Deltic Energy plc said it had during the first half of 2022 made considerable progress and is looking for additional partnerships for its Southern and Central North Sea portfolio. FINANCES The company added that its interim results for the six months to 30 June 2022 showed that its business model was a success. Deltic recorded […]
Month: November 2024
Neptune begins infill drilling for tenth Cygnus well
Neptune Energy has begun work on the tenth gas well with an infill drilling campaign at its operated joint venture Cygnus gas field in the southern North Sea. GAS HEATING Cygnus partners comprise Neptune as operator (38.75%) and Spirit Energy (61.25%). The company said that the operation had the potential to unlock enough gas to […]
Rockhopper awarded €190m in arbitration with Italy
Rockhopper Exploration plc has been awarded €190 million (£160m) compensation relating to the Ombrina Mare oil field dispute following the ICSID* arbitration with Italy. OUTCOME “The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation,” added the company in a statement. “The award is final and binding […]
Cornish Metals intersects high grade mineralisation at United Downs
Cornish Metals Inc said it had intersected multiple high grade copper-tin-zinc mineralised zones based on the remaining results from Phase I drilling at its United Downs project in Cornwall. TARGETS The results include those from the Mount Wellington and United Mines targets within the project which lies some eight kilometres east of the South Crofty […]
Kavango Resources co-founder Mike Moles to retire from board
Kavango Resources plc’s co-founder and non-executive director Mike Moles will retire from the board effective from 31 August 2022. He will continue as a consultant to the company until 28 February 2023. Mr Moles and Hillary Gumbo founded the company which Companies House lists as F2D Minerals Ltd incorporated in 2017, before becoming Kavango in […]
Alba renews exploration licence at Limerick zinc-lead project
Alba Mineral Resources plc has renewed its mineral exploration licence until 26 May 2024 ahead of follow-up drilling at its 100% owned base metals project in Limerick, Ireland. TERMS This is the second time the company has renewed the PL3824 which lies in the Irish zinc ore field hosting a number of high-grade zinc-lead deposits. […]