The Parkmead Group plc has encountered gas columns in the primary target horizons on completion of drilling at the onshore LDS-01 well in the Netherlands. DRENTHE VI LDS-01 is the first of a two-well campaign on the Drenthe VI concession targeting several onshore gas prospects. Parkmead said that the well, drilled to a depth of […]
Day: 15 November 2024
Hurricane welcomes withdrawal of requisition notice
Hurricane Energy plc today said that shareholder Crystal Amber Fund Ltd had withdrawn its requisition notice to convene a general meeting to replace senior managers. FORMAL SALES PROCESS The requisition notice in December 2022 came seven weeks after Hurricane announced a formal sales process. “This is a welcome development,” said chairman Philip Wolfe. “It enables […]
Anglesey increases stake in Grängesberg to 49.75%
Anglesey Mining plc has increased its stake from 19.95% to 49.75% in the owners of the Grängesberg iron ore project in Sweden. GRÄNGESBERG Private Swedish firm Grängesberg Iron AB (GIAB), founded by Roslagen Resources AB, owns the project which lies 10km to the southwest of Ludvika in Dalarna County, central Sweden, within the Bergslagen mining […]
United reports potential contingent resources at Maria
United Oil & Gas plc reported potential “significant near-term” returns from contingent resources on the Maria discovery within licence P2519 in the UK Central North Sea (CNS). MARIA The company’s 100% owned licence P2519 includes blocks 15/18e and 15/19c and covers some 225 km2. The licence contains the existing Maria discovery in the Forties Sandstone, […]
Arkle discovers lithium-bearing pegmatites at Mine River
Arkle Resources plc said it had discovered lithium-bearing pegmatites from rock chip samples in its Mine River gold block on the Wexford-Wicklow border in Ireland. MINE RIVER In 2017 the company acquired the block which comprises five licences over 213.5km2, covering an area of known gold mineralisation along a 15km trend. Arkle last year extended […]