Block Energy plc today said that well WR-B1 had successfully reached the 9 ⅝” casing point and remains on target in its 100% West Rustavi oil and gas field, Georgia. The casing has been installed and cemented in place at the top of the Middle Eocene reservoir. The reservoir was encountered within two metres of […]
Orcadian Energy plc could sell the Pilot oil licence with the company’s finances “severely constrained” and a £1m debt to Shell due at the end of August. DISCUSSIONS The company, which also still needs to raise new finance in the short term for working capital, held £97,000 at end of July 2023. “A number of […]
Alba Mineral Resources plc said that the completion of Phase 2 surface drilling had revealed a potentially significant target at the Clogau-St David’s gold mine in North Wales. The junior miner drilled ten holes for 1,475.6 metres with all holes to date intersecting the Main Lode extension. Hole JW008 intercepted the best developed example of […]