Serica Energy plc announced it had spud the Columbus 23/16f-CDev1 development well in the UK Central North Sea. On Wednesday (17 March), a Maersk Resilient heavy duty jack-up rig began drilling to a total depth of 17,600ft, and will include a 5,600ft horizontal section. Drilling is expected to take around 70 days. The Columbus development […]
Month: November 2024
Predator finds early revenue path for Guercif gas
Predator Oil & Gas Holdings plc said it had found a simple way to early monetisation of the group’s Guercif MOU-1 gas well site in Morocco. The company commissioned SLR Consulting Ltd to develop a high level scheme for the transport costs of dry gas to existing reception facilities via a pilot compressed natural gas […]
Altus notes further positive gold results at Tabakorole
Altus Strategies plc said it had positive results from a further eight holes following reverse circulation (RC) drilling at its joint venture Tabakorole gold project in southern Mali. Intersections include (down-the-hole and not true width): 1.0 g/t over 40m from 86m, including 2.2 g/t over 7m from 86m 1.1 g/t over 33m from 84m, including […]
IOG swings to a loss
Independent Oil and Gas plc (IOG) swung to a loss as the company’s cash balance fell and the group recorded a net debt. In its final audited results for the year ended 31 December 2020, the company reported post tax losses of £19.3 million compared with a 2019 profit of £15m generated by the CalEnergy […]
Cadence notes completion of Lake Giles AEM survey
Cadence Minerals plc said a Tempest airborne electromagnetic (AEM) survey has been completed over the Lake Giles iron project in Western Australia. Australian project operator Macarthur Minerals Ltd, in which Cadence holds a 1% interest, engaged CGG Aviation to undertake the AEM of palaeovalleys adjacent to the site. CGG Aviation mobilised to the site on […]
Altus Strategies adds to metals licences in Morocco
Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences. The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process. The mining royalty company said […]