Predator Oil & Gas Holdings plc has started the regulatory approval process for rigless testing of the MOU-1 well for the Guercif petroleum agreement, onshore Morocco. WRITTEN INTENT The company has sent a written outline to the Office National des Hydrocarbures et des Mines (ONHYM) on the testing programme, intervals to be tested and the quantities […]
Day: 15 November 2024
Corcel renews Wowo Gap cobalt-nickel licence
Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Power Metal moves to value creation
Power Metal Resources plc said it would focus more on creating value from its existing interests rather than on acquisitions during the remainder of 2023. NEW PHASE In the group’s audited financial results for the year ended 30 September 2022, Power Metal chief executive Paul Johnson added that operational targets for 2023 included “proactive exploration work” […]