Southern Palladium Limited’s Post

Completing the option exercise remains subject to: 1)The final approval of the #TSXV and 2)Sociedad de Servicios Andinos SpA performing the remainder of its obligations under the option agreement. A central location in a new copper-cobalt district, combined with a strong global interest in cobalt for electrification, makes San Pietro a flagship project for value creation in Golden Arrow’s portfolio. #mineriachile #miningstocks

BP Commits to its Largest Global Investment in Azerbaijan. BP has advanced a plan to invest another $370 million in the first phase of long-term exploration aimed at identifying additional resources and extending the life of Azerbaijan’s Azeri-Chiraq Deepwater Gunashli (ACG) field. The five-year program will be implemented by Caspian Geo LLC, which has started the acquisition of a new 4D high-definition ocean-bottom node seismic program over the ACG field in the Caspian Sea. According to the operator, BP, this represents the company’s largest seismic acquisition commitment globally in terms of area size, cost, and duration. 

🚀 Unveiling Potential: Saudi Arabia’s 5th Exploration Licensing Round 🚀 The Ministry of Industry and Mineral Resources has officially opened the proposal phase for the 5th Exploration Licensing Round, offering access to six premium exploration sites. As specialists in the field, Mining Experts is poised to help savvy investors navigate the exploration and mining industry in Saudi Arabia. Key details include: • Six sites enriched with minerals like copper, gold, zinc, silver, and lead. • Locations spanning the strategic regions of Najran, Riyadh, Asir, and Makkah. • A clear timeline with a proposal submission deadline on May 1, 2024, and bidder announcements due in June 2024. The Saudi Arabian mining sector is a landscape ripe with opportunity, backed by a commitment to economic diversification and growth. For investors ready to dive into this promising industry, Mining Experts offers unparalleled insights and support to enter this vibrant market. #MiningExperts #SaudiMining #InvestmentOpportunity #MiningSector #EconomicGrowth #ResourceExploration

Arrow Exploration CEO Marshall Abbott presented at the Proactive One2One Investor Forum, detailing the company's ongoing success and future activity in Colombia. Key topics discussed included: ➡️Operations in two opportunity-rich basins, with recent drilling success increasing production to 5,400 barrels per day ➡️Innovative approach to horizontal drilling, helping to unlock six hydrocarbon-bearing zones in wells drilled to 10,000 feet. ➡️Commitment to achieving 10,000 barrels per day within three years ➡️Low-cost operation, with each horizontal well costing $2.1 million and paying out quickly Watch the full presentation below ⬇️

Touchstone Exploration readies Cascadura wells for production after ‘highly promising’ initial tests @TouchstoneExp #AIM #TSX #OTC #TXP #PBEGF. Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) has revealed positive initial findings from the Cascadura-2ST1 and Cascadura-3ST1, its new wells at the Cascadura field, on the Ortoire block in Trinidad and Tobago. The company said it has successfully completed the wells and observed a significant presence of gas – it noted wellhead pressure reached 3,600 psi following perforation of the Herrera Formation in 2ST1, and 2,665 psi in 3ST1 – whilst it works to complete connection to the field’s gas-processing... http://ow.ly/64Hs105Kp2X

Combining exploration, city-building and complex resource management, Scorchlands 1.0 is out now https://bit.ly/3LDCczp

🌍🛢️ BP and Eni Venture into Namibia’s Orange Basin with Azule Energy Joint Venture 🌍🛢️ In a strategic move, BP and Eni have secured an operating stake in a promising exploration license in Namibia’s Orange Basin, situated near Galp Energia’s significant Mopane discovery and adjacent to Shell’s five exploration successes. This collaboration marks a significant development in the exploration landscape of the prolific southern African hydrocarbon region, with ExxonMobil being the sole supermajor not currently involved in this exploration activity. Azule Energy, a 50:50 joint venture between BP and Eni that consolidates their Angolan assets, has partnered with Rhino Resources to access Petroleum Exploration Licence 85, encompassing Block 2914A. The joint venture is set to kick off a two-well exploration campaign later this year, signaling a new chapter in the exploration of Namibia’s Orange Basin. #BP #Eni #AzuleEnergy #Namibia #OrangeBasin #Exploration #OilandGas #EnergyIndustry #HydrocarbonPlay 🌍🛢️🔍

Arrow Exploration Corp. (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott delivered an engaging presentation at the Proactive One2One Investor Forum, detailing the company's journey since its establishment in Colombia in 2017. With a backdrop of favourable #oil prices and successful field operations, #ArrowExploration has seen significant growth. Operating in Colombia's rich #hydrocarbon basins, the company boasts a productive capacity exceeding 3,000 barrels per day and holds reserves of 11.8 million barrels on a 2P basis. Financially stable, Arrow Exploration sits on $15 million in cash, generating monthly cash flow of approximately $2.8 million. The company has outlined a $45 million capital expenditure for the year, fully self-funded, expecting to conclude with $13 to $14 million in the bank post the drilling of 15 wells. Watch at #Proactive #ProactiveInvestors https://lnkd.in/emDfEbbh

Ministry of #Industry_and_Mineral_Resources announces the winners of the fourth exploration licensing rounds of the Accelerated Exploration Program for Bir Umq, Jabal Sahabiyah and Umm Hadid exploration sites. #FutureMineralsForum #FMF2024

A new Video on Infrastructure Led Exploration (ILX) - https://lnkd.in/eyjsnH7u •Infrastructure led exploration (ILX) is exploration for oil and gas in areas adjacent to existing production facilities in mature basins •The use of existing infrastructure has several benefits •Lower costs through synergies •Prolonging the life of existing fields by filling ullage •Faster time to production •May be lower geological risk than more remote areas •But it is not without challenges •Fluids and processing facilities compatibility •Platform modifications may be needed •Commercial issues if different JV partnerships (tariffs etc) need to be overcome #petroleum #oilandgas