Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
Author: editorial
UKOG to drill new oil target of Pinarova in Resan
UK Oil & Gas plc (UKOG) said it planned to drill a new 9km2 shallow oil accumulation located 6 km north of the Basur-1 oil discovery in the Resan joint venture licence, Turkey. PINAROVA The company holds a 50% interest with Aladdin Middle East (50%) in the project. UKOG added that analysis of the Q3 2022 […]
Cornish Metals finds new tin target at Carn Brea South
Cornish Metals Inc has discovered a new tin mineralisation target from drilling results in the Carn Brea South exploration area along the southern boundary of South Crofty, Cornwall. WIDE FORMATION “The drill holes confirmed up-dip, near-surface extensions of the historic Great Flat lode and discovered tin mineralisation in a new target called the ‘Wide Formation’, […]
Deltic to test exploration well at Pensacola
Deltic Energy plc joint venture plans full well testing after encountering gas in the targeted reservoir at the Pensacola prospect in the Southern North Sea. COMMERCIAL The JV for licence P2252 comprises operator Shell 65%, Deltic 30% and ONE-Dyas 5% working interests. Deltic added that testing of well 41/05a would evaluate the commerciality of the […]
First Class receives £46,683 via warrant exercises
First Class Metals plc received £46,683.20 following several notices to exercise warrants over a total of 450,582 ordinary shares in the company. Following admission, First Class Metal’s issued share capital will consist of 69,969,289 ordinary shares with voting rights.
Neptune awarded new licences in Norwegian North Sea
Neptune Energy has been granted two new licences in the Norwegian North Sea through the the Awards in Predefined Areas (APA) 2023. KEY OPPORTUNITIES The grant includes PL1180 (40% and operator) in the Gjøa area and PL1179 (15% and partner) in the Fram area. Both are close to existing infrastructure in areas where Neptune already […]