United Oil & Gas plc has secured an early two-year extension until 31 January 2028 to its Walton Morant licence offshore southern Jamaica. PARTNER The 22,400km2 block holds “multiple plays and prospects” and more than seven billion barrels mean/mid case recoverable unrisked prospective resources, based on internal estimates. The company will use the extra time […]
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Block acquires share in Martkopi Terrace
Block Energy plc has acquired a 10% participating interest in the XIQ production sharing contract containing Martkopi Terrace prospect with 267.2 MMbbl prospective resources in Georgia. STRATEGY XIQ comprises six PSCs of XIC, XIK, XIM, XIN, XIQ and Didi Lilo, which were combined in 2024 to create the enlarged single PSC to attract a farm-in […]
Reabold investee acquires Colle Santo owner
Reabold Resources plc’s investee in the Colle Santo onshore gas project has entered into a binding agreement to acquire the outstanding 80% issued share capital of the field’s owner. PRODUCTION LN Energy Ltd (LN) manages and owns a 20% interest in Italian company LNEnergy S.R.L. which holds 90% of the concession, with an estimated 65 […]
Helium One JV shows ‘strong flow’ at Jackson-4
Helium One Global Ltd said that gas had shown a “strong natural flow” during drilling of the Jackson-4 well at the Galactica project in Las Animas County, Colorado, USA. QUALITY Partner and operator Blue Star Helium drilled to a total depth of 1,260ft (384m) with “free gas” confirmed by wireline logs, with no water encountered. […]
Mushima North shows more silver mineralisation
Tertiary Minerals plc’s assays have returned “thick” intervals of silver mineralisation associated with “broader” intervals of copper and zinc mineralisation at the Mushima North project in Zambia. ANOMALIES In Autumn 2024 the company drilled 25 holes on three traverses at target A1, a copper-in-soil anomaly, and one at C1. Results near surface at target A1 […]
Rockhopper JV progresses Sea Lion ahead of FID
Rockhopper Exploration plc’s partner in the Sea Lion discovery has had phased work, including 64 wells, set out in a revised independent report on the North Falkland Basin project. PHASES Israel-headquartered operator Navitas Petroleum LP, targeting a final investment decision for mid-2025, commissioned the independent resource report from Netherland Sewell & Associates (NSAI). “The report […]