Deltic Energy plc’s joint venture partner has installed the Maersk Resilient rig and begun drilling on the Pensacola gas prospect in the Southern North Sea. PROSPECTIVE RESOURCES The company has a 30% working interest in licence P2252 located in the emerging Zechstein Reef play fairway. Deltic estimates Pensacola contains gross P50 prospective resources of 309 […]
Author: editorial
Europa to relinquish Inezgane offshore licence
Europa Oil & Gas (Holdings) plc said that failure to find a farm-in partner has forced it to relinquish the Inezgane oil licence, offshore Morocco. BANK GUARANTEE The initial extension period of the licence announced in October 2020 has ended and the company today announced it had decided against progressing to the first extension period. […]
Prospex predicts transformational 2023
Prospex Energy plc said it expected a change in fortunes in the new year as its joint venture partner nears construction on the Podere Gallina licence within the Selva gas field in the Po Valley region of northern Italy. PREPARATIONS The company holds a 37% working interest in the licence and Australian operator Po Valley Energy […]
Arkle JV completes Stonepark drill campaign
Arkle Resources plc’s joint venture partner has completed the three remaining holes of a drill campaign at the Stonepark zinc project in Limerick, Ireland. CARRICKITTLE WEST Operator Group Eleven Resources Corp drilled a total six holes in the original 2022 programme. The three completed holes were funded earlier in the year from Arkle’s cash resources. […]
Condor Gold to sell La India
Condor Gold plc is selling the company’s flagship La India open pit project in Nicaragua. MINE EXPERTISE La India comprises 588 km2 of 12 contiguous and adjacent concessions. The open pit is de-risked and nearly ready for construction which will take 18 months from receipt of project financing. The company aims to sell the project […]
Helium One changes rig company
Helium One Global said that third-party legal complications, affecting time and availability, had prompted it to choose a new company for the drilling rig at its 100% owned Rukwa licence in Tanzania. EXHALO DRILLING RIG The company is on course to begin the Phase II drilling programme in Q1 2023. Helium One had previously chosen […]