Power Metal Resources plc has raised £40,000 after receiving notices to exercise warrants over 4,000,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 4,000,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.
Day: 15 November 2024
Kanye JV adds base metals to REEs exploration at Ditau
Kanye Resources Pty Ltd joint venture (JV) said it had increased its exploration scope by adding base metals to rare earth elements at its project in Ditau, Botswana. PROGRAMME The 50-50 JV comprises operator Kavango Resources plc and Power Metal Resources plc with exploration costs equally shared. Kavango said it had accelerated drilling on I10 […]
EnQuest completes 26.69% acquisition of Golden Eagle
EnQuest plc announced it had completed the acquisition of a 26.69% non-operated interest in the Golden Eagle Area Development in the North Sea. PARTNERSHIP “As a highly cash generative asset, delivering material incremental production, reserves and resources, Golden Eagle is a great addition to our portfolio, further strengthening the company,” said chief executive Amjad Bseisu. […]
Reabold directors buy 43.3m ordinary shares
Reabold Resources plc announced purchases of ordinary shares of 0.1 pence each in the company in the market by certain directors of the company. DIRECTORS The directors’ dealings are: Director Date of purchase No. of Ordinary Shares Purchased Price of Ordinary Shares purchased (pence) No. of Ordinary Shares of beneficial interest following purchase Percentage of […]
Deltic-Shell complete Pensacola well site survey
Deltic Energy plc and partner Shell UK Ltd have completed the final phase of the site survey over the planned location for the Pensacola gas exploration well in the southern North Sea. DRILL The survey on licence P2252 was completed by 20 October, on budget and without incident. Deltic said that operator Shell had confirmed […]
Scirocco JV approves Ruvuma work programme
Scirocco Energy plc said that the 2022 work programme and budget had been approved for the Ruvuma joint venture (JV) in Tanzania. RUVUMA The investment company holds a 25% working interest in the licence which is operated by ARA Petroleum Tanzania Ltd (APT). Approximately 90% of the licence lies onshore with the remainder offshore. PROGRAMME […]