Predator Oil & Gas plc has reported potential in-place helium of 104.31bcf for the P50 upside case in the MOU-5 well on the Moulouya prospect at Guercif in Morocco. PATHWAYS Scorpion Geoscience Ltd’s new report includes 598.88 billion cubic feet for the P10 upside case. In August, the potential conventional prospective gross recoverable gas resources […]
Day: 11 November 2024
Hummingbird mulls selling non-core assets
Hummingbird Resources plc has secured a US$30 million loan as it initiates an independent review of its West Africa operations, including the possible sale of its non-core assets. KOUROUSSA The company’s largest shareholder CIG SA lent $20 million, payable in tranches, and consolidated a previous US$10 million short-term loan. Hummingbird said it anticipated changing the […]
Kavango deputy chairman advances £200,000
Kavango Resources plc received a £200,000 advance from its deputy chairman in a convertible loan note. LISTING Peter Wynter Bee’s subscription on 24 September follows the £2 million investment from major shareholder Purebond Ltd, and is on the same terms. Kavango added that the Financial Conduct Authority was reviewing its completed draft prospectus. The final […]