TransGlobe Energy Corporation has programmed the sum of $57.7MM for its 2022 capital program (before capitalized G&A) this includes $33.1MM for Egypt and $24.6MM for Canada. The 2022 Plan was prepared to focus on value accretive projects within the Company’s portfolio, maximize free cash flow to direct at future value growth opportunities, to increase the Company’s […]

Zenith Energyan international independent oil & gas company with production, exploration and development assets in Africa and Italy, has agreed an extension to the Option Agreement with Noble Hill-Network Limited (NHNL), announced on November 29, 2021, for the purchase of a 42% (forty-two percent) interest in the share capital of NHNL. NHNL is a private […]

Pharos Energy plc, an oil and gas exploration and production company, issues the following trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2021. This is in advance of the Company’s Preliminary Results on 16 March 2022. The information contained herein […]

Barely a year after The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), […]

Chariot the Africa focused transitional energy company has announced the completion of the successful gas drilling operations, on the Anchois gas project within the Lixuslicence, offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbureset des Mines (“ONHYM”) which holds a 25% interest. Anchois-1, the original discovery well was drilled […]

Panoro Energy and PetroNor have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje. The amended long stop date to complete the Transaction is now 31 January 2022 to make allowance for the process of obtaining statutory […]

Transglobe Energy has continued to use the EDC-64 rig in its Eastern Desert drilling campaign, managing to drill and case three additional development wells in K-Field and H-Field during the quarter. Eastern Desert (100% WI) K-66 was drilled to a total depth of 1,809 meters, encountering good gas and oil shows in the Asl-A, Asl-B, […]

SDX Energy has announced the completion of drilling at the MSD-21 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-21 encountered the primary top Asl Formation reservoir at 4,040ft MD (-3,251ft TVDSS) and reached a total depth of 4,740ft. The well encountered 62.3ft of good-quality, net […]

InvictusEnergy has disclosed a Placement of $3.5m and Share Purchase Plan SPP of up to $2m to raise a total aggregate amount of up to $5.5m . The Placement & SPP participants are to receive attaching option on a 1-for-2 basis, exercise price of $0.14 & 3-year term, The company also disclosed a 2-Well Drilling […]

Sound Energy, the energy transition company, has disclosed the entry of binding conditional agreements in respect of a US$18 million Phase 1 Tendrara LNG Development loan note financing and that, with the other remaining conditions precedent to the Phase 1 LNG gas sales agreement announced by the Company on 29 July 2021 (LNG GSA) now […]