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Resources round-up: Quadrise Intl, Angel Mining, Solo Oil

Tue, 28th Aug 2012 15:10

Quadrise International, a manufacturer and supplier of emulsion fuels, has successfully developed an enhanced version of its MSAR fuel and has formed an agreement with Orlen Lietuva to proceed with the fuel manufacturing and assessment programme with the Mærsk test vessel. The results of the evaluation programme are expected before the end of 2012 and will complete the research and development phase of the programme before it enters the commercial phase in mid-2013. Angel Mining has received a permit from the Bureau of Minerals & Petroleum enabling it to mine the high grade pillars at the Nalunaq gold mine in Southern Greenland. The pillars are estimated to contain 30,000 tonnes of recoverable ore at an expected average grade of 18 grams per tonne and is expected to underpin the level of gold production for the next year or more. Production is expected to begin around mid-September, with production levels expected to reach around 1,500 oz per month from a single gold pour. Solo Oil has begun full-scale oil production at the Ausable Field in South Western Ontario, Canada, where two of the four well have now been put on line. The field has total liquids potential of 275 barrels of oil per day (boepd) which has been calculated based on the current gas cycling rate of 236 thousand cubic feet per day. Solo has maintained its expectation of reaching a rate of 500 boepd by the end of the current year. NR
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9 Sep 2019 11:30

Quadrise Fuels Raises GBP2.5 Million Via Open Offer Ad Subscription

(Alliance News) - Quadrise Fuels International PLC on Monday said it has raised GBP1.8 million from an open offer of shares, slightly higher than previously announced.The company, which oil

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23 Aug 2019 16:55

LONDON MARKET CLOSE: Choppy End On US-China Tariff Fear, Powell Speech

(Alliance News) - Stock prices in London closed mixed on Friday amid choppy trading ahead of the long Bank Holiday weekend as China responded in kind to fresh US tariffs announced earlier in the a

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23 Aug 2019 09:17

Quadrise Fuels Gets GBP2 Million Of Funding And Plans Open Offer

(Alliance News) - Quadrise Fuels International PLC on Friday said its financial position is secured until June 2020 after it obtained GBP2 million of funding and is planning an open in Quadrise, a

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19 Aug 2019 09:55

Quadrise Fuels in 'advanced discussions' with possible funding provider

(Sharecast News) - Quadrise Fuels International updated the market in its progress in seeking equity or equity-linked funding on Monday, reporting that it had continued to make "good progress" and confirmed that, following receipt of several proposals, it was currently in advanced discussions with a provider of funding.

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19 Aug 2019 09:20

Quadrise Fuels Confirms Financing Talks; Considers Open Offer

(Alliance News) - Quadrise Fuels International PLC on Monday said it continues to make "good" progress in seeking equity or equity-linked funding and confirmed that, following receipt of

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14 Aug 2019 14:46

Quadrise signs cooperation agreement with Merlin Energy Resources

(Sharecast News) - Quadrise Fuels has signed a memorandum of understanding with Merlin Energy Resources, an upstream oil and gas consultancy specialising in geological and geophysical exploration and production-related services, it announced on Wednesday.

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14 Aug 2019 14:30

Quadrise Fuels Signs Memorandum With Merlin Energy On Oil Projects

(Alliance News) - Quadrise Fuels International PLC said Wednesday it has signed a memorandum of understanding with upstream oil & gas consultancy Merlin Energy Resources Ltd.Under the a

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23 Jul 2019 14:23

Quadrise Fuels Shares Slide As It Confirms Funding Need

(Alliance News) - Shares in Quadrise Fuels International PLC fell on Tuesday as it confirmed it is considering equity funding to keep going past early October.The stock was down 25% on at a

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13 Jun 2019 11:08

Quadrise Fuels Expands Aleph Commodities Partnership Into Saudi Arabia

(Alliance News) - Shares in Quadrise Fuels International PLC rose Thursday as it unveiled a new partnership with Aleph Commodities Ltd, which it already works with in Kuwait.Quadrise was on

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30 May 2019 18:03

CORRECT: Quadrise Fuels Signs Saudi Arabia Deal With Al Khafrah

(Correcting Saudi Arabia from South Africa in later paragraph)LONDON (Alliance News) - Quadrise Fuels International PLC said Thursday it had signed an agreement with Al Khafrah Holding to a

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30 May 2019 14:53

Quadrise Fuels International Signs Saudi Arabia Deal With Al Khafrah

LONDON (Alliance News) - Quadrise Fuels International PLC said Thursday it had signed an agreement with Al Khafrah Holding Group to exclusively supply its emulsion technology in Saudi the of and a

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20 May 2019 15:39

Quadrise Progresses MSAR Pilot Test Programme With European Oil Major

LONDON (Alliance News) - Quadrise Fuels International PLC said Monday it has continued its work with an unnamed European oil & gas major over an MSAR Pilot Test Programme.In November a

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13 May 2019 13:05

Quadrise Fuels gushes higher after signing Chinese agreement

(Sharecast News) - Quadrise Fuels (QFI) shot up on Monday after entering into a memorandum of understanding with API POLY-GCL Alliance Limited work together on an exclusive basis to pursue commercial opportunities involving the production and supply of MSAR fuel in China.

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13 May 2019 09:11

Quadrise Fuels International Enters Deal With API POLY-GCL Alliance

LONDON (Alliance News) - Quadrise Fuels International PLC on Monday said it entered a memorandum of understanding with API POLY-GCL Alliance Ltd.Quadrise shares were trading 10% higher at a

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8 May 2019 13:38

Quadrise Fuels International Signs MSAR Technology Agreement In Kuwait

LONDON (Alliance News) - Quadrise Fuels International PLC on Wednesday said it has entered an agency agreement with Hawazin Regional Trading Co and memorandum of understanding with both Hawazain a

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