Tlou Energy Limited (AIM:TLOU, ASX:TOU, BSE:TLOU) has signed Heads of Agreement (HOA) with Aussie group Synergen Met for a hydrogen conversion plant at Lesedi in Botswana. The company also said negotiations over a 10MW power purchase agreement with Botswana Power Corporation and securing funding for the Lesedi project “have significantly advanced”.
Eco (Atlantic) Oil & Gas Ltd said it made significant strides in the financial year just ended. The oil and gas exploration company has made progress at its high-value assets in Namibia and Guyana and is committed to achieving exploration success at the sites, according to its results statement covering the year to the end of March.
ADM Energy PLC (AIM:ADME), a West-Africa focused natural resources investor, said non-executive chairman Peter Francis will step down for personal reasons on August 2 and that Oliver Andrews will take over the role on the same date.
i3 Energy PLC completed operations for two new wells in the Marten Hills project, Canada, which are now in production, with a clean-up process presently underway.
Europa Oil & Gas (Holdings) PLC told investors the proppant squeeze operation on the Ashover Grit reservoir interval in the Wressle-1 well in North Lincolnshire has been completed safely and successfully.
Zephyr Energy PLC said seven wells it has interests in at the Williston Basin project in North Dakota are now in production. The group also said it is advancing the State 16-2LN-CC well in-line with expectations, with operations in Utah’s Paradox basin now progressing in the horizontal section of the well.
Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYF) updated investors on operations at Tawke PSC, in Kurdistan, where combined production from the Tawke and Peshkabir oil fields averaged 110,300 barrels of oil per day in the second quarter. The firm also said it received a batch of payments from the Kurdistan Regional Government for oil sales made in May.
United Oil & Gas PLC (AIM:UOG, FRA:1UO) agreed to sell its UK North Sea assets to Quattro Energy Limited for £3.2mln, with £2mln paid in cash up front. Chief executive Brian Larkin also highlighted exceptional operational and financial success in the first half of 2021.
Block Energy PLC (AIM:BLOE, FRA:BE9) updated investors on the WR-B1 well in Georgia, saying drilling operations continue on target and as planned.
Challenger Energy Group PLC (AIM:CEG) told investors the Saffron-2 well in Trinidad and Tobago is now on clean-up ahead of well testing.
TomCo Energy PLC (AIM:TOM, FRA:NI41) said that joint venture firm Greenfield Energy has received the final FEED (Front-End Engineering and Design) study for production facilities for the proposed project in Utah.
88 Energy Ltd (AIM:88E, ASX:88E) said it is looking forward to sharing the final aggregate Merlin-1 well results with shareholders, once the outstanding analysis is complete.
Canadian Overseas Petroleum Ltd (LSE:COPL, CSE:XOP, FRA:V9LA, OTC:VELXF) told investors that production is up around 50% currently, as it filed first-quarter results.