Kavango Resources plc has identified more than 90 interpreted trap-site features, with 10 priority targets for phase I drilling, at the 6,200km2 Karakubis copper project in Botswana. GOAL Previous analysis of core indicated the potential for the trap sites, which the company believes are associated with “doubly plunging anticlinal fold and fault structures”. Each potential trap […]
Day: 16 September 2024
Fulcrum completes uranium option deal
Fulcrum Metals plc has completed the definitive option agreement to sell the company’s uranium projects in Saskatchewan, Canada. Purchaser Terra Balcanica Resources Corp acquired the option for 100% of the projects by completing four years’ exploration programmes and for staged cash and equity payments. The assets comprise Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton. Proceeds […]
Panther CEO issued with 63,922 shares
Panther Metals plc chief executive has exercised the conversion rights attaching to the £56,000 of convertible loan notes held by him in respect of principal and accrued interest of £9,520. Following the exercise on 28 July, Darren Hazelwood will be issued with 63,922 new ordinary shares of no par value in the company at £1.025 […]
JOG to review impact of EPL changes
Jersey Oil & Gas plc said it will carefully consider the impact of the changes to the Energy Profits Levy on its Greater Buchan Area project, northeast of Aberdeen in the Outer Moray Firth IMPLICATIONS On 29 July, the Government announced that the EPL will increase to 38% from 1 November 2024, bringing the headline rate […]
Deltic JV spuds Selene exploration well
Deltic Energy plc said drilling had started on the Selene exploration well in the Southern North Sea. FARM-OUTS Partner and operator Shell UK Ltd expects operations on well 48/8b-3 within licence P2437 to take 90 days. Deltic estimates the Selene gas structure contains gross P50 prospective resources of 318 bcf in the Leman Sandstone reservoir. […]