UK Oil & Gas plc has progressed its planned Horse Hill-2z (HH-2z) Portland formation water reinjection project in Surrey with the installation of three, shallow, groundwater monitoring boreholes. REDUCE COSTS The water injection programme aims to reduce the field’s operating costs by some £250,000 per year by eliminating “the substantive costs of tankering and disposing produced […]
Day: 15 November 2024
Capricorn appoints Clare Mawdsley as acting CFO
Capricorn Energy plc has appointed Clare Mawdsley, previously director of finance, as acting chief financial officer (CFO). Current CFO James Smith is expected to leave the company soon after eight years’ service. Ms Mawdsley joined Capricorn in 2013 as a tax advisor before becoming head of tax in 2019. She had held the role of […]
Oriole finds fresh signs of new gold district at Mbe
Oriole Resources plc reported further high grade golds and notable mineralisation from additional rock-chip sampling results at the Mbe licence on its Central Licence Package (CLP) in Cameroon. BULK DEPOSIT The results are from 27 selective rock-chip samples taken from outcropping rocks in a structural corridor at Mbe, one of five licences within the Eastern […]
Horizonte draws down $50m from second tranche of senior debt
Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]
Tullow Oil appoints Roald Goethe as NED
Tullow Oil plc appointed Roald Goethe as an independent non-executive director of Tullow with effect from 24 February 2023. Mr Goethe is an oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets specifically hedging, financing and trading. In 1994, he joined Trafigura Group as […]