Power Metal Resources received £41,283 following notices to exercise warrants over 5,404,663 new ordinary shares of 0.1 pence each in the company. The notices were for 799,400 warrants at an exercise price of 1 pence per ordinary share; 2,105,263 warrants at 0.75 pence per ordinary share; and 2.5 million warrants at 0.7 pence per ordinary […]
Tag: extractive industries
Neptune awarded six new Norwegian Sea licences
Neptune Energy has been awarded six new licences in the Awards in Predefined Areas (APA) 2020, announced by the Norwegian Ministry of Petroleum and Energy. Neptune Energy won four licences in the Norwegian North Sea and two in the Norwegian Sea. All the licences are located close to existing infrastructure in areas where the company […]
Power Metal targets second Australia acquisition
Power Metal Resources plc said it had secured an exclusive 60-day option in a potential new acquisition of copper-gold interests in the Paterson Province in the eastern Pilbara Region of Western Australia. MAJOR CENTRES Chief executive Paul Johnson added that the company was keen to build its Australian base and precious metals exploration with the […]
IOG expects first gas-revenues in ‘breakthrough’ 2021
Independent Oil and Gas plc (IOG) said it expected 2021 to be another breakthrough year with first production and revenue in the UK Southern North Sea. The company, which operates an infrastructure-led hub strategy, added that Phase 1 remained on schedule for first gas during the third quarter of 2021. The Blythe and Elgood offshore […]
Union Jack increases stake in Biscathorpe for £1m
Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]
Oriole expects gold drill results at Senala
Oriole Resources plc announced that a 10,000 metre air core (AC) drilling programme has been completed on schedule at the Senala gold project in Senegal. The AC drilling, conducted by joint venture partner IAMGOLD, aims to define better the geochemical footprint of gold mineralisation at the Faré prospect. Results are due during the first quarter […]