Egdon Resources plc announced “significant potential” from analysis of the downhole hole pressure data of the Wressle-1 well, East Yorkshire. POTENTIAL Independent energy consultancy ERCE conducted the interpretation on behalf of project partners Egdon (operator – 30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil (40%). Egdon said in a statement that […]
Month: November 2024
Helium One raises £2,840 via warrant exercise
Helium One Global raised £2,840 after receiving notice to exercise warrants over 100,000 ordinary shares at a price of 2.84 pence per share. The warrant shares will rank pari passu with the existing ordinary shares.
Cornish Tin secretary Christopher Mcmellon steps down
Cornish Tin Ltd’s secretary Christopher Mcmellon has stepped down from the post. Companies House recorded termination of the appointment on 17 January 2022.
Red Rock awarded further $2m over copper-cobalt JV
Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Oriole confirms extended mineralisation at Faré
Oriole Resources plc announced an extension of mineralisaton following results from the 2,148 metres reverse circulation (RC) drilling at the Faré prospect at the Senala gold project, Senegal. RESULTS The company’s joint venture partner and operator IAMGOLD Corporation, currently in Year 4, has the option to spend up to US$8 million to earn a 70% interest. Oriole said that […]
Helium One identifies further surface anomalies
Helium One Global has identified multiple additional surface helium anomalies at its Rukwa, Eyasi and Balangida (100%) projects in Tanzania. TARGETS The company completed a multispectral satellite spectroscopy study (MSS) which provided heat-map data for helium at surface across the company’s entire 4,500km2 licence area. Helium One said that abundant anomalies indicated widespread helium charge and […]