Tlou Energy Limited (LON:TLOU) has seen a huge increase in reserves at the Lesedi and Mamba coal bed methane projects in Botswana. Proved and probable reserves (2P) jumped 944% to 40.8 billion cubic feet (BCF) 3.9 from BCF, while the less certain 3P category rose by 63% to 426.6BCF from 261.1BCF.
Orosur Mining Inc (LON:OMI) has intercepted good gold grades in recent drilling on its Anza project in Colombia, which have helped validate its geological model. The company also said it is currently mining through a higher cost area at its San Gregorio mine in Uruguay.
Futura Medical PLC (LON:FUM) has a new finance director, with Angela Hildrith joining the company to replace Derek Martin, who has left the company. Hildrith will join the board as a director and will also be chief operating officer.
Waste-to-Energy specialist PowerHouse Energy Group Plc (LON:PHE) has inked a new deal with Wrightbus Ltd, a company that build innovative hydrogen powered buses. The memorandum of understanding is expected to lead to a definitive deal for a venture with Powerhouse supplying its Distributed Modular Gasification (DMG) system and Wrightbus supplying hydrogen fuel powered buses.
Concepta PLC (LON:CPT) has agreed a deal in China for distribution of the app that accompanies its myLotus fertility aid. Beijing Jiayou (AppInChina) will manage the app on Android systems throughout the country.
Thor Mining PLC (LON:THR) (ASX:THR) plans to accelerate development at its Nevada-based Pilot Mountain tungsten resource against a positive backdrop for the metal, and would consider any suitable proposals that could advance projects.
Macarthur Minerals Limited (TSE:MMS), in which Cadence Minerals PLC (LON:KDNC) has a 15.2% equity interest, has increased its iron ore assets in Western Australia.Through its wholly-owned subsidiary, Esperance Iron Ore Export Company, Macarthur has added the potential high-grade haematite Mt Manning iron ore project to its portfolio.
Lionsgold Ltd (LON:LION) has completed its due diligence and will proceed with its planned investment into global banking and compliance platform provider, Railsbank Technology Limited. The Aim-listed company, which is not only focused on the exploration, production and retail application of physical gold, but also the development of the Goldbloc digital currency, will invest £1.27mln from existing funds to acquire a 12.5% stake in Railsbank.
All programme of work applications for drilling at the Ernest Giles project have been approved by the authorities, Greatland Gold plc (LON:GGP) revealed. The exploration programme at Ernest Giles will focus on three high priority targets at the Meadows, Wishbone and Empress areas.Greatland Gold expects mobile metal ion surveys and drill site preparation to commence mid-March and drilling to commence at Ernest Giles in the second quarter of this year.
African Battery Metals PLC (LON:ABM) has started its first exploration work at the Kisinka cobalt project in the Democratic Republic of the Congo (DRC). Sampling, mapping and augur drilling are underway following satellite targeting. African Battery was formally known as Sula but changed its emphasis to cobalt from gold in January, with the target the emerging electric vehicle market.
ECR Minerals PLC (LON:ECR) has commenced geochemical sampling on its gold exploration licenses in Victoria, in preparation for a drilling campaign that will get underway during the first half of this year. Required consents have already been obtained for drilling on two prospects, Black Cat and the HR3 area.
Mosman Oil And Gas Ltd (LON:MSMN) told investors that a completed prefeasibility study assessing a possible horizontal well project, at the Welch Permian Basin property in Texas, would have “attractive economics” at the current oil price. The company said the wells would have anticipated oil flow rates of 60 to 120 barrels per day, based on data from nearby wells, and a new reserves study is now underway, due in April. Big Pic in February.
Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) has acquired minority interests in its Guyana subsidiary so that it is now wholly owned. It cleans up the group’s ownership structure, in relation to the potentially high impact exploration venture in which it is partnered with Tullow Oil. Big Pic in June.
Appalachian Basin-focused gas producer Diversified Gas & Oil plc (LON:DGOC) has negotiated a new US$500mln debt facility at less than half the cost of its previous arrangement. The five-year senior secured revolving credit facility has been led by Key Bank and will carry an interest rate of Libor + 2.5%-3.25% compared to Libor + 8.5% currently.
Cabot Energy (LON:CAB), the AIM quoted oil and gas company focused on production led growth balanced with high impact exploration and appraisal opportunities, announced that its latest corporate presentation is now available on the company's website.