Clontarf Energy plc has completed its joint venture (JV) for direct lithium extraction from brine in Bolivia as it plans to expand its portfolio. TERMS Following all conditions precedent being satisfied for the deal signed in February 2023, the company has now paid partner NEXT-ChemX Corporation US$500,000. It will also issue to the US-based company […]
Tag: joint venture
United spuds fifth and final 2022 well at Abu Sennan
United Oil & Gas plc’s joint venture partner has spud the fifth and final well for the companies’ 2022 drilling campaign on the Abu Sennan licence, onshore Egypt. ASW-1X EXPLORATION WELL Operator Kuwait Energy Egypt began drilling ASW-1X exploration well, targeting un-risked mean recoverable resources estimated by United at c. 8 mmbbls gross in multiple […]
Ascent Slovenia receives first payment of €650,560
Ascent Resources plc said it had received the first cash payment following the agreement on recognition of revenue at its joint venture (JV) onshore gas operations in Slovenia. REVENUES On 2 August the company and its local JV partner agreed Ascent’s entitlement to 90% of the hydrocarbon production revenues from the PG-10 and PG-11A wells […]
Deltic makes technical progresses on gas licences
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the southern and central North Sea. OPERATIONS Results ended 31 December 2020 showed a decrease in the company’s cash position to £12m (2019: £13.8m). The company’s intangible assets rose to £1,430,915 (2019: £1,127,942) reflecting the development of its exploration portfolio. Work […]
UKOG granted approval to drill Basur-3 well
UK Oil & Gas plc (UKOG) has received permission to drill the forthcoming Basur-3 appraisal well located in the Resan licence, Turkey. The Turkish Ministry of Energy and Natural Resources granted approval to UKOG Turkey and its joint venture partner and site operator Aladdin Middle East (AME). UKOG Turkey, a wholly owned UKOG subsidiary, has a 50% […]
Conroy Gold plans joint venture for Irish licences
Conroy Gold and Natural Resources plc has reported “encouraging” survey results and plans for a joint venture for its Irish gold licences. CARGALISGORRAN The 2,800m ground geophysical survey focused on the Cargalisgorran part of the Clay Lake gold target in Armagh, Northern Ireland. Reinterpretation of the geology using new geophysical data “highlighted details of the […]