Galantas Gold Corporation announced that Roland Phelps will retire as the company’s chief executive officer and as a member of the board of directors. He will be replaced by Canadian mining executive Mario Stifano on the closing date of a proposed private placement of company shares. Metals trading company Ocean Partners Ltd‘s chief financial officer […]
Month: November 2024
Red Rock raises £7,352 via warrant exercise
Red Rock Resources plc has received £7,352.94 following notices to exercise warrants over 980,392 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 980,392 warrants into shares at an exercise price of 0.75 pence per share.
Hurricane notes slight fall in oil production at Lancaster
Hurricane Energy plc announced a slight decrease in oil rate and production from its Lancaster field on the Rona Ridge, west of Shetland. FINANCES In a brief report for the first quarter of 2021, the company also recorded net free cash of $127 million compared with $106m at 31 December 2020. LANCASTER EPS Production during Q1 […]
Deltic makes technical progresses on gas licences
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the southern and central North Sea. OPERATIONS Results ended 31 December 2020 showed a decrease in the company’s cash position to £12m (2019: £13.8m). The company’s intangible assets rose to £1,430,915 (2019: £1,127,942) reflecting the development of its exploration portfolio. Work […]
UKOG looks to diversify after swing to a loss
UK Oil & Gas plc incurred heavy losses due to lost time, extra operational work and relinquishment of a licence from its onshore operations in the South of England. The company also announced its aim to diversify into geothermal and renewable energy and add international sites, with easier regulatory requirements than the UK, to its […]
Serica cuts flare volumes by 45%
Serica Energy plc continued with its environment, social and governance (ESG) targets as it achieved a reduction of flaring and emissions at its North Sea operations during 2020. The company said it was intent on building a portfolio of assets which would make a positive contribution to the Net Zero transition and reduce carbon intensity. […]