AIM-quoted firm Alba Mineral Resources provided investors with an update on its mining projects on Wednesday, unveiling results from both its Greenland and Wales-centred programmes.
Oil and gas explorer Alba Mineral Resources confirmed on Thursday that it has successfully raised £750,000 through the issue of 250m new shares at 0.3p each.
Horse Hill Developments, the operator of its PEDL137 and PEDL246 licences, has received final decision notices to allow test-drilling at the Surrey site to begin, boosting shares in UK Oil & Gas and other investors.
Alba Mineral Resources won a five-year extension to its Amitsoq graphite licence in Greenland, the company said on Thursday.
Alba Mineral Resources announced the appointment of Feroz Sultan as a special advisor on oil and gas on Monday, in a move that the company said "further strengthens" its team.
Diversified mineral exploration and development company Alba Mineral Resources announced the appointment of Sue Corrigan as its technical consultant for oil and gas on Wednesday, with immediate effect.
Mineral exploration and development company Alba Mineral Resources has completed a georeferenced orthophoto and digital elevation model across its Greenland project on Tuesday.
Alba Mineral Resources announced on Friday that it has been granted a mineral exploration licence in north-west Greenland, within the region known as Inglefield Land, close to its existing Inglefield mineral exploration licence.
Drilling at the Horse Hill development not far from Gatwick airport has been given the go-ahead by the Environment Agency but the six AIM companies backing the project still need long-awaited council planning approval, which could be decided next month.
Alba Mineral Resources said on Friday that it knows no reason for the recent jump in its share price.
Shares in Alba Mineral Resources gained more than 6% on news it is able to undertake detailed preparations for the field programme in Amitsoq in southern Greenland.
Angus Energy said Alba Mineral Resources has now completed the acquisition of 5% participating interest in Production Licence 235 comprising the Brockham Oil Field.
Alba Mineral Resources has widened its full-year pre-tax loss as it seeks to commercialise its UK oil and gas investments.
Shares in Alba Mineral Resources are down more than 7% in relation to claims of unauthorised drilling at the Brockham X4Z well, which operator Angus Energy has denied.
Alba Mineral Resources announced on Friday that it had been advised by the operator, Angus Energy, that following extensive analysis of the BR-X4Z sidetrack well, its intention was to bring the Kimmeridge into production at the existing Brockham production facility as soon as the necessary Oil and Gas Authority approval was in place.
Greenland's government has approved Alba Mineral Resources' acquisition of a further stake in a graphite project in the country as the miner moves for 100% ownership of the project.
Alba Mineral Resources confirmed on Monday that it has now completed the preliminary evaluation of the high resolution airborne electromagnetic-magnetic geophysical survey on the Amitsoq graphite project near Nanortalik in southern Greenland.
Alba Mineral Resources announced on Tuesday that it has completed a detailed gravity survey and soil sampling programme on its 100% owned prospecting licence PL3824 in County Limerick in the Republic of Ireland.
UK Oil & Gas and its partners in the Horse Hill Developments (HHDL) company drilling for oil close to Gatwick Airport, have applied for planning permission with Surrey County Council for a further round of drilling.
The Horse Hill project in Surrey looks like providing a bonanza for the range of AIM-listed companies involved after a near trebling of oil in place estimates to 22.9m barrels per square mile.