Harbour Energy plc announced it had found marginal accumulations from drilling the Dunnottar exploration well (30/8-4) in licence P2399 in the UK North Sea. ASSESSMENT The well reached a total measured depth of 15,639 feet encountering hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic. Harbour Energy said it would assess the commerciality of the marginal accumulations and in the meantime would […]
Month: November 2024
United ends 2021 on high note with drill success at Abu Sennan
United Oil & Gas plc said that drilling the Al Jahraa-13 (AJ-13) development well proved it be the seventh consecutive successful well since the company acquired the Abu Sennan licence, onshore Egypt. RESULTS United today reported that AJ-13 had encountered 17.5m of net pay in the oil-bearing Upper and Lower Bahariya reservoir targets. The well […]
Scotgold to extend Cononish mine life and aim for mid-tier status
Scotgold Resources Ltd recorded an increase in pre-tax losses but aims to develop Cononish mine into an 18-year operation and build a mid-tier mining company in Scotland. FINANCES In its results for the year ended 30 June 2021, the Australian-owned company recorded pre-tax losses of $4,980,942 (June 2020: $2,504,134) with revenue of £299,807. COMPELLING ECONOMICS […]
Corallian submits draft FDP for Victory gas discovery
Reabold Resources plc said that its investee Corallian Energy Ltd had submitted a draft field development plan (FDP) to the Oil and Gas Authority (OGA) for the Victory gas discovery northwest of Shetland. BUSINESS STRUCTURE Reabold has a 49.99% interest in Corallian which has a 100% interest in Victory and is the operator. SCHEDULE Reabold […]
VOG granted one-year extension to Matanda Block licence
Victoria Oil & Gas plc (VOG)’s subsidiary and operator Gaz du Cameroun S.A. (GDC) has received a one-year extension for the Matanda Block licence in Cameroon. PROSPECTIVE RESOURCES The extension for the 1,235 km2 block which lies adjacent to GDC’s Logbaba concession is effective from 17 December 2021. VOG said its estimate of prospective resources […]
Kavango former CEO Michael Foster to retire
Kavango Resources plc announced that Michael Foster will retire as non-executive director of the company on 31 December 2021. Mr Foster joined the company as chief executive officer prior to its admission to the Official List in 2018. He helped guide Kavango through the IPO process and was instrumental in setting up the company’s operations […]