ICL Boulby announced a 10% increase in production at its East Cleveland polyhalite mine while sales rose 49% during the third quarter of 2020 compared with the same period last year. The company said the figures for its multi-nutrient mineral polyhalite were new monthly processing records for September and October. General manager and vice president Andrew […]
Month: November 2024
Galantas Gold narrows losses as revenue falls
Galantas Gold Corporation narrowed its losses by the end of September 2020 compared with the same period in 2019 for its Cavanacaw gold mine in Omagh, County Tyrone. The company also said it was still “actively engaged” in seeking strategic alternatives including reviewing its licences and operations, considering a sale, joint venture, partnership or other […]
Angus agrees Saltfleetby gas and geothermal MOU
Angus Energy plc and its partner Saltfleetby Energy Ltd (SEL) have entered into a non-binding MOU with Aleph Energy and Aleph Commodities for £12 million to develop the Saltfleetby gas field near the coast of Lincolnshire. bit.ly/2VhC7ab Aleph Energy and investment company Aleph Commodities will also procure a further £8m for a new off-site geothermal […]
UKOG looks to appeal against Loxley refusal
UK Oil & Gas plc said it would likely appeal against Surrey County Council’s refusal to grant permission for gas appraisal at its PEDL234 licence in Loxley. ISSUES The council’s planning committee ruled against officers’ recommendations to approve the company’s 100% owned Portland gas appraisal project. UKOG said that all issues concerning planning, environmental and […]
Parkmead remains “robust” despite gas revenue losses
The Parkmead Group plc reported a loss in revenue and profits but an increase in assets in its preliminary results for the year ended 30 June 2020. FINANCES Revenue halved for the period to £4.1m (2019: £8.3m) and gross profit fell to £1.3m (2019: £5.7m). Pre-tax profits before tax and non-cash impairment charges were £0.8m. […]
Wressle JV defers work to 2021 and agrees £1m loan
The joint venture at Wressle oil field has deferred workover operations and final commissioning until January 2021, and partner Union Jack Oil has loaned operator Egdon Resources £1 million. The North Lincolnshire oil site lies within Licences PEDL180 and PEDL182. The JV includes UJO (40%) and the operator Egdon Resources (30%), Europa Oil & Gas […]