Prospex Energy plc said its joint venture (JV) partner Po Valley Energy Ltd had received the production concession for the Podere Maiar onshore gas field in the Po Valley, northern Italy. LICENCE The gas field lies within the Selva Malvezzi production concession. Prospex owns a 37% working interest in the Podere Maiar licence with operator Po […]
Month: November 2024
Ormonde enters conditional €2.3m sale of La Zarza interests
Ormonde Mining plc has signed a conditional framework agreement for the €2.3 million sale of its interests in the La Zarza copper-gold project in Spain. TRANSACTION The transaction is with La Zarza Mineria Metalica S.L.U, a subsidiary of Spanish company Tharsis Mining S.L, which controls the mining rights to La Zarza. The sale comprises Ormonde’s […]
Europa’s Inishkea gas licence to ‘remain live’
Europa Oil & Gas (Holdings) plc said that its FEL 4/19 licence, containing the large low risk, Inishkea gas prospect, would remain live until the Irish Government rules notifies otherwise. LICENCE TERMS On 7 August 2019, Europa announced the award of FEL 4/19 which is valid for 15 years and divided into four phases, the […]
UKOG raises £1.25m via discounted placing
UK Oil & Gas plc (UKOG) has raised gross proceeds of £1.25 million via a discounted placing of 1,428,571,428 new ordinary shares at 0.0875 pence per share. PLACING The company said that the placing price represented a discount of approximately 27% to the closing price of 0.12 pence per ordinary share on 26 July 2022. […]
Galantas agrees further $530,000 from Ocean and extends £1m loan
Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]
Anglesey Mining starts work on Parys TMS
Anglesey Mining plc has started work on the tailings management system (TMS) for its base and precious metals project at Parys Mountain in North Wales. KNIGHT PIÉSOLD Parys Mountain hold a copper-zinc-lead-silver-gold with a 2020 reported resource of 5.2 million tonnes at 4.3% combined base metals in the indicated category and 11.7Mt at 2.8% combined […]