Block Energy plc has completed deepening the JSR-01 well in the Patardzeuli oil field in Block XIB in Georgia. PROJECT II The company began drilling JSR-01DEEP in early September, marking the start of Project II, one part of a three-project strategy. Block Energy aims to evaluate a contingent resource of 200 MMbbls of oil and accelerate near-term […]
Month: November 2024
Predator receives £28,000 via options exercise
Predator Oil & Gas Holdings plc received £28,038.36 following an exercise notice of share options from a former director. SCHEME The options were issued to Dr Stephen Staley in the company’s unapproved share option scheme dated 18 May 2018 to subscribe for 1,001,370 new shares each at 2.8p. Director Total shares Options 18 May 2018 Options […]
Araguaia approved as strategic minerals project
Horizonte Mineral plc said it would have a priority from Brazilian agencies for the construction and operation of the Araguaia nickel project. IMPORTANCE The move is a consequence of Brazil’s approval of Araguaia as a strategic minerals project, which will also see support from an inter-ministerial committee. “The selection of the Araguaia nickel project as […]
GreenRoc requests reanalysis of drill results from TBS ilmenite project
GreenRoc Mining plc said that its request for additional analytical work would delay drill results from its Thule Black Sands ilmenite project in Greenland. RESOURCE CALCULATION The results, expected during August 2021, are now due at the end of November. “An upper screening of 1.0mm was initially employed, excluding significant mass of potentially ilmenite-bearing material,” […]
GreenRoc further doubles graphite ore at Amitsoq
GreenRoc Mining plc said that drilling had more than doubled the footprint of the ore deposit at its Amitsoq graphite project in southern Greenland. PHASE II The company, of which Alba Mineral Resources plc holds 54%, completed its Phase II drill on 17 September with 19 holes drilled for 2,844m. “All holes reached target depths […]
Prospex receives £87,677 via options exercise
Prospex Energy plc received £87,677.88 following notice to exercise of options to subscribe for 2,191,947 new ordinary shares of 0.1p each in the company. AGREEMENTS The options were issued pursuant to option agreements dated 20 July 2020 and were exercised by two directors and an employee. The exercise price is 4 pence per option exercised. […]