News Oil & Gas

Predator mobilises rig to drill MOU-2

Predator Oil & Gas Holdings plc has mobilised a rig to a holding location en route to drill the MOU-2 well in the Guercif licence onshore northern Morocco. MOU-2 The contract with Star Valley Drilling Ltd is for rig 101 which successfully drilled and completed rigless testing of the MOU-1 gas discovery well. Predator has […]

Metals & Minerals News

Hummingbird notes 2m shares purchase

Hummingbird Resources plc reported purchases of 2,150,000 ordinary shares including those by directors of the company. INTERESTS Chief executive Dan Betts bought 500,000 shares at 5.9 pence per share and finance director Thomas Hill purchased 150,000 shares each at 3.2 pence. Non-executive director Stephen Betts purchased one million shares each at 5.9 pence, and his […]

Metals & Minerals News

Power Metal heritage survey clears site drilling at Wallal

Power Metal Resources plc has received approval to start site drilling at the Wallal gold-copper project in the Paterson Province of Western Australia. HERITAGE CLEARANCE The company’s interests in projects in the area are held through its 62.12% subsidiary First Development Resources plc (FDR), which is due to be soon listed in the London capital markets. Wallal is one […]

Legal News Oil & Gas

Moratorium remains on hydraulic fracturing in England

The moratorium on hydraulic fracturing in England will remain in place, the new prime minister said today. FIRST BAN The Government first introduced the ban in November 2019 following reported earthquakes at Cuadrilla Resources’s shale gas extraction site in Preston, Lancashire. In April 2022 the Government ordered a scientific review on whether the extraction of […]

Metals & Minerals News

WCM mine plans to be decided by reappointed minister

West Cumbria Mining Ltd’s application for a coking coal mine will once more be decided by Michael Gove MP after being previously dismissed as the minister in charge. MINISTERIAL CHANGES The Government initially called in the application in March 2021 by the then secretary of state Robert Jenrick. He ordered a public inquiry following concerns […]