Richard Conroy, whose experience covered mining, entrepreneurship, politics and medicine, has died aged 91 following a brief illness. LEGACY In 1995 Professor Conroy founded Conroy Gold and Natural Resources plc, of which he was executive chairman, exploring for base and precious metals in Ireland. He also held the same positions at Karelian Diamond Resources plc […]
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Deltic CEO Graham Swindells steps down
Deltic Energy plc chief executive Graham Swindells has stepped down, effective immediately. His successor will be current chief operating officer Andrew Nunn. “Despite the recent challenges presented by the UK’s political and fiscal environment, I am proud of what we have achieved in establishing Deltic as one of the UK’s leading explorers,” said Mr Swindells. […]
Beacon losses increase at Erfelden
Beacon Energy plc resumed trading following publication today of its annual audited accounts for its operations in the Erfelden field in Hessen, onshore Germany. POTENTIAL Comprehensive loss for 2023 totalled $3.7 million (May – December 2022: $1m) while cash and equivalents increased to $4.8m by year end. Continued cost reductions, due to be fully implemented […]
Rockhopper agrees Italy insurance and exit
Rockhopper Exploration plc has secured an insurance policy in case the Italian government succeeds in annulling the company’s Ombrina Mare arbitration award. CLARITY The company has also signed a share purchase agreement with Zodiac Energy Ltd for its other Italian assets to focus on the South Falkland Basin. Rockhopper said that the insurance policy would […]
Panther sells Australia holding
Panther Metals plc has sold its 18,223,306 shares in Panther Metals Ltd for net proceeds of £219,000 (AUD421,328). STRATEGY Chief executive Darren Hazelwood said that the company’s exit was not a reflection of the Australian company. “Our own strategy is clearly focused on making a transformative discovery on our own highly prospective portfolio, as that […]
Cora indicates possible massive gold system at Tambor
Cora Gold Ltd said that drilling results indicated gold mineralisation associated with a possibly massive system on the Tambor gold anomaly at Madina Foulbé in the Kenieba project area, east Senegal. BEDROCK Completed reconnaissance reverse circulation drilling on 10 targets was at a shallow depth into the underlying bedrock on the 3km long by 1.6km […]