Panther Metals plc confirmed gold mineralisation from four of five inaugural diamond drilled holes at the Glass Reef target in Manitou Lakes, Ontario. BREAKTHROUGH The drilling programme was a follow‐up on the “widespread” anomalous gold-in-soil and rock sampling values in Panther’s geochemical survey over the historical Glass Reef mine area. The company said that there were […]
Month: November 2024
Karelian raises £329,000 via discounted placing
Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
UKOG revenue falls at Horse Hill
UK Oil & Gas plc posted a fall in revenue following a decrease in oil production from Horse Hill within PEDL137 and PEDL246 near Gatwick Airport, Surrey. LICENCE Results from six months to 31 March, showed revenue fall to £600,000 while group operating loss decreased to £1 million compared with £1.3m for six months to […]
Orcadian secures new debt repayment date
Orcadian Energy plc has secured an extension to 5 July to repay its $1.43 million loan to Shell International Trading and Shipping Company Ltd. The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s offered southern North Sea licence. On repayment of the debt, the company will […]