Rockhopper Exploration plc said it was in discussions with potential partner Navitas Petroleum LP after Harbour Energy plc decided against proceeding with the Sea Lion project in the North Falkland Basin. HARBOUR In its interim results published today, Harbour said it had undertaken a thorough review of the Sea Lion project in which it has a […]
Month: November 2024
Deltic grants 34m share options
Deltic Energy plc has granted options over a total of 34 million ordinary shares in the company to its directors, senior management and employees. DIRECTORS The options, granted at an exercise price of 2.05 pence each, are in accordance with the company’s enterprise management incentives plan and subject to certain share price performance criteria. Chief […]
Cornish Metals adds second rig to explore Trenares
Cornish Metals Inc has added a second drill rig for a new target as part of the company’s 8,000-9,000m drill programme at its polymetallic project at United Downs, Cornwall. TRENARES LODE The Canadian company said that the second rig would explore Trenares lode, a new copper – tin – zinc target discovered during the 1970s […]
Alba Minerals NED Lars Brünner resigns from board
Alba Mineral Resources plc announced that non-executive director Lars Brünner had today tendered his resignation with immediate effect from the board of the company. Mr Brünner will focus on his other interests, including the company’s spin-out GreenRoc, of which he is a non-executive director. He has also waived his rights to 4,000,000 share warrants in […]
Union Jack turns down further 25% in Claymore Piper
Union Jack Oil plc has decided not to acquire a further 25% interest in the Claymore Piper complex royalty units in the North Sea. CORE PROJECTS In March 2021, the company acquired a 2.5% interest in the complex, which at the time it said was attractive, cash generating and high yielding, and consistent with its […]
Union Jack raises £3m via placing
Union Jack Oil plc has raised £3 million by way of a placing of 13,636,364 new ordinary shares of 5 pence each at a price of 22 pence per new ordinary share. USES Funds raised will be mainly used at the company’s onshore hydrocarbon projects in Wressle and Biscathorpe.