Baron Oil plc received £62,500 following the exercise of options to subscribe for 62,500,000 new ordinary shares of 0.025p each in the company. The options were originally granted to a previous director of the company and have an exercise price of 0.1p per new ordinary share. On admission, Baron’s issued ordinary share capital will consist […]
Month: November 2024
Power Metal increases uranium assets
Power Metal Resources plc has staked two further uranium properties, taking its total to 16 in Saskatchewan, and plans to extend the portfolio to other regions. HAWKROCK The acquisitions include Hawkrock East and Hawkrock West, each 12km apart, and covering a combined 4,280 hectares (42.80km2) within the prospective Snowbird Tectonic Zone (STZ) in the northeastern corner of […]
Corcel at advanced stage of Brazil mining-oil-gas deals
Corcel plc plans to extend its natural resource exploration and development reach to South America with a focus on Brazil, as part of its revised business strategy. MULTIPLE DEALS The company said it had been “actively screening industrial opportunities” for more than 12 months and was at an “advanced stage on multiple transactions across both mining and […]
Corcel refines targets for inaugural drill at Mt Weld JV
Corcel plc’s joint venture partner has refined existing drill targets in preparation for an inaugural drill campaign at the Mt. Weld rare earth elements project near Laverton in Western Australia. MULTIPLE TARGETS Riversgold Ltd completed 3D inversion magnetics work had confirmed the validity of multiple magnetic targets and allowed refined planning for drilling, said Corcel. The […]
Serica to increase production with strong results from Gannet
Serica Energy plc welcomed a strong start to production from the Gannet GE-04 well, currently owned by its planned acquisition company Tailwind Energy Investments Ltd. PRODUCTION RATES Tailwind approved the combined Gannet E expansion project combined with Evelyn Phase 1 development in Q1 2021. The company drilled the GE-04 well in late 2022 and completed […]
Reabold to drill Dunrobin on revised CPR
Reabold Resource plc plans to drill the Dunrobin licence after a competent person’s report indicated 201 million barrels of unrisked prospective gross resources. DUNROBIN WEST North Sea licence P2478 partners comprise Reabold with a 36% working interest and Baron Oil plc and Upland Resources (UK Onshore) Ltd, each with 32%. The first exploration well is […]