Hurricane Energy plc said it produced 9,500 bopd from the 205/21a-6 (P6) well during January 2022 at the Lancaster field, West of Shetland. PRODUCTION The 27th cargo of Lancaster oil, totalling approximately 530 Mbbls, was lifted on 25 January 2022 and priced at $81.4/bbl. The next cargo is anticipated to be lifted in late March 2022. January 2022 […]
Month: November 2024
Helium One confident over 2022 exploration
Helium One Global said it was in a strong position and well financed to deliver a further ambitious exploration programme at its 100% owned Rukwa project in Tanzania. FINANCES In its audited results for the year ended 30 June 2021, the company’s net assets were $28,536,258 compared with $7,783,836 at 30 June 2020. Helium One […]
Tullow Oil ordered to pay $76m in dispute with HiTechVision
Tullow Oil plc has been ordered to pay $76 million to HiTecVision in relation to a dispute regarding the acquisition of Spring Energy. DECISION In a statement Tullow said that a panel of arbitrators, working under the jurisdiction of Norwegian law, had delivered an award in favour of HiTecVision. “The panel had been asked to […]
Red Rock drill results exceed expectations at Luanshimba
Red Rock Resources plc said results from reverse circulation (RC) drilling exceeded its expectations at the Luanshimba copper-cobalt project in the Haut-Katanga Province, Democratic Republic of Congo. PROGRAMME The Luanshimba project is operated by Red Rock Galaxy SA , an 80% owned Congolese subsidiary of Red Rock. Three prospects now named as Kilembwe (18 holes), […]
Altus intersects significant gold zone at Lakanfla Central
Altus Strategies plc said it had intersected a significant gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence, western Mali. LAKANFLA Lakanfla is 5km east of the company’s Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit. The Diba & Lakanfla project (100%) covers […]
Power Metal nears grant of REE-uranium licences
Power Metal Resources plc said the grant of licences was imminent for its rare earth element-uranium Selta project in the Northern Territory, Australia. LICENCES Selta is held within URE Metals Pty Ltd, an Australian private company and wholly owned subsidiary of First Development Resources Ltd (FDR) in which Power Metal currently holds a 96.15% interest. Power Metal said that […]