First Class Metals plc (FCM) said 16,373,674 shares issued since its 2022 July IPO were not admitted to trading because of “incorrect information from its former financial advisor”. TRANCHES The company will now start applications to admit the shares on the official list of the Financial Conduct Authority and to trading on the main market […]
Author: editorial
Neptune awarded four new licences in Gjøa area
Neptune Energy was today awarded four new licences, three as operator, located close to existing infrastructure in the Gjøa area of the Norwegian North Sea. SUSTAINABLE The award comprises PL1213 S (40% and operator), PL1211 and PL1219 (each 50% and operator) and PL1217 (20% and partner). Neptune is the operator of the Gjøa platform which serves […]
Power Metal NED Owain Morton leaves
Power Metal Resources plc non-executive director Owain Morton will leave the company with immediate effect due to other work obligations. In July 2023 and while a NED, Mr Morton became director – technology and innovation at Ma’aden in Saudi Arabia where Power Metal has its own interests. Chairman Scott Richardson-Brown said: “As a board, we are sad […]
Critical Mineral adds 26 permits to Morocco portfolio
Critical Mineral Resources plc has added 26 exploration permits, prospective for copper, antimony, tungsten, lead-zinc and gold, to its Morocco portfolio. INFRASTRUCTURE The new permits were secured through an all-share acquisition of Hesperis Resources SARL, of which the company’s new chief operating officer Noureddine Sabraoui is a 25% beneficial owner. Sixteen of the permits lie […]
Wressle-1 averages 665bopd with pump rates in review
Wressle-1 well production is currently averaging 665 barrels of oil per day at the onshore joint venture in North Lincolnshire. MAXIMISATION Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 . Union Jack Oil plc (40%), which today reported US$18 million […]
Oriole increases inferred MRE at Bakassi Zone 1
Oriole Resources plc estimates a 23% increase, with “significant potential” to expand, in a revised inferred mineral resource for Bakassi zone 1 within the Bibemi orogenic gold project, Cameroon. TARGETING JORC-compliant 5.1 million tonnes grading 2.30 g/t for approximately 375,000 oz gold is based on a higher gold price. The new MRE forms part of technical studies […]