EnQuest plc has agreed to acquire the proven North Sea Bentley heavy oil discovery from Whalsay Energy Holdings Ltd. OPPORTUNITIES The share purchase agreement (SPA) for 100% equity interest in licence P1078 is through the acquisition of Whalsay’s subsidiary, Whalsay Energy Limited (WEL) on a cash, liability and debt free basis. “This discovery is within […]
Tag: extractive industries
NAE outlines current Lochinvar coal licences
New Age Exploration Ltd has outlined its current licences for coking coal mining on the border of Scotland and England. DECISION In its quarterly report for 2021, the Australian miner reported no activities at the sites with its main focus remaining on Australia and New Zealand. A Coal Authority decision is still pending on NAE‘s […]
Cora posts promising first 2021 Sanankoro drill results
Cora Gold Ltd announced “extremely promising” first results from its 2021 drill programme at Sanankoro gold project in Southern Mali. The miner has to date drilled 79 holes totalling more than 7,500m from the start of the campaign to 18 April. The first 58 holes totalling some 5,531m, were drilled at the Selin prospect in […]
Hummingbird focuses on water supply for Mali villages
Hummingbird Resources plc made progress during the first quarter of 2021 with its environment, social and governance (ESG) initiatives in Mali. In its production, operational and trading report for the Q1 2021, the miner said it had made particular advances in water infrastructure for several locally supported villages. Ongoing water rehabilitation at the locally supported […]
Hummingbird expects gold output to rise after slow start
Hummingbird Resources plc announced an expected slow production start to the year with improvements anticipated during the second quarter at its gold projects in Mali, Guinea and Liberia. In its production, operational and trading report for the Q1 2021, which included ESGs, the miner recorded gold pour of 22,781 oz (Q4 2020: 22,012 oz). Gold sold […]
VOG settles gas invoices and agrees £1.25m loan
Victoria Oil & Gas plc (VOG)’s wholly owned subsidiary, onshore gas producer and distributor Gaz du Cameroun SA (GDC) in Cameroon, has settled gas invoices and agreed a loan note. INVOICES The agreement relates to take-or-pay invoices with Eneo Cameroon S.A. of 2.74 billion CFA franc ($5m/£3.58m) to GDC. The settlement signed on 16 April […]