Altus Strategies plc has appointed Mark Campbell as non-executive chairman and director of the company’s 100% owned subsidiary Akh Gold Holdings Ltd. He has also been named general manager of the Egyptian branch, that is being incorporated, of the latter company’s 100% owned subsidiary Akh Gold Ltd. Mr Campbell is based in Cairo and has […]
Day: 15 November 2024
Cairn notes oil find offshore Mexico
Cairn Energy plc announced an oil find on the joint venture Sayulita exploration prospect in Block 10 in the mid-deep water of the Cuenca Salina/Sureste Basin, offshore Mexico. The company added that preliminary estimates state that the new find may contain between 150 and 200Mboe in place. Cairn holds a 15% working interest through its […]
Caerus signs deal to develop copper-gold hard rock in Cyprus
Caerus Mineral Resources plc has signed a binding and exclusive option agreement with Bezant Resources plc to develop copper and gold-bearing hard rock resources within Caerus’ portfolio. Bezant will have 18 months to assess the merits and economic prospects of all Caerus’s unexploited hard rock mining assets. It will also be allowed to identify one or […]
Al Jahraa-8 well test results exceed United’s expectations
United Oil & Gas plc said that test results have exceeded the company’s internal pre-drill expectations at the Al Jahraa-8 development well in the Abu Sennan concession, onshore Egypt. The company holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. PRODUCTION The AJ-8 well began drilling on 2 May, targeting […]
Oriole completes half of CLP mapping-sampling
Oriole Resources plc has completed more than half of the mapping and sampling on its 3,592km2 Central Licence Package in central Cameroon. FIELD WORK The company completed the five easternmost licences, with results anticipated during Q3 2021, and has now paused activities for the rainy season. The programme will resume for the remaining three licences […]
Tertiary signs option for JV copper licences in Zambia
Tertiary Minerals plc has entered into an option agreement to acquire up to a 90% joint venture (JV) interest in five copper exploration licences covering 1,500 km2 in Zambia. PROSPECT The company’s 96% recently incorporated subsidiary Luangwa Minerals Ltd, secured the agreement with Mwashia Resources Ltd. The deal covers exploration licence 27069-HQ-LEL (Jack’s licence) and […]