Sunrise Resources plc has sold its 29 non-core diatomite mining claims in Crow Springs, Nevada to Dicalite Management Group. ROYALTIES The company received US$75,000 on transfer of the claims with the balance of the total sale price of $150,000 payable when Dicalite submits a mine plan of operations to the Bureau of Land Management. Dicalite […]
Day: 7 November 2024
Orcadian completes 81.24% Pilot farm-out to Ping
Orcadian Energy plc has completed the 81.24% farm-out of central North Sea licence P2244, containing the Pilot oil field, to Malaysian operator Ping Petroleum UK plc. TECHNOLOGY Discovered in 1989, appraisal of Pilot showed “excellent quality reservoir and contains 263MMbbl of a viscous oil”. Orcadian said that Ping, focused on shallow water offshore production and […]
Alba identifies new gold targets from airborne survey
Alba Mineral Resources plc has identified three gold targets from the first part of it recent airborne magnetic survey across the Dolgellau gold belt in Wales. ZONES The surveys, over the Clogau, Castell Carndochan and Hafod Owen prospects, were flown between November 2023 and January 2024. Review and interpretation of the first part of the […]
United-Egdon granted more time for Waddock Cross
United Oil & Gas plc said that a five-year extension has been granted to PL090 containing the Waddock Cross onshore oil field in Dorset. REDEVELOPMENT The company holds a 26.5% working interest in PL090, of which the operator is Egdon Resources plc, owned by Petrichor Partners LP, which in turn is owned by Heyco Energy […]
Capricorn committed to Egypt assets
Capricorn Energy plc remains committed to its Egypt assets as its receivables balance “increased materially” last year. SPEND In its year results, the company said it continued to progress amendments to the production sharing contract to unlock value from its assets. Chief executive Randy Neely added that in his 12 years’ experience in the country, […]
Beacon CEO Larry Bottomley to step down
Beacon Energy plc chief executive officer Larry Bottomley will step down from 1 June 2024. His replacement is the company’s chief financial officer Stewart MacDonald. Mr Bottomley, who will become a non-executive director, has more than 40 years’ industry experience and became Beacon’s CEO in January 2022. He was instrumental in re-establishing the company from […]