KEFI Minerals confident government support will continue in Ethiopia under new PM #KEFI

KEFI Minerals (LSE:KEFI) has told investors it is confident it can continue to collaborate with Ethiopia’s government following the appointment of a new prime minister earlier this week. Under new leader Dr. Abiy Ahmed, KEFI expects the government to continue to provide strong support for the firm’s wholly-owned Tulu Kapi advanced gold development project, which…

United Oil & Gas and Tullow Oil kick off seismic programme at joint Jamaican licence #UOG #TLW

United Oil & Gas (LSE:UOG) told investors a seismic programme has begun at the Walton-Morant licence it co-owns with Tullow Oil (LSE:TLW) in Jamaica. A boat contracted to acquire 2,250km2 of 3D-seismic departed for deployment at the licence late last month and began acquiring data earlier this week. The programme, which involves generating and recording…

Infrastrata raises £925k to progress massive Northern Irish gas storage project #INFA

Infrastrata (LSE:INFA) has raised more than £900,000 to help fund the construction of its Islandmagee gas storage project in Northern Ireland. The company has conditionally raised £925,000 by placing shares at 0.24p each with high net worth investors through new broker SI Capital. The majority of the money raised will be put towards commencing and…

Metal Tiger joint venture gets drilling green light from authorities in Botswana #MTR

Resources firm Metal Tiger (LSE:MTR) has announced that its joint copper venture in Botswana has received drilling approval from the country’s authorities. The Botswana Department of Environmental Affairs has approved the environmental management plan (EMP) for a drilling campaign at the 50km long T3 Dome in the country’s Kalahari Copper Belt. The T3 Dome is…