Europa Oil & Gas (Holdings) plc has been refused permission for a gas appraisal well at Cloughton in Burniston, North Yorkshire. DISAGREE Last month, the company said it would lodge an appeal after North Yorkshire Council said it was “minded to” reject the application. Europa today said: “This refusal is despite the recommendation made by […]
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Star issues 60.5m new shares
Star Energy Group plc has issued 60,531,015 new shares in relation to the placing, subscription and retail offer held earlier this month, which raised an aggregate £9.1 million. TVRs The shares issue follows shareholders’ approval at the company’s general meeting today. Following admission, Star’s total issued share capital will comprise 191,865,143 ordinary shares, with voting […]
Sunda issues 15.4m new shares
Sunda Energy plc will issue 15,426,039 new ordinary shares following notice from Alumni Capital Ltd to convert £250,000 of the balance of its convertible loan note, plus a £25,000 finance charge. TVRs The conversion into ordinary shares of 0.1 pence each is at a price of 1.7827 pence, which is a 15% discount to the […]
Union Jack-Reach find potential in Crossroads
Union Jack Oil plc joint venture has identified “several zones of interest” within the Crossroads well, located in Garvin County, Oklahoma, USA. TESTING Partner and operator Reach Oil and Gas Company Inc. completed drilling the well to the target depth of 4,600 ft, and took electric logs ahead of running and cementing production casing. Union […]
Cornish Metals agrees up to £52m credit
Cornish Metals plc has agreed up to a combined £52 million through secured credit facilities with its major shareholders, the publicly-funded National Wealth Fund Ltd and private investor Vision Blue Resources Ltd. DE-RISK The NWF holds 28.45% of the company will provide £35m, while Vision Blue, which owns 29.08%, will give US$22.75m (£17m) to progress […]
Strategic expands infill drilling at Redmoor
Strategic Minerals plc has expanded its current infill drilling programme, from 16,000 metres to 22,500m, following strong results at its Redmoor tungsten-tin-copper project in southeast Cornwall. RIGS The company’s subsidiary Cornwall Resources Ltd has to date completed the first of seven holes and started the second on 7 May. Strategic said that initial hole CRD042 […]