Jersey Oil & Gas (JOG) plans to add a further 12% to its central North Sea interests with the acquisition of licence P2170 blocks 20/5b & 21/1d containing the Verbier oil discovery. ACREAGE The agreement sees the company acquire the entire issued share capital of CIECO V&C (UK) Ltd, owned by ITOCHU Corporation and Japan […]
Month: November 2024
Power Metal stops drilling before snows at Silver Peak
Power Metal Resources plc said it had managed to complete six diamond drill holes and collect rock chip samples before the snows fell at its Silver Peak project in British Columbia, Canada. Chief executive Paul Johnson added that the operating conditions were “very challenging”. The local team used “man-portable” equipment after the weather conditions proved […]
Alba Mineral raises £1.2m through shares placing
Alba Mineral Resources plc has raised £1.2 million before expenses through the issue of 320,000,000 new ordinary shares at a price of 0.375 pence per ordinary share. Share warrants will also be issued to each subscriber in the placing, with one warrant for every two shares subscribed for, for a total of 160,000,000 warrants.
EnQuest expects 2020 output below guidance range
EnQuest plc today said it expected full year production for 2020 to be below its guidance range for its operations in the UK and Malaysia. Group production averaged 60,777 boepd in the ten months to end October 2020, with full year production guidance expected to be slightly below the mid-point between 57,000 to 63,000 boepd. […]
Deltic identifies three gas targets in Cupertino
Deltic Energy plc has identified around 904 bcf in the P50 estimate of potential gas over three targets in its southern North Sea licence P2428, containing the Cupertino prospect. PARTNER The company, which is seeking suitable partners to develop the prospects, said that the prospective resources range from 205bcf in the P90 estimate to 2.97 […]
West Newton joint venture reports mixed drill results
Onshore hydrocarbon exploration operator Rathlin Energy reported mixed results from drilling the onshore WNB-1 well in West Newton, East Yorkshire. The company began drilling in October and reached a depth of 2,295 metres, aiming to encounter the primary and secondary objectives of the Kirkham Abbey and Cadeby formations. Rathlin said that the Kirkham Abbey formation […]