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5 Top Weekly TSXV Stocks: Doubleview Rises on Test Results

Filo Mining (TSXV:FIL) Pacific Ridge Exploration (TSXV:PEX) Outcrop Gold (TSXV:OCG) Chibougamau Independent Mines (TSXV:CBG) Here’s a look at what may have moved their share prices over the last five days. 1. Doubleview Gold Exploration and development company Doubleview Gold has centered its efforts primarily on precious and base metals projects in British Columbia, Canada. Last week, the company announced results from initial metallurgical testing on material from its Hat copper-gold-cobalt deposit, located in the Golden Triangle area of British Columbia. According to Doubleview, flotation tests show it is possible to produce a concentrate that is high in gold and low in cobalt-copper, as well as a concentrate that is high in cobalt and low in gold pyrite.

ShaMaran Reports KRG Proposed Amendments to Payment Terms

Share: VANCOUVER, BC, May 13, 2021 /CNW/ -  ShaMaran Petroleum Corp. ( ShaMaran or the Company ) (TSXV:SNM) (Nasdaq First North Growth Market (Sweden): SNM), in line with other producing IOCs in Kurdistan, has received a letter from the Kurdistan Regional Government ( KRG ) proposing an amendment, starting with the March 2021 oil sales and entitlement invoice, to payment terms due to the ongoing challenges in Iraq with the COVID-19 pandemic. View PDF version The KRG has noted that since the dated Brent price has remained consistently well above $50 per barrel, the monthly repayment of outstanding arrears will now be calculated as 20% (compared to 50% previously) of the difference between the average monthly dated Brent price and $50 per barrel multiplied by the gross Atrush crude oil volumes sold in a month.  The balance to ShaMaran for the November 2019 to February 2020 outstanding invoices currently stands at $38 million.

Africa Energy Closes Farmouts on Block 2B Offshore South Africa

Africa Energy Closes Farmouts on Block 2B Offshore South Africa News provided by Share this article VANCOUVER, BC, April 20, 2021 /CNW/ -  Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) ( Africa Energy or the Company ), an oil and gas company with exploration assets offshore South Africa and Namibia, has received governmental approval and closed the previously announced farmout transactions on Block 2B offshore South Africa. The Company has transferred operatorship and an aggregate 62.5% participating interest in the Exploration Right for Block 2B in consideration for a carry through the next exploration well, Gazania-1, which is expected to spud by the end of 2021. Africa Energy retains a 27.5% participating interest in Block 2B. View PDF version.

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