Equipment & Logistics Metals & Minerals News

Altona MRE shows 13.6m tons at 2.42% TREO for Monte Muambe

A total 13.6 million tons at 2.42% total rare earth oxides (TREO) has been recorded in the inaugural mineral resource estimate (MRE) for the Monte Muambe project in northwest Mozambique. FAST TRACK Altona Rare Earths plc’s JORC compliant MRE, using a cut-off grade of 1.5%, includes 0.31% NdPrO representing 42,500 contained tons of neodymium and praseodymium […]

News Oil & Gas

Tai CPR shows 61% rise in unrisked prospective resource

Helium One Global reported a 61% increase in unrisked prospective resources from a new competent person’s report (CPR) for the Tai prospect at Rukwa, Tanzania. COMPETENT PERSON’S REPORT The increase follows more detailed interpretation of additional 2D seismic data acquired across Tai in 2021, and improved understanding of the structural closure. ERC Equipoise Ltd (ERCE) evaluated […]

News Oil & Gas

Reabold CPR bolsters farm-out plans for licences

Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]

News Oil & Gas

UKOG looks to improved Horndean production rates

UK Oil & Gas plc (UKOG) expects improved production rates from new power-efficient surface pumps at the Horndean oil field 10 miles north of Portsmouth in Hampshire. LOWER COSTS The company holds a 10% share in PL211 which is operated by IGas plc. UKOG said its net share of oil sales revenues from the asset […]

News Oil & Gas

UKOG targets 2026 for Loxley production and sales

UK Oil & Gas plc has targeted 2026 to produce and sell gas from its 100% owned PEDL234 licence – Loxley – in Surrey. TIMETABLE The news follows publication of a competent persons report (CPR) for “one of the UK’s largest onshore gas discoveries” at 31 billion cubic feet 2C recoverable gas within the licence. […]

News Oil & Gas

Block notes 2P reserves of 1.07 MMbbl for West Rustavi / Krtsanisi oil field

Block Energy plc reported field gross 2P reserves of 1.07 MMbbls in a competent persons report (CPR) on part of the West Rustavi and Krtsanisi oil field in Georgia. PROJECT I Chief executive Paul Haywood said that the CPR had independently verified the company’s work and plans for the initial phase of Project I. The CPR, […]