Angus Energy plc today began the SF-07 sidetrack well programme by testing blow-out preventers in advance of spudding at Saltfleetby in Lincolnshire. PROGRAMME The company said it expected to run equipment in hole to a depth of 1,300m “reasonably swiftly” over this coming weekend. Above this depth, at around 1150m, a whipstock* will be set […]
Author: editorial
Power Metal notes Golconda anomalous mineralisation
Power Metal Resources plc noted identification of three zones of strongly anomalous arsenic and gold mineralisation at the Golconda Summit property in Nevada, USA. PRIORITY The company’s 83.13% owned subsidiary Golden Metal Resources plc made the discovery from historical dataset of a high-resolution geochemical soil survey covering the whole project. Rock sample assays results from […]
Egdon to pursue case for safe shale gas extraction
Egdon Resources plc said it would continue to press for the safe extraction of shale gas following yesterday’s government decision to reinstate the ban on hydraulic fracturing. ENERGY NEEDS The company has a joint interest in the Springs Road project in the East Midlands with IGas plc which also condemned the moratorium and is considering […]
IGas mulls legal action on hydraulic fracturing ban
IGas plc today said it reserved the right to pursue legal action to recover losses from its onshore gas licences following the Government’s decision to reimpose the ban on hydraulic fracturing. GAINSBOROUGH TROUGH The company was responding to the Prime Minister‘s decision yesterday to re-impose the moratorium on hydraulic fracturing and a statement by the […]
United expects ASH-4 to deliver material increase to production at Abu Sennan
United Oil & Gas plc said it expected that the ASH-4 well currently being drilled would deliver a material increase to production in the Abu Sennan licence, onshore Egypt. OPERATIONS The company holds a 22% non-operating interest in the joint venture with Kuwait Energy Egypt as operator. Operations on ASH-4, a step-out development well into […]
US sanctions ‘unlikely’ to affect Condor
Condor Gold plc today said that the United States’ sanctions imposed on the Nicaraguan General Directorate of Mines were unlikely to have any impact on the company’s current operations at La India. SANCTIONS On 24 October, the US Treasury Department extended its existing sanctions “to hold the Ortega-Murillo regime accountable for its continued attacks on […]