Alba Mineral Resources plc has completed the sale of its 5% interest in Brockham onshore oil field in Surrey to operator Angus Energy plc. The metals and minerals explorer said that the move was part of its drive to rationalise its non-core assets. In settlement of certain back costs and a contribution towards eventual abandonment […]
Month: November 2024
Alba starts 1,700 drill to prepare mineral resource for Amitsoq graphite
Alba Mineral Resources plc said it had started drilling in preparation for an initial mineral resource at the Amitsoq Island graphite deposit, southern Greenland. The miner aims to drill 15 holes for 1,700 metres in some six weeks. Alba has previously reported Amitsoq graphite to be among the highest-grade graphite projects in the world, averaging 28.7% […]
UKOG seeks environmental permit for well site on Isle of Wight
UK Oil and Gas plc (UKOG) has applied for an environmental permit to explore a proposed new oil well site in Arreton on the Isle of Wight. If permission is granted, the company aims to operate for three years and to drill an exploratory borehole and one side-track borehole. The wider area has the appearance […]
Caerus drill exceeds copper-gold expectations at Troulli
Caerus Mineral Resources plc announced that results from a preliminary drill programme had “significantly exceeded expectations” at its recently acquired Troulli licence, Cyprus. The miner added that all holes intersected “significant gold and/or copper mineralisation” at the former small-scale mine. Eight completed holes indicated robust and potentially significant oxide gold and volcanogenic massive sulphide (VMS) […]
Block and Baker Hughes sign drill agreement for West Rustavi
Block Energy plc has signed a memorandum of understanding (MoU) with Baker Hughes to support its oil and gas drilling operations in Georgia. SIGNIFICANT The company said that the MoU provided a broader partnership on developing significant oil and gas opportunities throughout Block’s portfolio. Baker Hughes has allocated additional engineers to assess and potentially develop […]
Helium One starts exploration drilling at Rukwa
Helium One Global Ltd said it had started its exploration drill programme at its 100%-owned Rukwa project in Tanzania. Last Friday (12 June), the company began drilling at Tai which it recently categorised as a ‘must drill’ three-way dip closure following a recent 2D infill seismic. Helium One’s three-well exploration programme is targeting shallow trap […]