UK Oil & Gas plc said that a planned two-week production facility upgrade had been completed at its majority owned Horse Hill oil field in Surrey. PRODUCTION This included modifications to prepare the site for automated 24-hour continuous production and installation of the first tranche of permanent facility equipment. The work is required under the Health and […]
Tag: extractive industries
Kavango renews LVR prospecting licences in KCB
Kavango Resources plc said it had renewed its prospecting licences PL082/2018 and PL083/2018, known as the LVR project, in the Kalahari Copper Belt (KCB), Botswana. ANALYSIS The joint venture between the company and local company LVR GeoExplorers (Pty) Ltd (LVR) has to date seen Kavango complete stage 1 of an earn-in to acquire 25% of […]
Power Metal starts lithium exploration at Authier North
Power Metal Resources plc has started initial exploration, through its subsidiary Power Canada, on the Authier North lithium property in Quebec, Canada. PHASE I The 2021 Phase I programme will include prospecting and mapping completed by a senior geologist with extensive Quebec lithium-pegmatite exploration experience. As part of the programme, at least 180 soil samples will be […]
Tullow Oil chief executive officer Les Wood to leave
Tullow Oil plc has announced that its chief financial officer (CFO) and executive director Les Wood has mutually agreed with the board that he will leave the company. Mr Wood will remain CFO and an executive director of Tullow throughout the current reporting cycle. He is expected to leave the group at the end of […]
Caerus intersects significant gold-copper mineralisation at Pano Lefkara
Caerus Mineral Resources plc said that due diligence scout drilling had intersected significant gold oxide and copper-gold sulphide mineralisation at shallow depth on the Pano Lefkara licence in Cyprus. DRILL READY Drilling aims to confirm the results derived from historic exploration and ahead of starting a more detailed programme of work. Caerus has defined for […]
Power Metal confirms large gold-in-soil anomaly at Tati
Power Metal Resources plc confirmed a large scale gold-in-soil anomaly at the Tati project located in the Tati greenstone belt near Francistown, Botswana. RESULTS The gold anomaly at the Sikukwe Zone was confirmed following laboratory assay testing results of soil and rock samples collected during the company’s Phase I exploration programme. The second batch of samples, including […]