Power Metal Resources plc has added a further property to its uranium portfolio in and around the Athabasca Basin in Saskatchewan, Canada. GREENFIELD Richards Lake, covering 3,109.26 hectares (31.09 km2), lies within the northern edge of Athabasca Basin and 14km south of the Fond du Lac uranium deposit. The company said that the property had […]
Month: December 2024
Testing starts on Tobias-14 well after delays
Corcel plc said testing had started on the Tobias-14 (TO-14) well on block KON-11, onshore Angola. Operator Sonangol faced delays due to longer than expected wait for deliveries of testing equipment, combined with heavy rains and regional flooding at the well location. Once testing is complete, the equipment will be moved to flow test TO-13 […]
Europa given more time for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has been allowed more time to appraise the Cloughton gas discovery, within licence PEDL343, on the North Yorkshire coast. ESTIMATE The North Sea Transition Authority granted an extension to the licence’s initial term until 20 July 2026 and a further two years of the second term to 20 July […]
Borders CEO Howard Obee retires
Borders & Southern Petroleum plc’s co-founder and chief executive Howard Obee will retire after leading the company for 20 years. His replacement will be Harry Baker from 1 March 2024. Mr Baker has nearly 24 years’ capital markets experience from previous roles with Auctus Advisors, GMP First Energy, Mirabaud Securities and Canaccord Capital as well […]
FPSO arrives at Sangomar oil field
Capricorn Energy plc said that the floating production storage and offloading (FPSO) facility had arrived for the Sangomar oil field development, offshore Senegal. TAX The FPSO set sail from Singapore in December 2023 while operator Woodside Energy plc still targets first production for mid-2024. Capricorn added it maintained it owned no registration duty after it […]
Kistos expects Balder-Ringhorne first oil year end
Kistos Holdings plc said that first oil was now expected at the end of 2024 from the Balder and Ringhorne oil and gas fields in Norway. ENCOURAGED Kistos acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit via its purchase of Mime Petroleum […]