Tungsten West plc has started “major” cost cutting alongside up to a £9 million fundraise to meet “contractual liabilities” and pay for “significant annual expenditure” at its Hemerdon tin-tungsten mine in Devon. NEW DEBT The company aims to raise a minimum of £5m and up to £6.95m through a placing, not underwritten, of convertible loan […]
Month: November 2024
UKOG records £2.9m impairment from Horse Hill-1
UK Oil & Gas plc (UKOG) recorded an impairment of £2.9 million of the Horse Hill-1 oil well near Gatwick Airport in Surrey. HORSE HILL The company’s annual review and accounts for the year ended 30 September 2022 states: “Following an impairment review carried out as at 30 September 2022, the net present value of […]
Block encouraged by WR-B01Za test results
Block Energy plc reported positive results from its wellbore clean-out and well test of the WR-B01Za development oil well as part of Project I at West Rustavi in Georgia. PROJECT I Project I is the development of the Middle Eocene oil reservoir in the West Rustavi-Krtsanisi field. The reservoir is divided into eight development areas, […]
Anglesey Mining revises MRE for Parys
Anglesey Mining plc reported a revised mineral resource estimate (MRE) with the inclusion of the first measured resource for Parys Mountain. CATEGORIES The company’s revised estimates for the White Rock and Engine zones are based on 10 additional drill holes completed in 2022 and a detailed review of previous geological interpretations. Measured resources include […]
i3 Energy appoints Jason Dranchuk as CFO
i3 Energy plc has appointed Jason Dranchuk as chief financial officer (CFO) in a non-board role, effective from today. Mr Dranchuk has more than 25 years’ experience in senior finance roles in the energy sector with a focus on the Western Canadian Sedimentary Basin, a core area for the company. He also has more than […]
Weardale Lithium appoints Peter Robinson as a director
Weardale Lithium Ltd has appointed Peter John Robinson as a director. Companies House recorded the appointment as effective on 20 March 2023.