Angus Energy plc will refinance its existing debt and further onshore oil and gas operations after signing a £20 million loan with a subsidiary of Trafigura Group PTE Ltd. COMPRESSOR The definitive documentation to draw down in full on the facility is based on terms agreed at the end of 2023. These include transfer of […]
Author: editorial
Angus signs MoU with Trafigura for gas storage
Angus Energy plc has signed a memorandum of understanding with a subsidiary of Trafigura Group Pte Ltd for gas storage at its Saltfleetby gas field in Lincolnshire. OFF-TAKE Angus believes the site to be “volumetrically the UK’s largest onshore gas field and its largest potential subsurface porous rock storage reservoir”. Both parties will also collaborate […]
Alba finds gold grains-sulphides in Llechfraith
Alba Mineral Resources plc reported “discrete grains of gold” and a “significant” proportion of sulphides at level 4 of lower Llechfraith in Clogau-St David’s gold mine, North Wales. BULK SAMPLING Of 40 samples collected, the company fed 25 into its processing plant to produce so far heavy mineral concentrates. A majority of the concentrates, containing the […]
Power Metal losses widen and cash held decreases
Power Metal Resources plc has widened its losses by more than £1 million while it continues to identify new opportunities in the natural resources sector. VALUE The company’s various polymetallic assets, interests and joint ventures are located in Africa, Australia, Canada and the United States. Full year results to 30 September 2023 show total comprehensive […]
Predator rigless testing shows damaged formation
Predator Oil & Gas Holdings plc reported damaged formation from phase I rigless testing on the Guercif licence, onshore Morocco. DRILLING MUDS Beginning on 10 February, the company perforated all four zones in wells MOU-1 and MOU-3 to complete on 19 February, with the crews and equipment now demobilised. Predator used conventional 111/16″ perforating guns, […]
Anglesey returns further strong Parys drill results
Anglesey Mining plc reported high grade widths of mineralisation from exploration drilling at the Northern Copper zone at its 100% owned Parys Mountain on the Isle of Anglesey. CONTINUITY The company’s 2023-2024 programme is delineating mineral resource at the copper-zinc-lead-silver-gold volcanogenic massive sulfide project. Drilling is designed to verify the reliability of historical drill holes and […]