The Oil and Gas Authority (OGA) said it will monitor companies to ensure they are abiding by its revised strategy outlining net zero obligations. The strategy, which is now in force, reflects the energy transition and includes a range of obligations on companies in the industry. These cover increasing efforts to reduce production emissions, support […]
Month: November 2024
UKOG makes second payment for Horse Hill equipment
UK Oil & Gas plc (UKOG) said it had completed the second instalment due under the sale and purchase agreement with PW Well Test Ltd (PW) for surface production equipment for Horse Hill oil site in Surrey. UKOG bought the equipment from PW for £1.65 million with the purchase to be made in three equal […]
Alba extends licence at Clogau-St David gold mine
Alba Mineral Resources plc has been granted an extension to its exclusive exploration licence over the Clogau-St David’s gold mine in north Wales. Alba’s subsidiary, Gold Mines of Wales Ltd (GMOW), was originally awarded a six-year exclusive exploration licence, termed an option agreement, with effect from 10 February 2015. The licence covers 107 km² encompassing […]
Condor Gold holds £8 million cash for La India
Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Predator to investigate third well at Inniss-Trinity
Predator Oil & Gas Holdings plc said it had included a third well in its investigative work at the pilot enhanced oil recovery (EOR) assisted by carbon dioxide project (pilot CO2 EOR) in Inniss-Trinity field, onshore Trinidad. The company added that swab tests and investigation of two of the four wells originally selected to evaluate […]