Kavango Resources plc reported the purchase of a total 69.5 million ordinary shares in two directors’ dealings. Non-executive director Peter Wynter Bee purchased 63,250,000 each at 0.8p and chief executive officer Ben Turney bought 6,250,000 shares at the same price. The company’s current interests are copper in Botswana and gold in Zimbabwe.
Month: December 2024
Neptune notes starts of oil production from Seagull
Neptune Energy reported the start of oil production from the joint venture Seagull field in the UK North Sea. INNOVATIVE The four-well subsea tie-back project re-uses existing facilities on the Heron pipeline hosted by the BP’s 25-year-old operated eastern tough area project central processing facility in the central North Sea. Project partners comprise Neptune (35%), […]
Cornish Metals appoints CFO Matthew Hird as a director
Cornish Metals has appointed its chief financial officer Matthew Hird as a director. Companies House reported the change effective from 27 October 2023.
Tobias-13 shows potentially ‘significant’ productive zones
The Tobias-13 well has encountered “several potentially productive zones in multiple intervals” in the Kwanza basin, Angola. BINGA RESERVOIR Corcel plc’s joint venture and operator Sonangol (80%) drilled at a downdip location from historic production to the planned depth of 958.5 metres, penetrating the entire Binga reservoir section of a circa 120m column. Results indicate […]
Prospex achieves ‘substantial’ cash flow at Selva Malvezzi
Prospex Energy plc said it had achieved stable production rates and “substantial” cash flows from the Podere Maiar-1 gas facility on the Selva Malvezzi production concession in north Italy. PRODUCTION Operator Po Valley Energy Ltd (63%) began production at PM-1 on 4 July and reached c.72,000 standard cubic metres per day (scm/d) during the initial testing […]
United cancels £5.7m Maria sale before giving up licence
United Oil & Gas plc has terminated the £5.7 million conditional sale of the Maria discovery and will withdraw from the central North Sea licence on its expiry at the end of this month. EXHAUSTED The company has several times extended the long stop date for Quattro Energy Ltd’s purchase of P2519, which depended on […]