Predator Oil & Gas Holdings plc has restarted planning the MOU-5 Jurassic well, targeting the ‘Titanosaurus structure’ covering up to 187km2, at Guercif onshore Morocco. HELIUM The company will also evaluate the possibility of helium potential by MOU-5 and MOU-4 rigless well testing, after a gas sample from MOU-3 showed the presence of helium. The […]
Month: September 2024
UKOG raises £248,204 via retail offer
UK Oil and Gas plc has raised approximately £248,204 via a retail offer for 496,408,000 new ordinary shares of £0.000001 each in the company, at 0.05 pence per share. The funds raised add to the company’s 37% discounted placing on 5 August, which raised £1 million at the same price per share. Issue of shares is […]
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Ormonde technical adviser becomes CEO of TRU
Ormonde Mining plc technical advisor Steve Nicol has been appointed chief executive officer of investee TRU Precious Metals Corp. He has been a director of the Canadian company, alongside Ormonde’s executive chair Brian Timmons, since Ormonde’s investment in 2023. He is also a director of Ormonde’s other investee company Peak Nickel Ltd. Mr Nicol is a […]
Oriole identifies new mineralised zone at Bibemi
Oriole Resources plc said it had identified a new mineralised zone at the Lawa West prospect within its 82.2%-owned Bibemi orogenic gold project in Cameroon. EXPANSION Earn-in partner BCM International Ltd is currently funding up to US$4 million exploration in return for up to a 50% interest in the project. Oriole added that recent mapping within the […]
Predator begins Sandjet rigless testing on MOU-3
Predator Oil & Gas Holdings plc has begun Sandjet rigless testing on the MOU-3 well at Guercif in Morocco. MOMENTUM Following the June arrival of initial equipment, testing tools and chemicals required for rigless testing operations were imported into Morocco after customs clearance. Remaining rigless testing equipment arrived after clearance on 2 August, with the […]