Red Rock Resources plc has accepted an offer to exchange its shares in Elephant Oil Ltd (EOL) which holds hydrocarbon exploration licences onshore Benin. Red Rock has a 4.68% holding in EOL at a current value of £137,500 and the swap will be for shares in Elephant Oil Corp (EOC). The miner said it would […]
Month: November 2024
West Newton JV orders CPR for oil and gas wells
The joint venture (JV) partners at the West Newton oil and gas discoveries have ordered a competent person’s report (CPR) for WNA-1, WNA-2 and WNB-1Z wells in the East Riding of Yorkshire. Gaffney, Cline & Associates Limited will carry out the CPR following completion of the imminent well testing programme of the WNB-1Z and WNA-2 […]
Reabold completes offer for additional Victory interest
Reabold Resources plc said it had completed its offer for additional Corallian Energy Ltd shares, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The deal involves the acquisition of shares from existing Corallian shareholders in exchange for Reabold shares at a ratio of 474 Reabold shares […]
Oriole begins regional mapping-sampling at CLP
Oriole Resources plc announced it had started its regional mapping and stream sediment sampling programme at its gold Central Licence Package in Cameroon. SAMPLES The company has collected a total of 180 samples of a planned 1,360 sample programme covering a contiguous land package of 3,592 km sq. Results are expected during the second half of […]
WCM loses council support for coal mine
West Cumbria Mining Ltd has lost support from the local authority for the company’s plans to build a metallurgical coal mine under the seabed off the coast of Whitehaven in Cumbria. The Planning Inspectorate is due to hold a public inquiry on the company’s application after the Secretary of State decided to call in the […]
Alba to explore for up to 3.6Mt graphite at Amitsoq
Alba Mineral Resources plc said it had identified an exploration target for 1.3 to 3.6 million tonnes of contained graphite at its two deposits in the Amitsoq project, southern Greenland. An independent detailed assessment for each of the Amitsoq and Kalaaq deposits, together comprising the Amitsoq graphite project, revealed a “significant exploration target.” Results show […]