Independent Oil and Gas plc (IOG) said it expected 2021 to be another breakthrough year with first production and revenue in the UK Southern North Sea. The company, which operates an infrastructure-led hub strategy, added that Phase 1 remained on schedule for first gas during the third quarter of 2021. The Blythe and Elgood offshore […]
Author: editorial
Condor Gold starts second rig to drill 4,000m at La India
Condor Gold plc announced that a second drill rig had started a 4,000 metre infill diamond drilling programme at the ‘high-grade’ starter pits La India, Nicaragua. The company said that the starter pits were designed pits containing 445Kt at 4.17g/t gold for 59,700 oz gold using a 2.0g/t gold cut-off. The rig was mobilised for […]
Condor Gold raises £18,600 through warrant exercise
Condor Gold plc has raised £18,600 following the exercise of warrants to issue 60,000 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.
Cornish Metals agrees royalty deal with Osisko
Cornish Metals Inc today announced that it had reached an agreement with Osisko Gold Royalties Ltd to convert an outstanding amount of CA$7.17 million under the 2018 note financing into a royalty. One of the conditions for Canadian company Cornish Metals, formerly known as Strongbow, is a successful listing on the London Stock Exchange’s alternative […]
Condor Gold receives £189,435 via warrant exercise
Condor Gold received gross proceeds of £189,435.20 on 13 January 2020 following notices to exercise of warrants. The company issued 501,713 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share for 125,000 warrants and at a subscription price of 40p […]
Union Jack increases stake in Biscathorpe for £1m
Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]