Altona Energy plc today announced it had raised £138,459.12 before expenses for its exploration projects for rare earth minerals in East Africa. The funds were raised through the placing of 2,130,140 new ordinary shares at an issue price of 6.5 pence per share. Altona expects to be readmitted to trading on the Aquis Stock Exchange […]
Tag: extractive industries
Galantas Gold narrows losses as revenue falls
Galantas Gold Corporation narrowed its losses by the end of September 2020 compared with the same period in 2019 for its Cavanacaw gold mine in Omagh, County Tyrone. The company also said it was still “actively engaged” in seeking strategic alternatives including reviewing its licences and operations, considering a sale, joint venture, partnership or other […]
JOG conditionally acquires Verbier oil discovery
Jersey Oil & Gas (JOG) plans to add a further 12% to its central North Sea interests with the acquisition of licence P2170 blocks 20/5b & 21/1d containing the Verbier oil discovery. ACREAGE The agreement sees the company acquire the entire issued share capital of CIECO V&C (UK) Ltd, owned by ITOCHU Corporation and Japan […]
Deltic identifies three gas targets in Cupertino
Deltic Energy plc has identified around 904 bcf in the P50 estimate of potential gas over three targets in its southern North Sea licence P2428, containing the Cupertino prospect. PARTNER The company, which is seeking suitable partners to develop the prospects, said that the prospective resources range from 205bcf in the P90 estimate to 2.97 […]
Power Metal identifies ‘significant’ target at Kisinka
Power Metal Resources plc said it had identified a significant cobalt target at its 70% owned Kisinka copper-cobalt project in the Democratic Republic of Congo (DRC). SURVEYS Kisinka is located some 30km east of the regional capital of Lubumbashi in the southern part of the Katangan copper belt. Assay results from pitting and mapping exploration […]
Block nears Schlumberger Rustaveli acquisition
Block Energy plc said it had made some amendments to the sale and purchase agreement of Schlumberger Rustaveli Company Ltd (SRCL) in Georgia. TERMS The company’s agreement with Schlumberger to acquire its subsidiary SRCL, covering Blocks XIB and IX, had been delayed due to Covid-19. Completion will be next Monday (23 November) and subject to Block […]