Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]
Tag: Red Rock Resources plc
Red Rock prepares Bilbale for trial processing
Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]
Red Rock CFO Scott Kaintz retires as a director
Red Rock Resources plc’s chief financial officer Scott Kaintz has retired as a director. Mr Kaintz, expected to retire by rotation, was due offer himself for re-election at the company’s general meeting on 16 February. The resolution was withdrawn and Mr Kaintz remains the CFO. All other resolutions were passed on a show of hands.
Red Rock offered Central America oil and gas assets
Red Rock Resources plc said it had been conducting due diligence on a private offer of “some promising hydrocarbon assets” in Central America. PROGRESS Chairman Andrew Bell added that the assets had the potential to restore the company’s “nine-year-old oil and gas function”. “We are always ready to look at highly prospective projects, especially ones […]
Red Rock issues 211m shares for £135,000 CLNs
Red Rock Resources plc issued 211,482,353 ordinary shares following notice to convert £134,820 of loan notes, including interest, from October 2023. In accordance with the terms of the notes, the ordinary shares are of £0.0006375 per share. Following admission, the company’s issued ordinary share capital will comprise 3,548,246,811 ordinary shares each with equal voting rights. […]
Red Rock appoints David Lenigas as consultant
Red Rock Resources plc has appointed David Lenigas as a strategic consultant. Chairman Andrew Bell said the company had known Mr Lenigas for some years and worked with him on onshore oil projects in southern England. “His drive, his ability to think outside the box, his instinctive grasp of the big picture, allied with his […]