The Parkmead Group plc said mobilisation of the Drilltec Synergy 2 Rig had started for the two-well drilling campaign at the LDS project in the Netherlands. PROGRAMME The company added that the LDS wells would target multiple Rotliegendes gas reservoir prospects from the existing Diever well site, which is already in production. Construction work is nearly […]
Day: 15 November 2024
Neptune finds hydrocarbons in Calypso
Neptune Energy reported that logs had proved the presence of hydrocarbons in the Calypso exploration well within licence PL938 in the Norwegian Sea. EARLY STAGES Project partners comprise Neptune as operator (30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%). The companies will now consider gathering additional data of the reservoir. […]
Baron REX retail offer reaches two thirds target
Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]
Hummingbird attains full compliance with RGMP
Hummingbird Resources plc said it had achieved full compliance with World Gold Council (WGC) Responsible Gold Mining Principles (RGMP) within the shortest possible timeframe at corporate level and its Yanfolila gold mine in Mali. ESGs In June 2020, the company joined the WGC in its commitment to operate responsibly with strict environmental, social and governance […]