UK Oil & Gas plc (UKOG) said that the first tranche of 2D seismic acquisition is due to be completed within Q2 2022 at its Basur-Resan 50% joint venture in Turkey. SEISMIC The company holds a non-operated interest with partner and operator Aladdin Middle East (AME). During August, AME temporarily halted drilling of the proposed […]
Day: 15 November 2024
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Anglesey starts PFS for Grängesberg
Anglesey Mining plc said that a pre-feasibility study (PFS) had started at its iron ore project in Grängesberg, Sweden. HISTORY The company holds an almost 20% interest and management rights to the project, together with a right of first refusal to increase its interest by a further 50.1%. During the life of the original operation, […]
Serica Energy reports 80% gas flow from Columbus
Serica Energy plc reported that hydrocarbons comprising 80% gas had started flowing from Columbus C1z development well into the Arran subsea system. CAPACITY The commingled Arran and Columbus production streams are being exported to the Shearwater platform for processing and onward export to the gas and liquid sales points. For the first 14 days from […]
Neptune Energy to appoint Pete Jones as CEO
Neptune Energy has appointed Pete Jones as the new chief executive officer from 1 January 2022. He will assume the position from Jim House who will retire on 30 December 2020. Mr Jones has been Neptune’s VP operations, Europe, since October 2019 and a member of the executive team since August 2018 when he joined […]
Neptune Energy CEO Jim House to retire
Neptune Energy today announced that Jim House will retire as chief executive officer on 31 December 2021. Mr House has been with Neptune for four years and played a formative role in building the business following its acquisition of ENGIE E&P International. He also oversaw significant improvements in safety, operational efficiency and reserves and resources. […]