Investor information
and news
Milestones
January 2008
Sussex Energy acquires 100% equity in two UK Central North Sea licences
December 2007
Enovation Resources announces the mobilisation of jack-up rig Ocean Crusader for the imminent spud of well OCS-G-0900 #7 in West Cameron lease 225, offshore Gulf of Mexico.
November 2007
Enovation Resources finalises a USD 15 million loan agreement with a London-based institutional investor with significant oil and gas related experience.
October 2007
Enovation Resources Ltd is awarded a Joint Study licence by MIGAS, the Indonesian petroleum regulatory authority for an area covering 14,400 square kilometers within the highly prospective North West Natuna Basin, offshore Indonesia.
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”)
October 2006
The company hires Stephen Doyle as Business Development Manager. While initially based in the UK, Stephen will be responsible for establishing the business in Asia Pacific and will be based in Singapore
September 2006
The company signs a long term alliance agreement with Reservoir Exploration Technology AS ("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, Seabourne 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
