation is very sensitive to aqueous fluids and that previous drilling of the West Newton wells with water-based mud has created near wellbore damage in the Kirkham Abbey reservoir, through the creation of very fine rock fragments while drilling that potentially plug up the natural porosity and permeability of the reservoir and have a detrimental effect on its ability to flow. Further analyses have determined that the use of dilute water-based acids during well testing will also have adversely affected the flow characteristics of the Kirkham Abbey reservoir.
These same tests demonstrate that by drilling the Kirkham Abbey reservoir with an oil-based drilling fluid, damage to the oil and gas reservoir can be minimised.
To that end, Rathlin has made applications to the Environment Agency for use of oil-based drilling fluids within the oil and gas bearing Permian section, for both the West Newton A and B sites. Oil based drilling fluids are included in the Standard Rules permit, which has been applied for at West Newton B site, whereas the current variation to the West Newton A site permit has been adapted to include oil-based muds in the same manner as in the Standard Rules permit. Determination of these permits are pending.
Analyses by ATP, of numerous oil and gas samples recovered from the West Newton wells during testing to date, along with evaluation
cant even by 10 shares on Halifax £2.80 worth
can sell 200k no problem tho........
Mms short of stock or waiting on news ?
RNS Number : 5321Q
Union Jack Oil PLC
29 June 2022
29 June 2022
Union Jack Oil plc
("Union Jack" or the "Company")
Capital Reduction Update
Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that following the passing of a special resolution of the Company at its Annual General Meeting on 23 June 2022, the Company is now pursuing a reduction of capital exercise through the court procedure ("Capital Reduction").
The Capital Reduction involves an application to the High Court of Justice, followed by two court hearings, where the Courts will consider whether any creditors will be prejudiced by the Capital Reduction.
Once the Capital Reduction is complete and a positive result obtained, the Company will issue a further announcement outlining details of a share buy back scheme or the payment of a maiden dividend.
Looks like a sell to me….. could be wrong though
35% UP
This is run is long overdue
Well done LTH
fantastic RNS
its all coming together
"By a dodgy Director that might have in the past been considered guilty of leaking inside information, nah sure its fine, invest away!!"
So you think DB leaked inside information ?