Predator Oil & Gas Holdings plc said it had raised £1.035 million after conditionally placing 11,500,000 new ordinary shares of no par value at nine pence each. USES An executive director of the company Lonny Baumgardner participated for ordinary shares for £50,000, which is the equivalent to 4.83% of the placing. The company added that the placing […]
Author: editorial
Hurricane records 9,394 bopd during February
Hurricane Energy plc produced 9,394 barrels of oil a day in February but lifted no cargo at its Lancaster field, West of Shetland. OPERATIONS As of 15 March 2022, Lancaster was producing circa 9,250 bopd from the P6 well alone with an associated water cut of c.42%. The next cargo is anticipated to be lifted in late March 2022. […]
West Newton JV granted more time to drill
Rathlin Energy (UK) Ltd has been granted permission for drilling and production as well as more time for further exploratory drilling at the West Newton joint venture in East Yorkshire. DEVELOPMENT The operator can undertake drilling and production at the West Newton A site and exploratory drilling at the West Newton B. Partner Reabold […]
Caerus ends phase II drilling with MRE due for Troulli
Caerus Mineral Resources plc announced it had completed Phase II drilling at its joint venture copper-gold mine development project in Troulli in Cyprus. PHASE II Phase II drilling focused on the epithermal gold target and potential extension to the former Troulli volcanogenic massive sulphide (VMS) deposit. Borehole No. From (m) To (m) Mineralised Interval(m) End of […]
Altona to start phase II drill at Monte Muambe
Altona Rare Earths plc said it would start Phase II drilling following positive exploration results at its Monte Muambe project in Tete Province, northwest Mozambique. PHASE I The company’s prospecting licence 7573L covers a 4km diameter circular carbonatite intrusion. Phase I cost £580,000 with results from three drill holes and samples from multiple drill sites […]
Power Metal identifies REE-uranium targets at Selta
Power Metal Resources plc said it had identified multiple rare earth element (REE)-uranium targets with additional tin and lithium prospectivity at its Selta project in the Northern Territory, Australia. DATA REVIEW The company’s 83.33%-owned subsidiary First Development Resources Ltd (FDR) holds the project. Consultants for FDR have now completed an in-depth review of all publicly available geological, geophysical […]