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News

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United Oil & Gas Advances Jamaica Drilling Readiness as Farm-Out Process Continues

4+ day, 6+ hour ago   (520+ words) United Oil & Gas Plc (AIM: UOG) has commissioned a drilling rig and long-lead equipment study for its Walton-Morant Licence offshore Jamaica, advancing preparations for potential exploration drilling while supporting the company’s ongoing farm-out process. NRG Well Management has been appointed…...

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Empyrean Energy Clears Major Mako Milestone as Indonesian Gas Project Becomes Fully Funded

4+ day, 7+ hour ago   (440+ words) Empyrean Energy plc (AIM: EME) has announced a major milestone for the Mako Gas Field in Indonesia after completing the Nations farm-down transaction, which fully funds development and targets first gas in the fourth quarter of 2027. Conrad Asia Energy and…...

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Malcy’s Blog – Oil price, Reabold Resources, Union Jack Oil, Touchstone Exploration & Finally - Share Talk

4+ day, 22+ hour ago   (897+ words) WTI (Oct) $93.03 +$1.55, Brent (Nov) $97.92 +92c, Diff -$4.89 -63c. USNG (Oct) $2.92 -6c, UKNG (Oct) 196.43p +12.32p, TTF (Oct) €78.915 +€4.76. Oil prices continue to rise, Brent is back over $100 and I for one am not surprised as you will imagine. Escalation, particularly from the Houthis by attacking Saudi towns…...

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80 Mile Agrees Indicative £61.5m All-Share Merger With Greenland Energy

6+ day, 5+ hour ago   (306+ words) 80 Mile PLC (AIM: 80M) has agreed indicative terms for a £61.5 million all-share takeover by Nasdaq-listed Greenland Energy Company, valuing each 80 Mile share at approximately 1.1p. The proposed valuation represents a 46.7% premium to 80 Mile’s closing price immediately before the offer period began. Under…...

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Strategic Minerals Extends Cobre Magnetite Access to 2031

1+ week, 4+ hour ago   (148+ words) Strategic Minerals PLC (AIM: SML) has secured a further two-year extension to its access arrangements for the Cobre magnetite stockpile in New Mexico, extending an important source of internal cash flow through to 31 March 2031. Wholly owned subsidiary Southern Minerals Group…...

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Prospex Energy Reports Record Monthly Revenue

1+ week, 6+ hour ago   (574+ words) Prospex Energy plc (AIM: PXEN) has reported record gross monthly revenue of €795,800 across its portfolio as the company advances development programmes in Italy, Spain and Poland. A key milestone has been reached at the Selva Malvezzi gas field in Italy,…...

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Fulcrum Metals Highlights Seven Strong Uranium Anomalies at Charlot-Neely

1+ week, 7+ hour ago   (353+ words) Fulcrum Metals plc (AIM: FMET) has reported encouraging preliminary results from an airborne geophysical survey at the Charlot-Neely Lake uranium project in northern Saskatchewan, where seven prominent uranium-related radiometric anomalies have been identified. The project forms part of Fulcrum’s approximately…...

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US gas shipped to UK now cheaper than new North Sea supplies

1+ week, 2+ day ago   (858+ words) Producing new North Sea gas now costs around 50% more than importing liquefied natural gas from the United States, according to energy analysts, raising fresh questions over the impact of Britain’s oil and gas windfall tax. Analysis from Thunder Said Energy…...

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Georgina Energy Completes Key Hussar Site Works Ahead of 3,200m Drill Programme

1+ week, 5+ day ago   (15+ words) Share Talk...

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UK Electricity Bills Could Rise £264 as Net Zero and Grid Costs Mount

2+ week, 2+ day ago   (363+ words) UK households could see their annual electricity bills rise by more than £260 by 2030 as the cost of renewable subsidies and upgrading the power grid increasingly feeds through to consumers, according to analysis from Boston Consulting Group. BCG estimates that if…...