Independent Oil and Gas plc (IOG) said it was due to start drilling for gas in the Southern North Sea during the first quarter of 2021 and produce first gas during Q3. Today’s news comes as IOG, operator of its joint venture with CalEnergy Resources (UK) Ltd, awarded the rig contract for its core project […]
Day: 15 November 2024
Alba starts surface drilling at Clogau gold mine
Alba Mineral Resources plc said it had started surface drilling after completing its underground drilling programme and bulk sampling at Clogau-St David’s Gold Mine in Snowdonia National Park, North Wales. The metals and critical minerals mining company reported that underground drilling programme had involved seven drill holes for a total of 559.5 metres and which […]
Premier Oil creditors support proposed Chrysaor merger
Premier Oil plc said it had received support from each class of its creditors for the offshore company’s proposed merger with Chrysaor Holdings Ltd. The creditors have entered into a binding support letter for the deal which will also see a reorganisation of Premier’s existing financial arrangements. In October 2020, Premier announced the proposal following […]