Shares in Texan oil firm Empyrean Energy moved to a 52-week high on the back of a production update for new wells completed recently on the group's Sugarloaf project. The group has nine wells on the go at the project and has a 3.0% working interest in each of them. The two biggest producers - Davila 1H and Davila 2H - produced an average of 1,123 barrels of equivalent per day over a 30-day period, the group revealed.
African Eagle Resources has unveiled an upgraded JORC (Joint Ore Reserves Committee) compliant resource estimate for the Wamangola deposit, part of the Dutwa Nickel project. The new resource estimate, combined with the associated resource estimate at the nearby Ngasamo deposit which was also recently upgraded, raises the total estimated resource at the Dutwa Nickel Project to 107m tonnes at 0.92% nickel content (Ni).
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