Tullow Oil & Gas plc announced that its chief financial officer (CFO) Les Wood has left, as previously arranged, after a total eight years with the company. Mr Wood, who has been CFO for the past five years, joined Tullow during 2014 as the group’s vice president for commercial and finance. He will be replaced […]
Month: November 2024
United to receive $2.5m from Hibiscus in Crown settlement
United Oil & Gas plc said it had today signed a confidential settlement agreement with Anasuria Hibiscus UK Ltd (AHUK) for the Crown disposal milestone payment. PAYMENT The Crown discovery lies in licence P2366 across Blocks 15/18d and 15/19b. “AHUK has agreed to pay United a total of US$2,500,000 (payable in three instalments between the date […]
Cadence appoints WAI as PFS manager at Amapá
Cadence Minerals plc has appointed Wardell Armstrong International Ltd as pre-feasibility study (PFS) manager of the Amapa iron ore project in Brazil. PFS The company last week completed its 27% acquisition of the project. Cadence company said that the PFS, which began late last year, is based on producing 5.3 Mt of iron ore concentrate […]
Angus to resume Brockham oil production
Angus Energy plc said it had received an updated permit allowing re-injection of produced water and production at its Brockham oil site in Surrey. REQUIREMENTS The company added it would upgrade the project to meet DSEAR (Dangerous Substances and Explosive Atmospheres Regulations 2002) requirements. Once completed, Angus will resume production from BRX2-Y at Brockham in […]
Angus issued variation notice for Saltfleetby permit
Angus Energy plc said that the Environment Agency had issued its variation notice for the company’s existing Saltfleetby gas field permit in East Lindsey, Lincolnshire. PERMIT The site permit now encompasses the new activities of processing and compressing of gas for direct export to National Grid. Angus added it needed no further regulatory or planning […]
Red Rock notes solid progress from results at Mikei gold project
Red Rock Resources plc reported solid progress following results from its second batch of 1,365 samples from the mid KKM prospect of the Mikei gold project (MGP) in Kenya. PROGRAMME The results are from Phase I reverse circulation (RC) drilling exploration at the company’s 100% beneficially owned project. The programme comprised 20 drill holes for […]