EnQuest plc today proposed a firm placing, placing and open offer to help finance its planned acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development in the UK Central North Sea. The area comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company intends to raise gross proceeds of up […]
Month: November 2024
Kavango raises £36,704 through warrant exercise
Kavango Resorces plc received £36,704.53 following notices to exercise warrants over 863,636 new ordinary shares of £0.001 each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of warrants granted on 1 December 2020.
Oriole confirms gold at all four Bibemi prospects
Oriole Resources plc confirmed gold at all four prospects and the potential for large-scale mineralisation at 8.3km-long orogenic system at Bibemi in Cameroon. The news followed the company’s final results for its recently completed initial diamond drill programme at the 51%-owned project. Best intersections from the remaining holes BBDD010 to BBDD029 include 3.10m grading 1.07 […]
Hurricane NEDs resign and requisition notice withdrawn
Hurricane Energy plc announced board resignations and appointments as well as the withdrawal of a requisition notice from one of its shareholders. BOARD CHANGES Yesterday (29 June) chairman Steven McTiernan, and non-executive directors (NEDs) John van der Welle, Sandy Shaw, Beverley Smith and Dr David Jenkins resigned from the board with immediate effect. Alan John […]
Red Rock awards drill contract for Mikei gold project, Kenya
Red Rock Resources plc has contracted Base Drilling and Mining Services Co. Ltd for a 2,000m reverse circulation (RC) drill programme at the Mikei gold project in Kenya. The junior explorer also plans infill and step-out drilling to improve resource classification and size, and has the option to increase the programme. Base Drilling is expected […]
Egdon defers proppant squeeze due to equipment delay
Egdon Resources (UK) Ltd said that a planned proppant squeeze has been postponed by two to four weeks due to a delay in equipment arriving for the oil development at Wressle, North Lincolnshire. Main contractor Schlumberger Oilfield UK plc has been detained due to the equipment being held on a job over-run outside of the UK, as […]