Arkle Resources plc’s partner plans to increase drilling, from 3,000 metres to 15,500m, at the Stonepark zinc joint venture in County Limerick, Ireland. VALUE Canadian operator, Group Eleven Resources Corp, also intends to carry out step-out drilling around the known resource at Stonepark and follow-up drilling on the Carrickittle West prospect. Arkle holds a 22.36% […]
Tag: drilling
Jersey positive on delayed Buchan project
Jersey Oil & Gas plc aims to optimise its delayed UK North Sea Buchan oil joint venture, in the light of new government guidelines, including required approval of the project’s scope 3 emissions. PROGRESS The company is focused on the Greater Buchan Area, containing estimated resources of more than 100 million barrels of oil equivalent […]
Oriole raises £2m
Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]
Corcel granted licence for KON-16 seismic
Corcel plc has received final approval of its environmental impact assessment, which grants a full environmental licence for seismic acquisition and drilling in block KON-16, onshore Angola. OPERATOR The company’s local subsidiary, Atlas Petroleum Exploration Worldwide Ltd has also signed a contract for the 2D seismic with B.G.P. Geophysical Limitada, Lda and BGP Inc., China […]
Helium One JV mobilises rig to Jackson-31
Helium One Global Ltd’s partner has mobilised the rig to the Jackson-31 well site at the Galactica-Pegasus joint venture project in Las Animas County, Colorado, USA. DEVELOPMENT Operator Blue Star Helium is in the process of rigging up ahead of the start of drilling. The full development programme for Galactica involves 15 wells with the initial […]
Karelian identifies possible green diamond source
Karelian Diamond Resources plc said it had identified two anomalies possibly representing the kimberlitic source of the green diamond in the Kuhmo region of eastern Finland. TARGET The findings are from data based on a semi-airborne unmanned aerial vehicle (UAV) detailed electromagnetic survey over the green diamond target area. The diatreme-shaped anomalies, that could also […]