The share purchase agreement (SPA) includes all existing production infrastructure, storage tanks, yards and camp facilities.
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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.
The City broker's analysts said: “Focus will now shift to the proposed farm-out of the Icewine conventional portfolio, where a deal is targeted this quarter”
The Botswana authorities reviewing the project tenders will now evaluate the financial elements of the two rival proposals
Only 10% of the country’s demand is being met by local gas supplies and as a result, prices are high.
Company CEO Adrian Cook presented to investors at this week’s Proactive CEO Sessions.
The uranium market has strengthened in recent months
The company will provide further information on the first production date once a hot tap date has been secured with the pipeline operator.
Last week, it was revealed that CVN will enter the S&P/ASX 300 (INDEXASX:XKO).
The company, which is focused on hydrocarbons, is initiating a capital raising under its existing ASX placement capacity.
The agreement with the municipal authority and a business council paves the way for a future mining licence application for the rare earth project.
The explorer saw shows but they are not expected to correspond to commercial crude volumes
“We are proceeding with a series of value-adding field operations, the most significant of which is the drilling of initial development wells which is on-going"
Winx-1 is targeting multiple objectives for some 400mln barrels of gross prospective resources, which is 144mln net to 88 Energy
The oil and gas company renovated the ward which was officially opened on February 22, 2019.
The nickel-cobalt deposit is shallow and flat lying, with the laterite-style mineralisation occurring from surface to around 50 metres depth.
The company is a leading provider of drilling services to the global exploration, mining and energy industries.
“The north slope of Alaska offers vast potential remaining to be discovered,” said chairman Michael Evans
Tlou anticipates initial production performance statistics will be available during the second quarter of this year
Winx-1 is targeting multiple objectives for some 400mln barrels of gross prospective resources
The milestone achievement provides the company with the data and evidence it needs to have a portion of its resource north of Leigh Creek upgraded to reserve status.
The increase in reserves across the acreage confirms the project’s long-term potential.
88 Energy said regular updates will be made during drilling operations.