The West Newton joint venture reported drill results exceeding expectations, suggesting the site could be the largest UK onshore hydrocarbon discovery since the 1970s. JOINT VENTURE Rathlin Energy UK (Ltd) has a 66.67% interest in PEDL183, and Reabold Resources plc investment company has a 59% share in Rathlin and a 16.665% direct licence share. Union […]
Month: November 2024
IOG accepts new gas licences with ‘good synergies’
Independent Oil and Gas plc (IOG) said it saw good synergies from its new gas licences in the UK Southern North Sea (SNS). LICENCES During 2020, the production and infrastructure company conducted 3D seismic reprocessing over its UK SNS portfolio covering more than 1,200km². Areas include P2085 (Harvey) and P2441 (Redwell) licences accepted by the […]
Red Rock nears start of Africa-Australia operations
Red Rock Resources plc said its gold-copper-cobalt projects in Africa, Australia and Kenya were moving forward in readiness for operational work in 2021. DEMOCRATIC REPUBLIC OF CONGO Red Rock is completing the first phase of the planned 70.95 km-line ground magnetic survey at Kisinka near Lubumbashi, DRC. Work will resume at the Kolwezi joint venture […]
Alba appoints two new non-executive directors
Alba Mineral Resources plc has appointed two new non-executive directors with immediate effect. Lars Brünner was from 2014 until May 2020 the arctic mining and environment, business development leader for international mining and environmental consultancy firm Golder Associates A/S. Mr Brünner has been an environmental consultant for more than 25 years and conducted numerous environmental […]
OGA study of Bacton as possible SNS energy hub
The Oil & Gas Authority (OGA) is looking at the possibility of establishing an energy hub on the Norfolk coast. The industry body has already conducted a preliminary assessment of Bacton and identified it as a key priority area supporting net zero targets and maximising economic recovery from the UK Continental Shelf. The OGA has […]
Condor Gold starts 4,000m La India infill diamond drill
Condor Gold plc announced the start of a 4,000 metre close-spaced infill diamond drilling programme within the open pit at the La India gold project in Nicaragua. The company also hopes to start drilling on the high grade Mestiza open pit in January 2021. Condor Gold chairman and chief executive Mark Child added that mining […]