Neptune Energy has begun drilling the Ofelia appraisal well on PL929 in the Norwegian sector of the North Sea. AGAT & KYRRE The Ofelia discovery, made in August 2022, lies approximately 14km north of the Neptune-operated Gjøa field. The company said that preliminary estimates of recoverable volume were 2.5 to 6.2 million standard cubic metres […]
Day: 11 November 2024
EGM awarded Marienberg polymetal licence
European Green Metals Ltd (EGM) has been awarded a “highly prospective” three-year exploration licence covering several historic mining districts in the state of Saxony, Germany. FUNDING The Marienberg permit, covering 381km2 in southern Saxony, hosts several styles of mineralisation within the Marienberg-Pobershau, Annaberg-Buccholz and Seiffen mining districts. EGM said that the districts were mined, from […]
Ascent signs £1.5m deal for MBD to take 20% control
Ascent Resources plc has signed a £1.5 million strategic collaboration for 20% of the company with investor MBD Partners SA. PREMIUM MBD will directly subscribe for 42,857,143 new ordinary shares of 0.5p each, at 3.5 pence per new share, a 35% premium to the closing bid price of 2.6 pence on 2 October 2023. Each […]