The UK’s largest onshore oil discovery in almost half a century sent shares in a handful of junior explorers gushing, Reabold Resources (LON: RBD) & Union Jack Oil PLC (LON: UJO). On Monday, data from the West Newton A-2 appraisal well, located in East Yorkshire, had indicated the project held around 189 billion cubic feet of gas, equivalent to around 31.3 million barrels of oil.
West Newton “potentially UK’s largest onshore hydrocarbon discovery since 1973”
The discovery is being touted as the largest for an onshore UK project since 1973. Share Talk spoke with David Bramhill, Executive Chairman of Union Jack Oil PLC (LON: UJO), which holds a stake of just over 16% in the West Newton project, said the results had well exceeded their expectations.
Share Talk Mobile Android App is available in Google AppStore
- Push notifications
- Icons marked against companies on your watchlist
- Refreshes your RNS feed every 60 seconds
- Dividends – AIM & Short position live updates
App Download Link play.google.com/store/apps
|
|
 Weekly Mining Highlights, 23rd June 2019
Looking back at news from London’s junior miners this week. Bushveld Minerals Ltd (LON:BMN), the vanadium producer, has provided a maiden mineral resource estimate for the Brits project in South Read More…
|
 Weekly Oil and Gas Highlights, 23rd June 2019
A look back at some of the highlights from London’s junior oilers over the past week. Hurricane Energy PLC (LON:HUR) generated its first-ever revenues after selling a tanker-load of oil Read More…
|
 Small cap movers from the junior market over the past week
Oil minnows sent gushing as drilling potentially unearths UK’s largest onshore gas field. The UK’s largest onshore oil discovery in almost half a century sent shares in a handful of Read More…
|
 Bitcoin Price Smashes Past $11,000 – Rushes to 15-Month High
By CCN Markets: The bitcoin price rally refuses to let up, and the dominant cryptocurrency just soared above $11,000 for the first time since March 2018. Around 12:00 UTC, investors Read More…
|
 Giant Brent Bravo Platform Journeys up River Tees
Crowds gather as giant Brent Bravo rig continues journey up River Tees to be scrapped Crowds gathered as the massive Brent Bravo oil rig continued its journey into Teesside Read More…
|
 ECR Minerals Progress on Creswick Gold Project – Australia
ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to provide an update in respect a recent site visit undertaken by the CEO at the Creswick Read More…
|
 BigDish Plc (LON:DISH) Operational Update
BigDish Plc (LON:DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce it has received the funds from the placing as announced on Read More…
|
 Chrysaor buys into Apache’s North Sea exploration acreage
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache. The deal gives Chrysaor 39.5% non-operated Read More…
|
 Tech firms to check suppliers after mining revelations in Tanzania by the Guardian
Electronics companies, including Canon, Apple and Nokia, are re-evaluating their supply chains following reports they may be using gold extracted from a Tanzanian mine that has been criticised for environmental Read More…
|
 Oil discoveries at Jorvik and Tellus East exploration wells
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) Read More…
|
 Turkish trouble for Cyprus as gas exploration expands
The search for natural gas off Cyprus is accelerating, with several companies due to drill new wells to confirm recent discoveries, test prospects and develop known resources. Cypriot Energy Minister Read More…
|
 Energy services giant Baker Hughes, a GE company (BHGE) opened its £31 million centre of excellence in Montrose this morning.
