Arkle Resources plc said results from drilling in December at the Inishowen prospect had expanded the strike length of the known gold bearing structure. FLUCTUATIONS The company drilled four holes for a total 220.4m, of which the first two targeted the main vein at Meeneragh. Recorded gold grades, found within quartz veins and fault gouge […]
Day: 19 December 2024
Orcadian awarded North Sea licences with partners
Orcadian Energy plc has been awarded two central North Sea licences, each in separate partnerships, in the 33rd licensing round. STRATEGY The mid-North Sea High licence contains shallow gas prospects and leads with up to 336bcf of gross prospective recoverable resource on a P50 basis, estimated by Orcadian as a guide. The two largest prospects of […]
Serica CEO and director Mitch Flegg to leave
Serica Energy plc chief executive and director Mitch Flegg is to step down after six years in the post and 40 years in the oil and gas industry. OUTSTANDING He will leave after publication of the company’s 2023 full year results and remain an adviser to Serica until after the general meeting expected in June. […]
Power Metal raises £1.3m from high net worth investors
Power Metal Resources plc has raised £1.3 million by issuing 130m ordinary shares each of 0.1 pence to UK-based high net worth investors and its first strategic Saudi Arabian investor. The ordinary shares had an issue price of 1.0 pence per ordinary share, representing a premium of approximately 3.09% to the closing mid-market price of 0.97 pence per ordinary share […]
Deltic awarded Dewar-Central Graben blocks
Deltic Energy plc has been provisionally awarded two central North Sea licences over three part-blocks covering 226km2 in UK’s 33rd offshore licensing round. LOW COST The North Sea Transition Authority (NSTA)’s tranche 2 awards are for blocks 22/24f (part) and 22/25e (part) over 80km2 within Dewar and blocks 29/4b across 146km2 in Central Graben. Deltic previously […]