Neptune Energy and its partners today said they would support increased supplies to Europe by doubling gas production from the Duva field in the Norwegian North Sea. DEMAND Neptune added that the companies had worked closely with the Norwegian authorities to identify measures to help meet gas demand in Europe. “This will enable an increase […]
Day: 15 November 2024
Power Metal notes ‘significant prospectivity’ at Athabasca
Power Metal Resources plc said its completed technical review of historical data showed “significant uranium prospectivity” at its portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. DATA ROOMS The company holds seven properties which cover a total 450.01km2 (45,001ha). “We now have seven data rooms available which can be used for external third-party discussions, and also for internal […]
Angus ends sale process ahead of Saltfleetby first gas
Angus Energy plc said it had ended the formal sales process for the company following its increased share price and a “strongly supportive” economy. SOUND ENERGY The company had been approached by Sound Energy plc, which today confirmed it did not intend to make an offer. “After lengthy discussions on a possible combination with Sound, […]
Block looks at financing options following ‘robust’ Q1
Block Energy plc said it was looking at “non-dilutive financing options” to accelerate production at its gas and oil operations in Georgia. PRODUCTION The company included the news in its report for the three months ended 31 March 2022. Production was 46.1 Mboe (Q4 2020: 34.6 Mboe), comprising 32.1 Mbbls of oil (Q4: 24.9 Mbbls) and 14.0 Mboe of gas (Q4: 9.7 Mboe). […]
Anglesey Mining starts trading on AIM
Anglesey Mining plc today announced it had started trading on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). APPROVAL Admission of the company’s shares to trading on the Main Market of the LSE and to the premium listing of the Official List will simultaneously cancel. Anglesey Mining received approval from shareholders for […]
Tungsten West raises £283,600 via warrant exercise
Tungsten West plc has raised £283,600 after exercising 460,000 warrants to subscribe for new ordinary shares of a nominal value of one penny each. The subscription will be at a price of 25 pence per ordinary share, and an exercise of 648,400 warrants at a price of 26 pence per ordinary share.