Independent news on Irish and UK junior to mid-tier exploration, development and production
UK Oil & Gas plc has agreed a £1 million sale of its 85.635% interest in the Horse Hill field and its PEDL137 licence, located near Gatwick Airport in Surrey, to London-based energy B plc. The Aquis-listed company raised £1.2m for the acquisition, through a placing of 9,479,200 ordinary shares at £0.12 per ordinary share, […]
Serica Energy plc has completed its purchase of a 10% interest in the Catcher field and 5.21% in the Golden Eagle Area Development in the UK central North Sea. RESOURCE The acquisition from ONE-Dyas adds combined net 2P reserves of three million barrels of oil equivalent and 2C resources of 0.5 Mmboe, as at 31 […]
Anglesey Mining plc has granted options, over a total of 3.7 million ordinary shares of £0.01 each, to directors and employees of the company under its existing share option arrangements. DIRECTORS Each option has an exercise price of £0.06 per share, and will vest in three stages from the date of grant, being 5 June […]
Strategic Minerals plc intends to appoint Luke Rogers as independent non-executive director, subject to completion of due diligence. Mr Rogers has more than 15 years’ experience as a mining executive and engineer, with a focus on “critical and strategic minerals”. He has worked in mine development and operations, as well as project evaluation and investment […]
Cora Gold Ltd chief executive officer Bert Munro has subscribed for 242,105 ordinary shares of no par value in the company, at seven pence per ordinary share, for £16,947.35. TVRs Mr Munro now holds 3,047,642 ordinary shares, representing 0.4% of Cora’s enlarged share capital. Following admission, the company’s total issued share capital will comprise 765,296,805 […]
Oriole Resources plc has returned 23 mineralised intersections from step-out drilling at the MB01-S deposit, at its 50%-owned Mbe orogenic gold project in Cameroon. OWNERSHIP Partner and operator BCM International Ltd drilled 10 holes for 2,476.8 metres, and plans to complete the remaining five holes later this month. Results for drill hole MBDD044 included 27.20 metres […]