Helium One Global Ltd today began drilling the Tai-3 well for 1,100m at the Rukwa project in southwest Tanzania. EVALUATION The company is drilling ahead to section total depth before running the 20″ conductor, which prevents unconsolidated rock entering the well before drilling the 17.5″ hole section. Gas shows will be measured using Geolog’s mudlogging […]
Equipment & Logistics
UKOG finds more powerful perforating gun for Pinarova-1
UK Oil & Gas plc (UKOG) has found a more powerful perforating gun to test the Pinorova-1 shallow oil exploration well, 6km north of the Basur- oil discovery in Turkey. UNDERLYING FORMATION Pinarova-1 is testing whether the active 42˚ API light oil seep, found during 2022 in a seismic shot hole above the Pinarova structure, is connected […]
Red Rock sends lithium oxide samples to potential overseas buyers
Red Rock Resources plc has sent high grade lithium oxide sampling results from its Zimbabwe project to potential overseas buyers for review. POTENTIAL Last month the company reported it had opened talks on possible sales to agents in China. Three samples each approximately 2kg from the pegmatite at the first permitted area were first sent […]
Predator operating losses rise on multi-well drilling
Predator Oil & Gas Holdings plc reported more than a three-fold increase in operating losses from drilling for potential additional gas resources onshore Morocco. FINANCES Half-year results to 30 June saw losses of £2,361,721 (H1 2022: £599,789). Cash reserves totalled £1,006,006 (full year 2022: £3,323,161) and restricted cash of £1,188,863 (FY 2022: £1,245,798) as the security deposit for […]
Scotgold review focuses on top down LHS mining
Scotgold Resources Ltd has outlined priorities identified from its continuing review of the revised mining plan and schedule for the Cononish gold-silver mine near Tyndrum. TOP-DOWN LHS The company, which still needs to pay debt interest, said that the mine plan and schedule until July 2025 focuses on transitioning to top-down long hole open stope […]
Nine potential pegmatite targets identified at Bynoe
Cadence Minerals plc reported nine identified potential pegmatite targets from the final analysis of a geophysics survey at the Bynoe lithium project in the Northern Territory of Australia. ANOMALIES The company, which owns 8.74% of operator Evergreen, added that the ambient noise tomography (ANT) survey integrated with geochemicall data showed “surface expression of anomalies”. The […]