Helium One Global Ltd is preparing to move beyond exploration following drill stem test results from the Itumbula West-1 well at Rukwa, Tanzania. EVALUATION The test measured a maximum flow rate of 0.5 million cubic feet per day containing 4.7% helium, without any artificial lift, from the factured Basement and faulted zone. Flow rates in […]
Day: 19 December 2024
Sunrise chairman purchases 23m shares
Sunrise Resources plc executive chairman Patrick Cheetham purchased 23 million ordinary shares of 0.001 pence each in the company on market, at a weighted average price of 0.0427 pence per share. Following the purchase, on 5 and 6 March 2024, Mr Cheetham is beneficially interested in 281,832,572 ordinary shares, including 5,500,000 ordinary shares held by […]
Corcel issues 100m shares via warrant exercise
Corcel plc issued 100 million new ordinary shares of £0.0001 each following notice of the exercise of 100m warrants each at a price of £0.0021 for £210,000. Following admission, the company‘s issued share capital will comprise 1,874,794,153 ordinary shares, with equal voting rights. None of the shares are held in treasury.
Galantas hints at wider potential gold district
Galantas Gold Corporation survey results identified an undrilled target which could reveal the wider potential of the gold district around Cavanacaw mine in Omagh. CORNAVARROW The Canadian company has also received permission to drill eight boreholes from three locations within the mine site, which will target a southern portion of the main Joshua vein. In […]
Tullow swings to $435m loss
Tullow Oil plc swung to a loss driven by impairments and write-offs totalling $435 million from its operations. RELENTLESS Year results for 2023 showed loss from continuing activities of $110m compared with a $49m profit in 2022. The group wrote off exploration costs of $27m (2022: $105 million) mainly in Kenya following withdrawal of the JV partners. A re-assessment of risks resulted […]