The farm-out deal that will see Statoil to take 70% of Jersey Oil & Gas PLC’s (LON:JOG) UK Seaward Licence P.2170, Blocks 20/5b and 21/1d has been completed.
The news put Jersey’s shares among the best performers today.
In the mining sector, Tethyan Resources PLC (LON:TETH) has pulled out of its joint venture with Balkan Minerals at the Cadinje polymetallic project located in Serbia.
Recent drilling results did not improve on historical assays from the area and gold assays were low.
Galantas Gold Corp (CVE:GAL, LON:GAL) is looking to process ore earlier than previously indicated at its Omagh gold property in Northern Ireland.
It announced on Thursday it intends to bulk sample the Kearney stringer vein at Omagh to determine the commerciality of underground mining of the vein, after grab samples ranged from 52.9 grams per tonne (g/t) to 6.2 g/t gold.
Lithium project developer Bacanora Minerals Limited (LON:BCN, CVE:BCN) has completed its 4,000 metre infill drilling programme at its Sonora project in Mexico.
The programme is designed to enable a portion of the current resource to be upgraded from the indicated category to the higher confidence measured category.
Away from the resources sector, AIM-listed recruitment group Empresaria (LON:EMR) has beefed up its IT staffing capability with the acquisition of a majority stake in ConSol Partners.
Biomass specialist Aggregated Micro Power Holdings plc (LON:AMPH) has appointed Robert Bland as a non-executive director.
Bland was a director of Midlands Wood Fuel Limited, a wood chip supplier acquired by Aggregated Micro in August, and also helped set up the Wood Heat Association, a UK trade association for the wood chip supply sector.
Lastly, Stride Gaming PLC (LON:STR), the online bingo sites operator, said the performance of its wholly-owned subsidiary Daub Alderney has resulted in it hitting agreed targets set out in the share transfer agreement dated 18 May 2015.
It’s the final earn-out milestone relating to Daub Alderney.