Resource round-up: Forum Energy, Berkeley Resources, Jupiter Energy, Hardy Oil & Gas

UK oil and gas firm Forum Energy has confirmed its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought. In an announcement to the Philippines Stock Exchange earlier, Philex Petroleum Corp said Forum had a report that "is expected to show an improvement in the resources previously known". Forum said the report would be shown to the board later this week. The ownership of the territory is currently disputed by China and the Philippines.

UK oil and gas firm Forum Energy has confirmed its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought. In an announcement to the Philippines Stock Exchange earlier, Philex Petroleum Corp said Forum had a report that "is expected to show an improvement in the resources previously known". Forum said the report would be shown to the board later this week. The ownership of the territory is currently disputed by China and the Philippines.

Uranium producer Berkeley Resources announced encouraging results from initial drilling at its Villares Prospect, located about 7km north of the Retortillo deposit in Spain. "These initial results confirm the presence of shallow high grade mineralisation at Villares and show the potential to identify additional uranium resources in outcropping and covered areas within proximity to the Retortillo and Santidad deposits'" the firm said.

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