Block Energy plc said that the JSR-01 DEEP testing programme had proven oil from a previously unproduced zone in the Patardzeuli field in Block X1B, Georgia. RESULTS The company began drilling the well in July 2022 under Project II comprising the full redevelopment of Patardzeuli. Block Energy today reported that results demonstrated the company’s concept […]
Month: November 2024
Oriole earn-in partner sells Senala gold interest
Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]
Serica joins top 10 UKCS producers with Tailwind acquisition
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 […]
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 […]