Serica Energy plc will join the top 10 producers on the UK Continental Shelf (UKCS) after it agreed to acquire Tailwind Energy Investments Ltd for £367 million. ASSETS Serica operates the producing Bruce, Keith and Rhum fields in the UK Northern North Sea, and the producing Columbus field in the UK Central North Sea. The […]
Day: 15 November 2024
Power Metal completes first drill hole at T1-3 in Molopo
Power Metal Resources plc has completed the first drill hole at target area T1-3 at its Molopo Farms Complex nickel and platinum group elements project in southwest Botswana. OPERATIONS Diamond drillhole DDH1-3A reached a depth of 450m while the first drill hole, DDH2-3A, into target area T2-3A has to date reached downhole depth of 129.4m. […]
Egdon increases stake in Waddock Cross-Avington
Egdon Resources plc has signed a conditional agreement to acquire Aurora Production (UK) Ltd which holds interests in Waddock Cross and Avington oil fields. REJUVENATE Aurora holds an 18.75% interest in the Edgon-operated licence PL090 containing Waddock Cross in Dorset. It also owns an 8.33% interest in the IGas Energy-operated licence PEDL070 holding Avington in […]
Green Glen frustrated by slow talks over Lead Trial rights
Green Glen Minerals Ltd recorded a frustrating year with discussions on prospecting rights still continuing at the Lead Trial gold prospect in Perthshire, Scotland. ASSETS The company, renamed from Erris Gold Resources, is exploring the discovery near Loch Tay 43km east of the Cononish gold mine and within the Grampian gold belt. Green Glen has […]
Red Rock to own 50% of Tin Hill lithium subsidiary
Red Rock Resources plc said it expected to own 50% of its Zimbabwe lithium subsidiary which is preparing for small scale trial production at the Tin Hill project in the southeast of the country. TIN HILL The property lies 29km northwest of Bikita which is one of two lithium mining centres along with Arcturus. African […]