Egdon Resources plc said that the proppant squeeze had resulted in excess of 500 barrels of oil per day under extended well testing operations at Wressle, North Lincolnshire. FORECAST The operator has completed the coiled tubing operation and the Ashover Grit reservoir had returned to flow. The well flow is continuing to clean-up and has […]
Month: November 2024
Alba increases drill holes and depths for TBS ilmenite
Alba Minerals Resources plc has completed its planned drilling programme, doubling the number of drill holes for greater depths at the Thule Black Sands (TBS) ilmenite project in Greenland. DRILL FENCES Through its subsidiary White Eagle Resources Ltd, the company aims to expand and upgrade the resources defined during the 2018 drilling campaign. A total […]
Erris doubles Loch Tay gold exploration area
Erris Gold Resources plc said it had more than doubled its exploration area with a new licence granted to partner Greenore Gold in the Loch Tay project within the Grampian gold belt, Scotland. LICENCE In May 2020, the companies jointly applied for the Glen Almond licence covering 250km2 of prospective ground. Erris Gold today announced […]
Neptune Energy starts production at Duva
Neptune Energy today announced the start of production from the Duva development in the Norwegian sector of the North Sea. DUVA The company is the operator with partners Idemitsu Petroleum Norge, PGNiG Upstream Norway and Sval Energi. Duva was developed as a subsea installation with three oil producers and one gas producer, tied back to […]
Sunrise re-analysis increases Baker’s gold grade
Sunrise Resources plc announced a 25% increase in gold grades from re-analysis of the reported high grade drill samples at its Baker’s gold project in Western Australia. DLR4 Target The routine re-analysis of the high-grade samples aimed to evaluate possible nugget effect. Sunrise compared the new results from the analysis of 1 kg bulk cyanide […]
Altus completes first closing on NSR for Caserones copper
Altus Strategies plc has completed the first closing of its agreement to acquire an effective 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine located in the Atacama region of northern Chile. AQUISITION The mining royalty company is acquiring the NSR interest for $34.1 million through a strategic 50:50 partnership with […]