EnQuest plc has appointed chief financial officer and managing director, infrastructure and new energy Salman Malik as chief executive officer of its wholly owned subsidiary Veri Energy. Veri will manage EnQuest’s existing infrastructure and new energy business as part of EnQuest’s ambitions to build an infrastructure and new energy business in a “capital-light manner”. At […]
Author: editorial
Orcadian signs $3.1m conditional farm-out for Pilot
Orcadian Energy plc has signed a conditional $3.1 million farm-out with Ping Petroleum Ltd for an 81.25% interest in the central North Sea Pilot oil field. TERMS The Malaysian-owned company will pay an initial $100,000 on receipt of licence P2244 subject to conditions of the sale and purchase agreement expected before the end of March […]
CMR exits Zagora cobalt to focus on Meseta copper
Critical Mineral Resources plc has expanded its Moroccan portfolio with four new exploration permits, covering 80 km2, in the Rabat and Beni-Mellal regions. PRODUCTION The company and its partner have also mutually terminated the binding agreement on the Zagora cobalt earn-in option, although both will continue to seek future joint opportunities. Three of the new […]
Alba completes Clogau airborne survey
Alba Mineral Resources plc continues to progress work while awaiting permission to abstract water at a higher pump rate from the Clogau-St David’s gold mine. DELAY The airborne geophysical survey over the Clogau target area is complete and further surveys will continue over key regional gold targets. Expected from 18 December, the next will be […]
Baron Oil extends Chuditch-2 drilling schedule
Baron Oil plc’s subsidiary has secured a six-month extension to the production sharing contract ahead of committing to drilling the Chuditch-2 appraisal well, offshore Timor-Leste. PREPARATIONS The PSC for the company’s wholly owned subsidiary and operator SundaGas Banda Unipessoal Lda now ends on 18 June 2024. A formal decision on whether to enter the drilling phase for […]
Ormonde encouraged by Golden Rose sampling results
Ormonde Mining plc reported “significant” gold-copper assay results from its investee’s prospecting and bedrock sampling in the Central Newfoundland gold belt. TIER-1 POTENTIAL TRU Precious Metals Corp used recent high resolution satellite and remote sensing data over the property to discover new gold and critical minerals targets at the Golden Rose project. Ormonde said that grab […]