Angus Energy plc said it had aligned its interests following the acquisition of a further interest in Brockham oil field. The company completed its purchase of a 5% interest from Alba Mineral Resources plc. Alba paid £32,000 plus VAT to Angus in settlement of certain back costs and a contribution towards eventual abandonment costs. This was […]
Month: November 2024
Hurricane Energy restarts P6 well
Hurricane Energy plc has progressed work on the Lancaster 205/21a-6 (P6) and the 205/26b-14 (Lincoln-14) wells, West of Shetland. COSTS The company said it had restarted the electric submersible pump (ESP), which tripped on 8 June, in the Lancaster 205/21a-6 (P6) oil well. The company expects oil production from the P6 well at a rate […]
Kavango raises £31,250 through warrant exercise
Kavango Resources plc said it had received £31,250 following notices to exercise warrants over 1,250,000 new ordinary shares of £0.001 each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of warrants granted and announced on 15 April 2020.
Altona aims to extend over four African countries
Altona Rare Earths plc announced it intends to develop its portfolio with multiple African projects across the four countries of Mozambique, Angola, Tanzania and Uganda. The company expects to secure new rare earths projects in the second half of 2021, should they follow a strict selection process. In its current portfolio, Altona is negotiating three acquisition contracts through which it […]
Condor to expand La India resource with infill drill
Condor Gold plc said it had started a 1,700m infill geotechnical drill programme at its La India open pit, Nicaragua. The five to six-week programme using two rigs aims to achieve a feasibility level of design by SRK Consulting (UK) Ltd as well as complement other feasibility study level programmes underway. Condor Gold added that […]
Kavango to drill EM anomaly at metal sulphide project in KSZ
Kavango Resources plc said it planned to drill a new electro-magnetic anomaly in the Hukuntsi (northern) section of its Kalahari Suture Zone (KSZ) metal sulphide project in Botswana. Designated target C1, the conductive anomaly is located 11km from target A2 identified in April 2020. Both lie in ‘Norilsk-style’ gabbro keels. DRILL PROGRAMME The company expects to drill […]