Deltic Energy plc plans to cut costs and look for international projects, with an initial focus on early cash flows and faster cycle times, while continuing with its existing UK core assets. SELENE The company said that the “political and fiscal headwinds” had “hampered” the UK’s oil and gas industry in recent years” rendering it […]
Tag: extractive industries
Panther begins soil sampling at Dotted Lake
Panther Metals plc has started additional soil geochemistry sampling potentially to accelerate exploration at Dotted Lake on the Schreiber-Hemlo greenstone belt in Ontario, Canada. SNOWFALL Bayside Geoscience Inc’s 1,000 metre survey comprises an extension and infill sampling to the 2021 soil survey grid which yielded “significant nickel, cobalt, copper, gold and platinum group element anomalies”. […]
Altona identifies IOGC prospectivity at Kabompo
Altona Rare Earths plc has identified prospectivity for iron ore-copper-gold (IOGC) mineralisation at its Kabompo South copper project in Zambia. GUIDE Geophysical and geochemical data assessment by Earthmaps Consulting confirmed “geophysical features typically associated with IOCG deposits” in the country. The licence is “largely underlain by iron-rich Hook granites” intruding low metamorphic Kundelungu Group sediments […]
EnQuest-Seascape awarded Sarawak PSC
EnQuest plc and Seascape Energy Asia plc have been awarded a product sharing contract for 12 discovered fields 50km off the coast of Sarawak, offshore Malaysia. DISCOVERIES EnQuest Petroleum Production Malaysia Ltd holds 42% and is the operator of the DEWA complex cluster small field asset with Petroleum Sarawak Exploration & Production Sdn Bhd owning […]
Karelian mine boundaries finalised for Lahtojoki
Karelian Diamond Resources plc said that the mine boundaries for the Lahtojoki project have been finalised after no appeal was lodged against the August court ruling. RULING Two landowners had 60 days to appeal against the amounts of compensation due to them as well as the mine boundary. The company’s legal advisors have confirmed that […]
Wressle JV expects wells consent to be quashed
The Wressle joint venture expects September’s local authority permission to be quashed for two new wells at the onshore Lincolnshire site. SCREENING North Lincolnshire Council informed the companies that, following legal opinion and the Supreme Court decision in June, it would not resist a proposed legal action to challenge the consent. The court ruled that applications […]