Neptune Energy today announced first gas production from its operated Adorf Z16 development well in Hoogstede, northwest Germany. PROMISING In a statement the company said that initial production tests indicated flow rates of up to 2,800 barrels of oil equivalent per day (boepd). Neptune expects the Adorf Z16 well to increase production from the licence […]
Month: November 2024
Scotgold records highest production since first gold pour
Scotgold Resources Ltd reported its highest production level since first gold pour as it issued guidance for the Cononish mine near Tyndrum in Scotland. PRODUCTION Production for Q4 2021 totalled 1,508 ounces of gold, with 101 tonnes of concentrate produced in December equating to some 700 ounces of contained gold. Scotgold said this represented a 60% […]
Condor Gold raises £66,000 via options exercise
Condor Gold plc raised £66,000 following notice to exercise share options at 22 pence per share, issued under its employee share option scheme. The company issued 300,000 new ordinary shares with a nominal value of 20p each in the company.
Power Metal completes historic datasets for uranium assets
Power Metal Resources plc has completed compilation of in-depth historic data ahead of exploration across its uranium portfolio surrounding the prolific Athabasca Basin in Saskatchewan, Canada. EXPLORATION The company said its fully digitised database covering its seven 100% owned interests over 411.96km2 was drawing interest from third parties. As an example, following technical surveys and analysis, […]
Power Metal granted extension to two Molopo licences
Power Metal Resources plc has been granted a two-year extension to prospecting licences PL310/2016 and PL311/2016 at the Molopo Farms Complex, southwest Botswana. OWNERSHIP Power Metal holds a 40% direct interest in the project and a 20.65% shareholding in Kalahari Key Mineral Exploration Pty Ltd (KKME), which holds the remaining 60% interest. Kavango Resources plc currently has an option to acquire […]
Predator issues CPR and looks to monetise Guercif
Predator Oil & Gas Holdings plc said it would open options to monetise its Guercif interests onshore Morocco following an independent valuation of contingent gas resources. LICENCES The Guercif licence comprises exploration permits I, II, III and IV covering 7,269 km². The competent persons report (CPR) by SLR Consulting (Ireland) Ltd was for the Guercif […]