United signs £5.7m deal for Maria discovery

United Oil & Gas plc has started a second attempt to sell to Quattro Energy Ltd licence P2519 containing the Maria oil discovery within block 15/18e in the UK Central North Sea. QUATTRO ENERGY The company signed a binding asset purchase agreement (APA) to sell the licence for up to £5.7m, which is a higher price […]

Anglesey assays indicate extensive mineralised system

Anglesey Mining plc’s reported further representation of an extensive mineralised system from multiple broad intercepts at its Parys Mountain polymetallic project on Anglesey. FINAL HOLES The company, exploring for copper, zinc, lead, silver and gold volcanic massive sulphide deposits, drilled a total of ten holes as part of the 2022 infill drilling programme. Today’s published […]

EnQuest farms down 85% of Eagle to Hibiscus for $1

EnQuest plc today announced it had signed an agreement with Anasuria Hibiscus UK Ltd to farm down an 85% working interest in the Eagle discovery in the UK North Sea. EnQuest, which will retain a 15% non-operating working interest, will also transfer the operatorship. Consideration is in the form of a nominal $1 payment due […]