Hartshead Resources NL, which in April reduced its workforce, has won six new oil and gas licences covering 10 blocks in the southern North Sea. ACREAGE The Australian company has accepted three licences and is awaiting grant of a further three from the North Sea Transition Authority’s 33rd licensing round. Five licences consisting of nine […]
Tag: extractive industries
Anglesey NED Namrata Verma resigns
Anglesey Mining plc non-executive director Namrata Verma has resigned with immediate effect to pursue other interests. Ms Verma was appointed to the role in December 2021. Interim chairman Andrew King said: “On behalf of the board of Anglesey, I would like to thank Namrata for her contribution to the company and we wish her well […]
EGT completes drilling at Olserum REE
European Green Transition plc expects to confirm a “district scale rare earth element system” after it completed diamond core drilling at Olserum in Sweden. ENCOURAGING The company drilled 13 holes for 1,500 metres with visual inspection of drill core indicating “broad alteration zones” and intervals with intersections of “visible phosphate mineralisation”. Core logging is complete […]
Harbour completes Wintershall acquisition
Harbour Energy plc today completed its acquisition of the Wintershall Dea asset portfolio, comprising Wintershall Dea AG’s upstream assets. GLOBAL Harbour now produces 475,000 barrels of oil equivalent per day with “significant” production in Norway, the UK, Argentina, North Africa and Germany. The company said it now had a 2P reserve base of c.1.5 billion […]
Buchan first oil delayed pending emissions guide
Jersey Oil & Gas plc partner in the Buchan Horst project will “materially slow” activities while awaiting new government environmental guidance for oil and gas firms. LICENCE Operator NEO Energy and its owner HitecVision will wait for clarity “around the UK regulatory and fiscal framework so that the full impact can be assessed.” “This will […]
Kavango starts Zimbabwe funding initiative
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 […]