PERTH: AVZ Minerals Limited has notified an equity placement of A$14.1 million to Yibin Tianyi Lithium Industry Co., Ltd through the issue of 314.3 million shares at 4.5 cents per share. Upon completion of the placement, Yibin Tianyi will hold a 12% stake in AVZ Minerals. Yibin Tianyi is backed by a number of Chinese…
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Alliance Resources commences RC drilling at Weednanna Gold Deposit
VICTORIA: Alliance Resources Ltd has announce that the next phase of reverse circulation (RC) drilling has commenced at the Weednanna Gold Deposit, 40km north of Kimba on the Eyre Peninsula, South Australia. The drilling program consists of 57 RC holes totalling 5,220m which will drill out the Shoot 1 area on a 10m x 10m…
Ithaca completes $2 billion acquisition of Chevron North Sea Limited
LONDON: Ithaca Energy Limited has completed the $2 billion acquisition of Chevron North Sea Limited (CNSL). The transaction provides a material and important step up in the scale and breadth of the Company’s asset base, adding ten additional producing field interests to the existing portfolio, along with a wider portfolio of investment opportunities from which…
Kalamazoo commences drilling at Castlemaine Gold Project
VICTORIA: Kalamazoo Resources Limited has successfully commenced its Stage 1 diamond drilling campaign within EL6679 of the Castlemaine Gold Project. This initial drilling program is designed to test the encouraging results and interpretations of the extensive ground geophysical surveys and 3D structural modelling recently carried out by Kalamazoo. The program forms the first part of…
Golden Mile acquires 14 prospecting licences from CGM(WA)
SYDNEY: Golden Mile Resources Ltd has signed a Binding Terms Sheet to acquire fourteen (14) granted prospecting licences from CGM(WA) Pty Ltd, a wholly owned subsidiary of Chalice Gold Mines Limited. The acquisition of the Prospecting Licences is subject to satisfactory completion of due diligence. These Prospecting Licences are adjacent to the Company’s existing ground-holdings…
DOF Subsea gets contracts in Trinidad and GoM
OSLO: DOF Subsea has announced multiple contract awards from undisclosed clients in two important growing regions, Trinidad and US GoM. Skandi Neptune has been awarded a 3-year frame agreement for IMR and light construction services with a major operator in Trinidad. She will commence operation in Trinidad late November for the 1st offshore inspection campaign….
Exploration commences at Lamil Project in Western Australia
SUBIACO: AIC Mines Limited has commenced initial field work at its Lamil Gold-Copper project in the Paterson Province, East Pilbara, Western Australia. The Lamil Project is a conceptual exploration project with a previously unrecognised and untested Telfer look-alike “domal” aero magnetic signature. The project secures an area of 1,375km2 and is located midway between the…
Bass Oil commences production from Bunian Field
SYDNEY: Australia’s Bass Oil Limited has announce that the Bunian 5 well has commenced production testing from the TRM 3 sandstone, one of the two productive oil reservoirs in the well. The well averaged 1128 barrels of oil per day with a two percent water cut. Production was recorded on a fully open choke with…
10 well appraisal program commences in Cooper Basin
SYDENY: Cooper Energy has announced a 10 well appraisal program by the PEL 92 joint venture commenced with the spudding of Callawonga-22 on November 5, 2019. Callawonga-22 is the firstof4appraisal wells to be drilled at the Callawongaoil field, to be followed by 4 wells at the Butlers oil field and 2 wells at the Rincon…
South32 sells interest in South Africa Energy Coal
PERTH: South32 Limited has entered into a binding conditional agreement for the sale of 91.835% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal, SAEC) to a wholly-owned subsidiary of Seriti Resources Holdings Proprietary Limited (Seriti) and two trusts which will acquire and hold equity on behalf of employees and communities. Subject…
Japan to launch a special training programme for Pakistan
ISLAMABAD: Japan, which is already undertaking various training programs in the energy sector of Pakistan for emerging energy and LNG markets, will soon a training program specifically designed for Pakistan. Kuninori Matsuda, the Ambassador of Japan to Pakistan along with Ryo Minami, Director General, Agency for Natural Resources and Energy, Japan called on the Special…
BW LPG enters agreement to sell two Large Gas Carriers
SINGAPORE: BW LPG Limited has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet BW Nantes and BW Nice, both built in 2003 and with a carrying capacity of 59,400 cbm each, will be delivered within Q1 2020. The sale is expected to generate approximately…