The West Newton joint venture said it would save costs and generate early cash flow under revised plans for PEDL183 in East Yorkshire. GAS COLUMN The licence contains the West Newton A1, A2 and WNB-1z discoveries. The new plan is to drill the proposed well WN-A3, twinned with the untested WN A-1 discovery well, during […]
Day: 19 December 2024
Red Rock prepares Bilbale for trial processing
Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]
United conditionally raises £1m via placing
United Oil & Gas plc has conditionally raised £1 million via an oversubscribed discounted placing of 457.5m new ordinary shares with new and existing shareholders. DIRECTORS’ DEALINGS The company issued 500m new ordinary shares each of £0.00001 at a price of £0.002 each, representing 76.18% of the company’s issued ordinary share capital. The fundraise was completed […]