The order, dated December 16 sanctions the Scheme of Arrangement subject to compliance with stipulated directions.According to the company’s official announcement, the NCLT approval paves the way for the demerger of Vedanta into four independent, pure-play listed companies, in addition to the currently listed Vedanta, thereby creating a total of five separate listed entities.The execution of this transformational demerger is now underway, subject to obtaining further regulatory and stakeholder approvals.Th ...

Advancing production test at Kavango West 1X discovery and seismic reprocessing at NguluCALGARY, Alberta, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC), is pleased to provide a year-end corporate operational update. Brian Reinsborough, President & CEO, commented: “We have had an active and productive 2025 in which we advanced the Company on multiple strategic fronts. We completed drilling our secon ...

Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia's national oil company Namcor. ...

Core Insights - Angkor Resources Corp. has announced a new gold target named CZ Gold located on the west side of the Canada Wall prospect in Cambodia's Andong Meas exploration license [1][2] - The mineral exploration team identified the target based on physical workings from a tunnel, revealing a quartz stockwork with an apparent thickness of 30 meters [2] - The company plans to conduct a surface trenching and sampling program in Q1 of 2026 to further investigate the quartz stockwork and subsequently plan a diamond drill program [8] Exploration Details - The CZ Gold target consists of multiple shallow trenches and a 47-meter-long tunnel excavated by artisanal miners, located on a steep slope [2] - Historical drilling in 2012 did not intersect the quartz stockwork zone but revealed granite and 'bucky' quartz, which are often found near gold deposits [3] - The rainy season from June to November is utilized for reviewing all prospects, samples, assays, and core from the licenses [6][7] Safety and Monitoring - The company is monitoring the border conflict between Thailand and Cambodia, which has led to evacuations and school closures in nearby communities [10] - Although the Andong Meas mineral license is far from the conflict, all activities in the northwest are currently on hold to ensure staff safety [10] Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [12] - The company holds two mineral exploration licenses in Cambodia, with multiple prospects in copper and gold [12] - Its energy subsidiary, EnerCam Resources, is advancing oil and gas exploration activities in Cambodia, aiming to establish the country as an oil and gas producer [13][14]

Record Resources Announces Upsize of Offering to $1.8 Million to Advance Strategic Growth Initiatives in Gabon, AfricaDecember 08, 2025 3:30 PM EST | Source: Record Resources Inc.Calgary, Alberta--(Newsfile Corp. - December 8, 2025) - Record Resources Inc. (TSXV: REC) (the "Company" or "Record") is pleased to announce that, due to strong investor demand, it has upsized its previously announced brokered private placement offering from $500,000 to $1,800,000 (the "Offering") of units of the Comp ...

Eco Atlantic has entered into a strategic offshore exploration partnership agreement with Navitas Petroleum, granting the Israeli company exclusive options to acquire significant stakes in exploration blocks offshore Guyana and South Africa. As per the agreement terms, Navitas will make a payment of $2m to Eco Atlantic to secure farm-in options for the Orinduik block offshore Guyana and Block 1 CBK in South Africa’s Orange basin. In Guyana, Navitas can exercise an option to take an 80% operating stake in ...

UK-based energy company Pennpetro Energy has unveiled plans to advance the Limnytskyi oil and gas exploration licence in western Ukraine. In October this year, the company signed an agreement to acquire the licence, held through a Polish holding company. Pennpetro plans to reanalyse existing seismic data and complete the necessary environmental and drilling permits, road repairs and pad construction. The analysis aims to enable re-entry into a historic well by drilling a sidetrack to a depth of approxim ...

Reconnaissance Energy Africa (ReconAfrica) shares surged more than 50% on Tuesday after the company announced its Kavango West 1X exploration well in northeastern Namibia encountered significant hydrocarbon pay zones. The well, drilled on Petroleum Exploration Licence (PEL) 73, has delivered the most encouraging data to date for the company’s onshore Damara Fold Belt play. According to ReconAfrica, the well penetrated roughly 400 metres (1,300 feet) of gross hydrocarbon-bearing section in the Otavi reserv ...

Core Insights - Reconnaissance Energy Africa Ltd. has successfully drilled the Kavango West 1X well, encountering hydrocarbon pay in the Otavi reservoir section, which allows the company to proceed with a success case evaluation and production testing planned for the first quarter of 2026 [3][4][9] Well Details - The Kavango West 1X well reached a total depth of 4,200 metres (13,800 feet) and has been temporarily abandoned until testing equipment arrives [4] - Extensive wireline logging indicates approximately 85 metres (280 feet) of net reservoir with 64 metres (210 feet) of net hydrocarbon pay across a gross interval of approximately 400 metres (1,300 feet) [5][9] - An additional 61 metres (200 feet) of hydrocarbon shows were identified in deeper sections, where interpreted natural fractures may enhance hydrocarbon deliverability [9] Production Testing - A production test will be conducted using Tubing-Conveyed Perforations (TCP) to determine deliverability characteristics of the identified hydrocarbon pay and additional oil and gas shows [7] - The testing is anticipated to last approximately one month and will focus on the 64 metres of hydrocarbon pay and the additional 61 metres of oil and gas shows [7] Company Operations - ReconAfrica operates Petroleum Exploration Licence 73 with a 70% working interest, alongside partners BW Energy (20% WI) and NAMCOR (10% carried WI) [8] - The company is engaged in exploration activities in the Damara Fold Belt and Kavango Rift Basin, covering approximately 13 million contiguous acres [10]

PresentationJeffrey RobertsonWater Tower Research LLC Thank you for joining us today for a fireside chat with chief Executive Officer, George Maxwell from VAALCO Energy. I am Jeff Robertson, Managing Director for Natural Resources at Water Tower Research. Before we begin, I would like to remind participants that our discussion today could include forward-looking statements as of today, December 2, 2025. VAALCO's disclosures regarding such statements can be found on the Investor Relations tab of its corporat ...