Red Rock Resources plc said it had served a precautionary attachment on its local partner, VUP SA, relating to copper-cobalt projects in the Democratic Republic of Congo. ADVICE In March 2019 Red Rock, through its local subsidiary, signed a joint venture agreement with Congolese VUP (Vumilia Pendeza SA) over certain assets in Katanga. The partners […]
Month: November 2024
Caerus extends agreement with Jubilee for Troulli
Caerus Mineral Resources plc said it ha signed an extension to the option agreement with Jubilee Metals Group plc for the waste-to-revenue Troulli – Kokkinapetra copper-gold project in Cyprus. JOINT VENTURE Caerus said that the extension was for a further 18 months during which it expected to decide on a joint venture (JV) with Jubilee […]
Hurricane Energy positive on FPSO extension
Hurricane Energy plc said it remained positive over an extension to the FPSO as the company announced improved finances and production at its Lancaster field, West of Shetland. PRODUCTION Production was higher than expectations during October due to better than expected uptime on the FPSO. The company had anticipated the well gauge pressure would reach […]
Helium One starts phase II 2D seismic at Rukwa
Helium One Global said it had started Phase II 2D seismic acquisition at its 100% owned Rukwa project in Tanzania. SUBSTANTIAL Chief executive David Minchin said that excellent ground conditions and very little vegetation during the last month of the dry season had allowed the teams to start the acquisition. “Data acquired in this 2D […]
Helium One appoints Mark Beeson as consultant geophysicist
Helium One Global has appointed Mark Beeson as consultant geophysicist. Mr Beeson has worked over 40 years as a geophysicist with oil and gas exploration and production companies. He is also the founder and chief geophysicist for African-focused explorer Delonex Energy.
Cairn starts buyback following Indian tax refund
Cairn Energy plc announced it had initiated a buyback programme of up to £20 million of its ordinary shares. PERIOD This will be prior to the anticipated larger buyback programme following receipt of the Indian tax refund. The company added that Morgan Stanley would handle the programme beginning today (15 November) and ending no later […]