Ascent Resources plc said it had received the first cash payment following the agreement on recognition of revenue at its joint venture (JV) onshore gas operations in Slovenia. REVENUES On 2 August the company and its local JV partner agreed Ascent’s entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells […]
Author: editorial
Hurricane plans annual shutdown at Lancaster
Hurricane Energy plc plans to conduct its annual shutdown during September at its Lancaster field, west of Shetland. OPERATIONS The move will follow the company’s latest production of 258 Mbbls during July, at an average 8,324 barrels of oil per day. On 24 July, Hurricane lifted the 30th cargo of Lancaster oil, totalling some 534 Mbbls, resulting in […]
Galantas increases private placement target to C$6m
Galantas Gold Corporation said it had signed an amending agreement to increase the size of its proposed private placement of raising CAD$4 million to up to $6m (£3.9m). UNITS The deal is with Canaccord Genuity Corp, on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation. The Canadian […]
Prospex notes Podere Maiar gas plant-pipeline contract
Prospex Energy plc said that its joint venture partner had signed the contract for the installation of the gas plant and pipeline at a lower cost on the Podere Maiar gas field in the Po Valley, northern Italy. JOINT VENTURE Prospex holds a 37% working interest in the licence with operator Po Valley Energy Ltd holding the […]
Energybuild Mining appoints two new directors
Energybuild Mining Ltd, which mines high-grade anthracite at Aberpergwm Colliery in Neath, West Glamorgan, has appointed two directors. Companies House lists Michael Loughran and Daniel Loughran as directors effective from 30 July 2022. Future Carbons Ltd ceased as a person with significant control, and Pergwm Holdings Ltd is listed as a person with significant control also […]
Power Metal to refine uranium exploration targets
Power Metal Resources plc said it was working to refine exploration targets at four of its properties in its uranium portfolio surrounding the Athabasca Basin, Saskatchewan, Canada. PHASE I The company will eventually progress the highest priority targets to a drill-ready stage. The Phase I work programme focuses on the Clearwater, Tait Hill and Thibault Lake properties to […]