IOG plc encountered “abnormally pressured gas and oil influx” while drilling the Blythe H2 development well at the Saturn Banks project in the southern North Sea. H2 WELL The H2 well is being drilled by the Shelf Perseverance jack-up drilling rig under IOG’s contract with Shelf Drilling (UK) Ltd. Petrofac is the well operator. IDENTIFIED […]
Author: editorial
FCM notes West Pickle Lake mineralised zones
First Class Metals plc continues to report positive results from exploration with wide zones of nickel-copper mineralisation intersected at West Pickle Lake in Ontario, Canada. POTENTIAL The company’s joint venture partner and operator Palladium One Inc, which has the option to earn in up to 80% of the project, has to date drilled 32 holes […]
i3 Energy issues 3m incentive share options to CFO
i3 Energy plc has issued options over 3 million ordinary shares in the company at an exercise price of 20 pence to its chief financial officer. Jason Dranchuk received the options as part of i3’s management incentive and are in accordance with existing share schemes. Vesting will be in thirds and subject to the achievement […]
Corcel receives first tranche of £300,000 from placing
Corcel plc has received the initial £300,000 subscription of the total £1 million placing held at the end of March 2023. The company said it had used £100,000 of the amount received from its cornerstone investor to reduce its outstanding debt balance.
Kistos turns from ‘difficult’ UK to Norway
Kistos Holdings plc plans to expand into the Norwegian Continental Shelf with a conditional agreement to acquire Mime Petroleum A.S. BALDER – RINGHORNE Executive chairman Andrew Austin said that commodity price volatility and fiscal uncertainty had made it difficult to agree deals in the UK and the Netherlands. “I expect Mime to be a platform […]
GreenRoc Mining directors buy total 435,100 shares
GreenRoc Mining plc said that two of its directors had purchased a total of 435,100 shares in the company. DIRECTORS Chief executive officer Stefan Bernstein purchased 290,000 shares each of 0.001 pence for 3.48 pence, taking his total shareholding to 1,090,000, representing 0.81% of the issued share capital. Finance director Jim Wynn purchased 145,100 shares […]