Nautical Petroleum acquires 25% stake in North Sea acreage
Nautical Petroleum (LON: NPE) has entered into an agreement with First Oil Expro Ltd to acquire a 25% interest in UK Petroleum Exploration and Development Licence P1756, North Sea Block 3/27a, which contains the Hydra prospect.
Nautical Petroleum sells 25% of Kraken to EnQuest
Exploration and production group Nautical Petroleum (LON:NPE) has agreed to sell a 25% interest in its Kraken field in the North Sea to EnQuest (LON:ENQ).
Nautical Petroleum and Egdon Resources agree licence deal
Nautical Petroleum (LON:NPE) has agreed a deal with fellow E&P company Egdon Resources (LON:EDR) to acquire 15% interests in onshore UK Petroleum Exploration and Development Licences (PEDL) 118 and 203 located in Nottinghamshire.
EnCore Oil begins drilling Tudor Rose prospect in North Sea
EnCore Oil (LON: EO.) has begun drilling a well on the Tudor Rose prospect in the Central North Sea.
Nautical Petroleum cheers “exceptional” test results from Kraken well
Nautical Petroleum (LON:NPE) has successfully completed its Kraken 9/02b-5Z horizontal well in North Sea Block 9/2b, with flow tests achieving rates of up to 4,550 barrels of oil per day.
Oil & Gas Round-Up
Despite the horrible markets, companies in the SmallCapNews universe still managed to knock out some good well results and other bits and bobs of news to keep us interested.
