Cornwall Resources Ltd has extended its existing exploration licence agreement to 2037 for the Redmoor copper-tin-tungsten project. LICENCE In October 2012, New Age Exploration Ltd held the original exploration licence which was due to expire in 2027. The licence covers 23km2 surrounding the Redmoor deposit in East Cornwall and provides the rights to explore over the […]
Author: editorial
i3 Energy signs Serenity farm-in deal with Europa
i3 Energy plc has signed the farm-in agreement with Europa Oil & Gas Ltd for the UK Seaward production licence P2358, block 13/23c (Serenity) in the Outer Moray Firth area of the North Sea. DRILL DATE Following the farm-out, i3 will retain a 100% working interest in the remainder of Block 13/23c which contains the […]
Hurricane $60.5m revenue boosted by Brent price rise
Hurricane Energy plc profited from higher Brent prices to record a net revenue of $60.5 million in March from its Lancaster field, west of Shetland. PRODUCTION On 22 March the company lifted the 28th cargo of Lancaster oil of approximately 524 Mbbls. Hurricane said that the cargo was priced by reference to the average of the […]
UKOG notes potential for hydrocarbon accumulation at Basur-Resan
UK Oil & Gas plc (UKOG) said that new completed seismic data could indicate a single hydrocarbon accumulation present over the entire 60km² Basur-Resan anticline. BASUR-RESAN The Basur-Resan anticline containing the Basur-1 oil discovery lies within the surrounding 305 km² Resan M47-b1, b2 licence. The company’s wholly owned subsidiary, UKOG Turkey Ltd, holds a 50% […]
Rockhopper signs binding deal over Falkland licences
Rockhopper Exploration plc said it had signed legally binding definitive documentation for Harbour Energy plc to exit and Navitas Petroleum LP to enter the North Falkland Basin. TRANSACTION The deal will see Navitas acquire Premier Oil Exploration and Production Ltd, the company in which Harbour Energy plc holds all of its Falkland Islands licences. Rockhopper (35%) and Navitas […]
Baron Oil to relinquish legacy Peru block
Baron Oil plc today said it had requested the relinquishment of its legacy licence block XXI in Peru. OPPORTUNITIES The company added that since 2017 it had been frustrated in its attempts to access the area to carry out its operations. Baron previously set out four requirements necessary for its 100% subsidiary Gold Oil Peru […]