United Oil & Gas announced average H1 2021 production net to the company’s working interest of 2,730 boepd from the joint venture Abu Sennan licence in Egypt. WATER–CUT The company holds a 22% working interest in the licence comprised of seven producing oil fields operated by Kuwait Energy Egypt. The ASH field currently has three wells […]
Month: November 2024
Cora appoints key consultants for Sanankoro DFS
Cora Gold Ltd has appointed key consultants for the definitive feasibility study (DFS) for its Sanankoro gold project in southern Mali. COMPANIES DRA Global Group company, New SENET (Pty) Ltd will be the independent project manager to oversee the critical elements of the DFS. CSA Global (UK) Ltd has been appointed as geological and mining […]
Block proposes to appoint Kenneth Seymour as NED
Block Energy plc has proposed the appointment of Dr Kenneth Seymour as an independent non-executive director. Dr Seymour has worked with major and minor petroleum exploration and production companies for more than 40 years as drilling engineer, drilling superintendent, drilling manager, general manager, director and adviser. He has worked in the North Sea, the Netherlands, China, […]
Alba spin-out GreenRoc nears flotation on AIM
Alba Mineral Resources plc has released details for the listing of its spin-out company, GreenRoc Mining plc, focused on multi-element assets in southern Greenland. PROJECTS The new company comprises the Thule Black Sands ilmenite, Amitsoq graphite, Melville Bay iron and Inglefield multi-elements projects. On admission, due mid-September, gross funds of £5.12m are expected to be […]
Altus completes final closing on NSR for Caserones copper
Altus Strategies plc has completed the second and final closing to acquire 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine in the Atacama region of northern Chile. Altus is acquiring the NSR interest for US$34.1 million through a strategic 50:50 partnership with EMX Royalty Corporation. Altus and EMX have created […]
Serica appoints Andy Bell as CFO and a director
Serica Energy plc has appointed Andy Bell as chief financial officer and a director of the company with immediate effect. Mr Bell joined the company in 2017 as vice president of finance after previously providing financial consultancy services to Serica. He has extensive experience of upstream finance and systems of reporting and control, having worked […]