Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]
Tag: extractive industries
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]
Corcel converts £250,000 CLNs into 32m shares
Corcel plc received notice to convert £250,000 of its outstanding convertible loan notes and associated interest into 32,061,643 new ordinary shares of the company at a price of £0.008. The notice from Extractions Premium & Mining Ltd, of which Corcel executive chairman Antoine Karam owns 45%, leaves the principal balance of the CLNs at £750,000. Following […]
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe purchased 200,000 ordinary shares of 10 pence each in the company at a price of £0.38 per ordinary share. The four 50,000 share purchases for a total £76,595 took place on 29 December 2023.
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION Partners comprise operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). ERC Equipoise Ltd’s CPR is dated 31 December 2023 and compares […]
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe bought a total 200,000 ordinary shares of 10 pence each in the company, for an average price of 38 pence per ordinary share. The first purchase of a total 100,000 shares for £38,635 took place on 27 December, followed by a further 100,000 shares for £38,510 on 28 […]