Milestones
December 2010
Enovation farms out Handcross Prospect to Valiant Petroleum Ltd for a carry of dry hole well costs.
November 2010
Enovation completes Gulf of Mexico well A-9 ST01 as a producer in West Cameron lease 171.
October 2010
Enovation resumes gas production in the Gulf of Mexico.
February 2010
Neil Ritson appointed as non-executive director of Enovation Resources.
November 2009
Stephen Doyle of Enovation Resources appointed President of SEAPEX.
November 2008
Enovation, through its subsidiary Sussex Energy, is awarded three exploration licenses in the UKCS 25th Licensing Round.
July 2008
Enovation achieves first gas production in the Gulf of Mexico.
March 2008
The company successfully completes its three well drilling program in the Gulf of Mexico and commences work to bring production on stream.
January 2008
Sussex Energy acquires 100% equity in two UK Central North Sea licences, and is accredited as a UK offshore operator.
December 2007
Enovation announces the start of a three well drilling program in the Gulf of Mexico, West Cameron blocks 225 & 369 and the mobilisation of jack-up rig Ocean Crusader.
November 2007
The company finalises a USD 15 million loan agreement with a London-based institutional investor with significant oil and gas related experience.
May 2007
Enovation acquires Sussex Energy, and employs Richard Morgan, Nigel Platt and David Went, thereby expanding the management and technical team with several key employees. November 2006 The company signs a long term alliance agreement with Reservoir Evaluation Services AS ("RES”), an oil & gas consultancy giving the company access to broad geological, geophysical, reservoir and production expertise. RES is part of the Ability Group ("AGR”).
September 2006
The company signs a long term alliance agreement with Reservoir Exploration Technology ASA ("RXT”), a marine geophysical company specialising in multi-component seismic sea-floor acquisition, giving the company access to services at preferential rates and availability.
The company signs a letter of intent with Endeavour International Corporation, agreeing to work together for their mutual benefit. Enovation and Endeavour will jointly review assets that may benefit from a technology driven approach, in both Endeavour asset areas and new joint development opportunities
June 2006
The company enters into a definitive agreement with Breton Energy LLC for the formation of a joint venture, Seaborne Energy, to pursue the evaluation and development of certain offshore Gulf of Mexico blocks. The company secures funding via convertible loan notes enabling it to complete its agreement with Breton, finance its joint venture obligations and pursue other opportunities.
February 2006
The company secures working capital funding for its first year of operations.
January 2006
Founding management team employed.
September 2005
Company incorporated in Bermuda.
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