Beacon Energy plc chief executive officer Stewart MacDonald is to join the board of LNEnergy, which is advancing the Colle Santo gas field in the Abruzzo region of Italy. WELL TESTS Beacon also announced that LNE IOM Ltd, of which it owns 49%, had acquired additional shares in LNEnergy through the latter’s rights offering to […]
Day: 16 September 2026
Sunda pays initial $1.5m for NZ permits
Sunda Energy plc said it had paid the initial deposit to acquire oil and gas production and exploration permits onshore Taranaki Basin on the west coast of North Island, New Zealand. CONTROL The company paid US$1.5 million to seller Matahio Ventures Pte. Ltd for its subsidiary Matahio Energy NZ Ltd Matahio Energy NZ Ltd, which […]
Altona issues 1m new shares
Altona Rare Earths plc has issued one million new ordinary shares of £0.01 each following an exercise of warrants, at a price of two pence per ordinary share, for £20,000. TVRs Following admission, Altona’s enlarged issued share capital will comprise 430,066,112 ordinary shares, each with voting rights The company has no shares held in treasury. […]
Oriole increases inferred MRE at Mbe
Oriole Resources plc reported an increased inaugural JORC inferred mineral resource estimate to 1.23 million oz contained gold for the Mbe orogenic gold project in Cameroon. STATUS The figure, from independent consultants Forge International Ltd, is for the MB01-N and MB01-S deposits combined. The pit constrained inferred MRE for MB01-N is of 10.5 million tonnes […]