Power Metal Resources plc said it had completed geophysics surveys ahead of selecting target areas for drilling at its precious and base metal projects in Nevada, USA. PROJECTS The company’s subsidiary (83.13%) Golden Metal Resources plc, holds 100% of the Pilot Mountain, Garfield and Stonewall projects, and a right to earn-in to a 100% interest […]
Day: 15 November 2024
Union Jack reaches $9m revenue at Wressle
Union Jack Oil plc has reached material landmark net revenues of US$9,000,000 from the Wressle joint venture hydrocarbon development in North Lincolnshire. OPERATIONS Union Jack holds a 40% economic interest in the development, operated by Egdon Resources, which restarted production on 19 August 2021. The company said that the well, located on licences PEDL180 and […]
Neptune finds oil at Ofelia exploration well
Neptune Energy has discovered commercial oil at the Ofelia exploration well in PL929, confirming the high prospectivity potential around the Gjøa platform in the Norwegian North Sea. ESTIMATES The company said it had completed drilling Ofelia well 35/6-3 S and encountered oil in the Agat formation. “The preliminary estimate of recoverable volume is in […]
Harbour Energy reports strong finances
Harbour Energy plc reported a strong financial performance for the first half of 2022 due to high oil and gas prices and gains in foreign exchange. FINANCES Harbour reported total revenue and other income of $2,670 million (H1 2021: $1,496m). Operating costs per barrel were $14.2/boe (H1 2021: $15.0/boe) with the decrease driven primarily by […]
Prospex receives £99,400 via warrant exercise
Prospex Energy plc received £99,400.50 following notice for the exercise of warrants to subscribe for 3,473,350 new ordinary shares of 0.1p each in the company. The warrants were issued to individuals pursuant to warrant agreements dated 23 February 2022 and 8 March 2021 which related to a placing announced in March 2021. The exercise prices are 3 […]