Orcadian Energy plc has secured an extension to the repayment date of its $1 million loan plus interest to Shell International Trading and Shipping Company Ltd (Stasco). PILOT FIELD The deadline for repayment has been extended from today to 13 September 2023. Orcadian, which currently holds £95,000, said it was in discussions with Stasco for […]
Day: 11 November 2024
Red Rock issues 26m shares for £52,500 CLNs
Red Rock Resources plc issued 26,000,000 ordinary shares each at a price of £0.0020196 after receiving notice to convert £52,509.60 of convertible loan notes, including interest. The company has also issued 50 million warrants exercisable into new ordinary shares for two years at 0.2p to an unsecured lender, subject to approval at the next general […]
Strike-off action stopped for Red Rock-Power Metal JV
The compulsory strike-off action has been discontinued against the Red Rock Resources and Power Metal Resources gold exploration joint venture in Australia. Companies House made the announcement today in respect of New Ballarat Gold Corporation.
Neptune spuds first operated Egyptian well
Neptune Energy has begun drilling its first operated well in Egypt with the Yakoot gas exploration well, in the North West El Amal offshore concession in the southern Gulf of Suez. MILESTONE For the first phase of operations the ADM-8 rig, operated by ADES, has a final target depth of around 3,600 metres. Neptune plans […]