Neptune Energy welcomed the official opening of the Njord field, following a major upgrade, in the Norwegian Sea. DEVELOPMENTS The company which holds 22.5% said Njord, operated by Equinor Energy, is expected to produce oil and gas for another 20 years. The Njord Area will provide Neptune with net production of 30,000 barrels of […]
Month: November 2024
Scotgold raises £2m via open offer-subscription
Scotgold Resources Ltd has raised a total £2 million from an open offer and subscription for its Cononish gold-silver mine near Tyndrum. BOARD APPOINTMENT The open offer, closed on 12 May, will see the maximum number of 10,065,262 open offer shares issued, raising £1.5 million. On admission, Scotgold will have 80,500,346 ordinary shares in issue […]
IOG on course for first gas at Blythe H2
IOG plc said it was on course for first gas by the end of the second quarter after overcoming problems from the gas and oil influx at the Blythe H2 well at the Saturn Banks project. REVISED PLAN In mid-April a gas and oil influx from the Hauptdolomit, encountered while drilling the development well, gave […]
GreenRoc awards PEA contract
GreenRoc Mining plc has awarded the contract for a formal preliminary economic assessment (PEA) and established a subsidiary at its Amitsoq graphite project in Greenland. COSTS SLR Consulting Ltd will begin work this month and expects to complete the PEA by September 2023. Chief executive Stefan Bernstein said that the PEA would be the first […]
Conroy Gold intersects high grade bedrock at Newtownhamilton
Conroy Gold and Natural Resources plc intersected high grade bedrock gold from trenching at its joint venture (JV) Mines Royal option of Newtownhamilton in County Armagh, Northern Ireland. MINERALISATION The company said assay results, including a gold intersection of 1.0m at 64.3g/t gold, confirmed the bedrock source of the high grade (up to 123.0g/t Au) […]
Angus production rises 75% with second compressor
Angus Energy plc has increased production by more than 75% with the planned commissioning of the second compressor at Saltfleetby gas field in east Lincolnshire. MILESTONE Dual compressor mode began on 10 May and the three producing wells of B2, A4 and the new B7T, have since been flowing gas to the National Grid at the […]