Predator Oil & Gas Holdings plc is in final preparations to drill the MOU-1 step-out well, MOU-2, targeting 295 bcf net contingent resources at Guercif, Morocco. PROGRAMME The company said it was completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well which was completed for rigless […]
Author: editorial
Hurricane Energy ready to clear debts
Hurricane Energy plc said it would soon clear its debts on the back of high oil prices and steady production at its Lancaster field, west of Shetland. PRODUCTION As of 16 July 2022, Lancaster was producing c.8,650 bopd from the P6 well alone with an associated water cut of c.46%. The company said that there […]
Anglesey PFS shows Grängesberg potential
Anglesey Mining plc said that the Grängesberg iron ore project in Sweden could resume mining as one of Europe’s largest individual producers of iron ore concentrates. PRODUCTION Micon International’s revised pre-feasibility study shows post-tax net present value (NPV) of US$688 million, based on 2.3 – 2.5Mtpa of iron ore concentrate production grading 70% Fe. Post tax […]
Horizonte agrees community training for Araguaia
Horizonte Minerals plc has signed an agreement with Brazil’s national industrial training provider to train host communities in skills for the Araguaia nickel project. AGREEMENT The company said that the two-year agreement with Serviço Nacional de Aprendizagem Industrial (SENAI) was a key component of Araguaia’s local content initiative. The partners will train and develop local community […]
Tungsten West targets low cost mine operations
Tungsten West plc said it is to start construction immediately with lower-cost and streamlined production scheduled for H1 2023 at the Hemerdon tin-tungsten mine in Devon. INFLATION The decision follows a three-month technical and commercial re-evaluation of options for restarting production, which lead to a new development plan. The new plan is also in response […]
Tungsten West co-founder and CEO Max Denning leaves
Tungsten West plc said that chief executive officer Max Denning will leave his role and the board with immediate effect. The company added that executive vice-chairman and co-founder Mark Thompson had assumed the responsibilities of CEO. Mr Thompson previously held senior management positions at commodity trader Trafigura and its investment division Galena Asset Management, global […]