Cornwall Resources Ltd (CRL)’s completed field activities for the Deep Digital Cornwall (DDC) project have indicated “significant mineralisation trends near surface” at its Redmoor licence. TARGETS Parent company Strategic Minerals plc said that CRL submitted analytical data for 2,186 soil samples and a highly detailed ground gravity survey and 3D interpretation. The updated results improve […]
Author: editorial
Further rig problems again halt Tai-3 operations
Helium One Global Ltd has temporarily shut down operations because of further problems with its rig, audited last year, on the Rukwa licence in southwest Tanzania. IRON ROUGHNECK The setback follows reports earlier in the week of elevated helium shows from the Tai-3 well after the repair and reinstallation of a faulty component to the […]
Tungsten West appoints Alistair Stobie as CFO
Tungsten West plc has appointed Alistair Stobie as chief financial officer effective on 13 November. Mr Stobie has worked with AIM-listed businesses within the energy and natural resources sector and raised capital within various markets. He was CFO at oil and gas company Octavia Energy, before holding the same post at Hurricane Energy plc which […]
United to drill final 2023 well on Abu Sennan
United Oil & Gas plc expects drilling to start over the coming days on the final well of 2023 on the Abu Sennan licence in the Western Desert, Egypt. RESERVOIRS Exploration well ASD S-1X well is targeting an un-risked STOIIP* estimated by United at c.10mmbbls gross across multiple reservoirs intervals, including the primary Abu Roash-C […]
United enters ‘critical stage’ for Walton Morant farm-out
United Oil & Gas plc said talks had entered a “critical stage” with its preferred potential farm-out partner for the Walton Morant licence in Jamaica. VALUE The company also aims to secure an extension to the licence period, due to expire at the end of January 2024, for additional technical work on the block to […]
Predator completes acquisition of Cory Moruga
Predator Oil & Gas Holdings plc has completed its acquisition of operator T-Rex Resources (Trinidad) Ltd and 83.8% of the Cory Moruga licence, onshore Trinidad. SNOWCAP The licence includes the Snowcap discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. Over the next three years, Predator will re-enter Snowcap-1 to bring […]