Deltic Energy plc and joint venture partner Shell UK Ltd have decided to begin drilling in May on the Pensacola prospect in the UK southern North Sea (SNS). TECHNICAL The company said that the investment decision could transform the company and was a “vital step” in evaluating the Zechstein Reef play which in turn could […]
Month: November 2024
Tertiary boosted by copper results at Lucky
Tertiary Minerals plc said it had encouraging analytical results from its first drill hole at the Lucky copper project in Nevada, USA. Hole 21TLRC001 was drilled to a depth of 108.24 metres and intersected two magnetic gossan zones containing low-grade copper (+/-gold) mineralisation. The miner said that there was highly anomalous copper (average 325 per […]
‘Male and pale’ culture in minerals sector must end
Mineral and resource companies should demonstrate an increase in female employees by the end of 12 months, said the CEO of the industry’s trade association. Positions which need to be occupied by women range from new recruits to board directors and chief executives as well as public speakers. Chief executive of the Mineral Products Association […]
EnQuest revenues fall but recovery seen in Golden Eagle
EnQuest plc reported revenues and EBITDA* nearly halved by the end of last year, reflecting lower oil prices and the cessation of production at Heather, Thistle and Alma/Galia following the reorganisation in 2020. But the group, with operations in the UK North Sea and Malaysia, remains optimistic that its proposed acquisition of the Golden Eagle […]
UKOG starts constructing Basur-3 drill site in Resan, Turkey
UK Oil & Gas plc (UKOG) announced construction had started of the drilling pad and access road for Basur-3 appraisal well at the 50%-owned, 305 km² Resan licence in Turkey. UKOG and joint venture partner Aladdin Middle East are expected to take some 60 days on the construction. Basur-3 lies approximately 1.2km north and geologically […]
Altona signs MoU for Monte Muambe
Altona Rare Earths plc has signed an memorandum of understanding for up to a 70% earn-in of the Monte Muambe rare earths project in northwest Mozambique. OPEN PIT Altona, which also has rare earth interests in southeast Uganda and southern Malawi, signed the MoU with Ussokoti Investimetos Limitada to start a legal and technical due […]