REG - Buccaneer Energy PLC - Spud of Allar #1

Buccaneer EnergyAnnouncement

03/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251103:nRSC7942Fa&default-theme=true

RNS Number : 7942F  Buccaneer Energy PLC  03 November 2025

 

 

Buccaneer Energy Plc

("Buccaneer" or the "Company")

 

3 November 2025

 

Spud of Allar #1

 

Buccaneer Energy (AIM: BUCE), an international oil & gas exploration and
production company with development and production assets in Texas, USA, is
pleased to announce the spud of the Allar #1 well (32.5% WI) (the "well") in
the Fouke area of the Pine Mills Field.

 

As announced on 15 October 2025
(https://www.londonstockexchange.com/news-article/BUCE/drilling-rig-selected-for-allar-1/17278824)
, the well is anticipated to take up to two weeks to drill and evaluate once
spud. The Company will update the market with results from the well in due
course.

 

Paul Welch, Buccaneer Energy's Chief Executive Officer, said:

"Since successfully securing the rig for Allar #1 earlier this month, we have
quickly moved to spud the well as we look to increase production and
materially drive cash flow from our existing acreage in the Pine Mills Field."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

 

For further information, contact:

 

 Buccaneer Energy plc                         Email:   Investor_relations@buccaneerenergy.co.uk

 Paul Welch, CEO

 SP Angel Corporate Finance LLP               Tel:     +44 (0) 20 3470 0470

 (NOMAD/Joint Broker)

 Stuart Gledhill / Richard Hail / Adam Cowl

 Oak Securities (Joint Broker)                Tel:     +44 (0) 20 3973 3678

 Robert Bell / Nick Price

 Celicourt Communications                     Tel:     +44 (0) 20 7770 6424

Email:
BucEng@celicourt.uk
 (PR/IR)

 Mark Antelme / Charles Denley-Myerson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRBRBDBXBGDGUD



            Copyright 2019 Regulatory News Service, all rights reserved