Meridian Petroleum (MRP) has sold its interest in the Orion 36 well in Michigan, USA.Wellmaster Production Company will acquire the 72.75% interest together with the associated leases and production facilities for US$207,000 as of 10 June 2009.
Maple Energy (MPLE) started drilling the first exploration well on the Santa Rosa oil prospect in Block 31-E in Peru, on 26 June 2009. The company is targeting Cretaceous sands and various objectives within the Paleozoic sequence. First targets are expected to be reached in two to three weeks. Drilling to total depth of 14,750 feet will take four to six weeks, for a total budget is US$17m.
Lapp Plats (LPP) is placing 35m new shares with institutional and other investors at a price of 12p, to raise £3.9m net. The company will be renamed Cove Energy Plc.
Ariana Resources (AAU) announces its first gold production from the Sindirgi Gold Project. This follows the conclusion of trial mining at the Arzu South vein at the Kiziltepe deposit by Ariana's subsidiary, Galata Madencilik San. ve Tic. Ltd. and the processing of its ore at the Gümüsköy plant by Eti Gümüs A.S.
Centamin Egypt (CEY) announces that the first gold from the Sukari Gold Project was poured on Friday, 26 June 2009. This milestone marks the commencement of production and commissioning at the Sukari gold mine ahead of the commercial ramp up of production, which is anticipated over the coming months.
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