Kavango Resources plc has been awarded an environmental management plan (EMP) covering all of its prospecting licences in the Kalahari copper belt, Bostwana. OPERATIONS The two-year licences include those within the Kanye Resources 50-50 joint venture with Power Metal Resources plc and the 90% earn-in JV with LVR GeoExplorers (Pty) Ltd. Kavango said that the […]
Month: November 2024
OGA investigates proposed sale of producing fields
The Oil and Gas Authority (OGA) has started investigating the proposed sale by Esso Exploration & Production Ltd (EEPUK) to NEO of 13 producing fields, specifically Elgin Franklin, in the North Sea. SANCTIONABLE OGA said it was concerned that the transaction was not progressing as quickly as expected. The regulatory authority has previously raised concerns generally about ”transaction drag” and the chilling […]
Power Metal applies for 1,994km2 licences in Australia
Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]
Union Jack nets £1m revenue from Wressle
Union Jack Oil plc said it had generated US$1 million net revenues since production restarted during August from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The company added that the current daily production figures were far in excess of the targeted 500 barrels of oil per day from the Ashover Grit reservoir. The well […]
Angus expects higher revenues at Saltfleetby
Angus Energy plc said it expected higher revenues than previous estimates from the Saltfleetby gas field (SGF) in Lincolnshire. PROGRAMME The company added it had employed contractors for the drilling programme and that it expected costs of the sidetrack to overrun. REVENUES A revised competent persons report (CPR) by Oilfield International Ltd using a conservative […]
Caerus analyses show high grade Cu mineralisation at Troulli
Caerus Mineral Resources plc’s trenching and sampling of residual metals have revealed “very high grade visible copper mineralisation” at the Troulli project in Cyprus. ANALYSES More than 100 separate XRF* analyses within the Troulli run-of-mine (ROM) stockpile show peak grades from 17.6% Cu to 4.5% Cu, with the average grade achieved to date of 6 […]