Ascent Resources plc has cancelled the delayed £1 million subscription by Beryl International Pty following developments in the arbitration over its onshore Slovenia gas joint venture. TERMINATION Ascent’s reasons for the move include the possible receipt of Slovenia funds, a recent £400,000 fundraise, Beryl’s failure “to provide confidence” on its ability to complete its commitment […]
Day: 14 November 2024
Galantas makes ‘significant progress’ at Cavanacaw
Galantas Gold Corp said it had made significant progress to restart the Cavanacaw mine in Omagh, Northern Ireland. OPERATIONS In the Canadian company’s unaudited results for the first quarter ending 31 March 2023, chief executive Mario Stifano added that the company was developing engineering plans to accelerate development to the Joshua vein by 12 months. […]
Power Metal completes initial exploration at Tati mine
Power Metal Resources plc’s ground geophysics and trenching have confirmed the geological setting in the Cherished Hope mine at the Tati gold project near Francistown in Botswana. MINERALISATION The results are from completed initial exploration phases of ground geophysics and 431 metres of trenching over the northwest over the mine and southeast extensions. Beneath overburden in […]
Angus plans expansion at Saltfleetby
Angus Energy plc reported steady production from the three producing wells of B2, A4 and B7T and plans for new wells at Saltfleetby gas field, east Lincolnshire. PRODUCTION Following a short duration plant outage, the company is exporting gas to the National Grid at a combined average daily rate of 9.5 mmscfd, reaching peak flows […]
Oriole issues 165.5m share options
Oriole Resources plc’s board of directors has agreed further salary sacrifice and new share option remuneration plans for staff and local employees in the company’s Cameroon gold projects. SALARY SACRIFICE The agreement follows completion last month of a share-based salary sacrifice scheme resulting in the entire board taking shares in the company in lieu of […]
Prospex recovers €280,090 net performance bonds
Prospex Energy plc has received €280,090 net owed performance bonds from the Italian state for completing the gas pipeline tie-in from the Selva gas field joint venture in Po Valley, Italy. AGREEMENT Project operator Po Valley Operations Pty Ltd (PVO) holds 63% and Prospex has a 37% working interest. PVO recovered gross performance bonds of […]