United Oil & Gas plc announced an increase in production during the first quarter of 2021 at Abu Sennan, Egypt. The company’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 boepd oil and 467 boepd gas). The figure is slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd […]
Month: November 2024
Alba processes bulk sample from Clogau gold mine
Alba Mineral Resources said that the underground bulk sample collected last year was being processed at the company’s pilot processing plant at Clogau-St David’s gold mine. Processing times were taking longer than anticipated due to various factors including the need to fine-tune the process circuit. The first bulk sample was taken from previously worked areas […]
Alba starts phase II surface drilling at Clogau gold mine
Alba Mineral Resources plc said it had started the second phase of the surface drilling programme at Clogau-St David’s gold mine, North Wales. Drilling eight to 10 holes for some 2,000 metres will target what Alba believes to be the westerly, 550-metre extension to the Clogau Main Lode which is the source of most of […]
Chesterfield starts 2021 exploration in Cyprus
Chesterfield Resources plc announced it had started its 2021 exploration campaign for additional tonnage of base and precious metals in Cyprus. The company’s enlarged and integrated 2021 campaign has begun with a gravity survey on five main target areas, with approximately 800 survey points planned over 5 km2. An AMT survey will cover three main […]
IOG starts drilling at Elgood
Independent Oil and Gas plc (IOG) said it had started Phase 1 drilling of five gas development wells in the UK Southern North Sea. Elgood well 48/22c-H1 is expected to take some three months to drill and complete ahead of first gas before the rig moves to Blythe during the early part of the third […]
IGas revenue fell while investments rose during 2020
IGas Energy plc’s revenue during 2020 nearly halved and debt doubled while the group increased investments and its reserves were upgraded. The group’s full year results ended 31 December 2020 showed revenues of £21.6 million (2019: £40.9m), with average production of 1,907 boepd (2019: 2,325 boepd). Net debt was reported at £12.2m (2019: £6.2m) and […]