Corcel plc’s second well in Angola has penetrated the entire Binga reservoir section, of an approximately 80-metre column, with potential pay zones in multiple intervals. MOVEABLE FLUIDS Operator Sonangol drilled Tobias-14 to a total depth of 781m and close to TO-4, as an offset well from the “best historic producer” in the original Tobias field. […]
Author: editorial
Reabold warns of shares suspension under new directors
Reabold Resources plc warned it could be suspended from trading if shareholders approved proposed board directors without completion of due diligence. NOMAD Pershing Nominees Ltd requisitioned a general meeting, set for 10 January, on behalf of several beneficial shareholders for resolutions to remove and replace Reabold directors. Reabold added that its nominated advisor Strand Hanson […]
Sunrise grants Tolsa more time for Pioche option
Sunrise Resources plc has granted its potential purchaser a 12-month extension to exercise its option over the Pioche sepiolite project in Nevada. MAXIMISE Tolsa USA Inc will pay an extension fee of US$100,000 before 15 January 2024, and the option exercise price increases from $1.25m to $1.4m. The Spanish company’s previous deadline to buy Pioche […]
Tullow Oil NED buys 150,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 150,000 ordinary shares of 10 pence each in the company. The purchase in three groups totalling 150,000 shares, at an average price of 37p per share for a total £55,940 was on 22 December.
Golden Metal grants 3.9m share options
Golden Metal Resources plc has granted options over 3.9 million new ordinary shares of 1 pence each in the company to certain directors, employees and advisors. The options, representing 4.6% of the existing issued share capital of the company, allow subscription for new ordinary shares at an exercise price of 14p, with an immediate vesting period. The expiry […]
Capricorn notes FPSO sets out for Sangomar
Capricorn Energy plc said that first oil was still possible during H1 2024 from the Sangomar field after the FPSO today began its way to the offshore Senegal development. PRODUCTION Operator Woodside Petroleum previously deferred first oil from late 2023 but today announced the FPSO’s departure from Singapore for the field. Capricorn may be entitled […]