News Oil & Gas

UKOG completes purchase of equipment for Horse Hill oil

UK Oil & Gas plc (UKOG) announced it had paid the final instalment to PW Well Test Ltd for surface production equipment at Horse Hill oil field in Surrey. In July 2020, the company bought the equipment from PW for £1.65 million. This would be paid in three equal instalments of £550,000 either wholly in […]

Metals & Minerals News

Red Rock hopes high for Luanshimba drilling

Red Rock Resources plc said it had nearly completed preparations for a drill campaign at its 80%-owned copper and gold targets at the Luanshimba project in the Democratic Republic of Congo. The project, situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, is in a 420 hectare prospecting licence (PR13513) in the […]

Metals & Minerals News

Power Metal takes next step to Paterson acquisition

Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]