Alba Mineral Resources plc has received permission to continue dewatering and exploring the lower Llechfraith workings in the Clogau-St David’s gold mine, north Wales. EXCLUSION ZONE Natural Resources Wales (NRW)’s grant of an extension to the company’s European Protected Species licence allows the operations to continue until 31 September 2024. “This is significant as it […]
Day: 23 December 2024
Corcel JV spuds Tobias-14 in Kwanza
Corcel plc’s consortium partner has spud the Tobias 14 well on the onshore KNON-11 block in the Kwanza basin, onshore Angola. PRODUCTION TO-14 follows drilling of TO-13 which earlier this month encountered “potentially productive zones in multiple intervals” throughout the Binga reservoir. A well testing programme for both wells will begin after operator Sonangol reaches total […]
Tullow Oil signs $400m debt facility with Glencore
Tullow Oil plc has secured a $400 million five-year debt facility and off-take contracts with Glencore Energy UK Ltd. BUSINESS PLAN The Africa-focused company will be able to draw down funds over a period of 18 months to manage its senior notes maturing in March 2025. Tullow has also signed oil marketing and offtake contracts with Glencore for […]