Reabold Resources plc granted executive and senior management nil cost options over a total 390,000,000 ordinary shares of 0.1p each, in line with its new 2023 long term incentive plan. DIRECTORS The awards represent 4.25% of the company’s issued share capital. The company said that all previous share option plans had expired on 19 March […]
Author: editorial
Capricorn appoints Randy Neely as CEO
Capricorn Energy plc will appoint Randy Neely as its new chief executive officer from 1 June 2023. Mr Neely is the former president and CEO of Egypt-focused operator TransGlobe Energy Corporation with operations in the Eastern and Western Deserts. He has more than 25 years’ industry experience in executive and financial roles, including chief financial […]
Tertiary identifies copper mineralisation at Mushima North
Tertiary Minerals plc said analysis of historic drill core showed copper mineralisation on the edge of an untested gravity anomaly at the Mushima North project in Zambia. DRILL CORE ANALYSIS The licence is one of five owned by local partner Mwashia Resources Ltd, as well as Konkola West, Lubuila, Mukai and Jacks. Assay results from […]
Neptune starts production on Fenja
Neptune Energy has started production on the Fenja joint venture oil and gas field in the Norwegian Sea. FENJA Fenja is located 120km north of Kristiansund at a water depth of 325 metres. Neptune estimates total reserves of between 50 and 75 million boe, of which 75% is oil and 25% is gas. PRODUCTION Fenja […]
Reabold finds potentially “highly significant” Crawberry Hill
Reabold Resources plc said it had identified a significant potential discovery of Crawberry Hill in the Zechstein play region on PEDL183, in east Yorkshire. MATERIAL ADDITION The company added its priority was to develop plans to make the site, originally drilled by operator Rathlin Energy (UK) Ltd, a drill-ready appraisal opportunity. “This could add materially […]
West Newton JV commits to well path for WN B-2
Reabold Resources plc and its joint venture (JV) partners have committed to a well path for the West Newton B-2 (WN B-2) well in the East Riding of Yorkshire. JOINT VENTURE The company holds a 56% economic interest via its 59% share in operator Rathlin Energy (UK) Ltd, which has a 66.67% in PEDL183. In addition, […]