The Wressle field is expected to double Europa Oil & Gas Plc’s (LON:EOG) net production when it comes online in early 2017.
Wressle is being fast-tracked to production following a successful exploration well which delivered excellent flow rates in testing last summer. A new third party assessment has now rubber stamped the field’s commerciality.
In other news, women's infertility treatment developer Concepta PLC (LON:CPT) has done a deal to make its products in China.
Concepta has signed a manufacturing agreement with Shijiazhuang Huanzhong Biotech Limited to assemble and package Concepta’s My Lotus fertility product.
Over at Condor Gold PLC (LON:CNR), it continues to develop its La India gold project in in Nicaragua and a technical review for its environmental permit for the 2,800tpd (tonnes per day ) processing plant has been passed.
The EIA was submitted last year for the facility, which will be capable of producing around 100,000 oz gold per annum at an all in sustaining cash cost of US$700 per oz gold.
Elsewhere, recent gold price strength has increased the range of funding options open to KEFI Minerals PLC (LON:KEFI).
Commentary accompanying the company’s interim results for the six months to June 2016 spoke of “an experienced development team and first-tier backers” which will combine for the financing and construction of the Tulu Kapi gold mine in Ethiopia.
Meanwhile, North River Resources PLC (LON:NRRP) is to critically assess how it will progress its Namib lead- zinc project in Namibia, it told investors in half year results.
The junior is now debt free and has US$2.5mln in working cap following a US$5.6mln financing and capital reorganisation.
Over at Metal Tiger plc (LON:MTR) has identified over 350,000 tonnes of copper so far at its T3 target in Botswana, according to a JORC resource published today.
Total resources were estimated at 28.36Mt at a grade of 1.24% copper and 15.7g/t of silver to give a resource for the prospect of approximately 350,200t.
And finally, shares in MySQUAR Ltd (LON:MYSQ), the Myanmar-language mobile app specialist, opened sharply higher as it said its Hawk Hero game has continued to sell well.
The app was released on 12 September and continues to achieve “very encouraging results”, the company revealed, sending the shares up from 4.875p at Friday’s close to 5.90p in early deals.