Prospex Energy plc’s joint venture (JV) partner has secured the land rights in readiness for production at the Podere Maiar licence in the Selva gas field, Po Valley, North Italy. JOINT VENTURE The JV comprises Prospex (37%) and operator Po Valley Energy Ltd (63%). PROGRAMME Prospex said that Po Valley had approved all payments to […]
Author: editorial
i3-Europa to drill Serenity appraisal well
i3 Energy plc plans to start drilling later this week on the SA-02 appraisal well in licence P2358, containing the Serenity discovery, in the Outer Moray Firth. OPTIMISATION The operator holds a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. “The well is designed to prove the extension […]
IGas ‘world class shale gas could supply 3m homes’
IGas Energy plc said five years’ data demonstrated that the company held world class assets of shale gas with the potential to supply three million homes from initial production. POTENTIAL In its interim results, the company added it also had the potential to deliver five production well pads, with each pad having up to 16 […]
IGas swings to a profit and nearly doubles revenues
IGas Energy plc swung to a profit and reduced debt following “exceptionally strong” commodity prices for its onshore oil and gas assets in England and Scotland. FINANCES In the company’s interim results to six months ended 30 June 2022, interim executive chairman Chris Hopkinson also called for streamlined regulations for shale gas following the Government […]
Power Metal nears drilling 2,600m at Molopo
Power Metal Resources plc soon expects to start drilling a 2,600m strike-length target at its nickel-copper-platinum group element (PGE) Molopo Farms Complex project in Botswana. SURVEY AND MODELLING Ahead of the decision to drill, the company completed a high-resolution ground magnetic (ground-mag) geophysics survey over high priority Target 1-6 (T1-6) covering 2,700m by 1,600m. From […]
Kavango completes 90% stake in LVR JV licences
Kavango Resources plc has completed its 90% stake in the LVR GeoExplorers (Pty) Ltd joint venture with copper-silver licences in the Kalahari copper belt, Botswana. PROJECT The company signed a memorandum of understanding in November 2021 and has now acquired the outstanding 65% to take the majority share in the JV. The partners’ project incorporates prospecting […]