The Wressle oil joint venture will continue developing the onshore well site after receiving planning permission from North Lincolnshire County Council. PRODUCTION Approval covers extension of the existing site to drill two new wells and construction of gas processing facilities and an underground gas pipeline to connect Wressle to the local gas distribution network. The […]
Tag: extractive industries
Fulcrum raises £643,500 via subscription
Fulcrum Metals plc has raised £643,500 via a 45% discounted conditional subscription of 8,043,750 new ordinary shares of 1 pence, at a price of 8 pence per share, by certain existing shareholders. DIRECTORS The company’s directors will later this month raise an additional £114,500, comprising a £89,769 subscription and conversion of outstanding salaries totalling £24,731 into […]
Europa decides against renewing Serenity
Europa Oil & Gas (Holdings) plc has ruled out renewing licence P2358, containing the Serenity oil discovery, in the Outer Moray Firth. COSTS The company holds a 25% farm-in with operator i3 Energy owning 75%. After an appraisal well in 2022 showed “disappointing” results the companies began talks on the field’s potential. Europa said its […]
Tullow NED purchases 159,396 shares
Tullow Oil plc non-executive director Roald Goethe has bought 159,396 ordinary shares of 10 pence each in the company, at a price of £0.23 per ordinary share. A TR-1 notification showed that the £36,661 purchase took place on 11 September 2024.
Arkle JV begins Carrickittle West drilling
Arkle Resources plc joint venture partner has started a drilling campaign on the Carrickittle West area in the southern part of the Stonepark block in Limerick, Ireland. EXTENSIONS The company believes that the seven-licence block contains more than 45 million tonnes of inferred zinc/lead ore. Operator Group Eleven Resources Corp will drill four to six […]
Power Metal targets Oman copper earn-in
Power Metal Resources plc has signed a non-binding heads of terms to earn 12.5% in the Block 8 copper concession in the Hazm area of northwestern Oman. EXPLORATION The company and its majority owned subsidiary Power Arabia Ltd reached the deal with Australia-based Alara Resources Ltd and Awtad Copper LLC. Alara’s flagship mining project is the Al Wash-hi […]