Serica Energy plc’s pre-tax profits for 2020 plummeted due to low oil prices and Bruce caisson shut-in but the company managed to continue operations. No Covid-19 cases or injuries were recorded and the company avoided furloughing staff and government assistance programmes. Serica also continued to make progress with its environment, social and governance policies with […]
Month: November 2024
Red Rock raises £13,786 through warrant exercise
Red Rock Resources plc said it had received subscription monies of £13,786.77 following notice to exercise warrants over 1,838,235 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,838,235 warrants into shares at an exercise price of 0.75 pence per share.
Helium One raises £10m
Helium One Global Ltd has raised £10 million via a “significantly oversubscribed” subscription and placing of 100m ordinary shares each at 10p, representing a 14.5% discount. Proceeds will be used to continue the fast-track development programme of the Rukwa project in Tanzania. The fundraise involved institutional and other investors while Helium One directors participated in the […]
Galantas finds higher gold grade feed at Kearney vein
Galantas Gold Corporation announced a feed of higher gold grade from the Kearney vein than existing feed at Cavanacaw mine in Omagh, County Tyrone. INCREASE The Canadian miner added it continued to work with third parties to finance an expansion of the mine. The grade of the limited feed produced from underground, based on concentrate […]
Chesterfield starts percussion drilling in Cyprus
Chesterfield Resources plc announced that it had started percussion drilling as part of its 2021 enlarged and integrated base and precious metals exploration campaign in Cyprus. Following a diamond drill programme at the end of 2020, the miner is exploring for further deposits of copper, gold, zinc and silver with a current focus on its […]
Europa aims for balanced oil and gas portfolio
Europa Oil & Gas (Holdings) plc saw its operations continue to progress while the company minimised losses and controlled spending during the second half of 2020. In its interim report for six months ended 31 January 2021, the company recorded a fall in revenue to £0.5 million compared with the first half ended 31 July […]