UK Oil & Gas plc has secured a small rig to drill the new Pinarova-1 shallow oil exploration well at the joint venture (JV) Resan licence in the Siirt province, southeast Turkey. PINAROVA The company will test shallow Eocene Hoya light oil prospect across some 9km² and 300-645m below surface. Pinarova lies beneath an active […]
Month: November 2024
Corcel progresses PNG non-operating strategy
Corcel plc has restructured its nickel-cobalt assets in Papua New Guinea by signing a 50-50 joint venture (JV) deal to create a new carried vehicle. JOINT VENTURE JV partner Integrated Energy Metals (IEM) is a new American company whose website states is focused on building “a world class battery supply chain”. The companies will establish Integrated […]