Predator Oil & Gas Holdings plc issued six million options over ordinary shares to two non-executive directors under the company’s existing option scheme. Alistair Jury and Carl Kindinger each received three million options exercisable at 12.5 pence per share. A total 50% of the options will vest upon a news release on rigless testing results […]
Author: editorial
Golden Metal begins trading on OTCQB
Golden Metal Resources plc was earlier today admitted to trading on the OTCQB venture market, targeting new investors in the United States. NEVADA The company, which continues to trade on AIM, said it had issued no new ordinary shares through the process. Golden Metal owns five projects in Nevada focused on base and precious metals, lithium […]
UKOG expects to resume testing Pinarova-1
Pinarova-1 exploration well is expected to resume tests in four weeks with 7-inch perforating guns at the site north of the Basur- oil discovery onshore Turkey. SECTION UK Oil & Gas plc (50%) said that the larger more powerful guns than previously used were capable of fully penetrating the well’s 9⅝-inch casing, focusing on the […]
Karelian confirms Irish licences’ prospectivity
Karelian Diamond Resources plc said indicator analyses of stream sampling confirmed nickel, copper and platinum group metals prospectivity at its three Northern Ireland licences. ANOMALOUS The stream sampling followed a 2021 programme which the Dublin-based company said had suggested the potential for the metals. A total 33 follow-up stream sediment samples, each weighing an average […]
Block starts production at WR-34Z
Production at 150 boepd began last quarter from Block Energy plc’s third well of project I in the West Rustavi-Krtsanisi field, onshore Georgia. OPPORTUNITIES The company’s quarterly report showed an average production during the third quarter dip to 630 boepd (Q2: 664 boepd). Gross production totalled 58 Mboe (Q2: 60.4 Mboe) comprising 44.3 Mbbls of oil and 13.6 Mboe […]
Angus technical director Andrew Hollis steps down
Angus Energy plc technical director Andrew Hollis has formally stepped down as part of a series of changes announced in March. He previously left the board as the company focuses on the aggregation, production and storage of gas.