Today’s interim results statement from Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) charts a period of change for the micro-cap firm.
At the top, Nostra Terra appointed Paul Welch as its new chief executive, replacing founder Matt Lofgran.
Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) has confirmed that its previously agreed acquisition of Trinidad oil and gas peer Trinity Exploration & Production PLC (AIM:TRIN) will now lapse on 25 September.
Having agreed the acquisition and received support of Trinity shareholders, a subsequent alternative proposal to buy Trinity is expected to proceed.
Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF) chief executive Andrew Benitz, in today’s interim results statement, highlighted February's farm-out to Serica Energy as testament to the quality of the GBA asset, a project the AIM-quoted firm nurtured from inception.
It added to a prior deal with NEO Energy and ensured Jersey was fully funded for its remaining 20% interest in the Buchan development project.
HeLIX Exploration PLC (AIM:HEX) has contracted a rig to deepen the Clink-1 well, which has observed helium and hydrogen gas shows in the Amsden, Charles, and Flathead formations.
Clink-1, at the Ingomar project in Montana, was earlier this month suspended at a depth of 8,030 feet in the Flathead formation amidst elevated gas readings.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has unveiled a significant update to the contingent resources at Project Phoenix, in Alaska, which is now seen to host some 378 million barrels of gross 2C contingent resources.
The new estimate, provided by independent consultant ERCE, increased the contingent resources in the multi-reservoir project’s SMD-B and SFS zones by more than 50% - adding 128 million barrels to the gross tally.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has denied it is raising new capital via an equity raise.
Responding to market speculation, in a statement, Zephyr said it has no plans to conduct an equity fundraise and is not currently undertaking any such action.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has submitted an application for a mining licence in Tanzania for the southern Rukwa helium project.
The application was submitted to the Tanzanian Ministry of Minerals and Mining Commission and includes a detailed feasibility study covering subsurface modeling and a commercial development plan.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) shares were in favour on Monday after the company’s Wressle field, in Lincolnshire, onshore UK, secured planning permission in order to expand operations.
It will allow production to be enhanced, by new wells, and also allows gas to be handled, and commercialised.
BP PLC (LSE:BP.) has sold a 20% stake in its trans-Adriatic pipeline business to private equity group Apollo and put its US onshore wind energy business up for sale.
BP said the sale of the stake to Apollo would "unlock near-term value and capital for efficient reallocation".
Predator Oil & Gas Holdings PLC (LSE:PRD) has announced a reorganisation of its leadership, with executive chair Paul Griffiths now becoming chief executive.
It comes as Lonny Baumgardner is leaving the company due to a change of personal circumstances. He is stepping down from his position as managing director.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced the appointment of Philip Patman as its new chief financial officer.
The appointment sees the CFO role relocated to Houston, with the move coming as the Alaska-focussed oil and gas junior advances it intended plan to add a listing of its shares in the US, subject to market conditions.
Europa Oil & Gas (Holdings) Plc (AIM:EOG) chief executive Will Holland welcomed the approval of planning permission for the firm’s part-owned Wressle project in Lincolnshire.
It is now approved to advance plans for two additional wells and construct gas processing facilities, which will allow the field to connect to the local gas distribution network.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) part-owned Wressle field in Lincolnshire has received planning permission for requested additional development of the well site.
It will allow the drilling of two new wells along with the construction of gas processing facilities and the installation of an underground pipeline to connect the site to the local gas distribution network.
Mosman Oil and Gas Ltd (AIM:MSMN) has successfully raised £1.485 million through the issuance of new shares, priced at 0.035 pence per share.
The capital will be used to advance identified helium projects and provide additional working capital.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has concluded its drilling campaign at the Anchois-3 well, located within the Lixus Offshore license off the coast of Morocco.
The well, drilled by the Stena Forth drillship, reached a total depth of 3,045 meters in 349 meters of water.