Corcel plc’s shareholder Extractions Premium & Mining Ltd has entered a put option agreement with Richard Jennings and cancelled the call option from February 2024. Under the terms of the agreement, Mr Jennings has the right from 16 April 2024 until 1 September 2024, to sell up to 99 million ordinary Corcel shares to EXT. The […]
Month: December 2024
United receives $1m over Abu Sennan
United Oil & Gas plc said it had received US$1 million from state oil company Egyptian General Petroleum Corporation (EGPC) in relation to the Abu Sennan onshore licence. ASSETS The funds will leave United debt free while withdrawal from the concession, in which it held 22% working interest, is finalised. The company anticipates the remaining […]
Hummingbird takes over Kouroussa contracts
Hummingbird Resources plc has issued a formal ‘step-in notice’ allowing it to take contractual control of operations, suspended since 17 March, at its Kouroussa mine in Guinea. MINING The company said discussions continued with Corica Mining Services, which stopped work, aimed at returning its main contractor to work and ramp-up operations under the existing mining […]
EGT to drill at Olserum during H2
European Green Transition plc expects to begin a 42 drill hole programme for 9,000m during H2 at its flagship 6.5km2 Olserum rare earth elements project in southern Sweden. POTENTIAL The company said it received approval for two years following consultation with landowners and the Kalmar County Board. Work will include resource infill at the existing Olserum resource, […]
Cononish mine’s largest investor takes control
Cononish gold-silver mine’s largest investor Barn Bridge Ltd now holds 75% shares or more in developer SCZ Grampian Ltd, replacing the latter’s Australian parent Scotgold Resources Ltd. RIGHTS Companies House recorded the effective date of the changes as 1 November 2023, and received and published the notices today. Additionally, on 15 December 2023 chief financial […]
Corcel finds ‘significant’ water from TO-14 clean-up
Corcel plc found “significant” water production with oil shows and nominal oil saturation levels from clean-up operations using nitrogen at the TO-14 well within the Tobias field, onshore Angola. DATA Partner and operator Sonangol has now completed initial well test efforts at the well while engineering work continues. Nitrogen shortages in Luanda have prompted […]