Harbour Energy plc said that the Kan-1 exploration well had discovered oil in the joint venture (JV) Block 30 in the Sureste Basin, offshore Mexico. KAN-1 The Kan-1 exploration well lies 25km off the Tabasco coast in 50 metres of water. Harbour said that the well was drilled to a total measured depth of 3,317m […]
Author: editorial
UKOG prepares to run electric logs in Pinarova-1
UK Oil & Gas plc (UKOG) plans to run electric logs to identify oil pay after an initial 107 metre open hole swab test proved inconclusive in the Pinarova-1 exploration well in Turkey. PRIMARY TARGET The company is testing the site to learn whether the well is fed by and connected to a 9km2 light […]
CRL consultant Jeffrey Harrison to retire
Cornwall Resources Ltd’s community consultant Jeffrey Harrison is retiring from his role as non-executive director of parent company Strategic Minerals plc. Mr Harrison, who is leaving for personal reasons, worked at Strategic Minerals (SML) for a total seven years, of which five was spent as a NED. “I will continue to support the Cornwall Resources […]
CRL funding bid results delayed for Redmoor
Cornwall Resources Ltd (CRL) must wait longer to hear from its application for government funding for the Redmoor tin-tungsten project in the east of the county. RESOURCE The company had hoped to receive an answer during March 2023 but the assessment body is continuing to review applications with final review now expected during June. “CRL […]
Europa swings to pre-tax loss
Europa Oil & Gas (Holdings) plc recorded its highest interim revenues from the onshore Wressle oil field but swung to a pre-tax loss due to an offshore exploration impairment charge in Morocco. FINANCES The company’s unaudited interim results for the six months ended 31 January 2023 showed revenues increased to £3.7 million (H1 2022: £2.2m), […]
i3 Energy issues 9m shares in warrant exercise
i3 Energy plc said that certain of its loan noteholders had exercised warrants over 9,051,927 ordinary shares in the company. Following admission, i3 Energy will have 1,201,899,967 ordinary shares with a nominal value of £0.0001 each.