SpaceX IPO launches today. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEDL.L Regulatory News (EDL)

  • There is currently no data for EDL

Exploration update

16 May 2011 07:00

RNS Number : 6188G
Edenville Energy PLC
16 May 2011
 

16 May 2011

EDENVILLE ENERGY PLC ("Edenville" or the "Company")

 

Coal Exploration Update, Tanzania

 

Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today provides an update on activities on its projects in southern Tanzania.

 

The drilling contractor Edenville has engaged to undertake a programme of diamond core drilling at the Rukwa Coalfields project is scheduled to start operation in early July. The Company is undertaking site preparation for both access and construction of drill platforms at the Namwele and Mkomolo deposits. Holes will be drilled vertically with average depths of 100m with some holes planned to 200m.

 

During 2011 the Company has undertaken comprehensive geological survey work over the Namwele and Mkomolo deposits. This work has been supported by manual pitting and trenching to expose the underlying geology, which tends to be covered by 3-4m, on average, of overburden. The objective of this work was the delineation of the underlying Karoo-aged sediments, and to aid in drill planning through identification of shale units which host the coal measures and occur in close proximity to the underlying basement gneisses. 7km of strike length and 3km of strike at Mkomolo and Namwele, respectively, will be investigated during the drill programme.

 

The Company has field crews making survey visits to the recently acquired licences near Kiwira in order to develop an exploration programme and to identify key target zones. A defined programme is expected to be complete by the end of this half.

 

Simon Rollason, Chairman of Edenville, commented that "The work completed at Rukwa over the past months has provided the information necessary to facilitate planning of the impending drill programme. We remain on course with our previous goal of identifying a maiden JORC compliant resource at the Rukwa project during the year. Edenville is also in the process of initiating prospecting on additional projects in our portfolio for the presence of near surface coal. We are scheduled to complete the preparation work for drilling at our Rukwa Coalfield project imminently and to commence our fully funded exploration drilling programme on these licences directly afterwards."

Contact:

Edenville Energy plc

Simon Rollason - ChairmanRakesh Patel - Finance Directorwww.edenville-energy.com

 +44 (0) 20 7099 1940 

ZAI Corporate Finance Ltd

Ray Zimmerman/ Marc Cramsie

+44 (0) 20 7060 2220

Threadneedle Communications

Laurence Read

+44 (0) 20 7653 9855

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGURGAUPGGQA
Date   Source Headline
11th Jun 20122:53 pmRNSHolding(s) in Company
6th Jun 20129:04 amRNSOperations Update
6th Jun 20128:57 amRNSAnnual Financial Report
31st May 20127:00 amRNSAnnual Financial Report
30th May 20121:52 pmRNSHolding(s) in Company
11th May 20127:00 amRNSOperations update, Tanzania
26th Apr 20127:00 amRNSHolding(s) in Company
19th Apr 20121:22 pmRNSResource Report and Update
19th Apr 20129:45 amRNSHolding(s) in Company
13th Apr 20124:59 pmRNSHolding(s) in Company
11th Apr 20127:00 amRNSHolding(s) in Company
2nd Apr 20127:00 amRNSJORC Resource Estimate -- Mkomolo
27th Mar 20127:00 amRNSJORC Assessment Update
9th Mar 20127:00 amRNSHolding(s) in Company
27th Feb 20121:12 pmRNSHolding(s) in Company
17th Feb 20124:38 pmRNSHolding(s) in Company
15th Feb 20129:37 amRNSDrilling Report
9th Feb 20127:00 amRNSHolding(s) in Company
7th Feb 20123:38 pmRNSHolding(s) in Company
6th Feb 201212:51 pmRNSHolding(s) in Company
6th Feb 20127:00 amRNSHolding(s) in Company
2nd Feb 201211:11 amRNSHolding(s) in Company
2nd Feb 20127:00 amRNSHolding(s) in Company
1st Feb 20127:00 amRNSHolding(s) in Company
31st Jan 20121:07 pmRNSIssue of Equity
13th Jan 20127:00 amRNSHolding(s) in Company
11th Jan 20127:00 amRNSHolding(s) in Company
10th Jan 20127:00 amRNSHolding(s) in Company
4th Nov 20117:00 amRNSOperational Update
28th Oct 20117:00 amRNSHolding(s) in Company
25th Oct 20119:33 amRNSDirector/PDMR Shareholding
11th Oct 20117:00 amRNSHolding(s) in Company
6th Oct 20117:00 amRNSDrilling Report
22nd Sep 20117:00 amRNSInterim Results
7th Sep 20111:26 pmRNSHolding(s) in Company
1st Sep 201111:25 amRNSHolding(s) in Company
30th Aug 20117:00 amRNSRukwa - Results from first Drill Hole
18th Aug 20117:00 amRNSHolding(s) in Company
10th Aug 20119:00 amRNSHolding(s) in Company
8th Aug 20117:00 amRNSHolding(s) in Company
28th Jul 20117:00 amRNSHolding(s) in Company
28th Jul 20117:00 amRNSHolding(s) in Company
26th Jul 201112:57 pmRNSHolding(s) in Company
25th Jul 20117:00 amRNSCommencement of drilling at Rukwa
7th Jul 20117:00 amRNSHolding(s) in Company
6th Jul 201110:52 amRNSHolding(s) in Company
1st Jul 20115:20 pmRNSResult of AGM
29th Jun 201111:16 amRNSHolding(s) in Company
27th Jun 201112:11 pmRNSHolding(s) in Company
21st Jun 20117:00 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.