Tullow Oil plc said it was preparing to reap from its investments as its six-month profits halved and full-year guidance narrowed. FINANCES The group posted revenue of $777m (H1 2022: $859m) from falling oil prices despite an increase in sale to 56,900 boepd (53,500 boepd). Pre-tax profit from continuing activities decreased to $217m ($561m) The […]
Month: November 2024
‘Substantial’ copper-in-soil anomaly defined at Mukai
Tertiary Minerals plc has defined a substantial copper-in-soil anomaly from soil samples at the Mukai copper earn-in project in northwest Zambia. HIGH GRADE Analysis using a portable XRF instrument in the field of 526 soil samples showed the “large high-grade” anomaly with values in excess of a 160ppm copper across 1,300m by 400m. Peak soil […]
£26.6m acquisition of Egdon sanctioned
Egdon Resources plc said that the High Court has issued the court order sanctioning the £26.6 million acquisition of the company by its majority shareholder Petrichor Partners LP. The record time for the scheme will be 6pm on 13 September 2023. Subject to the court order being delivered to the Registrar of Companies, the transaction […]
Cornish Tin to fundraise for second lithium-tin drill
Cornish Tin Ltd aims to raise further funds via a limited shares offer for its tin-copper-lithium-tungsten project at Great Wheal Vor near the village of Breage. USES Money, raised through crowdfunding, will go towards its second exploration drilling campaign and working capital. The first exploration programme for 6,500 metres showed tin grades of up to […]
Helium One to issue total 33.75m share options
Helium One Global Ltd has resolved to issue a total 33,750,000 options to directors and management to subscribe for ordinary shares. DIRECTORS The options are subject to shareholder approval granting the directors authority to issue shares for cash. The options will vest in three equal tranches over three years beginning 12 months from the date […]
Helium One issues one million shares in options exercise
Helium One Global Ltd received notice to exercise options over a total one million ordinary shares in the company. Following admission, the company’s issued share capital will comprise 942,456,430 ordinary shares with voting rights. Helium One holds no ordinary shares in treasury.