The Parys Mountain polymetallic project will undergo a proof-of-concept study on the use of muon tomography to identify new resource and delineate existing zones of mineralisation. MUON TOMOGRAPHY Mine owner Anglesey Mining plc, currently preparing for a drill programme, has engaged ground engineering technical services company Central Alliance to use the exploratory tool. The technology […]
Month: December 2024
Higher recoverable oil volumes expected at Wressle
Egdon Resources plc anticipates higher recoverable volumes of oil than 2016 estimates following the late stage start of water production at the Wressle joint venture in North Lincolnshire. CPR The operator said that the start of “limited volumes” of water from the Ashover Grit, accounting for an average 3.72% of total fluid produced during July […]
Orcadian mulls sale of Pilot oil licence
Orcadian Energy plc could sell the Pilot oil licence with the company’s finances “severely constrained” and a £1m debt to Shell due at the end of August. DISCUSSIONS The company, which also still needs to raise new finance in the short term for working capital, held £97,000 at end of July 2023. “A number of […]
Power Metal grants 77.5m share options
Power Metal Resources plc granted options over 77.5 million new ordinary shares of 0.1 pence each in the company to certain directors and staff. The options for new ordinary shares are at an exercise price of 1.50p with a life of five years from 1 August 2023, with a one-year vesting period. Certain board directors received a […]
GreenRoc Mining raises £470,000 via placing
GreenRoc Mining plc raised £470,000 gross via a placing of 12,368,422 new ordinary shares each of 0.1 pence at 3.8 pence per placing share. Majority shareholder Alba Mineral Resources subscribed for 3,026,316 placing shares and now holds 63,026,317 shares, equivalent to 42.97% of GreenRoc’s issued capital. Following admission, GreenRoc’s total issued share capital will comprise […]
Predator raises £10m via private placement
Predator Oil & Gas Holdings plc has raised £10 million gross from an oversubscribed bookbuild for institutional investors. A total of 90,909,090 new ordinary shares of nil par value were placed with investors at an issue price of 11 pence. Following admission, which is subject to FCA approval of the Predator’s prospectus, the company’s issued share […]