Tlou Energy reports drilling progress on time and in budget at Lesedi project (TLOU)

Tlou Energy (LSE:TLOU) was up 2% today as it updated the market on drilling operations at the Lesedi project in Botswana. Tlou is drilling pilot production wells and, if successful these wells will form part of the Company’s initial gas-to-power project. Future operations will include installation of transmission lines and grid connection to the company’s…

Reabold completes 37% investment in Rathlin Energy for exposure to ‘premier UK onshore opportunity’ (RBD)

Reabold Resources (LSE:RBD) announced the completion of its investment in Rathlin Energy (UK) Ltd today. The investment is for 37.08% of Rathlin who hold a 66.67% equity interest in the PEDL183 license UK onshore. The license contains the significant West Newton A-1 gas discovery with a Best Estimate Contingent Resources of 189 Bcf of gas…

Hummingbird begins Yanfolila remediation work as it revises down 2018 gold production guidance (HUM)

Hummingbird Resources (LSE:HUM) sat at 17.8p today after offering further clarity around the operational issues at its producing Yanfolila Gold Mine that have severely damaged investor sentiment. The Liberia-focused business has struggled to recover since falling from 26p last month after revealing stability issues at the western wall of Yanfolila’s Komana East pit that required…

Amerisur Resources’ CFO Harrison on last week’s ‘win-win’ farm-out with Occidental (AMER)

Amerisur Resources (LSE:AMER) was up as much as 30% in trading on Friday after announcing a farm-out worth $93.25m. The deal is with Occidental Andina, an affiliate of Occidental Petroleum Corporation, that has operations in the U.S., Middle East and Latin America. The farm-out blocks are all in the Putumayo region in southern Colombia, and,…