Cornish Metals Inc has started the second phase of refurbishing the New Cook’s Kitchen shaft at South Crofty tin mine in Cornwall. DEWATERING Operations will include installation of the phase II work platform to enable faster replacement of old shaft timbers with new steel guides. In parallel, the Canadian company is maintaining the water level […]
Author: editorial
Galantas looks to solar power for Cavanacaw
Galantas Gold Corporation has agreed in principle with its former chief executive’s plans for solar power at the Cavanacaw gold mine in Omagh, County Tyrone. WIN-WIN Shareholder G&F Phelps Ltd, controlled by Roland Phelps, proposes to develop a two-megawatt facility with battery storage. Galantas expects the project to boost significantly power generation on site and […]
NAE sells Lochinvar coal licences
New Age Exploration Ltd has sold its Lochinvar coking coal project on the England-Scotland border to Paladar Trading Ltd. STRATEGIC NAE, which last year announced it was in talks for a deal, signed a binding share sale agreement for 100% of the issued capital of its wholly owned subsidiary Lochinvar Coal Ltd. Lochinvar holds contiguous […]
UKOG raises £500,000 via discounted placing
UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]
Corcel targets ‘pipeline’ of Brazil assets
Corcel plc has agreed a collaboration to identify, evaluate and acquire “a pipeline” of producing onshore oil and gas fields in Brazil. ADVANTAGE New partner Conterp Serviços Técnicos Ltda will contribute its local market knowledge and relationships, access to technology, services, equipment and expertise of asset management of onshore Brazil oil and gas fields. Corcel will […]
Union Jack spuds second Oklahoma well
Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]