Ithaca Energy Inc. has agreed to acquire a 100% stake and operatorship of License P1588 (Block 30/1f) in Greater Stella area, UK central North Sea, from ENGIE E&P UK Limited, Ineos UK Sns Limited, and Maersk Oil North Sea Limited.
Ithaca Energy simultaneously signed an agreement with ENGIE E&P to acquire an additional 75% stake and operatorship of License P1823 (Block 30/13b) in Greater Stella Area hub.
The net proven and probable reserves of License P1588 are estimated at 4mmboe. The deal is scheduled for completion in the second half of 2016.
Canacol Energy Ltd. has raised $30.24m through the issuance of 9,687,670 common shares in a private placement. Priced at $3.12 each, the shares will be issued subject to a four-month hold period, which will expire on 2 December 2016.
The placement has been subscribed to by Cavengas Holdings S.R.L. as well as new and existing long term strategic investors.
The amount raised from the placement is intended to be used by Canacol to fund additional exploration and production activities to be performed in Colombia in the second half of 2016.
Cobalt International Energy Angola Ltd. (Cobalt Angola) plans to dispose 40% stake in deepwater blocks 20/11 (Block 20) and 21/09 (Block 21) located in Kwanza Basin, offshore Angola.
The Block 20 and 21 extend across an area of 4,899km² and 4,900km² respectively. The potential recoverable oil resources of the blocks are estimated at 700 and 500 billion barrels of oil respectively.