Block Energy plc holds 302.8MMboe mean unrisked prospective resources in the Martkopi Terrace prospect within its wider Georgia gas exploration portfolio, based on an independent report. PROJECT 1V DeGoyler MacNaughton covered Block’s project IV, comprising Didi Lilo, licence XIF and exploration licence IX with private farm-out partner and operator Georgia Oil & Gas Ltd (GOGL). Findings for the Didi […]
Month: November 2024
Alba cancels 313m and reissues 360m share options
Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]
Reabold holds 26.1% in Colle Santo option holder
Reabold Resources plc has invested a further £1,650,000 to increase its holding to 26.1% in the majority owner of the Colle Santo gas field. COLLABORATION The company, which signed the original conditional agreement in May 2023, exercised its second option to subscribe for 116 new ordinary shares in LNEnergy Ltd which holds 90% of the field. […]
South Crofty mine water levels fall faster than expected
Cornish Metals Inc said that water levels are falling quicker than expected during the dewatering of South Crofty tin mine. UNDERGROUND WORKINGS Operations began in early November with up to 25,000m3 per day of water pumped directly from the mine to the water treatment plant before discharge into the Red River. The Canadian company said […]
Condor chairman raises £1m for La India sale
Condor Gold plc chairman Jim Mellon exercised warrants for £1 million to ensure the company has sufficient money during the sales process for La India open pit in Nicaragua. OFFERS The exercise over 6,666,667 new ordinary shares, each at an issue price of £0.15, was by Galloway Ltd, owned by Burnbrae Group Ltd which is, […]
EnQuest director buys 360,000 shares
EnQuest plc senior independent director Karina Litvack bought 360,000 ordinary shares in the company each of £0.05 at a price of 0.1387 per share. Ms Litvack, who on 15 September was appointed chair of the remuneration and social responsibility committee, made the purchase on 29 November 2023.