UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]
Tag: Alba Mineral Resources plc
Alba cancels 313m and reissues 360m share options
Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]
Alba completes Clogau airborne survey
Alba Mineral Resources plc continues to progress work while awaiting permission to abstract water at a higher pump rate from the Clogau-St David’s gold mine. DELAY The airborne geophysical survey over the Clogau target area is complete and further surveys will continue over key regional gold targets. Expected from 18 December, the next will be […]
Alba given more time to dewater and explore lower Llechfraith
Alba Mineral Resources plc has received permission to continue dewatering and exploring the lower Llechfraith workings in the Clogau-St David’s gold mine, north Wales. EXCLUSION ZONE Natural Resources Wales (NRW)’s grant of an extension to the company’s European Protected Species licence allows the operations to continue until 31 September 2024. “This is significant as it […]
Alba Mineral dewaters Clogau to level 3
Alba Mineral Resources plc has dewatered the lower Llechfraith workings at Clogau-St David’s gold mine to level 3 and completed field work at the historic Caerwych mine site. LOWER LLECHFRAITH The programme began following Natural Resources Wales’ refusal to allow a higher pump rate after heavy rainfall reflooded the lower Llechfraith workings. The company said […]
Alba begins emergency dewatering of lower Llechfraith
Alba Mineral Resources plc has begun emergency dewatering after the regulator refused to allow an increase in the abstraction rate within Clogau-St David’s gold mine, north Wales. EXPLORATION The company had applied for a temporary variation to restart pumping at the higher 100m3/day rate after heavy rain during July and August reflooded the lower Llechfraith shaft […]