Whitebark has commenced the next phase of development at the Wizard Lake Oil Pool Project in Canada.
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Tlou is seeking further clarity from the Botswana authorities after an announcement was published in a domestic newspaper.
The company has an interest in the Nomgon IX coal bed methane production sharing contract (PSC) in Mongolia’s South Gobi region, near the Chinese border
The company notes BP has been awarded the licence to the A1 block offshore The Gambia which is contiguous to its operational A2 block, demonstrating their expanding interest in this area.
“The granting of the downstream EIS is great news for the company as it gives the final environmental authorisation for the initial proposed development," said boss Tony Gilby
The company had cash and term deposits at the end of the March quarter of $20.1 million with no debt.
In the near term, the company awaits the outcome of well testing and separately the CBM tender process
The uranium miner said it had a cash balance of around £52.8mln (A$97mln) at the quarter-end as it awaits a key report on its Salamanca uranium mine
A deal would potentially tee up an ‘exploration/appraisal’ well next year
Tlou has seen a number of recent project milestones and it has now further strengthened its financial position
It removes any perceived near-term financial pressure from the company, said CEO Tony Gilby
The AIM-listed uranium mine developer said it will advise shareholders of the decision by Spain’s Supreme Court on the legality of these appointments as soon as it is received
The company earns revenues through oil and gas royalties held in 15 locations.
Anthony Ho has this month purchased 250,000 shares, taking his holding to more than 3.775 million.
The Boomslang licence covers 1,000sq km and takes the company’s total acreage in the area to 9,300 sq km
Funds raised will be used to fund the company’s US$9 million share of the GC-21 drilling program, redeem US$8.1 million of convertible notes as well as working capital.
Interpretation of the wireline logs is required to determine the potentially productive net oil pay in zones where oil and gas shows have been observed while drilling.
The decision to focus resources on its new oil discovery in the lower interval of the Ojinaga Formation resulted in the decision to obtain additional 2D seismic.
The company is working through negotiations with potential gas buyers for use on the domestic market while it progresses the scoping aspects of the lucrative fertiliser business case.
Red Emperor told its investors that 88 Energy had completed the programme on time and 'on or slightly under' budget
Carl E Gungoll Exploration LLC, a private independent Texas-based company, is participating for a 25% interest in the drilling of White Hat 20#3.
The share purchase agreement (SPA) includes all existing production infrastructure, storage tanks, yards and camp facilities.
The Gold Nugget Gas Project is currently producing but is under technical evaluation.
The firm said it observed strong gas indications whilst drilling, and it now awaits the completion of the well de-watering process
Carnarvon has attracted a great deal of interest with its oil & gas story in the last 12 months.