EnQuest plc has completed its purchase of a 26.69% non-operated interest in the Golden Eagle area development in the North Sea. PARTNERS The project includes the Golden Eagle and Peregrine fields in blocks 20/1, 20/1N and 14/26a, located 110km northeast of Aberdeen. “As a highly cash generative asset, delivering material incremental production, reserves and resources, […]
Tag: joint venture
Sunrise returns high-grade gold at Baker’s
Sunrises Resources plc returned high-grade gold assay results from drilling at its Baker’s gold project in the Meekatharra District of the Murchison gold field, Western Australia. Five holes, drilled to depths of 110 to 200 metres for a total of 590m, aim to improve the project for sale or a joint venture, while the company […]
Deltic makes technical progresses on gas licences
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the southern and central North Sea. OPERATIONS Results ended 31 December 2020 showed a decrease in the company’s cash position to £12m (2019: £13.8m). The company’s intangible assets rose to £1,430,915 (2019: £1,127,942) reflecting the development of its exploration portfolio. Work […]
UKOG granted approval to drill Basur-3 well
UK Oil & Gas plc (UKOG) has received permission to drill the forthcoming Basur-3 appraisal well located in the Resan licence, Turkey. The Turkish Ministry of Energy and Natural Resources granted approval to UKOG Turkey and its joint venture partner and site operator Aladdin Middle East (AME). UKOG Turkey, a wholly owned UKOG subsidiary, has a 50% […]
Conroy Gold plans joint venture for Irish licences
Conroy Gold and Natural Resources plc has reported “encouraging” survey results and plans for a joint venture for its Irish gold licences. CARGALISGORRAN The 2,800m ground geophysical survey focused on the Cargalisgorran part of the Clay Lake gold target in Armagh, Northern Ireland. Reinterpretation of the geology using new geophysical data “highlighted details of the […]