Prospex Energy plc has received notices to convert £470,840.17 in four convertible loan notes (CLNs) for 11,078,594 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. Following admission, the company will have 304,835,746 ordinary shares in issue. Prospex holds gas interests in Selva (37%) […]
Day: 11 November 2024
Scirocco secures more time to sell Ruvuma interest
Scirocco Energy plc has secured an extension to the long stop date for the sale of its 25% interest in the Ruvuma gas project in Tanzania. CONDITIONS PRECEDENT The company and purchaser ARA Petroleum Tanzania (APT) agreed to amend the date of the proposed $16 million transaction from 31 August 2023 to 30 September 2023. […]
Galantas drill results expand Gairloch mineralisation
Mineralisation at the Gairloch project has expanded based on Galantas Gold Corp’s drill results from the third and fourth exploration holes and prospecting samples. TREND The Canadian company has localised current drilling within 100 metres of where the mineralised unit is exposed at surface. Hole 23-GL-04 intersected 4.42 g/t gold, 0.71% copper, 0.52% zinc, 69 […]
Egdon sale progresses after satisfying NSTA condition
Egdon Resources plc’s sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. TIMETABLE The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in relation to the acquisition, said Egdon today. Following the satisfaction or waiver of other conditions, the sanction hearing is expected to […]