Union Jack Oil plc today confirmed two commercial successes and expansion of its onshore portfolio in Oklahoma, USA. ANDREWS Spud in March and targeting the Hunton Limestone, Andrews 1-17 in Seminole County underwent restricted and periodic test production during late May 2024. The company said that the well had since produced 6,460 barrels of high-quality, […]
Author: editorial
Red Rock issues 44.4m shares for £20,000
Red Rock Resources plc issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share to convert an advance of £20,000 by an existing shareholder. Following the shares issue the company’s issued ordinary share capital will comprise 4,830,265,010 ordinary shares, each with voting rights. None of the shares is held in treasury.
Tullow NED buys 300,000 shares
Tullow Oil plc non-executive director Roald Goethe bought 300,000 ordinary shares of 10 pence each, at a price of £0.2746 per ordinary share. The £82,380.00 purchase took place on 15 August on the London Stock Exchange.
Red Rock defers payment for Australia assets
Red Rock Resources plc has secured more time to pay £250,000 to take control of all its Australia gold assets. EXPLORATION The parties agreed a new date of 13 September following delays to the company’s Congolese arbitration award and employee sickness in Burkina Faso. Red Rock said it had been in Kinshasa over recent weeks […]
Anglesey to submit new plans for Parys
Anglesey Mining plc will submit a fresh plans including new surface infrastructure, a tailings management facility, a decline portal and some small ventilation shaft collars for Parys Mountain. MINING The decision follows completion and submission on 31 July of its environmental impact assessment (EIA) scoping report which raised reasons for a new application. Anglesey ruled […]
Orcadian signs binding deals for three licences
Orcadian Energy plc said it was no longer a “one-trick pony” after entering into binding agreements for all three licences awarded in the 33rd licensing round. TECHNOLOGY The company is administrator and 100% holder of the southern North Sea Earlham licence P2680 containing an existing discovery, an undrilled prospect and a redevelopment opportunity Mid North Sea […]