Deltic Energy plc has agreed to a £7.2 million cash sale of its assets, notably its 25% interest in the Selene prospect, to the UK North Sea’s largest oil and gas producer, Neo Next+. QUALITY Each Deltic share will be sold at 7.7 pence in cash, which represents a premium of 156.7 % to the […]
Month: September 2026
Altona fluorspar-gallium MREs ‘revalue’ Monte Muambe
Altona Rare Earths plc has published a “transformative” JORC-compliant mineral resource estimates for fluorspar and gallium at its Monte Muambe project in Tete Province, northwest Mozamabique. TONNAGE Results showed 3.48 million tons at 20.6% calcium fluoride (CaF2) for 716,000 tons of calcium fluoride contained. The initial base case life of mine is 9.5 years at […]
Ascent nears award against Slovenia
Ascent Resources plc could soon receive an arbitration award in relation to the Petišovci gas joint venture in Slovenia. ECT The company registered its claim with the International Centre for Settlement of Investment Disputes against the Slovenian Government. Ascent said in a statement: “The company has received an update from the International Centre for Settlement […]
Union Jack-Reach spud Crossroads well
Union Jack Oil plc’s joint venture partner has spud the Crossroads well, in southern Oklahoma, USA. PROGRAMME Operator Reach Oil and Gas Company Inc. began drilling on 5 May 2026 and expects operations to take some 10 days. The spud date was delayed during April for rig maintenance and repair. Crossroads is targeting a “large […]
Capricorn extends deadline for possible offer
Capricorn Energy plc has secured a second extension to the possible all cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC, which is a member of the Jeddah-based Cafani Group. FUNDING The potential purchaser now has until 5pm on 3 June 2026 to announce whether or not it has a firm intention to […]
Anglesey CEO resigns
Anglesey Mining plc chief executive officer Rob Marsden has resigned from the board of directors and will step down from his post on 31 May 2026. The move follows the recent transfer of the company’s debt to investor and major creditor Energold Minerals Inc. Anglesey said in a statement: “Following the significant strategic and financial […]