Star Energy Group plc has completed the £6.3 million sale of its non-core asset of the decommissioned oil terminal site at Holybourne in Alton, Hampshire. STRATEGY Proceeds will be used for the group’s general purposes including “deleveraging the business” and ongoing projects. The sale is part of Star’s strategy to streamline its operations and focus […]
Day: 12 May 2025
Kavango secures $5m CLN
Kavango Resources plc has secured a US$5 million convertible loan note for mine development, equipment and construction of a gold processing plant at Hillside in Matabeleland, Zimbabwe. MINING The interest-free CLN is with a consortium of Zimbabwe-registered pension funds, whose agent and administrator is Comarton Consultants (Private) Ltd. The funds can be drawn in three […]
Helium One confirms free gas in Jackson-27
Helium One Global Ltd has confirmed free gas from wireline logs in the Jackson-27 well at the Galactica project in Las Animas County, Colorado, USA. QUALITY Joint venture partner Blue Star Helium drilled to a total depth of 1,183ft (360m), with the well following naturally during drilling, showing good reservoir communication at total depth and […]
Focus appoints James Tosh as NED
Focus Xplore plc has appointed James Tosh as non-executive director, as previously expected. Mr Tosh is a programme manager, senior project manager and operations executive with 20 years’ experience in senior leadership roles. He is currently chief operating officer of Power Metal Resources plc. Mr Tosh has held senior management positions across the UK, Australia, Africa, and Canada, developing global junior […]