With the final go-ahead for construction expected later this year, this work will include finalising the design scope, execution plan, budget and schedule, which the company said will reduce project risk and ensure the design can deliver maximum value from the “giant” Nanushuk reservoirs. Oil Search (OSH) has begun front-end engineering and design (FEED) work for phase one of its US$3 billion (roughly A$3.8 billion) Pikka Project. Oil Search is up 1.23 per cent to $4.10 per share.Pikka is the company’s first major project outside of Papua New Guinea and was put on hold last year following the oil price crash in March.Phase one is expected to deliver 80,000 barrels of oil per day starting in 2025 at a breakeven cost of less than US$40 (around A$50.65) per barrel for Brent crude.This work will include finalising the design scope, execution plan, budget and schedule for a single drill site, pipelines and operations pad infrastructure.Oil Search (OSH) has begun front-end engineering and design (FEED) work for phase one of its US$3 billion (roughly A$3.8 billion) Pikka Project.CXL Calix (ASX:CXL) loses out on former CCUS funding following Labor budget.WR1 Winsome Resources (ASX:WR1) intersects 160m of pegmatite at Adina, Canada.NTI Neurotech International (ASX:NTI) raises $9m for paediatric clinical trials.SNG Siren Gold (ASX:SNG) pauses drilling at Alexander River as drilling continues at Big River, NZ.TMK TMK Energy (ASX:TMK) reports high gas saturation and permeability at Gurvantes XXXV, Mongolia.DTR Dateline Resources (ASX:DTR) recounts "productive" September quarter.LNU Linius Technologies (ASX:LNU) scores contract for A-Leagues.AR1 Austral Resources (ASX:AR1) posts updated MRE for Lady Colleen, QLD.IBX Imagion Biosystems (ASX:IBX) advances MagSense activities in Q1 FY23.
GSM Golden State Mining (ASX:GSM) completes Yule RC drilling, receives new tenement over September quarter.VMC Venus Metals (ASX:VMC) to raise $2.16m for WA exploration.SLR Silver Lake Resources (ASX:SLR) reports "good progress" in September quarter despite operational challenges.RCE Recce Pharmaceuticals (ASX:RCE) advances clinical programs in Q1 FY23.AGY Argosy Minerals (ASX:AGY) highlights Rincon plant development in September quarterly.NMR Native Mineral Resources (ASX:NMR) positions itself for success in FY23.
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