Reabold Resources plc has increased its interest for £2 million in the Colle Santo gas field in the Abruzzo region, onshore Italy. TERMS The company’s initial 3.1% interest now stands at 16.2% in LNEnergy which holds a 90% interest in the field. Reabold will pay £500,000 with existing cash and £1,500,000 with 810,810,811 new ordinary […]
Day: 11 November 2024
Sunrise option holder to define Pioche resource
Sunrise Resources plc’s option holder Tolsa USA Inc has received approval for a planned resource definition drill programme at the sepiolite project near Pioche in Nevada, USA. OPEN PIT MINING The US Bureau of Land Management has approved 24 drill holes, over a 2.5km by 2km area, scheduled to begin in mid-July. A truck-mounted auger […]
Tullow considers options for Espoir field
Tullow Oil plc said it was considering all options for the Espoir field, offshore Côte d’Ivoire. DEVELOPMENT The company holds a 26% working interest in the FPSO development, south west of Abidjan. In a brief statement today Tullow said: “No formal commitments have been made. “In the event this process develops, Tullow will update the […]
Corcel sells Wowo Gap and disputes Mambare buyout
Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Tungsten West enters nuclear fusion deal
Tungsten West plc has entered into a partnership with Oxford Sigma to explore options of using tungsten from Hemerdon mine in nuclear fusion energy. COMPONENTS The high melting point of tungsten makes it a key material in radiation shielding and plasma-facing components within fusion energy devices. The collaboration will involve securing the source of raw […]