The Parkmead Group plc has encountered gas columns in the primary target horizons on completion of drilling at the onshore LDS-01 well in the Netherlands. DRENTHE VI LDS-01 is the first of a two-well campaign on the Drenthe VI concession targeting several onshore gas prospects. Parkmead said that the well, drilled to a depth of […]
Author: editorial
Hurricane welcomes withdrawal of requisition notice
Hurricane Energy plc today said that shareholder Crystal Amber Fund Ltd had withdrawn its requisition notice to convene a general meeting to replace senior managers. FORMAL SALES PROCESS The requisition notice in December 2022 came seven weeks after Hurricane announced a formal sales process. “This is a welcome development,” said chairman Philip Wolfe. “It enables […]
Anglesey increases stake in Grängesberg to 49.75%
Anglesey Mining plc has increased its stake from 19.95% to 49.75% in the owners of the Grängesberg iron ore project in Sweden. GRÄNGESBERG Private Swedish firm Grängesberg Iron AB (GIAB), founded by Roslagen Resources AB, owns the project which lies 10km to the southwest of Ludvika in Dalarna County, central Sweden, within the Bergslagen mining […]
United reports potential contingent resources at Maria
United Oil & Gas plc reported potential “significant near-term” returns from contingent resources on the Maria discovery within licence P2519 in the UK Central North Sea (CNS). MARIA The company’s 100% owned licence P2519 includes blocks 15/18e and 15/19c and covers some 225 km2. The licence contains the existing Maria discovery in the Forties Sandstone, […]
Arkle discovers lithium-bearing pegmatites at Mine River
Arkle Resources plc said it had discovered lithium-bearing pegmatites from rock chip samples in its Mine River gold block on the Wexford-Wicklow border in Ireland. MINE RIVER In 2017 the company acquired the block which comprises five licences over 213.5km2, covering an area of known gold mineralisation along a 15km trend. Arkle last year extended […]
Orcadian agrees non-binding deal to sell Crinan-Dandy
Orcadian Energy plc has entered into a non-binding heads of agreement with Rapid Oil Production Ltd to sell its interests in the Crinan and Dandy discoveries. NON-CORE ASSETS Mobil discovered Crinan and Dandy in 1987 and 1990 respectively, before they were appraised by Monument in 1998. Crinan straddles the boundary between Orcadian’s block of 21/28a and […]