Corcel plc has granted 20,606,278 five-year share options, of which 8,447,197 are under its existing enterprise management scheme, to directors and key staff. PREMIUM Each option carries one ordinary share of £0.0001 in the capital of the company at a strike price of £0.017, being a 26% premium to the most recent closing price of […]
Month: November 2024
Corcel chairman converts debt for project funds
Corcel plc’s chairman has converted £128,586 debt into 8,572,400 new ordinary shares, locked up for 18 months, to fund the company’s projects in Canada and Papua New Guinea. LOAN The debt was converted by C4 Energy Ltd, controlled by chairman and director James Parsons. Mr Parsons has now increased his indirect interest in Corcel through […]
Serica stops Rhum production due to fault in subsea control module
Serica Energy plc said it had temporarily shut down Rhum production after identifying a fault in the subsea control module. PROGRAMME The company added that there were currently no safety or environmental issues associated with the fault. “A programme to replace the control module is being planned utilising a spare module held in stock. “This […]
Kavango identifies two strong conductor targets at KSZ, Botswana
Kavango Resources plc said it had identified two strongly conductive geophysical targets near borehole KSZDD002 at the Kalahari Suture Zone (KSZ) copper-nickel-PGM project in Botswana. DEVELOPMENTS The company had originally assumed that there was a single conductive conductive body. Kavango has now completed KSZDD002 to the target depth of 650m and a successful downhole Time […]
Neptune starts drilling Hamlet exploration well
Neptune Energy and its partners have started drilling on the Hamlet exploration well in the Norwegian North Sea. HAMLET The Hamlet prospect is at a water depth of 358m and 7km north of the Gjøa field within the Neptune-operated PL153 licence. It lies 58km west of Florø in Norway. The reservoir target is the Lower […]
Reabold-Daybreak extend date for equity exchange
Reabold Resources plc announced an extension by mutual consent to 29 April 2022 of the longstop date of the equity exchange agreement with Daybreak Oil and Gas Inc. CALIFORNIA Daybreak is a United States’ OTC traded oil and gas operator with assets in California. The transaction will result in Reabold becoming a major shareholder of […]