The Amapá iron ore mine in Brazil has progressed with the grant of licences expected in less than half the normal period and a lower risk rating for the tailings storage facility (TSF). LICENCES Cadence Minerals plc, with a 33% interest, said that the re-rating followed maintenance, reporting, drilling and compliance work carried out since […]
Legal
Fully termed deal signed for Weaverthorpe onshore gas licences
Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Colle Santo gas field nears start of early production
Operations are due to start at the Colle Santo onshore gas field after the Abruzzo regional government signalled its intention to approve an early production programme. DE-RISKING Reabold Resources plc holds a 16.2% equity interest in the project, estimated to hold 65bcf of 2P reserves, while operator LNEnergy Ltd has an exclusive option over 90% […]
Oil workers ‘lucky to be alive’ after crane collapse
Two oil and gas sub contractors were lucky to be alive after the uncontrolled collapse of a crane on the Fulmer Alpha North Sea oil platform, said the Health and Safety Executive (HSE) today. FAILURES Respol Sinopec Resources UK Ltd was fined £535,000 over the incident on 11 September 2017. Aberdeen Sheriff Court heard that […]
Cadence acts over Mexico cancelled licences
Cadence Minerals plc subsidiaries in the Sonora lithium project have filed “administrative review recourses” against the Mexican government’s resolutions cancelling the concessions. BAN The company’s £3.89 million interest is through a 30% stake in the JV interests in Mexilit S.A. de CV and Minera Megalit S.A. de CV. Gangfeng Lithium Group is developing Sonora, comprising […]
Egdon sale progresses after satisfying NSTA condition
Egdon Resources plc’s sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. TIMETABLE The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in relation to the acquisition, said Egdon today. Following the satisfaction or waiver of other conditions, the sanction hearing is expected to […]