Hurricane Energy plc’s cash decreased during July because of no liftings but expects an increase in production at the Lancaster field, West of Shetland. MAINTENANCE As of 31 July 2021, the company had net free cash of $122 million compared with $134m at 30 June. The floating production and storage and offloading unit (FPSO) Aoka […]
Day: 15 November 2024
Kavango completes first drill hole at Hukuntsi at KSZ
Kavango Resources plc has completed the first geological borehole in Target Area A in the Hukuntsi (northern) section of the Kalahari Suture Zone (KSZ) project. TA2DD001 Hole TA2DD001 was drilled to 578m, after which the company signed an addendum to the current drill contract with Equity Drilling & Mindea Exploration and Drilling Services (Pty). This will see […]
OGA investigates possible breach of flare consent
The Oil and Gas Authority (OGA) has started an investigation into a possible breach of a flare consent, contrary to the requirements of the licence. The investigation follows an inquiry which concluded that there was sufficient initial evidence to merit a full investigation into a potential failure to comply. The investigation will, among other things, gather and assess further information to […]
Altus reports multiple intersections for outside Tabakorole gold deposit
Altus Strategies plc reported more positive results with multiple intersections encountered outside its mineral deposit at its Tabakorole joint venture gold project in southern Mali. RESULTS Results from five diamond drill holes (totalling 997m) from the central zone include shallow intersections outside of the mineral deposit of: 2.6 g/t gold over 21m from 70m; 1.3 […]
United spuds ASX-1X exploration well at Abu Sennan
United Oil & Gas plc said it started drilling the ASX-1X exploration well in the Abu Sennan licence, Egypt. DRILLING United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Operations began on Saturday (14 August) on the ASX-1X exploration well, which is the company’s second, located some 7km […]