Corcel plc received notice to convert its outstanding £750,000 convertible loan notes plus interest into 98,917,808 new ordinary shares of the company at a price of £0.008. DIRECTORS The company said that the notice from Extraction Premium and Mining Ltd (EXT) retired the current balance of the facility in full. EXT, incorporated in the UK, is […]
Author: editorial
Power Metal enters ‘secondary source’ extraction
Power Metal Resources plc has added secondary source extraction to its portfolio with a conditional £1 million acquisition of 75% of GSA (Environmental) Ltd (GSAe). AMBITIOUS Based in the North Lincolnshire town of Brigg, GSAe is an engineering technology provider and process licensor. The company specialises in extraction of “strategic metals” from sources such as power station […]
Scirocco looks to higher return from Ruvuma potential
Scirocco Energy plc said it could receive higher contingent payments although possibly delayed from its Ruvuma interest, based on “enormous wider potential” from new data. SEISMIC DATA The increase is based on geomodelling of 338km2 3D seismic data of the Ntorya gas field, which had “significantly” increased gas initially in place (GIIP) to 3.45 trillion […]
United appoints Herona Thompson as Jamaica manager
United Oil & Gas plc has appointed Herona Thompson as country manager in Jamaica. Ms Thompson is a geologist experienced in the petroleum industry, having worked for the Government of Jamaica as well as the private sector on national and international projects. She will play a key role in overseeing and implementing United’s work programme […]
Beacon raises €3m via placing-primary bid offer
Beacon Energy plc raised in total €3 million (£2.6m) via an oversubscribed placing with new and existing institutional investors and a primary bid offer. The company issued 5,137,000,000 shares at 0.05 pence per new ordinary share, representing an approximate 28% discount to the closing middle market price of 0.07 pence per existing ordinary share on 27 February 2024. On admission, Beacon will have […]
Colle Santo could qualify for Italian funding
The Colle Santo gas project could be in line for Italian government financial assistance after it was seen to meet the country’s energy and economic needs. INCENTIVES Project partner Reabold Resources plc holds 26.1% of LNEnergy Ltd which has an option to acquire 90% of the field. Reabold said that the Ministry of Environment and Energy […]