Jersey Oil & Gas plc (JOG) announced it will not progress with its non-core licences P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn) in its Greater Buchan Area (GBA) in the Central North Sea. SELECTED CONCEPT The selected concept for the GBA development is planned to be executed in three phases none of which […]
Month: November 2024
Power Metal raises £300,000 via insider warrant exercises
Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]
Altus to acquire landmark NSR interest in Caserones
Altus Strategies plc has entered into an agreement to acquire 0.418% net smelter return royalty (NSR) interest for US$34.1 million on the producing Caserones copper mine in the Atacama region of northern Chile. DEAL The company has also entered into a $29m loan facility agreement to part finance the acquisition. Altus said it expected the […]
Sunrise reports Baker’s high grade gold assays
Sunrises Resources plc announced high-grade gold assay results from its wholly owned Baker’s gold project in the Meekatharra District of the Murchison gold field, Western Australia. TARGET DRL4 Drilling at the site aims to enhance the project for sale or joint venture while the company remains focused on developing its CS Pozolan-Perlite project in Nevada. […]
Hurricane cash decreases but production rise expected
Hurricane Energy plc’s cash decreased during July because of no liftings but expects an increase in production at the Lancaster field, West of Shetland. MAINTENANCE As of 31 July 2021, the company had net free cash of $122 million compared with $134m at 30 June. The floating production and storage and offloading unit (FPSO) Aoka […]
Kavango completes first drill hole at Hukuntsi at KSZ
Kavango Resources plc has completed the first geological borehole in Target Area A in the Hukuntsi (northern) section of the Kalahari Suture Zone (KSZ) project. TA2DD001 Hole TA2DD001 was drilled to 578m, after which the company signed an addendum to the current drill contract with Equity Drilling & Mindea Exploration and Drilling Services (Pty). This will see […]