Neptune Energy and its partners have made a new gas discovery at the Kyrre prospect within PL929 in the Norwegian sector of the North Sea. VOLUMES The discovery is located close to the Gjøa field where the company today also confirmed the volumes for the Ofelia appraisal well. After drilling side-track 35/6-4 A into the […]
Month: November 2024
Condor receives £850,000 via NEDs shares purchase
Condor Gold plc has received an additional £851,999 via directors dealings following its chairman’s recent £1 million investment. NON-EXECUTIVE DIRECTORS The company issued 5,679,994 new ordinary shares each at £0.15, principally to existing shareholders. As part of the placing non-executive directors Andrew Cheatle and Ian Stalker have subscribed, directly or indirectly, for 33,333 and 66,666 […]
UKOG granted more time for Horse Hill work
UK Oil & Gas plc has been granted more time for the retention area work programme containing the Horse Hill oil field in Surrey. PRODUCTION WELL The North Sea Transition Authority consented to the extension within PEDL137, under which lies the Kimmeridge oil pool, to 30 September 2025. NSTA last granted UKOG an extension in May […]
Red Rock receives £110,000 from high net worth investor
Red Rock Resources plc received £110,000 via a subscription of 100,000,000 ordinary shares at £0.0011 per share by a high net worth investor. COSTS The company said that the investor had provided personnel to help bring its lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establish an export pipeline for […]
Golden Metal CEO buys 80,000 shares
Golden Metal Resources plc chief executive officer Oliver Friesen bought 80,000 on-market shares in the company at a price per share of 9.35p. The £7,480 purchase, on 11 December 2023, takes Mr Friesen’s beneficial interest to 673,967 shares, representing 0.79% of the company’s issued shared capital.
Alba notes Horse Hill term sheet extension needs shareholders’ support
UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]