Block Energy plc reported field gross 2P reserves of 1.07 MMbbls in a competent persons report (CPR) on part of the West Rustavi and Krtsanisi oil field in Georgia. PROJECT I Chief executive Paul Haywood said that the CPR had independently verified the company’s work and plans for the initial phase of Project I. The CPR, […]
Day: 15 November 2024
Hummingbird reports $435m start-up costs for Dugbe
Hummingbird Resources plc announced that its joint venture partner Pasofino Gold Ltd had estimated costs of US$435 million to start the 2,559 km2 Dugbe gold project in southern Liberia. PRODUCTION The figure is part of the Pasofino’s filed feasibility study (FS) for the project, which comprises two defined deposits of Tuzon and Dugbe F. Pasofino’s […]
New Ballarat notes ‘considerable potential’ for Ajax
New Ballarat Gold Corporation plc (NBGC) reported “considerable potential” for its joint venture (JV) Ajax mine in Australia. AJAX LINE The JV is a subsidiary between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). NBGC has a 100% interest in operator Red Rock Australasia Pty Ltd (RRAL), focusing on the Victoria gold fields. Licence […]
Scirocco JV assesses drill location at Chikumbi-1 well
Scirocco Energy plc said that its joint venture (JV) partner had received the first batch of seismic data to determine the drilling location for the Chikumbi-1 (CH-1) well, on the Ruvuma PSA in Tanzania. PREPARATIONS Ruvuma contains the Ntorya gas field from which the company expects a development into a large onshore gas discovery near […]
i3 Energy completes Serenity farm-out to Europa
i3 Energy plc has completed the farm-out to Europa Oil and Gas of a 25% working interest in Block 13/23c North (licence P2358) containing the Serenity oil discovery in the UK North Sea. TERMS Europa will fund 46.25% of the cost of the upcoming Serenity appraisal well up to a gross capped well cost of […]
Parkmead starts Greater Perth Area farm-out process
The Parkmead Group plc has started the farm-out process for its 100% development project in the Greater Perth Area (GPA) in the North Sea. GPA The company said it had engaged energy corporate finance advisory firm, Gneiss Energy Ltd, to find a suitable partner or partners for the project. The core Perth field holds some […]