Victoria Oil & Gas plc (VOG)’s wholly owned subsidiary, onshore gas producer and distributor Gaz du Cameroun SA (GDC) in Cameroon, has settled gas invoices and agreed a loan note. INVOICES The agreement relates to take-or-pay invoices with Eneo Cameroon S.A. of 2.74 billion CFA franc ($5m/£3.58m) to GDC. The settlement signed on 16 April […]
Month: November 2024
Target of 78% cut in emissions to be enshrined in UK law
The Government will enshrine in UK law the world’s most ambitious climate change target to reduce emissions by 78% by 2035 compared with levels in 1990. In line the independent Climate Change Committee’s recommendations, this sixth Carbon Budget limits the volume of greenhouse gases emitted over a five-year period from 2033 to 2037, taking the […]
West Newton JV nears flow testing of WNB-1Z sidetrack well
The joint venture partners have ended the current phase of operations ahead of flow testing the West Newton B-1Z (WNB-1Z) sidetrack well near Hull in East Yorkshire. During December 2020, WNB-1Z encountered a gross 62 metre thick hydrocarbon bearing reservoir interval in the primary Kirkham Abbey target formation. The JV today said that the cased […]
Galantas to raise up to £3.8m for Cavanacaw
Galantas Gold Corporation announced a proposed private placement to finance full commercial production and increase high grade resource at Cavanacaw mine in Omagh, Northern Ireland. PLACEMENT The private placement consists of a minimum of 17 to 22 million units at C$0.30 (17p) per unit, where each unit comprises one common share and one warrant. The […]
Galantas to appoint Brent Omland as a director
Galantas Gold Corporation is to appoint Brent Omland to the board of directors on the closing date of a private placement announced today. Mr Omland is a Canadian chartered accountant and is currently chief financial officer of metals trading company Ocean Partners. He has 15 years’ experience in the mining, metals and trading sectors and […]
Galantas new CEO to bolster Cavanacaw operations
Galantas Gold Corporation’s proposed new chief executive announced he would introduce a stronger operational team for the Canadian company at Cavanacaw mine in Omagh, Northern Ireland. Mario Stifano will replace current CEO Roland Phelps who is to retire on the closing date of a private placement announced today. The Canadian mining executive has previously raised […]