Condor Gold plc said it had started initial site preparations at the location of the processing plant facility at La India gold mine, Nicaragua. Work includes creating the main plant access road from a regional paved highway to the processing plant, in-plant roads and a bypass road. All key areas for the plant layout – […]
Month: November 2024
Power Metal to enter 2021 with £2m and no debts
Power Metal Resources plc said it now had working capital of cash and listed investments exceeding £2 million. The junior metal and mineral miner’s added that half of the amount – more than £1.2 million – had been raised from warrant exercises since August 2020. The money put the company in a “robust financial position” […]
Premier and Chrysaor to form Harbour Energy
Chrysaor Ltd and Premier Oil plc’s proposed reverse takeover will result in a new name for the company of Harbour Energy plc. Harbour Energy will be the largest London-listed independent oil and gas company by production and reserves. The company’s board will comprise 11 directors including six independent non-executive directors, two non-executive directors appointed by funds […]
Premier to meet production target ahead of Chrysaor deal
Premier Oil plc reported it produced an average 61.2 kboepd for the first 11 months of 2020 and expected to meet its full-year guidance of 61‐64 kboepd. The company, currently engaged in a reverse takeover with Chrysaor, said 2021 production would be marginally higher at 61-66 kboepd, reflecting new production its operated Tolmount gas field […]
Premier Oil CEO Tony Durrant steps down from board
Premier Oil chief executive Tony Durrant stepped down today (16 December) from the company’s board of directors. He will remain CEO until 31 December 2020. Finance director Richard Rose will be the interim chief executive from 1 January 2021 until completion of Premier’s proposed merger with Chrysaor. Chief operating officer Stuart Wheaton will be interim […]
Cairn Energy appoints Nicoletta Giadrossi as chair
Cairn Energy plc has appointed Nicoletta Giadrossi as chair of the company with effect from 1 January 2021. She will succeed Ian Tyler who, after seven years on the Cairn board including six as chairman, announced in May 2020 that he would retire from the board on appointment of a successor. Ms Giadrossi is one […]