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Ithaca ups stake in Cygnus gas field

Offshore Energies UK

Independent producer Ithaca Energy has bought a further 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of 116mn, it said in a stock exchange statement May 20. Two months ago Ithaca bought a stake in the Seagull field. Two months ago Ithaca bought a stake in the Seagull field.

Field 52
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Agiba Develops Iris Field in Record Time Producing 8,500 boe/d

Egypt Oil & Gas

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.

Field 52
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The Value of This LARGE SCALE Gold Deposit Is Getting Ready to Jump

Oil and Gas Investments

At Goldshore, a lot of the heavy lifting has been done 235,000 meters of drilling and initial metallurgical work!!! To me, the essence of the investor story for Goldshore is–the value gap between Inferred and M&I ounces is BIG–and easy for Goldshore after that amount of drilling. Ideally in North America.