News Oil & Gas

Reabold targets stronger hold in Victory discovery

Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]

Company Moves Metals & Minerals News

Cornish Tin appoints Christopher Mcmellon as secretary

Cornish Tin Ltd has appointed Christopher Mcmellon as secretary. Companies House recorded the appointment on 26 April. The Truro-based mining company, which changed its name from Osprey Mining Ltd in November 2020, is working on the Great Wheal Vor project near Breage near Helston, Cornwall.

News Oil & Gas

Egdon losses narrow as output remains within guidance

Egdon Resources plc announced a decrease in losses while production remained within guidance during the six months ended 31 January 2021 from its UK oil and gas interests. The operator’s unaudited results showed production was 92 barrels of oil equivalent per day (H1 2020: 178 boepd) in line with guidance of 90-100 boepd. FINANCE Oil […]

Metals & Minerals News

Scotgold resolves technical issues but production will be slow

Scotgold Resources Ltd announced it had resolved outstanding technical issues but production would be slower than originally planned at its Cononish gold and silver mine near Tyndrum, Scotland. The company added that the delay to production had also resulted in a look at financing options, including from its directors. The Australian miner, with headquarters in […]