Scotgold Resources Ltd could appoint administrators in Australia, in addition to the expected administration in the UK, after its largest shareholder took further steps over its loan agreement. RIGHTS The secured creditor over SGZ Cononish Ltd, developer of the gold-silver mine near Tyndrum, is Bridge Barn Ltd controlled by former chairman and director Nathaniel le […]
Month: November 2024
Ascent appoints Jean-Michel Doublet as NED
Ascent Resources plc has appointed Jean-Michel Doublet to the board as an independent non-executive director with immediate effect. Mr Doublet has more than 25 years’ international experience in corporate finance, with M&A experience, working with independent oil and gas companies focusing on emerging markets. He previously held a directorship at ZHRH Corporation in Nevada and […]
UKOG notes arrival of 7-inch perforating guns for Pinarova-1
UK Oil & Gas plc (UKOG) said that 7-inch perforating guns, capable of fully penetrating the joint venture Pinarova-1 well’s 9⅝-inch casing, arrived last week via airfreight in Istanbul. ACCUMULATION Following completion of preparations and paperwork the guns will be transported to site to resume operations on the exploration well. Pinarova-1 is testing whether […]
Serica Energy CFO Andy Bell to leave
Serica Energy plc chief financial officer Andy Bell will leave in the new year after nearly 20 years with the company. His replacement will be Martin Copeland. Mr Bell was initially a consultant to Serica and, since the Bruce, Keith and Rhum acquisitions, has been vice president finance and in September 2021 CFO. “The board […]
Helium confirmed from downhole fluid samples in Tai-3
Helium One Global Ltd said that downhole fluid samples have confirmed the presence of helium in the Tai-3 well on the Rukwa licence, Tanzania. BASEMENT TARGET Fluids were recovered from reservoir intervals in the Upper and Lower Karoo Group following the now completed wireline logging and sampling, which showed “good quality reservoir sands interbedded with […]
Power Metal finds ‘significant’ uranium anomalies
Power Metal Resources plc reported “significant” uranium prospectivity and refinement of drill targets from radon gas sampling at two of its properties at Athabasca basin, Saskatchewan. LARGE TARGET During the 2023 field season at the Tait Hill’s Mullis Lake target, the company found “very significant uranium” anomalies of up to 164ppm in soil. The deposits are […]