Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEDL.L Regulatory News (EDL)

  • There is currently no data for EDL

Exploration Update

29 Nov 2010 11:30

RNS Number : 9575W
Edenville Energy PLC
29 November 2010
 

29 November 2010

EDENVILLE ENERGY PLC ("Edenville" or the "Company")

 

Exploration Update, Tanzania

 

Edenville Energy plc (AIM:EDL), the African coal exploration and development company, today announces that a Drilling Contract has been signed to undertake a scout drilling programme on the Namwele and Mkomolo Deposits within the Rukwa Coalfields project in Southern Tanzania.

 

A contract has been concluded with MARMOE E Granito Mines (Tanzania) Limited of Mbeya in southern Tanzania, who will undertake a 1,000m percussion drilling programme. A rig will be mobilised to site on the 1st December and drilling is expected to take approximately 3 weeks to complete. It is planned that most holes will be vertical and drilled to shallow depths of 50m on average.

 

The objective of this programme is to gain a greater understanding of the sub-surface geology as this step out drilling programme will confirm the grade, dip, width and strike extent of the coal within the immediate areas of outcropping seams. Two of the holes are planned to be drilled to greater depths (approx. 100m) as historic documentation from the Geological Survey suggests that further coal seams lie below the open pit zone..

 

Since the acquisition of these properties in August 2010 the company has established a field camp at Namwele and has been undertaking geological mapping and sampling over the Namwele and Mkomolo Coalfields. The findings from the mapping form the basis for the drill programme.

 

As far as the Company is aware this programme of works represents the first drilling to be undertaken on the deposits since the limited activities completed by the Tanganyika Geological Survey (TGS) in the 1940's.

 

Simon Rollason, Chairman of Edenville, commented "I am pleased to announce the imminent start of our first drill programme on the Rukwa Coalfield. We anticipate that the results from the drilling will allow us to plan a more detailed in-fill drill programme that can start next year with the objective of establishing a maiden resource estimate at Namwele for an open pit coal mine by the end of 2011. Edenville will look to rapidly add value for our shareholders through exploration and development of our portfolio of assets which we have acquired in Tanzania. I look forward to announcing further results, as work continues on the Edenville coal portfolio."

Contact:

Edenville Energy plc

Simon Rollason - ChairmanRakesh Patel - Finance Directorwww.edenville-energy.com

 +44 (0) 20 7099 1940 

ZAI Corporate Finance Ltd

Ray Zimmerman/ John Depasquae

+44 (0) 20 7060 2220

Threadneedle Communications

Laurence Read/Beth Harris

+44 (0) 20 7653 9855

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLPGGRPGUPUGGB
Date   Source Headline
5th Jun 20097:00 amRNSOption Agreement completion
1st Jun 20097:00 amRNSDirectorate Change
13th Mar 20097:00 amRNSOption Agreement and Issue of Equity
23rd Jan 20094:23 pmRNSResult of EGM/Change of Name
16th Jan 20092:14 pmRNSHolding(s) in Company
31st Dec 200812:34 pmRNSChange of Name
16th Dec 200810:07 amRNSHolding(s) in Company
11th Dec 200810:30 amRNSChange of Adviser
9th Dec 20087:30 amRNSIssue of Equity
3rd Nov 200810:02 amRNSTotal Voting Rights
3rd Nov 20089:57 amRNSChange of Registered Office
3rd Nov 20089:55 amRNSDirectorate Changes
3rd Nov 20089:49 amRNSDisposal and Related Party Transaction
15th Oct 20083:30 pmRNSHolding(s) in Company
7th Oct 20083:45 pmRNSIssue of Equity
30th Sep 20082:30 pmRNSResults of AGM and EGM and Financing Update
30th Sep 20082:30 pmRNSRestoration - TV Commerce Holdings plc
30th Sep 20087:00 amRNSHalf-yearly Report
11th Sep 20087:30 amRNSNotice of EGM
8th Sep 20081:45 pmRNSReport and Accounts 2007
8th Sep 20089:30 amRNSAIM Rule 26 Website
5th Sep 20083:50 pmRNSStatement re. Suspension and
5th Sep 20083:50 pmRNSFinal Results
26th Jun 20082:45 pmRNSStatement re. Suspension
26th Jun 20082:45 pmRNSSuspension - TV Commerce Hold
18th Apr 20087:00 amRNSRestoration- TV Commerce Hldg
18th Apr 20087:00 amRNSChange of Adviser
17th Mar 20087:00 amRNSSuspension - TV Commerce Hldg
12th Mar 20083:00 pmRNSCapital Reduction
29th Jan 20087:00 amRNSRestoration - TV Commerce
29th Jan 20087:00 amRNSInterim Results
24th Jan 20085:18 pmRNSCapital Reduction
1st Oct 20077:30 amRNSSuspension -TV Commerce Hldgs
20th Aug 20079:15 amRNSAIM Rule 26
29th Jun 200711:46 amRNSFinal Results
18th Apr 200710:55 amRNSDirector/PDMR Shareholding
5th Mar 20074:51 pmRNSChange of registered address
28th Feb 20076:16 pmRNSTrading Statement
22nd Dec 200610:16 amRNSTotal Voting Rights
24th Nov 20067:59 amRNSTrading Statement
21st Sep 20067:01 amRNSInterim Results
4th May 200610:25 amRNSDirector/PDMR Shareholding
13th Apr 20067:00 amRNSDirectorate Change
21st Mar 20067:01 amRNSFinal Results
10th Mar 200610:59 amRNSOfcom grants Play2Win licence
24th Feb 20067:00 amRNSNotice of Results
12th Jan 20062:29 pmRNSChange of Adviser
1st Dec 20057:01 amRNSTV adverts for Santa Calling
7th Nov 20057:01 amRNSPsychic TV expands to the US
11th Oct 20057:00 amRNSTrading Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.