Cornish Lithium Ltd today said it had raised £6 million within 20 minutes via a new crowdfunding campaign. The company opened the fundraise to pre-registered investors at 9am.
Month: November 2024
Predator starts drilling MOU-1 gas well on schedule
Predator Oil & Gas Holdings plc said it had started drilling the MOU-1 gas well in the Guercif Basin, northern Morocco. The company began operations at 1am yesterday (20 June) with drilling ahead in progress to the first planned 133/8″ casing point. The well is forecast to take up to 20 days to drill and to […]
UKOG to drill first modern oil appraisal well at Resan-Basur
UK Oil & Gas plc (UKOG) said it expected to start drilling shortly the first modern appraisal oil well at its Basur-Resan oil site in Turkey. The news follows the completion of the Basur-3 appraisal well’s drilling pad and finalisation of the contract for the Oceanmec Karahan ZJ40DZ rig. By midnight on 19 June, 38 related loads […]
UKOG given more time to drill Loxley-1
UK Oil & Gas plc (UKOG) said that it has been granted a two-year extension in which to start drilling the PEDL234 Loxley-1 gas appraisal well in the Weald Basin. The Oil and Gas Authority (OGA) said that UKOG must now begin drilling at the company’s 100% interest project before 31 December 2023. UKOG added that […]
VOG to raise $7.5m with loan deal for gas operations at Douala
Victoria Oil & Gas plc (VOG) said it aimed to raise $7.5 million (£5.5m) with a financing agreement for its onshore gas operations in the port city of Douala in Cameroon. MERIDIAN CAPITAL The company’s wholly owned subsidiary, Gaz du Cameroun S.A. entered into a definitive financing agreement with Meridian Capital (HK) Ltd to raise the funds […]
Power Metal buys Nevada projects from Sunrise
Power Metal Resources plc has acquired two Nevada copper-gold exploration properties from Sunrise Resources plc. EXPLORATION The acquisition comprises the Garfield copper-gold and Stonewall gold projects located in the Walker Lane mineral belt. Garfield lies 10km east of the town of Hawthorne in Mineral County and Stonewall is 15km south of the historic mining town […]