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 […]
Month: December 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 […]
Strike-off notice for Red Rock-Power Metal JV
Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar. Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields. […]
FCM partner acquires 80% of West Pickle Lake
First Class Metals plc’s partner has acquired an 80% interest in and become operator of the West Pickle Lake nickel-copper project in Ontario. EXTENSIVE Palladium One Inc. completed its earn-in over two years of a possible three-year period and will now create a formal joint venture agreement for the 33 single cell mining claims. The […]