Serica Energy plc has agreed a $25.6 million purchase of Prax Upstream Ltd and Prax Exploration & Production plc, owner of the Lancaster field, west of Shetland in the North Sea. BOOST The acquisition also includes Prax Upstream’s sale and purchase agreements with TotalEnergies and ONE-Dyas. On completion, Serica will own a 40% operated interest […]
Month: November 2025
Conroy increases fundraise to £1.7m
Conroy Gold and Natural Resources plc has increased its recent fundraise to a total of £1,728,700, following further commitments from investors. ADMISSION The non-brokered private placement, at 10 pence per share, was oversubscribed when compared with the company’s initial intention on 12 September to raise £1.5 million. The fundraise attracted interest from current investors and […]
Anglesey agrees conditional £2m
Anglesey Mining plc has agreed equity financing for up to £2 million with Miami-based investment fund Alumni Capital Ltd, conditional on a twenty-into-one share consolidation. UNCERTAINTY The £2m would support negotiations with third-party funders for a pumped hydro energy storage scheme at the company’s Parys Mountain polymetal project, and generating cash flow. As at 31 […]
Tullow completes sale of Kenya assets
Tullow Oil plc has completed the sale of its entire working interest in the South Lokichar Basin in Kenya to Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd. PRIORITIES The company has received the full tranche A proceeds of US$40 million (£30m) of the total minimum $120m. “The successful completion of this transaction marks a […]
Corcel issues 50m new shares
Corcel plc has issued 50 million new ordinary shares following the exercise of 50m warrants at £0.005 per share for £250,000, at a premium to the prevailing share price. TVRs Charlestown Energy Partners, certain Corcel directors and other private investors gave notice of the warrants exercise. The 50m warrants exercised, originally issued on 17 October […]
Oriole extends gold mineralisation at Mbe
Oriole Resources plc reported “wide gold intersections” outside exploration target MB01-S at its 90% owned orogenic gold Mbe project in the Adamawa Region of central Cameroon. MRE The findings come from the final results of the now completed ten-month diamond drilling programme of 24 holes for 6,828.40 metres. Chief executive officer Martin Rosser said that […]