Fresh loan from Reabold gives Corallian a shot at Victory
London-listed upstream investor Reabold Resources has agreed to loan North Sea oil firm Corallian Energy £1 million, subject to shareholder approvals.
Corallian
Corallian tempts ‘large E&P’ firm with Moray Firth licence
UK firm Corallian has entered into an exclusivity period with a “large European E&P company” which is interest in its 174 million barrel Dunrobin prospect.
UK exploration up but success rate ‘falls off a cliff’
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
New wave of UK project sanctions out to 2022, Rystad predicts
The UK offshore scene is poised for a timely comeback, according to energy consultancy Rystad.
Fraser Well Management picked for North Sea appraisal job
Corallian Energy has hired Fraser Well Management (FWM) as operator for its Curlew-A appraisal drilling job in the central North Sea.
Corallian starts survey on Curlew-A offshore UK
The rig site survey has begun on Corallian Energy's Curlew-A field in the central North Sea.
Talon ‘confident’ of securing partners for North Sea prospects
Australian oil firm Talon Petroleum said today that it had completed the acquisition of EnCounter Oil.
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.
Corallian hits oil at Colter South after missing intended target
Corallian Energy's appraisal well on the Colter field missed its original target, but made an oil discovery anyway.
Rig mobilised for Moray Firth exploration well
A rig is on its way to the Moray Firth to drill Corallian Energy's Wick exploration well.
Corallian raises £1m for North Sea appraisal well
Corallian Energy has raised almost £1 million to help pay for the Curlew-A appraisal well.
Corallian on course for Wick exploration well next month
Corallian Energy said today that the UK Government had looked favourably upon its plans for two offshore exploration wells.
Australia’s Talon Petroleum dives in for North Sea stake
Australian oil firm Talon Petroleum will buy 10% of a North Sea field from Corallian Energy.
Corallian books Ensco 72 for Wick well
Corallian Energy has booked the Ensco-72 jack-up drilling rig for its Wick and Colter wells.
Site survey puts Wick partners on path to exploration well in Q4
A rig site survey over the proposed location of the Wick well has been completed, project partners said.
Wick partners take ‘important step’ toward exploration well
Partners behind the Wick oil field project in the Moray Firth said today that they had taken a major step towards drilling an exploration well.
Corallian’s Oulton field can deliver up to 31m barrels
Corallian Energy's Oulton field in the UK North Sea could yield more than 10 million barrels of oil.
OGA approves pair of Wick prospect farm-ins
The Oil and Gas Authority has approved two farm-in deals on a licence in the Moray Firth.
Baron Oil firms up Wick prospect deal
Baron Oil has firmed up its deal with Corallian Energy to acquire 15% of the Wick Prospect in the Moray Firth.
Baron to farm into Wick licence in North Sea
London-headquartered Baron Oil said today it had come to an “option agreement” to buy part of the Wick prospect in the Moray Firth.
Big step forward in Wick field development, Upland says
Upland Resources said today that a bid to drill a well off the north-east of Scotland has taken a big step forward.
InfraStrata sells assets as unpaid debts take toll
InfraStrata has confirmed a company structure shake-up as it divests the majority its exploration-based assets in a bid to refocus on its gas storage project in Northern Ireland.