Hartshead Resources NL has increased its licences with the award of 10 blocks in the 33rd licensing round. PORTFOLIO The blocks contain discovered hydrocarbons with a range of re-development, development and appraisal opportunities, as well as multiple near field exploration openings. The North Sea Transition Authority offered field redevelopments in 50% partnership with Dutch developer […]
Author: editorial
Golden Metal to drill test core of Porphyry South
Golden Metal Resources plc plans to drill test the core of the Porphyry South target area at Pilot Mountain within the Walker Lane mineral belt, Nevada. ANOMALY From the planned start date of 12 May, the company’s campaign will involve at least one hole to a target depth of 450m. The decision follows last week’s confirmation […]
Golden Metal receives £430,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 4,001,317 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share for £430,141.57. On admission the company’s issued share capital will comprise 100,813,444 ordinary shares of 1p each, each with voting rights.
UJO marks West Bowlegs commercial discovery
Union Jack Oil plc reported a commercial discovery at the joint venture Andrews 1-17 well, drilled to test the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said that high quality oil was being produced with an API gravity of approximately 41 degrees. Test production and well clean-up continues while the partners have […]
Orcadian in line for Earlham-Clover
Orcadian Energy plc is in line for a southern North Sea licence, adding to the two central North Sea licences previously awarded in the 33rd licensing round. DEVELOPMENT Licence blocks 49/25b, 50/21a, 49/30a and 50/26 contain the Earlham discovery with a high inerts content and the “exciting” undrilled prospect of Clover. The company said that […]
Baron Oil exits UK
Baron Oil plc has exited the UK after failing to secure new North Sea blocks in the 33rd licensing round and the earlier relinquishment of the Dunrobin-Golspie joint venture licence. Chief executive Dr Andy Butler said: “We can now focus all our attentions on our core area of SE Asia, where we have an exciting […]