Oriole Resources plc confirmed “multiple” lithium-bearing pegmatites from early stage exploration at two licences on its 90%-owned Central Licence Package (CLP) in Cameroon. NDOM & GAMBOUKOU The CLP comprises nine contiguous licences over 4,091km2. Oriole said the previously unexplored Paleo-Proterozoic to Pan-African age rocks were “highly prospective” for a range of commodities, including orogenic-style gold mineralisation and […]
Author: editorial
UKOG to progress Loxley appraisal well
UK Oil & Gas plc (UKOG) has received regulatory consent for a modified retention area at PEDL234 Loxely gas field in Surrey. APPRAISAL WELL The company said yesterday that the North Sea Transition Authority (NSTA)’s approval will allow it to focus on accelerating its planned appraisal campaign of its 100%-owned gas discovery. UKOG has agreed […]
Orcadian raises £500,000 via discounted placing
Orcadian Energy plc raised £500,000 via a discounted placing of new ordinary shares tocertain institutional and other investors at 10 pence per share. DISCOUNT The placing on 1 February, conducted by way of an accelerated bookbuild process, was at a discount of approximately 33% to the closing price of 15 pence per ordinary share on […]
Neptune-Spirit start production from tenth Cygnus well
Joint venture partners Neptune Energy and Spirit Energy have started production from the tenth well at the Cygnus gas field in the UK Southern North Sea. EMISSIONS Operator Neptune (38.75%) said yesterday that drilling was carried out by Borr Drilling’s Prospector 1 jack-up rig. The rig is the first in Borr’s fleet to be equipped […]
Corcel chairman swaps four months’ salary for shares
Corcel plc’s chairman will for four months receive shares in lieu of a monthly salary to reduce the company’s cash burn and ensure alignment with its shareholders. The company agreed to James Parsons’ proposal that beginning in February he will receive his monthly salaries and certain obligations from 2021 in the form of 16,910,618 new […]
Cadence notes possible £43m for Cinovec lithium
Cadence Minerals plc noted that its investee company’s joint venture (JV) Cinovec lithium project could receive up to £43 million funding after being classified as a strategic project for the Usti region of the Czech Republic. PRIORITY The JV is between CEZ a.s. and Australian company European Metals Holdings in which Cadence owns approximately 7.2%. […]