Helium One Global has raised £6 million to fund infill seismic acquisition and to drill three wells during the first half of 2021 at its Rukwa project in southwest Tanzania. AMALGAMATION The £6 million was raised by the conditional placing of 211,267,597 ordinary shares at 2.84 pence per share and was “significantly oversubscribed”. The company also announced […]
Tag: extractive industries
Block able to receive gas at West Rustavi EPF
Block Energy plc said its wells could now receive gas in readiness for the installation of the sales pipeline in West Rustavi, Georgia. TESTS The company has on time and budget completed construction of the gathering line between the early production facility (EPF) on the West Rustavi oil and gas field and WR-38Z. “The pipeline […]
IOG COO Mark Hughes to retire
Independent Oil and Gas plc has announced that its chief operating officer, Mark Hughes, is retiring for health reasons after a career spanning more than 40 years with Shell, Lasmo, Gaz de France, RWE Dea UK, INEOS Breagh and latterly IOG. Chief executive Andrew Hockey said: “Since he joined IOG in April 2018, Mark has […]
CSM leads pioneering tech-metals circular economy centre
A pioneering new research centre, led by the Camborne School of Mines, aims to revolutionise the extraction, use and reuse of critical metals for clean and digital technologies in the UK. The research will begin with a case study of industries in Cornwall where exploration projects for lithium, tin and tungsten offer the opportunity for […]
Hummingbird extends Dugbe gold licence
Hummingbird Resources plc’s acquisition of the Central licence has increased its Dugbe gold project in southern Liberia to 2,565km2. BUKON JEDEH The new 210km2 area forms the core to the southern part of the project and includes Bukon Jedeh located 8km southeast of Dugbe’s large Tuzon deposit. Pasofino Gold Ltd has an earn in option […]
Power Metal drills at Silver Peak despite winter weather
Power Metal Resources plc said it had overcome bad weather by using smaller equipment to start diamond drilling at its Silver Peak project in British Columbia, Canada. CONDITIONS The company had expected to start a 500-metre confirmatory diamond core drill programme to test the Victoria vein. However, poor weather has prevented the drilling rig and […]