Corcel plc’s partner will soon restart intervention activities at the Tobias-13 and Tobias-14 wells on block KON-11 in the Kwanza Basin, onshore Angola. CONFIDENT Previous drilling and testing resulted in minimal oil for TO-13 and significant water in TO-14’s clean-up. The company said that the work by operator Sonangol would provide additional information specifically relating […]
Day: 27 January 2025
Altona signs final agreement for Sesana
Altona Rare Earths plc has signed a final agreement for the Sesana copper project within prospecting licence PL2329/2023 in the Kalahari copper belt, Botswana. PERMITTING The deal allows the company to acquire up to 85% in the tenement currently owned by Ignate African Minerals (Pty) Ltd. Altona will make payments in three tranches over four […]
Guardian signs purchase option for Tempiute
Guardian Metal Resources plc has signed a definitive exploration lease and option to purchase agreement for the historic Tempiute tungsten project in south-central Nevada. TERMS The agreement follows the binding letter of intent signed at the end of October 2024. Tempiute, formerly known as the Emerson tungsten mine, lies southwest of the company’s flagship Pilot […]
CRL’s parent appoints Riverfort chairman as NED
Cornwall Resources Ltd’s parent company Strategic Minerals plc has appointed Philip Haydn-Slater as an independent non-executive director, with immediate effect. Mr Haydn-Slater is currently non-executive chairman of Riverfort Global Opportunities plc. His experience in public and private companies has covered corporate finance, investments, and he has also held board positions of publicly listed firms. Mr […]
United issues 59m shares to settle Egypt legacy
United Oil & Gas plc has issued 59,523,810 new ordinary shares to settle an outstanding balance with Rockhopper Exploration plc relating to the transfer of the Abu Sennan licence in Egypt. EXPLORATION In 2019 Rockhopper agreed to sell its 22% working interest to United, which held the concession until 2024. The issued new ordinary shares […]