Deltic Energy plc said its partner and operator Shell UK Ltd had recommended entering the second term of licence P2437, containing the Selene gas discovery. FID Along with Dana Petroleum (E&P) Ltd, the joint venture will agree a low-cost work programme and timeline with the North Sea Transition Authority before a potential final investment decision. With […]
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Power Metal CEO purchases 200,000 shares
Power Metal Resources plc chief executive officer Sean Wade today purchased 200,000 ordinary shares of 2 pence each in the company for a total £24,780.81. The acquisition was for 12.375p per share. Following the transaction Mr Wade has 938,235 shares, representing 0.82% of Power Metal.
Condor Gold agrees up to £475,000 loan
Condor Gold plc has entered into an unsecured term loan facility for up to £475,000 with Galloway Ltd. LA INDIA Galloway, owned by Burnbrae Group Ltd which is in turn owned by Condor’s chairman Jim Mellon, owns 26.13% of Condor’s issued ordinary share capital. Condor non-executive director Denham Eke is also a director of Burnbrae […]
Power Metal grants 6.4m share options
Power Metal Resources plc has granted options over 6.4 million new ordinary shares of 2 pence each in the company to certain directors and staff members. DIRECTORS The options, to subscribe for new ordinary shares at an exercise price of £0.20 each, include 3.75m for board directors and officers. Chief executive Sean Wade received 1,350,000 options; non-executive chairman Scott […]
Strategic Minerals managing director retires
Strategic Minerals plc managing director John Peters has retired and left the board with effect from today. The company is parent to Cornwall Resources Ltd exploring for tin and tungsten. Mr Peters will remain as a consultant for six months during the transition. Non-executive director Mark Burnett becomes executive director while Strategic Minerals seeks a […]
Power Metal JV defines new target at Perch River
Power Metal Resources plc’s joint venture has defined a new target area at the Perch River uranium project within the Athabasca Basin in Saskatchewan. SURVEYS The company and partner UCAM Ltd completed helium, hydrogen, radon and soil geochemistry surveys to delineate the Rapids target. The new area consists of “multiple overlapping geochemical and radon anomalies” within a […]