Gulf starts at Sheikh Adi-2 25/05/2012
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Horizonte Minerals (HZM) says drilling at Brazil's Falcao gold project shows grades ranging from 0.93 to 20.7 grammes of gold per tonne of ore.
The AIM-quoted company indicates that the ten-hole first phase of drilling at Falcao, in the Carajas district of northern Brazil, also shows intercepts including 11.1 metres with 1.21 grammes a tonne, 15.67 metres with 1.677 grammes a tonne and one metre with 20.26 grammes a tonne.
Highlighted by Growth Company Investor at 10p last year, Horizonte shares now trade at 11.25p, valuing the company at £34.5 million. Hold on for now.
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Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Oil giant Shell is extending its offer period for Mozambique-focused Cove Energy (COV) after having its bid trumped by Thai government-owned PTT Exploration & Production.
Kazakhstan-focused Roxi Petroleum (RXP) has declared that its NK7 well in the Galaz aea has drilled to a depth of 1,360 metres.
Steered by sector veteran Algy Cluff, North-Sea focused cash shell Cluff Natural Resources (CNR) has joined AIM.
Somalia-focused oil explorer Red Emperor Resources (RMP) has exercised its option to take part in the drilling of the Shabeel North well.
Oil concern Heritage Oil (HOIL) has reported its Miran West-3 well in Iraq could deliver 1,000 barrels per day of condensate.