Prospex Energy plc has cleared final safety checks to start gas production from Podere Maiar-1 at the Selva gas field in the Po Valley region, northern Italy. MOBILISATION The company had faced delays due to regional severe flooding but has now received formal documentation for operations to begin in eight days following completion of all […]
Equipment & Logistics
IOG pauses project drilling to maximise cash
IOG plc has solved the restriction in the Blythe H2 development well and paused appraisal drilling at the Saturn Banks project to maximise production and near-term cash flow. OPERATING EFFICIENCY Over the weekend, the company verified the downhole blockage in the gas well at the expected depth and fully opened the valve. Following the change […]
Power Metal extends uranium assets into Athabasca
Power Metal Resources plc has extended its uranium portfolio to within the Athabasca Basin ahead of beginning its largest exploration campaign in Saskatchewan. PERCH RIVER The two-year Perch River licences, covering 39.41km2, lie less than 10km from the northern Athabasca basin edge and are covered by Athabasca sandstone to an estimated depth of 50 to 200m. A […]
Hartshead submits Anning- Somerville FDP
Hartshead Resources NL has submitted its phase I field development plan (FDP) for the Anning and Somerville joint venture gas developments in the southern North Sea. PRODUCTION The FDP includes the subsurface interpretation, planned development wells, production forecasts and facilities, gas transportation route to market, QHSE, and commercial and economic aspects of the development. The […]
Parkmead writes off Perth oil for £33m
The Parkmead Group will write off its Perth oil development in a non-cash one-off impairment of approximately £33 million because of “unprecedented challenges” in the hydrocarbon sector. ISSUES In its business review, the company said it had re-evaluated its direction following “volatile oil and gas prices, ageing infrastructure and rising capital and operating costs”. Parkmead […]
Anglesey nears first Northern Copper zone infill drill
Anglesey Mining plc has started preparations for the first infill drilling in nearly 50 years into the Northern copper zone (NCZ) at Parys Mountain on the Isle of Anglesey. EXTENSIONS The company has begun the design, planning and logistics to drill six holes for 3,700m to infill portions of the current resource and verify historical […]