Star Energy Group plc has awarded in aggregate 1,999,000 nil cost options over shares in the company to its directors. PLANS Chief executive officer Ross Glover received 300,000 awards and chief financial officer Frances Ward received 225,000 under Star’s 2015 management retention plan. Under its 2016 executive incentive plan, Mr Glover received a further 525,000 […]
Author: editorial
Orcadian completes 50% sale of HALO
Orcadian Energy plc has completed the sale of 50% of the ordinary shares of HALO Offshore UK Ltd to power plant developer and operator Independent Power Corporation plc. FUNDING IPC founder-chief executive officer Peter Earl and Mark Preece have joined Orcadian’s CEO Steve Brown and chief financial officer Alan Hume on HALO’s board. Mr Preece […]
Helium One spuds Jackson-4 at Galactica
Helium One Global Ltd’s joint venture has spudded the Jackson-4 well at the Galactica project in Las Animas County, Colorado, USA. PRODUCTION Partner and operator Blue Star Helium is preparing to drill the intermediate hole section targeting the Lyons Sandstone formation, with the target depth planned within the Upper Lyons formation gas reservoir. Helium One […]
Metals agrees to buy $9.7m plant for La India
Metals Exploration plc has entered into an agreement to buy a US$9.7 million gold ore processing and concentration plant for its La India gold project in Nicaragua. PRODUCTION The purchase from Almaden Minerals Ltd includes crushers, conveyors, grinding ball mill, Sepro Falcon gravity circuit, carbon in leach (CIL) circuit, elution and smelting equipment and laboratory, […]
Kavango completes Prospect 3 drilling at Hillside
Kavango Resources plc has completed initial resource diamond drilling at Prospect 3 within the Hillside gold project in Matabeleland, southern Zimbabwe. MINING The company said that the programme of 34 holes for 2,109.16 metres had provided sufficient geological information and sample material for assay, metallurgical and geotechnical test work for an initial mining plan. Prospect […]
JOG extends Buchan licence to 2027
Jersey Oil & Gas plc’s joint venture has secured a further 24 months to the second term of its North Sea licence P2498 to complete the field development plan for the Buchan field. CASH The company estimates the Buchan field contains gross discovered oil and gas resources of approximately 70 MMboe (95% oil). Project partners, […]