Company Moves News Oil & Gas

EnQuest appoints Gareth Penny as non-executive chairman

EnQuest plc has appointed Gareth Penny as non-executive chairman, effective from today. He replaces Martin Houston whose departure was announced in June. “The board would like to thank Martin Houston for his important contribution to the company during his chairmanship,” said EnQuest in a statement. GARETH PENNY On joining the board, Mr Penny will also […]

Metals & Minerals News

Power Metal starts follow-up Selta exploration

Power Metal Resources plc’s subsidiary has started follow-up fieldwork for lithium exploration at its polymetallic Selta licence in the Northern Territory of Australia. SELTA Selta comprises three licences owned and operated by First Development Resources Ltd (FDR) which is due to be listed. FDR has identified four uranium and four rare earth elements targets as […]

News Oil & Gas

Angus to resume drilling reservoir ahead of testing

Angus Energy plc hopes to resume drilling into the open hole of the reservoir at Saltfleetby in East Lincolnshire. OPERATIONS Towards the end of November, the company paused operations at the top of the reservoir. Angus today said that despite “relatively slow progress” in casing and cementing it expected to restart drilling early next week […]

News Oil & Gas

Serica yet to find commercial results in North Eigg

Serica Energy plc said it was yet to find commercial quantities of hydrocarbons during drilling the North Eigg exploration well in the UK North Sea. OPERATIONS The company drilled well 3/24c-6B to a total depth of 16,728 feet and encountered 16 feet of hydrocarbon-bearing sands. “These have confirmed the presence of hydrocarbons at a deeper […]

Metals & Minerals News

Corcel exercises option to acquire Mt Weld REE

Corcel plc has exercised its option to acquire 100% ownership of the Mt Weld rare earth elements project within licence P38/4489 near Laverton in Western Australia. LICENCE The project, covering 171 hectares, lies 1.4 km (0.9 miles) with the granted mineral tenement straddling the mine access road to Lynas Rare Earths Ltd’s Mt. Weld mine. Corcel […]