Critical Mineral Resources plc (CMR)’s cornerstone investor EV Metals Group plc (EVM) has sold its 16.3% holding, which has been bought by two of its directors. KM SECURITIES The shares sale occurred on the same date of 26 January as new investment vehicle KM Securities Pty Ltd purchased 10 million shares at a price of […]
Month: November 2024
Arkle-Group Eleven granted new Stonepark licence
Arkle Resources plc’s joint venture has been awarded a further prospecting licence surrounded by the five already held in Stonepark, Ireland. PROSPECTIVE Canadian company Group Eleven Resources Corp holds 76.56% and Arkle owns the remaining 23.44% of the zinc project. Arkle said that the interpreted southwest continuation of the prospective Coonagh Castle Fault lay under […]
Europa given time to study Inishkea
Europa Oil & Gas (Holdings) plc has been granted a two-year extension to Phase 1 of FEL 4/19, containing the Inishkea prospect, in the Slyne basin offshore Ireland. During the period, the operator intends to carry out further technical studies and secure a partner to develop its 100%-owned 945km2 licence. The primary target is the […]
Beacon begins sand jetting Schwarzbach-2(2)
Beacon Energy plc continues clean-up on Schwarzbach-2(2) while beginning sand jetting operations to stimulate the well in the Erfelden field, Germany. PERFORATIONS The rod pump was installed in late 2023 but production remains at approximately 40 barrels of oil per day, indicating that the reservoir near the wellbore is invaded by drilling fluids restricting flow rates. Sand […]
Union Jack signs Texas deals and plans Oklahoma JVs
Union Jack Oil plc has made its “initial” expansion into America with three purchased mineral royalty packages in Texas and planned joint ventures in Oklahoma. PERMIAN BASIN The unit acquisitions in the Permian basin, to be owned in perpetuity with no forward liabilities or obligations, were brokered by the company’s agent and adviser Reach Oil […]
Arkle sampling identifies polymetal targets at Aughrim
Arkle Resources plc identified several targets of interest with anomalous polymetallic discoveries from prospecting on its Aughrim block in County Wicklow. PROMISING The four licences comprise a 152.01km2 extension of the company’s Mine River gold project on the border with County Wexford. Today’s published findings are from samples taken in November 2023 from priority targets. […]