Windfall tax blamed for collapse of United-Quattro North Sea licence deal
United Oil & Gas (LON: UOG) has terminated an asset purchase agreement with Quattro Energy for the conditional sale of a North Sea licence.
United Oil and Gas
United Oil and Gas to sell Maria discovery license
United Oil and Gas (LON: UOG) has entered into a binding asset purchase agreement with Quattro Energy for the conditional sale of the UK Central North Sea Licence containing the Maria discovery.
Quattro acquires Maria licence in new deal with United
United Oil and Gas announced it had signed a binding purchase agreement with Quattro Energy for Licence P2519, nearly a year after it called off a similar deal due to financing delays.
North Sea discovery gets multi-million barrel upgrade
According to a recent contingent resources audit conducted by Gaffney, Cline and Associates, the Maria discovery in the North Sea has been found to hold up to 17.7 million barrels of oil and gas.
Stockbrokers put £33.5 million valuation on UK North Sea discovery
Stockbrokers have placed a £33.5 million valuation on an oil discovery in the Central North Sea.
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Multimillion-dollar deal struck to settle dispute on North Sea discovery
A multimillion-dollar deal has been struck to end a dispute over a North Sea oil and gas discovery.
Crown licence caught in North Sea legal wrangle
Legal discussions over the Crown field continue, following the termination of the licence by Hibiscus Petroleum in September.
United calls off sale of CNS assets to Quattro Energy
United Oil & Gas has cancelled its planned sale of a brace of central North Sea assets, after buyer Quattro Energy failed to meet extended deadlines for fundraising.
United ends 2021 drilling campaign on a high
United Oil and Gas has made another commercial discovery on its Abu Sennan licence, in Egypt.
Another delay to £3.2m United – Quattro Energy North Sea deal
United Oil and Gas and Quattro Energy have once again pushed the completion date for a £3.2million North Sea deal.
United and Quattro target Q4 completion of North Sea sale
United Oil and Gas and newcomer Quattro Energy have entered a binding sale and purchase agreement for two licences in the Central North Sea.
Updated: New North Sea firm co-founded by industry stalwart clinches maiden acquisition
North Sea stalwart Neill Carson is celebrating a maiden acquisition at Quattro Energy – the fourth oil and gas vehicle he has co-founded.
Abu Sennan drilling programme kicks off
Kuwait Energy Egypt has begun drilling the ASH-3 well, in Egypt’s Abu Sennan licence, with work expected to take around 60 days.
Anasuria Hibiscus targets March sanction for Marigold project
Anasuria Hibiscus is planning to sanction its Marigold development in the North Sea around March next year.
ASH success underscores United’s Egypt move
United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Corallian to focus on Colter South after main target disappoints
Corallian Energy and partners will focus on the Colter South discovery off Bournemouth after their main target to the north disappointed.
United’s Crown interest valued at £15million following Hibiscus deal
An analyst has put a valuation of up to £15million on United Oil and Gas’ (UOG) interest in the Crown discovery following a deal for two adjacent North Sea blocks.
United to ‘drive forward’ North Sea licences
United Oil and Gas (UOG) has said it wants to “drive forward” its North Sea prospects, including the 16million-barrel Crown discovery.
United awarded North Sea block containing 16m barrel Crown discovery
United Oil and Gas is celebrating the award of two North Sea blocks, one of which includes a discovery containing up to 16 million barrels of oil.
United farms into Tullow’s Jamaican licence
United Oil and Gas has completed the purchase of 20% of the Walton-Morant Licence, offshore Jamaica from Tullow Oil.
United agree UK asset oil and gas farm out deal with Corallian
A farm out agreement has been reached between United Oil and Gas (UOG) and Corallian Energy Limited for a percentage of the company’s UK oil and gas assets.