Rockhopper Exploration plc said it had signed legally binding definitive documentation for Harbour Energy plc to exit and Navitas Petroleum LP to enter the North Falkland Basin. TRANSACTION The deal will see Navitas acquire Premier Oil Exploration and Production Ltd, the company in which Harbour Energy plc holds all of its Falkland Islands licences. Rockhopper (35%) and Navitas […]
Day: 15 November 2024
Baron Oil to relinquish legacy Peru block
Baron Oil plc today said it had requested the relinquishment of its legacy licence block XXI in Peru. OPPORTUNITIES The company added that since 2017 it had been frustrated in its attempts to access the area to carry out its operations. Baron previously set out four requirements necessary for its 100% subsidiary Gold Oil Peru […]
Altus Strategies granted gold mining licence at Korali Sud
Altus Strategies plc has been granted a small-scale gold mining licence at its 100% owned 83.1km2 Korali Sud licence, containing the Diba gold project, in western Mali. DIBA The project hosts the Diba deposit and the Diba NW and Diba Far East prospects, and lies 5km west of the company’s 100% owned 24km2 Lakanfla gold exploration […]
Kavango-Power Metal start drilling at Ditau
Kavango Resources plc and Power Metal Resources plc have started diamond drilling target i10 at the rare earth element (REE)-copper Ditau Camp project in southwest Botswana. JOINT VENTURE The 50-50 joint venture (JV) is held as Kanye Resources plc, with Kavango as the operator. TARGET i10 Target i10 is a ‘carbonatite pipe’ type intrusive target. Kavango […]