Power Metal Resources plc has created a separate pool of 25 million warrants as an incentive for business advisers, consultants and in-country teams supporting the company. GROWTH The company said that the adviser warrant pool would be for those who are, or may become, key to business growth and development and have been, or may […]
Day: 15 November 2024
i3 Energy reports chairman and CEO share dealings
Oil and gas company i3 Energy plc announced share dealings by two directors of the company. PURCHASE Chairman John Festival purchased 1,000,000 ordinary shares of 0.01 pence each in the company at CAD0.355 per share. He now has 2,602,360 ordinary shares, representing 0.22% of the company’s issued share capital. Chief executive officer Majid Shafiq purchased […]
Neptune to increase oil production at Römerberg
Neptune Energy has been allowed to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day (boepd) at the Römerberg oil field in the Rhine Valley, southwest Germany. APPLICATION The move follows approval from the Rhineland-Palatinate mining authority to raise the production limit. The decision supports […]
Sunrise begins joint tests on Hazen natural pozzolan
Sunrise Resources plc is working with an existing processor of natural pozzolan to mine and test-grind a bulk sample of the company’s Hazen deposit in northern Nevada, USA. HAZEN The Hazen pozzolan project is in Churchill County 20 miles from the town of Fernley and 24 miles from the county town of Fallon. In June […]
Scirocco agrees repayment of Prolific Basins loan
Scirocco Energy plc said it had agreed an amendment to repaying the outstanding $545,000 investment facility with USA-based investor Prolific Basins LLC. RUVUMA CASH The company defaulted on the loan after shareholders defeated two resolutions at the general meeting in early August. Scirocco today said that it would use available cash resources, strengthened by the […]
Condor Gold appoints Jim Mellon as chairman
Condor Gold plc has appointed Jim Mellon as non-executive chairman of the company. Businessman and investor Mr Mellon has been a non-executive director of Condor Gold for several years and is the largest shareholder with a 18.7% holding. The appointment was made on 11 October 2022. Mark Child remains chief executive officer.