UK Oil & Gas plc reported the start of preparations, with access and well pad strengthening and repair, at the Pinarova-1 oil well site in Turkey. PERMITS The service provider PSI’s wireline equipment and operator partner Aladdin Middle East’s swab testing unit will then follow. In December 2023, the 50-50 joint venture received the required […]
Day: 19 December 2024
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]
Karelian’s major investor increases holdings
Karelian Diamond Resources plc reported shareholder Steven Coomber has increased his holdings in the company. As at 2 January 2024, he held 8,408,813 ordinary shares of €0.00025 each, equivalent to 8% of the current issued share capital and voting rights of the company. On 4 December 2023, Mr Coomber held 8,313,133 shares of €0.00025 each […]