UK Oil and Gas announced today that it had relinquished its oil licence PEDL143 in Holmwood, Surrey, in which it held a 67.5% stake. The other main partners in the licence who have also given up their interests are Egdon Resources plc (18.4%) and Angus Energy (12.5%). UKOG said that a detailed study had been […]
Author: editorial
UKOG plans for Loxley to be redetermined
UK Oil & Gas plc will have its application for a gas appraisal project in Loxley near the village of Dunsfold redetermined in November by Surrey County Council. ACCUMULATION The local authority refused permission at an earlier hearing against its officers’ recommended approval. Technical issues resulted in a rerun and the application will be now […]
Altona extends fundraise for African REEs
Altona Energy said it had extended its fundraising round due to ongoing interest as it continues its development plans for its rare earth elements (REEs) mining portfolio in Africa. The company said in September 2020 that it aimed to raise up to £500,000 for its REE projects in Uganda and Malawi. (bit.ly/356Hyx5) Altona announced this […]
Power Metal starts drilling at Molopo
Power Metal Resources plc has started drilling the first of four planned holes for nickel sulphide and platinum-group metal (PGM) mineralisation at Molopo Farms Complex (MFC), Botswana. The Phase 1 drilling programme is for an initial planned 2,505m across four diamond core drill holes. Planned target hole depths vary from 525m to 710m. Hole 1 […]
Rathlin continues plan for new wells at West Newton
Rathlin Energy (UK) Ltd said its proposals were moving forward for up to four new oil wells which would extend its hydrocarbon operations in West Newton, East Riding. The exploration and production company holds a 66 2/3% interest in PEDL 183 covering approximately 176,000 acres, with Union Jack Oil and Reabold Resources also holding interests. […]
Europa losses widen as it offloads licences
Europa Oil & Gas (Holdings) announced a pre-tax loss of £5.4 million compared with £0.7m in 2019 including write-offs taken following the company’s relinquishment of its Irish licences. In its final results for the 12 months ended 31 July 2020, the hydrocarbon company with interests in the UK, Ireland and Morocco also announced pre-tax loss […]