Orcadian Energy plc has given its potential partner a further seven days to sign a definitive deal for the 81.25% farm-out of the Pilot oil licence. NSTA The original deadline of 30 November to complete the transaction for P2244 must be signed by 7 December or the company’s interest in the conditional two-year licence will […]
Finance
Kavango to acquire 15% of gold explorer Pambili
Kavango Resources plc expects to acquire 15% of gold explorer Pambili Natural Resources Corporation by converting its $250,000 convertible loan and a $75,000 loan premium into shares. GOLDEN VALLEY In 2022 Pambili, previously solely focused on oil and gas, completed an earn-in investment of up to 75% of Golden Valley gold mine in Matabeleland, southern […]
GreenRoc increases fundraise to £535,786
GreenRoc Mining plc has increased last week’s fundraise by £75,000 via an additional tranche placing of 3 million new ordinary shares of 0.1 pence each at a price of 2.5 pence per share. GreenRoc agreed to the additional tranche following a request from an existing shareholder who did not meet the book closing deadline for […]
FCM directors loan 12m shares to raise £603,000
First Class Metals plc executive chairman and executive director have lent a total 11,990,665 ordinary shares to the company to raise £603,000 for the company via a placing. STOCK LENDING The ordinary shares each of £0.001 par value at a price of 6 pence per placing share represent a 16% discount to the mid-market closing price […]
JOG agrees 30% GBA farm-out with Serica
Jersey Oil & Gas plc has agreed to farm out a 30% non-operated interest in the Greater Buchan Area (GBA) licences to Serica Energy (UK) Ltd. PARTNERS The GBA contains several oil and gas accumulations, 150km northeast of Aberdeen, of which the largest is the Buchan field. Buchan prouced for 30 years before operations stopped […]
GreenRoc raises £460,790 via placing
GreenRoc Mining plc has raised £460,786 via a placing of 18,431,452 new ordinary shares each of 0.1 pence at a price of 2.5 pence per placing share. DIRECTORS’ DEALINGS Participants included chief executive officer Stefan Bernstein, non-executive chairman George Frangeskides and independent non-executive director Mark Rachovides, who each subscribed for 200,000 shares for £5,000. On […]