United Oil & Gas plc announced it expected to exceed the previous guidance of 2,300 boepd when the company starts drilling at its joint venture Abu Sennan licence, onshore Egypt. DRILL CAMPAIGN The company said it had awarded an EDC-50 rig contract with low-cost rig rates linked to oil prices. The rig is due to […]
Author: editorial
Deltic awarded six licences of 12 new blocks
Deltic Energy plc has been formally awarded six licences comprising 12 new blocks in the UK’s 32nd offshore licensing round. SEISMIC All the licences are on a 100% equity position, except P2558, which is jointly awarded with Shell UK holding a 70% working interest. Deltic said the awards reinforced its strategy of creating a steady ‘conveyor […]
Scotgold makes first gold pour on St Andrew’s Day
Scotgold Resources Ltd announced its first gold pour at the Cononish gold and silver mine in the Scottish Grampian Mountains area. The gold exploration company achieved the milestone on St Andrew’s Day yesterday (30 November). Scotgold said it would now increase production at Cononish to design level early in 2021 to become Scotland’s first commercial […]
Altona to focus on East African REEs
Altona Energy plc today announced it had raised £138,459.12 before expenses for its exploration projects for rare earth minerals in East Africa. The funds were raised through the placing of 2,130,140 new ordinary shares at an issue price of 6.5 pence per share. Altona expects to be readmitted to trading on the Aquis Stock Exchange […]
ICL Boulby polyhalite output rises 10% and sales 49%
ICL Boulby announced a 10% increase in production at its East Cleveland polyhalite mine while sales rose 49% during the third quarter of 2020 compared with the same period last year. The company said the figures for its multi-nutrient mineral polyhalite were new monthly processing records for September and October. General manager and vice president Andrew […]
Galantas Gold narrows losses as revenue falls
Galantas Gold Corporation narrowed its losses by the end of September 2020 compared with the same period in 2019 for its Cavanacaw gold mine in Omagh, County Tyrone. The company also said it was still “actively engaged” in seeking strategic alternatives including reviewing its licences and operations, considering a sale, joint venture, partnership or other […]