News Oil & Gas

Scirocco receives approval to sell Ruvuma interest

Posted on Author editorial Comments Off on Scirocco receives approval to sell Ruvuma interest

Scirocco Energy plc has received approval from the Tanzanian Minister of Energy to its 25% interest in the Ruvuma gas asset.

With all conditions precedent now satisfied, Scirocco and purchaser ARA Petroleum Tanzania aim to complete the transaction in the coming weeks.

Related Articles
Metals & Minerals News

Kavango’s Ditau rare earth and KCB projects valued at $8 million

Posted on Author editorial

Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Finance News Oil & Gas

Beacon to cut costs under Erfelden poor show

Posted on Author editorial

Beacon Energy plc subsidiary plans to cut costs and open talks with its creditors as the Schwarzbach 2(3.) sidetrack well continues to perform below expectations in the Erfelden field, Hessen. CHALLENGES In early June, the electrical submersible pump (ESP) was producing intermittently with an apparent initial poor response from the reservoir. The company today said […]
Finance Metals & Minerals News

Power Metal sells Reitenbach uranium property

Posted on Author editorial

Power Metal Resources plc has conditionally sold its 100% owned Reitenbach uranium property east of the Athabasca Basin in Northern Saskatchewan, Canada. TEATHERS FINANCIAL Teathers Financial plc will buy Reitenbach which is one of Power Metal’s ten uranium properties. The investment company was incorporated in the UK on 1 March 1907 under its former name of CA Sperati […]