Reabold Resources plc has conditionally sold its 49.99% stake in Corallian Energy and its Victory gas field to an oil and gas major for £32 million. TERMS The company’s net share will be £12.7m, representing a “significant uplift” on its investment of £7.5m in Corallian since late 2017. Reabold will use the proceeds for its other existing […]
Day: 15 November 2024
CRL’s data indicate tin-tungsten mineralisation trends
Cornwall Resources Ltd reported new areas of mineral prospectivity near surface for tin and tungsten within the company’s licence area west of Redmoor. PHASE I The results are from the first data released today in the Deep Digital Cornwall (DDC) project which aims to help create businesses applying digital solutions to below ground, mining and […]
Serica faces six-week delay due to North Eigg equipment failure
Serica Energy plc faces a £3 million cost for an expected six-week delay in drilling due to equipment failure and mobilisation of a replacement at the North Eigg exploration well in the North Sea. TESTING The company said that operations had been progressing successfully despite some drilling delays in the top-hole sections. “During recent preparations […]