Arkle Resources plc joint venture has discovered a “new and robust zone of zinc-lead mineralisation” in previously untested ground at Stonepark in County Limerick, Ireland. SULPHIDES Partner and operator Group Eleven Resources Corp revealed the zone in a step-out drill hole 550 metres from the closest edge of the Stonepark mineral resource estimate. Arkle, which […]
Month: September 2026
Capricorn sets deadline for rival offers
Capricorn Energy plc has clarified the deadline for two of its potential purchasers to make an offer for the company. INTENTIONS The Scottish company reached an agreement on 2 July 2026 on an all cash $360 million offer from Genel Energy Ltd. Prior to Genel’s offer, the first interested party Alamadiyaf al-Masiyyah had had extended […]
Orcadian issues 273,749 shares
Orcadian Energy plc has issued 273,749 ordinary shares to settle £35,000 of the face value of the December 2025 loan amount. TVRs Following the conversion, a total of £317,500 in aggregate face value of CLNs remains outstanding. On admission, the company’s total voting rights will be 80,260,726 ordinary shares. Orcadian holds oil and gas licence interests in the […]
Oriole increases Mbe inferred MRE
Oriole Resources plc has published a JORC inferred mineral reserves estimate of 1.66 million oz contained gold, with a mean grade of 1.02g/t, for the combined MB01-S and MB01-N deposits at Mbe in Cameroon. EXTENSIONS The figures follow completion during June of “a relatively modest amount of drilling” of 10 step-out holes for 2,476.80m. Consultant […]
Serica secures new $750m RBL
Serica Energy plc has signed a new six-year, senior secured reserves based lending facilities for an aggregate $750 million (£562m). FLEXIBILITY The total sum comprises $500m (£375m) secured revolving loan facility and a $250m (£187m) secured revolving letter of credit facility. The company said that the new facilities were oversubscribed and replace its current $525m […]
Capricorn under second possible offer
Capricorn Energy plc has confirmed it has received a proposal on a possible offer, of 381 pence per share, from private investor Samos Energy Ltd. UNDERTAKINGS The offer price, published on 22 July, is similar to the 2 July agreement between Capricorn and Genel Energy plc of US$4.74 (£3.57) for each share, comprising US$3.75 cash […]