Prospex Energy plc’s swing to a loss has failed to dent its optimism with the start of gas production in the Po Valley and approvals pending for more wells in Italy and Spain. FINANCES Half-year results to 30 June showed £888,473 loss after taxation from operations (H1 2022: profit £5,120,408). The figures includes unrealised losses of […]
Day: 23 December 2024
Union Jack invests in Beacon Energy
Union Jack Oil plc has purchased its first international interest with a 3.22% stake in onshore Germany-focused oil and gas company Beacon Energy plc. SYNERGY The purchase is equivalent to 439 million shares in the production, development, appraisal and exploration company through its wholly owned subsidiary, Rhein Petroleum GmbH. Union Jack’s acquisition was part of […]
Power Metal expands Perch River footprint
Power Metal Resources plc has expanded its Perch River uranium project by 38% to include more helium anomalies and prospective geology. TREND The move follows the discovery earlier this month of “highly significant” helium anomalies at the site within the Athabasca basin. The company has now secured a further 1,514.8ha to the North taking the […]
Red Rock sends lithium oxide samples to potential overseas buyers
Red Rock Resources plc has sent high grade lithium oxide sampling results from its Zimbabwe project to potential overseas buyers for review. POTENTIAL Last month the company reported it had opened talks on possible sales to agents in China. Three samples each approximately 2kg from the pegmatite at the first permitted area were first sent […]
Cornish Metals drill tests ‘district-scale’ target
Cornish Metals Inc has begun a 14-hole exploration drill programme for 9,000 metres to test a possible district-scale tin target at Wide Formation in Carn Brea South. EXPANSION Discovered in January, the target lies along the southern boundary of the South Crofty underground mine permission area. The Canadian company infers Wide Formation to lie parallel […]