Jersey Oil & Gas plc (JOG) and NEO Energy have acquired the ‘Western Isles’ floating production, storage and offloading vessel to redevelop the Buchan field. PREPARATIONS In operation since early 2017, the processing facility is owned by operator Dana Petroleum (E&P) Ltd (76.9188%) and NEO (23.0812%). The vessel is scheduled to come off station from […]
Author: editorial
Reabold increases interest in Colle Santo
Reabold Resources plc has increased is shareholding to 18.4% in majority option holder, LNEnergy Ltd, of the Colle Santo gas field in Abruzzo, Italy. FINANCING The company partially exercised its second option by subscribing for a further 11 new ordinary shares in LNEnergy, equivalent to 0.8%, for £150,000 cash. Reabold retains the right to invest a […]
Arkle raises £215,000 via placing
Arkle Resources plc has raised £215,000 before expenses through a placing of 61,428,571 new ordinary shares each at a price of 0.35p. DIRECTORS’ DEALINGS Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.35p for a period of two years. Chairman John Teeling subscribed for 28,571,429 […]
Cadence asks to meet Mexico Government over Sonora
Cadence Minerals plc has asked to meet the Mexican Government over the as yet unverified revocation of its Sonora lithium mining concessions and “related acts and omissions by Mexico”. TREATY The concessions include those granted to Mexilit S.A. de CV and Minera Megalit S.A. de CV, in which Cadence holds a 30% stake through its […]
Kavango completes acquisition of new Botswana licences
Kavango Resources plc has completed its transaction for a 90% interest in six additional prospecting licences in Botswana’s Kalahari copper belt (KCB). TARGETS Signed in September, the deal results in the company holding an extensive single contiguous project area in the KCB covering 7,629km2. The new acquisitions lie adjacent to Kavango’s South Ghanzi licence block […]
FCM extends Sunbeam gold property
First Class Metals plc has expanded its Sunbeam gold property in northwest Ontario after “encouraging” initial results from channel sampling. DRILLING The property, one of 10 held by the company, comprises the Sunbeam, Pettigrew and Roy mines. FCM is advancing towards drill ready status and retains an option to buy the historic Sunbeam mine. Results […]