Orcadian Energy plc faces no action until the end of August for missing the deadline to pay $1.43 million debt to Shell International Trading and Shipping Company Ltd (Stasco). OBLIGATIONS The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s southern North Sea Earlham discovery. The company […]
Author: editorial
Block extends $2m loan
Block Energy plc has agreed an 18-month extension to its US$2 million loan for its Georgia assets. WARRANTS The extension to February 2026 will provide additional headroom for reinvesting cashflows into the company’s portfolio. The loan figure combines the original $1.06m loan from February 2023 and a $940,000 increase in May 2023. The terms remain […]
Block production ‘above forecast’ in Georgia
Block Energy plc posted “above forecast” production as work continues at its four onshore projects in Georgia. FARM-OUTS Project I targets the West Rustavi/Krtsanisi field for which the company’s internal contingent resources estimate for the entire field is 19.5 MMbbl 2C. Production “remained robust” with a July average of 534 boepd, while “select operational investments” […]
CMR starts exploration at Igli
Critical Mineral Resources plc has begun exploration at the copper-silver Igli option in the Anti-Atlas, Morocco. PRODUCTION Phase I includes detailed geological rock and structural mapping to 50m spacing, locating silver, copper and other “economic mineral” showings across the property, rock chip, channel and stream sediment sampling, and high resolution satellite imagery, CMR, which is […]
Altona significant shareholders’ dealings
Altona Rare Earths plc significant investors have bought and sold shares over the past six days. As at 31 July Tracarta Ltd remains the largest shareholder with 30 million shares, equal to 18.4%. John Story, who previously held 15m shares, now holds none. Richard Jennings who also held 15m shares now has 18.05m, equal to […]
Ormonde welcomes Golden Rose earn-in
Ormonde Mining plc investee has signed a definitive agreement with a third company to join the Golden Rose copper-gold project in Newfoundland, Canada. ACCELERATE TRU Precious Metals Corp. granted Eldorado Gold Corp an exclusive option to earn an 80% ownership interest in the joint venture. Under the terms Eldorado’s expenditure will total $7 million with […]