Prospex Energy plc received £100,000.50 following notice for the exercise of warrants to subscribe for 3,333,350 new ordinary shares of 0.1p each in the company. The warrants were issued following a warrant agreement dated 23 February 2022 which related to a placing announced in March 2021. The exercise price is 3 pence per warrant exercised. […]
Month: November 2024
Rathlin plans to use oil-based drilling fluid at West Newton
Rathlin Energy (UK) Ltd plans to use oil-based drilling fluids after data analyses showed that the formation was “very sensitive to aqueous fluids” at West Newton A and B sites in East Yorkshire. DAMAGE The operator said that lab analyses showed that previous drilling of the West Newton wells with water-based mud had created near […]
Rockhopper completes Navitas deal for Falkland licences
Rockhopper Exploration plc has completed the transaction for Harbour Energy plc to leave and Navitas Petroleum LP to become a partner in its North Falkland Basin licences. NORTH FALKLAND BASIN The agreement, signed in April 2022, also sees Navitas become the operator and hold a 65% stake in Rockhopper’s the licences. Licence Rockhopper Navitas as […]
Prospex Energy receives £70,640 via options exercise
Prospex Energy plc received £70,640.52 following notices to exercise options to subscribe for 1,766,013 new ordinary shares of 0.1p each in the company. The options were issued pursuant to option agreements dated 20 July 2020 and have been exercised by three former employees of the company, two of whom are past directors. The exercise price […]
New Ballarat completes Berringa acquisition
New Ballarat Gold Corporation plc has completed the acquisition of the historic Berringa gold mine in the Victoria gold fields in Australia. LICENCE The joint venture subsidiary is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). The subsidiary’s holding company Red Rock Resources Australasia plc (RRAL) initially signed the agreement in […]
Scotgold lowers Q3 guidance following Cononish delays
Scotgold Resources Ltd has lowered production Q3 2022 guidance following delays at its Cononish gold and silver mine near Tyndrum in Scotland. PRODUCTION In its quarterly report, the Australian company said it had lowered its guidance to 2,000 ounces from the previous target of 2,900 to 3,500 oz gold. This is due to the delayed […]