IGas Energy plc aims to seek near-term profitable production projects and has abandoned plans to take legal action against the Government following last year’s reimposed moratorium on hydraulic fracturing. SHALE GAS The company said its portfolio of shale licences totalled 292,100 net acres with estimated mean volumes of undiscovered GIIP of 93 tcf. In its […]
Day: 15 November 2024
PHC recovers 31,000L liquid from Perenco oil leak
A total of 31,000 litres of liquid were recovered overnight and “good progress” is being made after reservoir fluids leaked five days ago from a Perenco-operated oil pipeline under Ower Bay in Dorset. SURVEILLANCE Poole Harbour Commissioners (PHC) is leading the operations following the spillage of 200 barrels of liquid. The French oil and gas […]
Orcadian focuses on funding and farm-in for Pilot
Orcadian Energy plc said its main aim for 2023 was to find a partner and new investors to develop the Pilot oil field in the central North Sea. FINANCES In its unaudited results for H1 2022, the company added it planned to improve the technical and commercial definition of Pilot’s development as well as maximise […]
Scotgold rise in revenues offset by increased loss and debt
Scotgold Resources Ltd’s increase in revenues were dented by a rise in pre-tax losses and debt at Cononish gold and silver mine, near Tyndrum in Scotland. FINANCES The company’s interim results for the six months ended 31 December 2022 showed total revenues of A$9.5 million (H1 2022: A$6.4m) Loss before taxation was A$9.5m (H1 2022: […]