Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]
Author: editorial
Helium One JV nears target in Jackson-4
Helium One Global Ltd’s joint venture has drilled the intermediate hole section in the Jackson-4 well to 1,123ft (342m) measured depth at the Galactica project in Las Animas County, Colorado, USA. READINGS After cementing the casing, operator Blue Star Helium will undertake a cement bond log to confirm good bonding. The operator will drill further […]
Katoro exits Haneti to focus on Ontario
Katoro Gold plc and Power Metal Resources plc have exited the Haneti nickel-lithium joint venture in central Tanzania due to the high levels of expenditure required. ONTARIO Katoro holds 65% of Haneti and Power Metal owns 35%. The early-stage project last underwent diamond drilling in 2022, with results failing to show economically significant nickel but […]
Block acquires Samgori South Dome
Block Energy plc has acquired a further 574 billion cubic feet unrisked prospective resources by securing the operational rights in the Samgori South Dome field in southeast Georgia. STRENGTHEN The company’s rights cover the Upper Eocene, Lower Eocene and Upper Cretaceous, following confirmation from the State Agency of Oil and Gas of Georgia. National […]
Kavango finds potential gold upgrade at Hillside
Kavango Resources plc reported a “significant upgrade” of potential underground resources following shaft restoration of Prospect 1 at the Hillside gold project in Matabeleland, Zimbabwe. ‘REEFS’ The company completed work on the historic main shaft and west shaft, with the removal of historic waste material from the main shaft’s first two levels revealing a deeper, […]
Rathlin appoints Paul Harris as independent NED
Rathlin Energy (UK) Ltd has appointed Paul Harris as an independent non-executive director of the board, with immediate effect. Mr Harris is a chartered engineer with 35 years’ experience within the energy sector. He has a technical, regulatory and commercial background and a track record of delivering UK oil and gas projects. Mr Harris’ previous […]