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Pin to quick picksEuropa Oil & Gas Share News (EOG)

Share Price Information for Europa Oil & Gas (EOG)

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TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

Thu, 16th Mar 2023 20:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Completes initial geological block model and open pit optimisation study at Xarxar deposit. Expects mining and processing of 3 million tonnes of ore per year, with a production target of 10,000 tonnes of copper metal per year over 7 years. Anglo Asian Vice-President Stephen Westhead says: "These results represent an important step in our strategy of transitioning to a mid-tier miner, as Xarxar is expected to contribute a considerable amount of annual copper production to our portfolio. The initial study and exploration have delivered significant upside potential."

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Bradda Head Lithium Ltd - North America-focused lithium development company - Mobilises sonic drill rig to its basin project in Arizona to start the 2023 drilling programme. Aims to increase coverage over as much of the project's 17 square kilometres area as possible. Company anticipates a resource upgrade in the third quarter of 2023, Chief Executive Officer Charles FitzRoy says. He adds: "BHL is excellently placed to take full advantage of the near-term resource growth potential at our sedimentary lithium assets in Arizona. The area we are permitting at Basin West is over 11 square kilometres, which is considerably larger than Basin East, Basin East Extension, and Basin North combined, around 6 square kilometres."

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Egdon Resources PLC - UK-focused oil and gas exploration and production company -, Europa Oil & Gas Holdings PLC - UK and Ireland focused oil and gas exploration, development and production company -, Union Jack Oil PLC - Bath, England-based oil and gas company - Note update at Wressle oil field at the North Sea in the UK, with total production exceeding 390,000 barrels of oil. UK Environment Agency identifies no issues at site. "The Wressle-1 well has continued to flow oil and associated gas at production rates above forecast expectations made ahead of the successful Proppant Squeeze operation, conducted in August 2021," the companies say.

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Highbridge Tactical Credit Fund Ltd - credit investment fund - Announces it will delay its liquidation, and stay listed until October. Sets compulsory redemption of majority of shares, with redemption to be made at net asset value level of GBP2.6368. Notes that around 95% of each shareholders' shares will be redeemed. Further, will pay 2.24 pence per share with respect to 2019 Exit creditors, but no payment with respect to 2016 Exit creditors. It adds that the December 2022 NAV of GBP2.6368 will be last NAV from company. It says that any distributions from AllBlue will be passed to shareholders, while it is considering a new share class for new investment strategy. The new share class would be completely separate.

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Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Notes completion of GBP1.5 million investment by by CoTec Holdings Corp into its subsidiary, Maginito Ltd. CoTec is a busines focused on greening and improving the efficiency of the commodity extraction business. Further, Chief Operating Officer of Cotec, John Singleton, has been appointed to the board of Maginito. Further, "Mkango and CoTec will collaborate in the development of rare earth technology opportunities in the United States with ongoing scoping studies evaluating recycling, chemical processing, alloys and magnet manufacturing," Mkango says.

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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Finds 214.5 grammes of silver per tonne at Empire open pit copper project in Custer County, Idaho. Further, finds 505 parts per million of molybdenum and 421 ppm of tungsten. Chief Executive Officer Ryan McDermott says: "Most importantly, the intercepts in the drilling program thus far are consistent with the team's expectations and meet the material type-grade-interval length necessary for the metallurgical test work currently being undertaken. "We look forward to reporting the results of the metallurgical testing as they become available. We also look forward to reporting the assay results for the Redstar/North Pit reverse-circulation drilling completed in 2022. We expect those results to become available in the near future."

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Pineapple Power Corp - special purpose acquisition company - Secures GBP350,000 of new financing via placing 11.0 million shares at 3 pence each via director Claudio Morandi. The company is currently unable to issue and admit new shares without either the publication of an Financial Conduct Authority approved prospectus, or relying on an exemption to the requirement to issue a prospectus.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Dec 2019 08:51

Europa Oil Expects UK Production To Double After Wressle Approval

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11 Dec 2019 16:54

Europa Oil Expects UK Production To Double After Wressle Approval

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21 Nov 2019 11:49

Hugh Mackay vacates position as CEO of Europa Oil

(Sharecast News) - Europa Oil & Gas Holdings announced on Thursday that, by mutual agreement, chief executive officer and executive director Hugh Mackay was stepping down from the board with immediate effect, having served since 2011.

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21 Nov 2019 11:32

Europa Oil & Gas Chief Executive Hugh Mackay To Leave At End Of 2019

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19 Nov 2019 10:46

Egdon Resources Narrows Full-Year Loss As Awaits Wressle Verdict

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8 Nov 2019 11:38

Egdon, Europa And Union Jack Expect Wressle Verdict Before 2019 End

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4 Nov 2019 15:04

Europa says it has no exposure to new fracking moratorium

(Sharecast News) - Oil and gas exploration, development and production company Europa Oil & Gas Holdings issued an update to shareholders on Monday, emphasising that it had no involvement in hydraulic fracturing operations for shale gas in England.

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4 Nov 2019 11:13

IGas And Egdon Shares Down After UK Government Puts Brakes On Fracking

IGas And Egdon Shares Down After UK Government Puts Brakes On Fracking

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29 Oct 2019 10:20

Europa Oil & Gas Continues Talks For Irish Offshore Licences

Europa Oil & Gas Continues Talks For Irish Offshore Licences

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10 Oct 2019 10:44

Europa Annual Loss Narrows On Absence Of Exploration Charges

Europa Annual Loss Narrows On Absence Of Exploration Charges

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25 Sep 2019 13:12

Europa Oil Relieved As Existing Irish Oil Licences Remain Unaffected

Europa Oil Relieved As Existing Irish Oil Licences Remain Unaffected

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24 Sep 2019 11:39

Europa Oil & Gas, Lansdowne Oil & Gas Unconcerned By Irish Oil Pledge

Europa Oil & Gas, Lansdowne Oil & Gas Unconcerned By Irish Oil Pledge

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24 Sep 2019 11:14

Europa Oil & Gas working to clarify Taoiseach comments on exploration

(Sharecast News) - UK, Morocco and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings responded to an announcement at the UN Climate Action Summit by Ireland's Taoiseach Leo Varadkar, which stated his government's intention to phase out oil exploration licences in the future.

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18 Sep 2019 14:45

Europa Oil & Gas Granted Licence In "Under-Explored" Moroccan Waters

(Alliance News) - Europa Oil & Gas PLC has been awarded an exploration covering a "large, under-explored" area of the Agadir basin in Morocco, it said on Wednesday.The focus a

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18 Sep 2019 08:33

Europa Oil & Gas awarded new offshore Morocco exploration permit

(Sharecast News) - UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings has been awarded a new Exploration Permit - the Inezgane Offshore Permit - covering an area of 11,228 square kilometres in the Agadir Basin, offshore Morocco, it announced on Wednesday.

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