Hummingbird Resources plc said it had identified thicker mineralisation zones than originally believed as it reported further drill results at the Koekoe (KK) deposit at Kouroussa, Guinea. PROGRAMME The assay results are from a further 86 reverse circulation (RC) and 12 diamond drill holes which comprise 9,900m of a 24,000m infill 2021 drilling programme. The […]
Month: November 2024
Hummingbird on schedule for Kouroussa first gold pour
Hummingbird Resources plc said it had started civil works as remained on course to achieve first gold pour by the end of Q2 2023 at Kouroussa, Guinea. WORK PROGRAMME Chief executive Dan Betts added that the company would double its current production profile once the mine was in operation. Earthworks are nearly complete at the […]
Egdon adds support for review on shale gas extraction
Egdon Resources plc today added its support for Government’s move to commission the British Geological Survey for a scientific review of shale gas. GAINSBOROUGH TROUGH The company’s comments follow those of IGas yesterday after the Government made its announcement. Egdon’s shale gas licences cover 151,742 net acres (614 km2) which it estimates to hold mean […]
IGas welcomes review on shale gas extraction
IGas plc said it welcomed the Government’s call for a scientific review of shale gas extraction by the British Geological Survey. OPPORTUNITY The department for business, energy and industrial strategy (BEIS) today announced it had commissioned a scientific review, with a report expected by the end of June 2022. IGas chief executive Stephen Bowler said […]
VOG temporarily stops trading after $12m award ruling
Victoria Oil & Gas plc (VOG)’s shares were yesterday suspended after an arbitral tribunal of the International Chamber of Commerce (ICC) ruled against the company’s subsidiary Gaz du Cameroon, making an award of US$12.1 million. NO DELAYS The dispute between GDC and RSM Production Corporation relates to previous work in Cameroon. The company said that […]
Government orders scientific review of shale gas extraction
The Government today commissioned the British Geological Survey (BGS) to review the latest scientific evidence on shale gas extraction. MORATORIUM In 2019, the North Sea Transition Authority (previously the Oil and Gas Authority) found it was impossible to predict accurately the probability or magnitude of earthquakes linked to hydraulic fracturing operations. There were also reported […]