Jersey Oil & Gas (JOG) said that its concept select report showed a potential 172 MMboe of 2C contingent resource estimates, to be delivered via platform electrification, in the Greater Buchan Area (GBA) in the Central North Sea. PROJECT The company estimates that overall carbon emissions from the GBA with platform electrification will be <1kg/boe. Production […]
Author: editorial
Alba surface drilling extends Llechfraith strike
Alba Mineral Resources plc reported that its surface drilling programme has extended the strike of the Llechfraith gold target to 58 metres at the Clogau-St David’s gold mine, North Wales. This in addition to extending 66 metres below the deepest previously worked zone at the area. Since the start of February 2021, holes LL007 – […]
Reabold to sell 50% CLNs to fund Victory draft FDP
Reabold Resources plc will sell half of the convertible loan notes (CLNs) in investee Corallian Energy Ltd to help fund a draft field development plan for the Victory gas field, West of Shetland. MONETISATION The sale is to “a group of strategic investors” in exchange for £500,000 cash, with Reabold retaining £500,000 of the CLNs. […]
Red Rock-Power Metal to apply for Canada IPO and new gold licence
Red Rock Resources plc and Power Metal Resources plc have appointed legal counsel to begin the IPO process in Canada for the joint venture partners’ gold interests in Australia. LICENCES Red Rock Resources Australasia plc (RRAL), split 50.1%-49.9%, has also submitted an application for another licence in the Ballarat region in the Victoria gold fields. […]
Cora awarded exploration permit for Sanankoro II
Cora Gold Ltd announced it had been awarded a nine-year Permis de Recherche [exploration permit] for Sanankoro II at the company’s flagship gold project in southern Mali, West Africa. The news comes after the junior miner was awarded a Convention d’Établissement1. The permit, granted under Mali’s new Mining Code 2019, covers the same area as the previous Sanankoro […]
Power Metal appoints Edmund Shaw as NED
Power Metal Resources plc has appointed Edmund (Ed) Charles Frederick Edmund Shaw as non-executive director. Mr Shaw, aged 47, is an experienced City finance professional took up his position on 19 February 2021. His previous directorships include Dunton Capital LLP, Manders & Shaw Limited and ShawCap Limited. He is currently director at NewPeak Capital LLP […]