Tullow Oil plc has signed a production sharing contract (PSC) for exploration licence CI-803, offshore Côte d'Ivoire. Commit: to invest and unlock the resource potential in Côte d'Ivoire (Pixabay) STRATEGY The company will be the operator with 90% equity while PetroCi* holds 10% Licence CI-803 covers 1,345 km2 and is…
Tullow Oil plc and Capricorn Energy plc have announced plans for a recommended all-share merger to create one of the largest energy companies in Africa. Combined: interests in Ghana, Egypt, Gabon and Côte d'Ivoire with potential in Kenya, Guyana and Mauritania (Pixabay - generic) TERMS In a joint statement today,…
Tullow Oil plc said it would follow a transformational 2021 by delivering its long-term business plan for the company's African oil and gas assets. Value: Tullow is well placed to deliver value from the company's assets and to grow its business (Tullow Oil) FINANCES In its full year results for…
United Oil & Gas plc has acquired the Walton Morant licence in Jamaica on a 100% operated basis, with its initial exploration period extended by 18 months. TARGETS The Jamaican Government approved the move which sees United take Tullow’s 80% equity in the licence for a nominal fee to become the operator and 100% equity […]
Anglesey Mining plc has appointed Namrata Verma as independent non-executive director with immediate effect. Ms Verma is a corporate finance executive experienced in advising metals and mining companies at the pre-feasibility and feasibility stages on project bankability, growth strategies, funding options, and financing execution. In 2015, she founded Terrafranca Advisory to provide independent debt financing advice […]
Arkle Resources plc identified several targets of interest with anomalous polymetallic discoveries from prospecting on its Aughrim block in County Wicklow. PROMISING The four licences comprise a 152.01km2 extension of the company’s Mine River gold project on the border with County Wexford. Today’s published findings are from samples taken in November 2023 from priority targets. […]
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