Egdon Resources plc recorded an increase of 500% in overall profits from its onshore oil and gas operations in the East Midlands. OPERATIONS The company’s unaudited results for the six months ended 31 January 2022 show production increased by 116% to 36,714 barrels of oil equivalent (boe) equating to 200 boe per day (boepd) (H1 […]
Month: November 2024
Ascent faces legal block to some gas workstreams in Slovenia
Ascent Resources plc said that, due to a legal amendment, it did not expect to complete certain work relating to hydraulic stimulation of its operating gas wells in Slovenia. LAW AMENDMENTS The company also expects to increase its claim for damages due to a further breach of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral […]
Egdon reviews plans after Shell exits North Sea gas discoveries
Egdon Resources plc today said that Shell UK Ltd intended to withdraw from licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. OPTIONS The two companies signed the farm-in agreement in August 2020. Egdon added it would now consider its options, including its ongoing commitment to the licences. The company will hold discussions with […]
Hummingbird looks to improve on Q1 operations
Hummingbird Resources plc said it expected operations to improve following first quarter results from its gold expoloration and mining portfolio in West Africa. PRODUCTION The company previously forecast lower Q1 2022 production which was recorded at 15,548 oz gold (Q4 2021: 18,181oz). This was due mainly to the planned essential maintenance work on the processing […]
Deltic nears first exploration drill
Deltic Energy plc is marking 2021 as a year of achievement and progress ahead of drilling the first exploration well in its Southern and Central North Sea portfolio. AGREEMENTS For its audited results for the year ended 31 December 2021, the company confirmed its first exploration well on the Pensacola prospect (licence P2252). The rig selection […]
Cadence notes fourth sale of Amapá stockpile iron ore
Cadence Minerals plc noted the fourth sale and shipment of iron ore from stockpiles at the Amapá joint venture project in Brazil. PARTNERS The company holds 27% and Indo Sino Pty Ltd has 73% of the JV project company Pedra Branca Alliance Pte. Ltd, which owns 100% equity of DEV Mineração S.A. Approximately 1.2Mt of […]