Providence to Operate Avalon as Total Exits
As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect, located offshore Ireland.FEL 2/19 is located in the southern Porcupine Basin…
Further Delay in Barryroe Project Loan
Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.The loan from Barryroe's Chinese backer was due by June 14. It is now due to be received in July 5…
Europa Oil & Gas wins 4 LOs in Ireland Round
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, has been offered four new Licensing Options (‘LOs’) as part of phase two of the 2015 Atlantic Ireland round in the southern Porcupine Basin, the Padraig Basin and the Slyne Trough.
San Leon Energy Operations Update
San Leon Energy plc the AIM listed company focused on oil and gas exploration in Europe and North Africa, provides an operational update across a number of its assets. The second well in the 3-well programme, Gierałtowice on the Bielsko-Biała concession in Karpaty, has now been completed and tested and is being plugged and abandoned.
San Leon Release Interim Results for 1H 2014
San Leon Energy Plc, the AIM listed company focused on oil and gas exploration in Europe and North Africa today announces its interim results for the six months ended 30 June 2014. *Most successful vertical shale frac in Europe to date on the Lewino-1G2 well, and consequent planning of a horizontal multi-frac well and partnering discussions.
Ireland to Raise Future Oil Production Taxes
Ireland plans to increase the marginal tax rate on oil and gas production in its unproven waters to up to 55 percent from 40 percent, the country's energy minister said on Wednesday. Hopes that oil production could generate revenue for a debt-laden government, as well as a path towards energy independence…
