Power Metal Resources plc said new sampling results further demonstrated gold mineralisation continuity within the 8km-long gold trend at Tati near Francistown, Botswana. ANOMALIES The company first confirmed the project’s large-scale gold-in-soil anomaly in September 2021 two months after acquiring the project. Today’s published results are from last year’s extensive soil sampling and show the presence […]
Month: December 2024
Helium One ITW-1 flows helium to surface
Helium One Global Ltd’s completed Itumbula West-1 well flowed high concentration helium, measuring 4.7%, from Basement to the surface at Rukwa in Tanzania. EVALUATION The company yesterday said that a measured helium concentration of 4.7% equates to almost 9,000 times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of […]
Union Jack signs 45% farm-in for West Bowlegs well
Union Jack Oil plc has signed a farm-in agreement to acquire a 45% working interest in a well planned to drill test the West Bowlegs prospect in Seminole County, Oklahoma. HUNTON LIMESTONE The company last month announced it was planning joint ventures with its newly appointed agent and adviser Reach Oil & Gas Inc. The […]
Scirocco investor requisitions general meeting
Scirocco Energy plc will vote on a resolution to distribute cash to its shareholders in a requisitioned general meeting. ALTERNATIVES Forest Nominees Ltd, the legal holder of 78,978,978 shares in the company held as nominee on behalf of G.P. (Jersey) Ltd, called for the meeting in a letter dated 2 February under section 303 of […]
Clontarf looks to bid for Bolivian priority salt pans
Clontarf Energy plc could submit bids for a direct lithium extraction project from seven priority salt pans, or salares, in Potosí and Oruro, Bolivia. PILOT PLANT The company’s joint venture with US-based NEXT-ChemX Corporation plans a pilot plant in Bolivia in partnership with state-owned lithium company YLB* by the end of 2024. On 26 January, […]
Parkmead mulls geothermal energy for Fynn Beauly
The Parkmead Group could use geothermal energy instead of injecting hot water to reduce oil viscosity for enhanced recovery in Fynn Beauly in the central North Sea. SUBSTANTIAL The discovery is part of three new offshore blocks 14/15a, 14/20d and 15/11a in a new licence awarded to the operator’s 50-50 joint venture with Orcadian Energy […]