Predator Oil & Gas Holdings plc encountered multiple zones of interest after completing drilling and logging for the MOU-3 well at Guercif, onshore Morocco. JURASSIC Operations to appraise the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered five potential sands with gas shows within the interval from 815 to 895m TVD MD. […]
Author: editorial
Reabold to continue share buyback
Reabold Resources plc said it would continue its share buyback programme following shareholder approval at the company’s general meeting today. The aggregate value of Reabold’s ordinary shares each of 0.1 pence repurchased to date is £120,836 of the initial programme’s £750,000. The maximum amount of cash allocated to the programme from today’s date is £629,164. At today’s meeting, 22.09% […]
Sunrise samples show high grades at Reese Ridge
Sunrise Resources plc received high zinc, lead and silver grades from analysis of samples collected from its Reese Ridge project in central Nevada, USA. RESULTS The project lies on the south side of the prospective Humboldt structural zone, 52 miles south-southwest of Battle Mountain. A previous mapping sample yielded 15.9% zinc and the company has […]
British Lithium cleared for Imerys JV
British Lithium Ltd has received clearance for a 20-80% joint venture (JV) with French minerals miner Imerys. PRODUCTION The Australian company has been processing lithium carbonate from Cornish granite on Imerys’ land, estimated to have an inferred mineral resources of 161 million tonnes at a grade of 0.54 % lithium oxide. The target life of […]
Cora Gold appoints advisor for $70m loan
Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali. DEBT MANDATE Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group […]
Prospex clears delayed fire safety checks at Selva
Prospex Energy plc has cleared final safety checks to start gas production from Podere Maiar-1 at the Selva gas field in the Po Valley region, northern Italy. MOBILISATION The company had faced delays due to regional severe flooding but has now received formal documentation for operations to begin in eight days following completion of all […]