UK Oil & Gas (UKOG) has executed a conditional binding term sheet with LSE main board listed Pennpetro Energy whereby Pennpetro will farm-in to the Horse Hill oil field on an incremental production basis via funding the acquisition of 3D seismic and the drilling of the next infill production well.
Maha Energy AB (Publ) (“Maha”), through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC (“Mafraq Energy”) have entered into a.
Maha Energy and Mafraq Energy have entered into a Joint Operating Agreement ( JOA ) for Block 70 in Oman. Maha has assigned a 35% work interest to Mafraq Energy, while retaining a 65% interest.