Scotgold Resources Ltd temporarily stopped trading today at the company’s own request pending clarification of the company’s financial position. The company’s ordinary shares of no par value stop trading from 7.30am on AIM at its own request. In March, Scotgold raised concerns over its future following low gold grades, lack of funding, rising losses and […]
Month: December 2024
Power Metal finds helium anomaly at Perch River
Power Metal Resources plc has discovered an “extremely strong” helium anomaly in the centre of its Perch River uranium project within the Athabasca basin, Saskatchewan. EXPECTATIONS The company recently acquired the two-year Perch River licences, covering 39.41km2 and located less than 10km from the northern basin edge. Chief executive officer Sean Wade said that the indications could be […]
Obituary – mining executive and Green Glen chairman David Hall
Green Glen Minerals Ltd has announced the sudden death of its executive chairman and director David Hall PGeo. A fellow of the Society of Economic Geologists and EuroGeol, Mr Hall had some 35 years’ experience in exploration projects and mines in more than 50 countries. His previous roles included chief geologist for Minorco SA, exploration […]
Anning-Somerville pipeline survey begins
Gardline vessel Ocean Observer has begun the pipeline survey for the gas off-take route from the joint venture Anning and Somerville fields in the southern North Sea. CONTRACT Australian company Hartshead Resources NL and Viaro subsidiary partner RockRose Energy Ltd expect the survey to complete in early October, subject to the weather. The 80.4 metre […]
Fully termed deal signed for Weaverthorpe onshore gas licences
Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Tobias-13 well spuds in brownfield block KON-11
Corcel plc’s partner yesterday began drilling the Tobias-13 oil well in block KON-11 in the Kwanza basin, onshore Angola. DATA Subject to the first well’s results, the workplan for KON-11 includes one or more new wells with the main aim of early production. On positive drilling results, the geological and geophysical data will be […]