Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]
Month: November 2024
Reabold approved equity exchange with Daybreak
Reabold Resources plc said that shareholders had backed the equity exchange agreement over its California assets with Daybreak Oil and Gas Inc. TERMS The company’s subsidiary Reabold California LLC comprises two licence areas of Monroe Swell and West Brentwood. The deal will see the subsidiary become a wholly owned subsidiary of Daybreak whose shareholders approved […]
Angus restarts Brockham oil production
Angus Energy plc has restarted oil production and water reinjection at the Brockham oil field within PL235, in the Portland reservoir, near Dorking in Surrey. OPTIMISATION The company added that current average rates of production from the BRX2-Y well were 50 barrels of oil per day with an approximately equal amount of formation water produced […]
Red Rock-Power Metal granted more licences
Red Rock Resources plc and Power Metal Resources plc joint venture has been granted three further exploration licences in the Victoria gold fields of Australia. EXPLORATION Red Rock Resources Australasia Pty Ltd (RRAL)’s subsidiary is New Ballarat Gold Corporation plc (NBGC). Red Rock holds 50.1% and Power Metal owns 49.9% in NBGC which now has 14 […]
IOG shuts in Blythe-Elgood over drainage concerns
IOG plc said that production at Blythe and Elgood has been shut in over safety concerns in the drainage system at Bacton gas terminal’s condensate stabilisation unit (CSU). SBRF The company added that over the past month, Blythe and Elgood hydrocarbon liquids (condensate) flowing into the Saturn Banks reception facilities (SBRF) slugcatcher had fluctuated considerably, […]
Oriole completes sampling of priority 1 grids at CPL
Oriole Resources plc has completed sampling of the remaining four ‘Priority 1’ grids for a further 3,114 samples at its Central Licence Package (CLP) in Central Cameroon. LICENCE APPLICATION The news comes with the company’s application for a further licence, Maboum, to the east of the CLP and contiguous with the existing package. SAMPLING The […]