Central Asia Metals plc plans to acquire the high grade Antler copper project in Arizona through an all-share A$185 million (£82.7m) purchase of Australian-listed New World Resources Ltd. GROWTH The volcanogenic massive sulphide copper project, located 200 kilometres southeast of Las Vegas, contains a mineral resource estimate of 14.2 million tonnes at a copper equivalent […]
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Helium One JV spuds State-9 at Galactica
Helium One Global Ltd’s joint venture has spudded the State-9 SWSE 3054 development well at the Galactica helium project in Las Animas County, Colorado, USA. LYONS SANDSTONE Operator Blue Star Helium is currently preparing to drill the intermediate hole section in what will be the sixth well of the 2025 campaign. As with previous wells […]
Europa swaps Wressle revenue for $500,000
Europa Oil & Gas (Holdings) plc has agreed to swap revenue from its share of the Wressle onshore oil joint venture for US$500,000, paid upfront. RESOURCES The payment to an unnamed Canadian investment company will equal 4.5% of the gross revenues from the Wressle 1 well in North Lincolnshire. Europa said that the agreement is […]
Corcel directors buy 45m shares
Corcel plc directors have bought a total of 45 million ordinary shares each of £0.0001, at a price of £0.003 each in the company. HOLDINGS Chief executive officer Scott Gilbert purchased 25m ordinary shares for £75,000, which takes his total shareholding to 75.5m equal to 1.35% of the issued share capital, along with 31,490,580 options. […]
Serica sells 46.25% stake in Cygnus to Ithaca
Spirit Energy Ltd has agreed a £215 million sale of a 46.25% interest in the Cygnus gas field, 150km east of the Lincolnshire coast in the Southern North Sea. VALUE The company will retain a 15% stake while Israeli purchaser and operator Ithaca Energy plc will hold 85%. Spirit’s 2P reserves will reduce by 19.4 million […]
Sunda completes $1.5m drawdown for Chuditch
Sunda Energy plc has completed the conversion of the first tranche loan notes and issued warrants for a US$1.5 million drawdown. TVRs The three investors initially subscribed on 13 May and on 16 May converted all of the outstanding balance of their loan notes into ordinary shares of 0.025 pence each, at a 15% discounted […]