Red Rock Resources plc issued 19,176,965 new ordinary shares of £0.0001 each in the company in settlement of £30,186.46 debt owed to Riverfort Global Opportunities PCC Ltd. The shares were issued each at a price of 0.15741 pence. Following admission, the company’s total issued share capital will consist of 1,582,509,999 ordinary shares, each with one […]
Month: November 2024
Ffos-Y-Fran could face enforcement action
Ffos-Y-Fran coal mine could be served an enforcement order after the local authority refused to grant more time to extract mineral and restore the Merthyr Tydfil site in South Wales. FAILURES Operator Merthyr (South Wales) Ltd’s planning permission expired after 15 years on 6 September. Owned by Gwent Investments Ltd, the company had sought an […]
Union Jack sells 2.5% royalty interest in Claymore
Union Jack Oil plc has sold for an undisclosed sum its 2.5% interest in the royalty agreement for the Claymore area in the central North Sea. COMPLEX In March 2021, the company signed the £93,730 deal for part of the royalty unit over 20% of the revenues from a complex comprising three fields of Claymore, […]
IOG identifies new gas reserves-prospects
IOG plc has identified undeveloped additional conventional gas resources and several new prospects around the Saturn Banks project in the southern North Sea (SNS). CENTRAL The company, which holds cash of £31.9 million with £6.8m restricted, outlined potential development of at least five contiguous licences in the Vulcan and Jupiter areas. These include the Southwark, […]
IOG costs rise up to £3m
IOG plc is making “steady progress” to resolve the oil and gas influx which delayed drilling Blythe H2 development well at the Saturn Banks project in the southern North Sea. BLYTHE H2 The company added that the situation had been “uniquely challenging” but two issues of a stuck drill string and a plugged drillpipe were […]
UKOG plans cased hole flow test at Pinarova-1
UK Oil & Gas plc (UKOG) plans a conventional cased hole flow test after drilling reached final depth of 600 metres below surface in the Pinarova-1 exploration well in Turkey. OIL ODOUR Pinarova-1, 6km north of the Basur-1 oil discovery, is testing whether the Pinarova structure is directly connected to a 9km² underlying light oil […]