Reabold Resources plc has completed its acquisition of Corallian Energy Ltd’s working interest in all the non-Victory (P2596) licences in the North Sea. LICENCES The licences all at 100% working interest comprise: P2396 Central Graben containing the Shell 1977 Curlew-A Tertiary oil discovery P2464 Viking Graben with the Unst gas prospect P2493 West of Shetland – […]
Author: editorial
United spuds ASH-4 at Abu Sennan
United Oil & Gas plc said it was awaiting consistent flows on the AJ-14 well as it spud the ASH-4 high impact development well targeting more than 2 mmbbls gross in the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. The […]
Galantas appoints QME to develop Joshua vein access
Galantas Gold Corporation has appointed mining contractor QME to develop the access and exploration drives to the Joshua vein at its Cavanacaw gold project in Omagh, Northern Ireland. PROGRAMME The agreement with the Canadian company’s subsidiary Flintridge Resources Ltd will see QME begin 600 metres of underground development in January 2023 with completion due in […]
Scirocco to receive up to £267,000 from Corallian sale
Scirocco Energy plc stands to receive up to £267,000 from its minor share in Corallian Energy Ltd, part of which has been conditionally sold. INVESTMENT Investor Reabold Resources plc announced earlier this week that it was due to sell its stake in Corallian for £32 million gross. In 2018, Scirocco subscribed for 83,333 shares at […]
Helium One reduces licence area
Helium One Global plc has reduced its licence area by 1,548 km2 ahead of its Phase II exploration drilling of the Tai prospect in early 2023 at the Rukwa project in Tanzania. FOOTPRINT Helium One conducted a review on a prospecting licence footprint in the Rukwa Rift Basin totalling 3,448 km2. Following the review, the […]
CAML cautions over global inflation
Central Asia Metals plc reported an increased dividend from a strong financial performance driven by high commodity prices for its Kounrad copper operations in Kazakhstan and Sasa lead-zinc mine in North Macedonia. DIVIDEND In the company’s unaudited interim results for the six months ended 30 June 2022 chief executive Nigel Robinson announced an increase in […]