Resources round-up: Red Emperor, Wolf Minerals, Oilex...

Goldplat, Red Emperor, Wolf Minerals, Oilex, Chaarat Gold, Baobab Resources, Thor Mining, JKX Oil & Gas

Oilex surged on Monday after reporting that operations at the Cambay-76H horizontal well, onshore Gujarat, India, to retrieve the stuck milling assembly and coiled tubing have been successfully concluded with the entire assembly now having been recovered at surface. The well is currently being prepared for resumption of milling of the seven remaining fracture stimulation stages and when this operation is completed, production tubing will be run and the well will be flowed to surface for cleanup and production testing. Shares climbed 3.5p (20 percent) to 19.75p.

Wolf Minerals has received credit approval from UniCredit Bank, ING Bank and Caterpillar Finance for £55m in senior debt finance facilities to fund the commercial development of its Hemerdon Tungsten and Tin project in Devon. The funding will support the planned construction of the Hemerdon project, which currently has an estimated net present valuer of £74m. Shares rose 8.47% to 24.00p.

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