Tullow Oil plc will have full ownership of blocks 10BB, 13T and 10BA in the South Lokichar Basin after partners TotalEnergies and Africa Oil withdrew for “differing internal strategic reasons”. RESOURCES Tullow expects net project 2C contingent resources to increase from 231 mmboe to 461 mmboe, and the group’s total contingent resources from 605 mmboe to […]
Month: November 2024
Predator receives £50,000 via share options exercise
Predator Oil & Gas Holdings plc has received £50,000 after former director Louis Castro exercised one million share options. The exercise is in accordance with the company’s unapproved share option scheme dated 27 October 2020 to subscribe for 1,650,000 new shares of no par value in the company at 5p per share. Following admission, Predator’s […]
Tai CPR shows 61% rise in unrisked prospective resource
Helium One Global reported a 61% increase in unrisked prospective resources from a new competent person’s report (CPR) for the Tai prospect at Rukwa, Tanzania. COMPETENT PERSON’S REPORT The increase follows more detailed interpretation of additional 2D seismic data acquired across Tai in 2021, and improved understanding of the structural closure. ERC Equipoise Ltd (ERCE) evaluated […]
Golden Metal finds zones of copper anomalies
Golden Metal Resources plc has discovered two zones of “significant” copper anomalies at its Garfield project within the Walker Lane mineral belt in Nevada, USA. EXPECTATIONS The Power Line and High-Grade zones returned individual copper-in-soil results of up to 851ppm and 950ppm copper from high resolution soil sampling results. Golden Metal said that both were […]
Hummingbird starts hot commissioning at Kouroussa
Hummingbird Resources plc has started the hot commissioning phase before planned first gold pour at the Kouroussa gold mine in Guinea. PROCESSING PLANT The company said that Phase I of testing the processing plant’s mechanical, electrical and overall functionality had performed “per design”. First ore was introduced to the circuit at the one million tonne […]
Tungsten West starts open offer
Tungsten West plc has today started an open offer to raise up to £2 million for costs at the Hemerdon tin-tungsten mine in Devon. TRANCHES The open offer is at an issue price of 3 pence per new ordinary share, with up to 66,666,666 new ordinary shares offered to existing shareholders. The company also confirmed […]