Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]
Day: 17 September 2024
Beacon to cut costs under Erfelden poor show
Beacon Energy plc subsidiary plans to cut costs and open talks with its creditors as the Schwarzbach 2(3.) sidetrack well continues to perform below expectations in the Erfelden field, Hessen. CHALLENGES In early June, the electrical submersible pump (ESP) was producing intermittently with an apparent initial poor response from the reservoir. The company today said […]
UKOG issues further 248m shares to reduce loan
UK Oil & Gas plc has repaid a further £50,000 of its £2m loan by issuing 247,524,752 equity shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The outstanding balance of the 2023 loan stands at £210,000. Following admission, UKOG’s total voting rights will be 4,834,122,740 ordinary shares.
Ascent appoints Edouard Etienvre as NED
Ascent Resources plc has appointed Edouard Etienvre to the board as an independent non-executive director. Mr Etienvre is a finance and commercial executive with more than 18 years’ experience in the oil and gas sector. He initially worked in the banking sector (reserve-based lending) and recently with private and public E&P companies, commodities trading houses, […]