Metals & Minerals News

Conroy begins deep drilling at Clontibret

Conroy Gold and Natural Resources plc has started a 2,000-metre drilling campaign to test the deeper potential and higher gold grade, as well as the presence of antimony, at Clontibret in Co. Monaghan, Ireland. ANTIMONY The drill holes will follow up on the “gold and antimony plunge trends” which were identified during detailed relogging. Drilling […]

News Oil & Gas

Union Jack JV exits Biscathorpe

Union Jack Oil plc and its partners have withdrawn their appeal against refusal of planning permission to drill a side-track and develop the Biscathorpe oil field in the Lincolnshire Wolds. INQUIRY The JV is expected to relinquish PEDL253 “in due course”, some ten years after operator Egdon Resources UK Ltd acquired the licence. Union Jack […]

Finance News Oil & Gas

Block advances talks for potential farm-in

Block Energy plc is progressing “extensive” talks for a potential farm-in, with an estimated US$25 to 30 million carry, over the undeveloped gas-bearing natural fracture system in the Patardzueli-Samgori field, Georgia. APPRAISAL The company’s blocks, XIB and XIF, lie within the Lower Eocene and Upper Cretaceous reservoirs, which are more than a kilometre thick. A […]

Company Moves Finance Metals & Minerals News

Anglesey issues 46m warrants

Anglesey Mining plc has issued a total of 46,070,817 warrants to its majority shareholder Energold Minerals Inc, in return for a £350,000 investment, as agreed at the start of the month. APPOINTMENTS Drilling contractor Energold, owned by former Anglesey chairman John Kearney, holds 22.5% of voting rights in Anglesey. The warrants are exchangeable for new […]