Scirocco Energy plc said that Tanzania’s national energy company had confirmed it would not exercise its statutory right of first refusal over the investment company’s sale of its 25% interest in the Ruvuma gas asset. APT Tanzania Petroleum Development Corporation (TPDC) and project operator ARA Petroleum Tanzania Ltd (APT) both hold pre-emption rights. Scirocco added […]
Day: 15 November 2024
Angus live tests hindered by well site issues
Angus Energy plc said it was encountering issues which halted live tests at its 100% owned Saltfleetby gas site in Lincolnshire. PLANT OPERATION On 12 July the company said that, following tests and inspections, first gas export into the grid (commercial sales) would be shortly after 18 July. Today via Twitter, Angus added that commissioning […]
Red Rock issues £50,000 convertible notes
Red Rock Resources plc said it had issued £50,000 of the second tranche of convertible notes with accompanying warrants to high net worth investors. The company added that a single investor subscribed to the £50,000 notes. Red Rock will use the funds for general working capital. The notes are being issued on the same terms […]
Altona to raise £1.1m
Altona Rare Earths plc said it had conditionally raised £1.1 million through placing 13,750,000 million new ordinary shares at 8 pence each to help fund its operations at Monte Muambe, Mozambique. USES The funds will go towards completing an inaugural mineral resource estimate due in Q1 2023. The proceeds will also fund a preliminary economic […]