Kavango Resources plc reported a “significant upgrade” of potential underground resources following shaft restoration of Prospect 1 at the Hillside gold project in Matabeleland, Zimbabwe. DRILLING The company completed work on the historic main shaft and west shaft, with the removal of historic waste material from the main shaft’s first two levels revealing a deeper, […]
Tag: production
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]
Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Prospex begins gas sales from Viura-1B
Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
Sangomar production meets PSC sale terms
Capricorn Energy plc said that at least 30 days’ continuous production on the Sangomar oil field had met the production condition relating to the sale of its interest in the PSC. TAX The company was informed by operator Woodside Energy plc which began production on 10 June, offshore Senegal. Capricorn added that Woodside, as recipient […]
Cadence finds 33% savings for Amapá plant-production
Cadence Minerals plc has identified savings of 33% for processing plant recommissioning and increased production at the Amapá iron ore project in northeast Brazil. REDESIGN A capital expenditure optimisation programme, conducted at pre-feasibility level, showed US$63.2 million savings associated with the plant. This sees costs fall from $191.7m to $128.5m. Forecast increased production is approximately […]