The Oil and Gas Authority (OGA) said it had opened an investigation into a possible breach of reporting requirements under a licence. The investigation follows an enquiry which concluded that there was sufficient evidence of a breach to go ahead. OGA said it would gather and assess further information to enable the authority to reach a decision. The company involved will be offered the opportunity to provide […]
Tag: extractive industries
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
Geologists unite for £4m Deep Digital Cornwall
Mining exploration companies in Cornwall will collaborate in a £4 million programme to gather fresh geochemistry and geophysical data for a new centre in the county. PARTNERS Cornwall Resources Ltd, a subsidiary of Australian miner Strategic Minerals, has been chosen for the Deep Digital Cornwall (DDC) project funded by the European Regional Development Fund. The […]
Cornish Lithium starts Trelavour second drill campaign
Cornish Lithium Ltd said it had started the second drill campaign at its Trelavour hard rock lithium project near St Austell, Cornwall. MINERAL RESOURCE ESTIMATE The eight to 10-week drill campaign will use two drill rigs and comprise 1,500m diamond drilling and 2,500m reverse circulation drilling, with results contributing to the inaugural mineral resource estimate. […]
United nears completion of initial testing of ASH-3
United Oil & Gas plc expects initial testing to be completed at the ASH-3 well ahead of being brought onstream at the joint venture Abu Sennan concession, onshore Egypt. PRODUCTION The company added that the well encountered 27.5m of net pay interpreted over a 59m gross section in the targeted Alem El Buieb (AEB) reservoir. […]
Cadence marks start of site works at Sonora lithium
Cadence Minerals plc, with joint venture interests in lithium exploration and development in northwest Mexico, announced that initial site activities have started at the project in Sonora. Canadian miner Bacanora Lithium is building Sonora with the world’s largest lithium metals producer, Ganfeng Lithium Co. Ltd. Cadence has interests in concessions of the project through its […]