Kavango Resources plc has launched a new capital investment and financing programme with an initial £2 million convertible note to advance its Zimbabwe interests. RIGS The CLN with major shareholder Purebond Ltd will define mineable gold resources and acquire plant and equipment for larger scale production at the Hillside gold project. Production at the new […]
Tag: equipment & logistics
Red Rock opts for lower cost sea freight
Red Rock Resources plc said a rise in air freight rates had led it to transport testing and production equipment by sea to its Bilbale and Boulon gold projects in Burkina Faso. LOGISTICS Containers have been loaded ahead of ships setting sail, although maritime rates have also increased. Initial earth moving and trucking equipment, generators […]
Helium One starts wirelines with full rig repair pending
Helium One Global Ltd has begun wireline and initial logging after pulling out the drill string from the hole on the Tai-3 well at Rukwa, Tanzania. GAS COMPOSITION The company retrieved the drill pipe and bottom hole assembly, comprising the heavy weight drill pipe and drill collars, from the hole by isolating and repositioning “various […]
Corcel JV spuds Tobias-14 in Kwanza
Corcel plc’s consortium partner has spud the Tobias 14 well on the onshore KNON-11 block in the Kwanza basin, onshore Angola. PRODUCTION TO-14 follows drilling of TO-13 which earlier this month encountered “potentially productive zones in multiple intervals” throughout the Binga reservoir. A well testing programme for both wells will begin after operator Sonangol reaches total […]
Predator completes acquisition of Cory Moruga
Predator Oil & Gas Holdings plc has completed its acquisition of operator T-Rex Resources (Trinidad) Ltd and 83.8% of the Cory Moruga licence, onshore Trinidad. SNOWCAP The licence includes the Snowcap discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. Over the next three years, Predator will re-enter Snowcap-1 to bring […]
Angus commissions permanent flowline
Angus Energy plc has commissioned the permanent flowline from the BO7T sidetrack well at the Saltfleetby gas field in Lincolnshire. COST REDUCTIONS In May the company connected the well with a temporary flowline and began construction of its permanent replacement. “This has been a challenging project not least because of the weather conditions during construction […]