Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
Day: 19 December 2024
Red Rock discusses new DRC opportunities
Red Rock Resources plc has attended a “series of important meetings” on new business opportunities in the Democratic Republic of Congo. DISCUSSIONS The company said it had also signed a framework agreement with its local associate Koto DRC SARL for an equal new joint venture, conditional on acquiring suitable assets. Red Rock expects to return […]
Altona cash falls as investments continue
Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside continued investment in its flagship Monte Muambe project in Mozambique. INVESTOR Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to […]