---
title: "Share Talk Weekly Energy Sector News Round-Up, Sunday 28th April 2024"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-04-28T11:01:07+00:00"
modified: "2024-04-28T11:13:22+00:00"
date: 2024-04-28
canonical: "https://www.share-talk.com/share-talk-weekly-energy-sector-news-round-up-sunday-28th-april-2024/"
category: "Energy"
categories: ["Energy", "Oil and Gas", "Weekly Energy Sector"]
tags: ["88 Energy", "Baron Oil", "Europa Oil & Gas", "Helix Exploration", "i3 Energy", "Sintana Energy", "Synergia Energy", "Touchstone Exploration", "Union Jack Oil", "Zephyr Energy"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/OIL-GAS-1.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Share Talk Weekly Energy Sector News Round-Up, Sunday 28th April 2024

**Published:** April 28, 2024
**Author:** sharetalk
**Categories:** Energy, Oil and Gas, Weekly Energy Sector
**Tags:** 88 Energy, Baron Oil, Europa Oil & Gas, Helix Exploration, i3 Energy, Sintana Energy, Synergia Energy, Touchstone Exploration, Union Jack Oil, Zephyr Energy
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/OIL-GAS-1.jpg?fit=1200%2C800&quality=89&ssl=1)

---

**i3 Energy PLC (listed on AIM: I3E, TSX: ITE, OTC: ITEEF)** has revealed its financial commitments and production outlook for 2024. The company plans to invest US$50.9 million in drilling 15 new wells across its Canadian operations. This capital infusion is projected to increase daily production to between 20,250 and 21,250 barrels of oil equivalent by the end of the year.

https://twitter.com/Share_Talk/status/1783791242934898788

**Zephyr Energy PLC (AIM: ZPHR, OTCQB: ZPHRF)** has initiated its primary drilling operation at the State 36-2 LNW-CC-R well, part of the Paradox Basin project in Utah. This well is intended to penetrate the Cane Creek reservoir and is expected to achieve a total depth of 10,362 feet.

https://twitter.com/Share_Talk/status/1784259583915028883

 

**88 Energy Ltd (AIM:88E, ASX:88E, OTC: EEENF)** has announced the successful completion of a placing to raise £5.23 million (A$9.9 million). The newly raised funds will be used to issue 3.29 billion shares at A$0.003 each.

**Sintana Energy Inc (TSX-V: SEI, OTCQB: SEUSF)** has acquired a significant interest in the PEL 79 licence block in the Orange basin, Namibia, near the significant Mopane discovery. The company holds approximately 5% interest in Mopane, operated by Galp, which has been declared a major commercial find.

https://twitter.com/Share_Talk/status/1783419436252144109

**Helix Exploration PLC (AIM: HEX)** has contracted Treasure State Drilling for an upcoming appraisal drilling program in Montana, employing the Cardwell KB-150 D1D drilling rig for the third quarter.

**Baron Oil PLC (AIM: BOIL)** has announced executive changes aimed at strengthening its management team led by recently appointed CEO Andy Butler, who emphasized the board’s commitment to enhancing shareholder value and maintaining robust governance and transparency.

https://twitter.com/Share_Talk/status/1783391783403045033

**88 Energy Ltd** has launched an equity raise of up to A$9.8 million, managed by brokers Cavendish and EurozHartleys, with shares priced at 0.3 Australian cents. The proceeds will support the ongoing development of its core projects.

**Union Jack Oil PLC (AIM: UJO, OTCQB: UJOGF)** has confirmed Craig Howie as an independent non-executive director starting 22 April 2024, coinciding with the upcoming retirement of non-executive director Raymond Godson in June.

**Touchstone Exploration Inc (AIM: TXP, TSX: TXP, OTC: PBEGF)** has finalized an extension to its lending facilities, increasing its non-revolving term loan capacity by $10 million and boosting the revolving loan facility by $3 million to $10 million.

https://twitter.com/Share_Talk/status/1782685435556151581

**Europa Oil & Gas (Holdings) PLC (AIM: EOG)** has released an updated environmental report for its Inishkea West offshore gas project in Ireland. The study highlights the environmental advantages of producing gas domestically from Inishkea, compared to importing gas.

---

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