Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]
Author: editorial
Oriole signs earn-in for Bibemi
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for the 177km2 Bibemi orogenic gold project in Cameroon. SIGNIFICANT The transaction follows the heads of terms signed in November for the licence as well as a second at Mbe, for which an agreement is expected later this month. BCM’s US$4 million […]
i3 cuts emissions by 4% at Canada-UK operations
i3 Energy plc’s environment, social and governance 2022 report shows a reduction in emissions alongside expanding operations in Canada and the UK North Sea. ENVIRONMENT The group aims to be net zero by 2050 for scope 1 and 2 emissions, relating to direct greenhouse gas emissions from its owned or controlled sources such as those […]
UKOG starts preparations at Pinarova-1 well site
UK Oil & Gas plc reported the start of preparations, with access and well pad strengthening and repair, at the Pinarova-1 oil well site in Turkey. PERMITS The service provider PSI’s wireline equipment and operator partner Aladdin Middle East’s swab testing unit will then follow. In December 2023, the 50-50 joint venture received the required […]
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]
Karelian’s major investor increases holdings
Karelian Diamond Resources plc reported shareholder Steven Coomber has increased his holdings in the company. As at 2 January 2024, he held 8,408,813 ordinary shares of €0.00025 each, equivalent to 8% of the current issued share capital and voting rights of the company. On 4 December 2023, Mr Coomber held 8,313,133 shares of €0.00025 each […]