Cornwall Resources Ltd has secured US$9.25m to progress its tungsten-copper-tin project towards a feasibility study ahead of a final investment decision.
Tag: final investment decision – FID
Cornish Metals agrees up to £52m credit
Cornish Metals plc has agreed up to a combined £52 million through secured credit facilities with its major shareholders, the publicly-funded National Wealth Fund Ltd and private investor Vision Blue Resources Ltd. DE-RISK The NWF holds 28.45% of the company will provide £35m, while Vision Blue, which owns 29.08%, will give US$22.75m (£17m) to progress […]
Beacon makes initial investment in Colle Santo
Beacon Energy plc has completed its initial investment in the Colle Santo gas field in the Abruzzo region, Italy. REABOLD The company now holds an approximate 24% indirect interest in LNEnergy, whose subsidiary owns the field. Subject to receiving a production concession, Beacon will acquire a further 24% indirect interest, for a total 48%, which is […]
Rockhopper-Navitas take FID on Sea Lion
Rockhopper Exploration plc and its partner have taken the final investment decision on phase I development of the Sea Lion field, offshore north of the Falkland Islands. CONTRACTS The company and operator Navitas Petroleum Development and Production Ltd have also agreed and signed financing arrangements, which are expected to finalise over the coming weeks. Once […]
Rockhopper JV progresses Sea Lion ahead of FID
Rockhopper Exploration plc’s partner in the Sea Lion discovery has had phased work, including 64 wells, set out in a revised independent report on the North Falkland Basin project. PHASES Israel-headquartered operator Navitas Petroleum LP, targeting a final investment decision for mid-2025, commissioned the independent resource report from Netherland Sewell & Associates (NSAI). “The report […]
Corcel welcomes production in IRAI field
Corcel plc said that sustained gas production at 20,000m³ a day had been confirmed from the EI-1 well in the IRAI field in the state of Bahia, Brazil. DECISION Operator Petroborn Óleo e Gás S.A. re-entered the well to test the gas zone at 417m and is currently connecting it to existing gas production infrastructure […]