Nativo Resources plc has issued 22,831,050 new shares to convert loan notes, at a price of £0.00438, held by investor Spartan Fund Ltd. TVRs The principal amount of the remaining CLN now stands at £405,250. Following admission, Nativo’s issued ordinary share capital will comprise 565,077,381 ordinary shares, with equal voting rights. None of the shares […]
Day: 12 January 2026
Orcadian given three more years for Pilot field
Orcadian Energy plc has been granted a three-year extension until 1 December 2028 to the second term of licence P2244, containing the Pilot field, in the UK central North Sea. POTENTIAL The company has an 18.75% carried interest in the licence, with Ping Petroleum UK plc holding 81.25% of the project. The Malyasian operator is […]
Europa granted five more years for West Firsby
Europa Oil & Gas (Holdings) plc said that onshore DL003 licence, containing the West Firsby field, has been granted a five-year extension until 31 December 2030. NSTA The site in the West Lindsey district of Lincolnshire, has two wells producing some 25 barrels of oil per day, as at 2021. Europa holds a 100% working […]
Strategic issues 20m new shares
Strategic Minerals plc, parent of Cornwall Resources Ltd, issued 20 million new ordinary shares of £0.001 each, following a warrants exercise at £0.005 per share, for a total £100,000. TVRs Following admission, the company will have 2,369,297,949 ordinary shares in issue, with a equal number of voting rights. Strategic’ assets include the Redmoor tungsten-tin-copper exploration […]
CMR’s new rig to drill first borehole in December
Critical Mineral Resources plc is due to begin drilling the first borehole with its new rig during the first half of December at Agadir Melloul, central Morocco. SAVINGS The fully refurbished Discovery HD track-mounted diamond core drilling rig arrived at the site on 20 November and is expected to double drilling capacity. The company said […]