Deltic Energy PLC (AIM:DELT, FRA:7RC) said a seismic exploration programme is set to kick off in its North Sea acreage, which was the subject of a farm-out to Cairn Energy recently. ION Geophysical, the contractor for the programme, has now mobilised its vessel to the site and it expects to start the survey on Saturday. The programme is expected to run for six to seven weeks, with processed data due by mid-2022.
The 3D seismic programme is on Licence P2428 and its surrounding areas, with data set to be captured for a total area of around 700 square kilometres. It is targeting the Plymouth Zechstein Reef prospect.
Zephyr Energy Plc agreed further investments in the Williston Basin, North Dakota and announced plans to increase its working interests through a deal with Purified Resource Partners (PRP).
The Rocky Mountain oil and gas company already holds minority interests in seven non-operated production wells in the Williston Basin and has expanded the portfolio through two additional acquisitions. In total, it gains stakes in 15 additional wells which by the end of March 2022 are expected to yield around 200 to 300 barrels of oil per day to Zephyr.
Chariot Ltd (AIM:CHAR, OTC:OIGLF, FRA:C62) signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
Drilling operations are anticipated to commence in December 2021 and are expected to take up to approximately 40 days. Stena Don is a semi-submersible rig, suitable for drilling, completion, and workover operations.
The objectives of the drilling are to unlock the development of the discovered sands by confirming the gas resource volumes, reservoir quality and well productivity, to provide a future production well for the development of the field, and potentially to deepen the well with the aim of establishing a larger resource base for longer term growth.
United Oil & Gas PLC (AIM:UOG, FRA:1UO) advanced its deal to sell its North Sea licences, signing a binding agreement with Quattro Energy. The deal, announced initially in August, sees United sell a pair of North Sea licences (P2480 and P2519) for up to US$3.2mln, comprising US$2mln of cash upfront and a contingent ‘uplift’ payment of US$1.2mln subject to a project having a field development approved by the UK’s Oil & Gas Authority (OGA).
The transaction is now subject to OGA approval and it is anticipated it will close in the fourth quarter of 2021.
San Leon Energy PLC (AIM:SLE, AQSE:SLE, FRA:SZX1, OTC:SLGYF) told investors that talks over a potential transaction to restructure its interests in OML 18 are ongoing. A payment waiver agreed in July relating to San Leon owned debt has now expired, though the company noted that it is discussing a new extension to the waiver.
Whilst talks are ongoing, the company provided the customary cautionary note that there can be no certainty that the potential transaction will proceed.
Challenger Energy Group PLC (AIM:CEG) received a key certification from the Trinidad and Tobago authorities. It has been awarded the STOW-TT (Safe to Work in Trinidad & Tobago) certification from the government, confirming compliance with Health, Safety and Environmental standards.