i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]
Month: November 2024
Red Rock raises £160,000 via discounted placing with single investor
Red Rock Resources plc received £160,000 through a placing of 40,000,000 new ordinary shares of £0.0001 each in the company with a high net worth investor at 0.4 pence per share. JOINT BROKER Monecor (London) Ltd, trading as OvalX, raised for the money which Red Rock will use for general working capital. In conjunction with the […]
Power Metal starts inaugural drill at Molopo
Power Metal Resources plc has started its inaugural drill programme at the Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. PROGRAMME The company began diamond core drilling drillhole DDH1-6B targeting a large southerly dipping conductor at priority target T1-6. Site preparations are underway for drilling to start soon on the second drillhole DDH […]
Prospex JV secures land rights for production
Prospex Energy plc’s joint venture (JV) partner has secured the land rights in readiness for production at the Podere Maiar licence in the Selva gas field, Po Valley, North Italy. JOINT VENTURE The JV comprises Prospex (37%) and operator Po Valley Energy Ltd (63%). PROGRAMME Prospex said that Po Valley had approved all payments to […]
i3-Europa to drill Serenity appraisal well
i3 Energy plc plans to start drilling later this week on the SA-02 appraisal well in licence P2358, containing the Serenity discovery, in the Outer Moray Firth. OPTIMISATION The operator holds a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. “The well is designed to prove the extension […]
IGas ‘world class shale gas could supply 3m homes’
IGas Energy plc said five years’ data demonstrated that the company held world class assets of shale gas with the potential to supply three million homes from initial production. POTENTIAL In its interim results, the company added it also had the potential to deliver five production well pads, with each pad having up to 16 […]