James Moore's posts

UK juniors welcome in spudding of Colter well (BOIL, UOG, ADL, RBD)

UK juniors welcome in spudding of Colter well (BOIL, UOG, ADL, RBD)

Several UK oil and gas firms welcomed in the spudding of the highly-anticipated Colter well in the Wessex Basin on Wednesday morning. Corallian Energy, operator of the licence containing Colter, announced that drilling had begun earlier in the day. Drilling is...

VR firm Immotion sinks after unveiling £3m growth placing (IMMO)

VR firm Immotion sinks after unveiling £3m growth placing (IMMO)

Immotion Group (LSE:IMMO) dropped 16.4pc to 6.8p on Tuesday morning after launching a £3m placing. At 6p per share, the raise takes place at a significant discount to the 10p per share the virtual reality player entered the market at last July. The money will be used...

Genel increases Taq Taq field output with TT-32 well (GENL)

Genel increases Taq Taq field output with TT-32 well (GENL)

Genel Energy (LSE:GENL) was up 4pc to 192p on Monday after announcing production increases from its Taq Taq field. Genel is joint operator and holds a 44% working interest in the asset. The recently drilled TT-32 well has now entered production and is contributing at...

Amerisur Resources spuds Calao-1X well on CPO-5 block (AMER)

Amerisur Resources spuds Calao-1X well on CPO-5 block (AMER)

Monday saw Amerisur Resources (LSE:AMER) announce the spudding of the Calao-1X well at its 30pc-owned CPO-5 block. Calao-1X forms one of four additional wells that the business plans to drill at the Indico pad, where it is targeting 49.3 million barrels of oil (MMbo)....

Ophir accepts Medco’s 55p per share takeover offer (OPHR)

Ophir accepts Medco’s 55p per share takeover offer (OPHR)

Ophir Energy (LSE:OPHR) has received a firm cash offer of 55p per share from Medco Energi Global.  The offer values the entire share capital at £390.6m and is an improvement on Medco’s rejected proposal of 48.5p per share earlier this month. Investors who...

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