Power Metal Resources plc has raised £63,158 after receiving notices to exercise warrants over 8,421,053 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,421,053 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
Day: 15 November 2024
EnQuest investors back Golden Eagle share acquisition
EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
United marks ‘exceptional success’ from Egypt assets
United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]
Red Rock appoints Alex Borrelli as independent NED
Red Rock Resources plc has appointed Alex Borrelli to the board as an independent non-executive director with immediate effect. Mr Borrelli, FCA, initially studied medicine and then qualified as a chartered accountant with Deloitte, Haskins & Sells, London in 1982. He then worked in corporate finance at Guinness Mahon, Samuel Montagu and as a corporate […]
Block faces calls for forensic investigation
Block Energy plc said it had received a second letter from Forest Nominees Ltd to convene a further general meeting to consider an independent forensic investigation into the company’s affairs. Block said it regretted that the action had been during the middle of drilling a well and considered the requisition of a second general meeting […]
Galantas plans 4,000m underground and surface drilling
Galantas Gold Corporation is soon to start a surface and underground exploration programme of 4,000 metres diamond drilling at Cavanacaw gold mine in Omagh, Northern Ireland. UNDERGROUND Initial Phase I drilling will focus on the Kearney and Joshua veins, two of “many high-priority targets” on the company’s land package. Underground drilling on the Kearney vein […]