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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pilbara Minerals Limited | TG:PLR | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.048 | -2.77% | 1.685 | 1.6488 | 1.70 | 1.6994 | 1.636 | 1.6454 | 44,153 | 22:50:00 |
RNS Number:1346Q Paladin Resources PLC 24 September 2003 PALADIN RESOURCES plc ("Paladin") Re: Statement by BG Group The Board of Paladin notes the announcement made today by BG Group in relation to the Blake oil field, in which Paladin holds a 2.4% interest: "BG announces first production from Blake Flank oil development BG Group - with partners Talisman Energy and Paladin Resources - has announced first oil from the North Sea Blake Flank development. First production, which was scheduled for the third quarter of 2003, began on Monday 22 September. The estimated flow rate was 5200 barrels of oil per day. The Blake Flank development lies 64 miles from Aberdeen in the Outer Moray Firth, immediately adjacent to the original BG-operated Blake Channel field, which was brought on stream in June 2001. BG Group is the field operator and holds a 44% interest, with Talisman Energy holding 53.6% and Paladin Resources 2.4%. Speaking today, Jon Wormley, BG Executive Vice President and Managing Director, UK, said: "The development of Blake Flank was made possible through the efficient use of existing infrastructure. Achieving first production only ten months from project sanction is a tribute to the co-operative working of the Blake partners. Thanks should also go to the contractors and the neighbouring Ross Field Group, who were instrumental in helping complete the tight project deadlines." The Blake Flank facilities are tied into the existing Blake Production Manifold. The increased oil production rate of the combined development holds the potential for extending the economic life of the Blake field. Design, fabrication and installation of the subsea flowlines and umbilicals was completed by Technip UK Ltd. Subsea controls work was undertaken by Kvaerner Oilfield Products Ltd, with the subsea Christmas trees being supplied by Cameron Cooper. Drilling operations were completed, using the Global Santa Fe semi-submersible rig Glomar Arctic IV". 24 September 2003 Ends Enquiries Paladin Resources plc Tel: 020 7024 4500 Roy Franklin College Hill Tel: 020 7457 2020 James Henderson Phil Wilson-Brown This information is provided by RNS The company news service from the London Stock Exchange END MSCNKQKBPBKDBCB
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