Neptune Energy has started production on the Fenja joint venture oil and gas field in the Norwegian Sea. FENJA Fenja is located 120km north of Kristiansund at a water depth of 325 metres. Neptune estimates total reserves of between 50 and 75 million boe, of which 75% is oil and 25% is gas. PRODUCTION Fenja […]
Day: 15 November 2024
Reabold finds potentially “highly significant” Crawberry Hill
Reabold Resources plc said it had identified a significant potential discovery of Crawberry Hill in the Zechstein play region on PEDL183, in east Yorkshire. MATERIAL ADDITION The company added its priority was to develop plans to make the site, originally drilled by operator Rathlin Energy (UK) Ltd, a drill-ready appraisal opportunity. “This could add materially […]
West Newton JV commits to well path for WN B-2
Reabold Resources plc and its joint venture (JV) partners have committed to a well path for the West Newton B-2 (WN B-2) well in the East Riding of Yorkshire. JOINT VENTURE The company holds a 56% economic interest via its 59% share in operator Rathlin Energy (UK) Ltd, which has a 66.67% in PEDL183. In addition, […]
CAML publishes 2022 sustainability-climate reports
Central Asia Metals plc (CAML) has published its 2022 sustainability and climate change reports for Sasa zinc-lead mine in North Macedonia and Kounrad copper recovery plant in Kazakhstan. TRANSPARENT The sustainability report, in accordance with GRI Standards, is the company’s fourth standalone sustainability report. Coverage includes CAML’s approach to transparent business conduct, maintaining safe operations […]
Tullow signs cashless asset swap for Gabon licences
Tullow Oil plc has signed a cashless asset swap agreement with Perenco Oil for certain licences in Gabon on the Atlantic coast of Central Africa. ASSETS Tullow Gabon will transfer its existing participating interests of the Limande, Turnix, Moba, Oba and Simba assets to Perenco. Tullow will retain 40% in Simba. Perenco will transfer certain […]
Galantas raises C$749,000 via shares for creditors
Galantas Gold Corporation completed a shares-for-debt transaction announced in March with several of its arm’s length creditors for a total C$749,020 (£440,600). The company has accordingly issued a total 2,080,609 units of the company each at a deemed price of C$0.36. Each unit is comprised of one common share and one common share purchase warrant. Each […]