Red Rock Resources plc has been granted a new lithium licence covering 94 hectares near Bikita in southern Zimbabwe. EXTENSIONS The company added it was also granted two small extension licence areas of 21ha and 22ha also near Bikita, next to a purchased area in the process of transfer. Red Rock was additionally recently granted […]
Day: 11 November 2024
i3 Energy chairman purchases 470,000 more shares
i3 Energy plc chairman John Festival purchased 470,000 ordinary shares each of 0.01 pence in the company at a price of C$0.23 per share. Following the purchase on 30 June, Mr Festival now holds a total 3,072,360 ordinary shares representing 0.26% of i3 Energy’s issued share capital.
Angus continues B7T well clean-up at Saltfleetby
Angus Energy plc said that the new B7T well continued to clean up through the temporary flowline connecting it to the facilities at Saltfleetby gas field in east Lincolnshire. TARGET DATE The company completed the initial clean-up in April and connected a temporary flowline to the production facilities on the site to deliver processed gas […]
Angus swings to a profit and warns of ‘punitive’ taxes
Angus Energy plc swung to a profit following an increase in gas production at the Saltfleetby field in east Lincolnshire. FINANCES During the six months ended 31 July 2023, the company had three producing wells flowing gas to the National Grid with average daily production of up to 9.5 mmscfd. Revenue soared to £16.46 million […]
Power Metal looks to Saudi Arabia-Oman potential
Power Metal Resources plc has signed a consulting agreement with Jasper Consult DMCC potentially to build a new exploration asset base in Saudi Arabia and Oman. PHASES The London and Dubai-based strategic consultant, with “extensive expertise” in both countries, will aid the junior company establish a presence through a phased approach. Power Metal said that the deal […]