Scottish Energy Minister Paul Wheelhouse is due to speak at the inauguration ceremony for the base, which will deliver engineering, manufacturing, testing, assembly and services for deepwater technology. The project Read More…
|
 African Battery Metals plc (LON:ABM) Investment and Option Agreement with Katoro Gold
Paul Johnson Executive Director of African Battery Metals plc commented: “I am delighted to announce completion of this Investment and Option Agreement with Katoro Gold through which we have not Read More…
|
 Anglo Asian Mining (LON:AAZ) Prodigious cashflow AND bigger ‘system’ potential
Hardman & Co Research: Prodigious cashflow AND bigger “system” potential Anglo Asian Mining (AAZ) is a highly cash-generative miner of gold, silver and copper from four mines in Azerbaijan, where Read More…
|
 $10,000 Bitcoin Price Imminent in ‘the Days of Bitcoin Bug’
It’s looking rosy for bitcoin with a major milestone on the horizon, according to a prominent analyst. By CCN Markets: On CNBC’s Fast Money, Cornerstone Macro’s Carter Worth stated that Read More…
|
 Crypto Weekly, 19th June 2019 Market News
The rise of smaller rivals is throwing up a fresh challenge to Bitcoin. Even as Bitcoin has maintained its momentum, more than 2,000 altcoins are now posing the biggest Read More…
|
 Angus Energy PLC (LON:ANGS) Acquisition of Interest in Saltfleetby Gas Field
Angus Energy is pleased to announce, further to its announcement of 30 April 2019, the completion of a Farmin Agreement with Wingas Storage (UK) Limited (to be renamed and hereinafter Read More…
|
 Reabold Resources (LON:RBD) West Newton A-2 appraisal well
Further information in relation to the West Newton A-2 appraisal well Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased Read More…
|
 Lekoil Limited (LON:LEK) Final Results
Audited Final Results for the Year to 31 December 2018 LEKOIL (AIM: LEK), Africa focused oil and gas exploration and production company with interests in Nigeria, announces its final auditedRead More…
|
 Tlou Energy Ltd (LON:TLOU) Project Development Update
Tlou Energy Limited is pleased to announce that the Lesedi 3 production pod has successfully reached Critical Desorption Pressure (“CDP”). CDP is the pressure that gas begins to come outRead More…
|
 Facebook’s Coin Is Just Another Token
By CCN Markets: Bitcoin educator and promotor Andreas M. Antonopoulos published a new video today in which he pointed out that Facebook’s Libra project doesn’t amount to a “real” blockchain. Read More…
|
 US military firms likely to face China rare earth restrictions: Global Times
BEIJING: Military equipment firms in the United States will likely have their supply of Chinese rare earths restricted, the Global Times said on Monday (Jun 17), after China’s state economic Read More…
|
 Alexandra Karpova (Co-Founder & CEO at Millennium Communications) at TCE2019 Prague
The inception of new technologies has always been catalogued as a disruptor. There has never been such a technology that can carry the ability to disrupt ordinary business practices around Read More…
|
 Tlou Energy Ltd (LON:TLOU) Tony Gilby talking with Proactive’s Andrew Scott
Tlou Energy Ltd’s (LON:TLOU) Tony Gilby caught up with Proactive’s Andrew Scott while in London. Proactive Investors Stocktube Published on Jun 17, 2019 Tlou’s working with the Botswana Read More…
|
 West Newton “potentially UK’s largest onshore hydrocarbon discovery since 1973”
An investor in the West Newton well site in East Yorkshire has said it could be the UK’s largest onshore gas field and the largest onshore hydrocarbon discovery since 1973. Read More…
|
 Paul Johnson, Executive Director of African Battery Metals (LON:ABM) Written Q&A
Before we go into the main questions and discuss the Company, what are the five key reasons why investors should take the time to read this Q&A and why should Read More…
|
 Mkango Resources Ltd (TSX:LON:MKA) exercise of warrants raises £1,136,930.
Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”), the rare earths development company currently completing a Feasibility Study for the advanced stage Songwe Hill project in Malawi, announces the Read More…
|
 David Bramhill, Executive Chairman of Union Jack Oil PLC (LON:UJO) Interview
Discovery Potentially Largest UK Onshore Gas Field. Union Jack Oil plc (AIM: UJO), a UK focused on-shore hydrocarbon production, development and exploration company is pleased to announce positive preliminary results Read More…
|
 Ben Robson – The week of 17th-21st June 2019
US markets were little changed last week. US Consumer Prices again faltered, coming in at 2.0% Y/Y for May versus expectations of 2.1%. Headline US retail sales missed the mark Read More…
|
 Share Talk Weekly Stock Market News, 16th June 2019
The inaugural PICANTE Tech Conference Europe, 3-4 September in Prague, focusing on the tech industry’s hot topics like A.I. by SMEs, Blockchain, Fintech in Europe, A.R./V.R., 5G in the IoT segment, Nanotech, Read More…
|
 Weekly Mining Highlights, 16th June 2019
A look back at the top news from London-listed junior miners this week. Asiamet Resources Ltd (LON:ARS) has brought the market a trio of updates, all from the Beruang Kanan Read More…
|
 Weekly Oil and Gas Highlights, 16th June 2019
It was a quieter week in the junior oil and gas sector. The countdown is on for the start of Eco Atlantic Oil & Gas Ltd’s (LON:ECO, CVE:EOG) high impact Read More…
|
 West Newton A-2, could this be the biggest gas discovery in the UK this decade?
Does the price action justify the narrative in a share? Ironically that makes the narrative less compelling, but people don’t know it at the time! I take a look at Read More…
|
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned
