Borders & Southern Petroleum plc said it might need to raise additional funds before mid-2023 if it fails to find a farm-out partner for its oil and gas licences offshore Falkland Islands. FINANCES The company’s decision was included in its audited results for 12 months ended 31 December 2021, which showed its cash balance fell […]
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i3 Energy publishes first annual ESG report
i3 Energy plc has published its first annual environment, social and governance (ESG) report for its oil and gas operations in the UK North Sea and Alberta, Canada. EMISSIONS A total of 82% of i3’s production is gas and natural gas liquids. i3 said it was committed to being net zero for Scope 1 and Scope […]
Serica urges fiscal stability for oil & gas industry as it looks to tax savings
Serica Energy plc today urged policy makers to encourage fiscal stability for the oil and gas industry as the company looks to tax savings for its North Sea operations. TAX SAVING The company made the comments today in its financial and production report for May 2022, following the Government’s Energy Profits Levy announced last month. […]
Serica increases May 2022 production and cash reserves
Serica Energy plc announced strong production and cash position for May 2022 from its gas operations in the UK North Sea. OPERATIONS More than 85% of Serica’s production is gas and its operated North Sea assets provide more than 5% of the UK’s gas production. The month of May saw net production average in excess […]
GreenRoc outlines Phase II drilling for Amitsoq graphite
GreenRoc Mining plc said it would start its Phase II drilling campaign later this month at the Amitsoq Island graphite project in southern Greenland. PROGRAMME In a 12-week programme, GreenRoc plans to drill up to 27 holes for 3,200m, with the aim of increasing and upgrading the current initial JORC resource of 8.28Mt at 19.75% […]
Oriole starts phase 4 drilling at Bibemi gold project
Oriole Resources plc began Phase 4 diamond drilling programme at Bakassi Zone 1 in the company’s 90%-owned Bibemi gold project in Cameroon. PROGRAMME The company has to date identified four main prospects with the majority of drilling focused on a circa 1km section at the Bakassi Zone 1 prospect. The programme, which began on 30 […]