Ortac Resources, an exploration and development company focused on natural resource projects in Europe, has said it will soon be ready to classify its maiden JORC (Joint Ore Reserves Committee - an industry body) compliant ore reserves at the Sturec project in the Slovak Republic, where the pre-feasibility study is on track to be completed by the end of the first quarter of 2013. The latest estimate demonstrates that more than 1m ounces of gold equivalent has already been classified in the measured and indicated categories.
Caza Oil & Gas has said the Caza Ridge 3H horizontal well has begun drilling on the Copperline Bone Spring Prospect in Lea County, New Mexico. The well will be drilled to a vertical depth of 11,500 feet. Caza has a 57.5% working interest, equal to around 45% net revenue interest, and a 68.125% working interest after pay-out (approximate 53.3% net revenue interest) in the well.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
