Block Energy plc has restarted production from WR-38Z and WR-16aZ wells at West Rustavi oil field in Georgia. TIE BACK Oil and gas flowed through its new in-field flowline to its early production facility (EPF) in the West Rustavi field at the WR-16aZ wellsite. Gas is separated in the EPF from the crude oil before […]
Tag: extractive industries
Red Rock quickens to drill stage in Luanshimba
Red Rock Resources plc said it intended to speed up progress towards drilling at its 80% owned copper-cobalt Luanshimba licence in the Democratic Republic of Congo (DRC). The announcement followed further positive results from the ground geophysics programme at the site. The natural resource development company said that the first two phases of the programme […]
Power Metal raises £75,450 via warrant exercise
Power Metal Resources plc received £75,450 following notices to exercise warrants over 8,860,758 new ordinary shares of 0.1 pence each in the company. Exercise of 3,597,600 warrants was at 1.0 pence per ordinary share and 5,263,158 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,109,337,130 ordinary shares of […]
IOG appoints David Gibson as COO
Independent Oil and Gas plc has appointed David Gibson as its chief operating officer (COO) effective from yesterday (8 February). Mr Gibson has extensive North Sea engineering and project management experience over nearly 30 years in the energy industry. This includes Foster Wheeler Wood Group, Amec, Marathon Oil UK Ltd, TAQA Bratani, and most recently […]
WCM coal mine could affect UK’s carbon budgets
Government approval for West Cumbria Mining (WCM)’s plans for a deep coal mine under the seabed off the Cumbrian coast could affect the UK’s legally binding carbon budgets. COP26 Climate change committee (CCC) chairman Lord Debden raised the concerns following government secretary Robert Jenrick’s decision in early January 2021 not to call in, or review, […]
Oriole acquires new Cameroon gold licences
Oriole Resources plc said it had expanded its Cameroon portfolio with five new gold licences and a further three granted to its partner. The five licences (Tenekou, Niambaran, Pokor, Ndom and Mbe) in Central Cameroon are located to the west of the regional capital, Ngaoundéré. They were granted through the company’s 90%-owned subsidiary Oriole Cameroon SARL. […]