Power Metal Resources has staked additional ground and started Phase 1 work programme on prospective uranium areas surrounding the Athabasca Basin in northern Saskatchewan, Canada. HISTORIC DATA The company also reported that compilation data for the Tait Hill property demonstrated uranium mineralisation on the property and extending outside of the previous property boundary. Compilation of data for the Clearwater property […]
Month: November 2024
Neptune starts drilling four production wells on Fenja
Neptune Energy plc announced that drilling had begun on four production wells on the Fenja field in the Norwegian Sea. FINAL PHASE The company said that the wells were being drilled by the Deepsea Yantai, a semi-submersible rig, operated by Odfjell Drilling. The Fenja development consists of two subsea templates tied back to the Njord […]
Angus granted five-year extension to Brockham
Angus Energy plc said that the Oil and Gas Authority had granted a five-year extension until 28 October 2026 to its licence PL235 in Brockam oil field, Surrey. PORTLAND RESERVOIR The company plans to submit an application to the county council to abandon the Kimmeridge layer at BRX4-Z and reperforate the Portland layer in order […]
Strategic Minerals raises £400,000 via directors’ dealings
Strategic Minerals plc has raised £400,000 before expenses by way of a placing and subscription of 106,666,667 new ordinary shares of 0.1p each at a price of 0.375p per share. DIRECTORS DEALINGS Peter Wale (executive director) and John Peters (managing director) have each agreed to subscribe for 4 million placing shares pursuant to the placing. […]
Tullow appoints Phuthuma Nhleko as non-executive chairman
Tullow Oil plc has appointed Phuthuma Nhleko as an independent non-executive director and chairman-designate. He replaces Dorothy Thompson CBE who will retire as chairman and from the board by the end of 2021. Mr Nhleko has extensive experience in emerging markets having worked across Africa over the past three decades. He was chief executive of […]
Power Metal raises £40,000 with warrant exercise
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.