energy B (LON: NRGB) is acquiring the 35% working interest in the Horse Hill oil field near Gatwick owned by UK Oil and Gas (LON: UKOG), as well as the 77.9% shareholding in Horse Hill Developments. The combined interest in the relevant licences is 85.6%. The cost is £1m with an initial deposit of £100,000. A placing will raise £1.2m at 12p/share. This deal is part of plans to build a portfolio of oil and gas projects, as well as continuing with the wind turbine business. The Bitcoin treasury strategy has been withdrawn. David Lenigas is joining the board as executive chairman and Neil Ritson becomes chief executive. The share price jumped 127% to 12.5p.
Sterling Digital (LON: ASIC) has entered a gas purchase agreement with a US supplier to power the Bitcoin mining operations in West Texas. The agreement lasts five years and includes the rights over 1.5 acres of land to establish the Bitcoin mining site. There is a minimum buying commitment of 96,360MMBtu of gas each year. Site installation works have commenced. The share price gained 17.6% to 5p.
Mark Barry has taken a 3.6% stake in Vault Ventures (LON: VULT). The share price rose 5.88% to 0.45p.
FALLERS
BWA Group (LON: BWAP) has released results from the Aracari gold project ground magnetic survey. Major regional thrust and strike-slip faults were highlighted. A soil sampling programme has been completed. The share price declined 18.2% to 0.45p.
Wishbone Gold (LON: WSBN) has completed 14 holes of the 25 hole drilling programme at the Red Setter project in Western Australia. Samples are being sent to Perth and results are expected at the end of July. The share price fell 7.84% to 12.5p.
Ormonde Mining (LON: ORM) investee company TRU Precious Metals has commenced a field works programme at the Golden Rose project in Newfoundland. The share price slipped 7.69% to 0.3p.
Sebastian Marr and family have taken a 16.1% stake in Vaultz Capital (LON: V3TC). Regent Resources Capital Corp owns 17.6%. Bryan Reid has sold his 7.28% shareholding. The share price dipped 1.92% to 2.55p.