Cadence Minerals plc said it could have exposure to copper assets following Castillo Copper Ltd’s 90-day option agreement for lithium projects in which the mining investor has interests. EXPOSURE Cadence owns a 29% shareholding in Lithium Technologies Pty Ltd (LT) and Lithium Supplies Pty Ltd (LS) which have signed the deal. Following due diligence, Castillo […]
Day: 15 November 2024
IOG flow tests Blythe development well
IOG plc said it had drilled, cleaned up and flow tested the Blythe well 48/23a-H1 within two months of spudding. FIRST GAS The Noble Hans Deul jack-up rig drilled the well to a total depth of 10,750ft measured depth (MD) and flow tested to a maximum gas rate of 45.5 mmscf/d through an 80/64th inch choke. […]
Red Rock sells Jupiter holdings for £1.24 million
Red Rock Resources plc has raised $1.24 million after selling a substantial part of its remaining holding in manganese producer Jupiter Mines Ltd. CHANGES The company said it retained 5,870,693 shares in Jupiter which focuses on the Tshipi mine in South Africa. “We manage our investments actively and having formed the view that prospects in […]
Hurricane maintains 2021 production guidance
Hurricane Energy plc said that its full year production guidance would be near the upper end of guidance 8,500 – 10,500 bopd from the Lancaster field, West of Shetland. FPSO “This annual guidance is based on an FPSO production uptime assumption of 90% and production from the P6 well alone on artificial lift via ESP,” […]
VOG settles Logbaba gas dispute
Victoria Oil & Gas plc (VOG) has reached a settlement agreement with RSM Production Corporation over the Logbaba gas project in the port city of Douala, Cameroon. JOINT INTERESTS VOG’s wholly owned subsidiary, Gaz du Cameroun SA, is the onshore gas producer and distributor. RSM is joint interest owner with a 38% working interest, alongside the […]