Rathlin Energy (UK) Ltd said it planned up to six new wells at its West Newton-A site as the local authority decided the proposed extension would not require an environmental impact assessment. CONSULTATION The operator and its joint venture partners, which have two existing wells at West Newton-A, will conduct a public consultation over the […]
Month: November 2024
Anglesey Mining raises £660,000 via placing
Anglesey Mining plc has raised £660,000 from placing 10 million new ordinary shares, representing 4.7% of the company’s current issued share capital, at 6.6 pence per share. The new ordinary shares of one pence each to be issued in respect of this transaction will rank pari passu with the existing ordinary shares of the company.
Power Metal increases Ontario gold assets
Power Metal Resources plc has expanded its Canadian gold portfolio with a new project covering three individual interests in Hemlo North, Ontario. TARGETS The company has signed an agreement to acquire three contiguous exploration sites of Roger Lake with 50 claims, Olga Lake (42) and Dotted East (30), covering a total 25.82km2. The projects are […]
Predator’s Q2 Guercif gas drill gives it pivotal position
Predator Oil & Gas (Holdings) plc said it hoped to start drilling during Q2 2021 at its Guercif gas project in Morocco as the international Covid-19 vaccination programme is expanded. The company said that co-ordination of operations was being conducted with other operators planning to drill during the second quarter in northern Morocco once restrictions […]
Predator looks to increase Inniss-Trinity production
Predator Oil & Gas (Holdings) plc said it could expand production following excellent results from its pilot CO2 enhanced oil recovery (EOR) in the Inniss-Trinity field onshore Trinidad. INNISS-TRINITY The Inniss-Trinity field lies in South Trinidad within the Eastern Venezuelan Basin – one of the largest oil provinces in the world. The pilot CO2 EOR focuses […]
Power Metal receives £41,283 via warrant exercise
Power Metal Resources received £41,283 following notices to exercise warrants over 5,404,663 new ordinary shares of 0.1 pence each in the company. The notices were for 799,400 warrants at an exercise price of 1 pence per ordinary share; 2,105,263 warrants at 0.75 pence per ordinary share; and 2.5 million warrants at 0.7 pence per ordinary […]