UK Oil & Gas plc has been granted more time for the retention area work programme containing the Horse Hill oil field in Surrey. PRODUCTION WELL The North Sea Transition Authority consented to the extension within PEDL137, under which lies the Kimmeridge oil pool, to 30 September 2025. NSTA last granted UKOG an extension in May […]
Author: editorial
Red Rock receives £110,000 from high net worth investor
Red Rock Resources plc received £110,000 via a subscription of 100,000,000 ordinary shares at £0.0011 per share by a high net worth investor. COSTS The company said that the investor had provided personnel to help bring its lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establish an export pipeline for […]
Golden Metal CEO buys 80,000 shares
Golden Metal Resources plc chief executive officer Oliver Friesen bought 80,000 on-market shares in the company at a price per share of 9.35p. The £7,480 purchase, on 11 December 2023, takes Mr Friesen’s beneficial interest to 673,967 shares, representing 0.79% of the company’s issued shared capital.
Alba notes Horse Hill term sheet extension needs shareholders’ support
UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]
Block JV holds 300mmboe in Martkopi Terrace
Block Energy plc said it held 302.8million barrels of oil equivalent of mean unrisked prospective resources in the Martkopi Terrace prospect within its Georgia gas portfolio. FARM-OUT The figure from consultant DeGoyler MacNaughton’s report cover Block’s project IV, comprising Didi Lilo, licence XIF and exploration licence IX with private farm-out partner and operator Georgia Oil & Gas Ltd (GOGL). […]
Alba cancels 313m and reissues 360m share options
Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]