Hurricane Energy plc announced stronger net free cash position during the second quarter of 2021 than Q1 from its operations in the Lancaster field on the Rona Ridge, West of Shetland. FINANCES As of 30 June 2021, the company had net free cash of $134 million [£97m] compared with $127m at the end of March 2021. […]
Month: November 2024
Kavango raises £31,250 through warrant exercise
Kavango Resources plc received subscription monies of £31,250 following notices to exercise warrants over 1,250,000 new ordinary shares of £0.001 each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of warrants granted on 1 December 2020.
Altona appoints Cédric Simonet as COO
Altona Rare Earths plc has appointed Cédric Simonet as chief operating officer with immediate effect. Mr Simonet became a non-executive director of the company in December 2020 before which he had been consultant geologist since July 2020. He is a French national who graduated from Universite Blaise Pascal with a Masters in Geology in 1995, and […]
Block accepted by UN Global Compact network
Block Energy plc has been accepted into a United Nations international platform for businesses and organisations to network and engage in human rights, labour, environment, and anti-corruption. The Global Compact network is a commitment to the implementation, disclosure and promotion of its ten universal principles. ENVIRONMENT, SOCIAL AND GOVERNANCE The 10 principles of the UN […]
Block first full quarter gas boosts W. Rustavi revenue
Block Energy plc recorded a rise in gas production and hydrocarbon prices seeing the company maintain a strong cash balance from its operations in West Rustavi, Georgia. In its operational review of Q2 2021, the company said WR-B1 well on the West Rustavi field targeting 2.1 MMboe of recoverable oil and gas, had materially boosted production. […]
Caerus-Jubilee to pilot copper-gold sampling in Cyprus
Caerus Mineral Resources plc and Jubilee Metals Group plc have committed to an immediate pilot copper-gold sampling and investigation programme in Cyprus. The programme, to be managed on site by Caerus using Jubilee protocols, aims to make up for time lost due to Covid-related travel restrictions. Laboratory mineralogical and metallurgical studies will be followed by a […]