Power Metal Resources plc has exercised its option to acquire a 100% interest in two gold-nickel exploration licences within the Tati Greenstone Belt near Francistown, Botswana. PROSPECTIVE Chief executive Paul Johnson said that Francistown and its surrounding area had not undergone extensive modern exploration. “The company’s due diligence review of historic data identified numerous multi kilometre-scale […]
Month: November 2024
Predator board member Ronald Pilbeam to step down
Predator Oil & Gas Holdings plc announced that board member Ronald Pilbeam is to step down with immediate effect. Mr Pilbeam is leaving the company after some three years to pursue other interests.
United to exit North Sea with £3.2m Maria sale
United Oil & Gas plc has signed a non-binding heads of terms agreement to sell its UK Central North Sea licences P2480 and P2519 to newly formed Quattro Energy Ltd for up to £3.2 million. REVIEW United holds a 100% equity interest in each, with licence P2519 including the Maria discovery in block 15/18. The company […]
Lancaster resumes production after FPSO maintenance
Hurricane Energy plc’s production operations at the Lancaster field have resumed following the scheduled annual maintenance of the Aoka Mizu floating production and storage and offloading unit (FPSO). The company added that production from the 205/21a-6 well was now currently stabilising. Hurricane’s next monthly production release is due in mid-August 2021. The FPSO shut down […]
UKOG raises £462,554 via open offer
UK Oil & Gas plc raised £462,554 from an open offer to shareholders. The company received valid applications in respect of a total of 256,974,621 new ordinary shares in the company.
Scirocco sells Helium One shares for £1.22m
Scirocco Energy plc has sold a further 5.3 million ordinary shares in Helium One Global Ltd for £1.22m. The company has also exercised its one million share options, with a strike price US$0.035. Scirocco now holds 5,256,088 ordinary shares, representing some 0.85% of Helium One’s current issued share capital. In total, Scirocco has realised around […]