Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]
Month: November 2024
VOG progresses with Matanda and Logaba gas operations
Victoria Oil & Gas plc (VOG) reported further progress from its onshore gas operations in Matanda and Logbaba in Douala, Cameroon. MATANDA In its report for Q4 2021, the company said its subsidiary Gaz du Cameroun S.A. (GDC) continued civil engineering work in readiness of drilling a vertical well at the Marula prospect. The company also continued […]
Scirocco Energy on course to spud Chikumbi-1
Scirocco Energy plc expects to spud Chikumbi-1 well on time during Q3 following acquisition of 338km2 seismic survey at the Ruvuma PSA in Tanzania. SEISMIC SURVEY The company owns a legacy 25% working interest in the project for which ARA Petroleum Tanzania (APT) is the operator. Scirocco said that completion of mobilisation of all equipment […]
Harbour CEO Europe Phil Kirk to step down
Harbour Energy plc said that Phil Kirk is to step down as executive director, president and CEO Europe. Mr Kirk who is considering other business opportunities will leave from 28 February 2022.
Altona prepares for Chambe drilling and ESGs
Altona Rare Earths plc said it had started preparations ahead of drilling in April 2022 at the Chambe project in Malawi. ESGs The company added it was also currently developing its community and environmental relations. Part of this will involve tree planting for which Altona and its local joint venture partner will plant 16,000 saplings, […]
Altona expects drill results for Monte Muambe
Altona Rare Earths plc said it expected results by the end of March 2022 from its Phase I exploration drilling at the Monte Muambe project in the Tete Province, northwest Mozambique. PHASE I The company completed 43 holes totaling 3,131m across six targets within the licence area in late November. Following preparation, the reverse circulation […]