The Parkmead Group plc has noted the start of gas production from the new LDS-01 discovery on the Drenthe VI joint venture licence in the Netherlands. LDS EXPLORATION The company has six Netherlands licences with a number of low-risk exploration prospects. The LDS exploration project, within the Drenthe VI licence (7.5%), involves drilling two to […]
Author: editorial
Ascent plans maintenance and operational work at Petišovci JV
Ascent Resources plc said it expected to start maintenance and operational works on well PG-11A on the Petišovci joint venture tight gas project, onshore Slovenia. REVIEW The company holds 75% of the JV and partner Geoenergo has 25%. Ascent will begin work once it receives the payments and revised documentation reflecting the impact of the […]
Block makes final salary sacrifice award
Block Energy plc has ended its salary sacrifice scheme, which involved the award of options instead of wages or fees, following the company’s improved finances. CAPITAL The scheme was introduced in April 2020 after the Brent price collapsed and “operational issues” due to the global Covid-19 pandemic. Block aimed to preserve capital and ensure completion […]
NAE in talks over proposed deal for Lochinvar
New Age Exploration Ltd (NAE) said it was in several talks on a proposed deal for the Lochinvar coking coal project on the border of Scotland and England. LOCHINVAR The Australian group owns 100% of three contiguous exploration and conditional underground mining licences known as Lochinvar, Lochinvar North and Lochinvar South. A resource of 111 […]
Helium One to share drill rig for Rukwa campaign
Helium One Global has signed a letter in intent (LoI) for an oil and gas drill rig for the drilling campaign planned to start during Q3 at Rukwa in Tanzania. COST SAVINGS The company, along with Australian firm Noble Helium also operating in the area, signed the agreement with Tunisian drilling contractor Sofori* for the […]
Scotgold Resources begins long hole stoping with first blast at Cononish mine
Scotgold Resources Ltd began long hole stoping yesterday with the first blast in the eastern section of the 430 West drive at its Cononish gold and silver mine near Tyndrum in Scotland. LONG HOLE STOPING The operations follow poor gold grades encountered at the 430 West ore drive, prompting the company to alter its plans […]