Altona Rare Earths plc is due to drill one of two orebodies with results to be included in the inaugural JORC mineral resource estimate (MRE) for the Monte Muambe project in Mozambique. TARGETS The company expects to resume drilling on or around 15 July, with Spartan Drilling Services Limitada conducting operations. The programme will initially […]
Month: November 2024
Prospex marks first gas from Podere Maiar-1
Prospex Energy plc reported first gas on 4 July from the Podere Maiar-1 gas facility at the Selva field within the Podere Gallina licence in the Po Valley region of northern Italy. POTENTIAL First gas follows completion of operational and safety inspections and approvals last week at the joint venture project. Podere Maiar-1 will provide […]
Alba Mineral raises £750,000 via placing
Alba Mineral Resources plc has raised £750,000 before expenses via a placing of 600 million new ordinary shares at a price of 0.125 pence per ordinary share. Existing shareholders and other investors who did not have the opportunity to participate in the placing, have a broker option allowing subscriptions up to £100,000 in total on the same terms. On admission, the […]
Condor receives £1m via chairman’s warrant exercise
Condor Gold plc received £1 million following notice from its chairman to exercise warrants over 6,666,667 new ordinary shares each at 15p. DIRECTORS’ DEALINGS Galloway Ltd, wholly owned by Burnbrae Group Ltd which is, in turn, wholly owned by Condor’s chairman Jim Mellon gave the notice. Non-executive director Denham Eke is also a director of […]
JOG extends Verbier licence by three years
Jersey Oil & Gas plc (JOG) has been granted a three-year extension for the P2170 Verbier licence as it finalises plans for the Great Buchan area (GBA) development. FIELD DEVELOPMENT PLAN The North Sea Transition Authority (NSTA) granted the second-term extension until 29 August 2026, allowing the company and farm-out partner NEO Energy time for […]
Predator begins drilling MOU-4 well at Guercif
Predator Oil & Gas Holdings plc has started drilling the MOU-4 well to appraise the Moulouya Fan on the Guercif licence, onshore Morocco. RIGLESS TESTING The Star Valley Rig 101 began operations on 29 June and will also test the potential for Jurassic carbonate reservoir development within a 126km² structure. After drilling MOU-4, Predator will […]