United Oil & Gas plc said that new research set a value of £33.5 million on the company’s Maria discovery in the Outer Moray Firth Basin in the Central North Sea. OPTIVA The company published a research note by Optiva Securities Ltd, which valued the asset at £33.5m or 5.2p per share on a risked […]
Day: 15 November 2024
Caerus looks to clean energy investments and targets
Caerus Mineral Resources plc said it was reviewing a number of investment opportunities and was in early-stage discussions with several potential targets in key clean energy commodities. CLEAN ENERGY The Cyprus-based exploration and resource development company focuses on generating copper-gold value from the historic copper mining island of Cyprus. “Whilst discussions are ongoing, there can be […]
Harbour notes EIG reduction of shares to 16%
Harbour Energy plc said that investor EIG had reduced its notifiable interest in the company from 37% to 16%. BOARD MEMBERS In a statement, the oil and gas company added that the change reflected “a distribution of EIG’s shareholding in Harbour to certain of its underlying investors, rather than a sale of shares”. EIG is […]
Oriole completes first tranche of salary sacrifice
Oriole Resources plc said it had completed the first tranche of the salary sacrifice scheme to advance the company’s Central Licence Package and the Bibemi projects in Cameroon. SHARE CAPITAL The company added that a £21,000 had been converted at 0.205 pence to 6,576,192 new ordinary shares of 0.1p each. Following the issue of the […]
Power Metal-Kavango report further progress at Botswana projects
Power Metal Resources and Kavango Resources’ joint venture reported further progress from their rare earth element (REE)-base metals projects in southwest Botswana. JOINT VENTURE The 50-50 partners operating as Kanye Resources have assets comprising Ditau Camp and in the Kalahari Copper Belt (KCB). DITAU CAMP At Ditau, operator Kavango completed four diamond drill holes across […]
Kavango to acquire Power Metal share of Botswana JV
Kavango Resources plc is to acquire Power Metal Resources’ 50% share of their two-year joint venture and regain control of its rare earth element (REE)-base metal projects in Bostwana. KANYE RESOURCES The partners’ company Kanye Resources owns working interests in 10 prospecting licences in the Kalahari copper belt (KCB), covering 4,257km2. Kanye also owns two prospecting […]