The company is currently focused on its Wizard Lake oil discovery in Canada.
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The mine developer plans to base its management out of Madrid as it seeks to advance the Salamanca mine project.
"We are very pleased to have now reached CDP at both the Lesedi 3 and Lesedi 4 production pods,” said Tony Gilby.
Subiaco-based Brookside is hoping to increase its acreage by 3,600 acres to 6,000 acres by the December 2019 quarter as it executes its acreage re-evaluation business model.
The exploration well offshore WA will be drilled down to the planned total depth of 5,100 metres.
The company has been granted a trading halt by the ASX until Monday, July 8, or when an announcement is released.
A review has identified Yarrow as a low capex option to provide near-term revenues, complementing the Flax project.
The well is being drilled offshore from Port Hedland in Western Australia.
Operations continue to bring the coal bed methane project towards flow testing.
The company’s focus is on restarting operations using six existing production wells given low capex, streamlined timetable options and substantial infrastructure.
The company is initially focused on near-term cash flow projects with low capex.
Berkeley Energia enjoys considerable local support for its development of Salamanca
Chairman Michael Masterman and non-executive director Kevin Bailey have this month increased their holdings in the company.
Advisors have been appointed to consider a possible listing on the AIM, the London Stock Exchange’s international market for smaller growing companies.
The company’s initial focus is on the advanced Eastman and Landrigan volcanic-hosted massive sulphide (VHMS) prospects, identified by prior explorers.
Berkeley Energia owns the Salamanca uranium project in Spain
The company aims to bring the Selva Malvezzi gas field in Italy into production next year
A deal for the conventional portion of the Project Icewine asset is expected in the coming weeks, while the formal process for the shale project will come later in the year.
Diamond drilling at the project now totals 10 holes for 1,695 metres of the planned 2,000.
Whitebark has commenced the next phase of development at the Wizard Lake Oil Pool Project in Canada.
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.