Gardline vessel Ocean Observer has begun the pipeline survey for the gas off-take route from the joint venture Anning and Somerville fields in the southern North Sea. CONTRACT Australian company Hartshead Resources NL and Viaro subsidiary partner RockRose Energy Ltd expect the survey to complete in early October, subject to the weather. The 80.4 metre […]
Day: 23 December 2024
Fully termed deal signed for Weaverthorpe onshore gas licences
Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Tobias-13 well spuds in brownfield block KON-11
Corcel plc’s partner yesterday began drilling the Tobias-13 oil well in block KON-11 in the Kwanza basin, onshore Angola. DATA Subject to the first well’s results, the workplan for KON-11 includes one or more new wells with the main aim of early production. On positive drilling results, the geological and geophysical data will be […]
Tertiary defers diverting resources to Storuman
Tertiary Minerals plc has no immediate plans to divert significant resources from its base and precious metals projects to its wholly owned Storuman fluorspar deposit in Sweden. REINDEERS The decision follows the country’s government yesterday annulment of the Mining Inspectorate’s 2019 decision to refuse the company’s application for a mining concession. “This is a welcome […]
Helium One raises £6.8m via fundraise and retail offer
Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
Cornish Metals appoints Fawzi Hanano as CDO
Cornish Metals Inc has appointed Fawzi Hanano to the non-board role of chief development officer. Mr Hanano is a finance professional with more than 20 years’ experience in the mining industry and global investment banks. With expertise in investor relations, capital markets and corporate strategy, he was previously head of investor relations and communications at […]