Neptune Energy today said it would spend more than $1 billion (£800m) over the next five years to secure energy supplies for the UK and speed the transition to net zero. CARBON INTENSITY The company operates around 11% of the country’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North […]
Finance
Kavango raises £750,000 via placing
Kavango Resources plc has raised £750,000 by way of a “heavily oversubscribed” placing at 3p per share over the weekend. A total 25 million new ordinary shares were placed with institutional, high net worth and retail investors. The company said the placing price was not at a discount to the offer price of its shares […]
Red Rock notes directors’ dealings
Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]
Red Rock attracts $100,000 investment for Zimbabwe lithium project
Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]
Jersey Oil & Gas notes directors’ dealings
Jersey Oil & Gas plc (JOG) said that on 5 May, three directors of the company acquired ordinary shares of 1p each in the company. DIRECTORS The directors include chief executive officer Andrew Benitz, non-executive chairman Leslie Thomas and non-executive director Marcus Stanton. Director Number of Ordinary Shares Acquired Price per Ordinary Share Acquired (p) […]
Kavango-Power Metal expand exploration at Ditau
Kavango Resources plc has started a second drill hole and expanded its exploration programme at Ditau Camp rare earth element (REE)-base metals joint venture (JV) in Botswana. JOINT VENTURE The 50-50 project comprises the operator and Power Metal Resources plc, as Kanye Resources. The JV holds two prospecting licences of PL169/2012 & PL010/2019, covering 1,386km2 […]