Joint venture partners Neptune Energy and Spirit Energy have started production from the tenth well at the Cygnus gas field in the UK Southern North Sea. EMISSIONS Operator Neptune (38.75%) said yesterday that drilling was carried out by Borr Drilling’s Prospector 1 jack-up rig. The rig is the first in Borr’s fleet to be equipped […]
Month: November 2024
Corcel chairman swaps four months’ salary for shares
Corcel plc’s chairman will for four months receive shares in lieu of a monthly salary to reduce the company’s cash burn and ensure alignment with its shareholders. The company agreed to James Parsons’ proposal that beginning in February he will receive his monthly salaries and certain obligations from 2021 in the form of 16,910,618 new […]
Cadence notes possible £43m for Cinovec lithium
Cadence Minerals plc noted that its investee company’s joint venture (JV) Cinovec lithium project could receive up to £43 million funding after being classified as a strategic project for the Usti region of the Czech Republic. PRIORITY The JV is between CEZ a.s. and Australian company European Metals Holdings in which Cadence owns approximately 7.2%. […]
Corcel completes debt restructuring to focus on Mt Weld
Corcel plc said it had refinanced its debt totalling £673,348 with lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. REPAYMENTS The company will pay £235,671 cash in the coming three months and a 5% refinancing fee will be added to the outstanding balance. The remaining £471,343 will be subject to a twelve-month […]
Oriole records up to 134 g/t from sampling at CLP
Oriole Resources plc reported multiple high grades, including 134.10 grammes per tonne (g/t) gold from rock-chip sampling at its 90%-owned Central Licence Package (CLP) project in Cameroon. MINERALISED CORRIDOR The 4,091km2 project comprises nine contiguous licences over previously unexplored Paleo-Proterozoic to Pan-African age rocks prospective for commodities, including orogenic-style gold mineralisation and lithium. Soil sampling […]
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