Altus Strategies plc reported a new potential gold deposit at the company’s 100% owned Diba project in western Mali. The company said that the delineation of a significant and coherent, shallow-dipping and near-surface potential gold deposit (Diba NW) was located approximately 1.5km northwest of the primary Diba deposit. Ground geophysics and follow-up drilling at Diba […]
Author: editorial
IGas expects increase in production for 2021
IGas plc announced it expected to increase production this year with the Welton and Scampton waterflood projects in Lincolnshire now on line. In its unaudited operational, reserves and financial figures for the year ended 31 December 2020, the onshore hydrocarbon company said that net production was within guidance averaging 1,907 boepd for the year. Operating […]
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
JOG takes more control in GBA with merged licence
Jersey Oil & Gas plc (JOG) said it had increased its control in the Greater Buchan Area (GBA) following the execution of the merged licence P2498. Part block 20/5e is located within the company’s GBA development acreage and contains an extension of the J2 (well 20/05a-10Y) oil discovery. This part block has been incorporated within […]
Europa to raise £2m via placing-broker option
Europa Oil & Gas (Holdings) plc has conditionally raised £2 million through a placing and broker option. The company conditionally raised £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares at a price of 1.3 pence per placing share. Europa has also granted a broker option to conditionally raise up to a […]
OGA monitors compliance with net zero strategy
The Oil and Gas Authority (OGA) said it will monitor companies to ensure they are abiding by its revised strategy outlining net zero obligations. The strategy, which is now in force, reflects the energy transition and includes a range of obligations on companies in the industry. These cover increasing efforts to reduce production emissions, support […]